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+12 votes
7 posts
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
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
you can edit the fees in coinomi shouldn't be paying more than a dollar
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
almost every wallet lets you set the fees, it really depends what your platform requirements and tastes are. i like electrum.
+76.5 votes
22 posts
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?
Greenfinger has a bit of a promising breakthrough.
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
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
I think we should use XRP? :D
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
Works for sellers but buyers will have a hard time exchanging into it.
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
Think it's about time for a change to avoid future problems
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 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
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?
Yeah it pretty much better in every way, It would make LB a lot more secure
+32 votes
21 posts
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 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
thanks for sharing this mate!!
THANKS GONNA TELL MY CUSTIES ABOUT THIS, SOME OF EM HAVING BEEN GETTING NO LUBED BY SOME OF THESE EXCHANGES
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
+3 votes
3 posts
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 mate had two in about 2004, i think they were worth £60!
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 :)
+4 votes
3 posts
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
+3 votes
3 posts
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 :)
Yes it's safe.
If you were selling, you'd work differently.
If you were selling, you'd work differently.
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!
+23.2 votes
5 posts
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.
Very good idea. Its confusing for newbies! <3
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.
+72.2 votes
46 posts
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?
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
the fees are literally sickening at times
Cash.app is ~2% ...uses SegWit-Bech32...once to buy and once to send. Transaction was super fast, <1min to confirm at escrow.
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?
Yeah, this was posted about 2 weeks ago.
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.
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
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.
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).
same, unfortunately
Cost me over $10 in fees last night to buy something which was $14, so almost doubled the total price I had to pay
What wallet do you use, man?
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!
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
I had a lower priority transaction take a WEEK recently fml
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!
Shocking mate
Coinbase has all your information, right?
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
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 ..
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.
I had that yesterday. Nearly £3 to send £125 from blockchain
Crazy shit. Same as. I had to buy more BTC just to cover it!
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 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
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!
Coinbase have all your personal information... don't forget that!
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?
Yep. Has happened to me.
So different wallet then! Or don't buy from coinbase?
+39 votes
20 posts
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
Also, can’t recommend KUCoin enough as an exchange, I have set up simple bots to trade and I am up 349% apr and 5% value in a week without having to do anything! PM me, happy to help the community get rich :)
If you sign up, it’s helps both of us with rewards :)
https://www.kucoin.com/ucenter/signup?rcode=2K7N3w8⟨=en_US&utm_source=friendInvite
If you sign up, it’s helps both of us with rewards :)
https://www.kucoin.com/ucenter/signup?rcode=2K7N3w8⟨=en_US&utm_source=friendInvite
I’d totally recommend https://www.dxpool.com/register/phone?refer=390214 I’ve been mining for ages with them and it’s so straight forward. I’m mining HNS (HandShake), doing pretty well at $6 profit a day per machine. If anyone is looking into mining, I’m setting up a farm here, I can get a new machines direct from the manufacturer and they have a brand new machine out soon, but very limited!
I save 50% of the coins I mine then convert the rest to BTC :)
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
I just went for it, 4kwh solar and adding a battery soon :)
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 :)
Thanks man you too, hope that site helps you as much as it has helped me haha
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..
It sounds pretty simply to set up, I will give it a look
Both Pi and Bee, work exactly the same, looking at GUI and set up, but Bee has higher mining rate currently. Next halving coming soon, so get that sweet honey.
You can mine Pi for free, from your mobile, stage 2 currently, pm for link if you want to get in on the action. Open app and tab a button once a day. Easy Crypto, send to friends to increase mining rate.
How much are you making a day from this if you dont mind me asking?
Currently 1.579 Bee per HR, for comparison.
Currently on 0.34 Pi per HR.
+89 votes
14 posts
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.
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.
i've been looking for a good roofer, does he take bitcoin
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.
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.
He gives me hope that the revolution is unstoppable, that an exit from a corrupted society is not only possible but inevitable.
All of his lectures are great. I'd recommend the podcasts over the video, they look like a spycam.
