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Showing 18 of 18 results by rivercityjon
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Topic
Board Bitcoin Discussion
Re: Pension funds bringing money to Bitcoin.
by
rivercityjon
on 08/03/2019, 07:16:56 UTC
It is really interesting that at last some pension funds have wet their feet in cryptocurrency investing. Someone is going to be very happy or very pissed off in the future. What do you think of this? It is really a breakthrough for crypto as an investment?
Source: https://www.bloomberg.com/news/articles/2019-02-12/first-u-s-pension-funds-take-the-plunge-on-crypto-investing

A lot of blockchain related start ups are going to be happy because a major percentage of these funds are going to be invested in those companies. Only a minor percentage will be invested in liquid cryptos. That makes complete sense because pension fund is a serious money and a lot of people are dependent on it. So investing completely in liquid crypto assets will be very risky. Rather it is somewhat safer to invest in the equities of blockchain companies.

Hope this investment effort will be an eye opener for a lot of market regulators who are still skeptical about cryptos.

I agree with that. It believe it is not yet the right time to invest all your pension funds to liquid crypto assets. A very risky and very volatile investments. People are depending on it. So handling this kind of money is no joke at all. But, setting a small percentage might do the trick.

This will be a very small percentage indeed. The equivalent of dipping a toe in the water to check the temperature.
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Topic
Board Bitcoin Technical Support
Re: Hard Drive Corrupted But Have Wallet.dat, Problem Importing .dat On 2nd Computer
by
rivercityjon
on 09/03/2018, 03:57:32 UTC
Thanks, I am all sorted out now!
Post
Topic
Board Bitcoin Technical Support
Hard Drive Corrupted But Have Wallet.dat, Problem Importing .dat On 2nd Computer
by
rivercityjon
on 09/03/2018, 01:28:24 UTC
Bitcoin Client Software and Version Number:

- Bitcoin Core Version v0.16.0

Operating System:

- Computer #1: Windows 7 Home Premium 64 bit
- Computer #2: Windows 7 Home Premium 64 bit

System Hardware Specs:

- Computer #1:
   - CPU: AMD Phenom II X6 1090T 3.2GHz
   - RAM: 16GB
   - Hard Drive: Samsung 500GB SSD, used space 370GB, free space 95GB

- Computer #2:
   - CPU: Intel Pentium G3258 3.2GHz
   - RAM: 8GB
   - Hard Drive: 1TB, used space 770GB, free space 160GB

Description of Problem:

- Computer #1: Hard Drive ended up with corrupt sector after a restart, some programs and files missing, Bitcoin Core would no longer start, giving error below inside quotation marks:

 "Assertion failed!

  Program: C:\Program Files\Bitcoin\bitcoin-qt.exe
  File: chain.cpp, Line 102

  Expression: pindexWalk->pprev"

- Computer #1: Recovered Wallet.dat file and saved it offline

- Computer #2: Installed Bitcoin Core v0.16.0 to import backup wallet from Computer #1 onto Computer #2.

- Computer #2: No Bitcoin folder in APPDATA/Roaming directory after install & blockchain download / synchronization.

Any Related Addresses: n/a

Any Related Transaction IDs: n/a

Screenshot of the problem:

- Computer #1: Error Message

https://i.imgur.com/41E3Fjv.png

Questions:

Can Bitcoin Core installation on Computer #1 be fixed?

Why is there no APPDATA/Roaming/Bitcoin directory after installing Bitcoin Core on Computer #2?

What are some options for my wallet.dat file to recover the funds whether with Bitcoin Core or another local or web client, keeping in mind I have the wallet.dat, but can't start Bitcoin Core anymore.
Post
Topic
Board Announcements (Altcoins)
Re: Arctic Coin (ARC), No premine, Evolution over 1 year
by
rivercityjon
on 21/01/2018, 11:02:57 UTC
I'm having issues getting the masternode running on Windows 7. All the how-to's I can find focus on VPS. Does ARC require static IP for masternode?
Post
Topic
Board Bitcoin Discussion
Re: How Will BTC Faucets Deal With A $50,000 Bitcoin Price?
by
rivercityjon
on 04/12/2017, 08:38:42 UTC
I was never a big fan of these faucets. If you have no other way to earn Bitcoins, then please do some freelancing and earn the salary in fiat cash. Later convert this fiat to Bitcoin. None of the faucets pay more than $1 per hour, which is a massive waste of our time and effort.

I'm not saying they are a good way to earn Bitcoins, the question is more theoretical in nature.
Post
Topic
Board Bitcoin Discussion
How Will BTC Faucets Deal With A $50,000 Bitcoin Price?
by
rivercityjon
on 03/12/2017, 18:18:01 UTC
As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.

If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.

Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?
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Topic
Board Trading Discussion
Gunbot XT ARM - 269 Trades In 24hrs On Polo - Kraken No Trades Ever
by
rivercityjon
on 17/11/2017, 05:41:15 UTC
After using Gunbot 3.3 on Windows for a while and getting upwards of 60 trades a day, I switched to Gunbot XT for ARM and after some tweaking all week, I nailed it. 269 trades on November 16th! Pretty stoked.

Here is screenshots showing all the trades https://www.docdroid.net/9JhVO6O/2017-11-16.pdf

Also been using Gunbot 3.3/XT on Kraken over the last couple months and it's never made a trade, despite using the same setups that are working well on Polo. What can I do to trouble shoot the Kraken bot?
Post
Topic
Board Bitcoin Discussion
Re: What does everyone think of Goldman Sachs getting involved?
by
rivercityjon
on 06/11/2017, 11:26:16 UTC
More fuel for the hype.
Post
Topic
Board Speculation
Re: Predictions of where bitcoin will be by the the end of 2018
by
rivercityjon
on 27/10/2017, 02:30:02 UTC
I think if Amazon rumors about accepting Bitcoin as a payment method prove true, that could be a temporary catalyst to drive prices upwards to $6500-7000 in the short term, with another pullback in the days and weeks following. $10k in 2018 might be realistic, barring major regulations that are not yet announced weighing down on the price.
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Topic
Board Bitcoin Discussion
Re: There has been 667 forks from bitcoin (altcoins), 3 this month
by
rivercityjon
on 23/10/2017, 07:42:29 UTC
I'm looking at that website from a developer perspective and I have a headache lol... it is a neat visualization though.
Post
Topic
Board Bitcoin Discussion
Re: What do you think about Bitcoin ATMs?
by
rivercityjon
on 23/10/2017, 06:52:32 UTC
For my purposes, a Bitcoin ATM is irrelevant. Major exchanges are all able to connect to my bank account, and even if they didn't, Bitcoin funded debit cards have lower fees and can withdraw in your local currency out of traditional ATM's. If you want your coffee shop in the news for a day, a Bitcoin ATM will probably do it.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Will Kill The Income Tax
by
rivercityjon
on 20/10/2017, 09:16:57 UTC
I could see the minority of people earning tax free income through bitcoin, but still paying income taxes through their jobs. As it becomes more prevalent, central governments will see trends of decreasing income and will begin to introduce additional tax policies which may not be income tax based, but will make the difference of lost income tax revenue and then some.

Two sure things in life are death and taxes... income tax might be avoided by some, but taxes will ALWAYS go up.
Post
Topic
Board Speculation
Re: What do you think ? Bitcoin is going to hit big value soon like 7000$ and more ?
by
rivercityjon
on 20/10/2017, 09:07:14 UTC
Get ready for some nasty price crashes before we see $7000... As always, be patient and don't make panic decisions but hold on for the long term rebound.
Post
Topic
Board Speculation (Altcoins)
Re: Buying Tether USDT when everything go down... what do you think?
by
rivercityjon
on 15/09/2017, 05:54:05 UTC
Regardless of the markets overall, there has still been some opportunity to trade profitably on the exchanges. Not nearly as much activity as I like, but still making headway. In for the long haul, I don't flinch at headlines anymore.
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Topic
Board Mining (Altcoins)
Re: Web browser mining
by
rivercityjon
on 15/09/2017, 05:28:09 UTC
The "browser mining" would still have to use system resources that would be used for "normal mining". What's to stop them from using your system hashpower to mine useful coins in the background and paying you a few meaningless tokens that can't be exchanged or spent anywhere, but hey it has a pretty dashboard!
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Topic
Board Altcoin Discussion
Re: What if all coins disappear??
by
rivercityjon
on 15/09/2017, 05:05:33 UTC
I can't contemplate a scenario where all coins in the world just "disappear"...

However, it really isn't that far fetched to imagine a scenario where at least part of the world will not have electricity to power computers or networks (North Korea EMP threat for one).

Although not a full on disappearance of all one's coins, it would essentially render them useless and out of reach as long as an electrical interruption continued.

We will also likely see more large scale breaches as time goes on and attackers find more innovative ways to access systems that were previously impervious to them. We've seen major exchanges and cloud mining companies compromised, if you were a victim of those situations, your coins disappeared.
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Topic
Board Press
Re: [2017-06-29] Revealing Your Digital Currency Holdings Online Is a Horrible Idea
by
rivercityjon
on 30/06/2017, 06:10:48 UTC
Wow, he posted his API key in YouTube videos...
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Topic
Board Service Discussion
Re: Do you think guys Poloniex will be the next MT.Gox?
by
rivercityjon
on 28/06/2017, 04:04:38 UTC
The only complaints I have seen about not being able to withdraw from Polo are usually issues with the coin (wallet/network/dev team), not with the exchange. I haven't had issues withdrawing BTC at all over the last couple years.

Yes the trollbox is gone, but that was to ramp up the support team, which customers had been asking for since ticket response times started suffering.