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12781  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto, here's an idea for you (if you are still out there): on: October 29, 2019, 05:51:09 PM
10k=0.00010000
10thousand people=1btc
10bill people=1mill btc .. so ya i can undrestand the maths of 'why 10k'

but here is a few issues
1. btc is limited to 600k transactions a day
not due to technical limitations, but core dev politics
even if he moved the funds just once. it would take 16thousand days(45 years) just to move the funds once to individual keys
and thats without accounting for regular use by people moving funds around
thats 90 years total. once to claim(45). once to spend(45)

2.linking addresses to personal details / identity...
lets forget the privacy/anonimity argument as that in itself is self explanitory a bad idea. but have you ever heard of proxy voting,  identity theft, fake ID... you know where someone else claims to be someone for gain..
yes it happens if people were told they were getting free funds and all they had to do is supply an ID. scammers would be rich

3. satoshis funds are not stored on some single key, they are distiributed on ~20,000 keys spread over 2 years of using bitcoin. so dont even bother thinking he will just spend all the coins in one go. infact with people knowing they only have 1 chance in 45 years to spend the funds with the current core limitations inplace. people are more then likely to cause a price stampede to sell as quickly as they can before the price tanks too much

4. and after the mass sell off. then what. 90 years have passed where the only purpose of btc was to sell it for pennies to gain just a little bit of fiat. yes i said pennies because the flood of coins would just end up in the hands of corporate exchanges that have peoples ID's
and even when people think they have gained some fiat. the corporate exchanges will send that info to tax offices and them people will end up paying tax on it. thus end up in many cases worse than when they started

sorry but this topic has too many flaws.
12782  Bitcoin / Bitcoin Discussion / Re: A rising number of Americans own crypto and nearly 13 million women says study.. on: October 29, 2019, 03:15:07 PM
since we are talking about statistics, here is another one for you. 90% of these statistics are completely wrong and biased. it is simply because they never spend much time in selection process, which happens to be the most important and most time consuming step of conducting a research. so instead of spending time and money on selecting a good and diversified group of people they simply choose to do the simplest thing and do a random choosing and end up with false results.

yep. the door-to-door /street surveys are the worse
without even answering a question i can predict a survey about employment would show higher unemployment on the survey. just for the simple fact that guys doing the surveys are asking people who are walking around shops between 9-5mon-fri... the time when most working people are in offices/factories working, and not free to just aimlessly be walking around town with spare time to answer surveys

surveys are not ever accurate and should never be treated as fact
12783  Bitcoin / Bitcoin Discussion / Re: Bitcoin Richlist on: October 29, 2019, 01:41:04 PM
if you dont hold the private key, the coins are not yours
a century ago if you dont have actual gold. the bank note promissory note is telling you that you dont own gold.. you dont even own the paper. you just 'bear'(hold/keep) the paper that can be exchanged for gold.
12784  Bitcoin / Bitcoin Discussion / Re: A rising number of Americans own crypto and nearly 13 million women says study.. on: October 29, 2019, 01:23:40 PM
i have seen people on the street with a sign saying 'please answer a survey about charities'.. the results are that a high majority of respondants do donate. not because high population donates. but because those who do not are going to avoid entering into the survey to avoid embarrassment/shame of being seen as heartless

in my town whenever people see someone with a charity asking for donations, the common thing to say just to walk passed them is 'we already donated'. not only does it avoid having to put our hands in our pockets, but also avoids the guy stalking us trying to convince us, and avoids them shouting out bout how we have not donated but should.

the survey are based on like 2000 people out of ~327million.
these surveys usually would be mail bombed to known people in a certain industry, and also exclude certain population groups.

