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Showing 20 of 21 results by scs3jb
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Board Announcements (Altcoins)
Re: [ANN]Bitcore- BTX - SEGWIT - lowest fee - hybrid fork 1:0.5 of Bitcoin
by
scs3jb
on 12/02/2018, 15:15:58 UTC
Hi.  Great coin, I like the idea of interest through the weekly token drops.  I'm afraid I missed the 2017 movements, and only joined in the fun in January.

For how long will the Monday airdrops be taking place?  Will there be any coin burns?

Thanks
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Topic
Board Announcements (Altcoins)
Re: [ANN][AIRDROP] XNN - XENON - Massively Distributed EOS Alt-chain
by
scs3jb
on 08/02/2018, 15:23:09 UTC
Hi, how can you claim your XNN?  I have an ethereum private key for a wallet with XNN but no gas money in there.
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Topic
Board Bitcoin Discussion
Re: Is it possible to change the maximum number of Bitcoin?
by
scs3jb
on 22/12/2017, 22:09:57 UTC
Bitcoin Diamond has done this, for example:
http://www.btcd.io/

They changed their fork to have 210 million.
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Topic
Board Bitcoin Technical Support
Re: Blockchain have my transaction stopped since 10 days!! BITCOIN IS A BULLSHIT!!!.
by
scs3jb
on 21/12/2017, 16:24:38 UTC
I'm afraid you've paid a really 'low' fee:
51.537 sat/B

To even get the time of day at this point in time, you need to pay at least 900 sat/B:
https://bitcoinfees.earn.com/

Bitcoin is sucking right now because its overloaded.
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Topic
Board Speculation (Altcoins)
Re: Bitcoin Guru says BTC and BCH going to 10k then 50k
by
scs3jb
on 21/12/2017, 15:51:44 UTC
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Topic
Board Bitcoin Technical Support
Re: 7+ days and still Unconfirmed Bitcoin transactions
by
scs3jb
on 21/12/2017, 15:21:20 UTC
Hi All,

I have done withdraw of ฿0.00206278 on the date of 2017-12-14 08:56:52 UTC and its 7+ days but there is 0 confirmation.
My transaction Id is below.
dae47e7e74687aa36a341910caf9fe80f5b138b767097e50dbb6fca2f14ffb0e

I have tried to accelerate transaction by Viabtc website but it shows submissions are beyond limit error.

Can anyone please help to cancel that unconfirmed transaction or resend that ?


That fee is currently too low!  https://bitcoinfees.earn.com/ is recommending 970 satoshis a byte.

To force it to go through, send a double spend with a higher fee.
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Topic
Board Bitcoin Discussion
Re: BTC txns - Increasing cost, decreasing QoS!
by
scs3jb
on 20/12/2017, 07:57:57 UTC
The core developers are banking on Segwit, which is not being adopted by many, and lightning.
The users that found this unsatisfactory left to Bitcoin Cash and believe that a simple blocksize increase was all that was needed.

The only thing you can do today within BTC, is move your assets to segwit addresses and only do segwit to segwit.  I don't have a practical cost savings from that, but I'm told you save on fees due to the transaction size being smaller.  Does anyone have an example of segwit costs vs non-segwit costs?
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Board Altcoin Discussion
Re: Bitcoin is DEAD for small payments, Bitcoin Cash is the FUTURE
by
scs3jb
on 20/12/2017, 07:31:51 UTC
Which of them two has the highest transaction?

If people move to BCH, I'll just dump more of my fiat to BTC because BCH will also face the same problem sooner or later.
They will experience increase against fiat, but the fee is an order of magnitude lower.  They'd need a much higher price and/or a much higher transaction volume to match BTC.

The promise of a 1 cent fee forever is a lie, but i suspect they'll just increase the blocksize again if it ever gets too high.

They don't believe in segwit and lightning because they represent gaming, etc. and don't want potential auditing and restrictions imposed.  i think the fear is lightning networks could be forced to blacklist grey markets, who have carried bitcoin to where it is today
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Board Altcoin Discussion
Re: Bitcoin is DEAD for small payments, Bitcoin Cash is the FUTURE
by
scs3jb
on 20/12/2017, 07:23:08 UTC
Why is almost everyone fixated with micropayments? Bitcoin is what it is, if it could only be succesful when used for paying scones and pancackes, then it would not be where it is.

