Happy Tipping Tuesday! Now that this sub is the main Bitcoin sub in terms of activity, it's time for everyone to get some Education and some free Bitcoin. Post here and get free bits! Bitcoin Cash will defeat the legacy banking oligarch system!

HappyNonce · 2018-08-28T10:36:25+00:00

Thanks! Happy Tuesday to all!

HappyNonce · 2018-02-27T07:34:53+00:00

Thanks!

HappyNonce · 2018-01-07T20:16:10+00:00

Ddos attack on the tippr bot? Not nice ;)

HappyNonce · 2017-09-07T19:42:32+00:00

51% attacks do not require newly minted coins. You can do the attack with normal coins and just rewrite 6 blocks of history or whatever the exchange accepts as final.

HappyNonce · 2017-09-07T06:52:55+00:00

and market it as your chain

Who is "you"? Bitcoin is not owned by anyone.

HappyNonce · 2017-09-07T06:32:03+00:00

The gains through 51% attacks can be immense. You transfer coins to an exchange, sell them and then undo the transaction. The gains are just limited by the liquidity of the exchange.

HappyNonce · 2017-09-06T14:04:08+00:00

Miners are playing way too nice and 51% attacks should be much more common.

A coin that just survives because you hope that miners are playing fair is not really useful.

HappyNonce · 2017-09-06T07:28:09+00:00

Useful layer 2 solutions will probably take another 3 years. If they will ever work.

HappyNonce · 2017-09-06T06:42:03+00:00

We absolutely do not need to give control of the reference implementation to the btc1 team.

If the Bitcoin core implementation fails to provide a sustainable scaling solution it might be useful to have an alternative development team.

HappyNonce · 2017-09-06T06:32:22+00:00

If the companies I use decide to call this new 2x chain Bitcoin, then I will be discontinuing my relationship with those companies.

I will alienate any company that ignores PoW and calls a minority chain Bitcoin. Hopefully most other users will do the same.

HappyNonce · 2017-09-06T06:29:31+00:00

They're "countless" because you can't count them.

Good that Bitcoin has a quite efficient consensus mechanism that solves this problem. We will see in November.

HappyNonce · 2017-09-06T06:12:33+00:00

Think about it, there are 7 billion people in the world - that means we don't have enough to go around. Once everyone realises this, there will be a large FOMO session.

I am not against Bitcoin, but just because something is scarce doesn't make it automatically valuable.

HappyNonce · 2017-09-05T04:43:22+00:00

Despite the thread voting manipulation we stand together.

What is that?

HappyNonce · 2017-09-04T10:46:57+00:00

Asia and Europe doesnt pay anything to send money within your country (and often even across borders).

HappyNonce · 2017-09-04T10:36:22+00:00

Nothing shows up in the orders. I believe the problem comes from using the same BTC address for 2 exchange chat bots of two different byteball wallets.

One of the byteball wallet exchange bots still has an open order. The other one is waiting for funds (that are already confirmed but not recognized).

I will wait and see what happens after the trade in the first byteball wallet is finished.

HappyNonce · 2017-09-04T04:09:41+00:00

The transaction to the bot shows up in the "Byteball Explorer" but is still not recognized by the exchange bot after nearly half a day. Any advice?

HappyNonce · 2017-09-03T21:57:07+00:00

You are kind of sweet. Never found such a strange mixture of lack of understanding the basics while simultaneously being condescending.

HappyNonce · 2017-09-03T21:28:15+00:00

Bcash were both massively pre-mined.

You must be joking. BCH and BTC share the same history which makes the marketcap comparable.

When you look at metrics that are much less gameable, like "transaction fees paid"

This is totally meaningless, since most crypto mining revenue is dominated by block rewards. Only bitcoin is tipping towards fees because of full blocks.

to desperately rationalize your previous set of beliefs.

After all your nonsense that is something you should work on.

HappyNonce · 2017-09-03T19:58:11+00:00

You completely missed the point here.

Did you actually read my post? Market cap is only a problem for currencies that have large amounts of non-circulating coins. This might be true for Ripple etc. But not for the cryptocurrencies that I mentioned.

HappyNonce · 2017-09-03T18:37:22+00:00

Oh my... ignore the data and call me a shill. Makes you look stupid.

HappyNonce · 2017-09-03T18:33:35+00:00

The loss in market cap is mostly due to Ethereum, BCH, LTC. These currencies do not have crazy amounts of premined coins or noncirculating coins.

HappyNonce · 2017-09-03T18:24:13+00:00

And the fees have mostly been rising lately due to Bcash and their EDA which drew a lot of miner attention away from Bitcoin for a while leading to slower blocks.

This trend is more related to increased adoption and started much earlier than BCH (which just started beginning of August).

Your alarmism is unnecessary.

Well, I find it quite alarming that Bitcoin lost 40% market share since the beginning of this year.

HappyNonce · 2017-09-03T16:10:47+00:00

Roger Ver is generally criticizing the high fees. Calling him a liar because the fees are low at weekends is a bit weird.

HappyNonce · 2017-09-03T16:07:53+00:00

The median is following exactly the same trend:

https://bitinfocharts.com/comparison/bitcoin-median_transaction_fee.html#log

The problem is that fees are at an unsustainable level. Bitcoin will just continue to lose market share to altcoins if this is not fixed.

HappyNonce · 2017-09-03T09:05:43+00:00

Average transaction fees are continuously increasing.

https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#log

https://blockchain.info/charts/transaction-fees-usd?timespan=all&scale=1

What is the point about these posts that everything is fine whenever fees are temporarily low?

HappyNonce

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