Bitcoin has long moved past Satoshi. And we really don't need nor want him to come back, at least not to assume some imagined mantle of leadership the way Vitalik Buterin has at Ethereum. Satoshi knows that too, and his/her/their appearance and disappearance was every bit as deliberate and done with such delicate planning that it's a waste of time and pointless to attempt tracing.
We should appreciate the motives behind why they/he/she left. And respect them.
Satoshi has long been very mysterious as he/she does not reveal him/herself in the public and that made people become curious of his/her real identity. However, I realized that if Satoshi is willing to introduce him/herself then he/she should have done that already the first time Bitcoin was publicized. We can't really be sure when Satoshi will come out, but I don't think it can help if we continue to dig deeper on his/her personal life, let's just respect his/her privacy. We have to be thankful to him/her for the great opportunities given and for inventing bitcoin by showing our continued support and sincere determination to make it grow bigger and stronger. I think the real obsession was in the first few years when Bitcoin truly entered the mainstream consciousness (as opposed to mainstream adoption). But like you said, if he/she/they wanted to come out, it would have already happened. Everything that has and hasnt happened is entirely by design. Satoshi is still mentioned in over 200 whitepapers (that's more than 10% of whitepapers ever published) according to Blockchair's stats so the memory is still strong, the inspiration still evident. Like I said, the world of Bitcoin and crypto, and of blockchain has moved on. Just as one day fiat currency forgot its origins, crypto will forget. It might even forget Bitcoin. Of course, that day is still far away.
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Yeah, I'm all for freedom of speech, every one including myself, is entitled to an opinion. I know I've spewed my fair share of misinformation every now and then. But it's really irresponsible of Bitcoin Cash proponents to deliberately mislead people, especially unwitting newcomers. Just a couple of posts ago I read about that London company trademarking Bitcoin.
I'm not saying only one opinion counts. Not saying to ignore discussions from camps other than "core". But alternative projects really shouldn't need to sow confusion if their product is superior. Let people judge for themselves.
That said, I also think users are a lot savvier than we take them for. Hopefully, people see through the wool. Early mistakes make for valuable lessons.
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Roughly so. If you compare the calculated hashrate against one of the more popular ASICs on the market, the figure stands at about 2 billion. However, this assumes that suddenly half of the network right now goes rogue and decides to attack it. If not, you would need more than 2 billion dollars since the hashrate needed has to be 51% of the total hashrate (after the attack starts).
Its rather resource consuming and it isn't that big of a problem since none of the government really cares that much to spend their budget on attacking a cryptocurrency. You probably wouldn't profit all that much when you attack; doubt exchanges credits more than 2 billion dollars worth of Bitcoin automatically without raising a red flag.
Exactly. The over $2 billion number is just today's economic cost of owning 51% of the hash rate. For any new entrant to want to take over, the "cheapest" would probably be simply to introduce new hash power... about 101% of all current existing hash power. This would then take this simple estimation to about $4.5 billion, today. even for a 33% attack as Ix suggests, you'd need the full 51% of all current (to own 33% of all)... so that is a very expensive "disruption". I'm saying introduction of new machines is only possible as it would be far too costly and difficult to attempt to take over all existing power... and you couldn't fail taking over a single machine.
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Opportunities for buying at the dip yes, most obvious positive aspect but I would invite you long term speculators and traders to also look at other long term indicators of value.
Consider that despite this sustained shedding of value, the sentiment is still that of consolidation and not full scale sell off.
Consider that this small slope is the extent of a triple whammy of US scrutiny, DoJ probe and overall FUD.
Consider that all of this has not eroded hashrate, has seen increased Lightning Network adoption, has not shoved away investors.
Now, feeling better already?
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Football season is over so thank god for Tennis. Opening my bets with a single parlay on today's French Open matches:
Dusan Lajovic vs Jiri Vesely @1.45 David Ferrer vs 8117Jaume Munar @1.45 Novak Djokovic (-2.5 Sets) vs Rogerio Dutra Silva @1.46
For a 3-game parlay @3.1
Too early for risky underdog bets, and this win will give me some legroom for juicy gambles later on.
