Bitcoin Forum
May 24, 2024, 09:31:57 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 215 »
1  Bitcoin / Bitcoin Discussion / Re: End of Bitcoin on: May 22, 2024, 07:38:34 PM
For example does it take you the same amount of time to add 3 and 2 together as it takes you to add 334212132454779 + 675456421213132457964?
It takes the same time. Integer addition is instant, O(1). Did you mean elliptic curve point addition, perhaps?

Edit: For fixed-width integers (e.g., 32-bit, 64-bit), it's O(1). For arbitrary-precision, it's O(n) (with n being the number of bits in the integers, i.e. adding fixed-width n times). It's still fast, though.


I think he just meant that you can add 3 and 2 together instantly in your head whereas it will take you longer to add 334212132454779 + 675456421213132457964 since most people can't add them instantly without resorting to pencil and paper.  Similarly as the space searched expands like the numbers above got larger, searching takes much longer.
2  Bitcoin / Bitcoin Discussion / Re: I have some old BTC wallet from 2013 on: May 22, 2024, 07:35:17 PM
Perhaps I missed it, but what is the name of the wallet file that you found?  That might help determine what software it worked with and then you can see what it had in it.

As people said above, make copies of the file(s) before doing anything, just in case.  Likewise, before sending them to anyone make sure they are legit and not scammers.
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin backed loans on: May 22, 2024, 07:31:42 PM
Thank you guys for your replies and advice. 3 things I have learnt after reading all replies:
1. Nobody in this forum ever used loans backed by BTC and never wanted to.
2. My investment strategy is bad, because I believe too much in BTC and don't have savings for 3-5 months that can cover my emergency needs.
3. I shouldn't do vacation if I don't have spare funds.

That's pretty fare. I take it. Thank you, but I don't believe nobody ever used loans backed by crypto in this forum, please reach out...

#3 is critical if you want to remain in bitcoin.  There were plenty of people who did similar things. Coinbase used to offer it for example, and another place is ending it shortly although I am not sure which one.  The key is that if you don't have the private keys, you don't have the coins so I'd advise against it and that is why I never did it.
4  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin the Dumbest Thing Ever Invented on: May 22, 2024, 07:28:11 PM
...That's why Bitcoin is the dumbest thing ever invented.

As opposed to fiat that will steal somewhere between 3% and 300% of the value of your assets every year (depending on your jurisdiction) and deposit them into someone else's account?  Fiat and other systems that are subject to the whims of someone else (not censorship resistant)?  When the former US President with billions of $ is shut out by Stripe and PayPal and certain manufacturers are shut down by credit card companies, censorship resistance is critical.  That's why the CCP and other totalitarian and authoritarian (fascist, communist, socialist etc) rulers around the world don't like it (see e.g. the current US President, Joe Biden, and much of his party) - they want power and control.


5  Bitcoin / Bitcoin Discussion / Re: Do your parents invest in bitcoin ? on: May 22, 2024, 07:21:58 PM
Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?

Lol my father does have some Bitcoin.  I told him to buy, but he did a terrible job and bought way later at terrible prices.. he wanted to sell,  I stopped him, and now he is in profit but just a little bit.

Anyway, Bitcoin is way more common in millenials and Gen z.


Hard to convince old forks to eat new foods, it have to take a lot of time, talk and profable results for them to be convinced just a bit, and doing so may be late in such situations, although the pick interest either one ways or the other as long as we keep pushing our Bitcoin activities and usage to they face, in terms of investment, I think some of our parents are late to invest in Bitcoin now considering the level of finance and how much Bitcoin is cost at this time.
...

I'd be interested in hearing what constitutes "old" on here now.  lol.  Grin

Even one of the youngest on here from 2010-2011 timeframe (who is no longer on here at all) was around 17-18 then and so now would be early/mid 30s since I was never clear his precise age just around there.  For those of us who were older than that then, we are obviously 14-15 years old than back then.  lol.  Our kids would answer yes to the question posed above.

On a somewhat related point I did talk to people about it fairly often back in 2010-2013 (and thereafter) but there were the typical "tulip" comments, "it is too late" etc.  I made the point that if you spend your coffee money on bitcoin for a month or two you could end up with 10-20 of them at little cost, but few people did it.  

