Topic: 😎 [ANN] The Utmost Epic, Totally Tubular sMerit Giveaway ~ 170 sM Available 😎 - page 4. (Read 3489 times)

Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.After a transaction is broadcast to the Bitcoin network, it may be included in a block that is published to the network. When that happens it is said that the transaction has been mined at a depth of 1 block. With each subsequent block that is found, the number of blocks deep is increased by one. To be secure against double spending, a transaction should not be considered as confirmed until it is a certain number of blocks deep.Note that unconfirmed transactions do not expire. Just wait until the transaction be confirmed. For my experience 10 minutes is enough for the transaction to be confirmed.

I will give you some different idea to store your 24 words seeds step by step.

1. Take any English dictionary, for example, online Oxford Dictionary, note down its (Author name, Date of publication) I'll tell you why at the end.
2. Now you have your 24 words seeds phrase for your nano ledger, for example, it can be like below
(1st.cat, 2nd.light, 3rd.bag, 4th.candle 5th...........................................24th. orange)
3. Since all seeds phrase of your Nano S will exist in the Dictionary so what you have to do now is find on which page no. of online dictionary the words are listed for example the 1st-word cat is listed on page no. 7, the 2nd-word light is on page no. 9, the 3rd-word bag is listed on page 12, the 4th-word candle is listed on page 17, & so on for all words, till 24th-word orange is listed on page 34, note down all the page no. & highlight the words till 24th word in a dictionary & save it.
4. For example, your result will be like (7,9,12,17,...............34)
5. Now the numbers & dictionary will act as a private key if you want you may throw away your card on which 24 words you have noted down.


Now no one knows what is your strategy for keeping safe your Nano S keywords, so you can just store above nos on your computer, on mobile or anywhere if some steal it they can't understand what is the meaning of these nos. Only you and only you know what is the meaning & which Dictionary you have used to encrypt it in this case i.e Oxford Dictionary. If you accidentally delete that online Dictionary, no worries you can also find it online, I told you above to note the Author name & date of publication so it will be easy for you which version of Dictionary you have used to encrypt your seeds.

Okay, one more thing if you accidentally deleted the dictionary with highlighted keywords from your PC or your window fails, & you have the numbers but now how will you know what was the word you marked even if you know the page no. of the word. In this case when you are noting down the page no. also note down the line no. & place no. of that word against each page no. Ultimately your result will be like below.


Page no.   Line no.   Word Place no.
7               eg. 5              eg. 2
9               eg. 14            eg. 6
12             eg. 2              eg. 4
17             eg. 16            eg. 1
.                .                      .
.                .                      .
.                .                      .
.                .                      .
34             eg. 1              eg. 7

Please allow me to point a misconception that exists about "identical" patterns.
If you're viewing the crypto prices against fiat currency (EUR/USD etc) then there's a technical reason why almost everything is going either up or down every day. Since the price of every coin is relative to the price of BTC (the altcoins are translated to an ^xamount of BTC, which is then translated to fiat), even if the 99% of the market doesn't move and only BTC increase by 10%, then coinmarketcap will show a 10% increase of every altcoin.

e.g.:
ETH = 0.064 BTC
BTC = 7400€
so 1ETH = 470€
If no one trades ETH for 1 day and BTC goes to 14800€, then ETH will still equal 0.064 BTC, but 1ETH = 0.064BTC = 940€ (it doubled as well)

TL;DR,
If you want a clearer view of altcoin's movement, check their price against BTC.

EDIT: Great! We have one outta four six following the rules so far - QUOTE YOUR POST!!! I'm no longer following links. Sorry. ">https://bitcointalk.org/index.php?topic=3055943.msg31466554#msg31466554>

The rules are simple. Quote in this thread what you believe is your best most current post on this forum, whereupon I, only, will judge if it warrants at least +1 sM.

Others, feel free to follow my lead including your attempt having a quasi-snazzy thread title.

Let's make maxing out BitcoinTalk's resources great again.  

Ready? GO!

Bruno

PS: Don't blame me if others opt to also give you sM for your scintillating prose thanks to this thread.

PSS: I might as well plug my sig while I'm at end, or visit https://bitcointalksearch.org/topic/m.31607131.

I have a new feature proposal for the forum software. I don't think I saw this in the features.

