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101  Bitcoin / Wallet software / Re: How do I properly set up a server as a bitcoin wallet? on: February 08, 2020, 12:25:22 PM
Quote from: NotATether
Wouldn't one be enough? Why are all of those addresses needed?

It has to do with your privacy. Imagine having only 1 address to your name, now each time you transact, you give out this address, showing your wealth to everyone since Blockchain is a public ledger, if you don't care about your privacy then 1 address should do the trick but keeping the technical side of things in mind you will be exposing your public key of that address. In theory, you can use this key to work out the private key of your address, So it's always recommended to use more than 1 address. Without getting too technical, the more addresses you use the better it is for your privacy and security...
102  Other / Meta / Re: Policy on users like this guy? on: February 08, 2020, 11:57:44 AM
Quote from: alani123
But I think that organizations and companies that seek to promote their activities or even build backings CAN have a place in bitcointalk while also contributing positively. Other than ousting them away and being hostile from the beginning, I would recommend that we also try to propose ways for those companies to improve their marketing efforts in this forum.

The problem is almost 90% of ICOs here are mere startups, they aren't companies or Organizations at all except for a few. Bitcointalk has more to offer them than they have to offer bitcointalk. To put things into perspective, there are forums which ask upwards of $1K for HYIPs to get their post pinned for a week, something which is a scam altogether. Imagine what bitcointalk is offering to these ICOs for free. They can create free threads run advertisements and all sort of good stuff without paying a penny to bitcointalk and since it's free for all, We see services like paid bumping get traction, You can't officially get your post pinned so the only way to get your post on the 1st page is by paying for bumping services.

I do agree with what you said in your DOs and DON'Ts but the problem is there is no one who will enforce these, nor do they have the budgets to hire experienced campaign managers. IMO, the first step should be to not allow these ICOs to run Signature campaigns for just their worthless tokens. This should reduce spam dramatically. As to reduce paid bumping many things have been proposed, from more rigorous moderating to new replies not bringing the threads to the 1st page. Each of them has its pros and cons which have been discussed countless times before. I still believe we need more moderating than what we currently have...
103  Bitcoin / Bitcoin Discussion / Re: PSA: If gold were illegal... (Gold WAS illegal!) on: February 06, 2020, 02:04:21 PM
Quote from: nullius
This is fact, not fancy.  Not some weird theory.  This is history:  It actually happened.  And if it happened before, it could happen again.

Indeed and it's just one of the recent events. China has a long history with paper money. The oldest form of FIAT money we know today was called jiaozi. Funnily the Song dynasty who introduced these never allowed the people to exchange the worthless paper for gold, silver or silk but they did value it at their rates. Roll Eyes I don't know what an average joe gets from reading stuff like this but to me it becomes clear. It was an easy way to scam people off their wealth. What's surprising is that this scam has lasted for centuries on the basis that paper money is easy to carry while the scam part of it is never brought to light. We often forget that those who are in power will do everything possible to prevent change from occurring and this bill is just one of the examples. I would go as far as calling this bill treason to the public. This wasn't in the interest of the general public but to promote a scam on a scale which has been never pulled off before. Funny thing is those who own these means of production label Bitcoin as a Ponzi or a scam when they are the ones who are operating a global economic system which is based on debt to some imaginary godhead. With that being said, I don't expect a smooth sailing for cryptos in general, Cryptos could end up as something illegal if it pushes the wrong buttons at the top level and I won't be surprised... They already have placed cryptos into a negative light the next step could pretty well be bans.
104  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Best Crypto Earning Site For Beginner on: February 03, 2020, 03:10:07 PM
@iasenko So I did a bit of digging @XinXan created a thread in 2015 where he stated that he was working on a game. From what it looks like @XinXan has some Designing Skills. I feel like he is part of their team because recently @TEAM360 created a post where they are offering "Art services", So it could be that @XinXan is sending merits as a sort of vouch for @TEAM360. Or it could be simply a case of merit selling and I'm just trying to give @XinXan the benefit of the doubt. He hasn't been active on the forum since June 2019 so this case of sending merit all of a sudden to a newbie account does seem suspicious. Definitely keep an eye on them.
105  Bitcoin / Press / Re: [2020-01-16] Chainalysis traced $2.8 billion crime bitcoin sent to Binance Huobi on: February 03, 2020, 12:29:43 PM
@squatter exactly, plus why would they want to put their reputation on the line? One small hiccup up and their reputation goes down the drain not to mention the time and money spent in verifying the claims of the victim economically don't make sense. Unless they'd want the victims to become their customers which again won't put them in a good light. I strongly believe if you want to prevent Scams then put your time and money in educating people. Something like Coinbase's earn program if you really have good intentions of helping people. Simply put, Prevention is better than cure.
106  Bitcoin / Bitcoin Discussion / Re: Bitcoin, Climate Change, and the Kardashev Scale. on: February 03, 2020, 11:45:51 AM
Quote from: hatshepsut93
either way it's completely unverifiable at the current moment - we have no idea how extraterrestrial civilizations might look like, and whether they exist or not in the first place.

