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1981  Bitcoin / Bitcoin Discussion / Re: Undo button for transactions on: July 01, 2020, 09:00:17 AM
since the second transaction (going out from the "safe address" to the receiver's address) is never broadcast to the bitcoin network until the receiver claims it from their centralized server, i'd say there is no similarity. no transaction is being replaced or double spent or even undone here. there is a transaction that may or may not be broadcast depending on receiver's decision...
Oh, now I get it. This now sounds kinda similar for me to the way BEAM's Desktop Wallet works (not sure if the coin itself has this option or just the wallet), besides the fact that with Kirobo the receiver both initiates the tx and decides whether it's the right address or not:

Quote
"While a transaction is in ‘Waiting for receiver’ you can cancel it by clicking on (..). The other party will receive notification that the transaction was either ‘Cancelled’ or ‘Expired,’ (..). It is not possible to cancel a transaction in ‘In progress’ or ‘Sent’ states.

If your transaction appears as ‘Waiting for receiver’ for a long time, it means the Receiver is not online."

... which makes me think of another vulnerability in this design: the receiver sees the wrong transaction's destination but still confirms it to be broadcast and spent essentially making user lose money and since they never received the coins they have no obligation to end up their end of the bargain.
Well, honestly all these steps could be skipped with a simple "is this the right address?" question. I feel way safer to know that I am the one initiating the tx than knowing the other party is. Now I see the flaws too: you could send a tx with the wrong address and the receiver confirms it, acts as if now the money poofed and all this time the "wrong address" was actually another of his. Guess there's no perfect solution to all the problems - there'll always be a flaw within the blockchain system and trying to "fix" them with centralized stuff has absolutely zero benefits imo.
1982  Other / Politics & Society / Re: "Under This New Law, Cryptocurrency Could Become Illegal" on: July 01, 2020, 06:24:11 AM
This is such a stupid move. It's just another step towards my fear, as I expressed in a thread a few months ago. Privacy slowly becomes obsolete and will probably be illegal in the future - and Bitcoin will suffer because of it.

This is another law for "the good of the country", isn't it? It's going to be used the same way every other technique, technology and whatever else they have is - we are interested in tracking people's smartphones but cannot do even half the effort to track down pedophile rings. Oh, wait. They're pedophiles, not criminals. I mean, they love children, right?

Well, it looks like there is a big obsession worldwide right now of authorities to know every single thing about you, to just invade your intimacy completely. And it's painful to see how many people still go for the "I do not have anything to hide so why would I bother" mindset. Like dude, they're literally starting to stomp your face with their boots and you still don't care. Would it even be surprising if cryptocurrencies were to be considered illegal at this point?
1983  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it just me or there are others who have same thoughts? on: July 01, 2020, 05:49:19 AM
It's why ICOs exploded a few years ago. The first ones to profit off them were able to get rich out of literally nothing and some people are late but still trying hard. There are a lot of shitty tokens that were simply copied from each other and I would not be surprised if they all actually had the same owner too. Going into bounties and crappy tokens in a hope of claiming a valuable coin for free is just a worse version of taking the entire NYSE list and pinpointing a completely random business to invest in.
1984  Bitcoin / Bitcoin Discussion / Re: Undo button for transactions on: July 01, 2020, 05:32:26 AM
Not everyone is like you, mistakes will surely be made. I get that the OP worries that there might be things that will go south when this feature becomes prevalent, I have seen this kind of features in games that lets you scam people scot free of their wrongdoing, this feature is a double edged sword and that worries me the most because if there are people who makes mistake then there is surely people who will have a malicious intent.
Well I'm sorry but someone who doesn't check the BTC address before broadcasting a tx probably doesn't check the destination IBAN either when transferring money. It's literally the only thing you have to check: address, amount and fees.

If I got it right from o_e_l_e_o's reply from the 1st page, there shouldn't be much of a "malicious intent" to worry about. It's not like you could cancel the tx after it gets broadcasted. Replace-by-fee probably has a higher chance of malicious usage right now than this new feature does.
1985  Bitcoin / Bitcoin Discussion / Re: Undo button for transactions on: July 01, 2020, 04:18:21 AM
All-in-all, it seems like a massively over-engineered solution for the problem of not double checking the address you enter. Why would I go through all this effort when I could instead just spend 10 seconds to make sure the address is correct? Not to mention that your transaction is now entirely dependent on a third party.
Am I missing something or is this basically a quite crappy replacement of the "Replace-By-Fee" function some wallets like Electrum have, but non-trustless and if RBF had a timer for you to cancel the tx at any point? I guess RBF could be implemented in such a way to be used as a "tx cancelling" function with a very simple 2-step process and, in the end, you do not even need any third party account to do so.
1986  Bitcoin / Bitcoin Discussion / Re: Opinion: 2020 Rise of Crypto Travel - Bitcoin & Altcoin Expansion? on: June 30, 2020, 07:46:17 PM
I think one of the largest issues would be transaction irreversibility to be honest. Travel with BTC sounds good and all but when you think about it more in-depth, situations such as the current quarantine mean that a ticket from March or April when BTC fell to sub $6k and had it delayed for just a few weeks, it would be worth almost half of the paid price in BTC today. Do you get back your money in the same amount of USD you paid initially or in BTC? Both are able to create issues if the customers don't agree.

