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11941  Other / Beginners & Help / Re: Newbies - Read before using exchanges or investing on: August 26, 2019, 03:38:58 AM
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[1] Don't store your coins on exchanges for too long. It is the most stupid mistake

i just want to add something to this point. part of the risk is not a matter of length of time, it is the matter of storing coins on exchanges. in other words when you are depositing your coins on an exchange even for a single second, as soon as that deposit is confirmed you are at risk of losing your money. the exchange can scam you that very instant.
which is why if you want to start trading, you should also consider this risk among other risks involving trading.
11942  Bitcoin / Electrum / Re: Never use ELECTRUM WALLET! on: August 26, 2019, 03:25:59 AM
To be honest, I have never checked signatures until today. Already downloaded Kleopatra (a couple of times) and started the process (with the help of a how-to tutorial) but always gave up halfway.
I am sure, I have failed every time because is just not easy to set up PGP and I wasn't needed it very badly, for example, to secure all my BTC holdings. In such circumstances, I would do it for sure, no matter how time-consuming and complicated it could be.

well it is a matter of how you value your own security. sometimes we have to endure the complicated process to reach the high security we need. it doesn't come cheap.
with that said i am a windows user and have only verified signature on windows once. i didn't like Kleopatra either. but i did a workaround, i used Ubuntu. download verify Ubuntu signature and now i have that for easy verification each time i download a new software.

This is not the first time we have problems with malicious links to wallets on the web and here on Bitcointalk.
it is probably the biggest attempt but certainly not the first. there has been a lot more in the past, i myself have reported at least 10 or 12 malicious repositories on github trying to fool people into thinking they are downloading the "real" electrum from the "real repository"!

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Still, I haven't heard about signatures check using PGP, until a couple of months ago, ...
I think, the best way to handle this is an informational campaign...
from 2016: https://bitcointalk.org/index.php?topic=1588906.0
a good idea to inform others as much as we can, but still the information is already out there, users must look for it themselves.

11943  Bitcoin / Bitcoin Discussion / Re: Short Story: Bitcoin Apocalypse on: August 26, 2019, 03:14:53 AM
1. Hashrate drop to 0 is not going to kill Bitcoin. The network just goes to sleep.
2. Bitcoin doesn’t have to be completely decentralized.

1. when nobody uses bitcoin in your scenario, no more transactions are made, the blockchain doesn't grow anymore,... that means it is dead. that is basically how we define a dead coin!
and there is no coming back from it. in your scenario, the world is not limited to a single village that people can gather around and come to an agreement. what if for example Japan came back and started mining months before other countries. people in for example US are not going to accept that chain,.... then we will have at least a dozen different chains.

2. then you define another reason for calling that hypothetical bitcoin "dead" because without being completely decentralized bitcoin is as good as dead.
11944  Bitcoin / Development & Technical Discussion / Re: Vanitygen Split key generation ? on: August 26, 2019, 02:54:33 AM
I have very awesome vanity address

if you already have created the address then it is too late to ask about "generation" of it. and there is no way the buyer could be sure you won't keep the private key that you already have.

this page has some small explanation but has additional links with more information in it which you could read about split-key method: https://en.bitcoin.it/wiki/Split-key_vanity_address
11945  Bitcoin / Bitcoin Discussion / Re: The collapse of the system on: August 26, 2019, 02:48:18 AM
the "cryptocurrency" market aka altcoins will most probably collapse hard and we may see disappearance of at least 90% of them simply because they are all gambles with ridiculously high risks and during a financial crisis nobody goes near anything that risky with their money specially when that thing is mainly manipulated and is getting pumped and dumped.

but bitcoin could be a candidate to see a significant rise. because we have seen so far that it has always moved on its own mostly disregarding the rest of the world (and markets) with whatever is happening in them. that makes it a separate thing that could be the option for investors who would be looking for a way to save the value of their money while their fiat tanks.
11946  Bitcoin / Bitcoin Discussion / Re: Bitcoins Worth $1 Million Seized by Court to Compensate Cyber Attack Victims on: August 26, 2019, 02:35:07 AM
In the first-ever case of its kind,

it is in no way the "first" case where the government seizes bitcoins from someone specially if that someone is a criminal. there has been lots of cases before this, Silk Road for the most popular and old example where FBI seized somewhere around $100 million in total if not more from those involved in it.
11947  Economy / Speculation / Re: John McAfee Says Bitcoin Waking Up Again on: August 25, 2019, 04:34:04 AM
I think i've seen that prediction somewhere here. Undecided Who was it that predicted 1M in X year that will gonna eat his own dick in public television. I don't know if this was their plan for making such funny prediction just to gain popularity of their name that will be the headlines in any newspaper. For people who do have witnessed the hardship of how Bitcoin struggling for the price that keeps dropping overtime after the bull run.