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Good you saw that. Hashflare are not the only ones guilty of that, just so you know. Practically every single cloudminer out there puts out an estimator that deliberately misleads you, either by omitting crucial expenses as you found out, or deliberately overestimating profitability by downplaying difficulty adjustments.
Fact is, all contracts, no question, no exceptions, will give out less profits with every other difficulty adjustment. Historical hashrate proves this. It's been gaining steadily, (ignoring the temporary blip around last year's fork) even with low Bitcoin price pressure.
Fact is, all cloudmining promises at best make you profits after many months of anguish. You're more likely to lose money when contracts stop becoming profitable way before expected time.
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This is yet another example of how the industry is so hard for newcomers to break into. You come online and you are bombarded with news and media publications hyping up the so-called unicorns of the industry.
You see Genesis (cloudmining), Bitmain (mining hardware), Coinbase (exchange) all getting into the news every few weeks. Every step they do, every acquisition, every announcement gets the full coverage treatment. So their formal reputations are set: big, famous, successful.
But their infamies are more obscure, only familiar to all of us on these forums. Lousy customer support, poor delivery of product/service, or downright shady behavior and scammy attitudes.
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Looks like I was wrong and Fulham is up. I'll be honest and say I knew nothing of Sessegnon but judging from what I can see about him now, let's hope he keeps on firing for Fulham and not get bought up by a big club who won't use him. Arsenal wants liechtensteiner that makes it clear, that they are not looking for improvment first it's very cheap and very old secondly I don't think their scouts have been watching him in the last couple years because Licht he been ridiculous since 2015\16 season not good at doing anything useful their second target is Sokratis Papastathopoulos I think that if they failed to get the cheapest offer they could go for Sokratis he is not that great Defender but he do not have any flaus. It will be clear twhat destination will be going for Gunners if they went for the 34yo Swiss man.
IIRC he is out of contract this summer or next summer so he'll be virtually free, I get the impression that the new manager is trying to bring some experience and balance to the team. With the low budget that arsenal has this summer, I doubt that we can expect more, their budget is said to be around 50 million euros. I'm really not sure what we can expect from Arsenal. New manager is shrewd but not quite the same way as Wenger. Wenger's always been positive, but it possibly helps at this level to have some cynicism (I keep getting reminded of how Liverpool themselves might have done better with a fair bit of it, and they actually have towards end of season, killing games and lowering their tempo with backpassing, for example). Look at the team Arsenal already have and they're actually definitely not bad for at least Top 5. With fresh impetus, another season above Spurs should be their aim at least.
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Bitcoin has long moved past Satoshi. And we really don't need nor want him to come back, at least not to assume some imagined mantle of leadership the way Vitalik Buterin has at Ethereum. Satoshi knows that too, and his/her/their appearance and disappearance was every bit as deliberate and done with such delicate planning that it's a waste of time and pointless to attempt tracing.
We should appreciate the motives behind why they/he/she left. And respect them.
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Nothing really new nor surprising, though it might be useful to learn that the last Nobel Prize for Economics was awarded to a guy who proved that markets moved in directions that people failed to predict simply because every economic model and theory is based on logic.
And we, people, simply cannot help but be illogical. This isn't new in traditional markets and it's certainly no different in Bitcoin markets far from maturity.
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Some shocking goalkeeping by karius cost Liverpool the game, the salah injury also played a part. It was a very good game, bale should be man of the match without a doubt. Ronaldo was missing from the whole game, really poor from him. Interesting that both Ronaldo and Bale hinted at leaving real Madrid in their post match interviews, hopefully bale comes to Chelsea.
