Not sure where you live, but in US it only matters (somewhat) if your estate is above 5.45 mil (if you are married, then 2X5.45 mil). In US, only 2 people out of 1000 qualified for an estate tax. on the other hand, those with >10mil already know what to do: trust funds, etc. https://en.wikipedia.org/wiki/Estate_tax_in_the_United_StatesSo if the minority is small enough, then it is justified?  😀 |
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And, to clarify, do you mean "hack the bitcoin private key" or brute force a password the is locking the wallet? Important distinction.
Well what do you think it is? Of course it's cracking the password. Have you ever heard of anyone cracking a private key? I haven't. Being a member since 2011 you should understand these noob mistakes and ignore them. Clearly private keys are impossible (with some exceptions) to crack. But, many new people are asking about cracking the private key and it is important to know the nature of the question before people waste time answering it. If you want to ignore the details, feel free, I don't. |
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BTC HOW TO HACK BITCOIN PRIVATE KEY...I HAVE 2 BTC ACCOUNT BUT ITS BLOCK DUE TO LOST PASSWORD...PLEASE ANYONE HELP ME ABOUT THIS TOPICBTC
And, to clarify, do you mean "hack the bitcoin private key" or brute force a password the is locking the wallet? Important distinction. And amaclin has good points too. |
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I think they are smart! Especially if they bought their bitcoins from the time it was really low like around $200 per coin and held till now. That is 500 percent profits from just holding your coins. $200 price levels was around 2014-2015 which would mean that they only held for three years and they have earned more than 100% per year.
Basing on your calculations it is really right that on just holding bitcoin would really gives good returns on longer years but basing on the high price i dont think it would give the same profits too since $1k price is already high and it cant go to 5000% in just a couple of years. It already has gone up 5000% (much more) in a couple of years, whether it can again, no one knows for sure, but I wouldn't bet against it. I will say that at dollar parity, $10, $30, $100, $200 etc each time many people said "<X> price is already high and it can't go higher". And everyone knows what happened then. |
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It seems someone had found vulnerability in PoW code that cause hacker to generate PoS coins at will & amount they choose.
Is their any expert who can provide any suggestion?
Thanks
This sounds like it is about an alt-coin, not bitcoin. So one suggestion is to perhaps move it to the alt section from the bitcoin tech and dev section. As far as other suggestions, without more detail you won't get much. |
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Should an ETF be approved, more than $300 million of institutional capital will flow into the bitcoin ecosystem in the first week, according to Bogart. This is expected to boost bitcoin’s price.
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If $300 million of new money really flows in during the first week, that will be the understatement of the century. $300 million => ~ 300,000 bitcoins At 1800 newly generated coins per day that is about 166 full days of new supply. Sure, some other people would sell, but that is a huge number for one week. It could also result in a virtuous cycle. Money flows in, people make paper gains, people are happy. This could result in even more money flowing into the ETF. Agreed. But one ETF alone (if the figures hold) is a huge deal. |
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Relying solely on Tor is extremely inadvisable. It is a great step, but hopefully they'll keep stepping up the game.
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Should an ETF be approved, more than $300 million of institutional capital will flow into the bitcoin ecosystem in the first week, according to Bogart. This is expected to boost bitcoin’s price.
...
If $300 million of new money really flows in during the first week, that will be the understatement of the century. $300 million => ~ 300,000 bitcoins At 1800 newly generated coins per day that is about 166 full days of new supply. Sure, some other people would sell, but that is a huge number for one week. |
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It's funny how these regulations are put in place right now, while they could have done all this years ago. Bitcoin how it was back then, isn't any different from how it is right now (functionality wise). These are well planned attacks in the hope that it will discourage traders and investors to lock their money into Bitcoin. I just wonder what will happen if all these regulations are put in place, and after that the price spikes again (because it will spike again). What will the next regulations be, forcing certain limits in how much people can buy in Bitcoin?
