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341  Bitcoin / Bitcoin Discussion / Re: BP 148 or Segwit? Which one are you hoping happens before August 1st? on: July 13, 2017, 06:36:47 AM
all I have to say is ..

342  Economy / Trading Discussion / Re: Turning 50$ to 500$ within 1 month? on: July 12, 2017, 02:10:04 PM
it is possible I guess ..but you going to risk a lot ... basically going "all in" every trade ...
I would instead learn more about risk management, capital preservation, etc ...   
343  Bitcoin / Bitcoin Discussion / Re: Bitcoin virus on: July 11, 2017, 09:24:21 PM
I've just acquired the domain name BitcoinVirus.com. I didn't think there was such a thing, but the term seems to be being used to describe the ransomeware viruses that are demanding Bitcoin payments. Is this the case? or is there such a thing as a real Bitcoin virus?

you could use your domain to list all viruses that affects Bitcoin somehow like ransomwares, botnets, wallet stealers, etc .. it could be some kind of 'virustotal' for the bitcoin community ;-)

my advice, don't sell it cheap ;-)
344  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a Computer on: July 11, 2017, 08:59:30 PM
Inspired by a book "The Datacenter as a Computer: an Introduction to the Design of Warehouse-scale Machines Synthesis Lectures on Computer Architecture" (isbn 9781598295566).

I wonder if you fellows see bitcoin ecosystem as ...

BTC is a huge computer ...  Cool

 Roll Eyes

YES!   BUT, the BTC doesn't stand for Bitcoin, it stands for Blockchain. The Blockchain is the "supercomputer". Seriously.


Not Bitcoin. You are referring to Ethereum.

Ethereum provides templates of the Blockchain, for any person or organizaiton to levarge. Ethereum isn't the Blockchain, they're not the supercomputer, but they are making blockchain technology easier to access/use. They're selling supercomputers.
Nonsense, blockchain is just a bunch of data, bitcoin still isn't a super computer, miners combined together could be, but they are already doing their job which is mining. ETH or BTC could not be used for anything other than issuing coins and processing transactions.

according ETH creators, ETH is a Turing completeness[1] while Bitcoin’s scripting system was deliberately made to be not Turing-complete to protect the network’s peers from malicious and buggy code that could end up in an infinity loop or something ...

I was using the term computing in a broad sense[2] ... remember that this things bellow are (on the textbooks) considered computers too[3] ...


Abacus


Joseph Marie Jacquard, who in 1801 made the 1st programmable loom, the basis for modern data computation.

[1] https://en.wikipedia.org/wiki/Turing_completeness
[2] A computer is a device that can be instructed to carry out an arbitrary set of arithmetic or logical operations automatically
[3] https://en.wikipedia.org/wiki/History_of_computing_hardware
345  Bitcoin / Bitcoin Discussion / Re: How long do unconfirmed transactons live in the network? on: July 11, 2017, 11:28:01 AM
Similar to tcp/ip packet TTL I guess ( Time to live - TTL https://en.wikipedia.org/wiki/Time_to_live)

Quote
As of Bitcoin Core 0.14.0, these are the ways a transaction can leave the mempool:

The transaction was included in a block.

The transaction or one of its unconfirmed ancestors conflicts with a transaction that was included in a block.

The transaction was replaced by a newer version (see BIP 125).

The transaction was at the bottom of the mempool (when sorted by fee per size), the mempool had reached its size limit (see the -maxmempool option), and a new higher-fee transaction was accepted, evicting the bottom.

The transaction expired by timeout (by default 14 days after entering).

Also, transactions that have left the mempool can always enter them again. For example, when they're part of the local wallet and get rebroadcast, or when they're received again over the network. Eviction does not imply a transaction is cancelled.
Since Bitcoin Core 0.14.0, the mempool is saved to disk, so it persists across restarts. In earlier versions a restart would also result in a wiped mempool.

source: https://bitcoin.stackexchange.com/questions/46152/how-do-transactions-leave-the-memory-pool/46162#46162


...
346  Bitcoin / Bitcoin Discussion / Re: Bitcoin versus Illuminati on: July 11, 2017, 07:00:32 AM
omg ....  well ..since you guys started that entertainment topic Grin ....

