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11241  Bitcoin / Wallet software / Re: Helping (usually new) People Choose Their Wallet(s) on: December 09, 2019, 04:04:11 AM
My "hardware wallet" is an old laptop or an old phone. I keep seeing the prices of hardware wallets drop, but I could never get myself to buy one. The closest thing I would consider getting would be either a trezor or a ledger. The Elipal Titan also looks interesting.

that is also my views. no matter how cheap hardware wallets get, i still can't justify paying for a "wallet" for cold storage that i can create myself. i have already installed a Linux OS on a USB stick with encryption and a bunch of other tweaks which i use for storage and the only cost was the USB stick itself which isn't that high.
not to mention for cold storage, a paper wallet costs nearly nothing.
11242  Bitcoin / Development & Technical Discussion / Re: Why don't we have bitcoin smart contract? on: December 08, 2019, 03:03:51 PM
@ETF BTC but that's... the thing. I can't expect my heir to learn multisig, and the whole point was to avoid hiring an escrow =)

It's easy to create such contract without multisig

Code:
<needed time> OP_CLTV OP_DROP <pubkey> OP_CHECKSIG

With ordinary locktime, your heir must keep signed transaction and also his (recepient) privatekey. In example above he's only need to keep privatekey (if he generate redeem script by himself) or privatekey + redeem script (if it was generated by you).

But in case above you can forget about your money before needed time and even if you don't want to give away your money to your heir. So, we need to create script where you can spend your money in some cases.

pooya87's example is the closest one to such conditions. But without multisig, of course. BUT: his script is for P2PKH address (pub key hash, in P2SH we must provide pubkey), so i woud not recommend to use it. We have such conversation in our local russian topic, and one user, Balthazar, said that most of bitcoin core nodes will reject P2PKH non standard scripts, so without mining powers or at least without friends in a big mining pool you're not will be able to confirm such transaction.

let's not confuse P2SH with multi-sig, the latter is only a subcategory of a wider range of scripts called pay to script hash. also your script will lock up his funds and can ONLY be unlocked by the heir. when inheritance is involved you want to continued having control over your own money until you are alive and only give it up after you pass away. if you lock it up with this script you are giving it up NOW.

Quote
his script is for P2PKH address (pub key hash, in P2SH we must provide pubkey)
there is no "address" for uncommon scripts. addresses are only defined for the most common scripts.
additionally the script i posted was not P2PKH, it can't be since it is not OP_DUP HASH160 <> EQUALVERIFY CHECKSIG! it is a "scriptpub".
and finally there is no "must" in scripts, you can provide whatever you like. not to mention that the script included hash of pubkey not the pubkey itself. you can change the hashes with pubkeys and use it as a redeem script for a P2SH scriptpub
11243  Economy / Speculation / Re: Bull run is delayed! Halving not helping! Bear go away on: December 08, 2019, 08:11:08 AM
So bull run supposto be on but its not!
If december the bull run Will not start then january just Before taxes its hard to belive that bull run Will start.... Usually january is very bearish.
there is no "suppose to" in any market! there is only market makers and the movements that happen based on a million and one different reasons. no rule says there should be a bull run now, nor any saying there should be a bear market in January.

Quote
And halving not helping either.
The crypto bull run is delayed anyone knows when the bull run Will start the fed printed More money what More we need? 
you say "halving" which should be bitcoin related but then you say "crypto bull run" which has nothing to do with bitcoin. what you refer to as "crypto bull run" is merely the altcoin pump season which can not happen and is not happening only because most of the altcoins, specially the big ones, are still in big bubbles. so they need to be dumped a lot more than this before they can start pumping again.
11244  Economy / Service Discussion / Re: Bitcoin rank on CMC on: December 08, 2019, 07:43:59 AM
it is not so much of a "rank" that you see on coinmarketcap.com website, it is more like a "list sorting" technique based on arbitrary data. for example you can sort the list based on names and bitcoin "rank" in that sort would be above 1000. that sort is just as meaningful as sorting the list based on market capitalization. the reason is simply because there is no limit for how many coins can an altcoin have as its so called "circulating" supply. for instance about 80% of the supply of XRP is not at all circulating! but it is used in its market cap calculation. same with tether, they have been printing it non stop and with big amounts each time. that is why the result of supply*price of it is increasing hence it seems like its "rank" is rising. otherwise it still isn't growing itself. specially in the current altcoin market that people aren't trading them as much as before when they were pumping hard.
11245  Economy / Speculation / Re: Speculating with Tom Lee on: December 08, 2019, 06:38:54 AM
@Searing. Hosting an interview for a scammer would not be the correct way to raise his profile, however.

