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12581  Bitcoin / Wallet software / Re: How do I manage my Bitcoins locally without downloading the entire blockchain? on: May 27, 2019, 03:01:45 AM
Download atomic wallet from https://atomicwallet.io to your desktop computer depending on the operating system. Then click on restore ended your 12 words backup seed and get your Bitcoin wallet with Bitcoin on your computer. If you only have private key, then convert it to 12  words backup seed and then do the restore.

unless you can show me the source code of this wallet, i would advise everyone to stay away from this because it is closed source! their repository only contains a github.io code (github pages) and a bunch of stuff they forked! https://github.com/Atomicwallet?utf8=%E2%9C%93&q=&type=source&language=
there is no source code for the wallet itself and the only thing their website provides is the compiled binaries which you have no way of knowing what they do.
12582  Bitcoin / Bitcoin Discussion / Re: How much bitcoin is "a fair share"? on: May 27, 2019, 02:45:44 AM
calling it "a fair share" may create a wrong idea in people's head that bitcoin is supposed to be distributed evenly among people like a charity! but that is not what bitcoin was meant to be like.

but your point about scarcity of bitcoin is valid. in fact the main reason why price is going to continue to rise until mass adoption is exactly this. of course mass adoption is not going to be anywhere close to 100% of people in the world using bitcoin but only a large percentage.
12583  Economy / Speculation / Re: 2020's gonna be lit!! on: May 27, 2019, 02:33:38 AM
* Halving is on its way 2020
* and I'm hoping Facebook's "GlobalCoin" comes after that- (this is going to introduce about a Billion people to Bitcoin and crypto)
* Craig Wright's sh*t has been gotten over haha
lastly, another possible China FUD Smiley lol

* halving effect will be small compared to bitcoin rise that is going to come. in fact i am starting to think that halving hype (meaning the hype in 3 months before and 1-2 months after the halving) is slowing down that big rise because we see a bubble that bursts and puts market in a short bear market. it has happened the last two times before the big launch too.
* facebook's centralized token has nothing to do with bitcoin and i don't think it introduces anyone to "bitcoin"
* haha, you wish. people like CW will continue to scam unless they are stopped
* China FUD is old news...
12584  Bitcoin / Development & Technical Discussion / Re: There are 2^256 private keys out there: how big is that number? on: May 26, 2019, 04:12:05 PM
Wow this is a serious project.
Basically thousands of distributed servers generating and checking 26 Trillions (!!!) of private keys on a daily basis.
Over the first three years, they managed to find 7 private keys. That’s a lot! I imagined the odds were much lower., but probably there is some kind of bug in some wallet utilising a suboptimal random number generator to create keys. (Further research needed here!)
that is technically incorrect.
they are not exactly finding private keys with balance, they are solving a puzzle. a long time ago (2015) in order to show the hugeness of the private key space (or maybe just for fun) someone created a "puzzle" where he chose keys in a certain smaller space and sent increasing amounts to each of those keys like this:
20<key<21 send 0.001BTC=$0.2 at the time
21<key<22 send 0.002BTC=$0.4 at the time
22<key<23 send 0.003BTC=$0.6 at the time
and so on.
now, people to this day are still trying to solve that puzzle. so technically if you have a private key (which is impossible by the way) that is in one of those ranges they won't find that because they are only looking to solve that puzzle.

p.s. a bit nitpick-y but there are 0xFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFEBAAEDCE6AF48A03BBFD25E8CD0364140 private keys which is a little smaller than 2256 Tongue
12585  Other / Beginners & Help / Re: Disclosure: Key generation vulnerability found on WalletGenerator.net—potentiall on: May 26, 2019, 03:12:42 AM
You can suggest them to create their own paper wallet using other means, manual or by other offline tools. It's not too "techie".

Creating an airgapped offline device itself could be very complicated for most people. You need to understand that not everyone knows how to work with basic computer stuff; and this is one of the reasons why a lot of people still like holding their funds on Coinbase and other similar platforms.

well security doesn't come cheap. it requires lots of effort. so the question is whether the user values his security (which can be based on how much bitcoin he owns) enough to spend time learning how to do it. i believe the reason why most people do crazy things like holding their coins on Coinbase is that they don't value their security that much.

