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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bit tired
on 05/11/2016, 00:55:14 UTC
We're going to keep hearing "Chiba bans Bitcoin" until they actually do.

I do not want to be a dick, but this is a really good read about all this China FUD http://fintekneeks.com/zerohedge-fakes-bitcoin-panic/. Especially the part, where they point to the fact, that China had a +buy volume during the selling, and how insignificant bitcoin is in a 100 trillion market.

Just a thought.

There's another really good read about all the FUD here.

It explains it was FUD then points out that during bull runs these fake China bans Bitcoin stories often appear in the news, but it never gets banned. Zerohedge lost some credibility in return for making some money from shorting. That's the real reason it published that FUD.

https://news.bitcoin.com/reports-china-bitcoin-exaggerated/

Quote
Furthermore historically when the price of Bitcoin rises stories of China and other countries banning Bitcoin have appeared in great number. When Bitcoin was on a tear in 2013 reaching close to $1150 per BTC, these stories came out often. Publications like Bloomberg reported on China cracking down on Bitcoin as well as Forbes, the New York Times, and many others. Typically when these reports published, the price took a dive, but government officials banning Bitcoin never materialized.
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Board Announcements (Altcoins)
Re: [ANN] UR - Distributed Via A World-wide Airdrop, Based on Ethereum
by
bit tired
on 17/10/2016, 18:14:49 UTC
Interesting. Another reason that I should finally upgrade my flip phone. Cheesy
congratulations ,you got a new cellphone.

Not yet. I'm still trying to bring myself to spending the extra money. However, my flip phone is starting to become a joke that I tell to my friends.  Cheesy

Now back on topic. OP, this Airdrop distribution fund. Will it be an automated function of the blockchain, or will human actors be in total control of the fund? I just want to know what measures will be taken that would prevent human actors from distributing a substantial portion of the funds to themselves, dump and move on. I know that it will be transparent. But a fast move by a bad actor can take a matter of minutes and not give time for the community to react.

Edit: I see that the OP answers this question. Sort of.
Q: How do we know the UFF Funds won’t be dumped on an exchange?
A: The UFF funds will be trackable through publicly auditable addresses and announced transactions.

But will this be enforceable by a well written smart contract? Some other function of the blockchain? Otherwise, it involves us absolutely trusting the individual(s) who have control of the private keys for the addresses of the fund.

If can't understand how the dev can use a well written smart contract to secure the UFF Funds without trusting some humans in control of multi-sig private keys. If the dev decides who those humans will be there's the risk he could collude with them to dump the UFF Funds.


UFF fund transfers will be announced on the UR.technology website to users who 1. publicly identify themselves and 2. their UR addresses. The process is not governed by a smart contract, but is nevertheless publicly verifiable.

So we have to trust you not to dump all the UFF Funds, and the only reassurance we have that you won't dump is an address you will publish containing those funds? If you choose to dump 99.9% of people won't notice for hours.
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Board Announcements (Altcoins)
Re: [ANN] UR - Distributed Via A World-wide Airdrop, Based on Ethereum
by
bit tired
on 17/10/2016, 17:17:31 UTC
Interesting. Another reason that I should finally upgrade my flip phone. Cheesy
congratulations ,you got a new cellphone.

Not yet. I'm still trying to bring myself to spending the extra money. However, my flip phone is starting to become a joke that I tell to my friends.  Cheesy

Now back on topic. OP, this Airdrop distribution fund. Will it be an automated function of the blockchain, or will human actors be in total control of the fund? I just want to know what measures will be taken that would prevent human actors from distributing a substantial portion of the funds to themselves, dump and move on. I know that it will be transparent. But a fast move by a bad actor can take a matter of minutes and not give time for the community to react.

Edit: I see that the OP answers this question. Sort of.
Q: How do we know the UFF Funds won’t be dumped on an exchange?
A: The UFF funds will be trackable through publicly auditable addresses and announced transactions.

But will this be enforceable by a well written smart contract? Some other function of the blockchain? Otherwise, it involves us absolutely trusting the individual(s) who have control of the private keys for the addresses of the fund.

If can't understand how the dev can use a well written smart contract to secure the UFF Funds without trusting some humans in control of multi-sig private keys. If the dev decides who those humans will be there's the risk he could collude with them to dump the UFF Funds.
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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bit tired
on 12/08/2016, 09:51:43 UTC
here we goooooooooooo, 520 now!  Cool
pump up that music play it to load
and ready your fiat!


adam 520 what?  Huh
Are you talking euros?