https://www.reddit.com/r/bitcoincashSV/comments/e7aiio/bitcoin_sv_interview_hosted_by_tom_lee/

creating a shitcoin by forking bitcoin is one thing and it is done by many. nobody cares about that even if they claim to be "the real bitcoin". but to also claim to be Satoshi in the most obvious scam in the history of bitcoin is another thing.
at this point whoever associates himself with BSV is either the biggest idiot on the planet or has some personal benefits in it. i'd bet it is the later for Tom Lee.
11246  Bitcoin / Bitcoin Technical Support / Re: my seed 12 missing one word, i try PY-not my field on: December 08, 2019, 06:12:45 AM
https://github.com/tnkmt/brute.bip39 , is this the proper method? how to configure and start it?
it seems like you have to modify the code each time to use it!
first edit this line: https://github.com/tnkmt/brute.bip39/blob/master/brute.py#L32 and enter your own seed (11 words)
then change this line https://github.com/tnkmt/brute.bip39/blob/master/brute.py#L38 to ....range(0,12):

better use this instead: https://github.com/gurnec/btcrecover

~ from my HD Exodus wallet,~ https://bitcointalk.org/index.php?topic=922987.0 tried also, seems easy but it give me ''error''

the script in that topic only works for Electrum seeds which as far as i know are only used by Electrum, and Exodus wallet uses a different scheme (BIP39).
11247  Bitcoin / Bitcoin Discussion / Re: Dominance may be down, but a key bullish sign for BTC! on: December 08, 2019, 04:44:55 AM
there is no such thing as bitcoin dominance rate, there is only market  capitalization of bitcoin versus fake market capitalization of nearly 2000 shitcoins that have been creating a ton of new coins every second. it doesn't show anything about the price or the future of it either. people started looking at market cap as a factor of dominance only because a low quality website called coinmarketcap.com used this term and in 2017 the shitcoin pumpers used this to fool newbies into buying their shitcoin. otherwise it has always been a meaningless percentage.
11248  Economy / Speculation / Re: Bitcoin Price Prediction 2019,2020,2024 on: December 08, 2019, 04:00:31 AM
Date   Trend-Line Prediction   Technical Indicator Prediction
September 30 2019   $8000-$8600
December 31 2019   $10,600   $8780
December 31 2020   $21,000   $20,200
December 31 2024   $180,000-$380,000

i am wondering what "trend-line" prediction is predicting $10.6k for this month?
in any case i don't see any major rises in the remaining days of this year. as for next year, it must be the rally year and the start of the next bubble. so predicting $20k by the end of the year is a very low price in my opinion. as we have halving and a lot of other factors and also the fact that last bubble will have happened 3 years ago, it will be time for the next bubble. with the current accumulation the rises should already be happening in first quarter of 2020 and ATH may be reached mid year. and the next bubble's ATH simply can't take till 2024 (7 years)!
11249  Other / Off-topic / Re: Explain to me why you think you are more knowledgable about bitcoin than me on: December 08, 2019, 03:49:03 AM
most of us don't think we are either knowledgeable or experts and what we share is just our opinion based on whatever amount of experience we have. but you on the other hand, seem to be convinced that you are an expert in everything and whenever someone disagrees with your opinion you call their disagreement "vulgar". how do you even expect people to even bother continuing discussion with you when you don't even want to hear anyone opposing your views?
11250  Other / Meta / Re: Should there be notification on receiving merit? on: December 07, 2019, 05:56:14 AM
forums send notifications through email for things that requires your attention and you have to do something about them. like receiving a PM and needing to reply to it, and generally things like that. when you receive new merit there is nothing you need to do about it, so receiving an email notification is considered spam. not to mention that the forum would have to send about 1000 additional emails per day (i could only find this topic for merit/day that is old, probably LoyceV has a better updated stats).
11251  Economy / Trading Discussion / Re: what trading strategies could a trading bot implement? on: December 07, 2019, 05:27:25 AM
- What the Market Maker bot will do is negotiate the difference between supply and demand or (purchase price / sale price), better known as "spread", this bot will continuously market the market of your choice and ready the bot will do the the rest.

