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 Bitcoin and other Cryptocurrencies v2

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TSwengherng
post Jun 6 2017, 05:19 PM

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QUOTE(xMika @ Jun 6 2017, 05:11 PM)
Luno is just a platform for trading ? The exchange price are set by the sellers not Luno ... unless you are buying directly
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Unfortunately, yes.
This is directly affected by the number of users and by extension, the total liquidity on the platform itself.
More liquidity, smaller buy/sell spread.
Xbit Asia's liquidity is just too low.

TSwengherng
post Jun 7 2017, 11:12 AM

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QUOTE(WooTz @ Jun 7 2017, 10:13 AM)
Nice! Enjoy it

Be sure to test your seed before dumping your stack.

Send 0.001234 ETH to it, wipe the device

Restore 24 word seed and see if your ETH is still there.
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Ah crap.
I never tested my seed before I transferred my stash.
Now you got me worried...... shocking.gif


TSwengherng
post Jun 7 2017, 11:13 AM

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QUOTE(kmarc @ Jun 7 2017, 11:06 AM)
I think you were replying to me right? Great! Should be able to start the new thread this weekend.

wengherng you hear that? smile.gif
Ok great!
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Yup......let's do this.
Meanwhile, you think it is worthwhile to just copy/paste the entire first post into the new thread's first post?
I think it's pretty good and concise.
Or you have something else in mind?

TSwengherng
post Jun 7 2017, 11:38 AM

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QUOTE(Davez89 @ Jun 7 2017, 11:15 AM)
Just send all ur stash to exchange then test.. Can be done in an hour.
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Yeah, going to do that later.
sweat.gif

TSwengherng
post Jun 7 2017, 12:28 PM

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QUOTE(kmarc @ Jun 7 2017, 12:15 PM)
Me too. Would be a hassle now as I have different coins in different addresses.
I think first post should be just introduction and table of contents, then followed by the rest. The topics/subtopics are a bit disorganized. We can decide on the sequence of topics first then only put the topics in subsequent post.

Probably one post on acquiring cryptos using other denominations. I have no clue to that and probably need somebody to do that part.

Let me see what I can do to arrange the topics later when I get back.
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OK sure.
As planned, once it reaches 250 pages here, I will open a new thread with a few "reserved" posts at the beginning, for this purpose.
Let's say......6 reserved posts?

TSwengherng
post Jun 7 2017, 12:57 PM

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QUOTE(Kesh1018 @ Jun 7 2017, 12:53 PM)
POLO meaning POLONIEX? *newbie here
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Yes.

TSwengherng
post Jun 7 2017, 01:38 PM

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QUOTE(CoinZin @ Jun 7 2017, 01:29 PM)
Hello,

Thank you very much for shopping with us. You are right - the demand for cryptocurrency and hardware wallets (especially Ledger Nano S) are stronger than ever, and we are soon going to stop taking the pre-orders for the early July shipment.
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Your S$105 price is inclusive of delivery to Malaysia?

TSwengherng
post Jun 7 2017, 03:19 PM

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QUOTE(raynman @ Jun 7 2017, 02:45 PM)
Why am I not surprised that this is coming from a seller of hardware wallets? laugh.gif
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Yes, but he's got a point too.
We all have to do our due diligence before putting our hard earned money anywhere.
Too many smart scammers these days. sad.gif

TSwengherng
post Jun 7 2017, 03:42 PM

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QUOTE(I'm CEO @ Jun 7 2017, 03:33 PM)
Hi everyone, new to Cryptocurrencies. I've been reading this thread and some thread from reddit.
I just bought Ledger Nano S from coinzin.com. Need to wait till early July only got it.

Can anyone give me a direction how can I buy some Ethereum (ETH)?
Basically so far from what I read is buy BT from Luno using MYR, then use Poloniex to convert BT to  ETH. Is it right?

Any guidance or tips is welcomed.    smile.gif
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If you're in Malaysia, then the short answer is yes.
Of course, there are some other alternatives as well, such as using other platforms, or buying directly from some forumers here, or whatnot.
Check out the first page, under "How to buy altcoins".
You'll find a wealth of information there.

TSwengherng
post Jun 8 2017, 11:37 AM

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kmarc, your favourite SC coin is now in a slight discount......about US$ 0.014 at the moment.
Very tempting......I think I will nibble a little today. smile.gif

TSwengherng
post Jun 8 2017, 01:02 PM

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QUOTE(WooTz @ Jun 8 2017, 12:51 PM)
They offer remittance services and blockchain banking for the unbanked, perhaps the fee would be 1% from traditional finance.

Needless to say this is really unprecedented, might beat BAT's record too.
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Admittedly, I didn't go into the nitty gritty details of their whitepaper, but just watching the video, purely at face value, it doesn't really strike me as truly innovative and unprecedented.
For example, Humaniq is another ERC20 token that claims to do exactly the same, i.e. bringing financial services into the billions of unbanked people across the world, and in fact they have already developed their biometric technology app coupled with very cheap smartphones in order to increase their user base penetration.
I mean, it's a great idea, but seems they are not the only one doing it, nor the earliest.

TSwengherng
post Jun 8 2017, 01:46 PM

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QUOTE(WooTz @ Jun 8 2017, 01:15 PM)
Unprecedented as in an ERC20 doing PoS, that alone will be insanely valuable and serves as a good case study for Vlad and Vitalik to improve Casper.