Maybe we can have a new section in the forum header along side "Show new replies to your posts", "Watchlist" called "Show new quotes to your posts".

This feature will display all the posts that quoted your posts and you will be able to reply faster especially in multiple page threads.

What do you think? Would this be helpful for you?

Hey all,

as most of us now had some time to get acquainted with the new Merit-System, I thought it would be a good time to try and utilizes this great new forum feature.
To be more specific: Utilize it in Signature Campaigns.

But why in Signature Campaigns?
My reasoning here is the following: Merits mainly were introduced to reduce spam.
Signature Campaigns are responsible for a lot of spam, even if many of them try to encourage their participants to produce 'quality posts'.
Obviously, the majority of those posts aren't, else most of them would get merited. The threshold for a post to qualify as a 'quality post' in most Signature Campaigns
is extremely low hence there is no incentive to make really good posts.

The main problem here is, that if a member has a certain level and is 'stuck' there due to the Activity-rule, there is almost no reason for this member to create valuable posts as he can't get more stakes.

This is neither good for the forum, nor for the campaign itself as advertisement done by members who really post quality is also more valuable than by those who just 'get by'.
I already saw some hesitant suggestions to make Signature Campaigns solely based on Merit. While at a first glance this sounds feasible, I think that kind of change wouldn't work mainly
due to the fact that the higher the Rank, the better the ad space, so to speak (better signature).

That's why I attempted to find an easy system that allows for Rank and Merit to be regarded in Signature Campaigns when it comes to the calculation of stakes.
And because I like visually pleasing things, I made it a bit more colorful  

                            
                            Alternate layout



This might look more complicated than it is. As most Bounty Managers already use Spreadsheets, it's really easy to use prepared formulas like the following (first example).
It needs to have some more levels/nested conditions though, but I didn't want to make the example too complicated:

      

       =IF(C2>B3;D3+(C2-B3)/(B4-B3)*((D4-D3)/4);D2+(C2-B2)/(B3-B2)*(D3-D2)/2)



This is just an approach and an attempt to get the Merit-System transfered to Signature Campaigns because I think that this would really benefit the forum as it creates the needed incentive to even
make good posts if you can't rank up due to missing Activity. With the Merit now factored in, members get more stakes even if they stay the same Rank but they never get that much more Stakes then a member with a higher Rank
(IF that member also stays active and creates value).

A more sophisticated way could be to count the earned Merit (last 120 days) based on the forum stats. There are also many other variations (Merit/Rank/Activity), but that's something for another thread.

This took more time than I thought and now it's getting late here. I hope that I didn't make any grave mistakes
I'm really curious what you think, would you take a different approach to introduce Merit in Signature Campaigns? Hopefully, there will be some Bounty Campaigns that will include Merit in their Stake-distribution.
Cheers!

No no no way, you don't have to spend $1 to transact erc20 tokens, but you know what? FLIX is an erc223 token, which is even way cheaper to transact because it use one function (transfer) instead of two (approve and transferFrom, that's the case of erc20. I copy paste from Dexaran page on github:

• ERC223 transfer to contract consumes 2 times less gas than ERC20 approve and transferFrom at receiver contract.
• Allows to deposit tokens intor contract with a single transaction. Prevents extra blockchain bloating.
• Makes token transactions similar to Ether transactions.

I was browsing through the marketplace while i found this:

What happened: Abuse of the merit system; recognition of a scammer's alternative account

Scammers Profile Link: https://bitcointalksearch.org/user/btcon-1940492 and https://bitcointalksearch.org/user/djeezer12-1137488

Reference Link: https://bitcointalksearch.org/topic/selling-etn-for-php-or-btc-3127836
Amount Scammed: 10 Merit
Payment Method: Bitcointalk's Merit
Proof of Payment: See Scammers Profile
PM/Chat Logs: None
Additional Notes: Merits have been given for an absolute nonsense post. Red DT to scammer's profile was given about a week ago, so probably the scammer now wants to take the last advantages of his previous account djeezer12.

In another Thread the user tries to sell 15 ETH what possibly leads to scam as well: https://bitcointalksearch.org/topic/want-to-sell-15eth-for-skrill-or-bitcoin-11-3129321

No problem mate. I think most people here are using https://imgur.com/upload for uploading - there seem to be less problems.