although i may add something like this but i wouldn't add it as a strategy, i would only add it as a part of the analyzer to only generate suggestions not execute orders. because i don't think leaving order execution to bot only based on "spread" is a good idea in a small market specially when it comes to altcoins.

as for Martingale i have to say, i would never even think about implementing something like that as i find it very harmful. in my experience running after losses like this will always end horribly...

I wouldn't leave it up to chance and employ it randomly. The optimal way to use Martingale would be as a method of scaling in and out of positions in a larger swing trading strategy. Swing traders and position traders often enter positions the same way, with weighted dollar cost averaging.

Any bot employing a trading strategy (as opposed to market making or arbitrage) needs to be tweaked regularly to trade in the direction of the trend. A friend of mine once told me that you need to be a good trader to run a profitable bot for that reason.

Despite that though, mean reversion is a strong factor in all markets. I believe it's generally true that (outside of stocks, which can easily go to $0) Martingale will work nearly 100% of the time on a long enough timeline. It's just that most people don't have enough capital to ride out the market so they need to employ a more efficient strategy than just mean reversion.

here is my view on one should trade:
lets say there is a high risk coin called Foo. because of it being high risk, i decide to buy 500 Foo. in other words i choose the number "500" because i calculated that it is the value that i can afford to lose based on my risk assessment.

but if i am using martingale and lose once, then i have to buy 1000 FOO and that means that i am no longer doing all that risk assessment and no longer investing what i can afford to lose. in other words i just bought a huge amount of a high risk coin. not to mention that if i am in some consecutive losses i may end up buying something like 8000 FOO,...

that's why i don't like it when it comes to trading. i think each trade needs its own individual assessment and decision making.
11252  Other / Beginners & Help / Re: [Discussion] Multisignature wallets M-of-N wallet on: December 07, 2019, 05:05:31 AM
i can't help but see this as a problem with "custodial wallets" not with "multi-signature wallets". and the arguments are the same too: if you aren't the only one controlling your private key you don't own bitcoin. or in this case "control all the private keys".

the solution is to stop using custodial wallets, and if you wanted to use multi-signature you still should be in control of either all the keys or majority of the keys. meaning if it is m of n keys either one of these two:
1. control n keys
2. control m keys yourself but only have x number of them in the hot wallet where x is smaller than m and have a third party control y keys where y is smaller than m

the second option is how Electrum 2FA works: you generate 2 keys and only have 1 key in your wallet while the second is backed up by your seed phrase on a piece of paper, the third party generates 1 key. your hot wallet can't spend coins without using the third party but you can always go to your backup and get 2 keys and spend all. and third party can't do anything since they only have 1 key (the scheme is 2 of 3).
11253  Bitcoin / Bitcoin Discussion / Re: Did Satoshi steal other people's ideas for Bitcoin and one reason why he left? on: December 07, 2019, 04:54:19 AM
when BMW builds a new car are they stealing the idea from the person who invented the "wheel"?

that's the same thing here. all these technologies and ideas existed. Satoshi came up with a "new idea" of using these ideas to build an innovative system that used them in a special way that nobody else were capable of putting together before that.
11254  Bitcoin / Bitcoin Discussion / Re: Reasons to be thankful than hate him on: December 07, 2019, 04:44:28 AM
they are not hating the creator (ie. Satoshi Nakamoto) they are hating the creation (ie bitcoin) and in 99% of the cases it is not a hate per se. it is instead some anger that has entirely different causes but it is directed at bitcoin. for example most haters are hating because they have lost money entering the market and not knowing what they were doing! other haters such as banks,... are scared for their own existence and future. as they say "First they ignore you, then they laugh at you, then they fight you, then you win." now we are in that laugh at/fight stage.
11255  Bitcoin / Bitcoin Discussion / Re: my story: why bitcoin has failed (and keeps failing to this day) on: December 07, 2019, 04:19:39 AM
you either haven't been around in 2013 and lying about it, or you are delusional in comparing the situation of the two cycles together!
most of what you said about 2017 were actually true about 2013 which you say otherwise!!! in other words in 2013 there was basically one exchange controlling the entire market called Mt Gox since it had all the volume. so apart from the natural adoption, they manipulated the market a lot because they were controlling it and there wasn't any other exchange that had any volume above 1% of what they had!
in 2017 we had a dozen exchanges each barely having a total of 3 to 5 percentage of the total volume. nobody can control the market with that kind of volume compared to 2013.