I just cheeked at my *mariana web node* and pull out a document saying that Satoshi is a reincarnation of the Monk Samurai Knight Templar who invented the Bank System in the middle age ...

and Satoshi remains the top internet mystery ...

Top 10 UNSOLVED Internet Mysteries
https://www.youtube.com/watch?v=uIqDc31lk7k   
347  Economy / Trading Discussion / Re: Altcoins are all down, so how do traders make their earnings? on: July 11, 2017, 04:33:33 AM
Even in a dowtrend, traders can make money with day trading. In this case, the MACD helps.


I think it is easier for non-traders to understand the bull's logic (buy for 1, sell for 2) than bear's logic (sell for 2, buy for 1) ...

 
348  Bitcoin / Bitcoin Discussion / Re: Alts fall, Bitcoin falls ... where is the money going? on: July 11, 2017, 04:02:06 AM
Bitcoin is the 'Locomotive' of the crypto economy (about 50% of total crypto market capitalization)  ... it is understandable that any rough movement in bitcoin community will affect the others blockchains. Trading is all about read the psychology of the crowd... since march of this year we been in a bull market up to $3000 (resistance line) ... I think now the smart money is cashing out and I have no idea where they going to invest their money ... bears are taking their profits... taking advantage of the political "problems" we are going through ... I'm not sure where I should draw my support line ... I'm expecting something around $1600
...but by the end of the month we will see what bulls and bears are up to ... so be prepared

I do agree with that technical analysis here ...

https://www.youtube.com/watch?v=lmuYDpKV1Ks

but remember that different traders have different views about what they think the market looks like. On websites like tradingview you will see hundreds of charts and analysis often one contradicting another. So do your own research... it is a minus zero-sum game.

and be prepared try to be on track ...

https://www.youtube.com/watch?v=2k6I7NYvgIQ
349  Bitcoin / Bitcoin Discussion / Re: [BREAKING NEWS]: Wall Street Predicting Bitcoin To Hit $55,000 In 5 Years on: July 09, 2017, 02:18:59 PM
Straight of the printing press the paper is still hot and the ink wet as we deliver this story to you this evening.

Top Wall Street strategists see bitcoin 'cannibalizing' gold, worth as much as $55,000.

http://www.cnbc.com/2017/07/07/strategist-tom-lee-weighs-sees-bitcoin-going-as-high-as-55000.html

Updates if we can be bothered to post them...

Just one question what is the author of this article high on weed, meth etc? This days people just want to get high and enjoy the popularity of Bitcoins. I think this is the quite high exaggeration at its best. I will be happy if it goes but then I feel it's highly doubtfull I think he may be written 5500 and added one zero by mistake that's what I can infer so far, let's see what others have to say.

whenever price of bitcoin goes up everyone starts to bring out their big guns of speculation and call a different high number. some of them have some good points and some are just throwing numbers. haven't decided which one this is.
but it is not a big thing really to doubt. bitcoin does have the potential of going that high. there is still the same limited number of coins available and the max amount has not changed Smiley
and demand is still rising for this limited supply.

maybe few things gold will be useful for ... wedding rings, electronic circuits, tooth loss, etc ... the financial era is over  Cheesy

"Gold is a chemical element with symbol Au (from Latin: aurum) and atomic number 79. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal and a group 11 element" 
350  Bitcoin / Bitcoin Discussion / Re: Applications build using the "Lightning Network" on: July 09, 2017, 09:22:40 AM
is it possible to make it work on mastodon platform ?

https://mastodon.social/about
351  Bitcoin / Bitcoin Discussion / Re: bitcoin mining on: July 09, 2017, 07:49:37 AM
bitcoin mining is one of the best platforms regarding making money, day by day it is becoming a popular and profitable source of gaining profit. in India and China, bitcoin mining has gained huge popularity and many people are being involved in this section. bitcoin mining is the best possible stage to make double your capital within a short period of time.
Yup, totally true. The only dark side to mining is that you may risk spoiling your hardware (i.e. Overheating, or mining using laptop Grin). Also,if your country's electricity bill is relatively high, your rewards from mining may not be enough to cover the bill.

Thats how Bitcoin works. It rewards users (or machines) with Bitcoin for their computational power to verify transactions and to discover new blocks. The higher the price of Bitcoin, the higher the miner fees, and miners would get even more rewards, in additional to the 25 BTC per block found.

