It's a soft fork of bitcoin which basically overcomes a lot of the privacy shortcomings. Since it's up to the network participants to accept it this is a nice test of how real the community is these days.
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97 topics on {bitcoin}
5 posts
+5 votes
by
zz87
My payment is being withheld by someone elses bank whilst buying BTC
by
zz87
My payment is being withheld by someone elses bank whilst buying BTC
Last night I tried to buy £xxx worth of BTC to pay for an order I made on here however apparently the brokers bank is holding MY money for "additional checks" so the broker can not release my BTC and I also can not get my money back as it's being held by someone elses bank not mine and until they release it that money is in the ether...
how can that even be legal? they can't even give a timeframe on when it will be released so far they've held it for 13hours and they wont even tell the broker when or if they are going to release my payment or what these "additional checks" are even for.
I use one of the major UK markets for my BTC I've been told by them that this is getting more and more common as a result of the bank clampdown (and I pay by transfer not card).
Thought I'd warn the biggas at any point you might send a payment for some btc and that persons bank might just decide to withhold YOUR payment! Dunno what I'm going to do now other than play the waiting game I guess but fuck bitcoin and fuck the banks! (I also feel a twat making the sellers wait for payment!).
Stay high biggas!
how can that even be legal? they can't even give a timeframe on when it will be released so far they've held it for 13hours and they wont even tell the broker when or if they are going to release my payment or what these "additional checks" are even for.
I use one of the major UK markets for my BTC I've been told by them that this is getting more and more common as a result of the bank clampdown (and I pay by transfer not card).
Thought I'd warn the biggas at any point you might send a payment for some btc and that persons bank might just decide to withhold YOUR payment! Dunno what I'm going to do now other than play the waiting game I guess but fuck bitcoin and fuck the banks! (I also feel a twat making the sellers wait for payment!).
Stay high biggas!
So I used to use bittylicious but often had the problem of my bank suspecting fraud so would hold the payment back I had to ring them and tell them it was a payment I made through my own choice and to release it. Which was a pain in the arse.
Update - the brokers bank released the payment after 15hours and the bitcoin finally landed! thanks to Daan and RB for the patience and support.
For anyone wondering I bought the btc through bittylicious, why the brokers bank held the money none of us have been told (they just want to make buying btc difficult, I doubt they did any "additional checks"). Be careful out there biggas <3
For anyone wondering I bought the btc through bittylicious, why the brokers bank held the money none of us have been told (they just want to make buying btc difficult, I doubt they did any "additional checks"). Be careful out there biggas <3
Yes mate, never had an issue with them before but they said this is happening to 6-7 transactions at a time now and when the bank finally release one payment they immediately withhold a new one and the bank wont talk to bittylicious about it. They use an escrow system so you can't really lose out as such but it still felt very iffy, had me worried for a little bit anyway!
19 posts
+106 votes
by
foster
Money as a system of control (video)
by
foster
Money as a system of control (video)
Andreas M. Antonopoulos is the most articulate and inspiring voice Bitcoin has. Despite his enormous technical expertise he sees the fundamental proposition of crytpo freedom as the lowest layer of the network.
He gives me hope that the revolution is unstoppable, that an exit from a corrupted society is not only possible but inevitable.
When I read the title I thought this was about capitalism and making people dependent upon money. Instead this is about the fact that government issues currency and can use that to control everything it touches basically, it's a shocking eye opener.
Yes it's not even the amount of money they have it's that they define it, that's implies ultimate ownership of all of it.
All of his lectures are great. I'd recommend the podcasts over the video, they look like a spycam.
The evil that is fiat money has only put a roof over my head, given me an education, bought my car, yearly holidays, food, clothes, medication, healthcare, books, games, TVs, drink, drugs, guitars, computers, phones, tablets and countless other goods and services that have brought pleasure, entertainment and increased my living standard over the years. Those who control fiat money are evil. The bastards. I feel like a twat now for been so gullible.
Yes of course and like a complete idiot I exchanged that labour for central bank issued fiat money that I thought was giving me freedom to satisfy my needs, wants and desires and have a wonderful fulfilling life. What a fool I have been.
I hear ya dog, like an even bigger idiot i learned about bitcoin years ago (from here as a matter of fact) but kept my money in fiat :(
At least with multiple currencies we still have the power to choose, isn't that what freedom is?
There's currently a viral post going around showing a photo in a pizza hut window saying 'credit cards only' and then some crap saying how people will lose control of their assets if we move away from money lol.
It doesn't matter if it's cards, bank deposits or even cash in hand. It's all under the control of a central government that's why it's called "fiat". It can be seized, de-valued, or bankrupted. Given enough time that's exactly what has happened to *every* fiat currency in history.
Government controls and the benevlent laziness of developers are actually speeding up the develpoment decentralized systems.
5 posts
+20.2 votes
by
bit poppa
Bitcoin Virgins Q&A
by
bit poppa
Bitcoin Virgins Q&A
I think a lot of us have been using btc so long that we lose sight of what a strange and confusing concept it can at first. This thread is for getting your head around btc and how it works on little biggy.
It's all so ephemeral, it feels like I could lose the coins with a typing error or if my computer crashed. Am I being paranoid?
If you have your coins they are in a bitcoin wallet (like blockchain.info's) or an exchange account (like coinbase). Either way you will see a button for "send bitcoins" click on it and it asks for an address.