Yeah. I'm obviously very disappointed that Liverpool wilted after Salah left the field. I know it was a huge morale loss and I suppose the inexperience showed... Nothing to complain about at the end of the day. Real frustrated but they were still the better team. I'm proud of the team on a whole, won't even blame Karius even though I think Klopp really needs to say now that he has had enough chances and has blown it at Liverpool. Credit to Mane for giving his team a fighting chance. Won't blame Ramos either even if I felt the arm hold was cynical, he surely meant no harm to Mo. Lost all my bets but still happy with where Pool are. They just need more depth... Lallana and Can as subs showed how weak we are. Keita will improve us but we need so much more backup. @lfc come back safe
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Who wish higher anonymity will use anonymous coins, decentralized exchanges, etc. Government create more regulations to keep more track of what is happening, and that will never stop, but they can't cover everything. I am not an anarchist, but we need better systems, we need new governments, we need to pay more attention on world around us and make system that will be good for all of us. Main thing why I am against governments is because politicians who just care about their own interest, not just them economy is working for people who have a lot of money, and in this times everyone cares just about profit, that needs to stop somehow, just like that we can see better days. We
It's a good teacher, all these developments. Every single move, regulation, crackdown and ban is teaching us one more lesson yet about why Bitcoin was created and we all need to use it properly. I'm not an anarchist myself, but like you, I truly believe in decentralised systems. Not a decentralised everything the way ICOs pretend they want to do, but certainly some governance, economic and social structures deserve this efficiency. That said, maybe I'm the only one reading this a little wrong, but GDPR (and I'm still not sure what OP is referring to but since we're on privacy...) isn't so much about wanting to know who you are but letting you know when someone wants to know who you are. I actually think it's more good than bad - simply because of the "right to be forgotten". Some point to blockchain's immutability as a conflict to this but I tend to disagree. It's not like Bitcoin's public blockchain would ever be used to store that kind of thing, plus blockchain tech already means data can interact without processors/controllers ever needing to interface with them.
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Right guys! Champions League final that I know EVERYONE is looking forward to, yes even you neutrals. Royalty versus Overachievers and I'm backing the underdogs as usual, a title that suits Liverpool just fine. Lots of goals tonight please, and maybe a hattrick for Salah to beat the Liverpool record for goals in a single season?
Only one Bitcoin bet unfortunately for a Liverpool ML win @2.15 (taken ages ago) but a few tasty picks from fiat bookies if any of you like that:
First goalscorer to be Salah pays 19/4 at 888sport, and 22/5 at 188bet. Salah for MOTM 6/1 at 365. Liverpool by 2 goals or more are 9/1 at Betfair and 365.
New players go sign up. 40/1 odds for Liverpool to lift the trophy for new players (Betway).
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Using the automated escrow for the payment on every trading site and this forum as well. Next to that bitcoin payment on regular shopping websites.
This would be actually something really useful for this forum now that you mentioned it! I know Bitcoin isn't the best blockchain for smart contracts... and also realise this was a deliberate design, but I know there is some functionality and it would be nice to have some kind of simple open source smart contract for trustless escrow for Bitcoin. Yes, that would be a huge service with possibly the highest unmet demand. Otherwise, the type of multisig escrows on some marketplaces would also work, but it still requires some degree of trust in that marketplace...
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How silly of me not to remember but there is one final game left that's Premier League related, and that's tonight's Championship playoff to decide who gets to join the big boys in next EPL season! Wolves deservedly topped the table after having the best joint defence (feels a bit salty to say it as they conceded almost a goal a game haha) and best attack, Cardiff will at least ensure a Welsh presence.
I've completely lost touch with what's going on at Fulham since they got relegated 3? 4? seasons ago... I remember only Roy Hodgson taking them pretty far in Europe before... coming to Liverpool eheh.
But I'm backing the Villains to return (they've got JT) and a ML @3.5 is pretty good for me.
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That what's written in the wiki While this address format has been included in some implementations, as of December 2017, the address format is not recommended for use until more software supports the format. source: https://en.bitcoin.it/wiki/Bech32But anyway I will try to use the bench32 + SegWit until I hit an insurmountable resistance. Thanks Ah yes, but that was 5 months ago, when it was certainly the case. And still the case if the services you use can't support it. Bech32+SegWit definitely the way to go for now. Electrum is what I'd recommend, since the client supports spending/receiving either. Blockchair's the most suitable explorer I've found, and it keeps improving with analytics.
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Thanks a lot.
According to the bitcoin wiki I should't use this format until further adoption. Should I crate a new wallet an move my btc over?
