I would like to read some feedback about the proyect, i know lot of things could be better, but this is just the start. Enjoy it!
Amazing work man! Checking provably fair bets sometimes can be a pain in the ass but not with your tool! Well done, do other great tools if you can  |
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Many people just hoping that owning bitcoin can help them to became rich someday for just simply holding it for long time.which in reality no one knows can give exact prediction on what will going to happen in the next more years there is also possibility that opposite thing will happen.
the problem is that they have misunderstood what bitcoin is going to save them from. they think it is here to save them from poverty by giving them fiat profit but the reality is that bitcoin is designed to save them from corrupted centralized monetary system that is controlled by the banking cartel and has driven the economy to the ground a couple of times already. We have been discussing this over and over here on BTT and everywhere. I am no longer worried about those who simply don't get what bitcoin is about. And actually I don't care anyway as I have spent so many hours to study the bitcoin protocol. And, jeez, I loved it! “If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry. https://bitcointalk.org/index.php?topic=532.msg6306#msg6306BTCBTCBTC |
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That meme is so true. And I have to admit that I was stupid enough to follow the trading advice queue. Not anymore, full buy, hold, and forget now. @JJG Your adjusted dca strategy might be a good fit for my needs. Thanks |
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I implemented an optimized ECDSA verify for the secp256k1 curve used by Bitcoin, based on pages 125-129 of the Guide to Elliptic Curve Cryptography, by Hankerson, Menezes and Vanstone. I own the book but I also found a PDF on a Russian site which is more convenient.
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I am celebrating this post because today the patent covering this idea has finally expired, and this is going to be activated in the next bitcoin core release. Thank you to all the great minds who contributed to this. Link Yeah man, if you really think about it there is no doubt that those earlier contributors working on making the bitcoin protocol better were some of the smartest and greatest minds around. I personally did not know this. There is always space for learning Cheers Hal et al. |
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Don't get me wrong, for what it's worth, to me they can collapse. We don't need no Bakkt (or CME).
I disagree here. Every instrument useful for Bitcoin price discovery is more than welcome in the market arena. Even if it is used to induce volatility or price manipulation. Market has to be proven resilient to such (weak) attacks to demonstrate Bitcoin as a reliable Store of Value. Stress test is important, and we cannot rely on regulations to protect investors as in traditional markets. That's good not to be on the same page. I keep my position: I don't think these instruments are necessary. As the future markets worked like a handbrake for gold, they sure can do the same to bitcoin. I guess the following article summarizes what I would like to express. Have a read https://medium.com/swlh/will-the-futures-market-do-to-bitcoin-what-it-did-to-gold-b7d35704641 |
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Last week was new record as it was expected. But It is funny to see how 8 weeks ago volume just made a leg up and now is way higher same as it happened after first 4 weeks in last November. Wonder when we wil see another leg up. To over billion or several billion weakly volume.
[img widht=200]https://pbs.twimg.com/media/EiYIBtcX0AARJP8?format=jpg&name=900x900[/img]
Bakkt really need to scale up. If you look at overall futures volume they are well behind all other exchanges. They are tiny even compared to their main competitor CME. I might be wrong here, but I think they needed to be more relevant in terms of market share at this point (not to mention their options market, or rather lack of) Yes, they are losing ground. Bakkt started like the non plus ultra of the Bitcoin futures world and look at it now. We can agree that the market is still in its early stages but, as you pointed out, I expected more from them. When the next bull run will start, I'll be curious to watch their market share. Don't get me wrong, for what it's worth, to me they can collapse. We don't need no Bakkt (or CME). |
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Maybe this is the start of what it's going to take for there there to be arrests over some of the more extremely scammy shitcoins.
Authorities will look the other way when it's all niche idiots ripping off other niche idiots. Start defraud retail investors and eventually they'll hit someone with political clout and a taste for vengeance.
I would not be so sure they will be able to make such distinctions and, in any case, this paves the way for more and more regulations. Once regulated, always regulated. We are really losing touch with the original intentions. Getting dissatisfied, sorry. |
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I was very much excited about a bitcoin ETF in 2015/2016. Now I am not! I'd say the old financial zombies are trying to suck some vital elements from bitcoin and I agree with Lucius' post which shares theymos' comments: too much regulation is coming to bitcoin.
I think the protocol itself is safe as we speak, as there's no single point of failure and censorship resistance is still in place.
But, again, I hate Wall Street coming to our land. my 2 BTCsats
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Do you know what's the real issue here? People are in for the money, not the tool. Tell me how many average Joes you know that could explain you how Bitcoin works in details. If you are lucky, they probably have bought their first btc on coinbase or else and they keep them in there.
I think that privacy and freedom are two of the main reasons I am here but not everyone sees bitcoin that way. At least this is the way I see it.
