Bitcoin Forum
June 20, 2024, 10:16:37 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 [97] 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 ... 1157 »
1921  Economy / Speculation / Re: You wanted decoupling, you got it. on: June 19, 2023, 06:07:21 AM
As the name of the topic says, everybody wanted decoupling from stocks a few years back,
There was no coupling to be decoupled! This is also not the first time bitcoin charts look nothing like the stock market charts. The most recent one is the 110% bitcoin price rise from January to April while something like S&P only went up about 3% and something like NASDAQ got dumped -13%.
The oldest one was also a few years back, the same time people were talking about "correlation" was when bitcoin started shooting to the moon from $3k bottom while the stock market continued dumping during the COVID19 Pandemic.

Quote
because the general trend was that Wall Street is manipulating the price.
The actual trend was bitcoin market manipulators were manipulating the price by convincing weak hands that whenever US stock market dumps they should also panic sell their bitcoins. Which they succeeded in a lot of occasions to cause panic sell each time US stock market dumped over the past couple of years!
1922  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: June 18, 2023, 04:21:58 PM
Therefore, it is very strange to hear that, while defending their country, Ukrainians are fighting for the United States, and not for their freedom and independence.
It's pretty simple, wars aren't won against invaders if they are fought in your own country. They are won if they are fought in the enemy territory. But Ukraine does not have the permission to do that. United States is simply not allowing Ukraine army to attack Russian mainland and infrastructure such as airfields, weapons factories, etc. They neither give Ukraine any weapons capable of doing that nor do they allow them to use what they already have (fighter jets and some medium range rockets to hit Russia). The only thing US allows Ukraine to do is to fight Russia in Ukrainian soil with strategies that would only prolong the war not win it such as delaying the counter offensive for so long that it became a nearly impossible task.

Historically speaking, such invasions can only end when the invader's home is threatened. The most recent one is the invasion of Yemen. For about 8 years the US-Saudi coalition was doing a hundred times worse thing to Yemenis as Russia is doing in Ukraine. The invaders were forced into a ceasefire and withdrawal immediately after the Armed Forces of Yemen started hitting them in their homes (airfields, oil facilities, weapons storages, etc.).

This is just one of many reasons why this is an American war. Many of the US officials have already admitted that this is a war they've started and they are dictating how it goes since it is an "investment".
Not to mention that this is exactly the good ol' Nixon Doctrine, word by word.
1923  Economy / Speculation / Re: BTC Sentiment Poll for June on: June 18, 2023, 03:19:16 PM
It's interesting to see where our support line is, and currently it is still $25k, we have retested that line and yet it covered nicely and it did bounce to $26k++. So we recovered from that critical level. And I think we are still going to be very bullish in the long term.
$25k has proven to be a decent support that is not going to be broken that easily (I mean break and stay below). As for the trend bitcoin will always be bullish in the long term but the question is about the time it would start entering the bullish trend. For now I don't see the sideways trend changing and I still believe it is all about the overall global economical situation which is "severely strained".
1924  Bitcoin / Bitcoin Discussion / Re: what is the solution to traffic congestion on the bitcoin network? on: June 18, 2023, 12:22:01 PM
The solution to any problem is to first find the reason for that problem (the root cause)!

In this case when people are suggesting bigger blocks or second layer or etc. they are ignoring the main reason for the problem. The congestion and the resulting fee spike was because of the Ordinals Attack, as some users pointed out. This means the solution to this particular problem is to find a "fix" to prevent the attack itself. Otherwise even if all transactions were to be moved to L2 for instance, the fees would still be high because the spam attack will continue.
1925  Economy / Economics / Re: Hong Kong to allow banks to accept crypto firms as client on: June 18, 2023, 12:08:56 PM
Hong Kong will soon attract huge investments
Meh. This news is not big enough to lead to attraction of "huge" investment. Not to mention there are two other reasons why this statement is not true. First is that this is more about regulation than adoption, which means more restrictions and monitoring, specially considering the attitude of China towards bitcoin. It is not like they adopted bitcoin as legal tender.
Secondly in the current economy, with recession and everything, high risk investments (which the crypto industry falls under) are very rare and if they happen they are going to be small. Also one of the reasons why bitcoin price hasn't gone to the moon yet.
1926  Economy / Speculation / Re: [POLL] Should the Fed stop raising interest rates? on: June 18, 2023, 04:39:17 AM
You are asking the wrong question. The real question is "can" they stop raising the interest rates?