For solely on the flipping score, if BAT is currently a quarter billion from $36 million, this should be similar as well, if not double that.

Happy spamming folks!
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Ah OK, you were talking about the blockchain part of it......I misunderstood you then.
I was thinking about the real-world application of the whole technology, i.e. the services it would provide.
Anyway, yeah I guess purely from the investment/profit side of it, there is a chance it might get snatched up pretty quickly, seeing how ICOs these days go.

TSwengherng
post Jun 8 2017, 03:35 PM

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QUOTE(seikoho1 @ Jun 8 2017, 03:23 PM)
Anyone interested to set up a cryptocurrencies company? We target on Asian market
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What do you mean by a "cryptocurrencies company"?
An exchange platform, like Luno, XBit Asia, Coinhako, Poloniex, etc.?

TSwengherng
post Jun 8 2017, 04:18 PM

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QUOTE(TheReaderReads @ Jun 8 2017, 03:48 PM)
So let's say my token investment goes up by 2x, can I withdraw and cash out the 2x profit?
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If you have invested in an ICO and obtained the tokens, and then the token is finally listed on an online exchange (e.g. Poloniex, Bittrex, etc.), you can sell your tokens on those exchanges and cash out your profits anytime.

TSwengherng
post Jun 8 2017, 04:28 PM

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QUOTE(seikoho1 @ Jun 8 2017, 04:21 PM)
Build something like bitcoin
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You mean, coming out with your own token and then an ICO, etc.?
Interesting.
Do you have a whitepaper?

TSwengherng
post Jun 8 2017, 05:08 PM

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QUOTE(-kytz- @ Jun 8 2017, 05:01 PM)
Finally my identity confirmed by Luno, now I can add funds to it already.

Just wondering, if I add funds to my Luno account, can I later transfer back to my Malaysian bank account? Any charges/fee?
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Any funds in your account can be withdrawn at any time, only standard GIRO fees apply (i.e. RM 0.11).

TSwengherng
post Jun 9 2017, 10:06 AM

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QUOTE(luotang @ Jun 9 2017, 08:24 AM)
Anybody happy to share? Any input will be appreciated  rclxms.gif
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With a 24-word recovery seed using BIP44, you are talking about possible combinations in the magnitude of quadrillions.
The chances of someone randomly guessing all the correct 24 words in the exact order is practically infinitesimal and therefore negligible.
Actually, by comparison, there is a far greater chance of you losing the recovery phrase yourself (i.e. destroyed, stolen, misplaced, etc.).

TSwengherng
post Jun 9 2017, 11:54 AM

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QUOTE(luotang @ Jun 9 2017, 10:11 AM)
Thanks, rest assured now

Another (silly question): the wallet address alphabet is always small capital right? Cause in MEW I saw some are big capital some are small capital:

e.g.: 0x...Ad...

while once printed out it becomes:

e.g.: 0x...ad...
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QUOTE(WooTz @ Jun 9 2017, 10:29 AM)
Don't worry, addresses aren't case sensitive
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This is not a silly question at all, and deserves a little bit of understanding.

What you wrote above, "0x......ad......" is the so-called *real* (or raw) ethereum address, which is represented in pure hexadecimal format.
In this format, the addresses with some capital letters are check-summed, while the addresses with all small letters are not check-summed, but otherwise, both addresses are exactly the same address, and both can be used without worry (i.e. technically speaking, NOT case sensitive, as WooTz already mentioned).
The check sum feature is used by some compatible wallet software to check that the address is valid and ensure that the address was not mistyped.

However, in the case of bitcoin, when we send bitcoins to another address, we do not use this address (hexadecimal form), but instead use a Base-58 format (for example 1P2cWsE3GVdB6BLKafkqxHtWAZgFt5Jvm3) which does not contain characters that will confuse users, i.e. 0, O, I and l), and has checksum and version number built-in.
In this instance, the address *is case-sensitive* and must be entered EXACTLY as it is.

TSwengherng
post Jun 9 2017, 12:22 PM

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QUOTE(raynman @ Jun 9 2017, 11:57 AM)
So, to play it safe, there is no harm in entering addresses EXACTLY as they are. smile.gif
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Bingo.
For some folks, it's not really an issue and they don't worry about it.
For paranoid (and poor sad.gif ) people like me who could not afford to lose a single cent, I double and triple check the addresses myself before each transaction.

Also, do take note that recently, I've read that some people have their computers infected with a very small malware/virus that will surreptitiously change the bitcoin addresses whenever you click "copy", i.e. when you click copy, the addresses gets stored on the clipboard, and the virus changes the address on the clipboard.
So, when you paste the address, it is actually a different address, i.e. the address of the hacker.
It pays to be careful and check the address again before you hit the "send" button.
bruce.gif

TSwengherng
post Jun 9 2017, 03:23 PM

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QUOTE(luotang @ Jun 9 2017, 01:57 PM)
I am also the poor, check few times before transaction hence found the difference in capitalisation

The virus seems malicious. Is there any way to know the computer is infected this virus?
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I've only read about it from a victim over reddit, but have not encountered it myself, so I don't have too much information about it, unfortunately.
In any case, it is very easy to spot, since you really only need to be aware of the first and last few characters of the address once you pasted it.
You just have to be a little bit more vigilant.

Again, it is practically impossible that the hacker's address looks even remotely similar to your actual intended address, so even just a quick glance would be sufficient to alert you if the address seems different.


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