Bitcoin Forum
July 03, 2024, 05:19:31 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 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 52 53 54 55 [56] 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 ... 481 »
1101  Bitcoin / Bitcoin Technical Support / Re: Private key missing 29 characters on: August 06, 2021, 07:41:31 AM
No of Keys need to be checked :1262600442496196964774503731383792304129

If you could check 1x1021 keys per second (10 times the bitcoin network hash rate), it would only take 1.262x1018 seconds, or 40,000,000,000 years to check the entire range, which is about 3 times the age of the universe.

GO FOR IT!!!
1102  Other / Beginners & Help / Re: Bitcoin Loan Advice on: August 05, 2021, 09:46:28 AM
My question to you all is if you’d recommend getting a $10,000, 5-8 year loan @2.05% from my parents to invest primarily in Bitcoin. I’d like to become a wholecoiner before the price explodes
Taking out a  large loan for a risky investment is a bad idea
1103  Bitcoin / Legal / Re: Will the IRS deem Bitcoin a currency if more companies accept it? on: August 05, 2021, 09:24:56 AM
Tesla has accepted Bitcoin, and we note that some banks are talking that more customers want Bitcoin, so if many companies accept Bitcoin, will every purchase or sale be taxed?
I do not think that companies will be imposing such taxes on them, otherwise they will accept payments in cryptocurrencies, especially for small transactions.
Do you expect the IRS to adjust the way taxes are calculated if we see more predictions or classification of Bitcoin as a currency rather than a commodity?

In the U.S., there are laws that determine if something is a currency or not. In short, in order to be a "currency", it must be a legal tender and be commonly used as a medium of exchange. Bitcoin is about to become a legal tender in El Salvador, and assuming that it is actually used there that means that legally it will be a foreign currency in the U.S. and it will no longer be a virtual currency.
1104  Economy / Economics / Re: The volatility in the price of a bitcoin is falling over time on: August 05, 2021, 05:59:34 AM
Updated 2021-8-4
1105  Other / Off-topic / Re: Decentralised Courier on: August 04, 2021, 04:25:29 AM
Those logistics companies are all UK-based, whereas I'm talking about one that is decentralised and purely digital.

You stated a problem:

I live in London, I can order a product that's 10 miles from where I live and it still takes at least a day for it to arrive at my doorstep, when I could just pay somebody to drive over there, pick it up and bring it to me in under an hour.

I provided a decentralized solution:


Wink
1106  Other / Off-topic / Re: Decentralised Courier on: August 02, 2021, 07:37:18 PM
https://trustheritagelogistics.co.uk/courier-companies-london/
1107  Bitcoin / Bitcoin Discussion / Re: Proof of work on: August 02, 2021, 06:49:50 PM
One of the arguments against proof of stake is that those with the most stake maintain power over the system (much like our current financial system) and therefore is not "truly" decentralised.

I don't think that is a valid statement.

There are degrees of decentralization. It is not just true or false, so there is no such thing as "truly decentralized".

Power will never be equal across all participants in any system, decentralized or not. And while power distribution is a factor, it is not the only factor.

1108  Bitcoin / Bitcoin Discussion / Re: Paper receipt taken by police... on: August 02, 2021, 06:44:20 AM
I don't know what else you can do, but I would definitely not let them know the nature of the receipt. Here are some possible outcomes. Most are bad for you.

1. They give you back the receipt and you have your BTC back.
2. They give you back your receipt, but somebody has stolen the BTC.
3. They claim the BTC might be related to a crime and they confiscate it, and you must sue them to get it back.

BTW, a person should think twice about walking around with $150,000 in their wallet.
1109  Other / Beginners & Help / Re: Can someone explain the different address->keys to me? on: July 31, 2021, 08:10:54 PM
At any rate, a key is a 32 byte number.

A Bitcoin private key is a number between 1 and FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFEBAAEDCE6AF48A03BBFD25E8CD0364140.