You maybe right. People are already talking about imposing limits on bitcoin withdrawal. Then, perhaps, people will just realize there may be no need to convert back to fiat. So this may in the longer term, work against the interests of the globalist authoritarians since once people begin to realize they don't need to convert back, they'll lose more control. Once you have some store of value that has exited the fiat world and is less under their control, why go back? Gold, without the confiscation at the borders problem. |
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Hello, i downloaded Bitcoin QT and purchased some bitcoin from Bittylicious. This was around a week ago and I have attempted the various ways of getting to my BitCoin quicker, eg downloading the bootstrap (still very slow and now stuck on 2 years 47 weeks) i've deleted my entire itunes library to create space (been meaning to delete it anyway) Also i've attempted to export my wallet but to no avail also. I dragged it into the import square on Blockchain and there was no error message but nothing happened. I am no tech wizz and would really appreciate it if somebody could offer me a solution   thankyou Hanna 1. The bootstrap is slower than just running a current client, you shouldn't use that. Whomever is advocating doing so is doing people a disservice. 2. Did Bittylicious send them to one of your addresses you created in Bitcoin Core? Or is it still at Bittylicious? 3. If it is at Bittylicious then you can use a light wallet and create an address use it and send the bitcoins there. Electrum for example. 4. If it was sent to an address created using Bitcoin Core, then you can export the private key and import it into another client and go from there. Assuming you are talking about blockchain.info when you say "Blockchain" that is another option, but many don't recommend them at the moment. |
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I'd agree with that for the most part. As far as "properly regulate it," the answer is easy: don't. Doing so just restricts your country's freedom, but of course that is the goal of the communist party. It’s Impossible to Kill Bitcoin, Says Former Governor of China’s Central Bank
L H Li, former Governor of PBoC and a member of the Financial & Economic Committee at China’s People’s Congress, stated in an interview for CCTV, China’s predominant state broadcaster, that it’s impossible to kill bitcoin. According to a translation by Eric Zhao from the Chinese Academy of Science, Li says: “Bitcoin was built on a platform without national boundaries. If you want to kill bitcoin, it will be an impossible task. So, it will continue to exist. What’s important now is that we should properly regulate it.” https://www.cryptocoinsnews.com/former-pboc-governor-its-impossible-to-kill-bitcoin/ |
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If authoritarian, socialist regimes recognized property rights, this might be stealing, but since they don't and are only after power, this is more along my the lines of a political "crime."
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I was wondering how feasible mining is if I choose not to invest in any other hardware. I have a decent gaming rig dk if i will be able to mine on it.
Bitcoin itself, it is *feasible* from a technical perspective, but not profitable. If you google bitcoin mining calculator you can run the numbers to see. An alt coin, probably, see e.g.: https://bitcointalk.org/index.php?topic=1318921.0 |
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Thanks for the quick response, didnt think it would be disallowed but it is after I skimmed the TOU. If i were to use a VPN + NAT Firewall would the school be able to see I am running a node? or would it all be encrypted?
Thanks
You cold also consider running a node over Tor. That's a pretty bad idea. There are registers with data on tor nodes and tey would be easy to detect that it isbeing used by tor. Like this which took me about 3 seconds to find. I doubt your school's that dumb. 22 is an SSH port, for crying out loud!
The IPs that I use at my school to tunnel past their proxy system are 109, 110 and 230.
I wouldn't recommend using your school wifi to run a node, because it's not practical, it requires alot of upload bandwidth and will get you caught.
If he uses a pruned node, with some fine tuning like giving 1 cpu to the node may make it silent enough, but still, he is true, you can't run a bitcoin node from your school wifi, maybe you can use a webwallet, electrum server, or the bcoin project (node in a browser) if you feel the need to use RPC you can still use bitcore. Maybe if he does it over something like a lunch break then he could just petend he's usingit for something else like watching a youtube video or something although it would look odd that data is being pulled ever minute instead of being pulled instantly. Theoretically if the SSL port is open then you could probably connect through the domain port or just the regular internet port. Running over tor is a perfectly fine idea. Many nodes do it. He didn't mention anything about his school not allowing Tor. So you don't think the school will have provisions for tracking that, just as they have provisions for tracking VPNs? Obviously, if there's a tool that Ican find in 3 seconds to find tor nodes then connecting through it is going to be noticeable and blocked by the school for "protection of students". I said nothing of the sort. He didn't mention Tor tracking so it could be a possibility for him. Hypotheticals are fine, but they are just guesses and without solid information otherwise, all options should be considered. Likewise, it is important to give all the possibilities so that when others read this thread they are aware of the options. |
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Thanks for the quick response, didnt think it would be disallowed but it is after I skimmed the TOU. If i were to use a VPN + NAT Firewall would the school be able to see I am running a node? or would it all be encrypted?
