Bitcoin Forum
May 11, 2024, 07:06:04 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 [23] 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 »
441  Economy / Economics / Re: Is the economy situation in your country that bad? on: February 07, 2017, 02:15:22 PM

yes the growing population is also one of the reason of the increasing ratio of crimes. i think bitcoin is helping to overcome the crises by giving opportunities to people t invest even their little amount of money and make good profit

from it. but still the most of the people do not have any knowledge about bitcoin.


I also agree that growing population gives an increased ratio of criminality but there other main reasons like as poverty, social inequality lack of education and so on. Besides that, as far as it concerns the bitcoin I agree that is a solution for many people worldwide without bank status but these people must not stay with the fingers crossed. That means, they have to try to learn some things about the blockchain technology and how bitcoin works so as the bitcoin benefit them not only for investments but as payment medium in their transactions too.

442  Bitcoin / Bitcoin Discussion / Re: Why is fee still high (6000 unconfirmed transactions) on: February 07, 2017, 02:01:32 PM
when fee is still high and there are more unconfirmed transactions than a block can include if i pay less fees there are still more transactions with higher fees than mine.

Yes, but more people will begin to respond the same way, starting the process of pulling the average fees back down.
You seem to want both fastest confirmation and lowest fees. You can never have both. You must balance speed and price, there is no other way.

Lower Fees and Faster Confirmations,
I can have both by using LTC (Also controlled by the Chinese) or ETH or another Altcoin.  Cheesy

Locking oneself into one Coin service when there are plenty to choose from , is beyond stupid.
Competition is the only way to make the miners keep the fees lower,
No Competition between coins, then I hope you enjoy being butt-raped on fees, because that is exactly what the greedy miners are going to do to you.

 Cool


I’d never really thought about it that way but I must agree with your view because the last days the transaction fees are very high and the unconfirmed transactions most hours of a day is a nightmare; so I don't want imagine what will happen after a surge in bitcoin's price. Moreover, after many conversations and debate about the scaling issue there is no light in the end of tunnel. Therefore, I see too as the only solution if someone wants to do any micropayment transactions and doesn't like the domination of miners must go with altcoins. 
443  Bitcoin / Bitcoin Discussion / Re: What Frustrates You Most When Using Bitcoin? on: February 07, 2017, 01:16:17 PM
First time I was deal with bitcoin I was very excited and I was thinking that all things as far as it concerns the monetary system were solved; the only difficulty would be the adoption of many people so as to be an everyday payment system. After a while, I realized the process of bitcoin transactions which depends from network confirmation. So, I understood that debate in scaling and the increased fees will be the everyday reality where I have to face it until a solution. All of these are so different from anything I had lived so as many times I feel that anyone join in bitcoin ecosystem lives in a parallel world compared with fiat money.
444  Bitcoin / Bitcoin Discussion / Re: Who to blame for the increasing transaction fee? on: February 06, 2017, 06:47:08 PM
Most of the blocks are full 990.11 999.12 and so on but there are some blocks with the size of 0.25 can someone first tell me how is this possible?
https://blockchain.info/block/0000000000000000000a6acdd3ea35adda1db8c45bd2fe753d09401500e15ef7

If i am not mistaken this is an empty block. It's not really empty because has one transaction which is the mining reward, nowadays 12.5 btc https://bitcointalk.org/index.php?topic=1085800.0. That means in this block only the coinbase transaction is included. It depends from the mining pools because there are miners who don't mine empty blocks https://bitcoinmagazine.com/articles/why-do-some-bitcoin-mining-pools-mine-empty-blocks-1468337739/. On the other side imo all of us we belong in bitcoin ecosystem, more or less, we are responsible because of the increased fees. Not only devs and miners but simple users we could force in order to find a viable solution with high fees.
445  Bitcoin / Bitcoin Discussion / Re: bitcoin is banned on: February 05, 2017, 02:06:45 PM
How can bitcoin become global when not so few countries, including Russia and China, ban it?

