Search content
Sort by

Showing 4 of 4 results by Olusun
Post
Topic
Board Marketplace (Altcoins)
Re: Exchanging BTC > ETH & ETH > BTC
by
Olusun
on 12/06/2018, 20:30:09 UTC
I don't know if this is something there is a need for. I just wanted to share something that I can do fairly easily if anybody else has obstacles in their way. If you have BTC or ETH and would like ETH or BTC I can happily exchange between the two for you.

I'd like to offer a minimal fee service, just enjoy having something to do that might earn me something while helping someone.

We can probably keep it simple and we'll build from suggestions and lessons learned.

Code:
Have : BTC / ETH
Amount :

Want : ETH / BTC

We can discuss publicly, or through PM whichever better suits your needs. Looking forward to see how this goes. I can escrow funds if anybody is uncomfortable (meaning I put my funds in an escrow while we deal, so your funds are secure), I don't have endless funds, but I'm open for negotiation.
Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin Hack Proof or Not?
by
Olusun
on 12/06/2018, 20:23:44 UTC
As bitcoin and cryptocurrencies are becoming popular every blessed day and have caught the attention of Government and other regulatory authorities looking into how the market could be regulated. A lot of people are entering crypto and often one of the important questions noobs(new) ask is that if they invest in cryptocurrency, is their money and will they not wake one day and their bitcoins are gone. I will try to answer this question and give reasons why bitcoin itself is hack proof.

Bitcoin is a digital currency in which transactions are encrypted using cryptography. The concept was developed in 2009 by an unknown cryptography engineer named Satoshi Nakamoto.He launched this digital currency with a vision to create a peer to peer digital currency that will be free from a central authority or a single administration. These features of bitcoin has made it to gain widespread adoption. Bitcoin itself is hack proof as the technology behind it, the blockchain makes it extremely resistible to hack. Once the blockchain verifies transactions on it, nobody can change the transactions.

But people claim there are still cases of reported bitcoin hacks but here there is misconception to what is referred to as bitcoin hacks. Hacks happen due to compromising of private(owner) key or password to a third party by the person in possession of the bitcoin. What I mean by this is that if you are careless with your wallets; where you save your bitcoin, an hacker or scammer might get access to the email address link to your wallet, access and get away with your bitcoin. People have lost their bitcoin as a result of this. Bitcoin can also be lost during the process of transactions on an exchange. Hackers can simply hijack the exchange and also steal innocent parties bitcoins. A famous example is the hack of Mt Gox Exchange.

So bitcoin itself is almost impossible to hack and it is extremely hack proof, the hacking of bitcoin comes from breach in wallets and transaction processes. It is important to take security measurements to protect one's assets.
Post
Topic
Board Press
Re: [2018-06-12] FORBES: This Could Be The Next Big Thing For The Bitcoin Price
by
Olusun
on 12/06/2018, 20:10:30 UTC
This Could Be The Next Big Thing For The Bitcoin Price

The Bitcoin price has been struggling so far this year, this past weekend dropping more than 10% and taking its year-to-date losses to 50% of its January peak.

There's been a lot of negative news for Bitcoin and cryptocurrencies lately, from cyber hacks, dwindling transactions, sky-high power consumption, and criticism from the world's established financial industry.

But there have been some bright spots too — transaction fees are down, the number of stores accepting Bitcoin both online and in the real world are up, and regulators appear to be favouring a soft touch.

One of the best things for the Bitcoin price this year has been the interest from some of the world's biggest trading platforms and exchanges — with at least two expected to announce they will soon allow large investors to buy and hold Bitcoin.

Read more: https://www.forbes.com/sites/billybambrough/2018/06/12/this-could-be-the-next-big-thing-for-the-bitcoin-price/#58e102a733f3
Post
Topic
Board Press
Re: [2018-06-11]Bitcoin's Price Is Below $7K And (Some) Hodlers Aren't So Happy
by
Olusun
on 12/06/2018, 19:29:39 UTC
The price of bitcoin hit a two-month low over the weekend – and social media is alight with speculation about it.

While pundits don't quite agree on the circumstances behind the plunge (with some blaming reports of a widening manipulation crackdown, the hack of South Korean crypto exchange Coinrail or just some pre-week selling), what's clear is that the price move has acted as a kind of social thunderbolt for the community, spurring commentary from all sides.

Investor Alistair Milne ran a Twitter poll on Sunday soliciting input on what people thought sparked the dip – in perhaps a sign of the times, half of the roughly 3,700 respondents blamed "aliens" with 9 percent and 12 percent blaming the Coinrail hack and the CFTC subpoenas, respectively.

See more: https://www.coindesk.com/why-bitcoins-price-7k-social-media-some-arent-happy/

According to CoinDesk's bitcoin price index, Bitcoin fell more than 10 percent over the weekend to a low of $6,647.33 on Sunday. Bitcoin is down about 50 percent this year and more than 60 percent off its all-time high hit on December 17 last year. Since then, bitcoin hasn't consistently hit a technical level people expect of.