There is nothing to verify... The Type I, II and III are just a bunch of statements. A civilization which is able to utilize all of the energy which it receives from its star is classified as Type I. For our sun it's around 174,000 TWs. But this doesn't mean we have to have 100% solar efficient panels to reach the Type I status. You can use other means to reach this number and still be defined as a Type I civilization. Will recommend watching this video [1]. There are different kinds of issue with Kardeshev's scale which are pointed out in the video but you can verify the amount of energy which is consumed by humans or produced. I do agree with you on the part that we don't know how an extraterrestrial civilization might look like but we have some common first principles i.e we all are dependent on energy in some way, even inanimate objects are dependent on the energy of their atoms. This principle can then be used to infer that all intelligent civilizations must use energy in some form. Hence why Kardashev's scale is very much applicable.

We already produce around 28,000 TWs of energy each year and we still have around 1 Billion humans [2] who have little or no access to electricity. But we still have to increase this number by a million's fold to reach anywhere near the status of Type I civilization.

Quote from: hatshepsut93
We also have no idea how our technology will progress, so overall Kardashev Scale can't be used to prove anything.

Nuclear Fusion alone can be scaled up to power a Type I civilization for 10,000 years from resources available on earth ( something which is calculated in the video I shared above ). We don't have to invent something out of Scifi to obtain a status of Type I civilization.

Quote from: hatshepsut93
That's because the price was increasing faster than the reward was falling, and it still can be lagging behind, but if you imagine stable price, halvenings would cut the hash power and energy consumption too. But in a few decades the block reward will be measured in milibitcoins, so the price would have to be hundreds of times higher than now to keep the same level of power consumption as we have today.

Yet there is no data to prove this, It's merely speculation at this point. We also have to keep the bigger picture in mind, Bitcoin is Deflationary in its nature while the FIAT we Peg it against is inflationary. We have seen cases of Hyperinflation with FIAT, Where a mere loaf of bread can cost tens of million dollars. I don't see how we can achieve a "stable price" in the long run. In fact, One can argue that there is no such thing as a "stable price" in theory at least. Each day the currencies appreciate or depreciate by a few points but we just don't see the impact of it in our daily lives because the merchants/corporations take the hit for us. Bitcoin has risen from pennies to thousands, it can reach millions too if Dollar depreciates even further.

I do get your point tho, Mining is a for-profit business mainly, So when the market drops you can expect the mining to drop as well but when you are mining something which will only be limited to 21 million in supply, it becomes a no-brainer to operate at loss in the short term if required.


Sources:
[1] https://www.youtube.com/watch?v=HEpNiOM6lto
[2] https://www.iea.org/commentaries/population-without-access-to-electricity-falls-below-1-billion
107  Bitcoin / Bitcoin Discussion / Re: Bitcoin, Climate Change, and the Kardashev Scale. on: February 02, 2020, 01:00:10 PM
@hatshepsut93 Well technically speaking it isn't a prediction but rather its a model. You can apply this model to a civilization living on Alpha Centauri or 1000s of lightyears away... What do you mean that it operates on the scale of human history? This scale has nothing to do with humans. Anyway, whether Bitcoin will be around or not is another question which this topic is not about.

Quote from: hatshepsut93
it's not guaranteed to increase its energy consumption, because block rewards get reduced every 4 years.

