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1061  Other / Beginners & Help / Re: Why Is It So Hard To Understand The Technical Part Of Bitcoin? on: July 24, 2022, 10:37:44 PM
Most people struggle with working out the level needed to explain things they know about to others.

If you overexplain, your reader will get bored; if you underexplain, your reader might be left frustrated or annoyed.

Most things crypto related are mostly learnt as and when the person comes across them or needs them (this isn't dissimilar to how information at higher levels is presented). I think it's something that's daunting to a lot of people though (but I'm not sure how would be best to fix something like that - hashing algorithms could be explained from breadth to depth with a lot of inbetweens - same goes for ecc and those two build up the security of the entire protocol/chain/coins).
1062  Economy / Trading Discussion / Re: FTX, Alameda proposes liquidity plan for Voyager customers on: July 24, 2022, 04:10:49 PM
The exact percentage is still undetermined since this just a proposal plan and they are not willing to disclosed anything to the public but I’m pretty sure it’s below 50% considering how bad the current market right now.

I've seen people say in a lot of places that many bankruptcy proceedings are lucky to get 1% but I imagine ftx will be able to bail out/and hopefully try to give a higher percentage.

The supposed to be rescue of FTX is just a drama to get profit from distress investors that will surely liquidate there crypto in fiat directly on FTX.

Let's hope this is all it is. I'm having visions of ftx trying to sell a new stablecoin like bitfinex did after some investors lost funds (and this could be a way to return funds back to the users in full - over time - but would be very costly for ftx, perhaps too costly unless there's something valuable they're hoping to acquire from voyager).

Plus the money must come from somewhere. FTX doesn't have the privilege nor the power to print money like the Federal Reserve can to issue bail outs. FTX is playing the role of the Keynesians, but they should be careful. Because not having enough conviction to pump money in the hole will have atrocious consequences.

I doubt they'd get much negative press for pulling out though. It's not their company that went bankrupt, it's another they're trying to patch up.

They'll get investors angry with them for not offering something high enough or competitive enough which might be something they'd listen to and try to improve their image by fixing the issue but I don't think it's their burden they're taking on here.
1063  Other / Beginners & Help / Re: Why Bitcoin still remains the leading cryptocurrency in the world. on: July 24, 2022, 11:33:43 AM
There's a chance an altcoin might overtake bitcoin (again) but there's no reason things implemented on other chains can't be added to bitcoins.

I doubt this will even happen, altcoin are heavily centralized especially as they have physical representative while Bitcoin is more of a community project. If there was to be any token or coin that'll overtake Bitcoin in market capitalization then, it'll be a stablecoin because of the day today used. And for that to be possible, it has to be a decentralized stable that has no physical face of the projects.
Stablecoins can't be run off bitcoins chain now though, they can be run off ethereum and similar chains to it though.

If a stable gets a higher market cap than bitcoin, whatever network it's being run off/mostly stored on will probably be as valuable or more than the stablecoin.

Ethereum is probably similar to bitcoin in terms of most things up to now except fees (which have been really high and those are still being paid by its users).
1064  Economy / Economics / Re: BlackRock suffers $1.7 trillion loss in 6 months on: July 23, 2022, 11:17:54 PM
Bonds doing badly looks generally weird and problematic. It might be due to investors being threatened by countries having more incentives for things like war declarations or for the fact that the 2020 stock market crash saw stocks falling to January 2020 price levels in March (you got no discount for waiting a bit on the sidelines).



A price falls due to a weak order book (in most cases it's supply and demand only and free cash flows/assets have nothing to do with it).

ETF managers often have discretion to lend out the fund to let people leverage with it too (either for or against) - I'm not sure whether this interest is held by the fund management or redistributed to the fund holders though.
1065  Other / Beginners & Help / Re: Digital signatures and Certificate made Bitcointalk secured... on: July 23, 2022, 03:17:54 PM
256 byte keys are big afaik, rsa is secure at 2000+ bytes (and are theoretically cinsidered that secure for 10 years).

Have you opened this site in the console bit? I used to get warnings on Firefox if sites used sha1 for some things but there's a difference with using sha1 for the encryption algorithm/ie cryptographically signing things and signing sha1 documents with your private key and using it for generating a checksum.

MD4 can be used in some circumstances for checksums too. It might be faster for larger inputs and hard to bruteforce (if you have to include authentic data) - I'd prefer more checksums than fewer.

If someone wanted to launch an attack on bitcointalk, they wouldn't be able to attack much afaik especially for logged in users but I'm not sure if entropy bytes are signed too for pages that are publicly accessible (like the login page). If server time or something is also signed then an attack on those would be impossible.

