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Showing 20 of 172 results by kumara
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Topic
Board Service Discussion
Re: As a newbie where to buy my first crypto?
by
kumara
on 13/02/2018, 08:39:43 UTC
I'm willing to invest into crytocurrencies but not sure how to start ones I'm ready to dive in. Shall I go through Bittrex, Coinbase or find a legit seller here in BTCtalk? What would be your advise?

It's probably easier to go through coinbase, But they tack on at least $20 over the current trading price. So I would recommend you sign up at Bitstamp. The fees are 0.25% per trade, with no fee for deposit or withdrawl and you can use a credit card, crypto or bank transfer. Bitstamp is also fully regulated with offices in the U.S. and Luxemborg and place 90% of their holdings in cold storage.
Post
Topic
Board Service Discussion
Re: A safe XRP Wallet ?
by
kumara
on 13/02/2018, 04:07:13 UTC
Anyone knows of a safe XRP Wallet?

 Thanks!

Like others have said Toast wallet is a safe but not safest to store XRP. For anti-spam purposes you must keep at least 20 XRP in the wallet.
Post
Topic
Board Announcements (Altcoins)
Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
by
kumara
on 29/01/2018, 21:36:25 UTC
Thread is a graveyard really. The fact we have marketing team is quite remarkable.

From the entire team you need one person or two to keep the thread on page 1 or 2 here or at least one comment 3x per day




I think they are overworked, they have drafted a lot of people and they are still getting accommodated to the project and setting up a lot of different things at once.

As I just learned, http://Bitbay.net is wholly unrelated to http://Bitbay.market

The name Bitbay is therefore already diluted and unless you were first to market, your use will possibly open you up to a lawsuit. Your name must be uniquely identifiable to prevent confusing consumers and distinguish your product from anyone else’s. From a marketing standpoint your project is dead in the water.
I am very surprised your marketing team has not rectified this fatal flaw by now.

Sadly I see no point in investing in this project under the Bitbay name.

I suggest you rebrand under a new name ASAP



Well if you knew what the other investors knew about this project you wouldn't say that.

Also the exaggeration is preposterous, you can't sue a blockchain. Hahaha try suing Bitcoin. This project like many others is decentralized, ownerless. Both projects came at the same time actually by coincidence. There is no confusion, they are a centralized exchange and we are a coin with hundreds of use cases and features. Centralized exchanges won't last long anyways. Even if there was we had an international presence long before they did (they started out as a Polish exchange and grew from there).

Good. Your answer that you had an international presence long before the other "bitbay" means you were first to market and sums up the strength of your position. This fact also removes most if not all of my hesitation to invest. So long as your primary market, logo, branding etc continues it's direction, eBay should also be of no concern.

Your project has tremendous potential and I expect big things in the future.

Post
Topic
Board Announcements (Altcoins)
Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
by
kumara
on 29/01/2018, 09:44:41 UTC
Thread is a graveyard really. The fact we have marketing team is quite remarkable.

From the entire team you need one person or two to keep the thread on page 1 or 2 here or at least one comment 3x per day




I think they are overworked, they have drafted a lot of people and they are still getting accommodated to the project and setting up a lot of different things at once.

As I just learned, http://Bitbay.net is wholly unrelated to http://Bitbay.market

The name Bitbay is therefore already diluted and unless you were first to market, your use will possibly open you up to a lawsuit. Your name must be uniquely identifiable to prevent confusing consumers and distinguish your product from anyone else’s. From a marketing standpoint your project is dead in the water.
I am very surprised your marketing team has not rectified this fatal flaw by now.

Sadly I see no point in investing in this project under the Bitbay name.

I suggest you rebrand under a new name ASAP

Post
Topic
Board Altcoin Discussion
Re: I've compared Syscoin, Bitbay & Particl - Decentralized Markets Comparison Table
by
kumara
on 29/01/2018, 09:27:23 UTC
I have spent a few days finding out about decentralized stores and markets as I see that been huge once Bitcoin hits the mainstream. I know of 3 and invested 5BTC into each.  I first invested in Bay last year and recently bought into Syscoin & Particl. Interest got the better of me about what and how they work so spent some on each of these coins slack groups. All 3 groups were helpful in answering my questions . I spend hours on their websites, reading the whitepapers and forums looking at what each offer and have created and this is the graph have created.  

I did try and be as fair as possible to all 3 and apologize if I don’t have all the tech they have developed but did give them the opportunity to tell me on all 3 slack groups and if the information isn't available on the websites how are investors suppose to know?
Upon reflection of the table I can say I see a huge gap for growth with Bitbay. It has the most features and the cheapest by a long way and has better distribution. I’m aware their marketing budget was stolen at the start so this could be the reason why its under the radar but  I think I have found a highly undervalued coin. Im very interested in all 3 projects and looking forward to Particl’s  first release, Syscoin’s mainnet release and Bitbay’s rolling peg implementation . From my understanding it will be a big competitor to Tether, but with daily gains of 1% to 3% depending on wallet owners voting.