I kinda disagree with that statement, Reducing block rewards has nothing to do with the energy consumed by the Bitcoin's Network, We have seen a gradual increase over time in the energy consumed by the bitcoin's network even tho the rewards for blocks have halved. Imagine a billion humans participating in Bitcoin mining, How would the energy consumption look like then?
108  Bitcoin / Bitcoin Discussion / Re: Project Anastasia: Bitcoiners Against Identity Theft [re: Craig Wright scam] on: February 02, 2020, 09:59:56 AM
@owlcatz, No worries I understand, we are all humans at the end of the day and I respect you for offering an Apology. Many people think it's the end of the world if they were to accept their mistake but it's not. I myself have been in your shoes, sometimes what appears to be a shitpost actually does make sense but we are just being ignorant of the premise. Yesterday I created a thread to request Spoiler tags for the forum and I went ahead and reported @Kuffy's post for not adding any value to the thread. Looking today at it, I realized it is somewhat of genuine thought and wasn't worth the report. All in all, we are good! Smiley

Edit: Coming to nullius point, Accidently clicked post...

@nullius I do agree with you that there is always a difference between what the public can relate to and what the academic is all about. Some times ideas have to be dumbed down so that average joe can get a grasp of what is happening at the academic level. An example would be Darwin's theory of Evolution, to the general public it might be a theory which suggests that we evolved from monkeys but at the academic level its viewed as something else, It's about random mutations, adaptation and so much more. So I do agree with you there.

As for Satoshi not outing these thieves is understandable to me at least but that shouldn't stop us from outing these scammers. I do agree with what Gmaxwell said "The only thing necessary for the triumph of evil is for good men to do nothing". I have been thinking to make an avatar campaign which would say "We are all Satoshi, except for CSW". I don't know about the funding part but it can be sort of a solidarity campaign where whoever wants to participate can wear the avatar.

109  Other / Meta / Re: Theymos's kryptonite: Spoiler! Tags! Incoming! on: February 02, 2020, 09:01:01 AM
@Kuffy There is always the report to moderator button so even if the spoiler tags are being used to spam links as you have suggested the posts can be reported, I don't see how the spoiler tags may hinder the moderation process.

@Vod you don't really need machine learning for finding duplicate content. There are special functions/libraries which can be used for finding duplicate content. I won't go into detail of these as I don't want to derail the topic. But finding duplicate content is already possible and that's all I'm going to say about it.
110  Bitcoin / Bitcoin Discussion / Re: Bitcoin, Climate Change, and the Kardashev Scale. on: February 01, 2020, 07:53:20 PM
@kryptqnick, I gave the guardian article a quick read and found something really disturbing and something which I suspected. The author links to external sources where ever he can but when it comes to making the claim that 60% of the energy in china comes from coal, He has Zero Sources to back it up! This is what I said in my original thread "an unfound link is made between the two". This article is a perfect example of it. They make these figure out of thin air just like FIAT. These sources are not to be trusted until they show us where they are getting these numbers from.
111  Other / Meta / Theymos's kryptonite: Spoiler! Tags! Incoming! on: February 01, 2020, 04:57:10 PM
Ok, I'm sorry for creating a clickbait title but for the nth time can we please have spoiler tags? I did a quick google search: "spoiler tags site:bitcointalk.org" the following topics popped up.

https://bitcointalk.org/index.php?topic=3148007.0
https://bitcointalk.org/index.php?topic=4586905.0
https://bitcointalk.org/index.php?topic=119806.0
https://bitcointalk.org/index.php?topic=937331.0
https://bitcointalk.org/index.php?topic=955621.0

Never once we have got a response from theymos on this. An official word on this would be appreciated. Has the spoiler tag something to do with the security of the Forum? If so I totally understand why it's being left out. It would be a nice addition tho if we can get those tags. I know you can do a redact trick to the text but this request is more for the purposes of images and other items such as lists.
112  Bitcoin / Wallet software / Re: How do I properly set up a server as a bitcoin wallet? on: February 01, 2020, 04:10:50 PM
Quote from: NotATether
I don't want to risk my computer, which is old, breaking and losing the wallet. I have special circumstances and it's difficult for me to get another computer let alone recovering the data off of it. I do have the money for one but getting computers where I am located is difficult.

