Any chance of an off-topic thread?

Blacktie.

Like in all the other major subs. I'd imagine it will still be mostly crpyto oriented but for some small questions and stuff people might have that doesn't deserve it;s own thread and just general banter on stupid stuff.

smacl

In the spirit of being on topic for an off topic thread

Zascar

Yeah good idea. Just to say it's great to see this forum really taking off and I think its going to become a very valuable place - with great advice and a bit of craic too!

FastFullBack

I have a question about Blockchain so may as well put it in this thread.

Can you have a decentralized blockchain without an associated crypocurrency or token? For a blockchain to be truly decentralized there needs to be multiple nodes all working to add to the blockchain and verifying all blocks. To incentivise nodes to do this work there needs to be a reward e.g. new coins or fees in the crypocurrency.

So I see blockchain a lot in the tech news and on twitter etc so just curious for decentralized blockchain does there always need to be an associated crypocurrency?

Pussyhands

Wish I had got into crypto earlier...even jusr a few months ago.

The gains across the past few months has been huge. I'm at a loss yet. Have the 3 on coinbase and want to buy xrb too.

seannash

Pussyhands wrote: »

Wish I had got into crypto earlier...even jusr a few months ago.

The gains across the past few months has been huge. I'm at a loss yet. Have the 3 on coinbase and want to buy xrb too.

Anyone who has been in it a while is saying that there's plenty more big runs to come so be patient. The guys who bought bitcoin at 1000 wish they got in at 50 etc etc.

The worst thing you can do in my opinion is hop around from coin to coin. Pick your coins and sit on them, have some spare to jump on something you hear about that may moon but definitely try not to move money away from your favorite one.

Pussyhands

seannash wrote: »

Anyone who has been in it a while is saying that there's plenty more big runs to come so be patient. The guys who bought bitcoin at 1000 wish they got in at 50 etc etc.

The worst thing you can do in my opinion is hop around from coin to coin. Pick your coins and sit on them, have some spare to jump on something you hear about that may moon but definitely try not to move money away from your favorite one.

Hopefully.

I'm pretty content with the 3 coinbase ones and waiting the last few days for coinbase to send eth to kucoin so I can buy xrb.

I'll leave that for a while then unless something comes up in the meantime.

lifeandtimes

I had a thought last night that in the near future every country is going to create their own crypto for their public to use. The euro and dollar and most current currency will be gone and will basically be modified to each countries crypto...tourists would technically be using it if they use their card within the country as thats the tender of the country and when they make a transaction the crypto from their own country (or whatever is in their account) will be exchanged for that countries crypto but at the exchange rate. So UK crypto might be worth more than polish crypto etc
Would that be possible? Thoughts?

FastFullBack

lifeandtimes wrote: »

I had a thought last night that in the near future every country is going to create their own crypto for their public to use. The euro and dollar and most current currency will be gone and will basically be modified to each countries crypto...tourists would technically be using it if they use their card within the country as thats the tender of the country and when they make a transaction the crypto from their own country (or whatever is in their account) will be exchanged for that countries crypto but at the exchange rate. So UK crypto might be worth more than polish crypto etc
Would that be possible? Thoughts?

This article posted in another thread: https://hackernoon.com/what-will-bitcoin-look-like-in-twenty-years-7e75481a798c pretty much predicts that in point 2 Government Cryptocurrencies will Flourish

Sabre0001

What the heck does FUD mean?

Blacktie.

Sabre0001 wrote:

What the heck does FUD mean?

Fear, uncertainty and doubt.

lifeandtimes

FastFullBack wrote: »

This article posted in another thread: https://hackernoon.com/what-will-bitcoin-look-like-in-twenty-years-7e75481a798c pretty much predicts that in point 2 Government Cryptocurrencies will Flourish

could you be a clever little sh!te and create a crypto for a country now and then when the time comes that that country decide to create theres, theyd have to buy it off you? pretty much just taking the name as they could create one no bother but the name of it would be the golden ticket. like that kid that took the domain name for smarties as his email years ago and they have to pay him to get it

Since many of us have given this guy a fortune in fees and have a bit of our money sitting on his exchange, allow me to introduce the uninitiated to Binance CEO Zhao Chang Peng. I believe this was his first Western television interview (he's been on You Tube before though), conducted last night;

He speaks very well IMO, and gives a good, brief insight into Binance. The interviewer seems to ask the harder questions, thankfully, rather than give him an easy time. He came through it quite well and instilled some confidence in me as someone who does 100% of my trading on his exchange.