take for instance americas 327mill population ~60m are below the age of 15years and 50mill are above 65..
usually surveys exclude these age brackets meaning a third of the population is excluded

so if say 33mill say yes on a survey of such the actual % is not 10% but actually more like 6.6% if it was a true population survey no matter the question

then we get back to further shrinking down the survey by respondants. not everyone is interestd in filing out a survey about their finances. so this could cut the pool of respondants in more than half whereby the poor/uninterested in investments
wont respond. thus even AT BEST it would bring results of 3.3% true population.. though a survey site would still try to presume 10% said yes

its much like going to a trump rally and doing a popularity poll. ofcourse results would be majority fangirling over trump
12785  Bitcoin / Bitcoin Discussion / Re: Survey on Bitcoin ownership on: October 29, 2019, 01:07:43 PM
just like the survey, your own tally is going to reveal flawed results

first of all you are asking in a crypto group. thus always going to get a result of every respondant saying they have coin

next those respondants more then likely gave coin to friends and family. even if the family dont know/understand crypto. EG future inheritance, free givaways, and such

next many 'geeks' 'nerds' dont have a massive diverse social group. so the variety of friends is limited. for instance if you asked warren buffet how many friends/family have stocks/shares. he would say all of them. because he is not the type of guy that makes friends with the homeless or waitresses on minimum wage.

...
as for other surveys
i have seen people on the street with a sign saying 'please answer a survey about charities'.. the results are that a high majority of respondants do donate. not because high population donates. but because those who do not are going to avoid entering into the survey to avoid embarrassment/shame of being seen as heartless

in my town whenever people see someone with a charity asking for donations, the common thing to say just to walk passed them is 'we already donated'. not only does it avoid having to put our hands in our pockets, but also avoids the guy stalking us trying to convince us, and avoids them shouting out bout how we have not donated but should.

the other surveys are based on like 2000 people out of ~327million.
these surveys usually would be mail bombed to known people in a certain industry, and also exclude certain population groups.

take for instance americas 327mill population ~60m are below the age of 15years and 50mill are above 65..
usually surveys exclude these age brackets meaning a third of the population is excluded

so if say 33mill say yes on a survey of such the actual % is not 10% but actually more like 6.6% if it was a true population survey no matter the question

then we get back to further shrinking down the survey by respondants. not everyone is interestd in filing out a survey about their finances. so this could cut the pool of respondants in more than half whereby the poor/uninterested in investments
wont respond. thus even AT BEST it would bring results of 3.3% true population.. though a survey site would still try to presume 10% said yes

its much like going to a trump rally and doing a popularity poll. ofcourse results would be majority fangirling over trump
12786  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin needs institutional money coming in? on: October 29, 2019, 11:57:00 AM
bitcoin does not need institutional money. for these reasons
1. institutional money = institutional rules of handling bitcoin
2. bitcoin is suppose to be a free choice option away from relying on institutions/custodians
3. the price bump of institutional money does not help bitcoin

lets concentrate on (3). throwing in large amounts just pushes a price up. but the VALUE / underlying support does not change. thus it just creates more volatile speculation spikes/bubbles that correct down again.

people that scream and demand for institutional money dont care about bitcoin longevity /sustainability. they instead looking for a bitcoin exit so they can return to fiat

bitcoins longevity/sustainability is not based on market prices or exchanges or anything institutional. its instead about keeping bitcoin USEFUL for everyday people who want to remain using the bitcoin network. and no this does not mean sidelining people off to altnetworks and strangling bitcoin transaction count ability.
12787  Bitcoin / Bitcoin Discussion / Re: The vast majority of trading volume was faked. on: October 27, 2019, 11:32:05 AM
Also it is just a business strategy we could see 1000's of examples everyday in today's business , that's just how they think it works..  not everyone is going to be true you know.

