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13081  Bitcoin / Bitcoin Discussion / Re: Is Nakamoto back? on: March 13, 2019, 06:42:39 AM
it is simply because blockonomics website backend has decided to exclude the one and only transaction that is technically the first transaction that is the genesis block's coinbase transaction which is worth 50BTC and also is unspendable and is ignored even if you had the key to 1A1zP... address and tried spending that transaction output. so it is showing the balance of that address minus the 50BTC and it has received 16.92683950BTC in the past 10 years for some reason!

Is there any way to know if they ignore some other bitcoin? Is it just the Genesis block? This detail becomes clear after a little thought, but it would be interesting to put this information as a warning.

https://www.blockchain.com/pt/btc/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

no there is not because it is a closed source website as far as i can tell so only the owners of the website know what they are really doing.
all we can do is speculate. and considering genesis block's coinbase transaction is unspendable as i explained above (enforced by the network) it makes sense that this is the only case they are ignoring.
and that should not make any difference for users since that doesn't concern them!
13082  Economy / Speculation / Re: If bitcoin mining will be based on POW+POS.. on: March 13, 2019, 05:06:22 AM
GPU mining, im not sure what it does solve compared to ASICs. Sure you are using GPU cards which are common devices everyone has, but so what? you still need farms of GPUs to compete, otherwise you are at a loss.

there is no difference, GPU mining is the last step BEFORE it turns into ASIC mining. Bitmain has already released (if i am not mistaken) ETH ASIC machines.
the only difference (if we can call it that) is that GPUs are easier to come by and can be used for other stuff (like gaming!) compared to ASICs so when a PoW coin is still in its GPU mining stage, there are more average Joes mining it than when it switches to ASIC. which is what i meant by my Bitmain remark, here there is no entity to demonize, (you have to demonize big corporations like Gigabyte, MSI,... for that to work Cheesy)
13083  Economy / Trading Discussion / Re: How to find fake volume exchanges. on: March 13, 2019, 04:57:00 AM
you have to first decide why you want to know about fake volumes?
based on your comment i think you are just mad because of other traders using bots which has nothing to do with fake volumes! and you shouldn't even care about such things as long as you have a good understanding of the market and a good strategy to go with it! your orders will be filled and you will make profit regardless of what the "bots" do! but when you make random bets on the market obviously you will have a hard time in the market.

but if it is not that then you have to clarify the reason.
for example there is a good chance that every single exchange is faking its volume but the reasons are very different. for instance a big exchange like Bitfinex is surely faking volume but they always do it for competition purposes (to stay on top of the lists compared to others) and the size of the fake is small, like adding 5% to what they already have. but a shitty exchange like Yobit is faking the volume to stay alive and the size is huge (more than 90% is fake) so you can't trust the orders that you see on their platform because they are fake. you can't sell into the top one but if you place an order below it, it will be filled immediately!
13084  Bitcoin / Bitcoin Technical Support / Re: Question about multi Sig's. on: March 13, 2019, 04:42:26 AM
to get your answer you first have to understand how bitcoin works.
in bitcoin there is no "addresses" to be single sig or muti sig or be tied to something! an address is just an abstraction to make things easier for the end user to work with also they are human readable.

in bitcoin we only have transactions and a transaction has a part in it (the tx_out) which is creating a locking mechanism that can only be unlocked with a certain cryptographic method.
for example what you see as "normal" addresses that start with one are actually a mechanism called Pay to Pubkey Hash outputs. and to spend these transactions you have to "unlock" them you have to provide a digital signature that matches that mechanism. if you look under the hood the mechanism is this:
(signature)(public key)(duplicate public key then hash)(compare with hash that we have from previous tx)(if ok then check the signature)

the mechanism for multi signatures are the same but has additional steps
(multiple signatures)(a script which is created with multiple public keys)(duplicate previous item and hash it)(compare with hash that we have from previous tx)(if ok then check signatures)

now you can change that "script" (the second item) to anything you want. think of this whole thing as running a programming function that you are writing. when you change that script you are changing the unlocking mechanism. it can be a mechanism that requires 5 signatures from 15 keys, it can be 1 signature from 1 key, it can be a condition like a hash function that doesn't even need signatures (although this will be non-standard).
for example you can create a transaction like this:
(some arbitrary data)(duplicate the previous item and hash it with SHA1)(compare the result with the hash that we have from previous tx)(if ok then spend the funds)
[OP_DUP][OP_SHA1][OP_EQUALVERIFY]

