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Type: Posts; User: wombleh

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  1. Thread: Bitcoin

    by wombleh
    Replies
    6,925
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    1,932,028

    Could be carrying on the trend as tether have...

    Could be carrying on the trend as tether have dropped a report saying they’re only actually 3% backed by USD. Probably trying to lob it out under the radar of the tesla news.

    I’m not convinced...
  2. Thread: Bitcoin

    by wombleh
    Replies
    6,925
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    1,932,028

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    That’s what it’s become because of the performance problems which are due to design decisions by the devs. There is a school of thought that this is intentional so they can solve it with their own...
  3. Thread: Bitcoin

    by wombleh
    Replies
    6,925
    Views
    1,932,028

    I don’t know why they don’t use paypal, perhaps...

    I don’t know why they don’t use paypal, perhaps they could, but they don’t. Same as we could all use Tesco (or probably Waitrose around here) but other options also exist.

    The performance issue is...
  4. Thread: Bitcoin

    by wombleh
    Replies
    6,925
    Views
    1,932,028

    Sounded same in Lebanon, the guy talked about...

    Sounded same in Lebanon, the guy talked about selling the btc for local currency to buy food and pay bills. I think it’s more to avoid the hyper inflation but also makes it easier to sell services...
  5. Thread: Bitcoin

    by wombleh
    Replies
    6,925
    Views
    1,932,028

    There was a post by a guy in Lebanon who was...

    There was a post by a guy in Lebanon who was doing work online, getting paid in Bitcoin and then converting it via local p2p groups to buy food, their economy is in a bad way since the explosion with...
  6. Thread: Bitcoin

    by wombleh
    Replies
    6,925
    Views
    1,932,028

    Fees vary depending on how busy the network is,...

    Fees vary depending on how busy the network is, it’s not constant and doesn’t matter who is doing the transaction. I sent mine around 1st December, you can see how the mempool was on this:...
  7. Thread: Bitcoin

    by wombleh
    Replies
    6,925
    Views
    1,932,028

    From wallet to coinbase, the mempool was full up...

    From wallet to coinbase, the mempool was full up so took a while. Ended up rebroadcasting at higher rate. Because of the per-byte billing my test small transaction ended up costing £6 and the main...
  8. Thread: Bitcoin

    by wombleh
    Replies
    6,925
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    The problem I’ve heard with similar approaches is how you prevent someone from recreating the recent or even entire chain in their favour and then spinning up loads of nodes to accept their version...
  9. Thread: Bitcoin

    by wombleh
    Replies
    6,925
    Views
    1,932,028

    Yea, can't remember what it was, most likely...

    Yea, can't remember what it was, most likely something that'd be far more efficient using a normal database like 99.99% of other Blockchain solutions!
  10. Thread: Bitcoin

    by wombleh
    Replies
    6,925
    Views
    1,932,028

    My uneducated prediction - Absolutely not, it's...

    My uneducated prediction - Absolutely not, it's going to be manic for years. Regulators are sniffing about, the war chest of MT GOX being sold off by a bunch of lawyers who have no clue what they're...
  11. Thread: Bitcoin

    by wombleh
    Replies
    6,925
    Views
    1,932,028

    I also set up revolut after virgin/mbna stopped...

    I also set up revolut after virgin/mbna stopped allowing payments to coinbase. Was very easy, took about 10min to sort revolut (enabling the euro account was the only tricky bit) and a day for the...
  12. Thread: Bitcoin

    by wombleh
    Replies
    6,925
    Views
    1,932,028

    Nice timing, caught that trade perfectly! I've...

    Nice timing, caught that trade perfectly!

    I've been paying a bit with eth/btc as even if I get it wrong then worst case I'm stuck with some crypto currency so all good. It's very cyclical so just...
  13. Thread: Bitcoin

    by wombleh
    Replies
    6,925
    Views
    1,932,028

    I've only been following it for a few months and ...

    I've only been following it for a few months and already seen two other similar drops previously. Some say it's crashing, others say it's Friday.
  14. Thread: Bitcoin

    by wombleh
    Replies
    6,925
    Views
    1,932,028

    My virgin credit card no longer allows payments...

    My virgin credit card no longer allows payments to coinbase, wonder if they've had issues getting money back or if the lizards are conspiring against crypto currencies.

    Luckily Barclaycard does...
  15. Thread: Bitcoin

    by wombleh
    Replies
    6,925
    Views
    1,932,028

    Could be people see btc has stopped rising so...

    Could be people see btc has stopped rising so spread their money around which drives alt prices up. Then when that calms down the money returns to btc and it's off again.

    Gdax didn't charge...
  16. Thread: Bitcoin

    by wombleh
    Replies
    6,925
    Views
    1,932,028

    Hate to be the bearer of bad news but nicehash...

    Hate to be the bearer of bad news but nicehash may not be paying out any more as they got "hacked"....
  17. Thread: Bitcoin

    by wombleh
    Replies
    6,925
    Views
    1,932,028

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    Depends on the amount, I have about £1k worth and don't consider it worth spending 10% on a hardware wallet, especially as I rarely do transactions. I do a cold offline wallet so print the keys and...
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