even street hustlers playing the 3shell/card trick do similar tactics. they have a 'friend' jump in who pretends to be a stranger, picks the right option to get a win, gets paid the reward and walks off leaving the suckers to think thy have a chance of winning too

its a way to fake looking honest, having more popularity by having more people playing at any time to tempt naive people in by paying out at a win. when reality the pay out/only wins are the hustlers friends
12788  Bitcoin / Bitcoin Discussion / Re: The vast majority of trading volume was faked. on: October 27, 2019, 10:36:41 AM
'wash trading' is a thing that happens even in fiat markets

the way it works is imagine 3 people want to buy at exactly $8001.12
(a)0.1 (b)0.2(c)0.3 total 0.6
on a market the order line just shows as 0.6 but within this orderline the washtrader(c) always puts their trade first

not only does it mean they can match their sell trade to their buy trade by being first. but also they have more control of setting prices and taking advantage of market changes by being first inline in every deal

i guarantee you if your an outsider putting in an offer, your offer at any price will not be the first inline to 'take'
its how many fiat and crypto exchanges work.no exchange will let its customers benefit first from good market movements.

and its use of this tactic that lets user (c) who is always first inline be able to buy and sell multiple time even when there is no price movement, even when there are other customers waiting for their orders to fill, to be trading before everyone and thus increase the volume before actual users get their orders filled. thus inflating the volume.

exchanges also done ghost orders in the past. which is inverting the 'wash trading' tactic
imagine (a)0.1 (b)0.2(c)0.3 total 0.6 and although the price was $8001.12, they put their order at $8000
with (c) last. thus if the price went down to $8k the orders eat up (a) (b) first.
this means that (c) can put in a big number of say 100 coins and create a 'wall' using ghost funds(made up/fake) so that if the price got near their order they still have time to cancel their order while (a)(b) is getting filled.

this was done most notably by mtgox many years ago to create walls to sway users that its impossible for the price to break below the large wall.  thus people start trading in the opposite direction thinking the wall is good support/resistance barrier
12789  Bitcoin / Bitcoin Discussion / Re: He's thankful he found "Bitcoin" on: October 27, 2019, 09:54:42 AM
trying to fight the adverts of which chain is bitcoin is a war no one can win.
because as soon as you think you have, someone else forks and makes bitcoin xyz or bitcoinpaper or bitcoinmeme and it starts all over again

instead the most sensible and smart war to battle is to let people know that bitcoin analogy is like dollar
there are many dollars(canadian, zimbabwee, australian) but the main one is cores(US dollar)

just shouting bitcoinxxx aint bitcoin is exactly like saying australians dont use dollars(no win argument thats flawed)

these bitcoin forks are from a technical point bitcoin forks
because they all have satoshis genesis in them
bitcoins # for block1 is 00000000839a8e6886ab5951d76f411475428afc90947ee320161bbf18eb6048
so from a technical point litecoin is not a bitcoin fork
litecoins # for block1 is 80ca095ed10b02e53d769eb6eaf92cd04e9e0759e5be4a8477b42911ba49c78f

so in no way can a true altcoin be a bitcoin. meaning litecoin would be a 'pound' or a 'yen' but not a dollar
take bitcoinPlus this is a good xample of a coin that has no satoshi genesis
block#1: 000004abe215ffa766d43c64be31d187c353186163bb11e860ad3ea2c70d8cb9 (year: 2015)
so both ecomonical level and technical level is not a 'bitcoin' even though the brand says it
however the bitcoin forks that include the satoshi genesis would be a harder argument to fight

so just to make the argument simple to fight
once you make it common knowledge that there is more than one 'dollar' currency in the world people stop thinking they are getting a great deal buying canadian and thinking its american. but instead know to expect there are canadian, australian, american and find the one right for them when they want to buy the american dollar
thus less headaches and less battle and getting straight to the point of helping people become more observant

however if you keep saying 'there is only one bitcoin' people will get easily fooled thinking all the forks and brand copies are the same thing
12790  Economy / Speculation / Re: Bitcoin's Latest "Fall" Was Manipulated on: October 27, 2019, 09:24:42 AM
the only time a price rise would be supported/sustained is if the cost of mining supports it
if people cannot mine cheap, they simply buy it instead.
those mining refuse to sell at a loss. meaning both buyers and sellers are giving the market a better value where they wont want to sell for less