1 of x does not make any sense.
What is the difference with this and a regular wallet?

it makes perfect sense! haven't you seen the workaroud for SegWit aka P2SWH?
what you are calling 1 of x is jut another script that instead of multiple public keys, has only one
13085  Bitcoin / Electrum / Re: New user here, not sure if I should trust Electrum...reason being: on: March 13, 2019, 04:23:45 AM
before you start trusting Electrum, any other wallet, block explorers,... you first have to start educating yourself about bitcoin. how it works. and all the basics of it specifically the security part about how to stay safe downloading a wallet, keeping your secrets safe,...
you seem to have jumped in and as others explained are confused about a simple thing which is the new address format which is not supported in some block explorers that are lazy to upgrade their software!
13086  Bitcoin / Bitcoin Discussion / Re: Crypto the movie about bear on wallstreet released their trailer. on: March 13, 2019, 03:44:02 AM
Why don't they just made it a movie that shows people using bitcoin that made their life convenient.

because that's boring. you don't watch TV to see people in their regular lives doing regular crap, you watch TV to be entertained. and these types of story can be entertaining, to see people break the law! do what you can't do in real life, ... it is like a window to an alternate universe that you can sympathize with the protagonist.
13087  Bitcoin / Bitcoin Discussion / Re: Miner One BTC Mining ICO CEO Pranas Slusnys arrested for 6+ million dollar fraud on: March 13, 2019, 03:36:26 AM
The fact remains crypto needs more regulations before it can attain the lofty heights it's being attributed. More protection for investors is required. The rate of scam in the blockchain space is alarming I must say

is bitcoin itself regulated? is bitcoin itself as a decentralized currency scamming you?! but these ICOs were all scams themselves. so the fact remains that regulation or no regulation the problem is with the projects themselves not with regulation or lack thereof.
if people simply stopped throwing their money away at obvious scams called ICOs with the hope of getting a good profit while having their heads in the sand, there would have never been any cases like this.
13088  Bitcoin / Bitcoin Discussion / Re: Jack Dorsey is a very active Bitcoin supporter! on: March 13, 2019, 03:30:32 AM
2. Bill Gates
Sadly, Bill Gates has been changing his thoughts or it's just about for his personal interest like the big bankers do. Like the typical investors mindset, they are giving bad reputation to bitcoin for telling things that we bitcoiners don't want to hear.

He said that buying bitcoin is crazy.

Everybody in the forum like Jack Dorsey, despite of having his own interest for advertising and introducing his apps and company. In return of that, he's also endorsing bitcoin.

almost everyone that you ever see talk about bitcoin positively is doing it for their own benefits otherwise why would they waste their time this much to advocate bitcoin? it is not just positive talks either those speaking negatively have other kinds of interest that they are seeking out.
the good news is no matter what they do, they are still spreading the word about bitcoin Smiley
13089  Other / Meta / Re: How relevant should inactivity be for hiring someone? on: March 12, 2019, 05:01:54 AM
if this person provides a signed signature from previous posts it should be good to go.

^this without the "doubt" part. just ask for a signed message from the user to prove that the account  does really belong to them and has not changed hands in all cases. otherwise people take a break from bitcoin and bitcointalk and that break shouldn't mean all their contributions be ignored.
additionally you can accept them on a trial basis...
13090  Other / Beginners & Help / Re: [Guide] Using Google Trend to choose right time to accumulate for your portfolio on: March 12, 2019, 04:53:42 AM
here is what your strategy looks like, you keep your ears to the ground and when you hear loud music you assume it is a party and then start moving towards that sound in an attempt to join the party. well by that time you either face some dude rocking his stereo or find the party is already over, and the cake is gone Cheesy

that is what Google trends show you. when bitcoin has already gone up for a while the media starts hyping it up more, then the newbies start searching more about it which is when it starts showing a spike on the trends. and when the hype slows down the trend goes back to normal too which doesn't show anything about bottoming out or anything it just shows there is no longer enough searches.

and it gets worse with altcoins! for instance if they decide to spam-advertise their shitcoin, there will be a bigger "trend" on google but the price is not going up! and as their spam ends the trend also ends too but the pump and dump of that shitcoin can still continue.
13091  Bitcoin / Project Development / Re: What solution should I use for micro payment transaction ? on: March 12, 2019, 04:35:22 AM
Faucethub.io <-- this website was used by a lot of faucet owners, it supports micropayments and once you reach certain limits, then you are able to withdraw (that's how I remember but please check yourself).
Or another solution is if all of your users will use for example XAPO, when you send btc from xapo to xapo, fee is zero.