When you buy an item on little biggy you get a bitcoin address to pay for it. You get the address when you click on the "pay now" button. Just copy and paste it and you're done. You usually see confirmation in a minute.
Relax and remember if you have any problem there is no way to "lose" bitcoins, the record of where the coins went is public. There is no " I sent the check in the mail "nor " I never got your payment.
When you buy an item on little biggy you get a bitcoin address to pay for it. You get the address when you click on the "pay now" button. Just copy and paste it and you're done. You usually see confirmation in a minute.
Relax and remember if you have any problem there is no way to "lose" bitcoins, the record of where the coins went is public. There is no " I sent the check in the mail "nor " I never got your payment.
1 post
+2 votes
by
spiceX1
6 Cryptocurrency Exchanges That Don’t Require KYC
by
spiceX1
6 Cryptocurrency Exchanges That Don’t Require KYC
2 posts
+11 votes
by
Tenpester
blockchain explained by chickens
by
Tenpester
blockchain explained by chickens
old databses were like taking the word of a chicken farmer. fuck that, we've seen chicken run.
blockchain is a public proof of things that actually happened. we don't have to trust that a farmer is freeing his chickens to walk around a bit.
blockchain is a public proof of things that actually happened. we don't have to trust that a farmer is freeing his chickens to walk around a bit.
3 posts
+9.2 votes
by
Tenpester
The Dinar was The 1st Decentralised Currency
by
Tenpester
The Dinar was The 1st Decentralised Currency
Though Islamic States did most of the minting for over 1400 years anyone has been able to produce this coin and it is still accepted as currency in many circumstances.
You could argue gold was the 1st decentralised currency in being that even today it stands as currency. technically paper money and bank accounts are just a reflection of how much gold and silver a person has
8 posts
+19 votes
by
energixed
Has anyone tried the Trust Wallet App?
by
energixed
Has anyone tried the Trust Wallet App?
Ive finally had it with Coinbase and see things have changed since I looked around. Does anyone know this app or another similar one?
Like the wallet but HUGE warning to anyone using their support. It's on an unmentionable messaging platform and its a fucking cesspool of scammers acting like they are support people asking for credentials.
I’m such a noob, I’m due a refund but I don’t know my wallet address. I’m using bitpanda.
2 posts
+6 votes
by
saywreck
are there easy to read blockchain record sites?
26 posts
+81.5 votes
BTC VS MONERO as payment option
BTC VS MONERO as payment option
Would anyone else be interested in an XMR payment option as it would be a lot more secure than BTC?
People are sheep, XMR is privacy based, what we are buying is illegal (in most places) so it would seem obvious to use xmr
but btc was the first coin and now the biggest
but btc was the first coin and now the biggest
the more research i do on monero the more its everything people told me bitcoin was! Cheap, fast, secure and ACTUALLY anonoymous. How do we get monero on here?
i agree xmr is a more secure option
it is at the end of the day deemed as a privacy coin
the only trouble i feel with this process is that customers may find difficulty creating theyre first transaction
as syncing the wallet can take upto a week using a regular hdd and a local node
this must be done, as without syncing the wallet no payments can be made
this is the issue i had when setting up and using xmr, my coins where basically stuck for a week while my getmonero gui synced
it is at the end of the day deemed as a privacy coin
the only trouble i feel with this process is that customers may find difficulty creating theyre first transaction
as syncing the wallet can take upto a week using a regular hdd and a local node
this must be done, as without syncing the wallet no payments can be made
this is the issue i had when setting up and using xmr, my coins where basically stuck for a week while my getmonero gui synced
Bitcoin is to mainstream now,
What happens when they audit the Bitcoin block chain. Which they probably will at some point...
People are going to have big problems
What happens when they audit the Bitcoin block chain. Which they probably will at some point...
People are going to have big problems
I agree it does make more hassle for the buyer, but if you kept the btc payment system as well at leastpeople would have the choice
I guess hopefully some body from the LB staff sees this and might work on making it happen, I can't really think of another way we could make it happen
More secure probably not, harder to trace maybe. But the dept for homeland security has had tools to trace it since Aug 2000.
they are truly amazing. not only is that before monero was invented it's before the department was established.
They’ve not cracked it, they are able to get a general idea but not the specifics, it’s gonna be a cat n mouse. OxMR has the new zsnark tech and maybe it’s the next gen
Greenfinger has a bit of a promising breakthrough.
25 posts
+42 votes
by
daniels
To those looking for a new low fee wallet.
by
daniels
To those looking for a new low fee wallet.
Hey guys! New buyer here, great expierence so far!
The first time I made a purchase on here was using the wallet supplied by paxful and they charged me roughly 15 dollars in fees for an order than was about 40 dollars.
That made me then spend a long time searching for an alternative to use, because those rates from Paxful were absurd.
I found an app on the playstore called "Edge", (they're on apple devices too) and I used it to make a purchase with MJConcentrates. It worked like a charm. You can buy bitcoin and send bitcoin all from the app, and I got charged about 3 dollars for a 130ish dollar transaction.
You do need to verify your ID once when buying coins, so if that's something you don't want then avoid Edge. Though, if that doesn't bother you, I got my coins almost instantly, they sent instantly and the app is really user friendly and secure.
I hope this helps someone :)
Here is a link if interested: https://edge.app/
The first time I made a purchase on here was using the wallet supplied by paxful and they charged me roughly 15 dollars in fees for an order than was about 40 dollars.