Edit: thinking about it, there are time errors you can get when connecting to sites using https so it's likely impossible to believably bruteforce.
1066  Economy / Gambling discussion / Re: Is it profitable to hedge/cashout bets before end of sport event? on: July 23, 2022, 12:25:56 PM
I haven't seen this happen on betting sites before but I don't know if this would make you reflect too much on the bet you placed and too little/much less on the game.

If casinos change odds or offer a cash out early, it's probably because it benefits them to offer that (and not you). They either benefit by making you wager more money with a smaller payout or by making your regret withdrawing early (and perhaps making you bet higher on your next bet because of it.
1067  Economy / Economics / Re: Henan Bank decides to use citizens money for investment on: July 23, 2022, 12:09:52 PM
Imagine a situation where you have worked for your money and put in the bank but at the end of the day can't access them simply because your government decided that it would be the best fund to cater for development of the country!! That's the rude awakening citizens of the Henan village of China got.

This is how most custodians of any assets make their money - they lend out your assets to others.

It's not limited to banking as it's done by most stock exchanges and billions too.



The tanks are probably more unique to China but a lot of countries have militarised police.
1068  Economy / Trading Discussion / Re: FTX, Alameda proposes liquidity plan for Voyager customers on: July 23, 2022, 12:04:11 PM
Do we know how much of a proportion they're expecting to be paid or is that figure being kept secret/finalised.

It's probably an advertising ploy of more of a "putting our name in the media", they'll probably have got the people they bailed out investing in them without putting an ad on the liquidity redemption page though too (and extra customers).
1069  Other / Off-topic / Re: My View on Brand-Newbies to Legendary Members in the Forum on: July 20, 2022, 11:09:39 PM
Did you know that learning on this forum can be different? That is why you will see senior member posting good than even some hero and legendary.

I did think this before but people could go to university and be well versed in their subject before they start (there's no quick jump to masters course if people want academic accolades and universities can act as an easy way to gain contacts with people in their field).
1070  Economy / Trading Discussion / Re: Where is real pumps ? on: July 20, 2022, 06:13:06 PM
No exchanges pump and dump coins unless they're a scam exchange.

I think you're just looking to gamble and that's potentially hard to do on exchanges (especially for making a good profit - though the term "gamble" implies you won't make a good profit).

Anyone who claims they can get a coin to pump and posts it (as used to happen in the past) has often already used a group and strategy to pump a coin and is trying to draw attention to it so the order book is able to absorb their sells - the price doesn't normally go higher and sometimes is controlled not to.
1071  Economy / Speculation / Re: Which crypto Youtuber called the top at 60-69k and told they would sell? on: July 20, 2022, 01:06:35 PM
I'd be careful about trying to find this. I made a post after the first peak saying it was a profitible strategy to sell new aths (admittedly I didn't really do it myself - just opened a few low risk-lev shorts when the trend started to change after an ath - because I don't know when to buy back).

1072  Bitcoin / Bitcoin Discussion / Re: China banking crisis pointer to Bitcoin credibility on: July 20, 2022, 12:54:15 PM
Now the citizens are deprived access to they savings in the bank in China and the only reason given is that their savings have been turned into investments and can't be withdrawn without the consent of the citizens

Did you mean "consent of the citizens here? What does that mean?

This can't happen with Bitcoin if your savings are in Bitcoin and in your private wallets, one will have access to it at whatever time or place. This is why China government do not want freedom that  Bitcoin offers due to Bitcoin decentralized nature.[/b]

I think China's initial ban seemed more of a way to get people to invest locally (especially when the economy started to drop/plateau).

But yes bitcoin savings stored with your own private keys are very immutable and as safe as your key and only your key.
1073  Other / Beginners & Help / Re: Bitcoin Vanity Address(es) on: July 19, 2022, 10:45:11 PM
3 letter words are often fairly easy to find in addresses and would make them harder to believably replicate for users paying attention to what they're doing.
That brings me to what I observed with my wallet app early last year or so. It was a Blockchain wallet app I was using then and I needed to receive Bitcoin from a seller. In order to differentiate that transaction I needed to send a fresh address from the same wallet app I had been using. Surprisingly I discovered that the new address was a legacy address turned vanity with the first three letters of my name to it. I didn't do anything to generate that vanity address and it kind of astonished but excited me. However, till date I haven't made use of that address as I couldn't get around how that happened. Is there anything I should be worried of with that?

The chances of that happening are about 97556:1 - anything below about 2000:1 would be something I'd consider could happen so if you have generated 50+ addresses then it'd be likely to happen.