I would like to see Binance lower their fees, and deal with the 'dust' which is left in our wallets on their exchange in a more customer-rewarding way. I must have about $20-30 of it. They have to be making a fortune alone off that wallet dust.

Also, although I'm not one of them I do feel bad for those who are bleeding TRX fees on Binance in the hope of picking up that TRX wallet bonus. That whole thing, although working for some, is incredibly vague and although it's not Binance's fault, they are making a killing with the fees in the process.

lifeandtimes

[Deleted User] wrote: »

Since many of us have given this guy a fortune in fees and have a bit of our money sitting on his exchange, allow me to introduce the uninitiated to Binance CEO Zhao Chang Peng. I believe this was his first Western television interview (he's been on You Tube before though), conducted last night;

He speaks very well IMO, and gives a good, brief insight into Binance. The interviewer seems to ask the harder questions, thankfully, rather than give him an easy time. He came through it quite well and instilled some confidence in me as someone who does 100% of my trading on his exchange.

I would like to see Binance lower their fees, and deal with the 'dust' which is left in our wallets on their exchange in a more customer-rewarding way. I must have about $20-30 of it. They have to be making a fortune alone off that wallet dust.

Also, although I'm not one of them I do feel bad for those who are bleeding TRX fees on Binance in the hope of picking up that TRX wallet bonus. That whole thing, although working for some, is incredibly vague and although it's not Binance's fault, they are making a killing with the fees in the process.

I lost 200 trx out of the 300 i had making the transaction from binance to TRX and back again.

If we could maybe put all the bits we have into one of the main cryptos as left overs it will certainly make difference

Pussyhands

As a noob, is this downturn normal in crypto? My whole portfolio is down 25%.

The prices recover but they don't recover fully and then dip again.

banie01

lifeandtimes wrote: »

I lost 200 trx out of the 300 i had making the transaction from binance to TRX and back again.

If we could maybe put all the bits we have into one of the main cryptos as left overs it will certainly make difference

Let me get this straight.
You had a total of 300 TRX?
Spent 200 TRX in fee's in the hope of doubling your holding?
The gain available after charges was 100TRX, would you not have just purchased the TRX?

The wallet swapping only makes sense if the amount being traded is
i) Doubled on the Tron wallet in the 1st instance, and unfortunately it was a seemingly random doubling.
ii) The amount sent is large enough that any fees are absorbed by the "free TRX"
iii) The amount of TRX gained offsets the resultant dip in price likely due to increased exchange supply.

Even at the cheapest it was a 30TRX fee to transfer out from Binance and a 100TRX fee to transfer back in(And fees are now 95 out and a 100 back in)

I can't see what benefit incurring those fees on a 300 token is over just purchasing outright.

BrokenArrows

Pussyhands wrote: »

As a noob, is this downturn normal in crypto? My whole portfolio is down 25%.

The prices recover but they don't recover fully and then dip again.

Cripto values swing massively all the time.
Just look up the price graphs over the past few years

Drumorig

Pussyhands wrote: »

As a noob, is this downturn normal in crypto? My whole portfolio is down 25%.

The prices recover but they don't recover fully and then dip again.

Ye, you just have to ride it out & hope your coins are good. Don't start dumping things panicking, look closer & what your holding & why your holding them.

imo if your looking for quick gains trading in & out of stuff forget it, you'll lose.

Pussyhands

Drumorig wrote: »

Ye, you just have to ride it out & hope your coins are good. Don't start dumping things panicking, look closer & what your holding & why your holding them.

imo if your looking for quick gains trading in & out of stuff forget it, you'll lose.