+9 votes
2 posts
by
bayou
Where to Buy Bitcoin In India?
+2 votes
2 posts
by
supergutman
Football/Crypto Fantasy Football
by
supergutman
Football/Crypto Fantasy Football
Ive been playing an Ethereum based Trading Card game called Sorare since August and thought it might get some interest here. It's a global game with fully licesned clubs like Liverpool, Bayern etc and you buy and sell Blockchain protected cards that you own and can sell on the site and on Opensea.
You then enter the cards into 5 a side free fantasy teams competitions with Ethereum and card prizes.
It's very early adoption phase and I've made 8 ETH since August from 2 Eth I was hodling. I have referral links that get us both a free card ( Could be Neymar worth £2k or a Japanese midfielder worth £20 - totally random). Mbappes unique card sold for $65000 recently. I can help you get started with advice on right players and mistakes I made.. it's got a great community and is just a lot of fun to play. PM me for more details and referral links if you want to know more..
You then enter the cards into 5 a side free fantasy teams competitions with Ethereum and card prizes.
It's very early adoption phase and I've made 8 ETH since August from 2 Eth I was hodling. I have referral links that get us both a free card ( Could be Neymar worth £2k or a Japanese midfielder worth £20 - totally random). Mbappes unique card sold for $65000 recently. I can help you get started with advice on right players and mistakes I made.. it's got a great community and is just a lot of fun to play. PM me for more details and referral links if you want to know more..
Obviously i have an ulterior motive for posting this as I'd like free cards but im very interested now in other Nft Ethereum games.. if anyone knows any others let me know..ive played Axie Infinity but got sick of the grinding..
+8.2 votes
3 posts
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
i'll trade you said gold for one thousand bottle caps...
+46.5 votes
14 posts
CRYPTO APOCALYPSE
We got wrecked lol. Long term still very bullish and are hodling for dear life.
ugh bought btc on localcryptos yesterday via paypal. Paypal put a freeze on my funds for 24 hours after I sent it. In 24 hours the btc I bought basically plummeted in value and now I have to buy a quarter instead of a half :(
Done it twice in a two weeks man...feel your pain...coinbase froze me yesterday too...
ugh coinbase is the worst. even a bitcoin atm is better than coinbase.
Lost about £40 this morning, bummer!
I knew I should have made an order last night.
I knew I should have made an order last night.
Just new funds in when you make a purchase, that what you have sitting there will go back up after the covid-19 pandemic
Me too man. Lost about £160 in 2 weeks where I have been trying to decide what to buy!! Been going to bed thinking ‘I’ll sleep on it and do a buy tomorrow’, wake up and boom, fucking buy money half gone... been a proper shit couple of weeks... fucking stock market has got near on a oz of my weed money... ha fuckers...
I decided to sell a 50g block of 24k gold, made an awesome profit from when I bought in 2012, (bought a few in mind of another global meltdown or apocalypse haha) then reinvested a little back in bitcoin about £800 worth and that’s died now. It will come back around though, if only I held off for a week.
Keep that bitcoin for the future when it rises and buy bitcoin now for purchase. That way what you pay now won’t be over the odds and when the market bounces back after coronavirus dies you should be sweet, maybe better off
buy £40 worth of bitcoin now and sometime soon it will double......mayybe
+41 votes
8 posts
Why BTC when you have STABLECOINS
Why BTC when you have STABLECOINS
I have placed a fair few orders here but never posted before. I love it. However it's just a fact that BTC is expensive to move around and the USD value fluctuates wildly. So why not implement a similar system but with stablecoins? A stablecoin on Ethereum is very cheap to transact with and the USD value is... 1 USD.
These are the main ones:
-Tether (USDT): created by the Bitfinex exchange, there are like 4 billion of these in circulation, but it is backed by dollars held in some dodgy bank in the bahamas (or not!!!). May be one to avoid IMO.
-USD Coin (USDC): similar concept but backed by Coinbase. About 400mil in circulation but way more reputable and cleared with US regulators.
