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Showing 17 of 17 results by Ciremik
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Topic
Board Bitcoin Discussion
Re: Why Bitcoin is better than Cash.
by
Ciremik
on 31/03/2018, 19:55:55 UTC
Say if you deposit cash over and over again into your bank account then what happens? The bank will think you are a suspicious subject and you would be limited for any financial acitivities such as keeping your own deposit or buying a house unless you prove you have a legitimate source of your income.
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Topic
Board Trading Discussion
What is BTC dominace rate ?
by
Ciremik
on 30/03/2018, 03:14:27 UTC
Currently, total marketcap is declining but BTC dominance rate is increasing. Could anyone tell me what is BTC dominance rate ? Is it good thing to bitcoin, but not to alt coin?
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Topic
Board Bitcoin Discussion
Re: Bitcoin price increasing but Market Cap is the same
by
Ciremik
on 10/03/2018, 02:00:04 UTC
I see market cap looks the same or not much increase, but the bitcoin goes towards 10k.
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Topic
Board Bitcoin Discussion
Bitcoin price increasing but Market Cap is the same
by
Ciremik
on 09/03/2018, 14:31:44 UTC
Currently, 03-09-2018, the Bitcoin price increasing but Market Cap is the same. What does this mean ?
Does it mean few people or group buy bitcoins?

Post
Topic
Board Economics
Re: Porsche introduces blockchain to cars
by
Ciremik
on 26/02/2018, 23:11:08 UTC
I beleive this is the same kind of movement that Volkswagen does now. https://cointelegraph.com/news/volkswagen-chief-digital-officer-joins-blockchain-non-profit-board IOTA is involved.  Cool
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Topic
Board Development & Technical Discussion
Re: Will SegWit be enough to reduce fees?
by
Ciremik
on 23/02/2018, 23:43:43 UTC
According to research released in late 2015, U.K.-based Magister Advisors, a financial institution which focuses on facilitating mergers and acquisitions in the technology sector, explained that bitcoin could become the sixth largest reserve currency by 2030.

Bitcoin’s biggest hindrance for achieving mainstream adoption is still scalability. Once the Bitcoin Core development team’s scaling and transaction malleability solution Segregated Witness (SegWit) becomes integrated by major wallet platforms and the majority of transactions are facilitated as SegWit-enabled payments, bitcoin block size and transaction fees will likely decrease significantly, making the network more attractive to new users.

The article above is from [https://coinjournal.net/can-bitcoin-become-major-reserve-currency-2030/].

A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves. The reserve currency is commonly used in international transactions, international investments and all aspects of the global economy.

I believe if above happens the hardware cost and performance would change also - resulting in low fees.
Even if the fees still high, there is no doubt bitcoin becomes main stream currency.
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Topic
Board Bitcoin Discussion
Re: Bitcoin can be hacked?
by
Ciremik
on 16/02/2018, 05:12:49 UTC
Quote
If somebody will get 51% of hashrate then technologically also possible. You can also learn about all bitcoin weaknesses from http://en.bitcoinwiki.org/Bitcoin_weaknesses
I saw about this discussion on youtube that it might happen when bitcoin miner double spends the money and they started make another transaction then trying to confirm it - but however I believe this could be prevented if payment recipient makes sure the transaction gets confirmed more than 6 times.  
Post
Topic
Board Beginners & Help
Re: How do decentralized exchanges work?
by
Ciremik
on 16/02/2018, 04:57:36 UTC
FYI, some decentralized exchanges like bisq requires users to deposit escrow and it would be held until transaction completes and both parties agrees.
Post
Topic
Board Economics
What is bitcoin backed by?
by
Ciremik
on 13/02/2018, 00:14:06 UTC
People believe bitcoin is backed by nothing. I think that is not the truth. I believe bitcoin is actually backed by people themselves. It is backed by none other than just you. We all witnessed the price has been fluctuating by all those FUDs and bad news. The price changes by emotion and non logical facts. I believe you hold bitcoin no matter what happened and would happen, and believe it is backed by all of us, it would make a history.  Cool
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Topic
Board Bitcoin Technical Support
Re: Where i can find my wallet.dat
by
Ciremik
on 12/02/2018, 23:48:55 UTC
Could you just “export wallet” and specify [wallet.dat] location to desired location? If possible..
Post
Topic
Board Development & Technical Discussion
Re: Proof of Stake Bitcoin?
by
Ciremik
on 06/02/2018, 13:31:49 UTC
It would be better that only small portion of bicoin goes for pos system that could be used for voting system to make and allow users to participate future decisions. It might prevent all those hard fork political movements/attemps, and there are such crypto currencies already like DECRED coin out there that has the pos +pow mechanism but it is not much popular as bitcoin.
Post
Topic
Board Beginners & Help
Re: Finney. How to withdraw?
by
Ciremik
on 03/02/2018, 23:20:16 UTC
Finneys as in ETH micro payment? Why dont you deposit more and withdraw all, wouldnt ETH charge you gas though?
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Topic
Board Trading Discussion
What real investors did last night
by
Ciremik
on 02/02/2018, 18:01:32 UTC
Post
Topic
Board 한국어 (Korean)
Re: 뉴비 맴버에서 벗어나는 법
by
Ciremik
on 02/02/2018, 17:31:36 UTC
답변 포스팅도 포스팅인가요? newbie 는 시그니처도 제한되는것 같아요. 시그니처에 airdrop 관련 링크를 올리고 싶은데 글자 수 때문에 제한이 되네요.

Post
Topic
Board Bitcoin Discussion
Re: Wake up! Don't sell your crypto.
by
Ciremik
on 02/02/2018, 17:24:33 UTC
I believe this kind of dip happened every January of the year, and people would come back buy again with their tax return money soon. My only regret is that I did not buy bitcoin last year around this time when the price went down to $1700 - people got shocked by the price at that time like today.

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Topic
Board Meta
Re: How to edit location?
by
Ciremik
on 02/02/2018, 05:16:58 UTC
Location does not matter if you have your wallet backed-up or you have your private key.

You might want to backup your wallet that would create a file to the folder you specify, then later you could restore wallet with such file.
Or you could just export your private key and store it in the safe place you choose.

dumpprivkey

Above would generate your private key.



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⚡ Join DeepOnion Airdrop NOW! ⚡
Post
Topic
Board 대체코인 Alt Coins (한국어)
Vertcoin(벌트코인) 이란?
by
Ciremik
on 16/11/2017, 22:06:11 UTC