McAfee said it to be heard all over the news first so that he could find followers which then he used to advertise shitcoins and scam ICOs that paid him a lot of money. so ultimately that statement was made to make him money!
he mainly abused the desperation in some people for wanting to see a ton of profit in unreasonably short time.
11948  Bitcoin / Electrum / Re: Never use ELECTRUM WALLET! on: August 25, 2019, 03:59:47 AM
~
I think this one is the biggest threat from all fake URL's I have seen so far and people should be aware of these.

actually this does not concern wallets at all because technically you should not even care where you download the binaries from because even if you download them from the official website it still is not safe until you cryptographically verify its digital signature.
the only thing that you should ever worry about is acquiring the real public key of the developer. then you could even receive the binaries in your Email from someone and check the signature with that public key. as long as PGP is not broken (which it is not) there is no way to fake this.

those people who got scammed (mentioned in the comment you quoted) got scammed because they never bothered with signature verification ever.
11949  Bitcoin / Bitcoin Discussion / Re: OpenNode requires KYC now! on: August 25, 2019, 03:51:49 AM
Payment processors are not getting any better for both the merchants and users, not sure why would anyone use them at this point.

payment processors should be used for when the merchants want to deal with fiat not bitcoin directly so that they could mitigate the volatility. that is why they are still using them to this day. otherwise if they are going to just get paid in bitcoin and receive bitcoin, they shouldn't have used a payment processor in first place!
and since when fiat is involved KYC is expected and there shouldn't be any complains about it in my opinion.
11950  Bitcoin / Bitcoin Discussion / Re: Happy 2nd Anniversary, SEGWIT! on: August 25, 2019, 03:35:16 AM
Till date am yet to understand the importance of Segwit to the blockchain. I think it is more of a hype than function and use. It is more noise than facts. Even the Segwit to Segwit transfers do not process that fast.

Segwit transactions are still on-chain Bitcoin transactions -- beyond the moderate fee savings, they are no different than standard transactions in terms of speed. The point was never to speed up on-chain transactions, which are always subject to the fee market and Bitcoin's 10-minute target block time. It was more about enabling/supporting future features -- Lightning, Schnorr signatures, sidechains, MAST smart contracts -- by adding script versioning and solving transaction malleability for Segwit transactions.

"transaction speed" is two things:
* the propagation speed which is the time it takes for a tx to reach nearly all the nodes. and it only takes a couple of seconds. it is equivalent of the bank sending a money transfer to another account in another bank for example which can take a day or two.
* the confirmation time which is the time it takes for a tx to be include in a block and it is limited by the time between the blocks. and that is equivalent of your bank transfer becoming final and irreversible and that could take months.
neither of these have anything to do with SegWit though.
these are benefits of SegWit: https://bitcoincore.org/en/2016/01/26/segwit-benefits/

and by the way it did not enable any of the things you listed. it is supposed to make them easier otherwise all of them (LN, Schnorr,...) can happen without SegWit but harder because there are complications such as malleability. for instance Bcash has already enabled Schnorr although it has also implemented most of SegWit but it is technically without SegWit Wink
11951  Bitcoin / Bitcoin Discussion / Re: Bitcoin Eats the World, or Not on: August 25, 2019, 03:18:06 AM
i actually have never seen this "vision" be had by anybody who understands what bitcoin is. usually people who get too caught up in the profit making process and think bitcoin is something magical also end up thinking that it is also replacing everything including fiat, banks, and a lot of other things that concern blockchain!
the reality is that bitcoin is an additional option (a currency) that people have been having ever since 2009 for whenever they want financial freedom and want to cut the hands of the middle men from their pockets. it is not supposed to replace anything. it is suppose to exist to give people that option that never existed before.
11952  Bitcoin / Bitcoin Discussion / Re: Banks are offering Negative interest rates! will this help BTC on: August 25, 2019, 03:09:31 AM
i think mention of "loans" in that article was misleading because the negative rates has nothing to do with the loans you take from the banks, the way i understand it. these rates are the rates that banks pay as "profit" or interest on the money people keep with them and negative that means your balance shrinks over time.
so the effects of this on bitcoin is what @Kakmakr said above, people would start pulling out their balance from banks and look for investments. one of these investment options among many is going to be bitcoin.
11953  Economy / Speculation / Re: Who Else is Expecting the Ultimate Rise of Bitcoin? on: August 24, 2019, 04:23:26 AM
Most of the predictions coming from known people that  bitcoin will rise ultimately by 2020 , and may hit 200,000$  after the bitcoin halving next year. It is so imposible for bitcoin to go up that high in a short period of time, but im expecting  a rally before the year ends.
Most likely there's a lots of speculations that rounding around the market talking about the rise and how things will go further when the halving comes, it's still the users and investors will make things possible whether it will pull the trigger on and lift this market back to the bull and bring the value to rise high and make a new record as how investors wanted it to happen.

