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Showing 20 of 127 results by kaar
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Re: Most new accounts do not contribute anything
by
kaar
on 05/08/2018, 05:58:18 UTC
The merit requirement does prohibit most shitposters from ranking up, but it doesn't prevent them from participating in bounties.  We've had this discussion before, and it's off-topic here, but I think if those bounties would require a minimum rank OR a minimum amount of earned merits, that'd be the final nail in the shitposting coffin.

According to hilariousetc on another topic, giving a merit requirement for joining bounties will only make them want to buy merits from other sources.

In my opinion, this can be both good and bad.
Good because we can identify the unscrupulous merit source and theymos can remove their privileges accordingly.
Bad because some people who made good posts but not yet received enough merit would have to wait - so I guess its a job better left to the hands of the bounty manager

When both solutions are bad, one has to choose the better solution even if it’s far from being perfect. Yes, making a merit/rank requirement for bounty participation will create a whole new black market of merit trading (if it doesn’t already exist...). It will probably have other unwanted effects. However, it will reduce the spam. Dramatically. I believe spam is currently by far the largest and most annoying problem in BTT. Solving it should be top priority even if new issues would arise.
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Board Announcements (Altcoins)
Re: [ANN][SEM] Semux - Official Thread - Free Airdrop
by
kaar
on 05/08/2018, 05:36:06 UTC
guys  help me please, I lost the semux wallet from the computer, each time the program invites me to make a new wallet ,but my old wallet is lost, how do I fix it, so that the wallet does not disappear every time? thank you very much in advance Smiley

I’m not sure I understand. Once you create a new wallet, does it disappear as well? If so, then there is something that is messing up with your computer, probably an anti virus. If not then your wallet.dat file can’t be located by the client program. If you have a backup, copy it to the semux folder and make sure the name is “wallet.dat”. If you don’t have a backup then I’m afraid your wallet is lost and can’t be recorvered.
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Board Announcements (Altcoins)
Re: [ANN][SEM] Semux - Official Thread - Free Airdrop
by
kaar
on 21/07/2018, 14:00:03 UTC
My wallet stopped syncing at block 460.017 and it's stuck there for hours, even after restarting the client couple of times. Anyone got an idea?

Are you using Windows? If so it might be because your DB is corrupted (as far as I know this can happen only on Windows). Try renaming your Database folder to a temporary name and see if you are able to sync from scratch. You can also come over to the Discord channel, it will be easier to help you from over there.
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Board Serious discussion
Re: Adoption of crypto-payments in buses
by
kaar
on 21/07/2018, 13:43:02 UTC
Great move by those Brazilian bus companies but I just want clear something, Is this only applicable in travel booking? If so then it would be much better if they'll also add a system where they can do the transaction already inside the bus, I'm sure that the busy bee ones who don't have time for booking will be benefited by this. Though my suggestion seems hard to achieve but if they will succed then their country will be benefited a lot.

Don’t think it’s feasible to implement this system inside the bus. This requires internet connection on every bus which is not always available in Brazil. Even if you manage to solve that, you’ll basically need almost instant confirmations - even 30 second confirmation time might result in large delays.

I get the desire of people to see bitcoin (or crypto in general) implemented in more areas. I too wish there were more options to use bitcoin, but there are cases where there is simply no point to do so. Don’t take it personally, it’s just that I see this kind of posts a lot lately. Bitcoin is great and has the potential to make our life better in many aspects. This doesn’t mean that it’s always the best option.


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Board Announcements (Altcoins)
Re: [ANN][SEM] Semux - Official Thread - Free Airdrop
by
kaar
on 13/07/2018, 22:10:08 UTC
In Github semuxproject:

Light client
   https://semux.online/

Is this official service?

This is developed independently by a Semux user. If you need help, or more information, ask witoldsz on discord, he is the person who created it.
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Board Altcoin Discussion
Re: Is the Blockchain getting abused?
by
kaar
on 06/07/2018, 23:16:48 UTC
Since the era of ICO's there is so many blockchain projects that call themselves some revolutionized project which aim to solve a problem using blockchain. But by looking at some of them blockchain is clearly not the way to implement the solution. People seems to do it since ICO's are easy money now a days.