Once you have backed your seed i.e written it on a piece of paper or encrypted it on a flash drive there is no more backing up to do. Your seed is the backup so even if your pc breaks down you will still have access to your wallet that's the beauty of bitcoin.

Quote from: NotATether
Just a lot of addresses.

Just like @OmegaStarScream said, Electrum allows you to do this. It will automatically generate new Receive addresses once they have been used. Electrum usually shows only 20 addresses by default you can pre-generate more addresses by reading this: https://electrum.readthedocs.io/en/latest/faq.html
113  Bitcoin / Bitcoin Discussion / Re: Project Anastasia: Bitcoiners Against Identity Theft [re: Craig Wright scam] on: February 01, 2020, 02:07:24 PM
@owlcatz Trolls as in identity thieves... smdh...

Let me make my self clear if I wasn't. Dorian never claimed to be Satoshi while all the rest have. Just like it has been suggested before this only helps satoshi to hide his real identity. What I meant by you don't feed the trolls is that Satoshi never bothered responding to these identity thieves but when an innocent person was being labelled as Satoshi in the media, Satoshi came to Dorain's rescue. Saved him from all the harassment...

Nowhere in my post, I suggested that you were a troll, you just assumed that stuff and since you assumed ( or were trying to suggest ) i was padding my signature posts, Well why not you go through my merit history for the month of January Roll Eyes
114  Bitcoin / Bitcoin Discussion / Bitcoin, Climate Change, and the Kardashev Scale. on: February 01, 2020, 01:10:29 PM
Note: The idea behind this thread is to separate facts from myths around this subject. Every now and then we get an article claiming how Bitcoin is contributing to Climate Change etc, I want to put this issue to rest once for all. Please keep in mind this thread isn't about whether Climate Change is real or not, So Anything beyond the scope of this topic will get removed. So without further ado let's begin.



What is Climate Change?

Before we get to what is climate change, we need to define what is climate? Simply put, Climate is the average weather, typically over a period of 30 years.[1] So any major changes in the weather system get classified as climate change. E.G If it never snowed in an area for the past 30 years and starts snowing regularly it can be defined as Climate change. The words Global warming and Climate change have been used so interchangeably that it has become one big mess! We no longer can differentiate between the two, The moment we hear the word Climate Change, All the negative things which have been linked to Global warming come to our mind. We need to separate these first. Global warming simply means ever-increasing average temperature around the globe while Climate Change is a term used to describe changes in the average weather system of a region.

Earth has its own natural Climate Change cycle which is caused by the axial rotation of the earth, movement of the continents, volcanic eruptions and sun's solar cycles.[2] But the question here today is can Humans cause Climate to Change? The Simple answer is Yes! We have the means today to change the climate of a region. Whether it's turning deserts into farmable land [3] or Destroying Antarctica. Today we have the technology to do both. What I mean to say by presenting these examples is that Climate change isn't necessarily always a bad thing. It just shows how far we have come in terms of technology in the last 10,000 years. From Inventing Farming to having the ability to control the climate ( to some extent ) itself.

Global warming can cause the Climate of a region to change but this thread isn't about global warming itself or the harmful effects of it rather I want you to see it as a technology which can be used in the future to terraform Mars and other planets. Just like a nuclear weapon, it can make us go extinct or help us terraform other planets, Besides being a clean source of energy. This is something which needs special attention from us. If we don't handle it with care the results can be deadly. That is all I'm going to say about Global warming as I don't want this thread to head towards a global warming debate.


Bitcoin and Climate Change?

We all have come across some articles which claim Bitcoin's network now consumes XXX TW of Energy, similar to the Energy consumption of an X country and then they ramble about how the current means of energy production lead to Global warming and an unfound link is made afterwards between the two. Anybody who has dipped their toes in the world of Bitcoin Mining knows your $ KW/h will decide how long your mining operation will last or if you can mine at all. Mining Bitcoins at profit means you have to look for cheap electricity something which isn't available to all. Anything above 5 cents KW/h means your payday will depend on the price of Bitcoin when your bills are due, it can go either way. If you check the cost of electricity around the globe you will only find a handful of countries where the public has access to cheap electricity.[4] So how do these people mine at a profit you may ask? Good question. The answer varies from person to person, Some might strike a contract with their local energy producers to get electricity at much cheaper rates than others. Some ( a lot ) might have access to renewable energy. Fun Fact a recent study done by CoinShares suggests 74% of Miners use Renewable sources to mine Bitcoin.[5] Which only makes sense given there are only handful of countries where people have access to less than 10 cents KW/h.

