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News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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1801  Economy / Trading Discussion / Re: Bitmart exchange hacked. on: December 05, 2021, 06:39:47 AM
If there is an exploitable vulnerability in both chains then I guess we'll find that out when it's fixed/no longer exploitable.
$200m sounds like a lot to have been stole from that exchange too so the funds were probably stored in different ways - seems strange you'd exploit an exchange like that and not a bigger one though.

Most attacks seem really shady in this industry until more information is made available anyway - though there's been a history of sketchy people/exchanges in crypto.

1802  Economy / Speculation / Re: Bitcoin will rise or fall. on: December 05, 2021, 05:48:46 AM
I don't think we'll fall much further but I think it'll be much easier to say this around Monday or Tuesday when the market is tested with higher volumes/probably institutions too.

1803  Alternate cryptocurrencies / Altcoin Discussion / Re: What if Bitcoin is overtaken by Ethereum in market cap? on: December 05, 2021, 01:17:16 AM
For example, I imagine it would be like silver flipping gold's market cap, (which is practically unthinkable)  however, this event would forever alter how gold is perceived, especially by new potential investors.

Platinum has done that in value per kilo though it has many of the same properties as gold, is less reactive, more conductive and used as a catalyst in a lot of places.

I'm not sure if perceptions changed kuch with that as gold didn't seem to do too much better out of it. Eth might be different though but I think there would be a lot more caution by institutional investors due to the increased potential for vulnerabilities (because it has extra functions).
1804  Bitcoin / Bitcoin Discussion / Re: Buying BTC anonymously on: December 04, 2021, 10:44:53 PM
If you do some research and find the most common value sent over the xmr network in a transaction then you might get somewhere.

The issue will be that someone might notice $100 being bought and moved twice and then exist as $100-fees in your bitcoin wallet.
1805  Bitcoin / Bitcoin Technical Support / Re: Update Bitcoin Core on: December 04, 2021, 04:05:39 PM
Just back up your wallet.dat - preferably encrypted and on a different drive - and the install the new update and you'll be fine (although you should try to backup your wallet file before you send funds to it).
1806  Other / Beginners & Help / Re: Please, help me understand. on: December 03, 2021, 07:16:50 PM
For appreciating assets, trading and investing will both work so a hybrid of the two will obviously work too.

Most people probably expect the hybrid to take as much time as trading though (unless you're trading something like alerts for % rises and drops as an example).

(there are people who seek investments and holding them because they don't want to think about trading or they have tried to and made a loss - either risk managed or just lost more than they wanted to - and got put off).
1807  Bitcoin / Bitcoin Discussion / Re: Micheal saylor clown on: December 03, 2021, 02:42:34 PM

Why SAYLOR want to be number one ?
People think saylor is important but its a Grayscale ...not Saylor i dont like the all honour goes to saylor...
Grayscale is the boss and own biggest wallet on the market

Surely he's got a lot of control over the money that's invested and when to buy in extra btc to Grayscale, it's probably just a few of them making the decisions too so there's that to consider.



People want to know when they should do things for themselves when they don't want to or are nervous to, some people (like Elon) have found ways to exploit that...
1808  Bitcoin / Bitcoin Technical Support / Re: Tying BTC to PKI keys / certificates on: December 02, 2021, 10:34:53 PM
Well the two main flaws of this system are that:
1. What happens if the person wants the funds that are stored there and don't care for it being there/their keys being a larger target than they were.
2. What if an attacker thinks they'll get more by not emptying the wallet than they will by taking the funds.

Realistically though, it might work and be a good idea in some cases. I could imagine a large security firm putting something on their main signature private keys similar to this (if an attacker can get $10m from that exploit, they might not bother trying to sell the keys on).

1809  Bitcoin / Bitcoin Technical Support / Re: Help recovering 2015 wallet.dat on: December 02, 2021, 09:14:58 PM
I've read the guides and have only found solutions to people with this error after they have already successfully installed the wallet.

The block database is nothing to do with your wallet file, I don't think there would be an obvious error if the file loaded wrong.

Do you have the last few lines of your debug log just as the error started?
Also if you're not far with the syncing process, you can try to run the program with -reindex and see if that fixes your problems.
1810  Bitcoin / Bitcoin Discussion / Re: Banks and Bitcoin- The needed change on: December 02, 2021, 04:44:39 PM
There are also a lot of people who don't trust banks, the same can be said for bitcoin too - especially when banks quietly underwent deregulation in a lot of countries without their consumers knowing.

Crypto has fees, as long as banks keep paying those for consumers I don't think people will care abut using bitcoin as a currency.
1811  Bitcoin / Electrum / Re: BTC stuck in Electrum multi-sig (will pay $1k reward) on: December 02, 2021, 03:26:05 PM
Have you installed the firmware for your ledger nano s? Normally there's a driver or something you have to install to get it to work, ledger will likely have it on their website.

This link contain info on installing the ledger firmware: https://support.ledger.com/hc/en-us/articles/360002731113-Update-Ledger-Nano-S-firmware?docs=true
This is then the one for connecting the ledger to electrum (just in case you get a problem): https://support.ledger.com/hc/en-us/articles/115005161925-Set-up-and-use-Electrum?docs=true





When I try to sign a transaction with Electrum (and then sign + broadcast with Ledger Nano S), it won't work because Electrum won't detect the Ledger Nano S.

Which OS do you have? Newer than 10.14? Does Nano S works correctly with Ledger Live?

They did say they were using Mac.
1812  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin seen as 'Risk On' Asset instead of Gold's 'Risk Off' Status? on: December 01, 2021, 05:00:35 PM
Perhaps the gold price and prices of things similar go up because industries are trying to stockpile what they need too.