Nothing stops a cryptocurrency from rising to prominence in the micropayment Space without Bitcoin going anywhere. The economy is big.

That's where its value came from, if its a piece of software that doesn't work, people will lose faith in it.  I think the system is under strain and there needs to be a solution.  Cutting this out will have a big impact.

You might not like the personalities behind it, but the utility of the coin is very, very important.
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Topic
Board Altcoin Discussion
Re: Bitcoin is DEAD for small payments, Bitcoin Cash is the FUTURE
by
scs3jb
on 20/12/2017, 07:16:48 UTC
Yeah Bitcoin is a store of value like Gold. Do you can use gold for daily payments? No.
Do you can shares for shopping? Threra a lot of good coins for small payment and daily use.

IMO, without utility, its going to become worthless.  Utility is needed to keep the value high, incentivise miners and keep the network alive.

Feeds need to drop or the network won't survive this and you won't be able to get your money out when you need it.

Similarly, this undermines the aspects of the technology that make it worthwhile.  This is not a revolution without it challenging banking, and payments, and its real worth will tank in line with this.

Fees need to come down or be proportionate to the value of the wallet values rather than the size of the transaction.  Software changes are needed.
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Topic
Board Bitcoin Discussion
Re: Lost Bitcoin
by
scs3jb
on 20/12/2017, 03:34:49 UTC
Look here and you will be able to see where you sent it:
https://blockchain.info/
Paste your paper wallet public address in the top search.

What i suspect is you moved your bitcoin to one of the wallet addresses electron generated, so you'd need to use the same seed with electrum to see the btc.  Old versions of electron were using the bitcoin network not the bitcoin cash network, only seems to work after 3.x.

I recently moved my coins and electron was buggy as all hell before 3.x
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Topic
Board Bitcoin Discussion
Re: which cold wallet?
by
scs3jb
on 20/12/2017, 03:19:52 UTC
I got a ledger, usb pen sized and more currencies supported.   Faster on the split too.
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Topic
Board Speculation (Altcoins)
Re: $8500 bch
by
scs3jb
on 20/12/2017, 02:38:46 UTC
This will reverse and the noobs buying up BCH will be left holding then bag. Same with BTG.

I was going to shift my btg to bch but was waiting for a dip!  Cry

I think BCH is backed by online gaming and porn as a spendable currency, so I think that it will readjust but not collapse, and will gain long term.  Something usable, with a brand name and a low fee is a good thing for online commerce.  Its a shame core is focused on offchain scaling, a small blocksize increase wouldn't be as drastic as made out and i think a lot of pain would have been saved if there was everyone pulling together.
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Topic
Board Bitcoin Discussion
Re: BTC FEES SO HIGH
by
scs3jb
on 20/12/2017, 02:31:46 UTC
If you didn't need it in a hurry, you can do a replaceable fee and put it down to the lowest in the pending transactions pool.  You would still be paying around 5-8 euros though.  Too high for a usable currency imo.  Hate to say it but I think blocksize needs to be increased.
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Topic
Board Speculation (Altcoins)
Re: $8500 bch
by
scs3jb
on 20/12/2017, 02:23:11 UTC
I think this is the effect of information that the co-founder of bitcoin.com-Mr Emil Oldenburg, who has sold all his bitcoin, stated that bitcoin is a worthless asset and invested his money in BCH.

lol, nope.  I don't think anyone cares about what these guys do to a level of impacting the price.

Looks more like insider trading:
1. difficulty adjustment has always been a dip for btc
2. sudden investment/pump in bch and shifting a few hours before...
3. coinbase surprise activation

Quote
This is crazy, it just shows that crypto trading is really unpredictable.

I think if you were a whale, this would have been known.  They clearly knew about coinbase.  If this were stocks the feds would be swooping right now.
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Topic
Board Bitcoin Discussion
Re: John McAfee bets his dick that BTC will hit $1 Million USD
by
scs3jb
on 19/12/2017, 23:10:48 UTC
Hoping for 999,999.99!
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Topic
Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
scs3jb
on 19/12/2017, 22:10:14 UTC
I suspect there'll be a use case for secure wallet storage; if i imagine my parents, relatives and even friends, they need to have a backed storage.  I can imagine having a load of cold wallets stored in a vault, and then an online insured fund for the equivalent of current accounts.

Lightning hubs are banks too the more I think about it, or a co-operative perhaps.