Is the ICO's are killing the blockchain and Satoshi's dream? You can read more in this Quora thread.
https://www.quora.com/Is-Blockchain-overrated

What do you think

While all ICOs except for a very few are completely useless or simply straight up scams, I wouldn’t say the blockchain is being abused more than other areas. There are countless of scams and shady projects all over the internet. There always have been and there always will be. I’m not sure what dream exactly do you think Satoshi had but as far as I know he never separated the blockchain from bitcoin. Bitcoin does have it’s issues but it’s certainly not being abused.
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Board Development & Technical Discussion
Re: If bitcoin gets mass adopted, must we use our mobiles to buy?
by
kaar
on 30/06/2018, 13:18:30 UTC
are not hardware wallets safe enought to be connected directly to the merchant pc? lol Wink

Define 'safe enough'. If you have 10 million dollars in your wallet, you probably wouldn't want to carry it with you wherever you go, even if you consider all it's security measures.
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Board Development & Technical Discussion
Re: If bitcoin gets mass adopted, must we use our mobiles to buy?
by
kaar
on 30/06/2018, 12:57:56 UTC
Transferring just small amounts to your mobile?
This is what works for me. I have blockchain app installed in my phone. My cold wallet is Ledger neno S. Depending on my expenses, I transfer my BTC from my cold wallet to my blockchain app.

It's like how we do for the fiat money. The concept is, I have money in my bank. When I need money - I take off some money and carry it with me in my wallet.

Exactly. People forget how it was with fiat before the internet - even if you had a credit card, there was no way to verify you actually had money in your bank account, thus cash was much more popular than today. You simply took enough cash to buy what you needed, but no too much in case you get robbed or lose your wallet.

Today though, there is internet, so there will probably be companies that offer services similar to those offered today by CC companies. For example, using a third party to pay for your everyday purchases (they will transfer the BTC to the store) and paying them back at the end of the month.
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Topic
Board Serious discussion
Re: What are your steps for digital privacy? (here are mine)
by
kaar
on 27/06/2018, 15:01:31 UTC
That’s a great post, thank you. Just want to comment on your first paragraph:

To begin with, I want to address people saying 'if you have nothing to hide it doesn't matter',
and I'd like to respond to that with a quote from Edward Snowden  Cool
"Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say."

Most people are pregmatic more then they are idealists. They can support the right to privacy by principal, but when it comes to take actions that would make their lives less convenient, they will most likely forget their ideals. That is not necessarily a bad thing. People know their personal data is collected when they use the services of Google/Microsoft or social media (I am not talking about services that secretly collect your data without any noticr, which is illegal in most countries). They know that and still choose to use them as they give them value.

Without collecting data, most if not all of those services would no longer be free. Moreover, ads would be less effective and companies would waste money on ads that wouldn’t reach the relevant audience. They would make less profits which usually results in their products becoming more expensive. Finally, people won’t stop seeing ads, they would just see more irrelevant ads (wouldn’t you prefer seeing ads that might interest you and make you buy their product rather than ads of products which are completely irrelevant to you?). I can’t say with complete confidence of course, but I believe most people would rather share their personal data than pay to use their everyday services.

This is only relevant to data being collected for marketing purposes. If the data is being used by the government that is another story. However, government that collects data on civilians and use it against innocent people, is probably not democratic anyway, and can abuse pretty much everything.
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Board Serious discussion
Merits 5 from 3 users
Re: Centralisation of the Bitcoin network through growth
by
kaar
on 22/06/2018, 10:58:52 UTC
⭐ Merited by Vod (2) ,Welsh (2) ,theyoungmillionaire (1)
1 block is added to the chain approximately every 10 minutes. That means at most 6MB per hour, 144 MB per day or ~52.5 GB per year. Where do you see an exponential growth here? Even if we consider Segwit, or even if the block size is further increased in the future, that's still a linear growth. I'm not sure how you came up with petabytes, with current growth we'll reach 1 terabyte in about 20 years, that means 20K years you reach 1 petabyte.

Now, even if your calculations were somehow correct, I'm not sure why that would result in centralization. Bandwidth is a much tighter limit than storage. Reaching those numbers in the near future would require a huge bandwidth. If such bandwidth would be maintainable by enough people then surely storage would be cheap enough and most people would still be able to run full nodes.
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Board Announcements (Altcoins)
Re: [ANN] Bitcurrency (BTCR) Discord|POS|Community|CoinMarketCap [Airdrop]🚀[Bounty]
by
kaar
on 31/05/2018, 23:24:59 UTC
Are you the developer of the coin or just volunteered to give away free coins? If you are the developer, what made you performing an airdrop of a long dead coin? Are you going make any real actions besides this weird airdrop? Any new development? Anything?
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Board Beginners & Help
Merits 1 from 1 user
Re: my brief summary on Proof of Work
by
kaar
on 16/04/2018, 07:11:24 UTC
⭐ Merited by Foxpup (1)
In the Blockchain, all transactions are publicly announced to all nodes, as there is no central authority who validate transactions. The validation system is called Proof of Work.

