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Showing 20 of 206 results by parmatiya
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Board Altcoin Discussion
Re: Vitalik and Tual going to end up in jail?
by
parmatiya
on 09/07/2016, 13:45:43 UTC
Do  you think the owner of the 3.6 million Ethereum will invest some money on farms to save his 3.6 million?

I heard he was going to sign some smart contract with some miners. But I am afraid the miners might think he will defraud them.

I will never believe a hacker or a thief who stole $60 million  from other people. That is a punishable crime. Where is the FBI?

Has there been any hack attack??? or stupid sheeps just signed bad deal and lost all!?

If you sign a bad deal in a court which you should have read, would you call the other party a thief for your stupidity

The court of law will not agree with what you said. I read some where that the contract should be fair.
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Topic
Board Speculation
Re: BTC is going up and up
by
parmatiya
on 09/07/2016, 13:44:03 UTC
The uptime is over, ew should now watch out how far the price will go down. With the halving tomorrow the real urge for a pump is gone.
For this reason i am watching the market closely.

You make a good point, I guess we are now finally going to see stabilization of the price but this is not happening.
Too bad bitcoin needs a stable price for it to work.

I feel really bad as I check the price of bitcoin and hoping for its increase today. But I am upset when I saw the value of it today.
It really went down but still not a big deal for me. As long as I believe that it is going to increase after the halving.

The current price does not matter. As long as you hold the coin or use it as a currency, the long term value matters.
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Topic
Board Altcoin Discussion
Re: What will you do if ETH survives?
by
parmatiya
on 09/07/2016, 13:42:26 UTC
What's the actual plan for the fork?  Are they just freezing and returning funds to old owners?  This means loads of eth dumps. They should just cut off the rotten limb and burn the lot.  Id say its the only shot they have at saving eth.

I heard that there will be no soft fork to freeze the coins due to a buy. There will be just a hard fork.

So after all that drawn out debacle, they still had to opt for the hard fork? If they were gonna end up here, why not cut straight to the chase? It seems like they are drawing out what will be the obvious decision.

Soft fork is good for the Ethereum as it freeze the 3.6 million ethereum. Hard fork will return the 3.6 m to DAO holders.

There will not be soft fork any more. It can be attacked to slow down the network. There will be hard fork only.

I will observe with interest to see the effects of the hard fork. If that is a success, the price could rise.
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Topic
Board Speculation
Re: BTC at $435. Is it sustainable?
by
parmatiya
on 09/07/2016, 13:40:57 UTC
We are having a fantastic price consistency of 630-650 range and this is very good news since we are consolidating a new floor. Now everytime we go under 600 there will be a bull rush that will push it up again towards that range. In other words its only up from now on.

I think the price consolidation around the current levels is good to absorb some profit taking and preparing for the next price rise.
yeah, the price is really stable at the moment and i think that it is just a wait before a huge growth that is going to happen in the near future because of the halving

the price is not going back to 435 dollar mark any time soon, but i think that the price is going to bounce back really fast, thus allowing me to make a lot of money if i buy right now

Some core team members promised the 2MB block size increase will be implemented in July, so that could boost price.

We have 26 days until the end of July. So the price of bitcoin could rise in the next few weeks at least.

Take in effect the halving which is almost due.
My guess now is there will be no major pumps anymore. A price of 700 would be great, but honestly I am not counting on it anymore.

I think the price of bitcoin will be between $600 to $700 in the next few weeks. We are waiting for other news.

If the SegWit is tested successfully and implemented in the next release of the Core client, that will be a good news.
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Topic
Board Speculation
Re: Bitcoin will be stable in 2020
by
parmatiya
on 09/07/2016, 13:39:19 UTC
Tbhe price of the bitcoin will never be sttable and that is only better because otherwise i think there are not very many people want to invest into the bitcoin anymore just because
the price wont be higher then he was before. So there will be allot of people dumping their coins and that will mean the end of bitcoin.