not to mention that even though you claim you have been around in 2013  you still seem to not know how the roller coaster of bitcoin works and expect just because you bought at the peek (probably $19k) and only saw the drop, the drop is the only thing that should happen from now on and never go back above that price anymore Smiley
11256  Economy / Trading Discussion / Re: what trading strategies could a trading bot implement? on: December 06, 2019, 01:53:52 PM
thanks for the pointers.
i don't really like leaving the "speculation" to the bot since it is not AI and it is just a bunch of scripts. so i prefer strategies that aren't based on this type of speculative market analysis (relying on MA, MACD,...) although i have to look more into these since i am not really an expert when it comes to TA.
that is why i prefer arbitrage since there is no speculation involved, only solid fool proof profit with risk. and since the risk is part of the deal, it is acceptable.

as for Martingale i have to say, i would never even think about implementing something like that as i find it very harmful. in my experience running after losses like this will always end horribly...
11257  Economy / Trading Discussion / what trading strategies could a trading bot implement? on: December 06, 2019, 06:01:14 AM
recently i have been seeing a lot of trading bot advertisement, not just on bitcointalk but elsewhere too. most of them are either crappy or scam but anyways it made me think about different strategies that a trading bot could implement.

there are two things that i am already aware of and also have implemented:
- basic trading, market watchers, stop loss and pump watchers, showing charts,...
- different arbitrage strategies.

i am also aware of some high rate and ping pong strategies which i really hate.
what else can you give me, maybe strategies you have seen in a bot you used before or strategies you think go well with a trading bot?
11258  Other / Meta / Re: sMerit Anti-Hodling Scheme on: December 06, 2019, 05:43:01 AM
Whenever I receive merit, I usually have posts in my mind to merit in return
i started doing this a while back but i kept spending the merit elsewhere and when i remembered the post i wanted to give merit to, i was already out so i gave up trying to remember Tongue

Quote
or even "holding" it for more than 24 hours. Arguably, this is also against the ethos of merit in itself (no quote soz).
it depends on how active you are on bitcointalk. sometimes you may receive more merits that you can spend and not being active means they accumulate for longer than 24 hours specially since most people don't visit bitcointlk on daily basis.
11259  Other / Beginners & Help / Re: Educational giveaway | guess first Bitcoin Block in 2020 [9.5 mBTC] on: December 06, 2019, 05:10:46 AM
610,542 using the the good old 144 * days method. Tongue
What is the good 144 * days method? Smiley

it is the lazy inaccurate way of calculating how many blocks are going to be mined in N days.
there is no guarantee to have 1 block every 10 minute, but usually the average is that. 1 day is 24 hours and 1 hour is 6x 10 minutes so we can see 6*24=144 blocks in one day.
a better way is to extrapolate the data that we have from previous weeks, at least for 5 difficulty adjustment period. i tried doing that using blockchair API but faced some problems and gave up Roll Eyes
11260  Economy / Speculation / Re: whales are accumulating Bitcoin millions from binance and bittrex as well on: December 06, 2019, 04:59:27 AM
the market is indeed in accumulation phase right now but i seriously doubt that whales are using these two altcoin exchanges for that purpose. they always use the bitcoin exchanges to accumulate bitcoin!
it is possible that Binance is getting some of the volume but definitely not Bittrex, their volume is at this point mostly fake as nobody really trusts them anymore which is why their rank dropped from being #1 a couple of years ago to above 100.
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