I am not so sure about how profitable mining is right now, but if you do not have a specialized BTC miner like ASICs, then do not try and mine with your regular computer and laptop, you might explode them. (the dark side)

I think the equation to measure the mining profitability today is not much more different that the modern datacenters ...

352  Bitcoin / Bitcoin Discussion / Re: [BREAKING NEWS]: Wall Street Predicting Bitcoin To Hit $55,000 In 5 Years on: July 09, 2017, 06:34:49 AM
five years into the future prediction... wow ... I would be happy if I was able to predict bitcoin price next month ...

ed;typo
353  Bitcoin / Bitcoin Discussion / Re: Silk Road Peaks and Troughs on: July 07, 2017, 02:09:27 PM
if I were data scientist ...regards the "Silk Road Peaks" hypothesis ... I also would add data from alt coins like moneritos, dashitos, zeckitos .. look at coin mixes nodes etc ...

ed; add 'alt'
354  Economy / Trading Discussion / Re: When do YOU sell? on: July 07, 2017, 08:49:28 AM
In general I sell when the market is overbought ( http://www.investopedia.com/terms/o/overbought.asp)

... and I like to use candlestick signal as a trigger to open trading position ...
355  Economy / Trading Discussion / Re: What is the best Bitcoin Trading BOT? on: July 07, 2017, 08:10:47 AM
I really like Gekko bot.

It is open source, easy to configure and ..

Automated trading (trade bot)
Paper trading (for TA strategies)
Backtester (for TA strategies)
Tool for systematic trading
Low level market library
Monitor the live market
Import historical market data
Broadcast market data over pubsub messaging systems
Web interface as well as a commandline interface

https://gekko.wizb.it/docs/introduction/about_gekko.html
https://bitcointalk.org/index.php?topic=209149.0

if you are familiar with TA-Lib ( http://ta-lib.org/function.html )
you can really make most of it ...



I use gekko only to send me sms to my mobile, when Gekko catch the trading signal from my strategy, then I go to my desktop to double check the signal and then place my trade manually  ... it is good for inter-day trading ... not recommended for scalping ...
356  Economy / Trading Discussion / ago 1st bearish or bullish ? on: July 07, 2017, 07:06:37 AM
I would like to ask ... what will be your position during segwit activation ? and why (opcional) ?

poll options
(3 votes per user, run poll for 30 days, allow user to change vote, Only show the results after someone has voted.)

From the book "Trading for a Living" by Alexander Elder

Quote
Chapter 2
Mass Psychology

What Is Price?
Traders can be divided into three groups: buyers, sellers, and undecided. Buyers
want to pay as little as possible, and sellers want to charge as much as possible.
Their permanent conflict is reflected in bid-ask spreads.

A trade occurs when there is a momentary meeting of two minds: an eager bull
agrees to a seller’s terms and pays up, or an eager bear agrees to a buyer’s terms and
sells a little cheaper.

The presence of undecided traders puts pressure on bulls and bears. Buyers and
sellers move fast because they know that they’re surrounded by a crowd of undecided traders who may step in and snatch away their deal at any moment.
The buyer knows that if he thinks too long, another trader can step in and buy
ahead of him. A seller knows that if he tries to hold out for a higher price, another
trader may step in and sell at a lower price. The crowd of undecided traders makes
buyers and sellers more willing to deal with their opponents. A trade occurs when
there is a meeting of two minds.

357  Bitcoin / Bitcoin Discussion / Re: Afraid of August One? on: July 07, 2017, 06:04:45 AM
We are already in July and August 1 is coming...the day when Segwit would start signalling for all and what will happen after this date is something many fear of. Will there be a split and what will happen on the split?

I have already read some assurance that at the current rate things are doing, the possibility for a split is getting remote. Maybe the overarching interest of all stakeholders has already dawned to many.
This is very simple thing , you should think that lot of amount of the Bitcoin are hold by the owner of the Bitcoin , so what will happ if the network of the blockchain will face problem , I mean we don't need to worry much about this , and instead of this some preacuation should be taken by us .
1) Before 1 August transfer your all Bitcoin at the blockchain wallet .
2) If you have Bitcoin then transfer only Bitcoin to your address of blockchain also  .
3) don't make transaction like things from any of the Bitcoin wallet .
4) Make backup of your wallet of the blockchain before the 1 August  .
If you will do these things , then I don't think that you need to worry anything ways , because you are in official ways and platform and nothing is problem in the official wallets Wink

 
if you are bitcoin trader you should be scare to the bone ... I mean what would be the scenario in case of a lot of users withdraw their btc from the exchanges ?? ...

