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Showing 20 of 273 results by LucioTan
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Topic
Board Economics
Re: How to save money.
by
LucioTan
on 22/07/2016, 10:17:23 UTC
One of the best saving strategies is to pay yourself first. What this means is that you designate a certain amount of your paycheque as your pay (how novel) and you pay that money to yourself before you pay your bills or anyone else. This amount can be $25, $100 or maybe 10% of your paycheque. It can be any amount that you decide. The important part is that you pay yourself first rather than last. Most people pay all of the bills first and then save anything that might be left over. For most people, that method of saving doesn’t really work because nothing is left over to save.

If you pay yourself first, then money will get saved because paying yourself is now your first priority. The nice thing about this method is if your budget is a little tight, it forces you to make adjustments elsewhere and your savings continue to grow.

Paying yourself first also makes sense. Why are you going to work everyday anyway? To earn money for someone else? No way. You go to work to earn money for you and your family. That’s why you should pay yourself first—to make sure that your first priority is taken care of: you. It is not likely that anyone else is going to take care of you because they assume that you are taking care of yourself.
Post
Topic
Board Economics
Re: How too get rich
by
LucioTan
on 22/07/2016, 09:17:30 UTC
1. Put money in the stock market.
2. Save money for retirement.
3. Invest in real estate.
4. Invest your time.
5. Avoid purchases that are likely to depreciate rapidly.
6. Don't spend money on stupid stuff.
7. Stay rich.

Wealth: everyone wants it, but few people actually know what they need to do in order to get wealth. Becoming rich takes a combination of luck, skill, and patience. You have to be at least a little lucky; you build on that luck with your skillful decisions, and then you continue weathering the storm as your wealth grows. There's no reason to lie to you: getting rich isn't easy, but with a little bit of perseverance and the right information, it's definitely possible.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping
by
LucioTan
on 22/07/2016, 09:02:20 UTC
Factom Get a handle on disparate data, conduct in-depth analysis, and discover more valuable insights in a unified, customizable environment. Sync legacy systems, communicate easily with partners, and meet regulatory mandates. Have meaningful trade oversight by monitoring risk exposure in real time. It is a “Distributed Network of Authority” vs a traditional “Certification Authority”. By decentralizing a hackers point of attack, it becomes exponentially more difficult to spoof a Certificate of Authority.
Post
Topic
Board Mining
Re: Cheap electricity
by
LucioTan
on 22/07/2016, 07:47:18 UTC
A new initiative, Scaling Off-Grid Energy: A Grand Challenge for Development, will invest US$36 million to empower entrepreneurs and investors to connect 20 million households in Sub-Saharan Africa with off-grid energy by 2030.
 
The initiative was announced at the US Global Entrepreneurship Summit last month (23 June) by USAID administrator Gayle Smith.

[NAIROBI] A new initiative, Scaling Off-Grid Energy: A Grand Challenge for Development, will invest US$36 million to empower entrepreneurs and investors to connect 20 million households in Sub-Saharan Africa with off-grid energy by 2030.
 
The initiative was announced at the US Global Entrepreneurship Summit last month (23 June) by USAID administrator Gayle Smith.
“Most countries are unlikely to connect their entire populations to grid electricity for years, if not decades”

Chris Jurgens, Center for Transformational Partnerships at USAID and Scaling Off Grid Energy: A Grand Challenge for Development
Power Africa, initiated in 2013 by US President Barack Obama to increasing access to electricity across Africa, and USAID's U.S. Global Development Lab have launched the initiative to empower entrepreneurs and investors to grow a market and connect households living outside the electricity grid with modern, clean and affordable electricity.
 
Partnering with the U.K’s Department for International Development and the Shell Foundation, the initiative aims to build a vibrant market across Sub-Saharan Africa by supporting growth of innovative entrepreneurs to make off-grid solutions affordable for rural families with profitable business ventures as well as catalyse private investments for them to spread to new markets.
 
The Grand Challenge is also set to drive new technological innovation to address market growth constraints in specific countries.
 
