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1361  Bitcoin / Bitcoin Discussion / Re: Could Satoshi have known? on: September 23, 2023, 12:16:57 PM
BTC to some is just money, but to others, it is a valuable asset worth investing and HODLing for a duration
These two ideas are not contradictory though. As a matter of fact, in order for bitcoin to be money it has to be store of value as I pointed out earlier. This means bitcoin has to be an investment too if it wants to be money.
1362  Bitcoin / Bitcoin Discussion / Re: Could Satoshi have known? on: September 23, 2023, 05:43:33 AM
do you think that it never occurred to him that people may start investing in bitcoins instead of really using it for buying and selling?
The real question is: what difference would that have made if he knew that? Could he have designed bitcoin in a different way to prevent volatility? The answer is no, it would not have made any difference and the design would have been the same. So knowing or not knowing it is not important.

Besides, I personally believe that this volatile price is just a phase. It may last another 5 to 10 years to reach mass adoption and stability but stable value (not price) is going to be the final result after mass adoption. After all Bitcoin is still pretty young and in its initial phase.
1363  Bitcoin / Bitcoin Discussion / Re: Bitcoin miners energy usage has exceeded 50%, where is Elon? on: September 23, 2023, 05:29:30 AM
Musk never cared about bitcoin or its energy consumption or the environment for that matter. All he cared and still cares about is more power and more money. He started making positive statements about bitcoin because he thought he could influence the market and make a profit, and similarly he reversed his position and started spreading FUD because he again thought he could influence the market and make profit. Same as his involvement with shitcoins such as Dogecoin.

Besides, I don't even think people would even use the bitcoin payment option even if they wanted to buy Teslas Smiley
Bitcoin is much too valuable to exchange for a car. It's not like they are cheap either, you'd have to pay 2-5 bitcoins!
1364  Other / Beginners & Help / Re: How to get profit when have PC is idle and unused in home on: September 23, 2023, 04:44:54 AM
Even if you had better hardware in your PC I'd say it is not the best time to mine altcoins because these days altcoins are mostly dumping and for mining altcoins to be most profitable you want the pump season where they go higher as they get pumped and most importantly you have a larger number of choices that you can switch to each time one of them stops pumping.
1365  Bitcoin / Wallet software / Re: Are blockchain explorer threat to the privacy ? on: September 23, 2023, 03:53:38 AM
@pooya87
it is easy to simply make a check list of 50 addresses
click and look at them and only own one address.
thus no one knows if any of them are yours.
It is slightly more complicated than that since you'll have to store all those addresses and also update/expand your list of 50 addresses each time you want to add a new address of your own. For example add 10 random addresses for each address of your own.
You are also forgetting that people use the web interface (not the API) to check their addresses and checking 50+ addresses manually is a very hard and time consuming process!

Besides, why go through this much trouble when there are easier ways...
1366  Bitcoin / Bitcoin Discussion / Re: A Bug or Fat Finger Reason for the Bitcoin’s 87% Drop in 2021 on: September 22, 2023, 04:51:14 PM
Unlike this one, other cases similar to it are always a bug in the platform. For example I believe it was Coinbase a couple of years ago in 2017 where Ethereum buy order book was wiped clean and some orders are extremely low prices were filled. Later they reversed all those orders and ended the celebration of those few. Tongue
1367  Economy / Economics / Re: India Expands G20 Membership to G21 During Its Presidency. on: September 22, 2023, 02:57:21 PM
A lot of drama is going on behind the curtains. For the last few years, India have been actively trying to move the manufacturing units from China to it's territory with a lot of success being achieved this year. On top of that, China believes that India is the reason why a number of participants have recently pulled out from the Belt and Road Initiative (BRI). And during the past few months, India managed to replace pro-China regimes with pro-India governments in smaller countries such as Nepal and Sri Lanka. China appears to be in the backfoot at this point.
This is the same "global shuffle" I talked about 1-2 years ago, of course back then I mainly focused on the energy field (customers changing, etc.) but it is happening in all aspects globally like geopolitics.

As the Old World Order dies, a vacuum is create where everyone will try to take "their piece of the cake of power". For example over the past decade China is trying to become the new US while India is trying to become the new China. This is exactly why China has been moving into high tech productions and becoming a more serious player globally in matters other than economy while India has been doing what China did 30-40 years ago by getting closer to the West trying to reap the rewards while they can since the West is once again desperate for "allies" just like they were back when the World Order before the last was changing (US vs USSR where China got close to US to reap the rewards and grow).
This is also the reason why we saw India attend G20 like this while China is no longer enthusiastic enough about it.


