Spreadsheet Ranger

There is actually no such thing as a bitcoin - there are only transactions, which are denominated in bitcoins. Those transactions do have a history and that history can be complex. It's and abstract idea imo. Since some bitcoins can be traced back to certain transactions and others can not you might actually find that some bitcoins are worth more than others depending on what transaction they where a part of remember when that guy bought a pizza with bitcoin well someone bought that particle bitcoin for 2 bitcoins. It's amazing, it seems a bitcoin is a bitcoin is not true. Some are more valuable than others. Saw something in another thread about how newly mined "pure" bitcoins with no transaction history can have a premium over other bitcoins due to their potential non-traceability. Here we had someone valuing certain bitcoins more than others due to their transaction history.

How Bitcoins works; from the beginning: 1. Bitcoins are first created when they are mined by solving a block. The first transaction in the block is basically you saying "I'm giving myself 50 Bitcoins to my address A" (plus transaction fees from the block). 2. When you want to spend Bitcoins, you have to point to one or more transactions that show where you got them from, and say how many Bitcoins you are transferring where. It's like saying "I got Bitcoins at transaction X. I'm sending 20 coins to address B." 3. The point is that more often than not you don't want to send all the coins you got from the transaction, so you also specify how much change you are sending to another address, usually controlled by yourself: "I got Bitcoins at transaction X. I'm sending 20 coins to address B and 30 coins to address A." 4. Since all of the above is cryptographically signed, one can be sure nobody can spend coins they don't have (spending more than they have, spending someone else's coins, etc). 5. To make sure nobody is cheating, everyone is looking at everyone's hands by checking each transaction that comes their way. If you cheat, your transaction does not get forwarded. That explains the concept of how Bitcoin works. Just to be clear: "Does each bitcoin have a unique identifier, like currency notes have serial numbers?" Not like currency (that each bill has a serial number and you can't break them apart), more like bank statements (the identifier identifies the transaction on a certain amount of Bitcoins), but that's still a simplification. "If so, could you trace a particular bitcoin's ownership chain (ie. find the current owner of a particular bitcoin by its identifier)?" You can trace the history of transactions on the set of Bitcoins up to who mined them, but not on a particular 1BTC.

I don't understand. What do you mean by "community hangs out with the controller" ?

I would've, but I sold my Sibanya it was a roller-coaster. Sent from my SM-G920F using Tapatalk

Office speed is a bit better now

But I do not want to lose some I want to win all of it.

I wish I bought high, this was the first stock I timed perfectly by accident. I should have sold a few months ago when everyone was spamming the live chat on the website about how high rolfes is.

Sheeesh, that is my situation now... Do i buy more or do I wait this out. My average purchase price is 320 and a month ago I was still in the clouds. Now... Gut feeling says this price dive is not due to any issues or pressing concerns, but was rather some investment firm or fund manager(s) cashing in some major profits. Heart and brain does not believe gut enough to buy more at this stage.

Yea you need 6 GPUs to make it worth your while. That said a 4 GPU rig is also plausible. Assuming you go with AMD RX 470s or 4 x GTX 1070s

What the hell is going on with Rolfes?

Correct. The mining rigs everyone is building is used to "sell" their hardware's power to you the "buyer", but not directly. If you want to mine bitcoin you need far more powerful hardware than a couple of rigs so instead you go and say look I am willing to buy X amount of hash power from you guys (there is a calculator etc) and then nicehash pools that hashing power together for you in the background by splitting the work between Person A's rigs, PersonB's rigs and PersonX's rigs and so forth. In essence this means that the provider (Seller/Rig owner) is 100% paid for all valid work that his rig(s) produces (just as using any ordinary pool or multupool) and the buyers(You/Hamster) pays 100% only for valid work that has been submitted. (Just as it would be using your own rigs). It's 100% fair game for sellers and buyers.

I cannot wait for Rolfes to pick up. I want to sell on 700 then I will be happy. Not to mention AXL.