6  Bitcoin / Bitcoin Discussion / Re: End of Bitcoin on: May 22, 2024, 07:14:55 PM
you can do that with any transaction that is in mempool and has made public key public.
If I give you two numbers and ask you to add them together will you do it at the same speed with all numbers?
For example does it take you the same amount of time to add 3 and 2 together as it takes you to add 334212132454779 + 675456421213132457964?
And these numbers aren't even big!

It's the same in Elliptic Curve Cryptography.
If you can solve ECDLP in a short time when the key range is tiny, that doesn't mean you can do the same when the key range is ginormous like 2256. That's what the puzzle keys people are finding are, small keys in a tiny range compared to the max range of 2256.


If OP really wants to understand the technical details a bit more (vs "End of Bitcoin" number #1000000012340), this thread has some discussion about it:
https://bitcointalk.org/index.php?topic=5322009.0
7  Economy / Speculation / Re: BTC staying above $67,000, will it reach all time high? on: May 19, 2024, 12:23:17 PM
Didn't click on the links. It's a no-brainer to know that Bitcoin could proceed in any direction any second of the day. For me, however, it seems the general sentiment of the market remains to be one characterized with optimism. It remains more or less bullish. It's just that there are not-so-good days even amidst a good season. I guess this is it, a temporary break in a bullish season that would push the price to $100,000.
I'm really wishing that bitcoin would go in a downward direction,...

If wishes were horses then beggars would ride.  People were saying "$1" and "$10" are crazy. "Dollar parity never will hold, it will be back and stay below $1 soon".  All this same stuff.  Ditto $100, $1000, $10000, $20000 etc.  Every time people have been saying that and they wait to buy on a pullback, but then end up missing a chance to own some bitcoin and protect themselves.  It may go up, it may go down, no one knows in the short term.  Lots of people guess and get it right sometimes because they got lucky, but the long term trend for 15 years has been obvious.
8  Bitcoin / Press / Re: [2024-05-18] Blackrock Bitcoin ETF Attracts 414 Institutional Holders on: May 19, 2024, 12:19:04 PM
That is amazing if it is 414 of managers and they manage over $100 million.  And that was just the 1st quarter and we are already 1/2 way through the 2nd.  The data that pops up here and there is always quite interesting.
9  Bitcoin / Press / Re: [2024-05-12] South Korea's Bitcoin Premium Narrows ... on: May 15, 2024, 12:02:41 AM
"Per unit".  lol.  Who is writing this stuff?    If South Korea was a free market the premium would disappear quickly, but their statist masters don't trust their citizens.
10  Bitcoin / Bitcoin Discussion / Re: US senators warn on Iran Bitcoin mining industry on: May 06, 2024, 02:29:00 PM
Fuck Warren, Warren always been an enemy for Bitcoin (Elizabeth Warren, Warren Buffet).

This will be hard for miners in Iran, they're not anonymous since the government can know which house or place that consume a lot electricity, they can track it. Since miners will be forced to sell their coins to the Iranian central banks, the banks could manipulate the rates and make the miners won't earn much. Moreover, this make the newly mined coins forced to enter "centralized system".

She, like most of the rest of the elected members of her party, aren't just enemies of bitcoin, they are enemies of liberty worldwide.   Bitcoin takes power back from authoritarians everywhere who will rob everyone of the products of their lives if given the chance.  Think about how much has been stolen from the people of the world over the last century+ merely from inflation.  Of course that is the democrat party's modus operandi: they have the right to take parts (or all) of people's lives and they even fought the Civil War to defend their right to do so. 