Chris Jurgens, director of the Center for Transformational Partnerships at USAID and Scaling Off Grid Energy: A Grand Challenge for Development leader tells SciDev.Net that over 600 million people in Sub-Saharan Africa do not access electricity.
 
“Most countries are unlikely to connect their entire populations to grid electricity for years, if not decades. As a result, many households rely on expensive, polluting, and unsafe kerosene and diesel for their energy needs,” he says.
 
Off-grid clean energy solutions, he explains, provide a market-based, cost-effective way to access electricity for communities off connections. “Off-grid solutions help improve quality of life for households by providing clean, reliable energy that can do everything from lighting up the night for children to do their school work to charging cell phones and running household appliances.”
 
He says off-grid renewable energy solutions, especially household solar sector, is critical to reaching that goal “as the cost of solar technologies is rapidly falling, while the cost of alternatives such as kerosene is rising, making the economics more attractive.” But they are open to supporting other low-cost, renewable energy solutions.
 
They will provide early-stage entrepreneurs with technical support, financial access, drive customer demand, strengthen the marketplace for off-grid solutions and address market barriers.
 
Jurgens says, “Energy access affects us all, but women disproportionately face the greatest energy challenges, and it affects education and economic opportunities.”
 
He adds:  “When women and girls spend their daylight hours gathering firewood and other household chores, they miss out on participating in other activities like education and economic ventures.”
 
Shashank Verma, Head of Advisory Services at the UK-based Global Village Energy Partnership, says Off-Grid Energy Challenge is a welcome initiative. “It is incentivising productive power applications like solar refrigeration, which has huge potential to add value to agri-value chains and create additional income for low-income communities”.
Post
Topic
Board Economics
Re: Bitcoin or Gold? What would you pick?
by
LucioTan
on 22/07/2016, 07:17:10 UTC
As you can see, it’s difficult to declare a clear winner in this hard-money rumble. Much of gold and bitcoin’s value is speculative, based on investors’ predictions about how political events are likely to unfold. And politics is even harder to predict than profits, which is why so many mainstream economists and financial advisors recommend that you keep only a very small portion of your wealth in alternative investments like gold and bitcoin.
Post
Topic
Board Development & Technical Discussion
Re: changing qt wallet design?
by
LucioTan
on 22/07/2016, 07:02:18 UTC
The plan is that we have a simple webinterface (PHP-based) where we enter the receiver, the amount, the username (will correspond to the name of the wallet file) and the wallet password. The script would then send the data to bitcoin-qt (or whatever we use) which will then execute the transaction. Also, it should be possible to view the amount of BTC that each wallet has (After entering the password of course).
Post
Topic
Board Marketplace
Re: What would you like to buy?
by
LucioTan
on 22/07/2016, 06:42:09 UTC
Dressage saddle.. been ripping hair out trying to find one but the budget is tight, the saddle we have is lovely but i need a deeper sit

oh and lots of sausage boots since Levi likes to kill them! its so hard to feed a new strap throw them! but its cheaper then leg damage!

And Everything that I need in my life also a computer hahahahahahahaha Cheesy
Post
Topic
Board Politics & Society
Re: "NSFW" - God punishes gay sex by sending earthquakes.
by
LucioTan
on 22/07/2016, 06:02:46 UTC
If a man also lie with mankind as he lieth with a woman, both of them have committed an abomination. They shall surely be put to death: their blood shall be upon them. - Leviticus 20:13 and We believe that what God Jesus Said is everything correct we all men shall abide his law for us to become successful many of people today can get out of it proving themselves that they right but not Smiley
Post
Topic
Board Off-topic
Re: Will you quit your day job to go full time on bitcoin?
by
LucioTan
on 22/07/2016, 05:30:11 UTC
$1000 could be a very brief situation. If you have a majority of your bitcoins still in bitcoin, dont quit your job yet. It could turn around just as fast, if not faster, than we got here. Dont go out and purchase fast cars, yachts houses unless you pay it entirely in cash, and make sure you tell the tax man so you are left over with no debt at all. You dont want to be the one who literately ends up considering suicide because a stock or something similar you bet everything on collapsed. You dont want to be that guy.
Post
Topic
Board Development & Technical Discussion
Re: Paper wallet printed
by
LucioTan
on 22/07/2016, 05:15:23 UTC
Paper wallets are universally regarded as the most secure way to store bitcoin

Piper makes creating paper wallets as easy as pressing a button

If you invest in bitcoin ... it could be a lifesaver.