the cost of mining is still not near $10k but at the most efficienct costs of ~$7.5k meaning about $8k as a minimum sell for profit
so ofcourse the price had every chance of returning to ~$8k
nothing, absolutely nothing indicated the near $10k was sustainable.
the $10k was just speculative, emotional hype froth(mini bubble layer)
12791  Bitcoin / Bitcoin Discussion / Re: Thoughts on Hal Finney/Craig Wright being Satoshi? on: October 26, 2019, 07:46:46 AM
I prefer that Finney claims to be Satoshi Nakamoto because we know that Finney is a scientist. he is a computer expert and he got the smartest award in computer science that maybe he has collaborated with real satoshi nakamoto to make the bitcoin protocol.

hal never claimed to be satoshi.. no ifs or maybes.. 100% no claim
hal did help satoshi.. no ifs or maybes.. 100% proof of help
12792  Economy / Speculation / Re: Bitcoin Price Analysis: What Has Triggered 30% Surge? on: October 26, 2019, 07:30:13 AM
just another day
3 days ago price went down. now it goes up.

Mr miagi teach daniel son. "market is like painting fence.. up down up down up down up down"
12793  Bitcoin / Bitcoin Discussion / Re: Thoughts on Hal Finney/Craig Wright being Satoshi? on: October 26, 2019, 07:05:04 AM
maybe Hal Finney is the creator of Bitcoin because:

* Hal Finney died because of complications with ALS in 2014. (Bitcoin was created in 2009)
* Only a dying person has no interest in fame or money and that is why he hid is name and worked for a greater cause, to revolutionise and discourage centralised banking systems.
* Why would someone like Craig Wright try to be 100% private and then all of a sudden become public? He also only became public AFTER Hal Finney's death.

CW is not satoshi
hal is not satoshi

CW didnt even come onto the scene until 2015 but was scamming related to btc since ~2011(creating the no collateral tulip trust)
CW had no connection to hal.. i think your mixing people up
CW friend was not hals friend but daves friend
heres dave                            heres hal

2 different people
CW didnt dox himself until after daves death.. again unrelated to hal completely

hal was hal using his own username and writing his own code in his own style and was talking to satoshi and helping satoshi debug the code

also:
hal was definetly interested in money. all the cypherpunks were.
hal especially because he wanted to leave his family set for life with a healthy nest egg(as most dying people do when thinking about family). at the time he didnt know if bitcoiin would be that nest egg but he was also interested in making sound money that could change the world and give people(and family) a means of monetary freedom away from government support.

come on. its just common knowledge when someone gets bad news the main thing that motivates people is thinking about their family and others. its called leaving a nest egg or a legacy, inheritance.
only the most immoral/callus people would go on a spending spree using up all their life savings and leaving the family to be supported by government welfare/support.

seems this topic creator knows nothing of the basics
but back to my point

CW is not satoshi
hal is not satoshi
satoshi is satoshi
hal was just hal who helped satoshi
CW is just scammer who helped himself create fraud against australian government and private investors
12794  Bitcoin / Hardware wallets / Re: Security Vulnerability: Ledger Nano X and Ledger Nano S on: October 26, 2019, 12:11:08 AM
this topic should be named scam warning spoofing ledger emails
that said.
an actual security vulnerability is the fact when you plug in a ledger and you use a webbrowser interface, the interface may not be from ledger but a phishing site with a pretend 'problem with ledger, please re-type in your seed to reset'. whereby your seed then goes to scammers

so be careful if ever asked to type in your seed
12795  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Suggestions for best way to build a bitcoin gaming site on a budget on: October 25, 2019, 11:58:16 PM
I am looking to develop a bitcoin gaming site (not a casino). It will be a simple site where users can play a game for chance to win bitcoin.
Site will need an admin section to view members, communicate with members, issue payouts, etc
Each user will need a wallet on the site.
Need to integrate offers (Ex: Watch this ad to play again).

It is a fairly simple site compared to a bitcoin casino or something like there but there is still a fair amount of development needed. I wanted to know the best way to build this on a budget, and what I could expect to pay.