The price can do anything. I remember after the first Gox coin auction it crashed, then after a subsequent auction it pumped, although everyone was expecting it to crash like the first time. There was a crash after Bitstamp reopened after its hack, and Adam might be expecting a similar crash now Bitfinex has reopened. However, it might do the opposite like with the Gox coin auctions.
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Board Altcoin Discussion
Re: Can the ETH Hard Fork Fail?
by
bit tired
on 20/07/2016, 10:28:44 UTC

The DAO was hacked or exploited, and everyone who threw money at it thought it was totally secure. Maybe the same might happen to the ETH hard fork. It might be hacked or exploited somehow. Poloniex is taking no chances, it's turned off deposits and withdrawals until it's sure the fork is successful.
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Board Announcements (Altcoins)
Re: [ANN][DCR] Decred - Hybrid PoW/PoS | btcsuite Devs | Tons of New Features | Go
by
bit tired
on 16/07/2016, 20:30:18 UTC
is there a gui wallet for decred yet ?

Still in development, hopefully a working GUI wallet will be available by the end of this year.

at this speed more likely GUI will be finish at the end of 21st century  Grin I will say my great-great-great-great grandsons that download it  Grin

When they do finally make a wallet with a working GUI available the price will probably pump. Ordinary people will start getting interested if they can install a GUI wallet, then they will start buying. Until the wallet is available it will be mostly people with command line skills taking an interest, and they have already bought.
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Board Altcoin Discussion
Re: The DAO FAIL
by
bit tired
on 19/06/2016, 11:37:20 UTC

But that is the right price to pay.

Right for whom ? It may be right for DAO investors.

But it isn't right for Ethereum investors, it isn't right for future potential Smart Contract consumers, it isn't right for the cryptocurrency industry in general and it isn't right for developers.

The very architecture of a smart contract blockchain makes the logic of the "Turing Complete" scripting language independent of the logic of the blockchain on which it runs. Kind of like the separation of executive a legislative powers in states. If you decide to p*ss all over that principle just to save yourself embarrassment and investors in a known risky asset from taking a haircut then you just kill it for everybody.

It's different if the remedy comes from within the logic of the DAO code itself. That would be appropriate because that was where the logic failed. But forking at the Ethereum blockchain level is just suicide.

I realise that only the DAO would be affected by the fork but that just makes it even worse because it shows that forks can cherry pick what contracts they want to immute. I'm afraid the damage done in terms of loss of confidence will be irreparable.

If that is bad for the whole crypto currency community, then would the bitcoin holders give some help to the DAO owners so that there will not be a hard fork?

Vitalik dumped a quarter of his share of the ethereum premine. He could use that money to bail out the DAO and stop a hard fork if he believes in his coin. He still has the other three quarters of his share of the ethereum premine. If he believes in his coin he could wait until it recovers to dump the rest.

If he doesn't help out his remaining share of the premine could become worthless.
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Board Altcoin Discussion
Re: Poloniex is randomly blocking IP adresses
by
bit tired
on 19/06/2016, 11:26:22 UTC
Trading is all about split second timing. Having to contact support to get them to whitelist your ip address could take days during which you could lose most of your money. Poloniex should make a statement about the likelyhood of your ip being blocked and the reasons for it.
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Board Altcoin Discussion
Re: [POLL] Time to Fix Crypto ?
by
bit tired
on 19/06/2016, 10:25:20 UTC
There is already the investor-based games section for games where the main factor is whether or not new "investors" join the game. Block-Chain based "Schemes" ..for profit could simply be moved to the investor-based games section.

https://bitcointalk.org/index.php?board=207.0

I prefer to leave things as they are with the exception of moving the most obvious newbie dev scam coins to the investor-based games section. The type of coins with a 50% premine for the newbie dev to continue development should go there.

That section has this prominent thread to warn people of the risk of getting scammed.

ALL LINKS IN THIS SECTION SHOULD BE VIEWED AS SCAM SITES - A WARNING
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bit tired
on 20/12/2015, 17:10:55 UTC
I don't understand why it's crashing. Peonminer said due to the Heikin Ashi ID with EMA 20 there would be no more chances to buy below $465 for a long time. WTF is the Heikin Ashi ID with EMA 20, besides useless?