The answer is too complicated because the choices are all bad. If they stop raising the interest rate, the inflation will start climbing up faster, specially since the oil rich countries are keeping the price up for that exact reason (like the recent production cut by the US cash cow Saudi Arabia!). High energy price will keep the inflation high in US without high interest rates.
On top of that we also have dedollarisation that is sending all the trillions of dollars of unbacked printed dollars back to America and their resulting inflation. In other words if they stop increasing the rates, we'll start seeing what printing fiat really does to the value of it. And dedollarisation is just getting started and is currently on a small scale but it is growing...

On the other hand if they keep the interests high and increase it more, the recession will grow and ruin the economy slowly but surely. Not to mention that it will destroy "production" as it would cease to be profitable to produce anything in US.
The other bigger problem which is showing itself in the long run, is the defaults that will increase over time as people won't be able to afford to pay their debt. This could lead to more banks collapsing too.

The only way forward for US is to find a way to bring the oil price down to somewhere around $30 which is impossible without stopping the war with Russia (and a bunch of other things). Even the release of the US strategic reserves (which are at the lowest at this point and will take years to refill) couldn't help bring it down that low and this year US won't have the same reserves to release and bring the price down as we get close to winter...
1927  Bitcoin / Bitcoin Technical Support / Re: Transaction error on: June 18, 2023, 04:30:44 AM
And the OP has not come back. Not wanting to be 'that guy' but going to be him anyway. Should we start adopting the same policy of the scam accusations section where we encourage people to post TX and other errors in a standard(ish) format?
Isn't the sticky topics here like this one enough already? Newbies aren't paying attention to that already, and I don't think any additional "policy" would change anything.
1928  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: June 17, 2023, 06:20:12 AM
The Russians really had time to prepare their defensive positions well.
That's what I said and that is the reason why Ukraine should not have let Russia to build defenses up and making any penetration into the defense lines nearly impossible.

Quote
The Ukrainian command, unlike the Russians, takes care of its soldiers and therefore acts cautiously.
The news and stats coming out, although unreliable, are telling a different story. What I've seen is both Russia and Ukraine fight the same way with high casualties.

Quote
It did not make sense to do this before, since the equipment was slowly delivered, people were trained and, moreover, because of the constant rains, it was rather difficult to implement.
The same situation with lack of training, rainy terrain, slow equipment delivery, etc. all existed on both sides with the difference that at that time Russia was advancing and Ukraine was listening to US and not attacking their weak positions at the time. Now they have to attack much stronger positions that are greatly solidified.

Quote
The result itself is important and it will appear in the next few months.
We can be hopeful but this is not the first time a statement like this is being made. At the beginning of this invasion they were saying similar things that Russia will "end" in a few months.
As I said many times in the past year, as long as Ukraine is fighting for United States instead of for Ukraine, this war will not end. It will continue in a deadlock that is meant to slowly weaken Russia over at least a decade.

I guess only time will tell if this time is really different or it's like before...
1929  Economy / Economics / Re: I thought there was an egg shortage. on: June 17, 2023, 05:49:28 AM
We are in the provinces, but we have tons of poultry here, so the price is still the same.
It is not always about the number of poultry but the production cost. These poultry "farms" need electricity, heating/cooling, vaccination and most importantly food. Due to inflation and energy price rises the production cost has gone up everywhere, on top of that because of the food crisis the animal feed has gotten more expensive over the past year (despite the ups and downs it is still more expensive compared to 1.5 years ago).
This is why the egg price has gone up in most countries.
1930  Bitcoin / Bitcoin Discussion / Re: Quote prices in Bitcoin or Satoshi on: June 17, 2023, 04:52:24 AM
Why choose between one or the other? Why not use both?
We still live in a fiat dominated world and goods are priced in fiat. So your website should show the prices in terms of fiat (which is more stable too) and then include the conversion to bitcoin on the side. In addition you can provide the option to switch to a different representation of the value in bitcoin, satoshi, mili/micro satoshi, etc. So the customer can see the prices in what they feel more comfortable with because no matter what option you choose, some people will like it and some won't so it is better to have more options.
The choice could also be stored in their account (assuming they make an account to purchase) or in a browser cookie if they don't so that it could be reapplied in future visits.
1931  Bitcoin / Development & Technical Discussion / Re: Theoretically We Already Broke Bitcoin And Any Security Bits For Once on: June 17, 2023, 04:08:14 AM
but to say that theoretically its not fully impossible to generate a key that did indeed existed.
If we want to dot all the i's and cross the t's, the chance of finding a collision is never absolute zero, that's by design. But the chance of it happening is so small that it might as well be zero because realistically it will never happen.
1932  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: June 16, 2023, 12:11:47 PM
It is likely that Ukraine will not be able to defeat the Russian army
That's what I said from day one of this conflict and the reason is not that they can't or don't have the means, the reason is simply because the Armed Forces of Ukraine is now a multinational army with troops with little to no training and no coordination and no love for Ukraine (since many of them aren't even from Ukraine) and most importantly they are obeying United States and are fighting for US (part of Nixon's Doctrine).