As for the One Road One Belt thing, the Indian relations and any future trade routs is not going to go against the Chinese thing. You have to consider that the amount of goods to be transferred is too massive to only rely on "one route" not to mention that India is already connected to and will use a lot of the same routes.
1368  Bitcoin / Bitcoin Discussion / Re: Satoshi's Intention/Vision For Bitcoin on: September 22, 2023, 02:25:27 PM
I believe the best way to describe Satoshi's intention for bitcoin is to say he wanted to create "money". Of course we have to know the fine line between money and currency. To put simply, money is a currency that is also store of value. In this world we have no money, everything we have like fiat is a currency.
Bitcoin comes close because of its finite supply but it is still too volatile to be counted as money. But it definitely has the potential to become money.

So, the white paper was marketing. The important info that reveals Satoshi's intentions was in the source code. The white paper didn't mention the 21m hard cap, the 10 minute block times, or the 1mb block caps either, but these details were included in the original source code and reveal a great deal about what Bitcoin was intended to be, and what problem it was intended to solve. 
To be fair you should try to keep such papers as short as possible. It's just a very short abstract trying to introduce the main idea behind Bitcoin. Including details such as time between blocks being 10 min on average is too much information whereas pointing out PoW and the general idea behind it is enough.
1369  Bitcoin / Wallet software / Re: Are blockchain explorer threat to the privacy ? on: September 22, 2023, 02:09:36 PM
Also all the top wallets are publically avaiable as to which address contain how much bitcoins. Sometimes if i also search other addresses, not belonging to me. Also, there will be people who would be using VPN to check the addresses on blockchian explorers. I think that this data wil be a big mess rather than anything useful for analysis.
That's why it is called "analysis" not "foolproof". It's a matter of probability, for example if you and only you check addresses A, B and C multiple times in a month then someone else checks address B once, there is a good chance that all A, B and C belong to you and not the other person.

Another matter that should not be overlooked is the fact that they now know there is a link between A, B and C even if they don't know the real IP address (ie. using VPN).
1370  Bitcoin / Wallet software / Re: Are blockchain explorer threat to the privacy ? on: September 22, 2023, 11:05:29 AM
He told me not to checl my balance through these sites as these are public sites and it can be a threat to your privacy.

I told him that i was putting my public address in these explorers and no one can hack my coins knowing only the public key. Only the private keys needs to be hidden while public keys can be entered anywhere to check the balance or given to anyone if they want to send us bitcoins.

Still he was insisting that you should avoid these explorers. I diagreed but what to know your point of view? What is the harm of checkng your transactions and wallets balances through explorers  Huh
To be fair you are not disagreeing with the warning you were given. Your statements are correct but they are about security and have nothing to do with privacy. Privacy is about your identity, the list of addresses you own which also includes your total balance and being able to link these two together.

When you visit a blockchain explorer, the owners of that site can create a link between your identity (IP address, browser finger print, etc) and the address you checked there. Eventually they can build a database which would determine which addresses belong to you and how much bitcoin you own.
1371  Bitcoin / Bitcoin Discussion / Re: What really is affected by hard fork? on: September 21, 2023, 08:09:23 AM
Technically an altcoin that copies bitcoin is a "fork" not a "hard fork".
Hard or soft are the characteristics of the forks done inside the same blockchain/project where you also remain in that chain after the fork is done. Otherwise if it becomes a separate chain it is an altcoin which can be created through both soft and hard fork. For example right now you can introduce version 3 witness program rules (which is a soft fork) but create an altcoin by forking off to a separate chain.
1372  Bitcoin / Bitcoin Discussion / Re: Securing your digital assets on: September 21, 2023, 07:44:48 AM
Brave browser guys ruined the whole project the day they decided to become regulated and started enforcing KYC on their users. This means as long as there are decent open source and very popular browsers such as Firefox, there is no reason to use something like Brave!

You can freely use Brave browser without KYC if your only goal is to use it for its privacy features and for it to be slightly-more-debloated compared to Chrome. You only need AML/KYC if you want to claim BAT tokens, which I'm sure most people here aren't interested in anyway.
True but if they've accepted KYC, one should wonder what else they have also accepted and have done to the browser. Besides as I said it's not like there is a lack of good other open source browsers that people can use to improve their privacy.
1373  Bitcoin / Bitcoin Discussion / Re: What really is affected by hard fork? on: September 21, 2023, 05:00:09 AM
will older blocks which those nodes of older version assisted in validations be affected aside being separated from the block chain?
Older blocks can not be affected. The effect will be on the new blocks of the hard forked coin.
Technically when you perform a hard fork you can change anything you like including old blocks. For example the hard fork that the shitcoin called Etherum had some years ago effectively modified the older blocks. There have also been some shitforks of bitcoin which modified the chain, allowed spending of old unmoved coins and things like that.
1374  Bitcoin / Bitcoin Discussion / Re: Securing your digital assets on: September 21, 2023, 04:50:45 AM
2. Use secure browsers like;
    BRAVE which you can get from their official page   
Brave browser guys ruined the whole project the day they decided to become regulated and started enforcing KYC on their users. This means as long as there are decent open source and very popular browsers such as Firefox, there is no reason to use something like Brave!
1375  Other / Beginners & Help / Re: The excitement of the bull run news on: September 21, 2023, 04:44:33 AM
Although studying the charts (ie. the history) is a good idea but you should not think that it is always repeating. That's because bitcoin price is affected by a lot of things. For example these days we have the recession that has been keeping the price down then on top of that because a lot of countries like US are increasing interest rates, that sucks all the money out of all other markets like bitcoin into US bonds and stuff like that hence preventing bitcoin rise.