I do not think so. There were lots of dump in the bitcoin in the last 7 years. The bitcoin price dropped from $1200 to 200, but it is still recovering.
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Board Services
Re: INCREASED PAYOUT(7/13) ۩۞۩ secondstrade.com ★signature campaign★upto0.00051/post
by
parmatiya
on 06/07/2016, 16:16:57 UTC
could you please change my status to Senior Member?
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Topic
Board Speculation
Re: BTC is going up and up
by
parmatiya
on 06/07/2016, 16:15:20 UTC
The Bitcoin was rising a good but a couple of weeks ago, the price almost reached $800 and many people were waiting for the price to reach $1000 so that they could sell.
I am also waiting for the price to reach $1000, if that happens I will sell some coins.

It is better for the price to drop below $780 two weeks ago. We do not need a big pump and dump of the bitcoin.
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Topic
Board Bitcoin Discussion
Re: The future of Bitcoin
by
parmatiya
on 06/07/2016, 16:06:26 UTC
The future of the bitcoin what will it bring i dont think it will bring allot of positive things with him because the last drop was quiet allot.
So i dont trust the bitcoin anymore and that is not good for the future of the bitcoin for sure.
i doubt that it is a valid reason not to believe in bitcoins because in my opinion the price fluctuations does not mean that bitcoin is a bad currency and that it wont grow in the future

i hope the future of the bitcoins is going to be really bright, in this way it would allow me to make some good money in the future out of my investent i have at the moment
What?because the price of bitcoin is fluctuation and we can judge bitcoin become or included as bad currency?That's not true because the fluctuation price can make bitcoin is profitable for a lot of people, they can do a trading and another job with the same form with this. the fluctuation price is become an important factor for bitcoin until now to get their future.

Bitcoin is not a major currency at the moment. So the big volatility is acceptable. When it becomes a major currency, we like lower volatility.
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Topic
Board Mining (Altcoins)
Re: Ethereum mining still profitable?
by
parmatiya
on 05/07/2016, 10:55:37 UTC
GPU or ASIC...it makes no difference once the farms start mining.  In Ethereum it only takes 3 of the major pools to make decisions on a specific fork for the entire network.

Bitcoin is same.

It's not the same. Bitcoin's blockchain is owned by China ASIC manufacturers. ETH PoW is available to anyone and uses off the shelf hardware. As long as it stays that way ETH will be as close to decentralization as it gets.



Ethereum mining is more decentralised than the bitcoin mining. But it will gradually centralise in cheap energy places.

That will happen to any PoW coins including bitcoin and the Ethereum. The cost of mining determines that.
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Topic
Board Off-topic
Re: Getting My First Whole Bitcoin?
by
parmatiya
on 05/07/2016, 10:54:15 UTC
I have still not been able to make my first whole bitcoin.
I currently have 0.65 BTC

I have much few bitcoins at the moment. My aim is to collect 1 bitcoin in the next two years by earning some.
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Topic
Board Altcoin Discussion
Re: What will you do if ETH survives?
by
parmatiya
on 05/07/2016, 10:52:53 UTC

Buy BTC or other alts which haven't gone up $1 billion.
though i think those alts might never happen to reach such market cap any time soon most probably and it wouldnt make you a lot of money in the future i think though thats just my opinion

i think i would buy some ethereum then in order to make some big profit in the future if ethereum will start growing at a really rapid pace, in this way i would manage to make some good money i think

If the Ethereum does survive after the DAO crisis, that will be because of the big community support, the price will rise a lot.

The Ethereum has a very good community. The price is still over $10 after the DAO crisis. If it survives, the price will be $50.

If there is no bad news after the date of the soft fork and the stolen funds are freezed, I will buy some.
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Topic
Board Speculation
Re: $13,000 bitcoins by the end of 2016? $120,000 by 2018? (golden ratio fractals)
by
parmatiya
on 05/07/2016, 10:51:10 UTC
We all know that it is somewhat impossible for something like this to happen his year because the value of the Bitcoin is not even near that. When the price is going to be that high is also something that we do not know.
With Bitcoin you can only hope that certain things are going to happen but you can never be sure.
Well I agree with you since all we can do is speculate what will really be the price of bitcoin and if our speculation was right then we are lucky. If our speculation was wrong and it happened the other way around we are unlucky. If our speculation was wrong but half of it happened, we are half lucky.