Take the recent failure of the counter attack. It failed because they waited too long (or rather ordered to wait too long by US). That wait gave Russia more than enough time to solidify its position in the occupied regions, transfer equipment, spread mines in routes leading to their positions, increase the firepower (shells, etc.) that could bomb any progressing forces in the flatlands of Ukraine.
What they should have done was to blow up the Kakhovka (?) dam a lot sooner and started the offensive from the northern river bank to cut off supply routes and even gain access to Crimea.
Blowing it up now is not helping since there is a long way to go and the progress is met with constant shelling and mass casualties!

Quote
I don't know what this will lead to in the end, but the prospects for both countries, in my opinion, are very negative.  Compared with this circumstance, economic issues - the export of hydrocarbons, etc.  - fade into the background.
There is a good chance that we are going to see another wave of food crisis soon considering how the exports of grains have dropped and most importantly the fertilizer shortage of the past year is going to show its effects this year...
1933  Bitcoin / Development & Technical Discussion / Re: C# or C/C++ code to convert Bitcoin brainwallet to public address on: June 16, 2023, 11:56:41 AM
Sure, it's possible, but to rephrase my question: why isn't it standard already? I mean, the last C standard was published in 2017, long after Big Integers became a need. And still, the largest standard integer you can define is 64-bits long.
I suppose it is because of hardware limitations. We haven't really improved a lot of things in CPUs, x64 was released 30 years ago and there is no x128 on the horizons or for example core speed (clock rate) hasn't really improved for decades (we just get more cores to have faster CPU).
Our hardware simply can not handle integers bigger than 64-bit (no bigger registers). So it has to be implemented using smaller chunks which is what loads of existing math/arithmetic libraries do so I don't think the standard itself needs to have them.

However, many languages have added the bigger integer types. You already know the one in C++, there is also Int128 in dotnet. It took them 7 version of core and at least 5 years to implement it and as you can see it doesn't do anything special, it uses 2 UInt64 limbs and the arithmetic is a bunch of branches handling the overflow which is not the fastest thing.
1934  Bitcoin / Bitcoin Discussion / Re: Are you tired of waiting for the jump? Pls Hodl on: June 16, 2023, 11:32:33 AM
Technically you shouldn't buy bitcoin to make profit Tongue
Bitcoin is not meant for profit making, it is the only decentralized money that is created to give you financial sovereignty. In fact if you ask me the reason why price hasn't been going up similar to a couple of years ago is because the adopters have changed from those who believe in bitcoin to those who want to make a quick profit. Which is why they panic sell at the sight of first bump in the road and create a sell pressure preventing the rise.

Of course we can't talk about bitcoin price without mentioning the current ongoing economic crisis in the world specially the recession in the West.
1935  Other / Politics & Society / Re: Iran is about the get enough Uranium for a nuke thanks to Trump's "great deals" on: June 16, 2023, 09:19:49 AM
Is that really how you think it works?  That Iran is just trying to build one single nuke and it's silly to worry about it because it's just one nuke and the US + allies have thousands? 

I'm honestly curious if this is actually something you learned from somewhere or if you just kinda of said it because it seemed like a good argument and you just didn't really think about it. 
That's what 90% the dumb articles in mainstream media over the past 2+ decades have said: "Iran is about to build a nuke in 2 weeks". Cheesy

Quote
So Iran was genius to make it only about 'nuclear topic', but I'm wrong because it actually wasn't about preventing them from getting a nuclear weapon?  Or am I wrong about the timeline?  Either way your points can't all be true.
It's pretty simple, if they wanted to build nukes, they would have already done it. Specially since Iran is a member of NPT and according to article 10 Iran has had enough legitimate ground to build nukes for the past 4 decades.