Combine the two and I don't see banks going away, even if lightning doesn't materialise.
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Topic
Board Speculation (Altcoins)
Re: IOTA Price Prediction on 2018 and in the Future
by
scs3jb
on 18/12/2017, 19:51:58 UTC
I am surprised at the level of research people have been doing.   Someone mentioned to me its the hot new thing, microsoft is onboard with cisco etc.    So then I went to check.

I checked, lots of talk about working with other companies, and this is everywhere, but the suspicious thing is it is all only from IOTA team.  Not a single statement of support from their so called partners.  Cisco is mentioned in this very thread, but i can't find any evidence that cisco is involved.  No press statement, etc.  Can someone please provide these?  Maybe my skills just suck, but all it seems like is terrible journalists blindly reporting IOTA press releases without getting statements from the 'partners' on what they intend to use them for.

I also then discovered some big bugs where the network has failed.

I then read of the concerns of the network scaling, the ease of attack, etc. and the Tangle network being highly unproven.

Then finally, I read that its theoretical and its not actually working yet outside of a lab environment.

Then i have my own thoughts, such as the sheer expense of mining on the clients.   We are talking about a highly, highly restrictive space here where devices need to be efficient.  If this is for IoT devices that have no memory, power, run ASIC type processing, etc, why would an expensive network like this be of value?  The use-case targeted doesn't shout blockchain at me, in fact distributed consensus is a very expensive process.


Therefore my predictions are:
1. People continue not to research and dump money in it, it will go up until it collapses when someone that everyone reads points out its BS.  Forbes, Economist, etc.  just takes a journalist that isn't a web blogger (no offence to web bloggers, some of them do a fantastic job, but that means they won't work for these big useless clickbait companies)
2. People continue not to research and dump money in it, it will go up and the IOTA team use the money to condense the vapour into something that exists, and it holds for a little while.  

Putting money into it is like playing a broken casino machine, but in the house's favour.

I could be wrong and perhaps didn't find information required to be informed because of bad googling, but I am completely unconvinced.
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Topic
Board Altcoin Discussion
Re: Would a BTC crash destroy alt coins?
by
scs3jb
on 18/12/2017, 19:35:27 UTC
Yes, the markets are linked and bitcoin crash would undermine faith in all cryptocurrency.  I don't think there's much we can do about that.

Here's the scenarios I have thought through:
1. Small adjustment
2. Large adjustment
3. Full scale crash
4. Flippening

For 1, this is likely and overdue.  All cryptos will dip when btc goes through this.  Good buying opportunities for those that are not overly invested in crypto.
For 2, this is a risk.  All cryptos would crash, particularly Litecoin, ETH, Bitcoin Cash, etc.  There would be a long term recovery.
For 3, this is a smaller risk.  All cryptos would crash.  Your money is gone, but the hardcore would continue to push for it to be a cryptocurrency.  The tech will be applied to banking.
For 4, only BTC and its clones would collapse.  The most likely candidate is Bitcoin Cash, providing the whales continue to to carry it to adoption and burn money to ride out adjustments.  I believe there are several whales that will do this.  If the fears of lightning and blocksize prove to be false, a flippening will not happen until a contender appears or there is a mistake with the handling of the btc project.

I'm curious to see what the 'bankers' add to the equation now futures are here, these reckless tools will undoubtedly fuel blind panic.

My observations of watching adjustments across a decent mix:
Monero and Dash I have observed to buck the trends, and can often go up whilst BTC and its clones dip.  The wider trends they follow though.
BTC, BCH, BCG, ETH, LTC, etc. are all joint at the hip with BTC having the biggest impact on the others.  This is down to their properties, there's really not much difference between most coins in terms of technical properties.

There's a lot of shitcoins, mostly running on pure speculation so these are just a random guess.


I think crypto has value and I hope it persists; providing it becomes more efficient and replaces cash.



note: obviously pure opinion
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Topic
Board Legal
Re: tax. questn
by
scs3jb
on 18/12/2017, 19:20:57 UTC
How to avoid tax?


If you are talking about a wealth tax, you avoid this by not being wealthy.  Sell your assets and spend the money if you don't want to pay it.  There are allowances to distribute wealth tax free, you should do this to family.  You also get tax breaks by giving money to charities or investing in certain business ventures.
If you are talking about capital gains tax, go to some fucked up third world country where there is no society and therefore no tax.

Taxes are good things.  I know it might not seem that way sometimes, but they are there for a reason.  Pay them.