-DAI: backed by ETH held as collateral without a dollar in sight, algorithmically pegged to USD. A remarkably clever system that's the closest thing to a 'true' decentralised stablecoin. If you are a clever clogs you will enjoy reading about this one. About 80 mil in circulation.
It gets better... if you build a system that works with one ERC20 token, it works with all tokens! Merchants can get paid in whichever stablecoin they please.
Thoughts? I appreciate BTC has been around the longest and reliable software is hard to come by...
These are the main ones:
-Tether (USDT): created by the Bitfinex exchange, there are like 4 billion of these in circulation, but it is backed by dollars held in some dodgy bank in the bahamas (or not!!!). May be one to avoid IMO.
-USD Coin (USDC): similar concept but backed by Coinbase. About 400mil in circulation but way more reputable and cleared with US regulators.
-DAI: backed by ETH held as collateral without a dollar in sight, algorithmically pegged to USD. A remarkably clever system that's the closest thing to a 'true' decentralised stablecoin. If you are a clever clogs you will enjoy reading about this one. About 80 mil in circulation.
It gets better... if you build a system that works with one ERC20 token, it works with all tokens! Merchants can get paid in whichever stablecoin they please.
Thoughts? I appreciate BTC has been around the longest and reliable software is hard to come by...
to my knowledge the stablecoins are more centralised and they can "freeze funds" whereas the worst thing with bitcoin is tainted coins and there are multiple ways around that.
a decentralised stablecoin where the risk of frozen funds isn't there would be perfect
a decentralised stablecoin where the risk of frozen funds isn't there would be perfect
True. It's interesting though, if this community minted the stable coins and used similar reputation algorithms as the escrow provider then we would have no increase in control loss.
Really good point, they are ultimately reliant on smart contracts, code that executes buy and sell purchases in dollars (or pounds, euro etc) to keep the exchange rate stable.
It gets pretty complex because the markets for these coins are small and manipulable so they build in protective trading strategies to the contract code. Even if the code is open source no one can say if these behaviors will work and keep the exchange rate stable.
This is my gripe with stable coins, they have downside risk with no upside potential.
It gets pretty complex because the markets for these coins are small and manipulable so they build in protective trading strategies to the contract code. Even if the code is open source no one can say if these behaviors will work and keep the exchange rate stable.
This is my gripe with stable coins, they have downside risk with no upside potential.
What you are describing... is pretty much the DAI stablecoin
Here is a really nice article that isn’t too dry!
Here is a really nice article that isn’t too dry!
Coinbase is pretty great in the UK these days. Same day Faster Payments up to 20k, free crypto to crypto trades including DAI and USDC
Unlike our American friends we can use pretty much any exchange we like
Unlike our American friends we can use pretty much any exchange we like
+48 votes
6 posts
bitcoin vs ethereum
bitcoin vs ethereum
What are the main differences between bitcoin and ethereum?
Smart contracts and way cooler community and ideology. Everything starts with an eth. Google Defi, in case you hadnt heard about its recent explosion. The peoples financial system is emerging quickly. BTC looks old in comparison and should play a role as the vaults of crypto, but nothing at all exciting going on. Eth on the other hand...
The ethernet blockchain is "Turing Complete" you can program anything on it. Get a metamask extension for your browser and you can cruise a "decentralized web" that runs on top of the ethernet blockchain. These sites are more resilient than the tor hidden service they really can't be taken down since there is no server.
Bitcoin is a platform for money - like an open network for accounting software vaguely.
Ethereum is a platform for more complex contracts between computers - like an open network for business law. The ETH coin is a subset of all this.
Ethereum is a platform for more complex contracts between computers - like an open network for business law. The ETH coin is a subset of all this.
Just to expand on "social accounting" its basically a bunch of computers agreeing that a coin moved from one to another, with all the records being opened and "confirmed", thats why you wait for confirmations after you send coins.
The motivation behind them is hugely different. bitcoins were created by libertarian types, looking to create a free world on the internet.
Ethereum was more about technical perfection for such an effort. It's not only a coin but a language for commerce between machines.