Quote
Endianness is a description of the encoding of a number into data, or vice versa. Once a number stops being a number and becomes data, then it is important to agree on how the number is encoded.
It would be confusing to have software that imported keys as little endian, instead of the standard big endian.
Storing or hashing as big or little endian would depend on the software used, although it would be ridiculous to not use the standard - especially as it has to interact with users, miners and node formats.

Yes, but on a hypothetical 512-bit little-endian processor, it might be better to represent the key in a 64-byte little-endian format, and convert to a 32-byte big-endian format only when needed.
1110  Economy / Economics / Re: The Role of Government in Crypto on: July 31, 2021, 08:04:27 PM
the primary role of government is to provide a regulatory framework in an economy, Government sole responsibility is to provide a guideline on how thing are to be done within their jurisdictions.

I strongly disagree with these statements.
1111  Bitcoin / Development & Technical Discussion / Re: How to give btc users no transaction fees. on: July 31, 2021, 07:50:44 PM
...when BTC price is high in USD value, users tend to pay more than they should ... if BTC price was low, they wouldn't be paying as much as they should. It would make sense then to have some form of regulation of transaction fees rather than just what the market is willing to pay.

What do you mean by users pay more or less than they should? How do you determine what users should pay? Currently, the market determines what users should pay.

Since the block rewards are decreasing, miners must get their income from higher transaction fees.

There is nothing in Bitcoin that requires miners to receive higher fees in order to cover the decreasing subsidy. The effect of a smaller block reward is lower security, so you must show that security is too low before claiming that fees are too low.

In fact, it could make bitcoin be unusable for someone that just wants to use bitcoin to transfer small amounts of money. That has already happened to some degree but it's likely to get much worse unless something is done to alleviate the issue.

It has become apparent to most people now that Bitcoin cannot be used for everything that everyone wants to use it for. If it cannot be used for transferring small amounts (and this is debatable), then that is just the way it is.
1112  Other / Beginners & Help / Re: Can someone explain the different address->keys to me? on: July 31, 2021, 07:05:05 PM
Having leading zeros is a particular case where the definition above may fail..
but I'd argue you still need to know the encoding mechanism. A 16-byte "1" would not result in the same hashes, I think. Also, since  1 can be defined by 63 leading vs trailing zeros in hex, although since key endianness is defined in a particular way in core, I would be the wrong one here. Or 31 zeros in bytes, although a human would not import in bytes..  In bits, it wouldn't matter other than endianness.

Endianness is a description of the encoding of a number into data, or vice versa. Once a number stops being a number and becomes data, then it is important to agree on how the number is encoded.
1113  Bitcoin / Development & Technical Discussion / Re: A strange idea of labeling bitcoins on: July 28, 2021, 09:50:11 PM
Has anyone suggested the idea of labeling bitcoins mined on the equipment of a particular manufacturer so that the manufacturer can offer separate incentives, bonuses for the owners of bitcoins mined on their equipment?

A bitcoin is not an object, virtual or otherwise. There is nothing to label. Labeling bitcoins would be like labeling each drop of water in swimming pool.

Regardless, what is the incentive for ASIC manufacturers pay people who own bitcoins originally mined on their hardware, even if it were possible?
1114  Other / Serious discussion / Re: Will vaccine passports lead to the demise of vaccines? on: July 28, 2021, 09:27:39 PM
I don't know where you get your information from but you are clearly misinformed.

It  wasn't drugs that increased life expectancy, but better nutrition and sanitation.

Vaccines, as well as nutrition and sanitation, have a major impact on life expectancy.

For example,

With regard to past evidence, several data from the United Kingdom and Scandinavian countries show that the widespread use of smallpox vaccination starting at the beginning of the nineteenth century resulted in a marked and sustained decline not only of smallpox-related deaths, but also of the overall crude death rate, and contributed greatly to an unprecedented growth of European population. As to the present, it is estimated that 3 million children are saved annually by vaccination, but 2 million still die because they are not immunized. Tetanus, measles and pertussis are the main vaccine-preventable killers in the first years of life. Data from Bangladesh show that full implementation of EPI vaccines has the potential of reducing mortality by almost one half in children aged 1-4 years.