both of these are bad ideas because in both cases you have absolutely no control over your funds while you will be paying fees to them for processing your stuff.
additionally there is another risk associated with your first suggestion because services like that which are associated with faucets tend to stop being profitable for their owners and run away at some point.
13092  Bitcoin / Electrum / Re: Electrum long term viability on: March 12, 2019, 04:26:54 AM
~
You would also need to make sure that the version of Electrum was still compatible with the OS in the future. So I assume you would need the current version of Electrum and the OS to be on the safe side or a working virtual machine with the correct version of the OS ?

well that is a very rare case, nearly all the times any application that can be run on an older version of an operating system can also be run on the new versions of it because they always keep backward compatibility. i'd say it is a far fetched possibility but it is possible still.
13093  Bitcoin / Bitcoin Discussion / Re: Bitcoin ETF is finally here? on: March 12, 2019, 04:03:18 AM
for what it's worth ETF is only hyped up these days because price has been in a downtrend for over a year and during that downtrend people were mostly desperate and were looking for anything that could reverse that trend and ETF being in the news became that "thing" they caught and put under magnifying glass and started hyping it up.
i assure you that when the rises begin in a couple of months where price constantly has 10-20% rises every two weeks, everyone is going to forget about ETFs.
13094  Economy / Speculation / Re: If bitcoin mining will be based on POW+POS.. on: March 11, 2019, 05:53:05 AM
i really think it's more nuanced than that. exchanges might have some influence, but on a fundamental level we all know the community will follow vitalik and the core developers, not miners. very few people will give a shit about miners---certainly not ETH investors who have been sold on the POS roadmap since years ago.

let's not forget that we in bitcoin have bitmain which has turned into the evil entity more than they really are which is part of the reason why people are (foolishly) hating miners. they don't have such thing in Ethereum which is additionally because ether miners are GPU miners not ASIC farms.
i honestly don't know what kind of crap they are pulling with this slow multi step fork thing but unless they have a way of killing the PoW mining, it will exist. obviously its price will fall dramatically but not because "people" dump it, not at all. it will be because the ethereum foundation will use their premine coins to dump the PoW coin just like they did with ETC. (just search about times poloniex caught them red handed manipulating ETC price when the fork initially happened and closed some of their accounts).
13095  Economy / Speculation / Re: Bitcoin at $9,000 by the end of the year on: March 11, 2019, 05:38:41 AM
considering the resistance at the $5k-$6k area, $7k+ sounds like a dream right now.

it is all about momentum and the initial "getting out of this stage" part. when that happens there is no more resistance that is unbreakable anymore. when we get to $5k-$6k that would be considered about a 100% rise from the bottom and by then the money would be pouring in much easier and faster, and more importantly with a bigger confidence than investors currently have. which means a bigger buying strength that can easily eat through these supposed resistances.
13096  Bitcoin / Electrum / Re: Electrum long term viability on: March 11, 2019, 05:08:13 AM
    • [3] If ever, I will be useful for natively exporting the keys but can't be used to send out since if the development and support had ended, "good" servers might vanish as well (but that's a far-fetched scenario).

    I didn't think about that, very good point.  And thanks for the explanation on the other points as well.

    Another question, if I may paint a hypothetical;  If (god forbid) Electrum dev team gave up, and eventually servers stopped supporting the software, one could still install a version of Electrum which is compatible with his seed phrase and extract the private keys, correct?[/list]

    that is correct because servers have nothing to do with your seed and deriving private keys from your seed. everything is happening inside your software which will be usable forever and even if you couldn't or didn't want to use the Electrum version you could always ask someone who is familiar with Electrum code to write you a simple script that you then run offline to generate your keys from your seed. (it is an easy thing to write). that is the beauty of open source applications.
    then you can use the private keys (which are universal and work in any bitcoin implementation) to import in another wallet and have access to your funds.
    13097  Bitcoin / Bitcoin Discussion / Re: Is Nakamoto back? on: March 11, 2019, 04:51:36 AM
    it is simply because blockonomics website backend has decided to exclude the one and only transaction that is technically the first transaction that is the genesis block's coinbase transaction which is worth 50BTC and also is unspendable and is ignored even if you had the key to 1A1zP... address and tried spending that transaction output. so it is showing the balance of that address minus the 50BTC and it has received 16.92683950BTC in the past 10 years for some reason!
    13098  Bitcoin / Bitcoin Discussion / Re: Bitcoin.com registration on: March 11, 2019, 04:42:29 AM
    I think whomever registered the original .com domain realized that Bitcoin most probably fitted better in a noncommercial/Open-source category and he/she registered the .org domain for that goal. The .com domain is generally more suited for commercial purposes.

