yea, much cheaper on binance it seems

.01%

I recommend converting to LTC as the transaction fees are cheaper. To clarify, there are exchange fees and transaction fees, recommending LTC for lower transaction fees and Binance for lower exchange fees. (nevermind I mentioned GDAX, deleted that part, extraneous info.)

Ok ty. I think my biggest issue at hand is getting coinbase to work for me

So today I am going to setup a mainstream bank account

I see, that should do the trick

I am hoping that is the only holdup

that's too bad about the fee fiasco :[

Can't wait to get on coinbase!!!!, you're welcome, localbitcoins!!!!!!!

Ugh, indeed

sounds like you are getting the hang of it though, hopefully smooth sailing from here

I lost a chunk messing with some weird wallets when I started

Good to hear, lmk if any other questions

Ty very much!

https://amp.businessinsider.com/bitcoin-price-explosion-wall-street-spends-bonuses-2018-1?__twitter_impression=true what do you guys think?

Even if that doesn't actually happen, could we meme a price rise into existance by spreading that article?

With coinbase, when using a bitcoin atm, does it use a qr code to recognize your account? Saw some videos that some work this way, curious on coinbase working the same?

@Deleted User that's the easiest way to do it (might be the only way for that particular ATM) in theory you could type in the whole wallet address if the ATM let's you. In practice though I would mention Bitcoin ATMs five pretty bad rates, very expensive to buy or sell Bitcoin with them

Thanks @ThisIsChris

Just bought my first masternode I'm pretty excited

Hey boys, the WorldCoinIndex just took off some Korean Exchanges from their website, so a lot of Cryptocurrency is DROPPING really hard right now. Just letting you guys know.

I sold all my ripple because of this, will buy some more when Ripple starts going up again.

Freedom isn't free

BTC has been a little funky since futures were introduced, as they've used paper gold to control physical gold for a long time it wasn't the greatest news. The hope is that some new crypto will keep popping up to act as a release valve for manipulation. And when Dimon says "government" he means Jews.

well, naturally

>all crypto will be government controlled
cant control all the nodes and cant break the code to take it away fast enough even with quantum processing speed. only thing to control is exchanges and even then the blockchain ISP will make that irrelevent. privacy coins will obfuscate it even more with ring signature.

that CEO doesnt know jack about the tech he is talking about.

the only way they can stop it now is by shutting down the grid which they wont do.

Who mines Monero here?

i do

just upgraded my setup too

thinking of moving some profits into mining

Don't have enough money to buy a dedicated mining rig, I've seen some people rig up USB coprocessors. Any info on that?

let me give you the skinny on mining. assuming the coin price stays stagnant you will make your investment back in about 1 year 3 months. however the coins always go up more than what they were a year ago, if you want to start mining a different coin because it has become more profitable it works just as well, the parts you buy will have a minimum age range of 5 years (really about 7-8).

have you heard of BURST?

nope

on the USB coprocessors, i dont think they are really that viable imo.

better to save up the 3k for a decent rig to put together

https://www.burst-coin.org/proof-of-capacity

im going to read up on burst. looks like an interesting concept.

https://coinmarketcap.com/currencies/burst/

if it doesnt constantly overwrite bits on free space then it could be really good.

I need to learn more about all the tech, just starting a data structures course which I'll follow with a cryptography and then cryptocurrency course

hasn't stopped me from speculating though, why do you say "if it doesnt constantly overwrite bits on free space then it could be really good." if you don't mind briefly explaining?

I'm currently using a laptop and cooling pad to mine Monero but I think I'll get to work on building a dedicated mining rig over the spring and summer.

Of course it helps that I'm taking computer architecture this spring.

nice

any particular reason why Monero for mining? Besides it being a good coin?

I think that if any other coin has a chance of increasing in value like Bitcoin, it's Monero as it offers something more of value than just "being like Bitcoin".

Namely it offers more privacy

it's a solid one for sure

BTW total newb question but, how do you buy crypto currency with us dollars?

https://www.coinbase.com/ and I'm hearing more about https://gemini.com/ might be cheaper than coinbase

Interesting, Gemini is what the bitcoin futures contracts are based off of, and a lot of brokers use Gemini as a reference point for the "official' price of bitcoin.

I take it you can also sell crypto currency there as well right?

I know nothing of Gemini tbh, checking it out

Yes, coinbase also owns the site GDAX.com which is an exchange with charts and more intracate ways to buy/sell

for altcoins there are a variety of popular exchanges, some I can think of are www.bittrex.com www.binance.com www.gate.io www.huobi.pro www.poloniex.com www.bitfinex.com

Thanks

www.cryptopia.com

I end up using a bunch because some have the coin I want but not another etc etc

How much are you averaging or most spent on transaction fees when sending bitcoin to another address??

I will bite. Sent $5.00 to IE just testing out this as new. And came to $19 something! 😱

So $14 mining fee!?

So BTC is down. Is the whole market down?