I have the big 3 on coinbase

The Oort Cloud

For any holders of Cardano ADA, Charles Hoskinson just gave a video update on their future road-map plans, and some other good information for the coming months. His team is definitely going to be busy, that's for sure. ADA at the moment is a good time to buy, but I think it will not drop below 56 cent. Here's Charles Hoskinson's new vid...

https://www.youtube.com/watch?v=Kee5g32Ktxw

The Oort Cloud

Link problems... This should work... https://www.youtube.com/watch?v=AYCfikWgEzg&feature=youtu.be

Drumorig

Pussyhands wrote: »

I have the big 3 on coinbase

ye perfectly normal, they don't call it volatile for nothing, give it a few weeks/months and you'll be well in the green hopefully.

smacl

Kraken still down, where back in hour became back in two hours etc... now talking about some time after 9am this morning. The string of missed times and matching excuses doesn't really inspire confidence. I wonder have they tried turning it off and turning it on again?

status.kraken.com wrote:

We are close but rather than launch immediately ahead of the team passing out, we will push off a bit to get some rest and be able to better monitor systems and react to problems following launch. Unfortunately, this means several more hours of delay. We do not have a definite time but it will not be before 9:00AM UTC (1:00AM PT).
Posted about 4 hours ago. Jan 12, 2018 - 03:46 UTC

edit: And pushed back again, wonder will they be back up by Monday?

We are still working on the upgrade and may be offline for several more hours. Will provide another update when we get closer to coming back online.

dashoonage

I get the feeling Kraken isnt coming back.

lifeandtimes

dashoonage wrote: »

I get the feeling Kraken isnt coming back.

Is it gone to Davey Jones's locker?

Sorry couldn't resist

Tinder Surprise

Hi,
I have a grasp of nearly everything now after a big learning curve in the crypto world, but I have one remaining concern and it relates to Eth wallets.

is there any way to check if an eth wallet address is eth-20 compatible, or not?

I am starting to purchase coins on ICO's and have a couple that I need to transfer out.

I have generated a MyEtherWallet address, and also Eidoo Wallet address, but not too sure if I can use these for etc-20 tokens (99% sure Eidoo is OK but no harm asking) and I believe if you use the wrong type of Eth address (say off your Exchange) then your etc-20 tokens are pretty much lost.

Also, i believe that an eth-20 wallet may not show a certain coin initially in your wallet, but you can force it somehow.

thanks in advance

T

(ps) I have also used Etherdelta but thats a whole different discussion:eek:

dashoonage

Apparently they were close to been back a few hours ago but then decided to get some sleep...and now its going to be several hours before they are up again.

I'm reading that as their flight to south america was delayed and they wont have wifi again until they land.

smacl

Tinder Surprise wrote: »

I have generated a MyEtherWallet address, and also Eidoo Wallet address, but not too sure if I can use these for etc-20 tokens (99% sure Eidoo is OK but no harm asking) and I believe if you use the wrong type of Eth address (say off your Exchange) then your etc-20 tokens are pretty much lost.

Pretty sure Myetherwallet is ERC-20 as ERC-20 was needed for Krypterium tokens and Myetherwallet was the wallet they recommended (and the one I ended up using). More info here; https://ethereum.stackexchange.com/questions/35126/how-to-store-erc-20-tokens-on-myetherwallet

smacl

dashoonage wrote: »

I'm reading that as their flight to south america was delayed and they wont have wifi again until they land.

Ah crap, looks like I'll be doing some hodling until the extradition orders get served

lostboy75

Tinder Surprise wrote: »

Also, i believe that an eth-20 wallet may not show a certain coin initially in your wallet, but you can force it somehow.

Adding a custom coin is relatively straight forward on mew, in fact some of the ICOs give you the info on how to add them under their faq section

dashoonage

Looks like the boys have landed in South america.

We are still working to resolve the issues that we have identified and our team is working around the clock to ensure a smooth upgrade.

This means it may still take several hours before we can relaunch the site.
Posted 34 minutes ago. Jan 12, 2018 - 12:05 UTC

benjamin d

Does anyone with an IT background want to hazard a guess at what they could have monumentally F-ed up? I'm choosing to believe this is genuine!

lifeandtimes

benjamin d wrote: »

Does anyone with an IT background want to hazard a guess at what they could have monumentally F-ed up? I'm choosing to believe this is genuine!

could have been the same as binance,too many subscribers, servers cant cope with them and all the transactions and its went into meltdown and they have to reboot and get everything back online to keep up with the capacity

Or they could have been hacked and all the crypto is gone.

Anyones guess at this stage

dashoonage

34 hours now. Surely if it was a botched upgrade they would have rolled back by now.

