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Topics - bosshyip

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Sorting Box / New Altcoin

« on: August 14, 2018, 07:42:51 AM »

Hi everyone, I am working on a zcash altcoin as a college project and I am running into issues while trying to mine the first block. I have mined the genesis block and got two nodes connected to each other, but once the connection is found it does not start mining any blocks. For some reason it shows that is attempting to download ~2147483640 blocks and since none of the blocks are being downloaded it I am stuck in a loop where I cannot mine. I have ensured that all zcash seeds have been removed from the code. Any help would be much appreciated.

Bitcoin Forum / A challenge from bitcoin in 2018

« on: August 10, 2018, 07:09:18 PM »

This year the price of bitcoin has dropped for a long time, and don't know how long bitcoin will be like this. I think this is a year of challenge from bitcoin, those who are strong will stay here and the weak will leave, this will be an option to determine the future.

Bitcoin Forum / Thoughts on node count for a decentralized network

« on: August 10, 2018, 07:07:18 PM »

The innovation in Bitcoin is decentralized consensus. Because of this, we are able to have a decentralized network that transfers value. I believe we all agree that a good number of full nodes (whether that be owned by miners or by users) are needed to keep the decentralized nature of this network.

However, there are plethora of disagreements on how much is needed to keep this network decentralized. In my opinion, we should aim high in order to keep the network decentralized and thus should do all we can to make it easier for anyone to have full nodes. If the cost of running a full node is so cheap and so fast, SPVs wouldn't even be needed; this removes the need for many things such as the inefficient (and not working) Bloom filters. The thing that stops individuals from running full nodes is how long it takes for the initial synchronization process. To conclude, imo, cost of full nodes should be so cheap that every wallet would be a full node that has its own full copy of the blockchain (you could prune if storage is the problem).

If we don't aim to have as much full nodes as possible, that means that there is a "good enough". Where would this "good enough" be and what are the reasons you came to this conclusion?

Any thoughts are very welcome and appreciated.

@bosshyip

Bitcoin Forum / Poll reveals that 75% of the US investors believe bitcoin is 'very risky

« on: August 09, 2018, 03:33:27 PM »

Moneycontrol News

A poll conducted by Gallup and Wells Fargo revealed that nearly three-quarters of the US investors think that bitcoin is a "very risky" investment.

The week-long study which surveyed nearly 2,000 adults in the country who have invested either in retirement savings account or through any other account unveiled that only two percent currently own bitcoin, while more than 70 percent "have no interest in ever buying bitcoin."
https://www.moneycontrol.com/news/business/cryptocurrency/poll-reveals-that-75-of-the-us-investors-believe-bitcoin-is-very-risky-2784041.html/amp

Cryptocurrency discussions / My small advice about crypto market

« on: August 09, 2018, 03:29:56 PM »

Many people are still hesitant between trade and hold. In my opinion, Investment is different from speculation is that you spend time and knowledge for it. When you trust and understand, you will not be afraid of the volatility of the market. It's an investor or a HOLDER. It's very good, but I think you get to know the market, trade, the cycle of market so you can be an investor, a smart holder.
"Don’t be a blind bull. ALL markets are cyclical. Don’t be afraid of pullbacks or market crashes – that’s where you can make the most money"

Cryptocurrency discussions / Which Cryptocurrency is the most acceptable as money. Bitcoin or Altcoin

« on: August 09, 2018, 03:27:49 PM »

Bitcoin has been in existence before the springs up of altcoin, but some Altcoins have really makes their stand in the Cryptocurrency world and also acceptable among the people. So at the moment between Bitcoin and Altcoins which one is highly use as money and means of payment.

Bitcoin Forum / What is the nature of bitcoin?

« on: August 03, 2018, 06:46:38 PM »

Many people still don't understand why BTC is valuable, or why it costs more than $9, 000. The most incomprehensible thing is the "one-dollar villa", as the coinage often calls it.

If you can't understand BTC "value behind", is that you will never be a long-held BTC, even buy some BTC, also just speculation traveler, get on the car out of the car, had a scary every day. I did not fully understand the essence of value until the last month, and understood the value of BTC!

I was a slow, hot investor, relatively rational, until the BTC went up to $6,000 to see the value of BTC. But since then, I became a staunch digital currency "value" investors, the creator of the "digital wealth" and the warden, confidence has never been so strong again on the road, to the future of the digital era of wealth.

Cryptocurrency discussions / Was coinmarketcap hacked?

« on: August 03, 2018, 06:16:48 PM »

I just saw some crazy numbers on coinmarketcap..
like $8500 btc, -90% vechain, +20% eth..
wtf is going on??

Sorting Box / INSTAWALLET SERVICE NOTICE

« on: August 02, 2018, 06:31:10 AM »

INSTAWALLET SERVICE NOTICE

The Instawallet service is suspended indefinitely until we are able to develop an alternative architecture.

Our database was fraudulently accessed, due to the very nature of Instawallet it is impossible to reopen the service as-is.

In the next few days we are going to open the claim process for Instawallet balance holders to claim the funds they had stored before the service interruption.