Bitcoin may drop because no one knows what will happen when it drops and they're taking too much risk on it. Gold might just be seen as less risky as it's historically proven.

Bitcoin isn't even close to digital gold though... People tout it as that to make it easier to understand and incentivise investment but we're far from there for now and might not reach it on quite a lot of properties (bitcoin lacks physical uses and is easy to split - it'll end up somewhere between gold and cash if it matures enough).
1813  Other / Beginners & Help / Re: Lack of NFT technology on: November 30, 2021, 04:29:10 PM
Eth 2 will sort fees out.  Hopefully.

Why have hope when you can just move to a cheaper chain? It seems like a thing that's been promised for a while and never actually done, who's storing the eth chain when it's a few petabytes in size also (unless that's why they're switching to PoS)?

Vast majority of them are still browser-style crap, but soon AAA stuff will start coming out, when major game studios realize the potential to make even more money that way.

OK so the gaming industry is slow but I don't think it's that slow play to earn is probably something that'll take a while to come out, most mmo games ban you from selling stuff anyway in their terms (I think it requires extra licensing).
1814  Bitcoin / Bitcoin Discussion / Re: Newb question about torshops mechanics on: November 30, 2021, 03:22:02 PM
They'll make a new address for every customer they have yes but the mechanics of how this might be done can be different per place.

The simplest is creating an address and private key pair every time a user registers and storing that address with them in their account (they're all less than 40 bytes so it's not too much to store - two million is only 80 MB).

The second alternative some places kufbt use is by using the bip32 derivation to get a master private key and master public key pair. These can be used similarly with limits set things such as "only let 1000 people have an address that uses this key before getting a new one" and then set a number next to the users' database entry so they know how far down the key must be indexed to get their address.
1815  Bitcoin / Bitcoin Discussion / Re: How to accumulate more bitcoin other than buying with FIAT. on: November 30, 2021, 03:11:47 PM
Trading altcoins to then exchange them for BTC, isn't that right?

That's one way to go about it but now isn't a great time to start doing that I don't think. Lots of people trade patterns with altcoins for when the btc dominance fluctuates - a few patterns repeat themselves 3 or 4 times before they're obselete too (don't risk too much on this though either 10% is probably the most you'd put on even if you're confident)...

How are people accumulating more bitcoin other than buying it with fiat?

I've seen people try to do scalping and other things to get more bitcoin but that might be riskier than day trading with it.

There used to be a lot of people who had sizeable amounts of bitcoin that would go around claiming faucets (which might be some way to accumulate). Or find a service to sell or something (especially if you enjoy it already).
1816  Other / Beginners & Help / Re: Is there a fatal flaw in bitcoin? on: November 30, 2021, 02:52:04 AM

Once their is no more reason to mine, the hashing stops.

The transaction, the transfer of one bitcoin to another is what the hashing is doing by the miners.  The miners are the ones that keep the network moving.  When the hashing stops, when the mining stops, when there is no more bitcoins to mine, the system falls apart.  



Unless bitcoin doesn't get used for a while though, there would be no reason to stop mining collectively as miners can still collect fees from people sending funds across the network (as they already do now).

Also full nodes propagate the blockchain across the network and verify transactions.
1817  Other / Beginners & Help / Re: Is there a fatal flaw in bitcoin? on: November 30, 2021, 02:08:46 AM
Miners are paid via a reward for finding a block yes, but they're also paid transaction fees - you pay a fee whenever you send bitcoin and this gets rewarded to miners.

This fee on it's own has been fairly big, the last block had 0.023btc in fees - which seems smaller than it has been: https://btc.com/btc/block/711888
That's still $1.5k (today, potentially a lot more if bitcoin continues into the 2100s) and an incentive enough for some people to mine/keep mining.
1818  Economy / Economics / Re: Another One Bites the Dust: Entebbe Int. Airport falls to China's Debt Trap on: November 29, 2021, 05:21:33 PM
There was also the issue of proper scrutiny and due diligence on Chinese loan deals on the part of country leaders before they affix their signatures. The insinuation is that debt deals are signed without carefully looking at the terms and conditions detail by detail, thereby resulting to the loss of sovereign assets.
People only really ignore terms and conditions if they don't expect them to be enforced though so it's quite strange they wouldn't bother?

Personally, however, I consider this as a side issue. If these Chinese loan agreements have questionable and unfair clauses sneaked into them, these Chinese banks are obviously entering into deals without good faith. In other words, all these Chinese loan offers boil down to a single motive, and that is domination.

Well, other countries' banks could always try to compete with Chinese banks on that. I'm surprised North American and European banks haven't yet, they've normally overleveraged themselves on something by this point.

(although vaccine producers have been blamed for doing similar recently).


Quote
Beijing then drafted a document describing plans to build a special administrative zone and requested a 100-year lease of a 1,076-square-mile area.


They've learnt from their own colonisers on that one... Sounds like the agreement the UK had for Hong Kong (1,063.70 sq mi - Wikipedia). That was returned though at the end of its lease, perhaps China plans to extend their lease in places that will agree to it.
1819  Other / Beginners & Help / Re: Lack of NFT technology on: November 29, 2021, 03:04:35 PM
My last eth transaction cost $250 though Sad.
1820  Bitcoin / Bitcoin Technical Support / Re: what is data size of a transaction? on: November 29, 2021, 02:45:27 PM
Quote
miners prefer to include smaller transactions.
This isn't accurate: miners prefer transactions with the highest fee per (v)byte. The size of the transaction and total fee aren't relevant: Bitcoin block space is scarce, miners try to fill it with the transactions from which they earn the most.

They will try to make blocks as efficient as possible thought by including smaller transactions that don't pay as much per byte if they're only a few bytes in size and have a small amount of space to fill (in my experience this seems to happen anyway) - at most it'll only be a few per block.
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