Not sure if the image will publish but if it is then it worked! lol


What you and everyone so far neglect to say is that the name Bitbay is already diluted from a marketing standpoint. http://bitby.net is a centralized exchange that is wholly unrelated to http://bitbay.market

This fact makes Bitbay a non-starter from a marketing point of view. And sadly as an investment it seems dead in the water.
The best thing for them would be to rebrand under a new name ASAP.
Post
Topic
Board Announcements (Altcoins)
Re: DERO: Privacy + Smart Contracts + Lightning Fast Transactions
by
kumara
on 24/01/2018, 21:54:34 UTC
I like the idea behind this coin and am keeping an eye on thread for more developments. I am no technical person though could somebody tell me although the max supply is 18.4m in 8 years what is the current circulating supply? Is it the amount that has been pre-mined+POW or just the POW coins atm? Please and thank you  Smiley

Welcome
yes max supply is 18.4 million.
Circulating supply is approx 0.7 million without premine.  Its all POW.   As of now.

Awesome thanks. And the block reward is subject to change based on what? Doing the math I can see that if block rewards stay the same we would be in the neighborhood of ~60m by late 2025. How does the block reward change and why is that? Trying to understand how it works because previously I have only seen fixed rewards not varying ones. I appreciate your help and patience!

No its varying block reward decreasing every block.
For detailed emission logic pls see: https://cryptonotestarter.org/inner.html#emission


Where can I get an invite for slack? The previous offer expired
Post
Topic
Board Bounties (Altcoins)
Re: [BOUNTY] INTENSE COIN - Blockchain backed decentralized VPN - SIGNATURES + XMAS
by
kumara
on 21/01/2018, 06:24:24 UTC
Okay folks I wrote some code to query Bitcointalk and check rank, number of posts, blah blah, and hand filtered some sneaky users in the data.
You seem to hand filtered me and I've no idea why, it says "intentionally submitted multiple ent...". It was not clear in the forum posts whether we are supposed to apply for each new round or not so I tried to apply for 4th round after the 3rd one just to make sure that I'm in. No one in this topic said that it would result in disqualification, there was definitely nothing "sneaky" about it.  Shocked

Sure, I will elaborate: anyone that submitted multiple entries, with multiple wallets, and/or multiple ranks, was deemed sneaky. You also put a '0' in front of your member ID in addition to supplying multiple wallets. Putting a 0 at the front of your member ID is 100% a manual process... and I can imagine it would only be done to fool the system.

There were also some users that purposely encoded the user ID part of the member URL, again to look different in the database, but it's the same member in the end.

Our system would not even allow you to submit multiple times with the same wallet ID, as it would say 'You're already in but we updated your information, thanks'. If a duplicate BCT profile URL was inputted, the system would alert you 'Sorry, but that Bitcointalk profile was already used.' -- these items in combination seem pretty straight forward to indicate: don't purposely tamper with submissions to be listed multiple times in the database.  Cheesy

Thanks for the bounty coins. This has been my first sig campaign and I started from scratch to get to Jr. Member rank, working very hard and it paid off well.
Post
Topic
Board Bounties (Altcoins)
Re: [BOUNTY] INTENSE COIN - Blockchain backed decentralized VPN - SIGNATURES + XMAS
by
kumara
on 21/01/2018, 06:13:33 UTC
Can I know why I am not even in the list? I have submitted my application, fulfilled all the rules, and I am still not in the list? Seriously ?

I really want to know how the rewarding system goes, and also what is that, that I did wrong while I was submitting my application?
Done with the signature, done with the posts, had over 15 in one week, no spamming and still I am not on the list.

I just want an explanation how the reward system goes, and why I am not on the list, what did I do wrong ?
thank you for the answer

I saw the Round 4 Signatures and I saw people that are not even paid but they are on the Bounty Round? As for me I am not even there ?
can I know why ?
thanks

I had a change of signature because I made higher rank.

Perhaps it is because you did not make at least 15 posts per week for the whole four weeks or 60 total posts.
Post
Topic
Board Bounties (Altcoins)
Re: [BOUNTY] INTENSE COIN - Blockchain backed decentralized VPN - SIGNATURES + XMAS
by
kumara
on 21/01/2018, 00:38:33 UTC
It s end of 20 january already, but we don t have a list of 4th round and rewards Sad

My apologies again, SlowGrowth has been very busy with real life matters (emergency). We really appreciate your guys' patience. Please do not worry, the entries are still recorded in the database, and bounties will be paid. Thank you.