I think that speculation is not achievable. So there is no unlucky if we cannot see $13,000 by the end of the year.
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Topic
Board Speculation
Re: BTC is going up and up
by
parmatiya
on 05/07/2016, 10:49:31 UTC
Yes its going up and up, and I think it will go up like that in future. I`m sure we will see many more dumps also, its like that with btc from the start. And we can just try to guess when will it stop and stabilize. Bitcoin is growing, and that is visible to everyone. In that grow we see how price react on positive and negative things that happen. We need to see bitcoin much stronger in order to avoid this things, and I`m sure that will happen one day.
No one can say when, and until then people will earn from this ups and downs if they are know how, if not then buy bitcoins, put them on safe place and just wait.

To be honest its really easy to buy or earn bitcoins at this stage, as things will not be the same in future you need to multiply your efforts even to earn a small penny of bitcoin as price will be huge in future.
It’s in a bull market now. And I think you should buy in bitcoins for future as it is expected a good price rise is coming ahead.

If there is no split in the bitcoin community and the developers follow the consensus of the community, the price will rise.
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Topic
Board Altcoin Discussion
Re: What will you do if ETH survives?
by
parmatiya
on 04/07/2016, 13:38:46 UTC

Buy BTC or other alts which haven't gone up $1 billion.

That is a good idea. But if the Ethereum survives, it will be the second coin and the price will rise a lot.
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Topic
Board Altcoin Discussion
Re: Vitalik and Tual going to end up in jail?
by
parmatiya
on 04/07/2016, 13:36:50 UTC
Looks to me that they got themselves in deep legal shit...

a) The terms and conditions of the particular smart contract supersedes hundreds of years of US legal contract law, not! Directly or indirectly, this has been fudded all over the internet. 100% of the legal consensus is that  in the US, US contract law is the guiding agent. Who has jurisdiction is another matter, but in whatever jurisdiction, that jurisdiction's legal system is the controlling entity. You are not waving away the US court system with words written in magic pixie dust on a piece of paper.

b) It''s clear that the Ethereum foundation immediately needs to consult with legal experts in the areas of contract law and security and exchange law in order to clarify in their talks what exactly they can and cannot claim/promise. CEO's never say anything for public attribution without clearing it with legal.

Absolutely!

Why do they fail if they fork?

Seems to me the fanboys who buy anything that sounds good, don't really care about whether it is decentralized, because we were writing for months in the Ethereum Paradox thread that Casper would be moving it towards centralization. They only believe what they want to believe.

So why would recovering the funds for the fanboys be worse than not from the perspective of sustaining Ethereum?

They can state that the rules weren't well elucidated and that in the future, all users must understand that contracts are not warranted to perform as advertised.

Tual has potentially a big problem if they didn't do adequate disclosure. This can end up in lawsuits and he can end up prosecuted under securities regulations. If they did make very clear and conspicuous disclosure about risks, then they definitely shouldn't fork because no one will ever again know what the rules are (as they will be open to change at-will).

All about fungibility and centralization. It sucks, and I don't think anyone could honestly argue that the attacker deserves the coins, but intervening would be disastrous to the long term prospects of ETH. There's plenty of precedent to suggest that intervention like this would be a death sentence. The "fanboys" wouldn't care, but as far as long term adoption and all that goes, you're really shooting yourself in the foot. Those in it for the quick money are no doubt pissed off, but anyone in it for the long haul should be staunchly against a fork.

I think the "attacker" deserves the funds, because and assuming he did nothing illegal (but I am not even sure if he didn't violate some obscure law). But we are discussing about perceptions of what the risks are. Please re-read my prior post as I added to it. For me, it hinges on whether they had adequately explained/disclosed the risks to the DAO and ETH investors. I suspect not (otherwise why $168m invested[1]). Thus I argue they can fork and then make the conspicuous and repeated disclosure so that it is clear they will be consistent from here on. And they pretty much have to fork in that case, else they throw themselves under the legal liability bus (but due to the decline in the ETH price they are fucked legally no matter what they do). As for the threats of lawsuits from the "attacker", these can be ignored because they can claim that the majority has the Byzantine power to fork and everyone who uses CC knows that.

Or they can take the stance that all CC investors should know the risks and that they are the owners, because it is decentralized. In that case, they shouldn't fork, but I think they will lose this argument in court perhaps. The DAO investors can file a class action lawsuit for example (which btw supercedes every international jurisdiction!) and claim to be n00bs who trusted Vitalik and Tual their idols.