This paragraph is somewhat misleading. The POW isn't used for validation, it's there to prevent double spending and modification of the chain. Validation of transactions in the block is done via cryptographic signatures and has nothing to do with POW. I would emphasize this more, as it's abit unclear from your post what is the purpose of POW in Bitcoin.
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Board Development & Technical Discussion
Re: Understanding Bitcoin's Hashing Function in Simple Terms
by
kaar
on 08/04/2018, 23:59:44 UTC
Just a small note:


SHA-256 produces a unique hash. The chances that you would ever obtain two identical patterns of ones and zeros for two different inputs is zero (is it actually zero or a negligible small number?). Because of the uniqueness of our hash function output, we can use it as a digital signature.

Quote
  • A good hashing function should be collision resistant. This means, no two different inputs should produce the same output.

In most, if not all cases, and particularly in SHA-256, there are many inputs which produce the same output. This is inevitable since the size of the domain is greatly larger than the size of the target. So the chances that two different inputs would produce the same hash is greater than zero. However, as you correctly noted, the chances are so small, that practically they are considered to be zero.


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Board Tokens (Altcoins)
Re: [ANN][ICO NOW!] 💠 FORTY SEVEN BANK 💠 – Connecting Financial Worlds
by
kaar
on 20/02/2018, 12:10:00 UTC
I see you offer businesses the possibility of launching applications in your platform. What requirements will businesses need to meet in order to launch their applications?

We are planning to develop Forty Seven Bank App Platform that will become heaven for fintech developers, as they will be able to create fintech applications and use umbrella services of the bank (KYC, AML, our customer base, etc.). It means that developers with small or medium amount of capital will be able to create White Label business powered by infrastructure of Forty Seven Bank. A good analogy is Apple and App Store that is a heaven for mobile developers. In our case, in order for a developer to do this, he will need FSBT tokens.
Moreover, we are going to offer businesses the opportunity to improve the effectiveness of financial and operational activities via smart contracts. Again, to do this, they will need FSBT.
These two things are going to create real demand for FSBT on secondary market.
Apart from that, token holders will be top priority clients of the bank and according to loyalty program will receive portion of Forty Seven Bank net profit every year in a form of FSBL loyalty tokens which can be later exchanged to wide range of various products and services (travelling, electronic, clothing, gift cards, etc.). Imagine a loyalty program in a retail store where you have a card and every time you make a purchase, you get some points which can be later exchanged for something. FSBL/FSBT token yield will be quite small in the beginning, as it is connected to performance of the bank, but under the conditions and calculations for our hardcap of 10M EUR, in 2023 token yield will be 167% - in other words - for each ETH contributed during ICO in 2023 you will get bonusin FSBL tokens equal to 1.67 ETH. Token yield will grow every year and our performance will inflate the price of the token substantially. I offer you to read more about this in our document called Token Holders Benefits: https://drive.google.com/file/d/0BwDjfDDrGhcsLTJOYzd1ZkZ0WU0/view

This would truly be an heaven from fintech developers. However I wonder how will all of this work fro a legal perspective. Won't there be issues for you for provide a third party KYC services for example? If there is a problem during the KYC process for some company that use your service, won't you be exposed to a potential lawsuit?
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Board Tokens (Altcoins)
Re: [ANN][ICO NOW!] 💠 FORTY SEVEN BANK 💠 – Connecting Financial Worlds
by
kaar
on 12/02/2018, 18:03:59 UTC

4.1/5.0 hype score and positive investment rating score is cool couple with low risk medium score... This is a confidence boost for Investors and smart ones are already positioning themselves for this huge project

It is always nice to see a project you believe in get high ratings, but those ICO rating sites are usually worthless. If they had given a bad score, you (and I too) would have said that those ratings mean nothing and one should do his own research.
This project seems great in so many aspects regardless of what score it gets in some ICO rating site.
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Topic
Board Tokens (Altcoins)
Re: [ANN][ICO NOW!] 💠 FORTY SEVEN BANK 💠 – Connecting Financial Worlds
by
kaar
on 10/02/2018, 20:43:00 UTC
I've already wondered what I do when I really earn a lot of money with cryptocurrencies. 47BK could help me with the decision: I just set up my own bank :-) the possibility to build my bank based on their platform is really fascinating.
And that is not the only possibility that offers itself here, but I have to read a lot of information now. how could 47BK stay under my radar for so long?

I really like the idea that I have my own Bank  Grin
Account Management, Deposit and Loans, Investments and Brokerage and Others in one app sounds good.