I am very glad you liked it. I think we need need a sub section dedicated to ripple. After I read a bit about it seems to be a real disruptor aimed specifically at banks. Which I find interesting, because Bitcoin's whole philosophy is be your own bank and the ecosystem itself is completely anti-banking. (Talking about actual banks like ABSA, FNB, Capitec etc)

Buying Ripple (XRP) is a bit difficult for South Africans, because it is only listed on three exchanges and they require a US or UK bank account. There is one exchange I found that allows you to fund the account using Ether. Since I already own Ether I decided to go that route so this is not the only way to buy ripple, however this is how I did it. XRP is listed on Bitstamp, GateHub and Kraken. I will try to explain how to buy XRP using GateHub. GateHub trades multiple currencies, including fiat currencies such as EUR, USD and digital assets such as Bitcoin (BTC) and Ethererum (ETH). The guide on ripple's site shows how to purchase it using a EU bank account. We will instead be using Ether. 1. Go to https://signin.gatehub.net/signup and create an account. After you enter your information and click Sign Up, GateHub sends you an email to verify your account. 2. Store Recovery Key to a SAFE PLACE. In case you ever forget your GateHub password this is the ONLY way to recover your funds. 3. After you stored Recovery Key activate your GateHub account by clicking Activate account button in the email you received. 4. Sign in with your email and password. 5. * You will be skipping steps 2, 3, 4 and 5 by clicking Skip, I'll do this later. When depositing a crypto currency (such as BTC, ETH, ETC or REP) GateHub doesn’t require full identity verification. You need to verify your phone, if you select South Africa then the SMS you receive from them is in Afrikaans. I thought that was pretty cool. (If you have a EU bank account) Type in your phone number and click Confirm. Enter 4 digit verification PIN you received via SMS and click Verify. Click Continue after phone number has been successfully verified. Follow the instructions and complete all 5 steps before connecting a gateway. 6. Before making a deposit you have to connect a gateway. On Home page click Connect a Gateway. Select a Currency (ETH) and click Confirm. You will receive an email once gateway confirms your account. 7. After gateway confirmed your account you can make a deposit by clicking Deposit / Receive button. To deposit ETH select the Ethereum (ETH) tab. Go to your Jaxx Wallet and deposit any amount using the information provided on the deposit screen. You will receive an email when deposit has been received. That is it. Bonus you will get 20 Ripples when you open the account.

Microsoft will have a platform before end of year and you'll be paying for your widows 10 subscription licence using the ethereum platform.

When bitcoin hits $6 548 399 per bitcoin then we will come back to this post [emoji14] Sent from my SM-G920F using Tapatalk

Anyone of you tried chengelly maybe a small amount to test. I'm a bit low on ether atm [emoji14] made some purchases. I will need to start accepting donations.

I've had conversations take longer than 6 hours, but not this long, perhaps contact jaxx, I wish I knew a bit more to understand what is happening in the background. Soon we will have all the crypto geniuses on here.

From the charts and reading I did I think ethereum will drop to about $65 and then it will start climbing ultimately surpassing bitcoin.

Or use the app -> https://goo.gl/jhaBta

I saw now on the wallet using that 12 code word phrase, but does this pair as in sync. For example does this make wallet 1 on phone and wallet 2 on PC in sync meaning what I do on 1 happens on 2 as well? In which case if the phone gets stolen you are still screwed?

I think you're screwed.

On the device itself so you have complete control and also sole responsibility. Thanks for the compliment. Yes that is 100 corect. I do, I use Jaxx because its easy, but blockchain.info has the bulk of my bitcoins and then I'm going to order a ledger wallet from @BitcoinZAR since that is the actual thing that you want. However I have no experience with a hardware wallet yet, perhaps he'll be able to do us a review. If fact I think he did -> https://platinumwealth.co.za/forum/Thread-The-Bitcoin-thread?pid=2978#pid2978 That is bitcoin specific, but I think the principle remain. I will need to find his brother EthereumZAR to comment. Sent from my SM-G920F using Tapatalk

Waits for @BitcoinZAR to shed some light.

100% correct this thread is a tutorial where I try to show people how to buy ethereum, at least demonstrate how I managed to buy it. At the time I was only aware of Changelly soon after I used the Jaxx wallet and that is where I learned about shapeshift. So in another a thread here I compared all the wallets. But the other guy asked in this thread between Changelly and shapeshift so I mentioned after using Jaxx I switched to shapeshift, but I realise now it might be a bit confusing what I meant was unrelated, ie I stared testing Jaxx and at the same time learned about shapeshift and from then started using shapeshift becuase when I installed the Jaxx wallet I saw that shapeshift was built in already.