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Wednesday, May 31, 2017
BitcoinTV: by Tone Vays on YouTube
@ToneVays https://twitter.com/ToneVays Website: http://ift.tt/1ozzb3b Donations: 18ZrC9v2z4jyY4UFLHgNkTMcsEhKsQPiW7 Magic Money Film: http://ift.tt/2kGRi82 Use discount Code "tone" if purchased on Vimeo BNC Liquid Index for Bitcoin On Trading View: BLX 1Broker affiliate code: 14766 (use at your own risk, it's unregulated): http://ift.tt/2q3uCDo BitMex affiliate code: http://ift.tt/2q0Jogc Disclaimer: The 1Broker & BitMex affiliate links are to be used at your own risk, I mostly use them to just place trades for less than $100 and I'm ready for all my bitcoins being hacked. (best is to always hold your own keys) Time Index: 00:01 - Intro & Travel Schedule 02:30 - Equities 04:00 - Gold 06:00 - Oil 07:30 - FX (EUR & EURGBP & CADUSD) - French Elections!!! 09:00 - Bitcoin Technicals 19:00 - Importance of Aug 2017 referenced in 2014 23:30 - Ethereum Classic ETC thanks to Private Clients 30:00 - Start of Q&A Article on Time: http://ift.tt/2saX1qX Tone Vays is available for consulting at the rate of 0.1 btc per hour. Please email Tone@protonmail.ch for additional info.
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BitcoinTV: by BitcoinMeister on YouTube
Today was a big day for Ethereum. At one point 1 Ethereum was worth 10% of 1 Bitcoin. A few people have said that I should shift my long term Bitcoin strategy because of momentous altcoin events like this one. I am not a trendy person who makes important decisions based on a whim. Holding Bitcoin throughout the ETH surge has been very beneficial for BTC holders. Did ETH speculators do better? Yes, but that does not mean that long term or even short term that holding BTC was bad. It was very good in fact. What other financial instrument has gone up 4X in a year? So continue to think long term and decide for yourself what you would rather hold until at least 2020. I know I am sticking with Bitcoin. Good luck to all the legitimate cryptocurrencies! Tuesday's Simon Dixon Interview- https://www.youtube.com/watch?v=XNGzhWODF2s WATCH MONDAY's SHOW-https://www.youtube.com/watch?v=C39_7mzqwPg Sunday's show- https://www.youtube.com/watch?v=022BcdUHLSw andreas antonopoulos- -------------------------------------------------------------------------------------- CryptoHWwallet affiliate link- http://ift.tt/2pynGy4 MeisterFreeHW1Over200" This is the coupon that is for people who spends over $200 (exclude shipping) to get a free H.W1. Ledger hardware wallet. Limit 10 pcs only coupon use at first, first come first serve basis only. 1 per customer for up to 10 uses. "MeisterFreeTShirtNoPurchaseNeeded" free Tshirt with no purchase necessary. buyers need to add the tshirt into the shopping cart, Apply coupon, it'll deduct $7.99 from total which leaves $5.00 to be paid for Shipping SHirts could run out so there might be shipping delays. . There are total 6 crptocurrencies. Bitcoin, Dash, Litecoin, Ethereum, Zcash and Monero. CryptoHWwallet Facebook link: http://ift.tt/2pkt6hl Twitter: https://twitter.com/cryptoHWwallet UPVOTE THIS- http://ift.tt/2rltM5q Buy your Bitcoin Trezor storage device here: http://ift.tt/2l8wT08 Buy Bitcoin at Coinbase here: http://ift.tt/2frK5re CryptoHWwallet affiliate link- http://ift.tt/2pynGy4 Adam's Twitter- https://twitter.com/TechBalt Adam's Minds- http://ift.tt/2r6vSJk Support the cause if you like what I have to say: BTC: 124ZqLGRePVx4P6YSDLnzjETZ1ByFsDTfb ETC: 0x36ab30f3ef5165e29b5fcefbc06511004c16ed31 Monero: 47MnZvoKVeZL4xhczW3t7zTnHQhJ3wkJ2Yxgyh2iWKTDhqrvdxjg41xZXrJhzn4yXxGVCJyNBroxK738rHKfGPWkQRQ2jj1 LTC: LaFAfLv9XoadM3kPDpMoPKcxHWYQop8uSs ETH: 0x7386dbca3e8da787cc39190802fcba85a07ea5a9 