Thanks
You cold also consider running a node over Tor. That's a pretty bad idea. There are registers with data on tor nodes and tey would be easy to detect that it isbeing used by tor. Like this which took me about 3 seconds to find. I doubt your school's that dumb. 22 is an SSH port, for crying out loud!
The IPs that I use at my school to tunnel past their proxy system are 109, 110 and 230.
I wouldn't recommend using your school wifi to run a node, because it's not practical, it requires alot of upload bandwidth and will get you caught.
If he uses a pruned node, with some fine tuning like giving 1 cpu to the node may make it silent enough, but still, he is true, you can't run a bitcoin node from your school wifi, maybe you can use a webwallet, electrum server, or the bcoin project (node in a browser) if you feel the need to use RPC you can still use bitcore. Maybe if he does it over something like a lunch break then he could just petend he's usingit for something else like watching a youtube video or something although it would look odd that data is being pulled ever minute instead of being pulled instantly. Theoretically if the SSL port is open then you could probably connect through the domain port or just the regular internet port. Running over tor is a perfectly fine idea. Many nodes do it. He didn't mention anything about his school not allowing Tor. |
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The chances of the ETF getting approved are low (~25%). The mandate of the SEC is to protect investors, not encourage financial innovation. So most probably, this is going to be a damp squib.
Not necessarily. Just look at how many ETF's have turned into a money vanishing tool rather than a money making tool for investors. Where was the SEC in these cases? Bitcoin has certain risks involved, but that doesn't mean the SEC won't approve it. Ignorance from SEC's side regarding Bitcoin and the effects of a Bitcoin related ETF are the only things that could hold back an approval. If everything is explained properly, where all doubts are more or less turned into understanding of what a Bitcoin ETF is all about, then I don't see how the SEC will not come over with their approval. This. And not just ETFs, see Bernie Madoff while the SEC slept. The SEC won't admit it, but their real role involves two things, make it look like they are doing something to protect investors while simultaneously doing a CYA to justify their budgets. |
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i received 10000$ on my blockchain wallet however when I click on transaction detail for checking value when received it shows 10$ !!
any one know what is this?
Assuming you mean blockchain.info, how do you know you received that amount? As above, the tx id helps |
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Four people have been arrested in Venezuela for using the country’s electricity illegally by mining Bitcoins. Bitcoin mining is a very power-intensive activity consuming many units of electricity a day. Implying that if unpaid electricity is used, within just a few weeks, millions of dollars in power revenue could be lost. Venezuela is a country hit by one of the worst economic downturns coupled with acute inflation, unemployment and food rationing. Recently, the government introduced a scheme whereby it sells subsidized to free electricity to some Bitcoin miners, neglecting other miners. The way miners are selected to receive the subsidies from the government is rather unclear. Some people devised a mechanism which would allow them to use unmetered electricity for bitcoin mining which unfortunately became theft and is punishable under Venezuelan law. You can read the full article here: https://coinidol.com/miners-steal-electricity-in-venezuela/This makes it sound like it was a hurricane, earthquake or some other natural disaster that hit Venezuela when in fact it was the direct result of Chavez and his totalitarian, socialist policies (with a bit of fascism in there troop). With no rule of law, freedom, or property rights, this is the inevitable result. |
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Thanks for the quick response, didnt think it would be disallowed but it is after I skimmed the TOU. If i were to use a VPN + NAT Firewall would the school be able to see I am running a node? or would it all be encrypted?
Thanks
You cold also consider running a node over Tor. |
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3rd-party Micro-payment Providers.
The micro-payment provider can include as many transactions needed in a single transaction with fee, and charge small fee for service.
Wha-la. Plus people can use alt-coins for micro-transactions if necessary. Plenty to choose from....
Voila. Changetip.com (among others) tried that and it was a good idea, but they couldn't succeed commercially. LN is also something that can accomplish this. There are banks and credit cards if we want a trusted third party. |
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