That made me then spend a long time searching for an alternative to use, because those rates from Paxful were absurd.
I found an app on the playstore called "Edge", (they're on apple devices too) and I used it to make a purchase with MJConcentrates. It worked like a charm. You can buy bitcoin and send bitcoin all from the app, and I got charged about 3 dollars for a 130ish dollar transaction.
You do need to verify your ID once when buying coins, so if that's something you don't want then avoid Edge. Though, if that doesn't bother you, I got my coins almost instantly, they sent instantly and the app is really user friendly and secure.
I hope this helps someone :)
Here is a link if interested: https://edge.app/
THANKS GONNA TELL MY CUSTIES ABOUT THIS, SOME OF EM HAVING BEEN GETTING NO LUBED BY SOME OF THESE EXCHANGES
You want to try uphold aswell I've recently discovered them and is a great wallet from what I've found out so far.
Hi, I'd like to invite you to use Uphold. Create your account and try out one of the easiest and most cost-effective trading experiences.
https://uphold.com/signup?referral=d862509f56
Hi, I'd like to invite you to use Uphold. Create your account and try out one of the easiest and most cost-effective trading experiences.
https://uphold.com/signup?referral=d862509f56
I'm definitely going to give it a go, Bittylicious killing me with fees, £55 required and they want £73???? Bloody outrageous ?
DO NOT USE CEX.IO. The fees are 0.0005 BTC, which was ok to begin with but now that's almost £20 to withdraw.
THEY JUST INCREASED THE MINIMUM WITHDRAWAL LIMIT TO 0.002. My order was for 0.0019 & wasn't allowed. I had deposited the exact amount for the order but needed to add more. The minimum deposit is $20, which is more than I have left in my bank account now.
WITHDRAWALS TO MASTERCARD ARE SUSPENDED.
I now have £74 in my account, which I cannot withdraw to my card, I can't pay for my order & I can't deposit more to increase it. If I do add funds there will be over £10 sitting there, which I can;t get back out.
DO NOT USE THESE THIEVING SCAMMERS.
THEY JUST INCREASED THE MINIMUM WITHDRAWAL LIMIT TO 0.002. My order was for 0.0019 & wasn't allowed. I had deposited the exact amount for the order but needed to add more. The minimum deposit is $20, which is more than I have left in my bank account now.
WITHDRAWALS TO MASTERCARD ARE SUSPENDED.
I now have £74 in my account, which I cannot withdraw to my card, I can't pay for my order & I can't deposit more to increase it. If I do add funds there will be over £10 sitting there, which I can;t get back out.
DO NOT USE THESE THIEVING SCAMMERS.
Thanks for sharing looks just the ticket. Which method of buying the btc did you use and was it quick? Cheers
Gonna check this out! Thanks man, Wirex are bumming me hard at the moment with no lube -_-
Edit: The reviews are a bit disconcerting lol
Edit: The reviews are a bit disconcerting lol
I'm commenting just to tell people to NOT use Wirex. Ridiculous fees, appauling service. I transferred Eth a few weeks back... it took 6 days to transfer and they told me it was network congestion...never again
oh? on the app store the reviews were good, on android anyway. I can't speak for the others but my expierences with it has been positive.
Is there not risk by sending BTC from a non anonymous account? I was considering using samurai wallet. Any experience? Buy the coin from bittylicous or some other exchange first.
Well, with Bittylicious you need to verify your idenity still i'm sure, so if any bad actors needed to trace you, they can always trace back to bittylicious from whatever wallet you're using.
I've never used Samurai Wallet so I can't speak on it really.
when you use any wallet to send to a seller of any kind, legit or non legit they can't see any of your personal details, until you give them your name/address for shipping of course.
I would say there is no real risk when it comes to using non anonymous accounts. the biggest risk we as buyers take is having a (wrongly) illegal substance come to our house. Which, lets be honest here, the police don't really give a shit about weed.
I've never used Samurai Wallet so I can't speak on it really.
when you use any wallet to send to a seller of any kind, legit or non legit they can't see any of your personal details, until you give them your name/address for shipping of course.
I would say there is no real risk when it comes to using non anonymous accounts. the biggest risk we as buyers take is having a (wrongly) illegal substance come to our house. Which, lets be honest here, the police don't really give a shit about weed.
Thanks! I was thinking that using samurai (anonymous wallet/android app) could protect the identity of the ultimate buyer (me). Of course on the block chain you could see where the BTC originates (my verified account) however the wallet sending the BTC to the seller would be anonymous (with VPN used) therefore no way of proving you actually made the purchase.
Can you tell me anything about the sellers wallet/security status (what if little biggy/seller was hacked)
I'm looking to make my first purchase but still trying to understand everything
Can you tell me anything about the sellers wallet/security status (what if little biggy/seller was hacked)
I'm looking to make my first purchase but still trying to understand everything
Honestly though, when it comes to weed, expecially small amounts, police won't go through the ball ache of trying to prove stuff like that, like I said the biggest potential issue is one of the RM.
I wish I could tell you about the sellers security, I just don't know anything about it to be honest. I think it would need to be escrow that got hacked to compromise our details? I know that the addresses and orders gets deleted from the biggy servers after x amount of days.
