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tekmobile
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September 29, 2017, 02:54:34 PM |
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Lol. But I do hope some of those bitcoin forks will really die, recompiling 4 different bitcoin software almost every day is not fun and forcing us to store 4 different blockchains (4x 150 GB) is basically criminal.
No need to store 4 just store the 1 that's all I do I have one core node (0.15.0.1) and that's it |
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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johnsmithx
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September 29, 2017, 03:02:34 PM |
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4 different bitcoin forks require 4 different blockchains. The pre-fork data could possibly be stored only once and linked but I am not sure it would actually be possible to run all forks at once (as I do) and have them all read the same block files, so anybody with half a brain will keep a separate blockchain for each.
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tekmobile
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September 29, 2017, 03:05:53 PM |
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4 different bitcoin forks require 4 different blockchains.
Yea but how many support all 4 ? not many If someone is going to run a node they will just run the one they support the only ones that will run multiple nodes are companies that support all the forks |
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johnsmithx
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September 29, 2017, 03:10:37 PM |
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4 different bitcoin forks require 4 different blockchains.
Yea but how many support all 4 ? not many If someone is going to run a node they will just run the one they support the only ones that will run multiple nodes are companies that support all the forks I am talking about us, the users, the bitcoin holders. If I have bitcoins at the moment of the fork then I have the new bitcoins too, so then naturally I want to have a functional respective wallet software to actually be able to use those new bitcoins. Oh and I forgot - it's not actually 4x 150 GB but 8x 150 GB because, again, everybody with half a brain keeps a backup  |
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tekmobile
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September 29, 2017, 03:23:55 PM |
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4 different bitcoin forks require 4 different blockchains.
Yea but how many support all 4 ? not many If someone is going to run a node they will just run the one they support the only ones that will run multiple nodes are companies that support all the forks I am talking about us, the users, the bitcoin holders. If I have bitcoins at the moment of the fork then I have the new bitcoins too, so then naturally I want to have a functional respective wallet software to actually be able to use those new bitcoins. Most now just use light wallets yes I run a BTC core node but I don't use it I have a TREZOR the core node just sits listening to connections there is no active wallet on it When Bcash forked I just used electron cash I didn't care about a full wallet I just needed to sell same with most of these alts they are very low valued and don't justify running a full node. 1. (SELL) Use a light or hardware wallet 2. (SPLIT) Use a light or hardware wallet 3. (HOLD) Don't do anything but recommended to split 4. (TRADE) Most likely kept on an exchange
Oh and I forgot - it's not actually 4x 150 GB but 8x 150 GB because, again, everybody with half a brain keeps a backup Sad
Why keep a backup no point back up your wallet yes fair enough but no need to back up the entire chain its not going anywhere the only advantage is quicker sync after a failure |
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johnsmithx
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September 29, 2017, 03:37:58 PM |
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4 different bitcoin forks require 4 different blockchains.
Yea but how many support all 4 ? not many If someone is going to run a node they will just run the one they support the only ones that will run multiple nodes are companies that support all the forks I am talking about us, the users, the bitcoin holders. If I have bitcoins at the moment of the fork then I have the new bitcoins too, so then naturally I want to have a functional respective wallet software to actually be able to use those new bitcoins. Most now just use light wallets yes I run a BTC core node but I don't use it I have a TREZOR the core node just sits listening to connections there is no active wallet on it When Bcash forked I just used electron cash I didn't care about a full wallet I just needed to sell same with most of these alts they are very low valued and don't justify running a full node. 1. (SELL) Use a light or hardware wallet 2. (SPLIT) Use a light or hardware wallet 3. (HOLD) Don't do anything but recommended to split 4. (TRADE) Most likely kept on an exchange Well I guess it depends on how many bitcoins you actually have. If it's next to nothing then all this is just a game to you, but if you have at least a million usd worth of bitcoins and your whole existence (and possibly of others, too) depends on it, then (again, if you have half a brain) you wouldn't even for a second think about using any light wallet or keeping it at an exchange or doing anything less secure than the best. Then you would keep all your devices encrypted, you would use multi-factor authentication and your main worry would be that you forget your very long and very hard to remember passwords because you of course weren't that stupid to write it down. Then even the "low valued" fork is worth enough to live off it for the rest of your life. Then if there is even a small chance that the new fork might replace the original bitcoin you wouldn't even for a second think about selling it. Then you would think and behave totally differently. Why keep a backup no point back up your wallet yes fair enough but no need to back up the entire chain its not going anywhere the only advantage is quicker sync after a failure
Yes, being able to recover in minutes after a failure instead of many hours, if not days, might be a big difference. Again it depends on the amounts and how much is it worth. If you have a $500 car then you won't probably care about it much, but if you have a $500k car then you will probably polishing it every other day even though there is "no point" - the difference is your perception of it and how you treat it changes. |
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tekmobile
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September 29, 2017, 03:47:22 PM |
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4 different bitcoin forks require 4 different blockchains.