It's not uncommon anyway, I've had this before with an address I generated on a wallet.
1074  Economy / Speculation / Re: was the 69K the actual bull run or just part of a longer bull run? on: July 19, 2022, 02:15:37 PM
I am still not persuade that the 69K was the bull run, it reminds me more of the 2013 run up to 200$ then fall the run up later to 1K in late 2013.

it feels like the cycle is just longer .... and have been getting longer we are in a bull trap / short squeeze.

I've had this kind of feeling in April. And the market has failed me. Now the numbers look more like crypto winter than bull run really and it lasts for a bit long too. A bit too long for "short squeeze"...

If we couple that with the last two aths being made at times around when stimulus/furlough was being given out too (in 2021) then I'd say we're not doing great atm for making a new peak (although property prices might have to crash soon - even though stock market crashes aren't really crashes because no one knows what else to invest in so the money floods back into the same places after a while).
1075  Bitcoin / Bitcoin Discussion / Re: Hyosun America will enable Bitcoin purchases in over 175 ATMs across the United on: July 19, 2022, 02:11:41 PM
Looks like a good pr boost for them.maybe since the first thing I can find about them is articles relating to them stating they'll introduce bitcoin (unless they don't need a high profile anyway)...
1076  Other / Beginners & Help / Re: Why Bitcoin still remains the leading cryptocurrency in the world. on: July 19, 2022, 01:51:26 PM
Bitcoin's the prototype for a blockchain based digital currency.

Most prototypes aren't thrown out but are used to develop things on and add things to. That's why bitcoin is the most valued cryptocurrency and why it's also one of the most secure and most trusted (it might still be trying to prove itself to some too).

There's a chance an altcoin might overtake bitcoin (again) but there's no reason things implemented on other chains can't be added to bitcoins.
1077  Alternate cryptocurrencies / Altcoin Discussion / Re: News about the Merge pushed ETH to $1,400 on: July 19, 2022, 01:43:29 PM
The last time ether rose strongly against bitcoin was in 2021 I don't think it's done much against it since then (other than taking a bit of a tumble against it more recently).

(of course it's hard to know which has the highest initial momentum in changing where the market might go).
1078  Bitcoin / Development & Technical Discussion / Re: Can we sign 3 messages from 3 addreses with same private key on: July 19, 2022, 01:18:14 PM

That is actually what Electrum is doing when signing with Segwit because Bitcoin doesn't allow it (No associated private key). However, that is not what we're getting at and treating addresses as entities with a single public key doesn't allow script based addresses, or multikey implementations to sign messages. You do need the address to cross check and that is usually provided by the user.

Yup I thought I'd seen that before but couldn't work out where. I'm surprised it:s not done in all other wallets as it's a reasonably easy implementation (and might just be based off calling the same but slightly different method each of the three times).

I know multisig compatibility has been stated on here before that devs would look to find a way that means different signatories can be used if necessary (ie there needs to be a way a signature can be removed from a raw transaction) if that's the same for signatures then it'll make things a bit harder.

(the topic that came from was a discussion on taproot, I'm not sure I've done what was said justice but it was a discussion on combining signatures to mean you'd run a verification algorithm over 1 signatur but with n private keys having signed the same hash/message).
1079  Bitcoin / Bitcoin Discussion / Re: Binance Flips Coinbase, Now Has Highest BTC for Exchanges !! on: July 18, 2022, 08:24:42 PM
I could almost guarantee that this was caused by Binance removing exchange fees off BTC/USD trading pairs.

Sell it at a loss and make it up in volume :-)
But seriously, I'm guess that with all the other fees they figured to get more volume is better even if the BTC/USD is not generating cash flow at thins point the "I'm here and trading anyway happens" will get them some volume / money.

I'd assumed binance makes most of its money from futures, margin and other gimmicks it can sell to regular investors/traders - it could always find other ways to absorb fees too.



I think binance has better incentives to get users to keep funds on their exchange too though. They offer interest on btc held there and also make things fairly easy to find too (coinbase is really bad at that). It's really sold as the exchange to quickly deposit->trade->withdraw with and not much else seems to happen there.
1080  Alternate cryptocurrencies / Announcements (Altcoins) / Re: A new crypto messaging platform called Lines raises $4 million in a seed round on: July 18, 2022, 01:28:09 PM
That sounds like a big budget for something like that though - I don't think it'd cost that much to actually produce a decentralised social media platform (even one for video sharing).

I think there also is and has been a lot of such applications and a lot of competition (but nothings arisen as a frontrunner/popular choice yet - I'm assuming this could be due to compatibility problems).
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