I believe this clusterfuck is going to lead to securities regulation of CC.  Cry

Vitalik is growing up very fast I think right about now.


[1] Where are the statements about how participants could lose everything if there is a bug? They should have scared away some of the money. I read 18,000 investors for $168 million, so several $1000s each.


Luckily there is Common law. Contracts are all about consent; abusing a gap/hole/vulnerability in a contract is obviously non-consentual and thus illegal. Without such a legal framework, no contract in the world could exist. No contract is perfect.

Agreed.

My father specializes in contract law, graduated top of his class at L.S.U. and was former West Coast Division Attorney for Exxon.

I once was fretting over the fine print of a contract for a $205,000 license I sold for CoolPage in 2001, and he advised to not kill the contract negotiations because he said the court would not enforce a one-sided contract.

So contract law interprets what is the intent, not just what is written in the contract.

Do you mean the intent of the DAO is not to enrich somebody by $50 million by exploiting a hole in the coding?

No. leopard2 and I mean that the intent of the DAO contract is roughly not to allow 1 user take all the value out without consensus voting.

And contract law will likely enforce rule for that intent, regardless of an weakness in the code which prevents enforcing that intent.

Edit: but note it is not clear whether the law could enforce it.

unless you're dumb enough to gave them free money, other than that no one care about them.

I might buy some miners to do support the fork which will get back the money from the hackers in the future.
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Topic
Board Speculation
Re: Bitcoin will be stable in 2020
by
parmatiya
on 04/07/2016, 13:32:12 UTC
No I do not think it will be stable in that year because most likely there will take another halving place in that year.
Of course we cannot predict it so nothing is sure but I do not think its gonna happen in that year.

There will another halving in early 2020, maybe May or June. I think the price could be around $5000.
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Topic
Board Speculation
Re: BTC at $435. Is it sustainable?
by
parmatiya
on 04/07/2016, 13:30:34 UTC
We are having a fantastic price consistency of 630-650 range and this is very good news since we are consolidating a new floor. Now everytime we go under 600 there will be a bull rush that will push it up again towards that range. In other words its only up from now on.

I think the price consolidation around the current levels is good to absorb some profit taking and preparing for the next price rise.
yeah, the price is really stable at the moment and i think that it is just a wait before a huge growth that is going to happen in the near future because of the halving

the price is not going back to 435 dollar mark any time soon, but i think that the price is going to bounce back really fast, thus allowing me to make a lot of money if i buy right now

Some core team members promised the 2MB block size increase will be implemented in July, so that could boost price.

We have 26 days until the end of July. So the price of bitcoin could rise in the next few weeks at least.
Post
Topic
Board Bitcoin Discussion
Re: The future of Bitcoin
by
parmatiya
on 04/07/2016, 13:29:26 UTC
In the future, we may end up with an array of alternatives, with varying functions and limitations. On the other hand, perhaps we’ll find it is enough to have a single decentralized solution like bitcoin, which anyone can access, be they Pakistani farmers or multinational banks.

We can’t know for sure, but it’s very likely that the technology bitcoin inaugurated is here to stay.



Maybe not BitCoin exactly, but the technology of the BlockChain is here to stay.

The bitcon is here to stay if there is no big split in the community. I hope any problems can solved properly, especially the block size increase.
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Topic
Board Mining (Altcoins)
Re: Claymore's Dual Ethereum+Decred GPU Miner v4.7 (Windows/Linux)
by
parmatiya
on 01/07/2016, 11:29:22 UTC
Is anyone using RX 480s with powered risers?  My system runs for about 8 hours then reboots.  Plus the control center is the newer one and doesn't show temps.

I have the molex powered risers. That is connected to the motherboard PCIE slots as well. That is safer.

I ordered some they should be here today or Tues.  Waiting for them before I add the 4th card. 

Do not use the USB powered risers as they do not connect to the motherboard, all the 75W is from the SATA power cable.
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Topic
Board Speculation
Re: Bitcoin will be stable in 2020
by
parmatiya
on 01/07/2016, 11:25:33 UTC
Well I don't think that it will be stable even in 2020 because it's price is very volatile. IMO it is also volatile by that time not just as volatile as it is now. Well that can be good since well have time to sell at a desired price.

The market cap of bitcoin could be $100 billion in 2020. But that is still much lower than that the gold, so still volatile.