I really disagree with your view. If you do a research you will find out that Russia is more friendly now with bitcoin and their users because the deputy minister of finance reversed the plan to ban the bitcoin usage https://www.cryptocoinsnews.com/russia-reverses-plan-to-penalize-bitcoin-use/. Moreover as far as it regards China of course the PBOC has a lot of influence over bitcoin and want to regulate it  but on the other side the two third of the mining power are in their home.
446  Economy / Gambling discussion / Re: Everyone looses in the long run on: February 04, 2017, 05:44:21 PM
- Gambling is a game based on luck, although you can try to analyze or statistics, but you can still lose
- Prediction is something belonging to the future, and the future is never predictable
- In sports betting, you rely on your skills and play with a small money, because you know there will be risks, so you do not bet big. You are not sure about your predictions and you are afraid to lose money

I believe in maths and statistics so;

If gambling sites or casinos are unbiased (provably fair) then when you play, say American roulette there are 38 possible results. The red are the 18 of them. So the probability of winning a bet on red are 18/38, or 47.37%. So the casino will win a little more than the player half of the times.
In sports betting and the very popular soccer everyone believes that based in skills. That's true but many teams are taking money to lose or there are facts which are not known by the punters or some of them are unpredictable during the game and affect the result. So again maths, and the only sure in home, away, draw game is the probability is always 33.33%  
447  Other / Beginners & Help / Re: All you need to know about Unconfirmed transactions and what to do about them. on: February 04, 2017, 10:59:41 AM

--snip--

You can however calculate an estimated size if you insist on using BC.I. A rough estimate is this:
Code:
inputCount*180 + outputCount*34 + 10 ± inputCount*1
ref

it's "replaceable" the same as abandon transaction in bitcoin core, because there is not such option in core, but maybe they do the same thing?
The funny thing is RBF existed from very early version and it was added in 0.12.0 and I can not find it in bitcoin core (0.13.0 I should upgrade soon :/) apart from mempool which is about relaying the RBF transactions not making them.

From my point of view, not only for completeness of this post but for practical reasons too, given that now often we see 150s/b, you could point that above estimation of fees is based when public keys are uncompressed. But when public keys are compressed (nowadays usually are) then someone have to replace the value 180 with shorter one that is 148.
448  Bitcoin / Bitcoin Discussion / Re: Still getting hit with 1+ hour confirm times, sometimes 6+ hours... on: February 04, 2017, 07:30:18 AM

--snip--

That is still not an excuse sadly. This will not be good for the price and for the long term interest from its own real users. Meaning the buyers and sellers of the dark markets not the buy and holders. That is one of the biggest part of Bitcoin's economy. Alphabay sellers have started accepting XMR, if more dark markets accept it because of the lack of Bitcoins's development in fixing the growing problem of transactions always taking hours to confirm expect no. of users to fall.

Of course nobody in bitcoin world is happy with transaction fees and confirmation time anybody faces last days except miners, who earn very good profit. Besides that, as far as it concerns Alphabay or Oasis or any market related with deep web, has nothing to do with bitcoin's transactions issue but with some very important features people want when they visit these sites. These features are the anonymity and non traceability which obviously are not included in the characteristics neither bitcoin nor ethereum so their users found another crypto according to deepdotweb
449  Bitcoin / Bitcoin Discussion / Re: The danger of the cyptocurrencies on: February 03, 2017, 09:49:41 PM
In some countries Bitcoin is taxed but not because governments are afraid of Bitcoin bur because they want to collect their part of earning.
They see Bitcoin like any other types of investment or capital that has to be taxed. No one actualy doesn't have fear from cryptocurrencies anymore, they are all just trying to have their peace of cake.

I dont know some countries can make tax from bitcoin, i just thinking that bitcoin is anonymous, nobody know who have the address, then how the government make tax list from address or people in that country?