DASH: Xjcpo8Lh6NKQoV3F12pGpXUiK4XRoQyudN Decred: Dsoq2ZPcqQDj5TSBLMAFX2SxCMHaYFnDty4 I ACCEPT EVERY ALTCOIN! This video explains what to do to get me to list, talk about, and create a payment address for your favorite Altcoin: https://www.youtube.com/watch?v=VD9GOslS4zg Very Important Bitcoin and Altcoin storage video you need to watch- https://www.youtube.com/watch?v=aulSblKDeIU My latest Steemit post: http://ift.tt/2qrm8FA My Steemit page: http://ift.tt/2eAQkeJ https://www.youtube.com/c/BitcoinMeister http://ift.tt/2fIBPWR Value of every cryptocurrency- http://ift.tt/1oKjfXP Watch more of my Bitcoin videos here: https://www.youtube.com/playlist?list=PLLgyAakZPtCVQKl6naVHUfOiICFG8BYMp Adam Meister is available for an hour long Bitcoin/cryptocurrency consultation where he can walk you through the Trezor installation process and help you move your Bitcoins to the Trezor. He will answer all your questions in that hour. Trezor is just one Bitcoin topic that Adam can help you with, you can ask his advice on anything cryptocurrency related. From marketing and promotion to Altcoins to storage and the buy and hold philosophy. Adam's hourly rate is 0.15 Bitcoin. Feel free to email: Adam AT TrezorHelp DOT com to set up a Skype/phone consultation or to arrange an in person appearance or speaking engagement. Adam is available to speak at conferences around the world. Follow Adam on Twitter here: https://twitter.com/TechBalt Buy your Bitcoin Trezor storage device here: http://ift.tt/2l8wT08
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A Bitcoin Beginner’s Guide to Surviving the BIP 148 UASF
This is a re-write of A Bitcoin Beginner’s Guide to Surviving a Coin-Split, specifically addressing issues associated with the upcoming BIP 148 UASF.
There is a chance Bitcoin will experience a chain-split on August 1st. A segment of all Bitcoin users is committed to activate a user activated soft fork (UASF) as described in Bitcoin Improvement Proposal 148 (BIP 148). Specifically, they will reject any Bitcoin blocks that do not signal support for Segregated Witness (SegWit), the centerpiece of Bitcoin Core’s scaling roadmap.
If a majority of miners (by hash power) does not signal support for SegWit on August 1st, but at least some do, Bitcoin’s blockchain will split in two. In that case, there would be two types of Bitcoin tokens, which we’ll refer to in this article as “148 BTC” for coins on the soft forked chain, and “Legacy BTC” for coins on the chain that did not activate the soft fork.
The good news is that each bitcoin would effectively be copied to both chains. If you hold bitcoin right now, you will hold both 148 BTC and Legacy BTC after the split.
The bad news is that this coin-split can be messy and risky. And if you’re not careful, you could lose funds.
This guide will provide you with the basics to keeping your funds safe during the UASF and will help to make sure you make it to the “other side” with all your bitcoins intact.
Author’s note: If you want to play the 148 BTC/Legacy BTC markets as soon as possible and you are fine with taking risks, and/or you really know what you are doing, this article is probably not for you: It’s a beginner’s guide.
Before August 1
First off, be aware that a chain-split can be a high-risk situation. There is a chance that some sort of cyber-battle will break out between the two camps, perhaps even escalating to the point where bitcoin’s exchange rate(s) drops sharply, possibly to zero. Make absolutely sure you are not holding more value in bitcoin than what you are willing to lose.
If you do decide to hold onto your bitcoins, the single most important piece of advice is this: Ensure that you control your own private keys.