Bitcoin is a difficult topic at the crossroad of many different fields of human knowledge. Everyone approach this subject from their favourite angle (be it investment opportunity, scalping tool, un correlated financial asset, privacy MoE, Fiat collapse hedge or any other use thesis). So I think it is legitimate people approach bitcoin in what could look to “us” as a naive way. This is a “static” picture of the situation. What is relevant to me is the “dynamic picture”: the important thing is how many people stay on the surface of bitcoin (like leaving their coins on the exchange, for example) compared to how many are actually going down in the rabbit hole. Bitcoin needs spreading of knowledge to empower each user the full array of possibilities granted by bitcoin for he first time in history. Ths is the ultimate goal. I spent countless night hours to study the Bitcoin protocol, I know what you mean. Elliptic-curve cryptography, economics, game theory, distributed systems, networking etc. are only a few of the topics I had to put my head on  Everybody will approach bitcoin from their respective angle but, sure as hell, I am here for freedom!  |
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@nutildah Apologies accepted. Let's move on. @nullius You explained the sense of my original post better than I could possibly do. Only one thing to you as well: let's move on too. As you said this is the last place in the world to have an open debate regarding how the world is becoming a worst nightmare compared to those envisaged in 1984/Brave new world. Because, if you ask me, both Orwell and Huxley were right. For the sake of respect for everyone else I will stop commenting those topics in this thread. |
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tl;dr Privacy tools are fantastic, but don't expect them to be useful when you want to cash out from exchanges.
I know. This is the core point of the question: exchanges are required by a law to do forensic analytics on your transaction before the transaction with them, or even after you exchange with them. This is detrimental to everyone right of privacy. What would happen if everyone would use coinjoin or pay join while using their wallet? Those requirements would be inapplicable and the government would stop, for the sake of business, asking stupid or dangerous questions. Do you know what's the real issue here? People are in for the money, not the tool. Tell me how many average Joes you know that could explain you how Bitcoin works in details. If you are lucky, they probably have bought their first btc on coinbase or else and they keep them in there. I think that privacy and freedom are two of the main reasons I am here but not everyone sees bitcoin that way. At least this is the way I see it. |
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This means grayscale is profiting, from management fees only, no risk, no question answered, roughly 1,200 BTC per year, or 24 BTC per calendar days.
I am open to be taken for a fool......but 1200/365=3.2876. Am I right? It can't be 24 btc per calendar day otherwise it should be 24*365=8760 So management fees profit per day is roughly 3.28 BTC. Huge and decent profit anyway, no questions asked. You are absolutely right. I had to rush a bit the post and ended up forgetting to properly edit on the final version. They hold 430,000 BTC, a management fee of 2% means 8,600 BTC per year, this equals to almost 24 BTC per calendar day! Don't worry it always happens when we need to rush things. Wow! That's a lot of corn! 24 BTC per calendar day is unbelievable. We need to think some sort of service like that, I believe even 0.24 per day would work Thanks for sharing your work |
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This means grayscale is profiting, from management fees only, no risk, no question answered, roughly 1,200 BTC per year, or 24 BTC per calendar days.
I am open to be taken for a fool......but 1200/365=3.2876. Am I right? It can't be 24 btc per calendar day otherwise it should be 24*365=8760 So management fees profit per day is roughly 3.28 BTC. Huge and decent profit anyway, no questions asked. |
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Don't be lazy and don't do the error of facilitating weak heuristic enforced by chain analysis company using sub-par practises.
In Europe, under AMLD5, if one has to use whatever exchange to go in and out of fiat then expect to be asked for the infamous source of funds. If we are talking peanuts there shouldn't be many problems but for large sums expect to be scrutinized like hell. I believe all our privacy tools are good only into the bitcoin world: if we do real p2p btc txs or if we use the LN, for instance. The moment we link that to the fiat world, unfortunately, all those checks are inevitable. Exchanges do real-time monitoring nowadays and every tx is flagged: they mixed analytics services and chain analysis tools to understand where your btc have originated in the past. If there's no link between your documentation and their analysis, game over. tl;dr Privacy tools are fantastic, but don't expect them to be useful when you want to cash out from exchanges. You can find more in the thread where this got discussed https://bitcointalk.org/index.php?topic=5064006.msg54587031#msg54587031 |
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@nutildah Of course I watched it. It was not my intention to promote any sort of propaganda (which I was not even aware of). Having said that, everything sparked from v8's warning sign posted a few pages back. To me the stay home mantra is kind of similar to another form of consume, obey, conform. I will translate it for the times: Do smart working from home (stay home) Keep moving the economy (consume and spend your money) Keep social distancing (conform). Isn't it sad?  |
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If we limit ourselves to value the bitcoin price in dollars (or in any other fiat currency, it does not matter) fees will always be high. Some of you don't know that when bitcoin started to become more popular fees were super high (if you think of their fiat value today). (picked one tx with BTC0.03 as an example) This all fees drama is simply subjective. Perhaps, one day we will be storing our wealth in the most secure network available and there will be no need to move your wealth unless truly necessary. Take gold for example: do you know what it takes to get some gold bars out of a physical vault? Remember, when bitcoin price will go to the moon that's the sign that fiat currencies eventually lost their value against the most ingenious asset ever created by humankind. |
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REMOVED IMG  I guess Mr. Carpenter was way ahead of the times. Unreal. edit: to avoid any possible misinterpretation I will leave the original movie image only. |
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If you use a top exchange, your bitcoins will be found. Once my 500 dollar TRON coins disappeared. The support team helped me. This can take a very long time. My coins were returned to me after a month. When choosing an exchange, you need to be very careful.  You truly don't get the message: the funds you held on ANY exchanges are NOT yours. They belong to the exchange since they control the keys to let you transact with your balance. Right? You only have a balance on the screen which says the exchange owes you something. But if they are ever lost or stolen, you are done. Say goodbye to your coins! Again: Not your keys, not your coins |
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Remarkable recap! Nothing to add really! It's going to be like you said, at some point the elephant in the room will destroy the room itself and those two scenarios you're envisaging are the most likely ones. I know which side I want to be on if anything bad happens (I am out of merit, but I'll keep some for you to merit this post). Thanks. |
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