Do you really believe that bitcoin is anonymous? When you buy/sell things with bitcoin and you give your real name and address; when you convert fiat to bitcoin or vice versa using as intermediary banking services are you anonymous? When you deal with trading and must send some documents in order to be fully verified so as you can process a withdrawal are you anonymous? No it's only pseudonymous. There are some methods to keep a level of privacy if you read satoshi's white paper https://bitcoin.org/bitcoin.pdf but does anyone who wants privacy he believes that are satisfactory?
450  Other / Off-topic / Re: Is science a religion? on: February 03, 2017, 06:07:21 PM
The way I see it, religion and science, faith and knowledge are two basic and essential aspects of the human spirit, which move in different planes, parallel or intersecting, but not mismatched. First I should note that there is no issue of contradiction or conflict between them. Religion and science are two great intellectual figures complementary and not mutually exclusive. These are two manifestations of the human spirit that move at different levels. They have autonomous areas of interest and research.
451  Bitcoin / Bitcoin Discussion / Re: More than 50,000 unconfirmed transactions on: February 03, 2017, 04:36:09 PM
The same story like as was one week ago. Many unconfirmed transactions, many people waiting more than 10 hours when their fees are about 65s/b and they cannot understand the reason. Some people yelling that is only a spam attack, and other quarrel in favor of one or the other solution (blocksize, segwit) without any solution in the end. On the other side people are speaking about mass worldwide adoption or what they will do if the government of 'x' country will ban or regulate bitcoin. At last, the only happy are miners they easily see good profits when fees are high and bitcoin price more than $1000.
452  Bitcoin / Bitcoin Technical Support / Re: Help all my transaction are unconfirmed for over 10hours now on: February 03, 2017, 09:42:52 AM
As I saw all of your fees are more than 10,000 satoshis/kb and are not low 65s/byte but today there are many unconfirmed transactions. So I used the tool https://www.viabtc.com/tools/txaccelerator/ and I entered the tx of your first two transactions. I left the rest two for you in order to learn it when you will use it. Furthermore, I found very helpful this thread if you want to read it so as in the future you will feel more confidence when you spend your coins https://bitcointalk.org/index.php?topic=1776194.0.
453  Bitcoin / Bitcoin Discussion / Re: 1MB block size forever is just silly on: February 03, 2017, 08:37:14 AM
I don't really know where else to go from that..   1MB will seem like 1KB soon enough.  What do..

 
What are you talking about? With segwit we get 2-4 mb  Wink if I'm not wrong.


Yes with segwit you can raise the size up to 4mb but the effective cost limit so the blocks will remain balanced is about 1.6-2 mb https://bitcoincore.org/en/2016/01/26/segwit-benefits/. Besides that, I am not sure if the last days is only a spam attack in the network and not increased real transactions too but 160s/byte for fast confirmation is unacceptable. Thus, the only people in bitcoin world who have sure and big profit are only the miners. Aren't they?
454  Economy / Economics / Re: Why do people keep saying BTC is dead?! on: February 02, 2017, 11:05:00 PM
People keep saying btc is dead because they make speculations that its dead so that it make consfusions to those who wants bitcoin price to become lower and if people were confuse they will sell their bitcoin, and then good profit is earned. Don't trust all speculations because its all fabricated for personal purposes and not for the best of all who will be benefited by bitcoin.