Please convey our concerns for his well being and prayers for whatever situation.
Post
Topic
Board Development & Technical Discussion
Re: Can Lightning network work decentralized ?
by
kumara
on 20/01/2018, 19:41:32 UTC
This article was just posted, pretty much what I've been saying too: https://www.coindesk.com/lightning-network-may-not-solve-bitcoins-scaling-trilemma/

Thanks for the like and it says
Quote
Lightning developers are designing a routing facility that identifies which network nodes have sufficient funds to make a payment, calculates the shortest viable route to the payment destination across those nodes, and sends the payment. If this works, it would resolve the bitcoin trilemma.

This is quite logical and deal with inter bank movement of money between banks and if the software is smart it might even
enable more liquidity between the banks in cases where the ledger between banks has become exhausted because the movement
of money has all been in one direction and for all I know the banks could reduce the transaction fee being charged if they need to fill the
buffer of BTC back up to the top.

I have absolutely no trouble with this at all but anyone lending "sufficient funds" and charging a fee is a bank and will incur costs
as they make a profit from you the customer so lets call "Channels" lines of credit and hubs by the rightful name of "Banks" with
routeing being inter bank settlement which really become settlement with central banks much like the FED or BoE

Can no one see why I am screaming


YES I CAN. Yesterdays crypto rebels and pioneers are becoming todays pirates and profiteers. Greed and the lust for money and material things is the root of all evil. But if the masses participate in the LN and keep their own hubs online, then the banks will at least have some competition, keeping the network in check
Post
Topic
Board Development & Technical Discussion
Re: Can Lightning network work decentralized ?
by
kumara
on 20/01/2018, 19:36:23 UTC
On the other hand, referring to the account status is kinda lame argument. I don't know what reasons people have to crate new account and I accept the fact it's not my business. I prefer to think that Established account probably know things, but newbie account may or may not have knowledge. We should not deny people privacy by simply discarding posts from fresh acc. (My acc for example is not my main)
that's kind of an elegant way to express acceptance, that (n)etiquette can be ignored. Maybe no, or not in my humble opinion.... I'd rather see newbies to introduce, observe, understand (! - and show, that an effort was made to understand!), then comment (open questions), discuss, and then (if progress in knowledge is proven) allow to critisize. And of course don't insist others have to prove, how far they are wrong.
I think I am looking more at reputation not privacy.

On the technology: bitcoins must not be the only ramp on/off to the lightning network. Once I have coins in lightning, there is no reason to close the channel after every transaction. Au contraire, I could develop new business models around "my" coins in the channel. Last recently I discussed the value of having coins in the channel, while someone else needs to quickly send funds, but current congestion and fees prevent him to do so... And looking at the fees that large exchanges pay as per today, I guess they would be the first candidates to think about lightning channels (or cost reduction). Also bitcoin faucets, marketing hubs and regular payment services come to mind. I consider this to be the mesh network, which is clearly decentralized. Only commies would want to have lightning centralized:-)
Whereas I can't predict the future, I would think that reducing tx costs is a driver for moving to technology, in this case to Lightning.

You make a very good point that with LN there is no need to close a payment channel once opened. While videos like https://www.youtube.com/watch?v=UYHFrf5ci_g&feature=youtu.be are spreading the FUD that banks and Blockstream inc will become the payment hubs, in reality the LN opens the possibility for anyone to become a hub if they so choose. In effect the LN will make bitcoin further decentralized but ONLY if Bitcoin holders choose to participate in a bigger way. If the people are too busy or have no interest in acting as hubs then the LN will just be another vehicle for the power elite to control and create more wealth for themselves. The same as throughout history.
Post
Topic
Board Speculation (Altcoins)
Re: 1200$ investment - What to buy ?
by
kumara
on 13/01/2018, 19:18:20 UTC
I'm a small investor , new to crypto but i'm doing non stop research and i want an honest opinion on what you guys think i should buy with this capital .
Was thinking ETH , ETC(new pump coming soon-> japan DMM exchange luanch on 11 january) , Elix , PRL , Blue , AMP .
Any input and ideas are highly appreaciated .
Thanks !

I suggest you separate your protfilio in terms of public/private. Privacy will be the biggest trend in 2018. Checkout intensecoin http://intensecoin.com. Privacy and VPN is a natural fit for the blockchain yet Intense is the only non ERC20 coin that has plans to implement it.
Post
Topic
Board Speculation (Altcoins)
Re: Why Ethereum so slow
by
kumara
on 13/01/2018, 19:04:14 UTC
Hello community,
Some days ago I observed that eth network feels badly ))). The TX cost rised to the moon. So, to get faster tx I should put 60-80 gwei for it. Maybe somebody can explain what the f* is going on there? Kitties, fishies or maybe china miners are closed their factories. Any ideas?