I placed my first order a week or two ago and have had 4 different things come since then. Just make sure you stick to reputable sellers and check out the reviews before you place an order.
I wish I could tell you about the sellers security, I just don't know anything about it to be honest. I think it would need to be escrow that got hacked to compromise our details? I know that the addresses and orders gets deleted from the biggy servers after x amount of days.
I placed my first order a week or two ago and have had 4 different things come since then. Just make sure you stick to reputable sellers and check out the reviews before you place an order.
Edge looks pretty cool. What function do you use to send BTC to the seller/another wallet? Seems to be fairly annon other than the BTC payment method
Wish I saw this earlier, paxful fucked me over so hard earlier I had to pay 15 in fees for a small purchase
The second I got charged X amount in fees by paxful I hunted and managed to find this wallet thankfully, the reviews and all that from others are good and my personal experience with it was good too so atleast you won't be charged exuberant amounts now lol
1 post
+1 votes
by
OHGOONTHEN
low fee wallet and exchange.
by
OHGOONTHEN
low fee wallet and exchange.
I've been using uphold appear to have lower exchange fees at least in comparison to some like bittyliscious, and wide range of options can invest in stocks or change to currency and cash out or trade platforms been finding it quite useful figured may help some of you out.
Hi, I'd like to invite you to use Uphold. Create your account and try out one of the easiest and most cost-effective trading experiences.
Link below
https://uphold.com/signup?referral=d862509f56
Hi, I'd like to invite you to use Uphold. Create your account and try out one of the easiest and most cost-effective trading experiences.
Link below
https://uphold.com/signup?referral=d862509f56
2 posts
+6 votes
by
rajrodger
Live by the meme die by the meme
15 posts
+42 votes
by
BarbelHunter
48H of bitcoin tanking
i've got a mate who actually called the top (he's the reason i was making so many threads about not being able to move my money this time last month) and he reckons we've reached a bottom now. Even the things he was telling me to look out for beforehand I have seen such as the capitualtion wick down to low 30ks. Now hopefully bitcoin goes back towards 50k
Investors must be absolutely shitting themselves now.
Can't imagine what it's like for the sellers on here who have money sat in escrow tho :(
I know nothing about it but heard a story a couple of weeks a go that some big players had all predicted the end of bitcoin was on the way so wouldn't bet on this sink being over yet.... could be good for buying btc if goes down to more reasonable level.
Can't imagine what it's like for the sellers on here who have money sat in escrow tho :(
I know nothing about it but heard a story a couple of weeks a go that some big players had all predicted the end of bitcoin was on the way so wouldn't bet on this sink being over yet.... could be good for buying btc if goes down to more reasonable level.
-30% across the big crypto’s now (3pm 19/5) !
Can the environment be enough to kill the golden goose??
Can the environment be enough to kill the golden goose??
This could well be the beginning of the end for Crypto, it’s been a bubble waiting to burst and that bubble may well now have burst. As zz87 says below, I feel really bad for all the vendors with Crypto stuck in escrow as they are going to have taken a mega hit, potentially a completely screw you over kinda hit.
I don't think you can 'end crypto'.
If you look at some of the newer crypto and how are they build you will start looking at BTC and ETH as more of prototypes than the actual currency.
I don't think regulators can keep up with technology. Remember - the point of crypto is to replace government controlled currency, it newer was about quick gains and 'one solution we have to stick with'. At some point you just won't need FIAT currencies to survive.
If you look at some of the newer crypto and how are they build you will start looking at BTC and ETH as more of prototypes than the actual currency.
I don't think regulators can keep up with technology. Remember - the point of crypto is to replace government controlled currency, it newer was about quick gains and 'one solution we have to stick with'. At some point you just won't need FIAT currencies to survive.
I been trying to wack a few quid extra in for vendors etc and whoever's looking after funds should be moving it around especially if their experienced enough I been riding the rollercoaster of crypto for a few yrs I think their trying to sink it BTC was created and people where told a few yrs back it's to cripple the economy but China couldn't let it ride the full course hence their trying to get every pennie back from it's citizens but if it stabilises then all the cheap BTC coming out of China should be a great asset it's not like their government won't try sell it next door cough cough Russia IMO but it could go alot of ways
Bottom line is some very rich people want a piece of the action. They resent the fact that this is a new technology they don’t control of have the hang of.
So they’ll try to destabilise the market under the auspices of ‘regulation’ ‘crime’ ‘customer access and consumer protection’’ and all the other bullshit excuses they can come up with to get their slice.
So there will be more dips and peaks forced by traders to try to liquidate their clients assets, the tech will not go away! It’s here to stay and in time there will be customer terminals and pay options for retail. It’s inevitable. I think BTC will robustly recover and be back up way above today’s levels by the end of the year.
Long term three year very healthy gains will be made ultimately. I hope that by 2024 we could see very large gain on investments.
Hold your nerve, diversify (freecoin, Shiba coin etc) and don’t let the Uber rich arseholes make a fortune from your assets!!! :)
So they’ll try to destabilise the market under the auspices of ‘regulation’ ‘crime’ ‘customer access and consumer protection’’ and all the other bullshit excuses they can come up with to get their slice.
So there will be more dips and peaks forced by traders to try to liquidate their clients assets, the tech will not go away! It’s here to stay and in time there will be customer terminals and pay options for retail. It’s inevitable. I think BTC will robustly recover and be back up way above today’s levels by the end of the year.