If this is the thread you're meaning: https://bitcointalksearch.org/topic/m.32399268
I can see all of the pictures.  

Wirklich sehr ärgerlich! Immer unbedingt die URL checken bevor es ans kaufen geht.
Über eine einfach Google Suche "Domain Info + URL" findest du die wichtigsten Infos:


Quelle: https://www.whois.com/whois/antminers-bitmain.com

Unbedingt bei der Polizei Anzeige erstatten. Geringe Change auf Erfolg für dich, trotzdem ein nötiger Schritt um in Zukunft in einer besseren Welt zu leben.

I would like to take this opportunity to earn some merits.

Hey, I am the helper for all mining newbies!

https://bitcointalksearch.org/topic/m.31780099
https://bitcointalksearch.org/topic/m.31779804
https://bitcointalksearch.org/topic/m.31621932
https://bitcointalksearch.org/topic/m.32215844
https://bitcointalksearch.org/topic/m.32178112
https://bitcointalksearch.org/topic/m.32178012
https://bitcointalksearch.org/topic/m.32177822
https://bitcointalksearch.org/topic/m.32177640
https://bitcointalksearch.org/topic/m.32130861
https://bitcointalksearch.org/topic/m.32130449
https://bitcointalksearch.org/topic/m.31778339
https://bitcointalksearch.org/topic/m.31572884
https://bitcointalksearch.org/topic/m.31561599
https://bitcointalksearch.org/topic/m.31331079
https://bitcointalksearch.org/topic/m.30911497
https://bitcointalksearch.org/topic/m.30911165
https://bitcointalksearch.org/topic/m.30689120
https://bitcointalksearch.org/topic/m.29322665


PS I know you said no links but it is 11:35pm here and I am all BTCtalked out! night night!

Whether a company decides to issue a utility token or a security token really depends on the business model they are looking to achieve and how they intend to tie in to regulations in the states they will be operating in.

At one point in time you could get away with an ICO that would pay out dividends (clearly a security) and there wouldnt be too much fuss because the ICO phenomenon wasnt big enough. But now with the crackdown of global regulators on securities and making sure that any company selling securities complies with local securities regulations genuine consideration should go into whether or not you business model can support a utility token.

Some organisations, Paypie for example went the route of a utility token, and are now having to actively work with their local (Canadian) regulators in order to show that it is a utility token and therefore exempt from security regulation. In order to do this they are essentially needing to complete their platform and show the use case of the token. The whole concept revolves around how their token will be engaged in the platform.

Another example would be Caviar, they have decided to release a token that will pay out dividends based on performance of the organisation. As such they dont need to focus on a use case of the token as it is only there for passive income. They do however have to put further consideration into the markets they are going to be allowed to sell their tokens to (they were pinged by a US state regulatory office for having sold a security to a US citizen). They are now having to complete a full KYC audit in order to ensure that no tokens were sold to persons in states which the sale would not be legal. Every country has a different regulatory framework for securities and the level of regulation of/interference with the market is different, therefore there can be a lot of work to protect your business from attracting unwanted attention from regulators.

As noted to a degree above why does there need to be a defined 'good', 'right' point of market dominance for Bitcoin. That is something for the market to determine and plays both off what other coins have to offer and what bitcoin has to offer. Bitcoin is still has the biggest share as it is the household name, with a strong support, following and direction, but that doesnt mean it needs to hold 50% of the market. It can do its thing at any % (though I guess it may lose some of its shiny appeal if it is 2nd on CMC).

Think about where Ethereum was in January last year. I'm sure most people didn't see the huge potential and the massive crypto explosion (token-wise) that would be caused as a result of the eth network. So at the start of last year there was a bigger market dominance by bitcoin because the other players in the game were weaker, but that dint stop eth from executing its plan and becoming a star player that has earned its slice of the market.

When I got into Bitcoin it was the easiest thing to buy with $$ and therefore was required in order to purchase eth or other coins, some of which may or may not be shit (im sure future me will give me a lecture in time). This added to its utility and thus gave it a bump in market dominance. If you go on any major exchange you can now pick up around 5-10 crypto assets which has eroded the 'gateway' effect that bitcoin had.