We often forget that "Necessity is the mother of invention". For Bitcoin to exist it is necessary for its Network to exist. This Necessity of Bitcoin brings forward innovation, Ever since the first ASICs became available to the public their efficiency has only increased. This, in fact, has been shown in the recent study done by CoinShares. I highly suggest reading their findings: https://coinsharesgroup.com/research/bitcoin-mining-network-june-2019 I'm gonna leave a screenshot to give you an overview.



Like any economic free market, the competition will drive out the inefficiencies in the system. The inefficiency in Bitcoin Miner's case seems to be the cost of Electricity, at least that's what the data suggests. There is only so much which can be done to the ASICs on the miner's end, the most you can do is try different firmware modded by the community. So looking for ways to reduce the cost of electricity only makes sense. I don't see how someone can claim that bitcoin contributes to climate change or global warming just because bitcoin's network consumes XXX TW of electricity. Unless you can show us the data which presents a different story ( which I doubt ). Most of this energy comes from clean renewable sources and the renewable penetration will only increase. The best argument you can make is along the lines that the amount of energy used by bitcoin's Network to append a ledger is somewhat inefficient. This is what I will address next...


Bitcoin and the Kardashev Scale

For those of you who are unfamiliar with the Kardashev Scale. The Kardashev scale is a method of measuring a civilization's level of technological advancement based on the amount of energy they are able to use.[6] There are 3 types of civilizations, Type I, Type II, and Type III.

Quote from: Wikipedia
  • Type I civilization, also called a planetary civilization—can use and store all of the energy available on its planet.
  • Type II civilization, also called a stellar civilization—can use and control energy at the scale of its stellar system.
  • Type III civilization, also called a galactic civilization—can control energy at the scale of its entire host galaxy.

We have still to reach the Type I status, though some say we are close ( in the next 200 years ) to achieving this status. I will let the gurus debate this as we are not here to debate when we will achieve this milestone but rather what this means for Bitcoin/Blockchain. Two popular schools of thought have emerged POW ( Proof of work, Satoshi's vision ) and POS ( Proof of Stake ) in the cryptosphere over the years. I align myself with POW rather than POS ( for reasons which are beyond the scope of this thread ). Anyway Bitcoin's network is based on POW rather than POS. One of the main arguments against POW is it being inefficient because it uses a lot of energy for purposes of merely appending a ledger while the supporters of POW suggest that it prevents 51% attack on the Bitcoin's network and secures the bitcoin's network. Which to me makes sense, No one can overnight get access to TWs ( TerraWatts ) of energy and hashrate to manipulate the bitcoin's ledger. While we have seen exchanges get hacked overnight, Flash crashes etc which for me makes the POS a lot more vulnerable to manipulation.

Given that a Type I Civilization will have access to all of the energy available on their planet, Energy consumed by Bitcoin's network is pretty insignificant in the bigger picture and can be justified by the mere fact that they will have access to abundant clean energy. To put this into perspective earth receives about 174,000 TWs ( TerraWatts ) of energy from the sun each second, while Bitcoin's network consumes around 75 TWs per year [7] Shocked ... All of a sudden what appears to be an inefficient system handling global payments becomes extremely efficient. As for a Type II civilization, the number is meaningless, to say the least. For a Type III Civilization, lets just not go there.