Like others on here have mentioned, Etherium is becoming too popular for the tech to keep up. They have some serious scaling issues to deal with. If it were not for its use as an ICO token ETH would not have even been adopted.
Post
Topic
Board Speculation (Altcoins)
Re: $10K - goal to 50x in 3.5 years. Picks?
by
kumara
on 13/01/2018, 18:57:20 UTC
Hey Everyone,

I'm investing 10K with the goal to turn it to 500K in 3.5 years. Not going to be actively trading, just going to try to pick 10 coins at 1K each and hold.

Going for high risk/high reward plays. What would you pick? I know, DYOR and all, just wanting to see other's opinions.



Click on my sig below and checkout Intensecoin http://intensecoin. Intense is a P2P VPN on the blockchain privacy coin. It will offer staking by letting you sell VPN services right from the wallet. Young project with great devs and huge potential. Its trading for around $0.04 right now at a very alt exchange, with major exchanges coming soon.
Post
Topic
Board Speculation (Altcoins)
Re: What coins are about to explode?
by
kumara
on 13/01/2018, 18:38:16 UTC
What coins are about to explode?

Like cheesbaby said check out Intensecoin http://intensecoin VPN on the blockchain privacy coin. This coin has tremendous potential and very active developers.
Post
Topic
Board Speculation (Altcoins)
Re: RaiBlocks (XRB) is going to be a top 10 coin
by
kumara
on 13/01/2018, 18:31:30 UTC
Related to security they did start a bug bounty program. White hats will get up to 10000 XRP if they find vulnarabilities.

https://medium.com/@clemahieu/announcing-the-raiblocks-bug-bounty-program-b7185711bd52

Why are they paying out bug bounties in XRP instead of XRB. Seems like a missed opportunity unless it bespeaks of their lack of confidence in their own product.
Post
Topic
Board Mining (Altcoins)
Re: SGMiner on XBOX One
by
kumara
on 13/01/2018, 03:31:26 UTC
This isn't Usenet, nor BBS (I'm older than you), it's a modern forum that supports bbcode/bold. Learn to use it.

Hovis method has never been used before in a mass-produced product. Stop lying. Thank you for proving your ignorance, though.

PS4 has not been hacked yet, otherwise piracy would be rampant already.

Console APUs support hUMA (you didn't even bother to google it), so there are no memory addressing restrictions.

Now move along, because this subject (console mining) isn't for you. You're not even a console owner to begin with, otherwise you wouldn't be so ignorant in the first place. Do your homework and then we can talk.

I was teetering between building a cheap rig with cards (perhaps rx 580 or better) or CPU mining. Now both of you gentlemen have given me a third option and one which I never would have found without coming to bitcointalk. I would like to know more about console mining with the Xbox 1 x. Please share your experience and results of any tests.
Post
Topic
Board Mining (Altcoins)
Re: Ordering GPUs online and auto-notify
by
kumara
on 12/01/2018, 04:56:14 UTC
Has anyone had luck with ordering GPUs online lately?

"Lately" in crypto is hours, not days, right? Lol ... I was able to get six 1070ti's on Dec 19th ... six more 1070ti's on Dec 26th ... and six 1080ti's on Jan 8th.



Gamers are getting really pissed off at the doubling of the prices of gpus from just a couple of months ago.
Post
Topic
Board Mining (Altcoins)
Re: Evaluating a minning rig
by
kumara
on 12/01/2018, 04:19:40 UTC
For a start, read through the Beginners & Help area to get at least *a little* idea about what you are getting into.....
Huge point is not all coins are Bitcoin. Bitcoin is 1 specific coin, BTC. The word 'Bitcoin' is NOT a generic term. All other coins are referred to as altcoins and from there by their names, eg ETH, ZEC, DASH, etc.

Follow that with this area is for BTC discussions only and BTC mining uses ASIC-based miners only. Period. You need to post in the altcoin areas for useful answers.


Actually this post was moved after-the- fact, the OP did post the question in the alt-mining  (Altcoins) forum. So not fuzzy and warm Wink
Post
Topic
Board Mining (Altcoins)
Re: New to mining, GPU question
by
kumara
on 12/01/2018, 04:15:24 UTC
I was looking at tge rx580. I liked tge cost to has to power consumtion ratio.any thoughts? Also i found like 7 different 589 models. Are there some that perform better or some that suck? Here is a pic of tge one im eyeing..

Well i cant post a pic for some reason but im eyeing

Msi radeon 580 difect x 12 gaming x 8g, 8g 256-bit gddr5 pci express x16 hdcp ready crossfire x support.
In general the only thing different about brands and other models beside a little bit of hashrate is their cooling unit and their PCI power cable like 8 pin or 6 pin.

I've been wondering if it is better to get the dual fan vs single or just make sure to keep cards far apart and cooled by ambient temp or other fan?