Yea but how many support all 4 ? not many If someone is going to run a node they will just run the one they support the only ones that will run multiple nodes are companies that support all the forks I am talking about us, the users, the bitcoin holders. If I have bitcoins at the moment of the fork then I have the new bitcoins too, so then naturally I want to have a functional respective wallet software to actually be able to use those new bitcoins. Most now just use light wallets yes I run a BTC core node but I don't use it I have a TREZOR the core node just sits listening to connections there is no active wallet on it When Bcash forked I just used electron cash I didn't care about a full wallet I just needed to sell same with most of these alts they are very low valued and don't justify running a full node. 1. (SELL) Use a light or hardware wallet 2. (SPLIT) Use a light or hardware wallet 3. (HOLD) Don't do anything but recommended to split 4. (TRADE) Most likely kept on an exchange Well I guess it depends on how many bitcoins you actually have. If it's next to nothing then all this is just a game to you, but if you have at least a million usd worth of bitcoins and your whole existence (and possibly of others, too) depends on it, then (again, if you have half a brain) you wouldn't even for a second think about using any light wallet or keeping it at an exchange or doing anything less secure than the best. Then you would keep all your devices encrypted, you would use multi-factor authentication and your main worry would be that you forget your very long and very hard to remember passwords because you of course weren't that stupid to write it down. Then even the "low valued" fork is worth enough to live off it for the rest of your life. Then if there is even a small chance that the new fork might replace the original bitcoin you wouldn't even for a second think about selling it. Then you would think and behave totally differently. I make sure my BTC are moved somewhere safe first and if you had $1m worth then you are stupid if you don't use a hardware wallet and have your recovery seed written down and saved somewhere highly secure and in a fire safe of similar. Plus if you had that much then running a full node won't be a problem but most users don't have that much or anywhere close to that |
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johnsmithx
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September 29, 2017, 04:50:54 PM |
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I make sure my BTC are moved somewhere safe first and if you had $1m worth then you are stupid if you don't use a hardware wallet and have your recovery seed written down and saved somewhere highly secure and in a fire safe of similar.
Sure everybody makes their own security paradigm, but there might be a difference between how you are imagining it now and how it would really be if you were in that situation. It's like those fingerprint sensors that are so popular these days. Many people probably think it's so super secure to authenticate using their fingerprints because they are spoon-fed it by all the advertisement but they don't actually think about it much because they don't really have anything that valuable to protect anyway. So they don't realize that fingerprint auth is the worst possible security scheme as you leave your fingerprints everywhere including on the device itself. A password at least needs to be beaten out of you, a fingerprint can be taken from anything you ever touched and in a few seconds can be used to imitate your finger. But people don't think about it because it doesn't really matter anyway, it's all just a game to them. Plus if you had that much then running a full node won't be a problem
I suppose you implying you would be "rich" so some terabyte of wasted storage would be "nothing" (saying in a Tony Montana arrogant voice). And that (this attitude) is exactly why most people who suddenly get rich (like winning a lottery) will lose everything and may end up even worse than they were before. So far I haven't had to touch/sell anything I have, I use a small portion for lending at polo and bitfi and that income alone is enough to live life of leisure and support the whole family. Yet I keep working hard and seemingly there is nothing out of ordinary about me going on. Unless you were into IEMs you wouldn't notice that I am usually wearing SE846 and a few similarly priced small gadgets and you definitely wouldn't notice that that superordinary silverish ring on my finger is in fact made of the most expensive precious metal on this planet. The key is to stay below the radar, from the state, from friends, even (and especially) from your own family. It takes only one single mistake to lose everything and/or to get murdered. And yes I will keep complaining about storage requirements because it's a logical thing to do and how cheap a harddrive is to me has nothing to do with it. Making my wealth obvious either by showing off or arrogant snobbish behavior would be a truly stupid thing to do. |
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Mrpumperitis
Legendary
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Activity: 2716
Merit: 1075
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September 29, 2017, 05:58:51 PM |
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^ some very gd points john... Im expecting a crazy weekend... so im taking a lil break before the craziness begins... i just got the best tech of the decade...SNES MINI  |
Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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September 29, 2017, 09:15:12 PM |
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Cryptocurrency scam alert website Badbitcoin.org has removed popular news and information outlet Bitcoin.com from its ‘Safelist’ of trusted resources.
https://www.reddit.com/r/Bitcoin/comments/3016ho/badbitcoinorg_staked_their_reputation_on/?st=j86dzpwm&sh=e8f70eaf#justsayin' |
Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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September 29, 2017, 09:22:07 PM |
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What the hell is going on?