I am pretty sure that is the main reason. They want to manipulate the price and speculation is a big weapon. All time the same story; that is, bitcoin is a ponzi, don't use it is only for illegal activities and bitcoin crashes. But  people are not so gullible as much as it used to be in the recent past. They do their research so they don't believe speculators. But the worst, which is not easy to overcome is panic selling. People they see only the price not the volume, trend, news and eventually they can't control their emotions and the continuation is known. Price is falling and some who already cash out buy low so after a while to cry 'to the moon', 'sky rocket' and the same again and again.
455  Bitcoin / Bitcoin Discussion / Re: broke blockchain on: February 02, 2017, 10:00:00 PM
 I don't know what to say; I could not believe that was possible and except somebody did it by accident I don't know why this permitted. Here is the transaction (sometimes I use blockcypher because they have API to see miner preference from fees as high,medium and low like as the confidence expressed as percentage that tx would be confirmed) https://live.blockcypher.com/btc/tx/1f56b0fa6c077578dca4b1a163c2ac295af0b97eeacea8c38ba6dd0039aa77a8/. Fees are not low and maybe after a while will be confirmed. On the other side does anybody could clarify the reasons this could be happened?  
456  Bitcoin / Bitcoin Discussion / Re: Your biggest bitcoin regrets? on: February 02, 2017, 08:25:23 PM
I don't really regret much when it comes to Bitcoin. If anything I probably regret the most that I didn't invest more FIAT currency into Bitcoin when I first stumbled upon it. That was in 2011, but as many others have expressed here over the years, I didn't pay enough attention back then, it was later in 2013 that I bought and earned my first Bitcoins...

This is the same with me. I could not be one of the early adopters but surely I could deal with bitcoin in the end of 2013. Unfortunately this year bitcoin was crashed from more than $1,200 to less than $600. Mass media were shouting that bitcoin is a waste of money and could not ever used as an alternate medium of payment. Take a look what a journalist of L.A Times had written these days http://www.latimes.com/business/hiltzik/la-fi-mh-the-bitcoin-crash-20131207-story.html. Therefore I lost the train; but even now I am optimistic about the course not only now but and after some years.
457  Bitcoin / Bitcoin Discussion / Re: How to make governments accept bitcoin? on: February 02, 2017, 08:07:32 PM
I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?

The governments have nothing with bitcoin. They are ordinary employees who simply perform the instructions given from banks. The banks will lose everything if bitcoin will prevail worldwide and people use it in all of their daily transactions. Therefore, banks will do nothing if people use it only for hoarding as asset; but if they start to use it very often as currency then I believe that will see the governments to impose strict measures in usage of bitcoin.
458  Bitcoin / Bitcoin Discussion / Re: Safety measures in case of huge profit on: February 02, 2017, 06:09:45 PM
To my point of view not all eggs in one basket. If I was you I would use the same policy like as if I had an investment stocks portfolio i.e a risk policy management which implemented via diversification. Therefore, most part 50%-60% I would keep it to hardware wallets (trezor, ledger, opendime sticks, anything after a research you believe is the safest choice). The next part about 20% I would deposit to 2-3 well known exchanges (to reduce the risk in case of hacking). The rest of my coins I would convert in fiat (using localbitcoins and cryptocurrency ATMs).
459  Economy / Speculation / Re: What do you think the price of bitcoin will be in 2018 on: February 02, 2017, 04:05:10 PM
There are many factors which can affect the price of bitcoin. First are the uncertain and unpredictable factors like as political and financial crisis in worldwide level, bankrun of a big well known bank with many customers and so on. Secondly, there are factors from bitcoin ecosystem like as the adoption of people and the debate about scalability. So the most, imo, optimistic scenario is a consensus and more bitcoin users where could lead the price in new all time high level
460  Economy / Economics / Re: Successful bitcoin entrepreneurs? on: February 02, 2017, 11:05:51 AM
signature campaign was the one of the best source of income in bitcoin you just need a hardwork and right state of mind in order to construct a good quality post. and you must know what you're doing but if you are really rich enough to build a gambling site you should do and make one. thats the best investment you can do in bitcoin.

I really don't agree with your view. Signature campaign is something different from an entrepreneur. An entrepreneur must afford a capital and must risk his money. Besides that, gambling sites has many drawbacks too. At first there is the hacking. There is none gambling site or exchange can tell that has apply the perfect security measures. So, after the hacking you lose your reputation and must have enough money to indemnify your customers. Therefore, I believe if anyone have a good online store can be considered as a successful entrepreneur. 
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 [23] 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!