Thinking a bit more about fundamentals and leaving my technical analysis astrology aside ...  

My feeling is that the market will be bearish ... but in fact I fell like that little girl



I'm scare to the bone to the bone this month ... I expect bitcoin price crash .. or it is just my wishful thinking to buy cheap btc  Undecided ...

ed;typo
358  Other / Off-topic / Re: future of the web is decentralization? on: July 05, 2017, 08:55:18 AM
Hi guys,

it's impossible for internet to be decentralized unless you want every single household to own a server


Fellows, instead focus on the device itself we really should give more attention to the data itself ...
I would bet all my btc on these keywords:://networking theory//Content centric networking//Information-centric networking

I will try to write down some of my thoughts relating networking and what we are learning about bitcoin economy gears (solution for classic computation problem, the byzantine general problem)  Tongue

359  Bitcoin / Bitcoin Discussion / Re: Buy more bitcoin or wait for August 1st? on: July 04, 2017, 10:03:46 AM
So my initial plan was to invest more into bitcoin on a weekly basis but with the possibility of a split on August 1st I figured I'd wait a little. If there would be a split, there would certainly be a drop in price so maybe a good opportunity to pick some more up rather than doing it now. Normally I tend to make these kind of decisions for myself but since I don't fully understand what will happen August 1st I figured this would be the best place to ask.

On 1st August there will be a User activated soft fork occurring, you can go into more detail at http://www.uasf.co/.

It is rumoured though that a bunch of companies will try to initiate hard forks of bitcoin as well. I believe bitmain says that it's going to go about mining its own coin after the UASF if it is successful(correct me if i'm wrong), and bitcoin unlimited has majority miner support but a lot less nodes signalling support.

If i were you i would probably sell half my stash right now and then buy back when the panic sets in on or before 1st August. It's probably overhyped at the moment, and i'm sure a lot of people will panic and don't know what to do. Then, you can buy some cheap coins Smiley

in either way I hope people have some fun ...

360  Bitcoin / Bitcoin Discussion / Re: The "Satoshi Risk" on: July 04, 2017, 01:24:28 AM
just to put things in perspective ..

Quote
Satoshi holds 6.4% of all bitcoin in currently in circulation
source: http://uk.businessinsider.com/satoshi-nakamoto-owns-one-million-bitcoin-700-price-2016-6

even less than Bill Gates Microsoft shares exit plan.

Quote
Gates, who owned 49 percent of Microsoft before it went public in 1986, sells about 80 million Microsoft shares a year under a pre-set plan, which if continued would leave him with no financial stake in the company by 2018.... giving up his day-to-day work there in 2008 to focus on the $38 billion Bill & Melinda Gates Foundation...Gates owns about 4.5 percent of the $277 billion company and is its largest individual shareholder.
sources:
http://www.reuters.com/article/us-microsoft-gates-idUSBREA410YS20140503
http://www.huffingtonpost.com/2013/10/01/microsoft-gates-resignation-investors_n_4026506.html

so .. I guess if Satoshi adopt a similar exit plan .. bitcoin will survive  Wink ...

ps->
regards Finney and the "fan noise" ... some how reminds me the book "Datacenter as Computer" ...  Cheesy

Quote
A datacenter is a building (or buildings) designed to house computing and storage infrastructure
in a variety of networked formats. Its main function is to deliver the utilities needed by housed
equipment and personnel: power, cooling, shelter, and security. By classic defnitions, there is little
“work” produced by the datacenter. Other than some departing photons, the remainder of the
energy is exclusively converted into heat. Te delivery of input energy and subsequent removal of
waste heat are at the heart of the datacenter’s design and drive the vast majority of costs.
Tese costs
are proportional to the amount of power delivered and typically run in the $10–20/Watt range (see
Section 6.1) but can vary considerably depending on size, location, and design.

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