The Bitcoin Thread

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Foook, it's the same..... All about choices, decisions, and your common knowledge to snoop around asking questions and obtaining info.
This brings me back to what I said at first - MOST people don't know how it works, so there's very little 'common knowledge'. Just look at how many people, even here on MyBB, asked how the fork works, is it safe to move coins after the fork etc.
 
This brings me back to what I said at first - MOST people don't know how it works, so there's very little 'common knowledge'. Just look at how many people, even here on MyBB, asked how the fork works, is it safe to move coins after the fork etc.

I started off this year as a noob regarding BTC. On this same thread I asked questions (That's USING your common knowledge). I survived both forks, got my BCH - quite a nice amount of "free" money, and when / where ever BCG comes to light, i'll be claiming that too. :p
 
It seems like a lot of people don't understand how a fork works, and what it means to be in control of your own public keys.

Because of this, and the fact that Luno isn't planning to support BTG at this stage, I feel that they should have sent out an announcement telling their customers to move their BTC to private wallets before the fork
They did. That post about not supporting BitcoinGold was dated 23 Oct 2017. That's Pre fork, iirc

They also have a blog on forks in general dated 5 Oct 2017.

And a learning portal that breaks down things like private keys and wallets etc.

And a dude that answers queries on a public platform and engages & assists with customers where possible.

And they make a cautious calls of not listing potentially security flawed tokens that forks to protect customers within their domain.
 
When you sell something on gumtree you don't declare it

I think that's because you typically already paid for the item you're now selling at an earlier point. And now selling it below the initial cost. So you're generally not generating a profit on gumtree sales unless you're gumtreeing stuff as a business operation for profit.
 
Bitcoin Gold (BTG) is an altcoin (read ****coin) that appears to lack replay protection. As Trezor notes: "Bitcoin Gold’s codebase is, at the moment of the writing (23 Oct), incomplete. Most importantly, it lacks replay protection. For this reason, TREZOR Wallet will not support Bitcoin Gold yet, as it would endanger your bitcoins." But they also note that once BTG is safe for use, they will support it.
 
It seems like a lot of people don't understand how a fork works, and what it means to be in control of your own public keys.

Because of this, and the fact that Luno isn't planning to support BTG at this stage, I feel that they should have sent out an announcement telling their customers to move their BTC to private wallets before the fork

Did that with BCH. Just couldn’t stand loosing more money on LUNO fees!
 
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they did support Bitcoin cash at a certain point, so still hope for Bitcoin gold.

We don't fully support BCH.
Initially we did mention that we'd review adding a withdrawal function and add further functionality after that if BCH had non-trivial value.

It did and we implemented a method to make a simple trade of any BCH balance that Luno customers had during the fork for BTC. A few weeks passed and feature requests and queries are nearly down to 0 for BCH in terms of fuller functionality like receiving, wallet management etc.
 
Hmmm...seems a lot of people think a price correction is coming. Have seen, from highest:

$5200
$4800
$3500

A comment from elsewhere:
Daily MACD negative. What else to say? We're going down for some discounts. People cashed out. The market has no more new money - it's got saturated. S2X will probably bring a new opportunity but I'm not convinced that the growth will be constant. Not in short term. We're gonna need new participants and new $$.
I'm hoping there's a serious drop some time soon.

Eish.
Must go to bed crying every night.
 
Oh yeah...a good resource for price speculation is to go to tradingview.com and hit up the BTC/USD page. Scroll down a bit and you'll see plenty people have uploaded charts and give (usually) good explanations for how they got there.

https://www.tradingview.com/symbols/BTCUSD/
 
It seems like a lot of people don't understand how a fork works, and what it means to be in control of your own public keys.

Because of this, and the fact that Luno isn't planning to support BTG at this stage, I feel that they should have sent out an announcement telling their customers to move their BTC to private wallets before the fork

We definitely pushed a lot of communication out pre-fork for this.
Initially a blog was published on 5 October 2017 mentioning our overall stance on Bitcoin forks, including Bitcoin Gold.

The blog was followed up by a newsletter that was mailed to all of our customers on 11 October linking to the blog.

Another blog was published on 23 October 2017 with more details about BTG specifically. I've also been quote vocal on the forums recently :)

Customers who weren't sure about the fork or had questions did mail us, to which we prioritised, and are continuing to do so, BTG specific queries to clear up any confusion.

On top of this forks are a hugely complicated topic that a only really interests a select group of Bitcoin users. It takes a lot to explain things and might add deeper confusion about digital currencies in general. As an example, my Mom still has no idea Bitcoin Cash is, where it came from or how "the internet can print money"
Obviously that's a generalisation and while we can do our best to educate our customers we can only do so much in such a disruptive and fast moving market.

From an Engineering point, we simply cannot keep up or promise to offer access to every single fork. It takes huge infrastructure work on both front and back ends, UI changes, copy updates etc etc.

Hope that helps clear things up a bit.
 
Did that with BCH. Just couldn’t stand loosing more money on LUNO fees!

Your recent posts seem to indicate that you haven't had a particularly great experience on Luno. I've seen you mention fees a few times along with a few other concerns.

Mind going into a little more detail about this and what I can do to change your experience?

You're welcome to PM if you prefer.
 
I think your fees are high and although there seems to be some sliding scale as to what fees the end user pays, majority of them are “bit” players and will never break out your 1% taker model lets be honest.

Your iOS app is plagued with bugs reported now on a weekly basis it seems. This happened yesterday in fact. I call it floating candles. Have not come across it before.

084c8baee79c90d4687f86e986651cf0.jpg


How do you expect your ends users to make informed decisions or trust the credibility of the information being conveyed through your app? You are playing with peoples money here remember.
 
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I think your fees are high and although there seems to be some sliding scale as to what fees the end user pays, majority of them are “bit” players and will never break out your 1% taker model lets be honest.

Your iOS app is plagued with bugs reported now on a weekly basis it seems. This happened yesterday in fact. I call it floating candles. Have not come across it before.

084c8baee79c90d4687f86e986651cf0.jpg


How do you expect your ends users to make informed decisions or trust the credibility of the information being conveyed through your app? You are playing with peoples money here remember.

Thanks for your feedback.
Regarding trading fees, there are plenty of customers who exceed 10 BTC per 30 days. You can also simply open taker orders and be charge 0%, so there are options to avoid being charged 1%.

I'm personally not aware of any foray of iOS bugs. Have you logged any tickets with the bugs you've seen?
The chart one does look a bit odd, I'll gladly pass this onto our iOS team for a look into. You can either log this via a ticket or PM me the details. I'll need your device type, iOS and app version and any other information on this bug.
 
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