I have built many websites but my coding experience is limited so I will need to source out a lot of the development.
This is my plan so far:
First would be to design the overall layout of the site. This will just be the HTML design, no actual functionality. All pages will be there (Home page, Member profile, wallet, etc). This will be first.
Then step by step hire developers to integrate functionality into the site.
-Create an admin page
-Create a wallet
-Allow btc to automatically be deposited into their wallet if they win, etc.

Obviously my description is a simplified description with not many details, but I just want to see if I am on the right track to do this most cost effectively and also have the most control. I haven't built a website such as this before but I've had this website concept in my head for a while and I think it is worth pursuing it.

1. do not, never have a hot wallet on your website.
just use mysql databases to store things like a deposit address for your customers. and another database to have a pending withdrawals list. which a separate server/system away from your site manages the actual wallet stuff
(imagine it like fairground rides. the rides never touch the money. they just play with tickets. the tickets are bought/redeemed separately)

2. there are many open source games already around so do something simple and honest first to gain some fame, popularity, loyalty and ofcourse some funds. and then use those funds and loyalty to expand to the main project you really want to have
if you dont have the upfront funds or the expertise. dont run before you can walk so start small

3. as point one mentions. you dont need to worry so much about paying out at every win if you just give them a internal 'balance' that just goes up and down depending on win or lose deposit/withdrawal. they can get funds back when they press for a withdrawal request.
trying to manage dozens/thousands of tx's for every play especially with block time concerns as it means for someone to instaplay by just paying into a address of choice and if it wins funds go back to the address funding it. is messy.
'satoshi dice' was an example of this and it was very messy, and done purely as a means of pushing the network to see what it could handle
aswell as the 20min gap between when the person presses send, you get 1 confirm,(win occurs) you send back, the customer gets 1 confirm.. people wont actually get to 'instaplay' by one tx at a time as its too slow for that. so its better to have a deposit and internal balance and then withdraw when had enough

12796  Bitcoin / Bitcoin Discussion / Re: MiNing Copper Instead Of Bitcoin = More Cash Flow on: October 24, 2019, 11:12:49 PM
you yourself or asking others to go around scavenging for scrap electronics costs alot of time.
knocking on doors hoping someones home. then if they are having to introduce yourself, explain why your knocking and asking if they have any unused electronics.. even if they did most people wont hand them over because of many reasons.

the best option is to use the towns garbage recycling system. ask them if you can manage the metals part. get them to make electronic disposal part of their collection offering to the town.  that way your using their staff for the foot work and your employees can concentrate on the smelting.

that said. copper is still not that profitable. if you work it out the time to unscrew a device and pull out the copper vs the weight cost makes it expensive to run.. there are more things in the world that earn more per kg.

heck. people think oil is expensive but a 42gallon drum for $55 is cheap compared to milk.
1gallon oil = $1.31
1gallon milk $5.44

sometimes even if you think copper is 4x aluminium in price per weight. the availability, the scavenging costs make copper more than 4x to acquire thus on resell not as profitable as aluminium

many have tried scavenging gold from phones but the amount in the phone minus the time to get at it makes it more expensive to 'mine' than say offering a baked bean tin recycling service to a town.

so in short
just think about the costs of running and operating.
in the UK no one wastes time on electronic devices. and it only kinda breaks even on copper plumbing pipes(more copper+less time to scavenge) yet the baked bean can recycling is bigger business where 99% of what comes in gets recycled.

last point. what will you do with the scrap plastic after ripping out the copper metal from electronics. most plastics end up needing special licences/permits to melt down or dispose of, which adds to the costs. (hense copper plumbing pipes is the main/only sustainable scavenging item)
12797  Bitcoin / Bitcoin Discussion / Re: A Serious Bitcoin Security Warning!!! on: October 24, 2019, 06:25:11 AM
this topic aint new but worth a mention
other tricks are that these qr readers may actually have a list of 200k-11m addresses preloaded of vanity gen addresses of every first 3-4 characters of an address. but where the scammer has all the privkeys of.