I don't think there is a perfect, right or good market slice for bitcoin to hold on to (nor do I see a need for there to be one), but I see it being the big boy on the block for some time.

There are securities laws in the United States that would prevent the sale of an unregulated/unexempted security from being sold to someone in the states. The issue for the state or federal regulator would be getting the entity to appear in their jurisdiction, as its quite easy to just ignore them if you do not operate or have a place of business there. Caviar.io is a recent example of a company that got pinged, even though they had anti-us measures in place they still sold to a US person and got in trouble for it. The principal operated out of a US state and so they were able to slap his wrist easily. Now they are having to do a full scale KYC audit to show the regulator in which ever state the principal operates out of that they are willing to play ball.

I think KYC and AML precautions show a capable and risk averse team which in my opinion is a good thing. If they are willing to play ball with global authorities and have done their research about how to conduct themselves then that shows at least they care.

On the utility token point there are a number of concerns with proving that the token has actual utility and isnt just a non-dividend bearing security. My understanding is that Paypie is having to wait until their platform is 100% operational in order to show the Canadian authorities that their token has genuine utility and should be exempt from securities regulations. Voting rights on platforms, staking rights on platforms & proper use cases are what your after. Simply swapping a token for something that money could buy can mean that the 'utility' of the token is questionable (ie you can buy stuff from X using x token isnt really utility because why cant you do that with $).

I have a theory according to which the currency exchange rate, in addition to the speculative component  is on the necessary factors to the world community, elites and businessmen (whales), they release a huge flow of funds where like on the island there are plenty of altcoins and bitcoins. Let's try find out what caused the crazy growth of cryptocurrency during the last year's .

   The first whale is actually what for what was created bitcoin - fast, convenient and safe implementation of the transactions, the replacement of traditional banking. Previously I've submitted an article about little Chinese city in Moscow, and how they use bitcoin to avoid customs control and taxes. Involving any currency in large cash flows is the reason for it´s pumping , increasing of the capitalization. There you can also add the sale of all the iron from Bitmain for bitcoin, and in general, there are a lot of places in China where  bitcoin is a very simple and convenient financial tool. What are the negative aspects of this "whale", what can lead to its sudden death? Apparently, the pressure the United States, a country that now, can not only resist China's actions, but also actively oppose them, if within the summit of G20 or any others, the US manages to push through "sanctions against bitcoin," and it will be prohibited any kind of use, exchanging. Then it will completely kill its ability to quickly and easily move money from point "a" to point "b", respectively, we will expect a strong fall in rates, down to self-cost, or even lower.

   The second whale is the speculative effect of insane volatility and pump, for reasons mentioned above, people who bought bitcoins for $ 20,000 are already heroes of memes and stories (like a man who bough pizza for 20k bitcoins). In fact, when bitcoin falls, there are much less people wanted to buy it, dump is the object of interest only among professional traders who can play on dumps, but not even so long as cryptocurrency will not reach the bottom and it's stabilization.

   The third whale is the most stable and reliable. Crypto-currencies are a simple, convenient and profitable way to keep money safe, even if the first two whales die crypto-currencies will continue to exist thanks for drug traffickers, drug dealers, corrupted bureaucrats, law enforcement officers and businessmen. Nowhere labeled money has grown many times, that's why the work of the FBI has become much more boring, instead of photo of pallets of cash, lambos and mansions, the FBI reports on seized crypto-currencies. Then they will be auctioned off. In the Russian Federation with its corrupted militarists, technical progress has not reached them yet, but I think more and more of these citizens make  the appropriate conclusions and instead of pallets of cash,they will keep everything in the cryptocurrency, because it is so easy to escape, go to any place in the world, and to hide from everyone. This category of citizens do not give a f*ck about the increasing rate, ideally the cryptocarrencies were stable and got rid of the frenzied volatility, and that it could easily be cashed anywhere in the world, or at least among its owners with a higher percentage fee. It is almost impossible to win this battle, if bitcoin has been learned how to be tracked already with the help of special software, took all the stock exchanges under control, then decentralized exchanges, special exchanges, special networks will be created, if the rounds for miners start and the transactions cease to be processed, but what will be the course of the bitcoin in this case, large question.
     So what do you think?

The original of my post is here