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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bit tired
on 20/12/2015, 16:44:25 UTC


You did a great job predicting this crash two days ago, then you ruined it with your "450 will hold" post. The Adam reverse indicator doesn't work every time, especially if you make two contradictory predictions close together.


hitting that 465 resistance again and again, who the fuck is nutty enough to break and buy through it? we should head down.... can't paint TOO many bubbles   Grin
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Topic
Board Bitcoin Discussion
Re: Blockchain disruptions
by
bit tired
on 07/12/2015, 11:50:17 UTC
The internet of things is about networking mundane everyday devices like toasters and cookers through the internet. Those devices could use bitcoin for payments. If they break down they cold arrange for a repair man to visit and pay him in advance saving people the trouble of making repair arrangements themselves.
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Board Bitcoin Discussion
Re: Catastrophic Solar Flare Erases All Soft Memory
by
bit tired
on 07/12/2015, 11:28:06 UTC
You can burn 50GB onto a dual-layer blu-ray disc and they are becoming more commonplace now. I haven't checked the size of the blockchain recently but it's not over 50GB yet is it? There must be people doing backups onto blu-ray discs to save them sync time if their wallet's blockchain becomes corrupt. If there was a solar flare those people would come forward with their copies of the blockchain if all else failed.
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Board Announcements (Altcoins)
Re: Qora | 100% POS | Assets | Names | Voting | Automated Transactions
by
bit tired
on 04/07/2015, 11:10:03 UTC
.....

I tried to vote for Qora coin but got an error message saying "the system is busying, try again later". Although I opened a support ticket about it I suspect that the voting system may no longer be active. However I sent a pm to btc38 requesting it lists Qora.

You used to be able to buy votes, so I wonder if we could pay to be listed. If we can would anyone be willing to contribute towards a bounty to get listed there?


I got a reply to my support ticket today. It didn't mention why the voting system seems to be no longer active, but it did say they were studying Qora, which is hopeful. Getting Qora on btc38 would be great.

Quote
Thank you for your information. Our colleague will study this coin. If necessary, we will contact you. Thank you again and a nice day~
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Board Announcements (Altcoins)
Re: Qora | 100% POS | Assets | Names | Voting | Automated Transactions
by
bit tired
on 03/07/2015, 21:57:56 UTC
Just voted, too. Unfortunately with less impact. Some ideas how we can get people to vote? Reddit entry?
Qora community is still too small to win such votings  Undecided

just voted. 100 more an we are in top10.

If there were instructions placed in the OP on how to register at btc38 and vote there it would encourage people. As it stands my request for people to vote will go unnoticed unless I paste it at the top of every new page in this thread.

If we took it in turns to request that people vote on each new page here, and linked to instructions in the OP it would help.

The first time I looked at btc38 I got the impression it was a purely Chinese exchange until someone said there was an English version. Explaining that on each new page could help too.

Most of the community probably only looks at this thread infrequently, so it will take time and repeated requests to vote before most of the community hears our request.

...

The more exchanges the merrier. We are at 18th place on the btc38 voting list today with 217 votes. If we keep requesting for people to vote in this thread we could soon reach the top of the list. Btc38 is the doorway to the Chinese market, and has resulted in massive volume for other coins.

http://www.btc38.com/trade/vote_for_trade_en.html

Pleae vote for Qora on btc38.

If it's your first time using the exchange click the American flag at the top right of the page to get the English version before you register.



Either that or use this link to get the English version.

http://www.btc38.com/trade_en.html

You register and login using a Facebook account, which seems a bit unusual, but you soon get used to it.

I tried to vote for Qora coin but got an error message saying "the system is busying, try again later". Although I opened a support ticket about it I suspect that the voting system may no longer be active. However I sent a pm to btc38 requesting it lists Qora.

You used to be able to buy votes, so I wonder if we could pay to be listed. If we can would anyone be willing to contribute towards a bounty to get listed there?
Post
Topic
Board Announcements (Altcoins)
Re: Qora | 100% POS | Assets | Names | Voting | Automated Transactions
by
bit tired
on 03/07/2015, 18:45:09 UTC
Just voted, too. Unfortunately with less impact. Some ideas how we can get people to vote? Reddit entry?
Qora community is still too small to win such votings  Undecided

just voted. 100 more an we are in top10.

If there were instructions placed in the OP on how to register at btc38 and vote there it would encourage people. As it stands my request for people to vote will go unnoticed unless I paste it at the top of every new page in this thread.

If we took it in turns to request that people vote on each new page here, and linked to instructions in the OP it would help.

The first time I looked at btc38 I got the impression it was a purely Chinese exchange until someone said there was an English version. Explaining that on each new page could help too.

Most of the community probably only looks at this thread infrequently, so it will take time and repeated requests to vote before most of the community hears our request.

...

The more exchanges the merrier. We are at 18th place on the btc38 voting list today with 217 votes. If we keep requesting for people to vote in this thread we could soon reach the top of the list. Btc38 is the doorway to the Chinese market, and has resulted in massive volume for other coins.

http://www.btc38.com/trade/vote_for_trade_en.html

Pleae vote for Qora on btc38.