Long term three year very healthy gains will be made ultimately. I hope that by 2024 we could see very large gain on investments.
Hold your nerve, diversify (freecoin, Shiba coin etc) and don’t let the Uber rich arseholes make a fortune from your assets!!! :)
Also- twats like Musk are just glorified government contractors. Dodgy ones at that! Yes he’s a bit clever, but not that much and he’s also an arsehole.
He tried to play the market and the market told him to fuck off. :)
Another tip is to invest in gold and silver. Don’t put all your eggs in one basket.
Metals are a good physical product while cash is ultimately worth jack shit if things go wrong!
This is all my opinion and not financial advice though.
He tried to play the market and the market told him to fuck off. :)
Another tip is to invest in gold and silver. Don’t put all your eggs in one basket.
Metals are a good physical product while cash is ultimately worth jack shit if things go wrong!
This is all my opinion and not financial advice though.
Agree with Tommy . We've seen this before, players pushing price down to get cheap BTC.
To them morons who saying BTC will go to zero and end of crypto, put the pipe (joint) down and educate yourself ffs. !
To them morons who saying BTC will go to zero and end of crypto, put the pipe (joint) down and educate yourself ffs. !
It’s ends when people educate themselves about the differences of investment, speculation and outright gambling
Potentially at 0 because bitcoin is just an idea with no actual underlying value such as assets, future profits or current dividends. It’s just all hype, a who is the greater fool trading. Bitcoin is not an investment. Some will get rich but most will be left holding the ball with piss running down their trouser legs
9 posts
+25 votes
by
sputnik99
bitcoin fee's
by
sputnik99
bitcoin fee's
Hi, I've bought off here 7 times now, the 1st 6 times were between last september and early january I'm pretty certain the charges I incurred for sending bitcoins from my Paxful wallet were around £5 or $5 Last week I made a purchase and was somewhat "surprised" to find that the fee was now .0004 Btc (£16) Has anybody else noticed this? Is there anyway around it? is it just Paxful ?
Personally an extra £16 would make it just too expensive fo me
Personally an extra £16 would make it just too expensive fo me
yeah admin needs to add LITECOIN OR MONERO. Much cheaper fees and easily accesible for most
Bitcoin has become over priced to send, I tried to send the £19 I had left in my wallet set it to send all and it would only send £7.62 the balance £11.38 is fees. Tried the same transaction values with litecoin and the charge would have been 12p !!! COME ON LB INTRODUCE LITECOIN NOW!
the BTC in my wallet has lost close to £20 in value over the last 24 hours and no matter what time i try to send the fees are just so high! unless i want to set the limit to about 12 bytes and wait 6 hours ..lol
If you buy bnb then send ot to your atomic wallet you can change it to btc in the wallet and then set your own miner fee . I set my own miner fee to like a fiver it takes longer but the initial transaction still goes through. To swap from bnb to btc its not even even pound . Xlm would be the perfect currency or bnb . 0.01 xlm transaction costs which is less than a penny
The fluctuation and rise of btc price has driven fees up, personally I would use a wallet like electrum where you can select lower mining fees... One example might be buying a months worth of coins from a vendor like coinbase and transferring that to an electrum wallet, where you can then send payments at a lower tailored fee.
It may mean moving away from Paxful, but then be aware of minimum withdrawals as it may be possible to buy $30 worth btc, but the minimum you can take out is $70. Ultimately it's something you will have to research to find the best method/price for you, best of luck.
It may mean moving away from Paxful, but then be aware of minimum withdrawals as it may be possible to buy $30 worth btc, but the minimum you can take out is $70. Ultimately it's something you will have to research to find the best method/price for you, best of luck.
...or alternatively vote with our feet as the vendors have and just not use LB until it’s sorted properly and made fair for sellers and buyers.
It’s not rocket science to offer alternatives to BTC and it makes me slightly suspicious as to why LB are dragging their feet over this.
Come on LB! Don’t let us all down....
It’s not rocket science to offer alternatives to BTC and it makes me slightly suspicious as to why LB are dragging their feet over this.
Come on LB! Don’t let us all down....
this comunnity should be using Nano.
its literally the same as bitcoin but feeless and transactions are instant- it would allow for cheaper and quicker
transactions. also cheaper items could be sold at no loss to fee's
https://nano.org/
its literally the same as bitcoin but feeless and transactions are instant- it would allow for cheaper and quicker
transactions. also cheaper items could be sold at no loss to fee's
https://nano.org/
I can understand why its BTC only - pretty much all the ‘real’ cash money (NOT USDT) still flows in and out of bitcoin almost exclusively. That being said the fees are definitely a problem making it impractical to buy smaller amounts from a variety of sellers which was always one of the things I really liked about this site
I think the fees will gradually come back down to earth but unfortunately so will the spot price ;)
I think the fees will gradually come back down to earth but unfortunately so will the spot price ;)
2 posts
+2 votes
by
Khuunntt
Free €10 for new bitpanda users
by
Khuunntt
Free €10 for new bitpanda users
If you're signing up for a bitpanda account as a new customer, use my referral link and get a €10 bonus credited to your account after you make your first trade/purchase.