A self important autist is publicly ragging on a website due to its owner's preference for open choices for all. In other words, nothing. |
Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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tekmobile
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September 29, 2017, 09:23:39 PM |
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Already posted but may have been buried in pointless chitchat same with this one https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/
Now back to what you can do with the BCH generated in your BCH Wallet. We have made it easy and convenient for our users to convert BCH to BTC. This means you can NOW convert the total balance of your BCH Wallet to your BTC Wallet with only one transaction and one click away. Keep in mind that the company will not support BCH after December 14th and you will only be able to convert the total balance of your BCH to BTC before that date.
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Ai7xpressTV
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September 29, 2017, 09:47:26 PM |
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Still hodling my BCH. Will buy more if it struggles.
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tekmobile
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September 29, 2017, 10:04:43 PM |
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Already posted but may have been buried in pointless chitchat same with this one https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/
Now back to what you can do with the BCH generated in your BCH Wallet. We have made it easy and convenient for our users to convert BCH to BTC. This means you can NOW convert the total balance of your BCH Wallet to your BTC Wallet with only one transaction and one click away. Keep in mind that the company will not support BCH after December 14th and you will only be able to convert the total balance of your BCH to BTC before that date.
It is interesting wording that one "convert to BTC". I wonder what it actually means? They will keep the BCH themselves and buy BTC on the market and give to users? The more important questionis, will they be selling the BCH or keep it for themselves for the future when BCH becomes "Bitcoin"? Or will they just use Shapeshift or something similar and sell the BCH on the market, the instant user "converts" it to BTC? Hm... hm... any guesses?   It means that the users have until that deadline to either trade for BTC or withdraw their BCH if not done by the deadline then it will be auto sold and credited to their account in BTC |
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tekmobile
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September 29, 2017, 10:09:41 PM
Last edit: September 29, 2017, 10:39:48 PM by tekmobile |
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Its looking like another hyper round is coming the guaranteed difficulty is to drop way below what it needs to be slightly profitable
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bones261
Legendary
Offline
Activity: 1806
Merit: 1826
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September 29, 2017, 11:40:04 PM
Last edit: September 29, 2017, 11:51:18 PM by bones261 |
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Its looking like another hyper round is coming the guaranteed difficulty is to drop way below what it needs to be slightly profitable
Yippie, vulture miners love hyper blocks.  Will be keeping a close eye on this. Wonder when the magical mystery miners will return. Have they thrown in the towel?  Edit:17Wk4GPKw9nZ9PbspzaxN3fv1L2m9NA9dg just mined a block. They're here. https://www.youtube.com/watch?v=CVC2vyVCWJI |
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tekmobile
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September 29, 2017, 11:53:05 PM |
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Its looking like another hyper round is coming the guaranteed difficulty is to drop way below what it needs to be slightly profitable
Yippie, vulture miners love hyper blocks. Will be keeping a close eye on this. Wonder when the magical mystery miners will return. Have they thrown in the towel? Edit:17Wk4GPKw9nZ9PbspzaxN3fv1L2m9NA9dg just mined a block. They're here. https://www.youtube.com/watch?v=CVC2vyVCWJIIf ive worked it out correctly (probably not but lets see how close I am) its gonna be about 6% difficulty of the BTC chain |
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cointerstrike
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September 29, 2017, 11:56:00 PM |
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I have seen news that there will be a breakup in the bitcoin. The name of the new coin is said to be bitcoin gold. Is the news real? Or is it fake? Can you inform me?
Thank you in advance.
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tekmobile
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September 29, 2017, 11:57:27 PM |
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I have seen news that there will be a breakup in the bitcoin. The name of the new coin is said to be bitcoin gold. Is the news real? Or is it fake? Can you inform me?
Thank you in advance.
Its just another alt coin nothing to worry about no threat its cot competing against any bitcoin |
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