It could be a great help for everyonne who use to bitcoin Smiley
Post
Topic
Board Gambling discussion
Re: What's the easiest sport to win bets at?
by
LucioTan
on 22/07/2016, 04:08:43 UTC
Basketball i think because you will know if that team are strong because o his line up in other sports it is very unpredictable i suggest bet to the sports that you are familiar in that way you have a chance to win but sportsbetting is a gambling like basketball there's no easy bsdket but its up to you just trust trust your luck Smiley
Post
Topic
Board Marketplace
Re: Trojan Wallet stealer be careful
by
LucioTan
on 22/07/2016, 03:22:18 UTC
Bitcoin sounds like a decent enough idea — a privacy-focused, cash-like digital currency. It’s got a few fundamental problems, however, not the least of which is that, by default, the digital wallet in which your coins are stored sits unencrypted on your hard drive. That means its contents are totally exposed to anyone with access to your files and they only need to take the wallet.dat file and all your Bitcoins become theirs.

That’s precisely what happened recently when nearly half a million dollars in coins were stolen from a longtime Bitcoin user — and that’s not going to be the last such theft you hear about. Where there’s money to be grifted, you’ll find malware authors hard at work.

Symantec has announced the discovery of a trojan which specifically targets Bitcoin wallets. Once the trojan code finds its way onto a victim’s computer, all it has to do is locate the wallet.dat file and then upload it to the remote drop-off point via FTP. Unlike other trojans which aim to steal online banking or credit card account details or login credentials, there’s a shorter path to the payoff.

And because cybercriminals tend to modify their creations fairly frequently, Symantec fully expects this particular bit of malicious code to find its way into existing malware due to the current buzz surrounding Bitcoin.

If you’re a Bitcoin user, take appropriate steps to protect your wallet — make sure the file is encrypted and locked up with a good, strong password. That way even if someone does manage to pilfer your wallet he or she won’t be able to access its content.
Post
Topic
Board Economics
Re: [CHART] Bitcoin Inflation vs. Time
by
LucioTan
on 22/07/2016, 03:08:25 UTC
Traditional economists have mostly all dismissed Bitcoin as a poor example of money based on a three-part definition: store of value, unit of account and medium of exchange. I just finished a romp through Charles Wheelan’s “naked money” and subsequently but coincidentally jusneth’s article Suitertunity Cost, The Longitudinal Price Paid to Invest in Libertarian Ideology, which both actually relate to each other fairly well. So much so that you’d be forgiven for thinking that jusneth had also just completed this book and written his thesis directly upon this Introduction to Money 101. The one unsettling thought I’ve had though since completing these readings is that they both resolved on a common thought: Bitcoin is not really money. It’s purely an experimental tool that has one purpose, which is that of regulatory arbitrage. I don’t have nearly the economics background of Mr. Wheelan, but let’s not pretend like the Fed is any less of an experiment than Bitcoin.
Post
Topic
Board Development & Technical Discussion
Re: Scaling Bitcoin with Subchains
by
LucioTan
on 22/07/2016, 02:53:11 UTC
I briefly mentioned something about this on the bitcoin-dev IRC room. In
general, it seems experts are against using
sidechains as a way of scaling. As I only have a high level understanding
of the Bitcoin protocol, I cannot be sure if what I want to do is actually
defined as a side chain, but let me just propose it, and please let me know
whether it can work, and if not why not (I'm not scared of digging into
more technical resources in order to fully understand). I do have a good
academic/practical background for Bitcoin, and I'm ready to contribute code
if needed (one of my contributions includes a paper wallet creator written
in C).