6 posts
+7 votes
by
stealthmode
New to BTC
by
stealthmode
New to BTC
I’ve been on here a couple of months and have made several small transactions which all went very easily. I’ve used coinbase to buy BTC and then sent them directly from the coinbase app to the vendor. Is this safe? Or should I be transferring the purchased BTC to a different wallet first before sending to the vendor. I don’t intend to use BTC for anything other than said purchases. Thanks :)
As a noob added 60 USD to CEX.io but now cant pay for 50USD worth of anything as the BTC amount needs to be 0.002 to withdraw, maybe i am missing something here
It’s just another of the ways the exchanges kick us in the butt- minimum transfer amounts AND high fees- making small or even reasonable purchases unviable. Crypto.com has a minimum of 0.004 (!). Moved to Bitpanda but it is still 0.0015
As I understand it, and I'm new to the Bitcoin game too, It's better to transfer your coins to an offline wallet. Thereby keeping it completely safe. I use the Exodus wallet which is very user friendly. I then pay directly from there. The only issue I have had is (unintentionally) not paying the full amount, but this is down to my incompetence. And I'm sorting that I out!
8 posts
+19 votes
by
theStrokes
bitcoin isn't like banks, its like opec
by
theStrokes
bitcoin isn't like banks, its like opec
bitcoin simply functions as a cartel, there's rent to be collected when you can corner a good piece of the market and that's exactly what the mining groups do.
use bitcoin and you are a subject of the miners and their self interest. once the market reached trillions in usd it became a billion dollar business just to sit on your ass and play games with capacity. This is the definition of malignant monopoly power.
use bitcoin and you are a subject of the miners and their self interest. once the market reached trillions in usd it became a billion dollar business just to sit on your ass and play games with capacity. This is the definition of malignant monopoly power.
Capacity limitations are baked into the bitcoin protocol. There have been opportunities to improve capacity but guess who controls the protocols?
This limit to how many btc is done on purpose obviously. And they have done it with certain projections in mind.
So when more than 45% of btc is in the wallets of 1% it starts to become a huge tool for manipulation and surveilance.
So when more than 45% of btc is in the wallets of 1% it starts to become a huge tool for manipulation and surveilance.
1 post
+1 votes
by
drunkmunk69
Will miners rule btc?
by
drunkmunk69
Will miners rule btc?
Here’s a good way to manipulate the price of btc
Increase miners fees for transactions- micro or otherwise...
Micro transactions slow...
Btc price takes a tumble!
If this isn’t a way to manipulate btc market then what?? Miners rule
Increase miners fees for transactions- micro or otherwise...
Micro transactions slow...
Btc price takes a tumble!
If this isn’t a way to manipulate btc market then what?? Miners rule
11 posts
+59 votes
by
spiceX1
Blackouts in China Have Pushed Bitcoin’s Hashrate Down 49%
by
spiceX1
Blackouts in China Have Pushed Bitcoin’s Hashrate Down 49%
The blockchain has lost 1/2 its capacity as “Xinjiang is facing a major power outage due to a coal mine explosion”
Thanks for the link, I saw the record fee spike and thought there must be some issue, it's still climbing vertically. They need to burn more coal! 8-((
The CO2 cost of BC is humungous... please LB Gods make some other crypto available for payments!
The CO2 cost of BC is humungous... please LB Gods make some other crypto available for payments!
I second that!!
ETH, Bitcoin Cash and Litecoin would be very easy to implement. And would mitigate the risk associated with putting all the eggs in a single basket :)
ETH, Bitcoin Cash and Litecoin would be very easy to implement. And would mitigate the risk associated with putting all the eggs in a single basket :)
No more purchases for me with btc, not until a sensible payment option is available. :((
the pool of waiting transactions is insane
Of all the days for this to happen!! Any chance he 420 specials can be extended till it doesn't cost a mint!
its asking for a £43 transaction fee if i want to send the btc in the 30 min provided by the escrow, ive had to cancel my order
2 posts
+12 votes
by
defnote
Korean Crypto Trading Now Bigger Than Stock Market
by
defnote
Korean Crypto Trading Now Bigger Than Stock Market
Another milestone for the crypto economy.
We will prevail!
We will prevail!
7 posts
+12 votes
by
Raggley
Bitcoin privacy. Can someone recommend a good hot wallet?
by
Raggley
Bitcoin privacy. Can someone recommend a good hot wallet?
I don't want to keep using exchanges to send crypto, due to the crazy fees (and lack of control over them) and also privacy concerns. Can someone recommend a wallet where I can send my crypto to then make private payments.
I've made some effort to find answers here, but I'm struggling to find exactly what I'm looking for.
Many thanks
Raggley
I've made some effort to find answers here, but I'm struggling to find exactly what I'm looking for.
Many thanks
Raggley
almost every wallet lets you set the fees, it really depends what your platform requirements and tastes are. i like electrum.
Ive just used coinami for the first time, great to use but sending fee was £10 for a sale that was only £35!!!
