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Topics - emma.lee1890

Pages: 1 ... 15 16 [17]
241
Whenever the Bitcoin network gets more congested, fees get higher and higher. Most wallets now use "dynamic fees", which means they start competing with each other for fast confirmations. This results is fees spiraling upwards. Not so long ago, more than 600 Satoshis/byte was needed to have any chance at a fast confirmation.
Opportunity
Since about a week, fees are quite low again. For many months now, even transactions with 1 Satoshi/byte are likely to get confirmed within an hour.
It's good for everyone
If you make a big transaction with high fees when the network is congested, you take up a lot of scarce block space. This makes the congestion even worse.
Consolidate small inputs
If you have many small inputs, now is the perfect time to consolidate them into one new input! If you're not in a hurry to get a confirmation, you can set a very low fee and just wait.

242
The national Assembly of Venezuela is preparing a reform of the country's Constitution, which provides for the creation of a crypto-currency Central Bank. It will be “the Central Bank" with its functions in exchange, monetary and financial policy, and the Central Bank will be involved.

In Venezuela, from August 20, a new denominated currency will enter into circulation — the Sovereign Bolivar (Bolivar Soberano), tied to the national crypto currency Petro. On Monday, the country's President Nicolas Maduro (Nicolás Maduro) said that the country will begin to operate a new system of wages and prices, also tied to Petro.

243
Bitcoin Forum / Bitcoin News and Technology Source
« on: August 25, 2018, 07:48:00 AM »
1 Bitcoin equals
6,725.01 United States Dollar
There is a Chinese saying: exhaustion of bearish news signals a bullish turn; while exhaustion of bullish news makes price bearish
Context:
I am surprised BTC price only dumped $400 given rejection of 9 ETFs

This is an odd decision by the UK. Forcing banks to potentially hold more capital against EU bonds post-Brexit would likely put London-based banks at a big competitive disadvantage.

Method 2 Personally Mining Bitcoin
Purchase custom mining hardware. ...
Purchase a power supply. ...
Obtain a bitcoin wallet. ...
Secure your wallet. ...
Pick a mining pool. ...
Connect the power supply to the ASIC miner. ...
Connect the ASIC miner to your router. ...
Boot up the ASIC miner.

What's the Best Bitcoin Wallet?
No. 5: Coinbase (online exchange). ...
[Read: Ethereum's Cryptocurrency Lure.]
No. 4: Blockchain.info (online wallet). ...
No. 3: Electrum (software wallet). ...
[Read: How Can Investors Determine Bitcoin's True Value?]
No. 2: Ledger or Trezor (hardware wallets/dongles).

What is Bitcoin technology?
A global network of computers uses blockchain technology to jointly manage the database that records Bitcoin transactions. That is, Bitcoin is managed by its network, and not any one central authority. Decentralization means the network operates on a user-to-user (or peer-to-peer) basis.
The idea of decentralization. By design, the blockchain is a decentralized technology. ... A global network of computers uses blockchain technology to jointly manage the database that records Bitcoin transactions. That is, Bitcoin is managed by its network, and not any one central authority.
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part.




244
Bitcoin Forum / A Future with Bitcoin : Can Blockchain Change the World?
« on: August 24, 2018, 07:38:10 AM »
The real potential of the blockchain system comes from its foundation of decentralization, transparency and an unrestricted market. It exists to combat greed and middlemen and to give individuals ultimate control of their identity and activity. In a foreseeable blockchain future, we will see a world where our medical records are immediately available if we are in an accident; where online voting was possible; and where transparency was paramount and greed is disincentivized.

What is your opinion? Is the blockchain a perfect solution? Is it flawed? Comment below, I could love to begin the discussion!