Important information on claims submission:

For the first 90 days we will accept claims for individual Instawallets. Your wallet's URL and key will be used to pre-populate a form to file the claim.
After 90 days, if no other claim has been received for the same url, your Instawallet balance under 50 BTC will be refunded. If several claims have been filed for the same url, we will process those claims on a case by case basis, under the presumption that the claim we received first belongs to the legitimate balance holder.
Claims for wallets that hold a balance greater than 50 BTC will be processed on a case by case and best efforts basis.

From http://notice.instawallet.org/

Bitcoin Forum / Target Market of Bitcoin

« on: August 02, 2018, 06:27:57 AM »

Kindly enumerate all the target market of Bitcoin.

Many people now loves doing bitcoin because of the advantages of doing so but the fact is many of them are still not aware of what does the Bitcoin do and how does it work. And the list of knowledge about Bitcoin is too small.
Thats why I am asking now, who must be the Target Market of Bitcoin?
Thank you.

Cryptocurrency discussions / Europe Wants To Know Who You Are?

« on: August 01, 2018, 04:35:21 PM »

Everyone hear the news, seems in Europe the so called powers that be want to put more regulation
for anyone who uses an exchange there to trade etc, they want to know who you are and when you are using the exchange for transactions in crypto.
so much for using the block chain and having a hidden ID in a transaction
must be a tactic to tax everyone in crypto?

anyone else read this? thoughts? its on cointelegraph.

something we dont want but who knows

Bitcoin Forum / I have NEVER seen Bitcoin in such a sorry state as this!

« on: August 01, 2018, 04:32:17 PM »

Several transactions of mine have gone with 0 confirmations in the past several days. And some of those I was paying 1.5X or 2X the recommended fees. Nothing. Nada. Zilch.

Bitcoin has gone from being an expensive network to use to a practically unusable network. I was defending Bitcoin against millions of tards back in 2011 and 2012. Are they going to have the last laugh on me now? It pisses me off to actually see some of you defending this too and saying "this is the way Bitcoin is supposed to work". Umm... NO IT IS NOT .

I have ZERO confidence left in Core and their "developers". Their network can't handle the slightest bit of volume without totally seizing up. And then Adam Back is out there with the press talking about Bitcoin vendors and merchants running a tab system?? Really?? You can't do your job properly so you want people to run a tab in BTC?? You saw this coming from 10 miles away and did nothing about it. Stupid or malicious?... you decide.

I will be converting my remaining BTC to BCH, Dash, XMR and coins that actually work! And coins that have teams that have at least a Grade 7 level understanding of economics, ie.. "when you are at capacity, you open more locations". And not throw out "but but centralization!!" juvenile red herrings!

Long time Bitcoiner of 6 years here saying, "SEE YA LATER! CASHING OUT NOW!

Bitcoin Forum / The best and safest method to grow your bitcoin like a bank?

« on: August 01, 2018, 04:33:05 AM »

Hello guys, let's say we've already had some bitcoins in our wallets already. But the bitcoin in the wallet won't grow on its own.

Here "method to grow your bitcoin", I do not mean ways to earn free bitcoins, and I do not mean those known methods like Bitcoin Faucet, Bitcoin Mining, Bitcoin Trading, Bitcoin Gambling, Bitcoin lending either, because these methods are not safe at all, we may most probably lost our bitcoin rather than grow.

I am wondering is there a reliable and safe method to grow bitcoin day after day by getting interest like we deposit fiat to a bank and the bank pay us interest?

Cryptocurrency discussions / Why I don't Support KYC in cryptocurrency as it is

« on: August 01, 2018, 03:33:16 AM »

I am going to be very honest here with you guys. I know some of you may antagonise or kick against my view. But I will still speak the truth as it is.

My major reason centered on the fact that there is no regulation for cryptocurrencies.
How can someone somewhere in the name of ICO project team, whom you don't even know, some without a verifiable office address, whose presence is just online and the internet, demand your sensitive information including your international passport, government issued ID, proof of your residential address, and other personal information or documents?
What if this person is just a scammer? What if this person works for maybe a terrorist organization who is just looking for real biodata or identities? What if this person is just a criminal looking for ways to fake his own identity and take upon yours or anyone else? What if your verified photograph (face) matching your identity is used in pornography or nudity? What if the data is accidentally leaked? My questions go on and on.

Remember, the cryptocurrency as it is currently has no regulation, as such there is no regulatory body or authority you can petition your grievances or seek redress should any of the aforementioned incidences happens to you as a result of the information you have forwarded. The ICO project team whom you sent your details can as well disappear without trace.

Therefore, as long as there is no Cryptocurrency Regulation, then there should be NO KYC.

Cryptocurrency discussions / New Exchanges Are Coming? But It is OK?

« on: August 01, 2018, 03:31:23 AM »

I think it is not only cryptos exchanges are developing, also we can talk about ICO and Token Sale projects which you can invest in =, get profit and do smth good for the society. For instance, I have found a trustworthy Token Sale project. It is called Socratus. It is a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. They are aiming to create a win-win insurance whereby you get instant claim payment, fair and transparent dealing and friendly prices. It means that there is no more solo human decisions to pay or not to pay, no more lingering manual claims handling procedures.