If it's your first time using the exchange click the American flag at the top right of the page to get the English version before you register.



Either that or use this link to get the English version.

http://www.btc38.com/trade_en.html

You register and login using a Facebook account, which seems a bit unusual, but you soon get used to it.
Post
Topic
Board Speculation
Re: Who is the dead cat?
by
bit tired
on 02/07/2015, 14:22:04 UTC
I see what you guys are saying. But if our definition of DCB includes events that does not end with a zero valuation, then every market movement down and up is a DCB. It means that all traded assets with a variable price are in a constant state of dead cat bouncing. That does not make sense because the cat is not dying. It would mean that we have several thousand DCB's per hour.

Can we at least agree that this diagram shows the general idea of a dead cat bounce? Yes there are differing views on what constitutes the exact definition of a dead cat bounce, but the diagram gives people a rough idea of what it is.

.......


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Topic
Board Announcements (Altcoins)
Re: Qora | 100% POS | Assets | Names | Voting | Automated Transactions
by
bit tired
on 02/07/2015, 14:00:18 UTC
are you in contact with them? are they open for qora?

Yep. Sent off the criteria form the other day to Ronny after confirming the 4BTC payment was not required.

re: shapeshift - shapeshift works with other exchanges, if bter and polo can't get their wallet to work, it won't work in shapeshift either

Hence the need for CCEDK (and volume).




The more exchanges the merrier. We are at 18th place on the btc38 voting list today with 217 votes. If we keep requesting for people to vote in this thread we could soon reach the top of the list. Btc38 is the doorway to the Chinese market, and has resulted in massive volume for other coins.

http://www.btc38.com/trade/vote_for_trade_en.html

Pleae vote for Qora on btc38.

If it's your first time using the exchange click the American flag at the top right of the page to get the English version before you register.



Either that or use this link to get the English version.

http://www.btc38.com/trade_en.html

You register and login using a Facebook account, which seems a bit unusual, but you soon get used to it.
Post
Topic
Board Altcoin Discussion
Re: Sexcoin (SXC) Regains Erection, Begins Humping Crypto Charts
by
bit tired
on 02/07/2015, 13:42:46 UTC
I'm not impressed, the biggest day's trading in the last 3 months only had a volume of $1244, and most of the other days only had a small fraction of that kind of volume. It doesn't take much money to pump a coin with a market cap of $20,000. I'll wait to find out of it falls back down to earth in the next week.
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Topic
Board Altcoin Discussion
Re: How many staking wallets is too much for a computer?
by
bit tired
on 02/07/2015, 13:34:06 UTC
What are the specs of the box?

If you REALLY want to go pro with staking, I HIGHLY recommend looking at Odroid U3 with an eMMC card. Those little puppies will run many wallets no problem and are practically set and forget if you are just looking to stake and compound. If you are patient, the odroid C1 is super sexy as well, but they are hard to come by right now and you have to preorder one if you can wait. Even if the U3 or C1 might be over kill, low power arm boards are definitely the way to go for PoS.

Warning, you will need to compile for ARM and often it is pain in the ass. Some coins will not even compile.
Also, they are low on memory for long-term use with insufficient processors for staking higher amounts.
Talking from personal experience with something based on cubietruck (Octacore+4GB RAM) (https://cryptocointalk.com/topic/28625-devices-for-staking/)

I might be looking for something like this in the future: http://www.aliexpress.com/item/2015-New-Thin-Client-Mini-Computer-Intel-i5-4200U-CPU-8GB-RAM-120GB-SSD-4-USB3/1995516355.html preferably Skylake or better

But then, I'm a megalomaniac

Also, I HIGHLY ADVISE AGAINST EMMC integrated memory, it cannot handle small files quickly enough. For example running a NXT node from EMMC/FLASH is a terrible experience, including the responsiveness of the interface. Aim for SSD / standard HDD

also, Raspberry Pi is the least problematic and perhaps cheapest, although the memory isnt particularly high. Also keep in mind that those things do not have BIOS so alternative booting for disk formatting etc. may leave you stuck

lol really? SD cards are notorious for data corruption, how is a Pi the least problematic?

And your bashing of eMMC is based off of running NXT and not any sort of technical information? Fuck me, I didn't know it was opposite day already...

Nobody has recommended using a BeagleBone yet. I recently heard about them but I'm not familiar enough with them to compare them to other alternatives like the pi. Are they any better or worse than the other alternatives for running staking wallets? I think they have better specs than a pi but cost more.