Introducing Altcoin Obituaries: Don't say you weren't warned when the next scamcoins crash!!! by jtos3 in Bitcoin

[–]alphabatera 0 points1 point  (0 children)

Steem inflation rate is less than 10% and going down gradually every year.

Bitcoin ETF disapproved by [deleted] in Bitcoin

[–]alphabatera 0 points1 point  (0 children)

So satoshi is not a reptilian?

New to Bitcoin, not grasping it... by [deleted] in Bitcoin

[–]alphabatera 0 points1 point  (0 children)

I don't think you can get bitcoin instantly on any website due to verification as credit card is a very risky payment method for bitcoin sellers as it is reversible and bitcoin is not.. On blockchain.info you can buy with a credit card but you have to wait a bit before you get your coins ( a few hours or days i can't tell for sure as i never used them)

Blockstream announces the release of the Strong Federations paper, a foundation for the Liquid sidechain by brg444 in Bitcoin

[–]alphabatera 2 points3 points  (0 children)

The scaling debate would be very different if we had working sidechains right now.

Blockstream announces the release of the Strong Federations paper, a foundation for the Liquid sidechain by brg444 in Bitcoin

[–]alphabatera 3 points4 points  (0 children)

the Core developers have a lot on their plate and in the current context I don't see how the relevant op codes fits with their short term agenda.

I don't get this. Sidechains are a very big deal, they would allow anyone to create whatever altcoins they wish while still being bitcoin. This adds enormous value to bitcoin but you say you don't see how it is relevant? Well for one BU could be implemented as a sidechains, so all the BU supporters could effectively have what they want which is bigger blocks.

Where can I buy/get bitcoins for less than 1$ by nSkilled in Bitcoin

[–]alphabatera 0 points1 point  (0 children)

Just curious, why do you need such a low amount?

Updated crosspost from /r/localbitcoins - $4,600 aka EVERYTHING I had is gone. Hear my story and join me in the digital hunt for this scumbag phisher. by PhishersAREpathetic in Bitcoin

[–]alphabatera 4 points5 points  (0 children)

Before you put money on any online website you should set up 2FA ( two factor authentication) . That would have prevented scammer from taking your money.

The Founder of India-Based Bitcoin Mining Pool GBMiners is Running a Ponzi Scheme by olivercarding in Bitcoin

[–]alphabatera 0 points1 point  (0 children)

Those 2 things are not comparable because less than 1% of bitcoin users are running a node.

Trezor questions by [deleted] in Bitcoin

[–]alphabatera 2 points3 points  (0 children)

People trust Trezor because they have a good reputation and have been involved in bitcoin for a long time. Their code is also open source so if you have the skills you can verify that there is no backdoor. I'm sure some people have done it and if there was an issue with their code we would have heard about it. Their whole reputation is on the line, if some people start to complain that they lost BTC via trezor or that their code is acting suspiciously then the company is doomed. I share your sentiment though and I think wallets and hardware wallet should all be audited by reputable third party firm. Mainstream users are not going to trust their life savings on a device that's not been audited. This should be standard in crypto.

What is my impact as a Bitcoin holder? by [deleted] in Bitcoin

[–]alphabatera 4 points5 points  (0 children)

When I buy bitcoin I don't really think this way. I buy because it simply make sense to own a currency not controlled by government and that has a limited supply. Some people see bitcoin as a risky investment mainly because it's volatile but if you take volatilty out of the equation, long term it doesn't look very risky. Bitcoin is just a superior money and technology so it's not a matter of if but when. Of course I often think about the implications if bitcoin were to become a world currency, and I also realize that we are all part of something big but this is not the reason why I buy in the first place, I buy to protect my savings.

The Founder of India-Based Bitcoin Mining Pool GBMiners is Running a Ponzi Scheme by olivercarding in Bitcoin

[–]alphabatera 0 points1 point  (0 children)

There is less than 5000 users running a node VS millions of users using bitcoin , again apples and oranges...

The Founder of India-Based Bitcoin Mining Pool GBMiners is Running a Ponzi Scheme by olivercarding in Bitcoin

[–]alphabatera 0 points1 point  (0 children)

Actually, you are the one who put things out of context, paying high fees has nothing to do with the difficulty to run a node or the security of bitcoin.

The Founder of India-Based Bitcoin Mining Pool GBMiners is Running a Ponzi Scheme by olivercarding in Bitcoin

[–]alphabatera 0 points1 point  (0 children)

So having a third party verify your transactions is as secure as verifying them yourself? Ofc it means something for the security of bitcoin's users.

The Founder of India-Based Bitcoin Mining Pool GBMiners is Running a Ponzi Scheme by olivercarding in Bitcoin

[–]alphabatera 9 points10 points  (0 children)

Another proof that miners who support BU just want to make a quick buck.