the thing about halving is that when it happens, the rate at which new coins enter circulation reduces by 50% so in a way it is cutting the new supply by half. and since the "new demand" is increasing, that reduction disturbs the balance that existed before hence leading to a price rise to reach another balance between the two factors.
everything else like the rise prior to halving is pure hype and will be small. the real rise is always coming after the halving.
11954  Bitcoin / Bitcoin Discussion / Re: Anonymity with your Bitcoin Transactions on: August 24, 2019, 04:13:06 AM
If binance is anonymous they should allow TOR browser to trade.

that wouldn't change a thing. as long as your money is hostage in the pocket of a centralized exchange, they can at any moment decide to force you to reveal your true identity even if your trading volume was less than 0.001BTC. so even if they allowed TOR, ... they could still force their users to comply with KYC and submit their documents.
11955  Bitcoin / Wallet software / Re: Use cryptocurrency wallet now in Browser w/out any Extensions! on: August 24, 2019, 03:35:58 AM
you can't say it is without any extensions when the extension is already pre-installed in this "special" browser you download. besides it doesn't seem like the best idea to trust your browser with your private keys (as a wallet) when it is relying on JavaScript and could face a lot of problems and backdoors.

by the way, weren't they asking for KYC when you used cryptocurrencies in their network?
11956  Bitcoin / Bitcoin Discussion / Re: Here is why you shouldn't trade bitcoin based on the CNBC Bitcoin News on: August 24, 2019, 03:16:48 AM
news agencies are always reporting what people want to hear not what the reality is. specially when it comes to speculation they go with the flow. for example when price is rising they talk about how it is going higher and vice versa when it is dropping.
in a way you could say that their reports may look like predicting the future but in fact it is only reporting the history. so when they say "you should sell bitcoin, it will drop lower" they are really saying "bitcoin has already dropped, and you should have sold already".
11957  Bitcoin / Project Development / Re: Bitcoin crypto exchangers idea on: August 24, 2019, 02:55:11 AM
one of the reasons why "arbitrage" is possible between exchanges is because there is no easy way of transferring funds between them. if that problem were to be solved then there would have not been any price difference to let anybody do arbitrage trading.

There still would be a price difference, just not the hundred dollar margin difference between exchanges we sometimes see. I think it's inevitable for the price differences of exchanges to go lower as time goes as more traders enter the market, and more technologies help solve the problem of transferring funds between wallets and exchanges and between exchanges in general, and also as new technologies arise(like Liquid).

what about exchanges themselves abusing such a system?
a malicious exchange could easily manipulate its own market to get a better price and then having better access they could use the "link" between their exchange and the other one to make a good amount of profit per day.
11958  Bitcoin / Development & Technical Discussion / Re: Solving the problem of on-chain scaling on: August 24, 2019, 02:46:54 AM
as for pooya87's comment about CPU... (mega facepalm) sorry dude but you might want to check the stats.
a 10yo CPU can handle over 1million hashes PER SECOND. so a block of ~2500 tx is childs play.
as for the ECDSA part..a block of 2500tx could validate quickly.. this faceppalm issue you raise was sorted 6+ years ago
the point was that you were comparing "streaming a video" with "ECDSA verification". and you can't make that comparison.

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lets even use LNs positive promotional material
after all channel signing in LN uses the same thing and guess what. LN advertises millions of tp/s... think about it.
on lightning network, unlike on main-net, not all the nodes are supposed to verify all the transactions! so even if a million tx/s happens, a single node may not handle (and verify) more than a hundred.
11959  Economy / Service Discussion / Re: Rakuten’s Crypto Exchange Has Launched for Trading on: August 23, 2019, 12:15:38 PM
Of course, they had to list Bcash as well. Roger has definitely done his best to market his shitcoin in the most aggressive possible way in Japan. Too bad for him that nobody really seems to care to actually use it....

no exchange has ever added any shitcoin to their platform just because some random dude advertised it. they also don't add them because they are good coins or bad coins. they only care about and look at the possibility of profit from that coin. and profit comes from how many people want to trade that shitcoin and is mainly determined with the daily volume. according to coinmarketcap.com BCash has the 7th highest 24 hour volume after ETC and before XRP.
nobody uses it though, as blocks are still empty Cheesy
11960  Bitcoin / Project Development / Re: Bitcoin crypto exchangers idea on: August 23, 2019, 11:31:26 AM
it Will keep aritrage factor instantly between all the exchangers...

one of the reasons why "arbitrage" is possible between exchanges is because there is no easy way of transferring funds between them. if that problem were to be solved then there would have not been any price difference to let anybody do arbitrage trading.
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