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12721  Bitcoin / Electrum / Re: Some questions related to Electrum hacks on: May 07, 2019, 03:02:58 AM
3. Anyone thought about creating an official Telegram channel? I see on the website that they got twitter but twitter is turning into a huge pile of crap while Telegram is becoming more popular each day. It would be nice to get notifications about any changes there.

the thing about security is that YOU should be responsible for it instead of relying on others to notify you. a Telegram channel is worst thing because it can easily be abused to spread malicious links.

if you are so worried then do these two things:
1. use cold storage properly (air-gaped computer, verify signatures,...)
2. watch the project's github repository (bookmark it and visit regularly and look at change log and issue list)
12722  Bitcoin / Bitcoin Discussion / Re: Facebook who planned on: May 07, 2019, 02:49:39 AM
~ to develop their own electronic money project, ~
that is not electronic money, they already have electronic money anyways, what they did was to take advantage of the hype of the blockchain technology and attempt at raising millions of dollars in a blinking of an eye. otherwise what they created and others will create is a useless token.

Quote
~ charge fees for services and this is the weak point for the electronic money project of "big men" with billions of users.
WRONG. the weak point is their centralization and the corruption that has always followed that centralization and the power they gain from it.
12723  Economy / Speculation / Re: How far bitcoin will it go this time and why? on: May 06, 2019, 05:18:40 AM
there is no way to predict the next ATH as it was impossible to predict $20k to be the previous ATH even when we were heading there. and based on my experience whenever people fixate on some price ($50k for example) it means the ATH is going to be a lot higher than that.

but the price by the end of this year is more predictable although still hard. i say somewhere around $10k is reasonable because the real resistances are near there and everything else below that mark is just the temporary panic sell resistance which only helps the whale accumulators.
12724  Bitcoin / Electrum / Re: Cannot connect/sync on: May 06, 2019, 05:08:20 AM
~
How did you get this information? (electrumx.ddns.net/prot: 53211)
Looks like you entered this data incorrectly so you could not connect.

there is nothing wrong with that "information"! that is a correct server on port 53211 which you can find in your list too. it is just that this particular server is not currently responding (possibly down or DDoS'ed) which is why he can not connect to it.

i am currently connected to btc.usebsv.com:50006 and it is working try that one.
12725  Other / Beginners & Help / Re: Just because It’s on GitHub. It doesn’t mean it’s safe> on: May 06, 2019, 05:03:05 AM
Even if it *was* legitimate yesterday does not mean it's legitimate today.
There is large github hack / breach from compromised accounts.

https://motherboard.vice.com/en_us/article/vb9v33/github-bitbucket-repositories-ransomware

-Dave

FWIW this issue is because of wrong usage of git by those "developers". basically they were all storing their credentials in plaintext inside their .git/config which they should never do and also that folder which should not be accessible to anyone was easily obtained!
this is not new either. it has been an issue for years. here is a 2015 article: https://en.internetwache.org/dont-publicly-expose-git-or-how-we-downloaded-your-websites-sourcecode-an-analysis-of-alexas-1m-28-07-2015/
12726  Bitcoin / Bitcoin Discussion / Re: Bitcoin on Wallstreet: BTC-Related Companies Trading on the Stock Exchange on: May 06, 2019, 03:57:08 AM
including a list of big name companies secretly holding Blockchain related patents in preparation for the future..

this is quite bad in my opinion because it is showing that these companies are trying to centralized what was started as a decentralized technology and open to everyone. another way to look at it is that these companies are only trying to make a ton of money by using the big unreasonable hype that surrounds the blockchain technology and be only one doing it by restricting the methods they come up with to themselves.
12727  Bitcoin / Bitcoin Discussion / Re: Your thoughts on ETF and its effect in crypto space on: May 06, 2019, 03:48:59 AM
in US (with SEC) it won't happen for many years and we have not seen any reason indicating them wanting to change their mind about it. in other countries however it has already happened and we already have a handful of ETFs in place.