Having your own bank is awesome xD. But really important question though what will happen when the funds are stolen ? Will the devs give the money back to the investors ? This is really important to know.

wich funds to you mean, the funds that deposit my potential customers in my bank opened by me? think for that I would be responsible
or do you mean the deposits at the ico? I believe ICO investments will be replaced by 47BK should they be stolen. it's all about their reputation

I don't think he talks about the ICO money (which they probably have an insurance in case it gets stolen). The question needs to be more specific though as I'm not quite sure I understand what he means. Which funds are stolen exactly? Once people set their own networks on the blockchain, 47BK won't have any control on their tokens or funds, that's the whole point of decentralized network. Please be more specific so we can try to answer the question.

I do not think that is an issue for multiple reasons; their implementation of  OAuth 2 protocol to authorize bank access to account which also means that you can revoke access anytime. There are many details to this point and I think it is one of the strong suits of seventy four bank so inherently you are adopting european PSD2 which enables bank users to use third-party providers to manage their finances so it has to conform to a set of standards especially security features.

Forty Seven also allows  biometric SDK for biometric authentication. Oh ya let us not forget the Access control on the API level; They will adopting a strict policy to allow access and it is a must. I think the whole process is properly thought through and should not be a worry there.

Yes I agree, I was just trying to understand what was his concern. If he was asking about the ICO funds, then it make sense, but that is not what I understood from his question. If the question was about the infrastructure itself, then I suggest reading the white paper again as it's very detailed and would most like answer his questions.
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Topic
Board Tokens (Altcoins)
Re: [ANN][ICO NOW!] 💠 FORTY SEVEN BANK 💠 – Connecting Financial Worlds
by
kaar
on 09/02/2018, 23:58:51 UTC
I've already wondered what I do when I really earn a lot of money with cryptocurrencies. 47BK could help me with the decision: I just set up my own bank :-) the possibility to build my bank based on their platform is really fascinating.
And that is not the only possibility that offers itself here, but I have to read a lot of information now. how could 47BK stay under my radar for so long?

I really like the idea that I have my own Bank  Grin
Account Management, Deposit and Loans, Investments and Brokerage and Others in one app sounds good.


Having your own bank is awesome xD. But really important question though what will happen when the funds are stolen ? Will the devs give the money back to the investors ? This is really important to know.

wich funds to you mean, the funds that deposit my potential customers in my bank opened by me? think for that I would be responsible
or do you mean the deposits at the ico? I believe ICO investments will be replaced by 47BK should they be stolen. it's all about their reputation

I don't think he talks about the ICO money (which they probably have an insurance in case it gets stolen). The question needs to be more specific though as I'm not quite sure I understand what he means. Which funds are stolen exactly? Once people set their own networks on the blockchain, 47BK won't have any control on their tokens or funds, that's the whole point of decentralized network. Please be more specific so we can try to answer the question.
Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] savedroid ICO - CRYPTOCURRENCIES FOR EVERYONE | MAIN SALE 9 FEB 2018
by
kaar
on 09/02/2018, 23:09:28 UTC
So right now only people who reserved tokens can participate in the ICO? When will the rest of the people be able to buy SVD? Or I got it all wrong and everybody can buy tokens, and the reserved tokens are simply deducted from the available token supply of the ICO?

Yes, everyone can participate in the ICO. It doesn't matter if you reserved yourself some tokens beforehand or not. The token reservation was just to give you the possibility/some extra time to buy tokens even when you are not in front of your PC when the ICO started.

Thanks for the answer. Too bad all my ETH is currently invested in other ICO's. I might go ahead and just buy some tokens with my credit card because I don't think this ICO will last much longer (already ~1.9 bil tokens sold).
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Board Tokens (Altcoins)
Re: [ANN][ICO NOW!] 💠 FORTY SEVEN BANK 💠 – Connecting Financial Worlds
by
kaar
on 09/02/2018, 23:04:18 UTC
Price of token and it's value are always in discussion for all the ICOs. But think about the supply, market cap, etc.. when the price seems psychologically high, it did not mean it's really high price. Considering all the factors, FSBT is priced reasonably good. We will see much higher value after the listing for sure.

Yes that's pretty much what I said. the total maximum total supply is 11 mil tokens. At 4 dollar each that's a maximum MC of ~44 mil dollar which is very reasonable. People who think that only tokens with low initial price are likely to see large increase in price are simply wrong. Those are usually the same people who dump their tokens quickly or make other stupid decisions. So if the price of the token will drive away bad investors, this is actually a good thing.
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Board Tokens (Altcoins)
Re: [ANN][ICO] savedroid ICO - CRYPTOCURRENCIES FOR EVERYONE | MAIN SALE 9 FEB 2018
by
kaar
on 09/02/2018, 20:11:23 UTC
So right now only people who reserved tokens can participate in the ICO? When will the rest of the people be able to buy SVD? Or I got it all wrong and everybody can buy tokens, and the reserved tokens are simply deducted from the available token supply of the ICO?