Ethereum was more about technical perfection for such an effort. It's not only a coin but a language for commerce between machines.
+4.2 votes
5 posts
BITCOIN Mining profitablity
BITCOIN Mining profitablity
Hi all I used to do a bit of btc mining sometime ago with an old pc and a couple extra graphics cards, madeareasonable amount doing it just wondered if anyone else still did it and if so is it still profitable? and what set up do you use?
Unfortunately I think the mining ship has sailed , probably much better just buying and holding bitcoin.
I got CryptoTab and am really impressed -> https://cryptotabbrowser.com/16942477
I mined enough to buy 3.5g in no time by browsing the web!
I mined enough to buy 3.5g in no time by browsing the web!
Ive found the best way is to mine passively using a browser, im on 16TH/s. With two android devices and a pc. Take a look, if you dont want to you dont have to but ive been earning for some time now, with no cost you can make $1-$2 a week, doesnt sound like alot but for absolutely nothing its amazing. You can buy multipliers and things after you have earnt some btc if you want and then you can really start earning.
Take a look, no strings
Take a look, no strings
+9 votes
2 posts
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.
wait are we the chickens?
+15.2 votes
6 posts
silk road treasure opened
silk road treasure opened
a billion dollar stash of btc has just moved from it's ancient wallet.
They were just charged 9 quid to transfer a billion. That's mad. I didn't know charges were capped.
the more fragmented the coins the more processing required. this is the definition of old money. hope some cunt hasn't just stolen it.
"the more fragmented the coins the more processing required"
something i'm only realising now! with the many payments from LB my transactions when cashing out are massive, costing me 50 quid odd just to move it. And looks like one of the alphabet agencies has seized it :(
something i'm only realising now! with the many payments from LB my transactions when cashing out are massive, costing me 50 quid odd just to move it. And looks like one of the alphabet agencies has seized it :(
Blockchain are trying to charge me £13 to transfer £45 lol....I need to find out where they got it so cheap hahaha
Let us know if you find it!
+28 votes
12 posts
by
V0ices420
Bitcoin price
by
V0ices420
Bitcoin price
Is there anyone else that used silk road back in the day and almost feel sick to the stomach when you see the BTC price? I found an old email I sent to Britcoin (First ever UK bitcoin exchange) telling the owner I just transferred some money over to his account at the end of 2011. I think I paid £8 each bitcoin, I wouldn't think anything of it having 50 BTC in my account. They changed there name to intersago and just fucked off with everyones coins but at the time that was part of the 'industry'
Tech friend I had insisted that I buy at $200. Told him the whole thing was batshit crazy and didn't. I wasn't wrong. I just underestimated the stupidity of man.
Many, many moons a go when I was a home working web developer I took on a random job for 500bitcoin, they weren't worth anything at the time really they where still brand new, you can probably guess where this is going.... in the end I just kind of forget about them and then my harddrive died and I didn't even think about trying to get them back.
They'd be "worth" about 15mil today lmao, ah well easy come easy go and all that :P
They'd be "worth" about 15mil today lmao, ah well easy come easy go and all that :P
lol mate. do you still have the hard drive. ??
Omfg ZZ,.....That's mental, I love your attitude tho :)
Have you ever heard about that guy who bought a pizza for a million plus bitcoin, like you said they were worth nothing really at the time.....he paid 20+ billion in today's price for a pepperoni pizza....shit man
Have you ever heard about that guy who bought a pizza for a million plus bitcoin, like you said they were worth nothing really at the time.....he paid 20+ billion in today's price for a pepperoni pizza....shit man
hope it was a cheese filled crust lmao ;)
lmao that's amazing there's bound to be loads of stories like these out there especially from the early days, you have to laugh about it really or it'd drive you mad haha plus it's all hindsight now innit :)
Yeah there must be loads of stories like that, you're completely right bro it's all hindsight....It would be way worse the other way round, people paying millions for them and they end up worth fuck all lmao
Mate I wish I put a grand in my BTC account in October.