If you are storing your bitcoins on an exchange, in a custodial wallet like Coinbase, Circle or Xapo, or on any other service that holds your private keys for you, you may or may not eventually receive coins on both ends of the chain. In fact, if these kinds of services aren’t well-prepared, there could be scenarios where you don’t get any coins at all. So far, no exchanges have given any kind of guarantee.
So if you’re using any of these kinds of services to store your bitcoins, you need to create your own wallet. Send your bitcoins to one or several Bitcoin addresses in this new wallet. This wallet now holds your private keys.
What kind of wallet you use is up to you. That said, here are some basic solutions:
If you don’t care about transacting with bitcoin (either 148 BTC or Legacy BTC) anytime soon and really just want to keep both as a long-term investment, printing your private keys on a paper wallet is one option. This option, however, is only really secure if you follow strict security precautions, which you can find here. Another option is to get a hardware wallet. Any of the hardware wallets listed on bitcoin.org will keep your private keys secure.
Most regular desktop or mobile wallets, as listed on bitcoin.org, are about as secure as your computer or phone is. Since most computers and phones are not all that secure, these are not ideal for large amounts. With that in mind, all mobile wallets and desktop wallets listed on bitcoin.org will store your private keys for you.
Additionally, a BIP 148 full node wallet gives you some extra security if you want to be on the 148 BTC chain and accept 148 BTC. More on that below.
In any case: Be sure to make backups of your keys! Most wallets require you to do this when installing: don’t skip this step.
On, and Perhaps (shortly) After, August 1
If a majority of hash power signals support for Segregated Witness on or before August 1st, the protocol upgrade will activate smoothly. In that case, you’re fine, even if you didn’t prepare at all.
But it’s also possible that a majority of hash power will not go along with the UASF on August 1st, in which case the chain could split. If you hold your private keys, you will then have both 148 BTC and Legacy BTC.
Such a chain-split could resolve in several ways.
If on or after August 1st, the 148 BTC chain becomes the chain with most accumulated proof of work, the Legacy BTC chain will completely disappear, and the situation will be resolved as only the 148 BTC chain would be left. It will have conclusively been a temporary split, and you should be fine if you held onto your private keys. You can now continue to use bitcoin as usual.
But unless and until this happens (or other types of precautions are taken), there is always a risk that the Legacy BTC chain can theoretically be overtaken and disappear entirely. That chance should decrease as time goes on, but will realistically exist for days and maybe even weeks or longer — even if not a single block is found on the 148 BTC chain for a while.
As such, buying or accepting (or even holding) Legacy BTC after the split is very risky. These bitcoins can literally disappear if the 148 BTC chain ever overtakes the Legacy BTC chain. Therefore, it’s not recommended that you accept any Legacy BTC — if you do, at least be aware of and comfortable with the risk that your money could cease to exist.
Buying, accepting or holding 148 BTC will be a bit safer, though still risky. Most importantly, there is no guarantee that 148 BTC will continue to be used. While that is of course true for any cryptocurrency, due to slow mining difficulty adjustments and a potentially hostile environment, it’s probably a bit more true for 148 BTC. Additionally, block confirmations may be very slow for quite a while which could make using 148 BTC for transacting impractical.
If you do want to accept 148 BTC, you need to run a BIP 148 full node as a wallet. You can find more information about that here.
On top of the Legacy BTC disappearing, there is a second big risk: replay attacks.
Unfortunately, BIP 148 currently does not include “replay protection.” This means that in case of a chain-split, transactions on both sides of the fork will look identical. If a transaction is picked up by both 148 BTC and Legacy BTC nodes — for example, because the receiver of a transaction retransmits that transaction — the transaction may be valid on both chains. This is called a “replay attack.”
As such, spending coins on one end of the chain could make you accidentally spend the equivalent coin on the other side of the chain. Instead of paying someone only in 148 BTC, you may unintentionally send Legacy BTC as well or vice versa. 148 BTC and Legacy BTC are initially “stuck together.”
The best way to prevent replay attacks is simple: Do not send any transactions. At least not until it is clearer to everyone what the post-fork situation looks like.