Is that normal or not? thanks
Is that normal or not? thanks
When the network is busy the fees can be extremely high. It's worth knowing though that the fee is the same regardless of the amount you send so it really pays to make larger orders. When you have your coins on an exchange you generally have no control over these fees, but in your own wallet you can adjust these fees to an extent
3 posts
+3 votes
when was the first time you came across bitcoin
when was the first time you came across bitcoin
i came across bitcoin in 2010, however didnt look into it, just knew it was "internet money"
then in 2015 i started using it heavily when price was well below 300usd mark
i even got into trading it
so i learnt alot over the years about cryptography, blockchain tech, bitcoins, altcoins and many other facets of this new fintech wave
a very good book i enjoyed on bitcoin is called "The Bitcoin Billionaires" by Ben Mezrich
goes into detail on the involvment of the winklevoss twins within the bitcoin game. if that name rings a bell, those twins too Zuckerberg to court for stealing the facebook idea from them
hope this interests people as much is does to me
i am no way a novice to bitcoin
biggaz feel free to ask any questions or pm me
happy smoking, THB
then in 2015 i started using it heavily when price was well below 300usd mark
i even got into trading it
so i learnt alot over the years about cryptography, blockchain tech, bitcoins, altcoins and many other facets of this new fintech wave
a very good book i enjoyed on bitcoin is called "The Bitcoin Billionaires" by Ben Mezrich
goes into detail on the involvment of the winklevoss twins within the bitcoin game. if that name rings a bell, those twins too Zuckerberg to court for stealing the facebook idea from them
hope this interests people as much is does to me
i am no way a novice to bitcoin
biggaz feel free to ask any questions or pm me
happy smoking, THB
My friends used to spend btc on items for their game characters on 'Legend of Mir' .... I can specifically remember one friend spending £80 worth of btc on a sword. I dont know how much btc that was, but it was at the birth of btc in 2009. So i always cringe laugh at how much that sword would be worth in today's money hahaha.
Ive been trading in btc for about 4yrs :)
Ive been trading in btc for about 4yrs :)
3 posts
+5 votes
by
theStrokes
will para-chains take down the value of btc?
by
theStrokes
will para-chains take down the value of btc?
btc is the slowest Blockchain to evolve and if people have an easy way to use a better coin they will.
para-chains make this happen.
para-chains make this happen.
BTC will go down, but only because that's what btc does.. it goes up and it goes down. Ultimately it will continue to grow, 100k, 300k, 1m. It is the OG currency and wildy recognised as the best way to store value
46 posts
+72.2 votes
by
greencigar
BTC Fees Crazy High?
by
greencigar
BTC Fees Crazy High?
Wow... The BTC transaction fees have been super high today. Anyone else experience the same thing?
Use "replace by fee" in your wallet and you can set the transaction fee to as low as you want, don't go too low though otherwise no one will bother confirming your transaction.
Am with coincorner shit man they charge to deposit then charge to buy btc then charge to send btc its so embarrassing sometimes when a think a have enough btc to buy then after forgetting about the fee a have to cancel lol
Hi hate Coin Corner its such a rip off. Does anyone know any cheaper options apart from checking for your local dealer instead.
I buy the bitcoin , xfer to anonymous wallet , and pay from there. Fees are normally in pence, but does depend on network traffic.
Same here!! I had 3/4 quid in there already it wouldn't let me use it either ?? I had to top up , still got the 3/4 quid ??
This happened me with Blockchain. I made sure I had enough in my wallet to pay, but when trying to do the transactions it wouldn’t let me saying I needed more money - despite having enough for the payment + sending fees.
Topped up my balance a few quid, paid the transaction and when I checked my wallet after I had around £5 in the wallet. Really frustrating losing unnecessary money to fees!
Topped up my balance a few quid, paid the transaction and when I checked my wallet after I had around £5 in the wallet. Really frustrating losing unnecessary money to fees!
not only do they have your personal details, they send them out like a receipt to anyone transacting with your wallet. Found that out the hard way. Doxxed by my btc wallet lol
Bitcoin beginner here. So i buy bitcoin from coinbase - they have all my info right i get that. Then i send to my wallet (also a coinbase one). Then i send on from my wallet to another wallet - is my personal info shared in that last stage? Can anyone ever connect that last stage back to me via coinbase?
This is happening to me and its driving me up the wall! How on earth are you supposed to enjoy the gains of BTC when youe wallet/blockchain wont let you spend all funds?? I usually have $10-15 stuck in my wallet and am only able to send it if i hit lowest lowest priority, then it takes a week to move to my other wallet. Not cool
Petite send your funds after midnight , cost 16p to send £150 last night :) :) always quite late in the night :)
I usually buy on here after midnight. I'm not having issues with fees though???? Haha
Cash.app is ~2% ...uses SegWit-Bech32...once to buy and once to send. Transaction was super fast, <1min to confirm at escrow.
If there's more transactions going on, then the fees increase (I think). So, it BC is ona run, lots of people buy and sell and network fees increase.
Yeah pal, they wanted to charge me a £17 fee on my £50 purchase, I couldn’t bring myself to do it !!! Times are hard enough as it is, and then they wanna pull my pants down and rob me. Not sure how things are gonna be from now on though ?
LocalBitcoins I use and I think the transaction fee is always the same bought around 400gbp in bitcoin and paid £1.20 to send over
Pretty sure I’ve just been charged about £16 to send £38 through coin corner feel sick 0.0005 btc didn’t realise the amount at the time.... any tips how I can get my remaining money in there approx £35 out to somewhere cheaper to send from?