Tinder Surprise

lostboy75 wrote: »

Adding a custom coin is relatively straight forward on mew, in fact some of the ICOs give you the info on how to add them under their faq section

What would happen if you sent a ec-20 coin to MEW that you didnt add prior?

lifeandtimes

dashoonage wrote: »

34 hours now. Surely if it was a botched upgrade they would have rolled back by now.

you think that but maybe not.....and dont call me shirley

smacl

dashoonage wrote: »

34 hours now. Surely if it was a botched upgrade they would have rolled back by now.

Nah, normally if you're running a server and planning an upgrade you have the new and old systems running side by side and simply switch addresses from current live system to upgrade once you've ironed out all the glitches. If you don't have the capacity for this kind of side by side upgrade, you run the new system scaled down to get the glitches out, take the live system off-line and swap in the new system. This can be problematic for many reasons, typically because the new system doesn't scale as expected and hasn't been performance tested at full capacity. Its a bit slap-dash but very common and not something I'd lose any sleep over. Given the skittish nature of the crypto scene however, I'd say it will cost Kraken a lot of customers. They may not give a damn, as new customers for crypto exchanges aren't exactly hard to come by.

Drumorig

Tinder Surprise wrote: »

What would happen if you sent a ec-20 coin to MEW that you didnt add prior?

Erc20, the funds will still be there, you just won't see them till you add the token in mew.

99 Bortles of Beer

How many different currencies are people here typically holding at a given time? Be interested to hear.

benjamin d

Now that the ETH rally has stalled what could be the reason for the sustained drops across most cryptos? Just a correction or something more? Have a lot of people decided that we've seen the crypto peak and have gotten out?

Blacktie.

99 Bortles of Beer wrote:

How many different currencies are people here typically holding at a given time? Be interested to hear.

Too many. Currently holding 8.

- bo -

99 Bortles of Beer wrote: »

How many different currencies are people here typically holding at a given time? Be interested to hear.

Down to just the 3 - roughly 75% XLM, 15% XRP, 10% ZRX.

seannash

99 Bortles of Beer wrote: »

How many different currencies are people here typically holding at a given time? Be interested to hear.

Raiblocks, Neo, BNB, vechain, DeepBrain Chain, Oyster Pearl, Ethereum, ICX

smacl

99 Bortles of Beer wrote: »

How many different currencies are people here typically holding at a given time? Be interested to hear.

Five (ETH, ZEC, IOTA, XRP, LTC) currently and one ICO due to go live next month (CRYP).

Dades

Eight (also too many!)

ETH, BTC, GAME, XRP, BAT and some minor interest still in TRX and XLM.

Wombatman

XRB 35%, ETH 28%, NAS 8%, WTC 10%, DBC 7.5%, VEN 11.5%

banie01

Down from about 15 to 8 but consolidating slowly to the big 3 plus a 2 further Alts and keeping under review.
BTC, ETH, XRP, LTC, ADA, VEN, NEO AND TRX

Zascar

Ouch. I currently have 18 - but I had 22 at one stage. Probably way too many but i have serious fomo on so many coins. Now saying that 75% is made up of 6 coins and the rest are small amounts, but if even a small investment goes 100x it can be a significant amount of money.

I do plan on consolidating but its so hard to choose - every time I sell something it skysockets haha.

Tinder Surprise

Damn...I see Nicolas Merten (DataDash YouTube channel) is doing a talk tonight @The Strand Hotel Limerick.

I didn't hear anything about this nor did he mention it on his channel!?!...weird.

I just came across it this evening when I opened his latest video and see them setting up a live stream at the Hotel.

I really like his videos and analysis on crypto
He doesn't do the B.S and I would have definitely drove down for the evening if I had of known

banie01

Tinder Surprise wrote: »

Damn...I see Nicolas Merten (DataDash YouTube channel) is doing a talk tonight @The Strand Hotel Limerick.

I didn't hear anything about this nor did he mention it on his channel!?!...weird.

I just came across it this evening when I opened his latest video and see them setting up a live stream at the Hotel.

I really like his videos and analysis on crypto
He doesn't do the B.S and I would have definitely drove down for the evening if I had of known

Interesting, 1st I heard of it and the strand would be very local to me.

covfefe

BTC, ZEC & SNM for me