The main problem I see with increasing the block size limit is that it
increases the amount of storage required to fully validate all transactions
for say 100 years (a person's life). With 1 MB blocks, you can store all
lifetime transactions on a 5 TB drive, which basically any regular user can
do. With 10 MB blocks, you need a 50 TB drive, not accessible for regular
users. Yes, it's possible that in the future hard drive technology will get
cheaper and smaller, but this still didn't happen, so we can't just say "it
should be doable at the rate of Moore's law etc...", we need to know that
it is accessible for everyone, now. Also, don't forget that human life
expectancy can increase with time as well. I know, it sounds silly to use a
human lifetime as a measurement of how far back each user should be able to
store transactions for, but what is a better measurement? This is a
technology made for people i.e. humans, right, and the important part is
that it is for regular people and not just well privileged people. You can
search my last four emails for some more calculations.

What sipa told me on the IRC channel is that Bitcoin Core does not care
about old transactions. It only looks at the current blocks. Yes, that
makes sense, but how do you know that your machine wasn't compromised when
validating the previous blocks? And what if you want to check some old
transactions (assuming you didn't index everything)? What if some of your
old transaction data was lost or corrupted? I think it is clear that it is
useful to be able to validate all blocks (since 100 years) rather than just
a pruned part. It empowers people to have as much information about Bitcoin
transactions as do large data centers; transactions that may include
government or corporate corruption. This is the key to how Bitcoin enables
transparency for those who should be transparent (individual users with
private addresses can still remain anonymous). Also, 5 TB takes about 20
days to sync starting fresh, on a regular computer, so it allows easy entry
into the system.

So assuming we agree that people should be able to store ~ a lifetime of
transactions, then we need 1 MB blocks. But of course, this leads to huge
transaction costs, and small purchases will be out of limits. So to fix
this, I propose adding a 10 1 MB chains below the main chain (sorry on the
IRC room I said 10 10 MB chains by mistake), so effectively, you have a new
10 MB chain that is partitioned into 10 parts. You can also add a third
level: 100 1 MB chains, and keep going like that. The idea is that when you
make a large transaction, you put it through the top chain; when you make a
medium sized transaction, you put it through one of the middle chains,
which will be verified (mined) by the middle chain, and the top chain will
verify the aggregate transactions of the middle chain. If you have a small
sized transaction, you put it through one of the bottom chains, the bottom
chain verifies it, the middle chain verifies the aggregate transactions of
the bottom chain, and the top chain verifies the aggregate transactions of
the middle chain. By aggregate transaction, I mean the net result of
multiple transactions, and I suppose it can be 20 transactions belonging
only to one "sibling" chain for level 2, or 200 transactions for level 3,
etc...

Now, how does the system decide to which of the 10 chains the middle sized
transaction goes to? I propose just taking some simple function of the
input addresses mod 10, so that you can just keep randomly generating a
wallet until you get one with only addresses that map to only one of the 10
chains (even distribution), so that someone can choose one of the 10
chains, and store only the transactions that belong to that chain. They
should also choose a chain from level 3, etc... So in effect, they will be
storing a chain with block size O(n) where n is the number of levels. They
may store multiple sibling chains at one level, if they want to track of
other people's transactions, such as those of their government MP, or
perhaps, they want to have a separate identity that would be more anonymous
with a separate series of sibling chains. This will increase the storage
size, but the increase will be proportional to the number of things you
want to keep track of (at least this kind of system gives you the ability
to fine tune your storage needs to the level of "things" you want to keep
track of). Also, note that there may likely be duplication of transactions,
since transactions can include addresses that are associated with different
silbling chains, but this effect shouldn't make a big difference, and again
will depend on the complexity of the transactions you want to keep track of.

So how can this work? I propose that we keep the current chain as the top
chain, and then create 10 level 2 chains that also store Bitcoin and the
Bitcoin can be transferred between chains (I think this is the idea of
sidechains). How can we incentivize people to keep mining on the level 1
chain? Perhaps force it into the (soft fork) protocol that anyone mining on
level 2, has to also mine on level 1, and in general, anyone mining on
level n+1 has to also mine on levels n,n-1,...,1. Also, level 1 will have
the best decentralization, so there should be enough people paying fees to
get transactions there for their large transactions that require a high
level of security and trust. Even if people stop using level 1, any bitcoin
you own in the level 1 chain, can be transferred to level 2, and still you
have 1 MB blocks due to the partitioning scheme. How to prevent
transactions from clustering on one or a few sibling chains in a
particular level? Well the more empty chains should have lower fees, so
that should incentivize people... Note: This system also allows for the
fine tuning of the transaction size to security ratio. Yes the lower chains
will be less secure, but a lower sized transaction does not need as much
security.