Hi green cigar. ..yes i had same problem last night.just wanted to make a small order this time..around £20..and Bittylicious wanted £10 in charges..WTF..cant bring myself to make order now..£30
For a basicallly a sample..seems like im not the only 1..its vendors who will miss out more now..so means no weed for the weekend.but i wont be going ahead with order either way
Its a case of cutting my nose off this time..than pay that f***ing ridiculous amount..jb
For a basicallly a sample..seems like im not the only 1..its vendors who will miss out more now..so means no weed for the weekend.but i wont be going ahead with order either way
Its a case of cutting my nose off this time..than pay that f***ing ridiculous amount..jb
I don't send from Coinbase... It's linked to all my personal data. I use a separate wallet. This is where you'll see a hike in fees (from a seperate anonymous wallet).
Cost me over $10 in fees last night to buy something which was $14, so almost doubled the total price I had to pay
Coinbase wallet. Was pretty strange considering that moments before I had done a $30 order and the fee was like $1.70
was trying to get an order in last night but the minimum fee to send any transaction was £7+ and i couldn't bring myself to pay it!
but then i started thinking what if this becomes the new norm, went to pay it and the fees had gone up to £9, so i had to buy more coin to cover the fees whilst paying fees over and over again to coinbase for buying small amounts to try and cover this network fee, this actually kept happening over the space of about 2 hours, in the end lost about £24 to fees just to order something for £96 and the £10 network fee you see at the bottom there, honestly can't even begin to explain how pissed off i am!
but then i started thinking what if this becomes the new norm, went to pay it and the fees had gone up to £9, so i had to buy more coin to cover the fees whilst paying fees over and over again to coinbase for buying small amounts to try and cover this network fee, this actually kept happening over the space of about 2 hours, in the end lost about £24 to fees just to order something for £96 and the £10 network fee you see at the bottom there, honestly can't even begin to explain how pissed off i am!
Hey Guys
Do your trading late at night , cheaper fess when it's not busy , or certain times in the day .. if you check on your wallet and have btc coin in there it will tell the fees to send , thats when you know its cheaper times ect ..
Do your trading late at night , cheaper fess when it's not busy , or certain times in the day .. if you check on your wallet and have btc coin in there it will tell the fees to send , thats when you know its cheaper times ect ..
Had a 19p transaction I made today at 10am. Still pending. Can’t knock Coinbase on this one this is sending eth from Jaxx but either way to be out of funds and 12 hours pending now is fucking bollocks
Christ almighty...I wouldn't have minded I knew it was no relevance to the miners because of the low gas fee, but the fact I couldn't even increase the price manually is pretty shit so once paid up had no control..still a way to go until this is viable across the board. Possibly improvements with ETH 2.0 on the speeds but unless you can affect the reward to the miners you're caught really
I did set it at the lowest priority (issues with balance spending) to move it to another wallet....but a WEEK!
ID yeah but all goes through separate wallet anyway they weren’t the issue was the gas fees on eth, either way bit of a nause
Been there mate ultimately crypto will never replace fiat with these issues. Greet investment especially with recent trends on btc and eth but still too jumpy for these quick transactions. I try and keep a fiver or so buffer and always send over a couple of quid on top but still wide open and will happen again. You could easily stick a tener on top of already inflated product prices which is another factor why buyers are getting fed up
20 posts
+39 votes
Anyone on here mining
Anyone on here mining
Hi, just wondered if anyone on here mined BTC or any other cryptos, If so what set up are you using, like what GPUS or ASICS and how many and what kind of profit they generate if any. I'm very interested in cryto mining but want to see how profitable it is first. Thanks for any responses
Been thinking about this a lot lately myself bud. Electric is quite high were I am though. Would be keen to mine ETH I think.
Yeah I thought about a ETH GPU set up, but I agree power costs are just too high in the uk, I've been looking into potential solar power with a big battery bank, it would increase set up costs but would be very profitable in the long run
Aw man, I've been doing exactly the same xD. Check out the link i've added, it's the one I'll hopefully get. I've been looking at sheds to house the equipment and make a start.
But yeah man I figured the shed would be freezing cold outside so it would keep the miners cool and I wouldnt have to deal with the noise of them. A pipe dream for me right now one day!
I've lost touch with browsing mining rigs on youtube the tech changes so quickly, i'll look back into them later. Do you have a rough cost on a rig?
But yeah man I figured the shed would be freezing cold outside so it would keep the miners cool and I wouldnt have to deal with the noise of them. A pipe dream for me right now one day!
I've lost touch with browsing mining rigs on youtube the tech changes so quickly, i'll look back into them later. Do you have a rough cost on a rig?
That hybrid system looks great, would be perfect for the days where there isn't any sun because its always pretty windy where I live. I stopped watching the YT videos on hardware aswell, I pretty much only check on Whattomine.com, I'm sure you've probably heard of it but if not its such a good tool for working out costs and profits of nearly any rig you could think of. My long term goal is to make a rig worth about 100K which should give me enough money to live off quite comfortably, I expect about 1/3 of the price to be for the Solar panel System. If I had the money right now to buy it all I would probably go for an AMD build using 5700XT's as their a lot cheaper than the NVIDIA equivalent. I think the shed is definitely a good idea, I used to have a small rig in my house and it made a lotttttt of noise and that was with only a few graphics cards.
Didnt know the site, will check that out! thanks man! Hope this works out for you :)
I've seen a lot of people talking about this and sharing their referal links, how does it actually work?
You download app from Google play. Mining sessions are 24 hours, where you need to activate next session to continue mining( click a button). Mining can be upgraded, by different means, e.g. adding friends. Sending your link, and or adding to your network. Node mining can be undertaking on pc as well, just about to launch..