it doesn't do anything to bitcoin or change anything about it though! you shouldn't even care about things that aren't actual adoption of bitcoin itself. ETF is a workaround to get something else instead of bitcoin linked to bitcoin! you should only care about things that mean people buy actual bitcoin and use it.
12728  Bitcoin / Bitcoin Discussion / Re: I would like to see bitcoin accepted as bitcoin on: May 06, 2019, 03:33:48 AM
the problem with this is the volatility and the inevitable price rise over the long run for the many upcoming years. that makes people be more willing to see bitcoin as an investment rather than a currency that they use instead of fiat.
i believe that we will see bitcoin be widely used as a currency but only when its price has grown very high and has reached a moderate stability because of its mass adoption.
12729  Other / Beginners & Help / Re: Just because It’s on GitHub. It doesn’t mean it’s safe> on: May 05, 2019, 04:24:56 AM
~
Most of the time the file doesn't even have anything to do with the source code being shown in the repo. Heck, sometimes there isn't even any code. The repo is just empty and they uploaded a random file to make use of the "GitHub" domain.

When the Electrum phishing messages were happening, they were linking files on GitHub for people to download. And all their repo were empty. Being hosted on GitHub means literally nothing.

the good news about these cases is that GitHub is vigilant about these types of malicious usage of their service and if you report them, they close the account and the repository fast enough specially when they are abusing the name of a popular project like Electrum.
so far i have personally reported a handful of these cases and before the day ended it was closed down.
12730  Other / Beginners & Help / Re: Irony on: May 05, 2019, 04:09:31 AM
This statement made me more confused as the person or team behind BTC is unknown but, still people believe in it. If so then should I be worried about the team in case of other coins? So., Confusing

there is a difference between
* bitcoin that has no premine, ICO, fundraising,... and you are not paying the "developers" to get the coins!
and
* and altcoin or token that has premine, ICO, fundraising,... and you are indeed buying the token from the developer who created it out of thin air. that is why people say you should know the people behind the project!

otherwise you should NOT want to know who is behind a project as long as it is decentralized. otherwise if you are trusting "people" instead of the "project" then you are centralizing that project. same with bitcoin, people trust bitcoin not because of Satoshi or the current bitcoin-core developers. people trust bitcoin because it is decentralized and is doing what it is supposed to without any shady business done by developers like what most altcoins do usually with premines.
12731  Bitcoin / Project Development / Re: Private key (privkey) hunters - unite! on: May 05, 2019, 03:57:25 AM
~
That's not what a collision is, a collision is two separate generators generating the same private key that points to the same address. Not two different keys pointing to the same address. The private key is the root of an address. The address is simply the hash of that private key.

address is not hash of private key, it is hash of public key. and what you explained (2 different entities find the same address with 2 different keys) is only one type of collision. the other type is indeed 2 different entities finding the same private key. the space they are in are different. the first one is in 160 bit and second is in 256 bit and both of them are huge enough to be considered impossible.

That's not what a collision is, a collision is two separate generators generating the same private key that points to the same address.
There's no way to prove that. But that's more relevant for Large Bitcoin Collider Thread 2.0 than for this topic Smiley
that topic is only solving a puzzle, it has nothing to do with collision despite what the name suggests! they have been basically searching from private key = 1 and incrementing it 1 at a time checking whether the result matches the puzzle addresses that were placed there to be found.
12732  Bitcoin / Project Development / Re: All Bitcoin address with balance, update weekly. on: May 05, 2019, 03:49:50 AM
~

you missed P2SH (commonly known as multi signature but in this case with 1 sig or 1of1).
also you could do the same with bech32 addresses meaning a multisig SegWit bech32 address with only 1 key.
i am not sure if you could do the same with P2WSH since i haven't seen any multisig that way but that could be another one too.
12733  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Mining Still Viable? on: May 05, 2019, 03:37:37 AM
I think it's not due to many miners were selling their rig and also VGA prices also dropped.
Maybe bitcoin mining is profitable when bitcoin is touch 8k USD or more

bitcoin mining being profitable or not has nothing to do with its price alone. if it did then all miners should have left when price fell below that number you mentioned here! which obviously they didn't and we have been under it for many months.
the profitability of mining bitcoin depends on multiple factors one of which is price the others are the difficulty, the electricity cost that the miner has and other possible costs such as cooling, labor,... and since difficulty changes with price it always remains profitable for many to mine bitcoin.
by the way bitcoin is mined with ASICs not "VGAs"!
12734  Bitcoin / Bitcoin Discussion / Re: Do you still bother to engage non Bitcoiners? on: May 05, 2019, 03:24:22 AM
i am following another bitcoin related topic in another forum but i only get involved when someone is making a bad technical mistake and is telling others to do the same. for example there was this thing where they were using blockchain.info and thought it is the wallet for bitcoin as PayPal.com is the wallet for PayPal dollars!