For instant transactions, there can also be Lightning channels linked to
whatever level of chain you want.

OK so it seems to me that this can work and would only require a soft fork.
But, as I said, I only have a high level understanding of the Bitcoin
protocol, so it feels kind of too good to be true, and I am ready for heavy
criticism. I am only writing this because I care about Bitcoin and I want
it to remain decentralized and become the best that it can be. I think it
is important to do the right thing rather than (as most people naturally
do) the most convenient thing.
Post
Topic
Board Bitcoin Technical Support
Re: transaction fee advice
by
LucioTan
on 22/07/2016, 01:54:39 UTC
This is a Block chain Quick Bit, where we cover the basics of a topic, or product, to help you understand it better. This Quick Bit is intended to help you learn about bitcoin transaction fees. Bitcoin transaction fees are one of the many benefits for consumers and merchants to utilize bitcoin, and is an attractive aspect of the digital currency. Currently bitcoin transaction fees can average to around .04 cents USD (or 0.0001 BTC) per transaction. Bitcoin transactions are in place as an incentive to miners when validating bitcoin blocks. One of the reasons there is a fee is because the larger the transaction data size, the longer and more energy it will take miners to validate the data. Transactions with higher transaction fees tend to be validated faster in the block chain. Conversely, transactions with low or zero transaction fees tend to be validated more slowly, or eventually will get rejected. It is extremely important to note that a transaction may be safely sent without fees if these conditions are met

It is smaller than 1,000 bytes.
All outputs are 0.01 BTC or larger.
Its priority is large enough

based on what I read with the Quick Bit Website..  Grin Grin Grin Grin Grin Grin Grin Grin Grin
Post
Topic
Board Mining
Re: Help me and guide me
by
LucioTan
on 22/07/2016, 01:38:09 UTC
Based on what I read above comments, there is no way on mining bitcoin on hand or papers, so it is easy bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. it means that we can only use a cardless atm by means of that we can withdraw and generate our funds that we invested for a long time using differrent apps to get coins.
Post
Topic
Board Off-topic
Re: I will invest!
by
LucioTan
on 22/07/2016, 01:22:17 UTC
I will try first to invest on bitcoin, First was must be first things to learn about and how these things can help me become successful on this bitcoin. Can somebody or someone help me things to learn and to understand and what is the the specific use of bitcoin, how can I earn money on this kind of money business. What sort of information must I know in order to become well known with this kind of monetary business Smiley
Post
Topic
Board Goods
Re: Prevention is better than a cure. Please escrow.
by
LucioTan
on 22/07/2016, 00:47:22 UTC
An escrow is a financial instrument held by a third party on behalf of the other two parties in a transaction. The funds are held by the escrow service until it receives the appropriate written or oral instructions or until obligations have been fulfilled. In order to prevent many different allegations that may cause to sued your bitcoin, I think bitcoin is also an escrow or third party financial instrument the proceed the transaction better use it wisely read all the cautions and carefully follow the rules  Wink
Post
Topic
Board Pilipinas
Re: need to cash out via coins.ph need trusted members
by
LucioTan
on 21/07/2016, 12:52:39 UTC
My advice for you is don't easily put your trust to anyone unless you have known them for a long time and you trust them personaly don't consider or trust the person by just his word i suggest that pm the person who also a bitcoin user and you must have known Him don't trust anyone here just saying
Post
Topic
Board Bitcoin Discussion
Re: Great way to make Bitcoin!
by
LucioTan
on 21/07/2016, 12:19:04 UTC
If you really want to earn a lot of money start to invest in trading you can search it on google about trading or you can watch it on youtube the tips about trading. And also invest your btc on new release HYIP risk are always there but be wise on how you invest your btc in HYIP site especially check there site if it looks like legit risk what you can afford to lose