How do I know if I type my info into a program it is safe?
you find the source code of whatever open source application you use, in this case Brave browser and you go through it to see what it really does. then you can also clone the code and build it yourself instead of running the binaries they provide. https://github.com/brave/brave-browser
12586  Bitcoin / Bitcoin Discussion / Re: "Is it true that Craig Wright is the real Satoshi as he claims?" on: May 26, 2019, 02:52:49 AM
haha, it is so funny how this person is using this "opportunity" to gain some popularity. basically he saw how CSW was scamming people and how the topic is a hot one for discussion so he jumped on board. he starts by stating the obvious and makes good arguments about how CSW is a scammer and lying to everyone, then he uses the same lies to make the same claims himself...
12587  Bitcoin / Bitcoin Discussion / Re: Old Hacker news discussion about Bitcoin on: May 26, 2019, 02:42:50 AM
Well, hearing out the idea would make you skeptic and negative about it and that's a pretty normal reaction for someone who haven't looked at the potential.

not necessarily this case but generally speaking skepticism is not the same as negativity. you have to be skeptic about new things you see, specially when you see something like that which may have looked like money out of thin air on the internet at first look. but automatically being negative is to be extreme and that is only the case with naive people who jump to conclusion without research. and in some cases with those who want to spread FUD.
12588  Bitcoin / Bitcoin Discussion / Re: What's your thoughts on the recent Localbitcoins.com ban of its Iran-based users on: May 25, 2019, 04:09:14 AM
that is why centralization could never work in bitcoin (decentralized) world. things look P2P on localbitcoins but they are centralized which is why "bans" like this can happen. unfortunately that has been a problem in bitcoin ecosystem for ages and although mitigation exists with decentralized exchanges, they are not that popular.

i didn't know Localbitcoins had such a high volume though! alternatives exist and there are cases which offer much better rates, i personally never find Localbitcoins rates any good which is why i have never used it before. i prefer true P2P trades when it comes to exchanging bitcoin with fiat.
12589  Economy / Speculation / Re: Bitcoin is very likely going to break $9000 in the next few days. on: May 25, 2019, 03:52:23 AM
a very interesting analysis for sure, and the current momentum in the market has been very bullish making it possible and even easy to have breakouts that big but i think $9k+ is not going to happen that easily. it is true that the rise you described is going to trigger a lot of buy orders and logs but also going above $8500 will trigger a lot of short term sells from day traders cashing their profit out and $9k is another barrier that will act against the rise.
12590  Other / Beginners & Help / Re: Disclosure: Key generation vulnerability found on WalletGenerator.net—potentiall on: May 25, 2019, 03:21:34 AM
yet another reason why you should never use a closed source wallet/tool (in this case the website) to generate a wallet, private key or seeds. instead you should always stick to open source tools (in this case the code on GitHub instead) and run it offline.
12591  Bitcoin / Project Development / Re: Thoughts on a crypto orientated seed business? on: May 25, 2019, 03:17:00 AM
if you restrict your payment to cryptocurrency only then you restrict your customers because not that many people even know about cryptocurrencies and those who do know are using them as investment not currency specially altcoins!
what you said about giving discounts for crypto-payments is a better idea as long as you keep the fiat as the normal way of payment.
also be careful with altcoin payments, they are not as safe as they look. and many things such as double spending is easier using many of them.

Btw, why not use third-party payment processor? Should've solved a lot of issues such as conversion rates and so on.
there is no point in accepting cryptocurrency if you are going to use a third party processor and/or receive fiat from them.
12592  Other / Off-topic / Re: Teslas to incorporate Blockchain???? on: May 25, 2019, 03:04:47 AM
WOAH. What if Teslas were nodes and each car were to talk to each other and record everything on a public blockchain?

the question should not be "what if" because it is possible and even in most cases it will be easy to implement blockchain technology for almost anything but having the capability doesn't mean you should. so the real question should be "WHY" or in other words what would be the benefit of it and what would be improve?
in this case i don't see any reason to keep that kind of data on a public blockchain. not to mention immutable while i may not even use my car as long as my data persists on that blockchain!
12593  Bitcoin / Bitcoin Discussion / Re: 61-year Old Chinese Grandma Convicted For Stealing Electricity To Mine Bitcoin on: May 25, 2019, 02:48:51 AM
ignore the age and the "grandma" part and you can see how this is a very normal news not worth reading. someone was doing something illegal and got caught doing it. now they are paying the price of their wrongdoing with a fine and jail time. this is happening every day with people with all ages and backgrounds doing all kinds of illegal stuff and getting caught doing them, so it is not really something newsworthy!
12594  Bitcoin / Bitcoin Discussion / Re: India on Bitcoin: Will the Newly Elected Indian Government Pass Crypto-Friendly on: May 25, 2019, 02:34:45 AM
so far with all the restrictions they have been putting in place for Indian to buy bitcoin, they have never slowed down buying bitcoin. this may become a factor in decision making in the future in my opinion, they know their restrictions aren't going to do them any good so maybe a total ban can never happen in India.