The point of presenting these figures is that there are no Facts behind these news articles, they are often written to spread FUD in the market. Manipulating people into their agendas. They don't have the figures to back what they claim. What I need you to take away from this thread is always verify their claims, see where they are getting their numbers from because the numbers don't lie and that's what Bitcoin is based on in its core, numbers. So anytime you read another article claiming how bitcoin will/is destroying earth remember to keep calm and hodl strong Wink


Sources:
[1] https://en.wikipedia.org/wiki/Climate_system
[2] https://inhabitat.com/the-sun-is-getting-dimmer-but-it-wont-let-us-off-the-hook-for-global-warming/
[3] https://www.youtube.com/watch?v=cazVrq9v1mE
[4] https://www.statista.com/statistics/263492/electricity-prices-in-selected-countries/
[5] https://coinsharesgroup.com/research/bitcoin-mining-network-june-2019
[6] https://en.wikipedia.org/wiki/Kardashev_scale
[7] https://digiconomist.net/bitcoin-energy-consumption
115  Bitcoin / Bitcoin Discussion / Re: Project Anastasia: Bitcoiners Against Identity Theft [re: Craig Wright scam] on: February 01, 2020, 09:40:30 AM
@owlcatz Umm Cuz you don't feed the trolls? That's why Satoshi didn't bother responding? Just like @chaoscoinz said many people have claimed to be Satoshi but none have been outed by Satoshi himself. Does that mean they are all Satoshi by that logic?  Roll Eyes
116  Other / Beginners & Help / Re: [Guide] How to get genuine windows 10 ISO and why? on: January 28, 2020, 10:29:57 PM
Quote from: stedsm
So if I'm running a pirated Windows 10 and not an older version and never had any such older version installed on my laptop before, I hold the eligibility to get that Windows 10 beta upgrade for free? Or I won't even be able to use it without any key?

Quote from: harizen
a) To make shortcuts, purchase a genuine Windows 10 key and just update your product key.

The whole point of this thread is to get the ISO file directly from Microsoft and don't use any 3rd party links i.e torrents and other freeware websites to acquire Windows ISO files. By activating a torrented version of windows you aren't getting rid of the malware which it might already have. An activated window doesn't mean it is free from backdoors, malwares, keyloggers etc. You just get rid of the annoying windows watermark and get the option to choose your desktop background.The window remains fully functional even if you decide not to activate it.

As for cheap keys, I really do recommend getting the OEM keys but if you really want to cheap out then you can always get an MSDN Key from the digital section. They usually cost 1-3 Dollars. You can't get lower than that. Keep in mind the MSDN keys can stop working once the Developer's licence expires so think of it as a temporary way of activating windows. I do not recommend getting the MSDN keys.
117  Other / Beginners & Help / Re: [Guide] How to get genuine windows 10 ISO and why? on: January 28, 2020, 04:35:43 PM
@Loganota Who cares about what Microsoft thinks? It is for the users! Just like @TryNinja suggested. It's better to be running non-activated windows from its original source rather than installing/downloading it from an unknown source! This is the whole point of this thread... smdh!!  Undecided

@nickenburg that only applies if you were running the original version of Windows 7, this doesn't apply to cracked versions.
118  Bitcoin / Press / Re: [2020-01-16] Chainalysis traced $2.8 billion crime bitcoin sent to Binance Huobi on: January 28, 2020, 03:35:09 PM
Lol, You can't be serious! Anything can be used for illegal purposes. It's like saying the smartphone companies should embrace the fact that their cell phones are used during/planning robberies, they should do something about it by placing filters on some words like a getaway driver etc. So that robberies can be prevented. Do you see how insane your argument sounds? Illegal activities are a human problem, not a currency problem.

P.S By fiat supporters i meant the banks themselves  Roll Eyes
119  Other / Beginners & Help / Re: [Guide] How to get genuine windows 10 ISO and why? on: January 28, 2020, 12:55:13 PM
@UserU I believe it's ignorance on most part. As I said in my post People can get an OEM licence at fraction of what the original windows cost. The only difference is OEM Key is locked on a single machine so if you change your system i.e your motherboard you can't move the key to the new one.

Here is one I found by doing a quick google search and i have seen much cheaper before, So these are always an option to consider.

120  Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations on: January 28, 2020, 12:30:55 PM
WTF is "work in bitcoin" suppose to mean? Is she targetting us, sig renters? Or does she means people who mine or offer services in exchange for Bitcoins? Or is she calling out Bitcoin Core devs? These snowflakes can't even write out their thoughts properly. I did a rough calculation last year from the data which is available for public... Turns out more energy gets wasted by the Americans alone than what the entire Bitcoin network uses. How about we start seizing the assets of those who waste energy?  Roll Eyes ( I feel like I should make a proper thread about this and put this issue to rest once and for all )
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