but as far as discussions about bitcoin future goes and the naysayers i don't get involved anymore because anybody who is still in that topic and is still negative about it is either trolling or lying. there is no way someone finds bitcoin that bad and still sticks around and passionately spreads FUD about it.
12735  Bitcoin / Bitcoin Discussion / Re: Court issued an order for Craig Wright to produce his public bitcoin address on: May 05, 2019, 03:16:30 AM
this is just more drama about Satoshi and the continuation of the Craig Wright's identity fraud and no court is yet investigating that fraud of his so he continues milking that scam more and more. at this point all i want to hear in topics like this which keep on popping up is when CW is behind bars for all the scams that he has been pulling over the past couple of years.
12736  Economy / Trading Discussion / Re: Have 1 BTC in alts should I transfer all to BTC on: May 05, 2019, 03:07:55 AM
you shouldn't even be asking this question and instead do whatever your own logic tells you even if it is wrong. this is not a financial advice forum and people will always give you biased opinion. so if you really  "don't believe in the long term success of bitcoin" then don't convert anything to bitcoin and continue bag holding altcoins.

Quote
There's countless coins out there that do what BTC does now but better, cheaper, faster, more secure, more utility etc etc.
unless you have actually used and tested any of them you don't get to say this just based on their advertisement. the fact is they "seem" better but in reality when you test them you can see how worse they are.
12737  Other / Beginners & Help / Re: Conspiracy guide to storing your Bitcoin on: May 04, 2019, 03:46:28 AM
What are your thoughts on diversifying your funds on multiple wallets? I think everyone should consider a paper wallet and a hardware but even more so what about a handful of wallets?

if you mean for security then it doesn't make much sense because if one of your keys is compromised while being created the right way (offline, clean computer, encrypted,...) then there is no reason to believe the other one(s) wouldn't be compromised either.

but if you mean for different purposes then that is obvious! just like what you do with your fiat (pocket money, money in your debit card, credit card, money in bank, in safe,  ...) you also split your bitcoin into different wallets: pocket money=hot wallet on phone, spending money (larger amount)=hot wallet on desktop, cold storage for storage (not touching)=paper wallet, cold storage with regular access=hardware wallet.
12738  Economy / Speculation / Re: China mining decision May 7 on: May 04, 2019, 03:18:12 AM
-They say no more mining, 70% of the hashrate disappears immediately,

that would have been true if 70% of the hashrate was in China which it clearly isn't.

Chinese government being unsure about bitcoin is nothing new. it has been going on for nearly as long as bitcoin existed. the more they pushed, the more it meant the small number of miners that were in China leaving China into areas outside of their jurisdiction.
12739  Bitcoin / Project Development / Re: All Bitcoin address with balance, update weekly. on: May 04, 2019, 03:06:45 AM
The serious part is: I have a little doubt on the viability of RIPEMD160, by the curse of "birthday paradox", approaching 2^80 computation doesn't seem to be too remote. It's just not economical (profitable). At present, the whole network can do 2^66 hashes per second, it takes 2^14 seconds - less than 1/4 day, to reach 2^80 computation. And remember, that is 2 times SHA256 on a block. ASIC's that are computing one-time random SHA256 should cost less and do more.

finding a hash collision for RIPEMD160 is impossible because the chances of it are astronomically small and it  doesn't do you any good because you need to have a private key that produces a public key that is then hashed with SHA256 and then hashed with RIPEMD160 that produces the same hash! that is the combination of 3 impossible things!

2^80 is huge and what miners are doing with their 2^whatever hashes per second is not a hash collision find!
12740  Bitcoin / Bitcoin Discussion / Re: Can lost Bitcoins be traced? on: May 04, 2019, 02:43:24 AM

...but in a few years if 1 sat is worth more than a chewing gum. people might want to spend it. thus bringing it back into regular use

Highly unlikely unless Bitcoin go feeless, even in lightning network fees are more than 1 sat.

what you need to keep in mind is that bitcoin evolves based on necessity. if the price rises so much that 1 satoshi is worth something then by then we would have had split 1 satoshi into smaller units to make it possible. but to get there price has to reach a ridiculously high level which will either never happen or take at least 30 years so there is no point arguing about it right now.
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