It is against the nature and interests of viruses to cause death. ..., and they are too smart to want that.

Viruses aren't "smart". They make no decisions. They have no wants.

I'm not a hermit, and because of my lifestyle, I'm exposed to a wide range of infections in a diverse selection of communities. I believe that this has allowed me to build a robust immune system, and that I am beneficial to society, as I am killing and destroying many of the pathogens that the vaccinate pharma slavers fall prey to.

Sorry, but exposure to a pathogen does not create a general immunity to all pathogens. Instead, it causes your immune system to build a defense against that specific pathogen. Exposure to some pathogens will lead to death before your immune system can build its defense. For those pathogens, there are vaccines that expose you to the pathogen without risking illness.

Furthermore, your immunity does not make you a super hero. It gives you the ability to kill pathogens that you are exposed to but it does nothing to pathogens that other people are exposed to.

1115  Other / Off-topic / Re: The most profitable ways to earn cryptocurrency? on: July 28, 2021, 05:51:03 AM
The easiest and most convenient way to obtain coins is to buy them.
1116  Other / Serious discussion / Re: Will vaccine passports lead to the demise of vaccines? on: July 27, 2021, 07:41:02 PM
As I have said in many posts, it isn't covid that puts people into ICUs, but their crappy health that falls over when it is exposed to a minor virus.

It's not a "minor virus" if it has caused millions of deaths and permanent disabilities, regardless of the circumstances.
1117  Other / Beginners & Help / Re: Bitcoin separate block chains. Investopedia.com on: July 26, 2021, 07:43:15 PM
The hard fork between Bitcoin and Bitcoin cash was done in part to increase the processing limit from 1 megabyte to 8 megabytes

Between BTC and BCH? No, the hard fork only happen on Bitcoin Cash.

A minor semantic note:

It is entirely accurate to say that there was a fork between Bitcoin and Bitcoin Cash. A hard fork is a split in the chain at a particular point as the result of an incompatible change. It is not the change itself. In this case, one side of the fork is Bitcoin and the other side is Bitcoin Cash. The incompatible change was made by Bitcoin Cash, but it was still a fork between Bitcoin and Bitcoin Cash, regardless.
1118  Other / Beginners & Help / Re: Elliptic Curve Cryptography Basics - How It Works on: July 26, 2021, 07:04:58 PM
...
The inverse of this equation is called discrete logarithm, which is log cb mod m = e
...

A minor typo in the notation. No need for a reply. It should be:

Quote
...
The inverse of this equation is called discrete logarithm, which is logb c mod m = e
...
1119  Economy / Economics / Re: Take a look at the future of Bitcoin from the gold standard system on: July 26, 2021, 01:58:55 AM
I believe that there are two reasons why the gold standard failed:

1. The primary reason for the failure of the gold standard is that governments discovered that they could spend as much money as they wanted by switching to fiat. They were no longer limited by the amount of money they had.

2. Gold has limited portability and divisibility.

Bitcoin only fixes #2, so I don't believe that governments will voluntarily switch to a Bitcoin standard. It will take a failure of their currency and a potential reliance on another country's currency to get them to switch.
1120  Bitcoin / Development & Technical Discussion / Re: Generation of priv/pub in given range.. on: July 25, 2021, 08:32:33 AM
i had said  at the start i need the pub/priv key and wanted to look at correlations  with in that range... in hex ... lol..  dont know else i should  say it   Smiley
Also its not even close to the  entire key space ,   if its easier to   do it by even integers  then okay ... just would like to be able to generate something to base things on ...  

It appears that you are asking someone to find 2225 key pairs. Not only will it take longer than the age of the universe to generate those pairs, but storing that information in 200 gb files is not possible as 2225 is more than the number of atoms on the entire planet.

You prefix the numbers with in the range with 0x04, which indicates an uncompressed public key, but it looks like you are asking for a range of compressed public keys.

Actually, it is not even clear if the range applies to the public keys or the private keys. Either way, it doesn't matter because you are asking for 2225 key pairs.
Pages: « 1 ... 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 52 53 54 55 [56] 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 ... 481 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!