Seems to be flying back down today. Lost 25% in one day and still going. You might get to October numbers by the end of the week mate
Yesterday was the day I was going Chuck a grand in too.
+9 votes
4 posts
BTC DIP. TOO EARLY TO PANIC?
BTC DIP. TOO EARLY TO PANIC?
Ouch. the btc price has taken a slight but some what expected battering.after all the mad gains in recent months is this a minor setback or is it about to crash? Cheers UKDD
Whats the end game for bitcoin investors? Like how do they get out? All I ever hear is "don't sell" "hold, hold, hold" and long term they probably right, it might shoot up again but to cash out you have to be the first to sell because once the selling starts the price falls out the arse.
My advice, which is worth nothing, would be to decide for yourself your price point that you're happy with and sell at that point at every chance you get as quickly as you can. Otherwise at what point does the bitcoin value actually turn into real profit? Doesn't matter how high bitcoin goes if YOU don't get to sell at that price.
My advice, which is worth nothing, would be to decide for yourself your price point that you're happy with and sell at that point at every chance you get as quickly as you can. Otherwise at what point does the bitcoin value actually turn into real profit? Doesn't matter how high bitcoin goes if YOU don't get to sell at that price.
9 out of 10 people are in Bitcoin to make money, they don’t hold it to buy items ( in general, excluding sites like biggy etc ) it’s not something people buy to use, it’s an investment/ gamble to make money. So people who did invest to make money have seen 50% gain in the last few month, that tied in with a resistance point that didn’t hold this time 30k, this has / will see it test 20k, as long as 20k holds, it will be fine and bounce around 20 to 25k ... if it falls though 20k, next stop will be 15k.
All in My opinion.
I do a lot of stock trading but Bitcoin is new ( ish to me ) so please take with a shovel of salt
All in My opinion.
I do a lot of stock trading but Bitcoin is new ( ish to me ) so please take with a shovel of salt
Just a track back as small -med investors take their gains and cash out. More for us, theres only one way this is going the year and thats an upward trajectory me thinks. Hoping it drop a bit more and ill buy bigger at bargain price-long term not short plays for me
+20 votes
12 posts
by
HelpTheAged
which are the top 5 crypto exchanges?
by
HelpTheAged
which are the top 5 crypto exchanges?
I use paxful. Probably they deserve a spot in the top 5.
Based on users' own experiences, who else should make the top 5?
TIA guys
Based on users' own experiences, who else should make the top 5?
TIA guys
Coinbase for me.
I recommend Bittylicious, their fees sometimes are a bit higher than other exchanges, but their service is fast and easy to use
paybis
Coinbase Pro is what I use. So easy via the app. There’s a transaction fee charged to transfer BTC, guess they need to make their money.
Ones I use the most are bittrex, Binance And Coinbase. Also worth doing some research on uniswap (decentralised exchange).
Coinbase & Wirex need a mention
I'm curious about Localbitcoins and bitpanda. Anyone using these mahr fukrs?
I use localbitcoins no complaints
+1 votes
1 post
by
Mokum
Minimal transfer amount & hardware wallet (7/01/2021)
by
Mokum
Minimal transfer amount & hardware wallet (7/01/2021)
The current software wallet I have has a minimal transfer amount of 0.003 btc. Now that btc is this high ( 37k at the moment), it starts to become a real issue. I ordered a hardware wallet but I think (correct me if I am wrong) that I still need some kind of software wallet/app to make payments. What works best with hardware wallets and doesn't has this (high) minimum transfer amount?
Thank you and love you all.
Thank you and love you all.
+2.8 votes
3 posts
by
Oneoddsock
I am utterly clueless
by
Oneoddsock
I am utterly clueless
So... My delving into bitcoin has been an immeasurable failure so far. I ended up in etoro? Okay... So that needed me to transfer them to a wallet. Fantastic. Let's do that. No it won't let me. Wait, now I'm confused. Fuck this crap... Sell and withdraw my money and try something else.