In the upcoming halving we have the interest rate stagnation where they can't increase it any more or if they do, it won't have the desired effect. That means we have two reasons for big rises that won't stop that easily like previous halving rallies.
On top of that as the inflation in US rises with interest games failing, it would act as another fuel for the bitcoin rocket to the moon...
1376  Bitcoin / Bitcoin Discussion / Re: Bitcoin.org indefinitely forbidden from serving whitepaper and client to UK on: September 20, 2023, 02:34:10 PM
One option may be to locate friends or users there and encourage them to distribute the bitcoin wallpaper, but that may also have legal issues against them no?

A way to win this should be made in a technical way, I don't know how, let's ask the real satoshi to sign a text message saying that CSW is a liar… o wait there is a message already signed by old miners no?
The problem is that the scammer is bullying different individuals while exploiting the legal system. These two points you made here are not going to change that because people could already use a VPN or a mirror to get the whitepaper or just never read it (who said you need to also read the whitepaper when adopting bitcoin?!). And also even if Satoshi signed a message and published it on the internet is not going to help at all. He has to come forward and go to the court to battle the scammer! That means revealing his identity (same for Cobra) and it is not going to happen.
1377  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is The Father After All on: September 20, 2023, 02:28:04 PM
where price of Bitcoin will definitely hit a higher price due to scarcity.
Not because of scarcity (since bitcoin supply is always increasing) but because of less new-sell-pressure as miners will have less income and they will be able to sell less freshly mined coins in the market.

Quote
You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.
Bitcoin price rise actually leads to altcoin dumps but what altcoin trades hope for is that as bitcoin starts rallying it will attract a lot of capital, some part of that capital can also go into the altcoin market and help pump some of the shitcoins they are bag holding.
1378  Bitcoin / Electrum / Re: Electrum, Android version! on: September 20, 2023, 02:16:44 PM
In general I dislike having a software to hold and manage private keys, I have always generated a key using a web service for it's randomness and then changed some of it's characters to generate a new key offline
Changing some bits in a possibly compromised key will only make the hacker's work harder not impossible, specially since you said it here, and it may also be something other "victims" did too, the hacker can easily write a loop to check in the same vicinity!

Quote
I'm a bit paranoid, I think every wallet/key generator is rigged with a master key and that they can derive all the funded keys with that master key when they see a tx in block chain.
Being a little paranoid when it comes to security is not bad, but too much paranoia is not healthy either.
You can easily use an open source software which you can check its code and compile yourself; considering you know some python it shouldn't be that hard for you to check out Electrum source.
If that's not enough, check out how you could generate a key using coin flips or a die.
1379  Bitcoin / Bitcoin Discussion / Re: Validation speed for bitcoin transactions. on: September 20, 2023, 05:22:35 AM
Bitcoin transaction fees are the rewards miners get when they verify transactions
This is the part you have misunderstood.

The transaction fees are paid to purchase a portion of the finite space in a bitcoin block.
So when your transaction size (meaning in bytes not in value) is bigger you need to purchase a bigger portion of the block size which means paying a higher fee.
Similarly when there are more "demand" for that finite space than there is space, a competition is formed and people start "outbidding" each other hence the fees go up.
1380  Bitcoin / Bitcoin Discussion / Re: A matter of family conflict regarding Bitcoin. on: September 20, 2023, 05:17:31 AM
Bitcoin is getting more and more popular, and it is labeled with many different stories. I can see many people blaming Bitcoin as the cause of all the problems, but clearly the main problem is people causing them related to Bitcoin.
Exactly, there are already lots of news about domestic disturbance very similar to this case here that have nothing to do with bitcoin. We are going to see a lot more due to the increased economic hardship around the world too. But when bitcoin is involved the propaganda machines start getting active and choose it to spread FUD trying to slow down the adoption which they are too afraid of.
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