because some people only check the first few characters the destination of a tx appears to match where you hope it should go, so people are easily duped if in a rush

best advice after scanning an address. check the destination. its best to check the whole address matchs, but if in a rush check the final few characters. not the first few. this is because its harder to vanity gen the final few characters than it is to gen the first few

also some wallet apps themselves has issues. where the user viewing display shows what you want, but the code signing a tx is signing for a different destination

in short be careful with all apps, whether just a reader or a wallet or even an unrelated app that can be a trojan
12798  Other / Serious discussion / Re: A crash Brexit looms over the UK on: October 23, 2019, 04:20:52 PM
- We won't be able to buy fish. British waters are fished by European fishermen, and we only have a small fishing fleet after the EU forced us to burn our boats following membership. We will have loads of fish if we just fish our own waters, and stop buying our fish from the Europeans.

- Farmers won't be able to sell their meat, and we won't be able to buy meat in the supermarkets. The obvious solution is for us to eat our own meat. Britain has higher food standards than the EU, and this is why the meat is exported, and the gullible British public buy inferior EU products through European supermarket chains like Lidl and Aldi.

There are loads more topics like this, such as the fact that we were forced to burn out lovely traditional apple trees, and now the supermarkets push French pap instead of traditional Cox and Bramley apples. I'm lucky as I've just been given a load of free "Sops in Wine" apples by a Somerset farmer. I'm also buying Somerset brie rather than French brie. It's about the same price, and far better than the tasteless volume produced stuff that we import.

agree. also
cheddar cheese is actually cheddar cheese from cheddar. not some replicant only branded cheddar like yanks and euros sell

things like potatos.. in england we dont actually get majority of our spuds from ireland they come from egypt. so news of a 'potato famine' is just a joke.

if it becomes too expensive to buy things from europe, great we will make our own again. or get them elsewhere, thus restart industry=more jobs
woo hoo volkswagons too expensive, great we will open our own ford/nissan factories(avoiding euro cars) and also bring back old brands like morris minors. austin. heck even expand the ariel atom to be more popular
we will then put up the price of Jaguar Cars, MINI Cooper, Aston Martin, Rolls-Royce, Land Rover, Bentley Motors Limited
when europe wants to buy them. they can afford it

funny part is britain is not an american state, not an indian state, not an asian state nor a african state or a south american state, yet we continue to de trade with those regions. so no matter what the euro deal is or isnt we will continue.

UK's finance markets and tax/customs office can even soften the blow of euro customs tarrif very easily. by just making europe pay extra for a pound.
EG if £1 product is e1.20(no tarriff) but then euro want to implement a 10% tarriff. britain can just start making europe only get
£1 for thier new $1.32

theres many many thing that can be done. many people dont realise EU actually relis on us more because of our commonwealth ties. yp the EU will end up heving to make new negociations with separate countries because some of the deals before were done via the cmmonwealth treaty being extended to euro to certain conditional trades
12799  Economy / Exchanges / Re: Binance is earning only $20,00 per day on transaction fees charge?? on: October 22, 2019, 11:29:11 PM
But don't forget that Binance covered the losses when the exchange was hacked.

but dont forget they make $440k-$1.4m a day on their internal market trade fees. so they wont wont to vex all their customers over just 1-3months of internal market fees.

if thy did the 'bank run' of people escaping would cost them more than the loss.
12800  Economy / Exchanges / Re: Binance is earning only $20,00 per day on transaction fees charge?? on: October 22, 2019, 09:58:19 PM
binance charge $4 to so that people can take their money out of their service
i remember soo many people using paypals 20cent fee as a reason to tell others to switch to btc
i remember soo many people using western unions fee as a reason to tell others to switch to btc

heck id be pee'd off if an atm charged me anything for a withdrawal

i can kinda understand the principal. it kinda deters people withdrawing, thus keeps them trading a bit longer
but i know some businesses in the cryptosphere are getting a lil greedy
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