Even more than 150 years later the evil of slavery animates their philosophy.  They just claim it is their right to do so because the "need to".
11  Bitcoin / Bitcoin Discussion / Re: US senators warn on Iran Bitcoin mining industry on: May 06, 2024, 02:27:54 PM
Warren is an incompetent authoritarian thug.  She, like many of the people she is attacking here, want power and control over everyone and everything else.  Her problem with them is that Iran's leadership wants power just like she does and she finds that upsetting.  The democrat party is the party of fascism, socialism, totalitarianism and communism in the US, and right were all those authoritarians find a home.
12  Bitcoin / Press / Re: [2024-04-30] Bitcoin Dominance Rises as Altcoins Decline on: May 02, 2024, 10:49:11 PM
Given the centralization and difference in security (e.g. that provided by miners) on bitcoin vs most (all?) other cryptos this isn't surprising.  What is surprising is that it isn't higher.
13  Bitcoin / Press / Re: [2024-04-24] Noones CEO Ray Youssef Blasts Bitcoin Fees: ... on: April 24, 2024, 09:15:08 PM
It seems as if this type of transaction makes more sense on layer 2 and one would think he would know this.  Seems as if he is looking to stir up trouble where there shouldn't be one.  With any large amount of usage, blockspace will be at a premium.
14  Bitcoin / Bitcoin Discussion / Re: Happy 4th Bitcoin Halving on: April 20, 2024, 12:17:24 AM
Always good to see it happen again!  How time flies.
15  Bitcoin / Press / Re: [2024-04-14] Coinbase Challenges SEC’s Definition of 'Investment Contracts' ... on: April 19, 2024, 07:17:33 PM
The people running these government departments like no definitions, unclear definitions or all-encompassing definitions of everything so as to amass more power. 

It will be of little avail to the people, that the laws are made by men of their own choice, if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood: if they be repealed or revised before they are promulg[at]ed, or undergo such incessant changes, that no man who knows what the law is to-day, can guess what it will be to-morrow.

James Madison
16  Bitcoin / Press / Re: [2024-04-15] Another cryptocurrency suicide on: April 19, 2024, 07:15:34 PM
"Don't invest what you can't afford to lose"

I remember seeing Reddit pinned suicide prevention numbers for each country after a wave of desperate investors
And I've read long ago a professor of psychiatry saying people can easily have a psy problem with digital finance. He drew comparisons with online gambling addictions and it starts when people check almost everyday their bank account with smartphone.
crazy world

Quote
the people are in such a state of fear and distress that they could fall into any kind of madness

Exactly.  Nothing is worth killing yourself over.  Life is precious, worth more than any financial asset.  RIP to the family.
17  Bitcoin / Bitcoin Discussion / Re: Countdown to the 4th Bitcoin halving.. what should we expect? on: April 19, 2024, 07:10:46 PM
What should we expect?  Probably not a lot.  Kind of like all of them.  :-)
18  Bitcoin / Press / Re: [2024-04-16] Exploring the Impact of BTC Halving and Miners on Market Dynamic on: April 16, 2024, 11:19:53 AM
FalconX‘s Research Director David Lawant discusses the changing role of Bitcoin halving events on market dynamics on social media platform X. Lawant’s analysis challenges the traditional view that halving events directly and significantly impact Bitcoin’s price. He also highlights how a broader economic and strategic context can influence investor perceptions and market behavior.

Read the full article here: https://en.coin-turk.com/exploring-the-impact-of-bitcoin-halving-and-miners-on-market-dynamics/

To argue that cutting new supply in half doesn't impact the supply and demand curve is ignorant.  Whether it happens instantly is an obvious question since no doubt there are plenty of people holding in anticipation of a jump in fiat price before taking a short term profit.  Over a longer period the decrease in new supply of $30 million (or whatever) clearly will make a difference.  Obviously other factors come into play, a huge number of them, but this isn't some new insight.
19  Bitcoin / Press / Re: [2024-04-13] Robert Kiyosaki Explains Why He Won't Buy Bitcoin ETF on: April 16, 2024, 01:07:23 AM
He isn't wrong.  For many of the benefits of bitcoin, actual transactions, pseudonymous transactions, censorship resistance, protection from governmental "haircuts" (as in Cyprus 2013), capital controls (e.g. in Venezuela and many others) etc an ETF doesn't help at all.  To realize the gain in fiat price as people realize the uses then it isn't too bad, but you run the risk of them not caring for the keys.

20  Bitcoin / Press / Re: [2024-04-10] Next Bitcoin Halving to Propel Prices to Between $150,000 ... on: April 11, 2024, 03:19:42 PM
From what I recall when there wasn't a huge jump right away, some (without foresight) people sold and then it took a while to come back to new highs.  I think that it seemed that shortsighted people seemed to expect an immediate jump, then when it didn't immediately materialize they took some profit and then missed the bigger gains over the last X years, depending on when it happened.
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 215 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!