As for what I explained if you check out history and the chain of events you'll realize how accurate the summary I posted above is. I could break down the 4 decades of history if you'd like.

Quote
Wrong. 

You should read the actual agreement instead of regurgitating rhetoric.  Here's the section about cooperation regarding Irans Civil Nuclear programs (energy production,medical, water treatment, research, etc.) https://2009-2017.state.gov/documents/organization/245322.pdf
Have you ever heard the "politicians promise"? That's pretty much like that. It doesn't matter one bit what the text says, the only thing that matters is the actions. It's like a politician who promises you anything just to win the election but then forgets all of it after the win.

The PDF you linked is filled with sections that Iran fully complied with (as approved by IAEA, US itself and other members of JCPOA) and all the sections that other members did not in return.
Take section 5 for example. Arak facilities should have been modernized right? Wrong, it was shut down instead. No technology or assistance of any kind was given. The whole agreement is filled with these things.
Not to mention that one of the main goals of JCPOA which was the only reason why Iran entered it in first place was to lift sanctions but in reality not a single one was ever lifted. Instead after JCPOA sanctions against Iran increased to over 6000 in about 3 or 4 years starting from 2015 when it was signed, as I said Iran was complying with JCPOA 100%!
1936  Bitcoin / Bitcoin Discussion / Re: Is This the End of Crypto? This U.S. Congressman Hopes So... on: June 16, 2023, 08:13:52 AM
That's good news although it is not new. The more individual countries push back against bitcoin, specially a country like US where the hashrate has grown to non-negligible amounts, the better it would be for decentralization.
It's like China, the fact that the government continue placing more restrictions on bitcoiners helped spread the hashrate around the globe in addition to other bitcoin related businesses like exchanges.
1937  Economy / Speculation / Re: This year is dumping ground for bitcoin on: June 16, 2023, 08:08:51 AM
All the time being this year has not really record a tangible price increase
I strongly suggest you take a look at the charts sometimes!
This year price started around $15k and reached $31k which is more than a 100% increase and even after the drop price is still higher than the price we started the year with (ie at $25k which is $10k above it).

Quote
that's why people are dumping bitcoin for now.
What's your reason for saying this? Just because price is not increasing 100% every month?!

Quote
or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.
Now I'm wondering whether you are trolling Cheesy
1938  Bitcoin / Development & Technical Discussion / Re: C# or C/C++ code to convert Bitcoin brainwallet to public address on: June 15, 2023, 04:51:47 AM
You just define the data structure as array of bytes (byte[]), with known length and operate on it as it is.
FWIW Using bytes (ie. 8-bit unsigned integers) is the least efficient way of storing bits and also for performing arithmetic since after all you are performing them on 8 bits at a time whereas bigger primitive types exist that can be used to perform arithmetic on more bits like 32-bit integers ({U}Int32) and 64-bit integers ({U}Int64).

Of course in terms of performance many depends on the CPU architecture and not always using 64 bit type could be faster than using 32 bit type - could be opposite if machine is 32bit.
Regardless of the architecture, using 64-bit types may not always be the best option considering that you have to handle overflow and specifically the multiplication is going to be tough if you are using a 64-bit chunks.
This is why in libsecp256k1 something like the field element is implemented using 64-bit integers but only 52 bits of each limb is used, the remaining 12 bits are there to handle overflow. That is radix 252 representation of the 256-bit integer.
1939  Bitcoin / Development & Technical Discussion / Re: Vulnerability: The curious case of the half-half Bitcoin ECDSA nonces on: June 15, 2023, 04:19:37 AM
could I find something useful about a low range key such as a puzzle transaction challenge key with exposed public key?
You can not find private key range by only having the public key. You can't even verify that the public key the puzzle creators released actually falls in the range they claim without brute forcing the key (ie. checking every private key one way or another) to find the correct one and then checking if it is in that range.
1940  Economy / Speculation / Re: Time to Hodl or buy the Dip? on: June 13, 2023, 02:39:03 PM
We have been seeing the uncertainty that I talked about in the first page of this topic a week ago. It has taken a toll on the price and has pushed it down a little and even though $25k is still holding the uncertainty translates into less purchases (less buy orders) that leaves the bears open to push the price down like this.

DCA and HODL are the best approaches still...
Pages: « 1 ... 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 [97] 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 ... 1157 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!