    Bitcoin is Open-source, so it just makes sense that the domain being used must also be linked to a domain type that are geared towards Open-source projects. This is also why Bitcointalk.org is not .com.  Wink
    ^ cha ching, this guy gets it
    .com sounds too commercial.. .org sounds more open sourcy. so when things moved forward things favoured the 'org' representation

    Unfortunately too many don't know this difference.
    Imho he/she should have also kept bitcoin.com, even if for simple redirect to bitcoin.org
    Such a move would have saved us from quite a lot of drama and would have saved many newbies from buying BCash...
    Too late now, however...

    technically speaking (ignoring the drama) there is no difference between the two. both of them are centralized websites that are owned and controlled by certain people. it just happens that the philosophy of the owners of bitcoin.org's and its contents are much closer to bitcoin and its decentralization compared to bitcoin.com's specially since they are advertising something that was created without consensus (BCH) as bitcoin!
    and maybe that is a good thing! maybe it can help some people realize that they need to trust the decentralized protocol instead of trusting in what some website tells them...
    13099  Bitcoin / Bitcoin Discussion / Re: Did you know? on: March 11, 2019, 04:31:23 AM
    Proving that in it's early years, bitcoin was not flawless

    you are confusing the "implementation bug" with "protocol bug" and they are very different. Bitcoin was and is still is flawless but the all the implementations are filled with flaws. to this day we still find new bugs and from time to time we even introduce new bugs in our software. that is inevitable.
    here are the two recent examples of serious bugs that were found in two different implementations of bitcoin: 1 and 2 but neither of these mean bitcoin is flawed!

    I don't know where you coming from, but in my years of being a testers this is just a classic example of 'implementation bug'.

    that is what i said!
    but in the part i quoted, you are saying "bitcoin was not flawless" which means the protocol. which in my opinion is a false statement.

    Proving that in it's early years, bitcoin was not flawless

    Bitcoin was and is still is flawless but the all the implementations are filled with flaws. to this day we still find new bugs and from time to time we even introduce new bugs in our software. that is inevitable.
    here are the two recent examples of serious bugs that were found in two different implementations of bitcoin: 1 and 2 but neither of these mean bitcoin is flawed!
    I don't know about you but what happened in #1 really changed my attitude towards Bitcoin. I agree it was implementation bug but it was too serious, and I formerly believed that such a thing was not possible at all with this coin: https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret. I think that limited supply and impossibility of faking Bitcoin are among key advantages of this coin. If due to some upgrade bitcoins appeared out of thin air, it is very disturbing. It's good that everything was quicly fixed, but one day we might not get so lucky, some people might refuse to upgrade, and this blockchain will be in danger.

    that is exactly why i tried to make that distinction. i don't know how clear my comment was but i tried!

    you are already correct, things like that are impossible with bitcoin because the protocol is strong and has no bugs, exploits, workarounds,... (hint some altcoins do have all these in their protocol!) and that makes bitcoin strong. but implementations will always have bugs like that. and they are not as bad as a protocol problem. why? because for example if that #1 was indeed exploited it would have split the network into two: 1. those who were running a buggy implementation (certain versions of core) 2. those who were running an implementation without the bug (other versions of bitcoin core and other full node implementation). all the while the protocol is working fine and bitcoin continues as it should on the right chain.
    13100  Other / Beginners & Help / Re: Is there some new methods for earning bitcoins? on: March 10, 2019, 05:00:58 AM
    there has always been only one method of earning bitcoin and there will always be only one method!
    just like any other currency that one method is to work and get paid in bitcoin. there will always be thousands of different jobs you could do though which will always depend on your skills and sometimes on whether or not you are willing to make an initial investment for example in case of mining (which is a work you do) you have to make an initial investment to buy equipment.

    in short if you look at bitcoin just as you look at any other currency (like USD) then all your questions are going to be answered automatically. but when you see bitcoin as something strange and unlike currencies then you would be confused.
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