"shouldn't" is not the right word to use here. it is basically about when you want to receive bitcoin payments. for example if you want to cash out from a casino that casino may not support Bech32 address format so you are forced to give them another format (the legacy starting with 1 or 3). the best solution is that if you are already using a wallet that supports this then use that anywhere that you can so that you can use the benefits of it such as a smaller transaction size hence a lower fee but also keep another wallet so that you can still receive bitcoin in case you encountered a problem like the payer didn't accept Bech32. I don't think bitcoin wiki would say that... as pooya says it's just advice that you should be prepared that not every service you use will be able to support it yet. It's just as if you've adopted a new format that's not widely supported. No different from upgrading a software for documents in a new format older versions won't be able to read. I still maintain my original pre-Segwit wallet. But I already find I don't need it as much anymore as my SegWit address. Look forward to using only bech, I'd say 2020 is a good date to target.
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Not sure why am too lazy to open the link to clarify but is CheapAir ditching Bitpay or ditching Coinbase? Gotta admit I hadn't known about BTCpay til this post, seems they've been around at least from last November but the website seems to still say the API is compatible with BitPay service? I have the same questions... furthermore when bitcoin lightning network goes live, is anyone converting to Fiat for that?
It'll still have to be a payment processor. No one waltzes into those types of banking relationships or volumes without a lot of setting up and schmoozing. Their ground work is what you're paying them for. Exactly. To be honest, every type of processor will have a very limited lifespan from what I can see. Look at the history of deals with payment processors, especially those linked to debit cards. They go well until the bank/system behind it changes their mind about the relationship. People will just have to eventually stop thinking in terms of fiat, though that day is well into the future.
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How it would be when we have a physical bitcoin currency note? Do they already exist? If created, will it impact the market growth and loose it's value in the market? Any thoughts?
We can say that the physical form of bitcoin already exists. The Singapore firm Tangem issued banknotes of 0.01 and 0.05 bitcoins. Apparently, this firm issued banknotes in the amount of bitcoins that they had. How to walk such coins, while it is difficult to say. However, this case is quite interesting. It's actually the same bitcoin, only in a banknote. I think this does not affect the cost of the bitcoin. In the future, other combinations of crypto currency and ordinary money, bonds, etc. will appear. I feel like op is talking about a much more widely used and accepted form of tender, like how there are US Dollars that are used by everyone in the United states. In particular, he's talking about how cryptocurrency can be used as the currency that spreads beyond just a single country if everyone across the world accepts it. It seems like a really far goal point as of now, but it could happen. Singapore making those banknotes is a step in the right direction, but I don't think it's easy to spend those notes right now. I highly doubt many places in Singapore would accept that as legal tender. That's basically the concept and it is indeed possible. Although, what's the point? The reason why we would use cryptocurrency is basically because it is already a digital currency which strays away from the conventional fiat which is a physical representation of value. Cryptocurrencies tries to change the status quo from conventional physical money to a digital money which is much more secure and convenient to use. Absolutely the only logic I ever wondered why these guys never used. Having collectibles like the Casascius is one thing, but having currency notes bring back down a digital tool to a cumbersome one? Not to mention bringing us back to yet another forced trusting of yet another centralised entity, and a commercial one at that. And removing the ability to verify validity independently. I refer to previous discussion on Tangem: https://bitcointalk.org/index.php?topic=3538132.msg37437460#msg37437460
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I’ll send you & toke some pics & stuff privately too
That's really big of you, guy! Looking forward, safe trip. We have a new song now so Allez Allez Allez for us won't you? The game will be too close to call for me. Obviously Liverpool are the Underdogs but they're going to want it a little bit more I think and Salah has been on fire recently. On the other hand Madrid are going for the three in a row champions league title wins and Ronaldo is going to want that next balon dor so he's going to give everything he's got. If things don't go his way though he can lose his temper easily. IF Liverpool can get an early (or even just the first) goal I think it will be a very interesting match. I don't think I'll play the outrights but might put something on like both teams to score and Salah and Ronaldo to score just to make the game a little more exciting.
I have no choice but to support Liverpool and I already made an earlier outlay for a @2.1 to lift the cup. I'll still want to wait for tomorrow to get a look at odds and props, probably with a fiat bookie though since none of the crypto ones seem to be giving any fancy props. It's a little strange that the odds aren't that much more stacked against the Reds, maybe bookies are losing confidence in Ronaldo? His temper's gone down a bit lately, just still a bit impetuous and he won't play through much pain so you never know the Ronaldo effect. Salah will do his usual to open deadlock, Ronaldo might score but only from a deadball.
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