After the Chain-Split
In case of the BIP 148 UASF, it is a bit hard to say what “after the chain-split” actually means.
If the 148 BTC chain gets more accumulated proof of work, it should be the only chain to survive, and the split would be over. All 148 BTC would then simply be bitcoins (BTC) again.
But if that doesn’t happen fast, and even if the Legacy BTC chain appears non-active, a chain-split could, at the very least, linger for a while. Miners could start mining on that chain at any time. As such, the 148 BTC chain can in theory always wipe out the Legacy BTC chain — theoretically, even after months.
And there are also possible scenarios where the two chains — 148 BTC and Legacy BTC — coexist. What’s more, even a scenario where more than two chains emerge can’t be taken out of the equation. In these scenarios, you will have coins on both (or all) sides of the fork.
But as mentioned, it will be tricky to spend coins on one chain without accidentally spending the equivalent on the other(s). And the bad news is that splitting these coins can be a bit complex. (It will require freshly mined or double-spent coins.)
The good news, however, is that some exchanges will likely set up coin-splitting services and take care of most of the complexity behind the screens. You’d just need to send your bitcoins to an exchange, and the exchange will credit your account with 148 BTC and Legacy BTC. (They should even replay the transaction for you to make sure they indeed receive both your coins.) At that point, if you want, you will be able to sell or trade your coins.
If the split persists, there should be wallets for both coins soon enough. Of course, you may need to upgrade your existing wallet or download a new wallet if and when this happens. This outcome also remains to be seen. Do not accept any transactions on your wallet before this is clear.
Further specifics on what to do after a coin-split will be announced on Bitcoin Magazine (and most likely on bitcoin.org and other sources of information) if and when a coin-split occurs and we have a better understanding of the post-fork situation.
So, to Recap ...
1. Control your private keys.
2. To be on the safe side, avoid any transactions on and shortly after August 1st. (How “shortly after” depends on what happens.)
3. If there are still two chains when the dust settles, split your coins into different wallets.
This article will be updated as news develops.
The post A Bitcoin Beginner’s Guide to Surviving the BIP 148 UASF appeared first on Bitcoin Magazine.
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Bitcoin Scam Fighters – First Legal-Services Offering Platform to Fight Cryptocurrency Scams
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
May 30, 2017: BitcoinScamFighters.com is the first legal services offering and against Bitcoin-related scams and frauds that are increasingly taking place worldwide with the emergence of the cryptocurrency. They are also collaborating with global law firms to increase improper digital asset management and trading cases success cases. Moreover, the company has an active social community with traders, investors, entrepreneurs and businesses worldwide.
The founder of the platform Victor Grosser, a young entrepreneur, and investor, who has been hurt by several exchanges, such as Mt. Gox and most recently Poloniex. These exchanges have locked down his cryptocurrency trade investments without any particular reason or communication given and limited his withdrawal amount from his total investment funds on the exchange. Much like others users of this platform, he has attempted to reach the company’s representatives several times and has yet to have received a response from them.
Through BitcoinScamFighters.com, his intent is the cracking down of scams and fraud for new types of cryptocurrency. “Many investors and traders got hurt because of frozen accounts and the downtimes of these websites. And the government did (almost) nothing or take actions against these groups or companies.” With new online cryptocurrencies being unknown and not always governed consistently, Grosser and many others see the need, and a place for this platform as cryptocurrencies are currently being accepted more and more as suitable payment for services or items.
So far, Bitcoin Scam Fighters Limited has announced that they have requested; www.tokenmarket.com for the launch and managing the ICO for the fundraising of their platform. The application was made by the company’s CEO Mr. Victor Grosser, and he has expressed high hopes and optimistic views about the collaboration of the two entities.
Selecting TokenMarket.com was also a wise choice in the market because it is a unique platform of its kind in the industry and has a lot to offer. The UK-based company will send a complete set of white papers to TokenMarket.com and is hoping for the best response.
For more information, please visit: http://ift.tt/2rouktD
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
The post Bitcoin Scam Fighters – First Legal-Services Offering Platform to Fight Cryptocurrency Scams appeared first on Bitcoin News.
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