Comment from HN https://news.ycombinator.com/item?id=16121434

"Yes, there was extremely wide discussion in 1999 and 2000 about the dotcom party being typically somewhere between fraudulent and a giant bubble. The Buffett side of traditionalists won that argument, by a landslide. In the end, profits mattered, sales mattered, and something a lot closer to a traditional valuations model won out.
There was common discussion about junk dotcoms like TheGlobe.com, DrKoop.com, Geocities and dozens of others, and how they had no actual sustainable business (and often no plan for when they'd develop one). Scient, Viant, Razorfish, MarchFirst, and dozens of dotcom service companies were granted crazy valuations versus existing traditional peers (which is history rhyming re Ripple vs PayPal/Stripe/Square/Ant/etc).

The high burn rates, the lack of business models to actually make money, some that went public with practically no plans for how they'd make money at all, extremely high valuations on the few that were making money, and so on. These things were all very widely discussed, many skeptics were shouting about it, it wasn't popular to give them TV talking time (channels/sites like CNBC et al have a vested interest in pushing exuberence)."

@this_that5553 yes, it's hard to balance optimism and pessimism especially in the short term vs near term. For example, there were signs of a housing bubble in 2006 but the crash in 2008 didn't even dip below 2006 levels so it would not have been ideal to start holding off at that point. Seems the economy has feast and famine periods and you lose a lot if you don't eat during the feast periods. Personally I've dealt with this ambiguity by having already pulled out my initial investment in crypto, only using profits, and I will probably take some of those out soon too

@here I’m ready to buy my first Cryptocoin, specifically Iota. Can someone help walk me through the process?

@Wotan Klan-GA as I understand it most people start by buying Bitcoin and then using that on an exchange to trade for a coin like Iota

@Aldo
[6:27 PM] Aldo: hasn't stopped me from speculating though, why do you say "if it doesnt constantly overwrite bits on free space then it could be really good." if you don't mind briefly explaining?

if it constantly overwrites bits on free space then it will drastically reduce the life of the drive and lead to bit errors.

when you save something to your hard drive it saves it in new space, when you delete something it is still there and the UI shows it as new free space however the computer will continue to write on "true free space" until it no longer can and will start writing on the deleted file free space.

the reason it does it this way is because writing bits on top of bits will reduce the life of the hard drive.

there is a few other things going on as well but this is a very simple explanation. its also the reason you dont want to defrag an SSD

Best XRP wallet? Thoughts?

Potential major strike against the jewish banking system:
https://usethebitcoin.com/arizona-allow-people-pay-taxes-cryptocurrencies/

Crypto speculation is a great way to maybe make money but the idea that it will replace government issued currency is insane. How is anybody even thinking that? I mean, a US law requiring backbone providers to filter out port 8333 and bitcoin protocol is all it would take to shut it down forever. Again, it is fun, make we can make some money. I have been mining since 2013 and i love the algos behind it. Anybody that thinks bitcoin can become money and government 'cant do shit about it' should explain how bitcoin is different from Schrute bucks being currency.

I guess maybe some bros could run wifi p2p network... in the woods... but less than 150 feet apart

Yeah tbh, it’s too easy to lose your life savings with crypto. Maybe somebody will sell crypto insurance though

>some bros could run wifi p2p network
thats literally the idea behind blockchain ISP. there are ways to make it work.

decentralization is the future of the internet

bitcoin just happens to be the first real good thing to come from it

Any of you goys with significant crypto holdings will probably appreciate a little something I whipped up in mspaint after seeing my blockfolio this morning

Haha

yeah what happened, everything halved or quartered this week

https://diegorod.github.io/WillMcAfeeEatHisOwnDick/

BLACK COIN WEDNESDAY!

Im a little nauseous with the sudden and spectacular loss of wealth. lol

debating buying in to Aragon...

I would wait a couple days until all the newbees have sold and stop screaming into their pillows.

There are some good values now but I look at the chart over the last 3 months and, well, we are now in correction mode. You can even see where the whales are interveining to stop the freefall of prices.

Would whales intervene, I wonder? @Max White

@ThisIsChris Right now.. yes.. big players want crypto to stay, and old money wants it dead.

@Max White I've been thinking about this a lot, I think it's bitcoin's biggest problem right now. Bitcoin could use a lot of investment in updating the core software. But who will pay for it? The reason I think it is hard is that there is a freerider problem. Whoever doesn't pay get's to rest on the laurels of whoever does pay. No one wants to be the sucker. I don't know if it's obvious which whales would feel obligated to pay up for needed work. Needed work like solving memchache issues or impementing lightning networks or whatever else

I look at it like this..if Bitcoin really open source.. its now expensive to transact.. new platforms will rise. The only thing keeping Bitcoin alive is that so many poeiple have invested in it, mined it, have many coins, and so on. For me, I would never invest in bitcoin now, The new platforms are around the corner. This is like 1995. I remember it well as an old fag

@Max White ah ok that's where you were going with it. I agree! I think there's a lot of potential in the space but I don't know if there's anything for investors to do at the moment.

BTW, did u hear, George Soros invested into blockchain tech this month.

hmm

Blockchain is legit. Now its about who contols it