Verified now in bitpanda. But have to wait a few days for my money to return before I can buy any more. Feel like an idiot and have no idea what I'm doing.... ?
Verified now in bitpanda. But have to wait a few days for my money to return before I can buy any more. Feel like an idiot and have no idea what I'm doing.... ?
+17 votes
9 posts
BTC at 17K GBP!!
BTC at 17K GBP!!
I haven't seen prices like this since 2017. how high will it go?
I've been messing around with crypto about 4 years now. Buy as much BTC as you can and just hold it, dont spend it. Have a working BTC wallet and a savings wallet. If sure does add up especially with big jumps like recently. BTC is only getting started. Its being adopted by US Financial Institutions as a hedge against USD inflation. The price of BTC will probabely double again next year. Some people think it could hit 100k USD.
I hope it hits 100k, would make me a very rich man haha
the future of btc is looking good. if im honest i am no crypto wizzer but everything im reading is promising. who knows. Cheers UKDD
I think your right about that
You make any money from the rise?
I made a big order of distillate just before it went up so i'd spent a lot of my btc so I din't make too much either, oh well haha
+11 votes
7 posts
by
Agent Blue
I'm a fool
by
Agent Blue
I'm a fool
So I've never used bitcoin before! I setup a wallet and made a payment, waited for it to go through and then checked my bitcoin wallet and it showed the amount I paid for in there. I then proceeded to try and make a transaction but couldn't work out why it said I had no bitcoin to spend, and I was like "wtf why can't I spend this". I didn't realize that you have to wait for the bitcoin to go through another process of bitcoin transaction or whatnot...
I guess I just have to wait a little longer before I can spend the bitcoins..
Hmm so the transaction went through and I've made 2 orders so far, I've tried to put a another order through but for some reason it says I don't have the bit coin for it even though I do. Any ideas why this is happening?
I guess I just have to wait a little longer before I can spend the bitcoins..
Hmm so the transaction went through and I've made 2 orders so far, I've tried to put a another order through but for some reason it says I don't have the bit coin for it even though I do. Any ideas why this is happening?
Well it seems its all fixed now, I've placed my orders and now just have to wait.
Sorry about all this I'm new to using bitcoin and was a tad worried about the situation!
Here's a bad joke to make it up.
I told my wife I was going to make a car out of spaghetti, fussili and macaroni, she thought I was joking but she won't when I drive pasta.
Sorry about all this I'm new to using bitcoin and was a tad worried about the situation!
Here's a bad joke to make it up.
I told my wife I was going to make a car out of spaghetti, fussili and macaroni, she thought I was joking but she won't when I drive pasta.
You should be able to spend unconfirmed bitcoins, I do it all in the time using electrum wallet, maybe there's an option you need to enable in your wallet.
As for the second part do you have enough BTC to cover the transaction fee as well as the payment? remember you always need a little bit extra :)
Good luck mate
As for the second part do you have enough BTC to cover the transaction fee as well as the payment? remember you always need a little bit extra :)
Good luck mate
Yeah I made sure that I had enough in my wallet to buy my items and have more than enough to cover any transactions I made. Like I said I new to bitcoin and am most probably just having some teething problems at the moment.
I'm using a ledger nano 2 just for reference.
I'm using a ledger nano 2 just for reference.
+1 votes
1 post
by
Mokum
Head shops that accept bitcoin (18/12/2020)
by
Mokum
Head shops that accept bitcoin (18/12/2020)
Hi Biggaz,
With Bitcoin going nuts write now, I like to go shopping (besides LB :) with the bitcoins I already had. I was looking for good head shops that accept bit coin. "Everybodydoesit" doesn't do his name justice, because they stopped accepting bitcoin.
So if you know any let me know.
Thanks in advance and have happy holidays.
With Bitcoin going nuts write now, I like to go shopping (besides LB :) with the bitcoins I already had. I was looking for good head shops that accept bit coin. "Everybodydoesit" doesn't do his name justice, because they stopped accepting bitcoin.
So if you know any let me know.
Thanks in advance and have happy holidays.