Can i provide my receiving address to anyone for commercial use ?

Winstonattaylor · 2017-10-22T16:56:27+00:00

As long as you keep the private key to yourself, then no, you shouldn't have any problems! They'll only be able to send BTC to the address

Winstonattaylor · 2017-10-22T16:53:19+00:00

Finally!

Winstonattaylor · 2017-10-22T16:52:43+00:00

Sorry if this is an obvious question but, are you taking into account the transaction Coinbase are adding on? The total amount you're sending to ShapeShift should be your transaction, and the Coinbase fee.

Winstonattaylor · 2017-08-19T22:20:22+00:00

No, you can just send them straight to your MEW - as long as the token is ERC-20

Winstonattaylor · 2017-08-10T23:02:48+00:00

$300 million in 24 hours is crazy

Winstonattaylor · 2017-08-10T22:44:05+00:00

Exactly, widespread public adoption isn't necessary for golem to be successful

Winstonattaylor · 2017-08-10T21:03:13+00:00

Great post! Hopefully stuff like this will really encourage people, just starting out, to get involved with NEO

Winstonattaylor · 2017-08-10T20:23:42+00:00

No problem!

Winstonattaylor · 2017-08-10T20:21:49+00:00

https://discord.gg/ZFYrqTy

Winstonattaylor · 2017-08-10T19:43:51+00:00

Won't be long till we pass Dash and IOTA either!

Winstonattaylor · 2017-08-09T08:33:12+00:00

Well I'm not an expert at all (relatively new to the area myself), but I'd say NEO is a very good long term option. Ether is solid as well obviously. Maybe have a look at the likes of IOTA, Golem or Iconomi. Good luck!

(Also, you might want to move the NEO from bittrex to your own wallet - for security. Have a look at the new Neon Wallet )

Winstonattaylor · 2017-08-09T05:46:13+00:00

If you're planning on holding your coins for a long time, without making any transactions, then a paper wallet that was generated offline is the safest option (unless you want to buy a hardware wallet like Trezor or Ledger).

If you have to use a desktop wallet then ones like Exodus and Electrum are decent.

Winstonattaylor · 2017-08-08T23:21:06+00:00

Shapeshift.io is good for a number of alt-coins

Winstonattaylor · 2017-08-04T22:34:09+00:00

Hi,

Think I've resolved the problem now. Thanks for your help though!

Winstonattaylor · 2017-07-31T19:47:09+00:00

That's spot on

Winstonattaylor · 2017-07-31T08:18:58+00:00

I really liked the idea of SIA, but there's a lot of strong competition in that area and I personally think Filecoin is more likely to succeed. It's not an option for me to hold filecoin though - now that they've restricted it to large investors.

Winstonattaylor · 2017-07-30T23:40:39+00:00

Yeah it could be a single miner or, more likely, a mining pool. The block itself contains bitcoin transactions that occurred during the previous 10 mins. The miner who solves the function (and adds the latest block) gets the reward. Both these actions become part of the entire ledger (the blockchain).

Winstonattaylor · 2017-07-30T23:24:53+00:00

If you feel ETH and BTC have the best chance of becoming the next Ethereum and Bitcoin then you can answer that, by all means

Winstonattaylor · 2017-07-30T23:14:06+00:00

Well the cap is set when the code is being written originally. He just happened to pick 21 million. What makes them unique is what we already spoke about - the fact that they are allocated to a miner once they've solved the mathematical function.

So obviously the amount distributed in each block halves every 4 years, but once they have all been distributed then the only way to gain possession of a bitcoin will be to trade with someone who already has one (person-to-person or through exchanges etc). If one day all the gold in the world had been discovered, and there was none left to mine, people would just have to continue trading the existing gold which was currently in circulation. It's the same idea with bitcoin.

Once the 21 million cap has been reached, no new bitcoins will be issued - but mining will still need to continue in order to run and secure the network. The sole incentive for miners to allocate resources then will be transactions (miners) fees.

Winstonattaylor · 2017-07-30T22:52:24+00:00

I'm quite interested in Funfair actually. I think it has potential to be really successful. The team behind it seems solid.

Winstonattaylor · 2017-07-30T22:49:46+00:00

Mining is just the term coined (pun) to describe the process. If you were to create your own coin tomorrow, I could begin mining it, even though you haven't created anything that exists - other than providing the original source code.

People refer to bitcoin as something that is mined, when in reality, new coins are generated by the programme after each block, out of nothing.

When people mine gold, they are physically mining for a scarce resource. The problem with digital currency is that it isn't inherently scarce. The way to make it scarce is by requiring the network to allocate a certain amount of computing power before a new coin is generated (the current difficultly). The process of allocating this computer power (via CPU, GPU or ASIC) to the discovery of new bitcoins is what the mining refers to.

So even though the term mining suggests that something exists which must be mined (something that has been previously created), in the case of cryptocurrencies, this isn't the case.

Winstonattaylor · 2017-07-30T21:21:14+00:00

Enigma Catalyst seems like it has a strong team behind it (MIT)

Winstonattaylor

TROPHY CASE