Why should crypto currencies in India be banned? ~
in the small number of countries that have actually banned bitcoin (like Bangladesh) it was done because of the fear that government had for losing their control and not being able to continue their corrupted ways if people were to switch to bitcoin more some day so they banned it now to prevent that from happening.
12595  Bitcoin / Electrum / Re: SegWit transaction speeds on: May 24, 2019, 06:14:22 AM
there is no such thing as "SegWit space" or a "separate/dedicated space" for SegWit transactions. there is only one block that has a limited 4 MB weight that can contain all types of transactions in it.

the reason why SegWit transactions are "cheaper" than legacy ones is because fees (ever since August 2017 when the Segregated Witness fork happened) are no longer calculated based on size but instead based on weight. and a SegWit tx has a lower weight compared to a legacy transaction so you pay less fee.
12596  Economy / Speculation / Re: Btc fork crack smokers on: May 24, 2019, 05:59:33 AM
I can't believe I'm reading some of the posts from the bch and bsv horde who actually think that the real bitcoin will die and one of these shitcoins will end up being the world currency. How can these people have become that delusional?
they are not delusional, you are naive for not reading between the lines. what they do (and what others like ETH, XRP, DASH and a couple of dozen others did) is to advertise their shitcoin and get it pumped for a while so that they can dump and get their profit out.... rinse and repeat after a while.

Quote
without segregated witness and ln bitcoin itself has no chance gaining mass adoption, how the fuck can they think that increased block sizes could?  Huh
their lack of success is not about lack of SegWit or LN (LN can be implemented on top of BCH too). they reason why they have failed is that they are poor copy coins with no advantage and heavy centralization.
12597  Bitcoin / Bitcoin Discussion / Re: Craig Steven Wright nominated for an Ig Nobel Prize in Economics on: May 24, 2019, 05:52:38 AM
You know you have serious mental problems when you start believing your own lies.  Roll Eyes

Craig Wright has pushed people's buttons for many years now and I think he pushed it too far now with the Copyright claim on the Bitcoin whitepaper. You do not need a big set of balls to lie about things like this, you only need to be stupid.

Any false copyright claims will result in some jail time and that is exactly what is going to happen to him soon.  Wink

apparently it does not. i am not familiar with US laws but based on what i read, the claims like this only have a small fine if it is proven that the claim was false. so in this case the proof will never exist because real Satoshi has to come forward and also the fine is small so he doesn't care because the result of this lie was a couple of thousand dollar profit due to his shitcoin pump.
12598  Bitcoin / Electrum / Re: electrum wallet recovery with 12 words on: May 24, 2019, 03:27:10 AM
Someone else had asked whether i have any of the addresses saved. I guess i can do that now i have access. Should i do this? If so could you kindly direct me on how to do so?
This isn't strictly necessary, but knowing one of the first addresses generated from the seed, or even better knowing the Master Public Key, can sometimes help in recovering the seed if you know most of it but are missing a word or two. Proper back ups as above negate the need for this step. If you want to do it anyway, open your wallet in Electrum, go to Wallet -> Information, and save the Master Public Key to a file on your computer or write it down, the choice is yours. The Master Public Key allows you to generate all the public addresses for your wallet - if someone else gained access to it they could see every address in your wallet, but they wouldn't be able to access your coins.

the problem with seeds is that there are many different clients and many of them are different from one another usually in the BIP32 path they use. so even if you have your seed you may not be able to recover your keys due to this difference. having one address can give you a result to compare with inside a loop and find the correct path specially when you don't remember the client you used to create the seed.
(that is why i asked him if he had his address in his topic which he was saying he had sync problem not showing his balance)
12599  Bitcoin / Bitcoin Discussion / Re: Bitcoin Core 0.18.0 Released on: May 24, 2019, 03:13:49 AM
Use SHA-2 and PGP to check the authenticity of Bitcoin releases, that method comes with at least some guarantees (using the fingerprint to id the PGP key is possibly not reliable any more though, there should be a t-shirt with the Wladimir van der Laan PGP public key + expiry date printed all over it IMO, or at least till PGP updates their standard for fingerprinting public keys)

there is no need for an upgrade to PGP standard as long as SHA-1 hashes that are used for PGP fingerprints is strong (2^160) against second preimage attacks (not to be confused with collision which SHA-1 is no longer strong against). so as long as the long form of the hashes (the whole 20 bytes) is used, everything is safe.
12600  Bitcoin / Bitcoin Discussion / Re: Only 1.6% (!!!) of USD Bitcoin trading volume is real. 98.4% dollar volume fake! on: May 24, 2019, 02:42:29 AM
Perhaps some of you might have seen
What do you think about this? Seems like obviously something's wrong here? Why are stablecoins even being called dollars?

there is something wrong here, and that thing is your title. you are NOT talking about bitcoin trading volume in USD, you are talking about the number that a shitty website called coinmarketcap.com reports and that number is not fake, it is just not what you are looking for.
it is like if you looked at the date and time of this post and think it is the bitcoin price!!!
the number that website reports is the sum of a bunch of irrelevant markets which includes both bitcoin/USD pairs, bitcoin/Tether pairs, bitcoin/other stable coins, and even bitcoin/some altcoins like LTC pairs!
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