So i definitely want to go all in... but i have a question...

Which is the legit crypto citizen?

Cryptocitizen.online
Cryptocitizen.world?

they both have two different contract addresses...

With Bitcoin's price being almost $40,000... It's just making me wonder... now that I'm starting to pour more money into BTC... yeah i just can't help but wonder how secure Bitcoin is.

I understand that the checks and balances with everyone having to go through the ledger and "no cheating" can happen because everyone must agree before a transaction can go through...

But what about if they attack Bitcoin's software instead?

Every miner uses the newest Update... the updates are centralized:

1. It's officially hosted on one site, downloaded at a central location.
2. Not all miners check or look at the code or even work on it -- a few devs do. If those few devs decide to inject malicious code... everyone else is just going to download and implement it.
3. There are no real security checks with the updates -- no formal body of regulators or official code security team is going to check it for malware... yes, it's open source and everyone can view it -- but then you'd need volunteers to check it regularly. Often, people who check the code only do so after everyone updated already.

So I ask, as bitcoin gets more and more expensive and large financial institutions are considering pouring their holdings in ... the people behind the security code are legitimately not as decentralized.

LOL! I'm crying cuz i actually beliebed. I got freaked out on reddit and then i went here and ^_^. WOOT

I don't want the third reich bearing down on my poor soul, so I'll post my selfie too!

Whew. Looks like we're back to normal. But man, that was like a month of that. Eth is still a long way to go before it can be used by everyone in the world for transactions. All it takes is one viral exchange or app to eat up all the resources and make the network too costly to transact in.

BTC can't really fall to that amount. There's too much at stake now. The price of crypto is not like some game where you watch things rise and fall and say that only dumb people sell and smart people hodl.

Because bitcoin is now being used by organizations and it's holding up some foundations and networks, and what not. Maybe in 2013 or something, not a lot of BTC was mined yet, so $100 was a sustainable price. Now the difficulty of bitcoin is so high because so much has been mined... if it falls to $100, then miners would ultimately choose to switch to eth or another lower difficulty coin. $100 is simply not a supportive reward for bitcoin's difficulty. Although, I guess bitcoin's difficulty could fall in the next update to accommodate the drop in price?

I mean like, it's basically 100 gas everyday lol. I thought FCOIN exchange was the problem... but now it's just staying like this.

Cryptokitties part 2 or...?

Thank you for your answer. I had to ask the token group of the token I'm interested in moving to FD.

You're right.

They said that normal ETH transactions require like 21000 gas limit.

But for token transactions, the minimum is actually higher. But it's very hard to find documentation on this minimum, and certainly, ethgasstation.linfo doesn't speak to the token tx minimum because I guess it has to do with smart contracts, which are moer complicated.

So the group told me that the minimum range is between 50,000 to 100,000.

Iz like russian roulette because if you use 50,000 gas limit and it fails, then you lose the gas you tried to use! Which might not be a big deal, like maybe a couple of $0.0x. But when Ethereum gets big again, you're looking at losses int he $x.xx range.

Anyway, someone said to try 100,000 minimum, and you said 150,000 minimum. So I'm going to experiment with that today. . . . hopefully I won't get super burned but whatever.

Thanks again.

Hello,

I'm trying to transfer tokens from my Wallet to ForkDelta. The default setting is 250000 gas limit and 4 gwei.

How do I calculate what the bare minimum needed (without risk of failed transaction) using Ether Gas Station?

I tried 25000 gas limit with 4 gwei but ran out of gas.

If you use the default, it would cost 0.001 eth just to send your tokens from your wallet to ForkDelta. That's kinda crazy.

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Btctalk name: Lovecove
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I'm simply unconvinced that a run because of bitcoin is possible. You'd be talking about a mass failing in fiat that would cause everyone to run to crypto. How does that happen? Only if nuclear war happens or something really huge that causes the dollar and other currencies to fluctuate even more wildly than btc.

It's obvious that fiat is a lot more stable than btc when it comes to price. So that's why people won't honestly keep daily money in crypto. They'd keep it in fiat. they'd keep their "savings" in btc though. This is why there can't be a run on banks for bitcoin unless bitcoin stabilizes in price... which is never happening.

In any investment field, like stocks, bad news always sends prices dumping. Crypto is just more sensitive to that due to the nature of the community.

For MIT, their post is pretty troll. They say that Fedcoin, Facebook, and ToyotaCash (among other coins) will destroy bitcoin :/....

I dunno what they study over there, but it's probably junk LOL. Given that FB recently went down in flames.

But anyway we might as well blame twitter for being able to destroy btc too. inb4 TwitCoin

Given that tradeogre and tradesatoshi are /still/ the only exchanges that have turtlecoin listed... idunno. Is there a point to not keeping them on these exchanges? That's the only way to trade them insofar as i know.

It might be possible in the future for TRTL to get listed on some other exchagnes, but it's unlikely given that it's been 6 months since the coin's inception and yet TradeOgre was an /accidental/ addition, whereas the only official exchange the two creators tried to get on was TradeSatoshi. That's just saying something.

Last they announced, they were attempting to get annexed on some sort of decentralized exchage. That didn't happen.

Of course you want the merit system to be removed. You can't get merit when your posts are like this:


Did you really think you could get rewarded for this? If the merit system went away, you'd automatically rank up despite making mostly posts like this .

I'm definitely going to invest in MangoStartups for being upstanding like this. I can't believe they're still paying us despite all the investment funds being reversed.

It's also great that they're reversing the investments just because the minimum wasn't met.

Definitely going to watch this team.

That's a site that was screaming scam when you look at the domain. They couldn't afford the .com, so they picked the .net keyword... nice.

Be careful of trading bots, and only trust the ones with a reputation. Did you hear about the Binance "hack" a few months ago? It wasn't even a hack. It was just a significant amount of people using a 3rd party bot that decided to steal their coins from binance.... so yeah.

Probably the best thing to do would be to code your own bot. It's cheaper and it's more or less more effective.

I'm not sure why no one mentioned this. But if you're in the US (and maybe other parts of the world), the 0 fee exchange with the cheapest way to replace coins is gdax.

It requires depositing fiat via coinbase, then transferring that fiat into gdax, then use the limit orders to buy your desired alt for 0 fees. After buying your coin you can send your crypto anywhere for free because gdax doesn't charge a withdrawal fee. Literally free of fees.

Well, I was going to say that maybe you haven't been trading long enough to see what happens when BTC pumps hard. But then, again, you're a Hero Member, which means you've been on bitcointalk and in crypto for like a year... So I guess you've seen more than me =)

in my own experience, when BTC rallies hard, like last Nov/Dec, alts just take a beating because everyone FOMOs into BTC. And then went BTC crashes hard, alts crash too.

But there's a golden median, when BTC rallies slowly and gradually, then alts get to flourish alongside it.

Anyway, I'm sure you have better experience trading in crypto, so it would be great to hear your insight on what happens when BTC rallies hard and when alts rallied harder with it. I would really like to know -- it sounds like a dream. I'd like to investigate such a time period and see what variables existed then to cause the ideal rally-to-rally.

What you say also makes sense, I guess. Maybe we're in for a correction. It's kind of hard to look through crypto news because it's just so much crowd-pleasing. Everyone just wants to talk about the current moment rather than the possibilities ahead for FOMO and FUD.

But i do see some new FUD, like Coinbase now suspending trading for certain groups (Wikileaks shop). And also the EU going for stricter regs: https://www.ccn.com/european-union-votes-for-closer-regulation-of-cryptocurrencies/