245
Cryptocurrency discussions / Blockchain Technology
« on: August 22, 2018, 08:35:00 PM »
Blockchain technology, which offers a more decentralized approach to data management and sharing, can improve the transparency, speed, and responsiveness of these complex ecosystems by the following means:
1. Time-stamping, tracking, and automating transactions, so that events can be audited in real time .
2. Minimizing the involvement of intermediaries such as bankers, insurers, and brokers .
3. Setting up a wide range of self-executing contracts to automate repetitive processes such as billing and shipping .
4. Establishing proof of quality, provenance, payment, and performance to minimize counterfeiting and fraud .
5. Making it easier, faster, and cheaper to onboard new vendors and partners by assigning digital IDs.

The explanation of the technology promised :
A blockchain isn’t an ethereal thing out there in the universe that you can “put” things into, it’s a specific data structure: a linear transaction log, typically replicated by computers whose owners (called miners) are rewarded for logging new transactions.

246
Bitcoin Forum / Technical And Fundamental Differences
« on: August 22, 2018, 07:32:17 AM »
Technical Analysis

Technicians (sometimes called ‘chartist’ alias traders using a technical approach) take a practical approach, look at the history of security (using price charts) and apply various analytical tools to gain a better understanding of how the market responses about the security of a particular asset.

The technicians know that they can see past the volatility and identify the uptrend as they see the higher order of the highest and highest values ​​of the lowest value. By analyzing the average moves, traders can get a better estimate when there is a shift memontum. That way they can know when is the best time to buy or sell their assets.

Fundamental Analysis

Unlike technical analysis, price is the main focus with fundamental analysis so it is almost the opposite of the technical system. You want to find a basic, or intrinsic, value of security. Anything that affects firm value is a fundamental component of analysis, whether it involves major influences such as the economy as a whole or the specific factors such as company management, revenue, profit growth, and profit margins. Instead of using technical charts, merchants look for difficult data for security evaluation. The company’s financial statements are the starting point.

247
In equities, securities exchanges have their own organization to come up with common standards and jointly respond to declarations by regulators.
Crypto exchanges Gemini, Bitstamp, Bittrex, and bitFlyer USA have announced the creation of a self-regulatory organization for digital commodities, such as cryptocurrencies, Business Insider reports August 20.
Meanwhile, one of the largest U.S. crypto exchanges Coinbase is not a part of the group, and has refused to comment on the initiative, Business Insider claims.

248
Cryptocurrency discussions / 5 Myths about Crypto Market Manipulation
« on: August 19, 2018, 07:50:02 AM »
Because of the whales, crypto markets are unique
Whales are to blame for big losses that small investors suffer.
Whales control the market
Whales know more about the market than smaller investors.
Regulation will solve the problem

249
There are three things that your heirs MUST know about in order to access these tokens and keep them safe: exchanges, wallets, and devices.
Exchanges
Most exchanges are centralized and hold funds for you in an account to allow you to trade between local currency and cryptocurrency.
Wallets
Wallets can be a bit trickier because often it’s difficult for people to know if they are using a “hosted wallet,” like an exchange where you don’t actually own your keys, or a non-hosted wallet, where you do.
Devices
What do your heirs need to know? They will need to know what devices you use to access your wallet accounts. Why? Because these devices probably have copies of your keys stored on them and it’s important that your heirs know not to throw away, donate, gift, or destroy these devices until the funds have been successfully moved to the estate or moved to your heirs.
Bonus
Your heirs will probably need someone to help them access your cryptocurrencies and asset tokens. If you can easily think of people you trust to help, then list them. I prefer having at least two ‘helpers’ designated, from different organizations or different sides of the family.

250
Bitcoin Forum / How Bitcoin Mining Works
« on: June 25, 2018, 08:00:28 PM »
Before you start mining Bitcoin, it's useful to understand what Bitcoin mining really means. Bitcoin mining is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. The speed at which you mine Bitcoins is measured in hashes per second.

251
Bitcoin Token / My Cryptocurrency Wallet
« on: June 25, 2018, 02:46:48 PM »
What Should I Do If I Forgot the Password of My Cryptocurrency Wallet?

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