The only crypto that will succeed this way and turn to immense adoption is the coin that will be easy to use, easy to understand, has instant transactions with instant confirmations etc. The current features we have today with decentralized cryptos are not helpful at all for large usage. So yes, as much as I love BTC, I have to be realistic and say that it's hard to believe Bitcoin or other decentralized crypto will ever get to the "dream features" for massive adoption before a centralized one will.
1987  Economy / Gambling discussion / Re: Fortnite Betting? on: June 30, 2020, 03:43:01 PM
Isn't fortnite a dying game in fact even famous youtuber and game reviewer Pewdiepie hates it ? didn't they announced that that they'd be selling the game or it was getting banned by some country, if im not mistaken.

With the current downtrend in popularity of fortnite, i dont think sports bookies would be adding it in their list of betting games.
The fact that one channel which happens to be the most popular one out there hates it doesn't mean the general opinion is the same. It's just the opinion of one guy. In fact, Fortnite is still going very well and had a massive ATH amount of >12M players live with a recent Travis Scott update.

Some popular channels still do Fortnite gameplays on a regular. The quite often updates also make for a good, constant high player count. I honestly think the opportunity for gambling businesses is still very, very high over there. The problem, as I said in an earlier post, is the age range of players. If most of them are kids and teens, it means they may be attracted to gambling addiction at too young ages.
1988  Bitcoin / Bitcoin Discussion / Re: Where are the Bitcoin PTCs, PPM, PPC and RevAdShare Sites gone? on: June 30, 2020, 03:18:38 PM
I've been an user on a few such sites out of which CoinURL got me the most revenue and A-Ads is probably still running although I have no idea how much BTC I have left in my account (it's set for auto-withdrawal).

CoinURL went offline a few years ago after refusing to pay me the account balance I had so basically scammed me and A-Ads is still going but I'm not sure if they offer the best payrates. I have noticed that a lot of websites that existed years ago do not exist anymore - scams, bankruptcy or who knows what else may be the reason, the thing is you can't really trust websites that aren't well known and without a large userbase nowadays.
1989  Economy / Gambling discussion / Re: Fortnite Betting? on: June 30, 2020, 12:36:22 PM
I guess the regulator/regulators ignored  including the game in betting because it attracts mostly the young ones. And lots of countries do not allow alot of their young people to gamble with their money and time in physical/online casinos and betting centers. Besides, it is a violent video game and the graphics look like the real things. That is not the kind of game kids should be playing in my opinion... Combining it with betting could be addictive and more dangerous
Guess it's way, way better and so much less violent than most other games such as CS:GO where you literally stab others and have blood stains on walls. Fortnite is more focused on cartoonish graphics and non-graphic combat. Besides the fact that you have guns to shoot with, I would honestly not say it's violent for kids especially nowadays when you have CoD, CS:GO and other similar games.

and the graphics look like the real things.
Do the graphics look real to you..?

1990  Economy / Economics / Re: US BTC mining farm buys 17,600 miners on: June 30, 2020, 12:22:02 PM
I guess it's all good unless it becomes an issue for Bitcoin's decentralization.

"Hash wars" sounds interesting, but when we have multiple very large farms doesn't that mean that smaller miners (I mean those mining in a pool with few GPUs from home, for example) might have no chance against them and therefore would be needed to abandon the mining? And even if they don't, the more farms there are, the least smaller miners' influence would be.

I'm not very sure if having large farms competing with each other is better or worse for Bitcoin's future and decentralization.

Stop making this an issue between countries, it's not!
No subject is fun without a China vs USA theory, right? Cheesy
1991  Bitcoin / Bitcoin Discussion / Re: bitcoin.org , in danger of being compromised?? on: June 30, 2020, 12:05:26 PM
Everything apparently is about the money at some point. Unless the domain can be hosted completely decentralized and open-source and Cobra wants it to be that way, it's just going to always get to that point one day.

You cannot turn an ownership into a "everyone owns it" thing. We cannot have literally everything ran by everyone and anyone in this domain, although it would've been amazing if we could. When people fight for these things, you can see what it turns into by visiting bitcoin.com and checking out the big fuss that was made out of the @Bitcoin account on Twitter.

Some questions are popping up in my head:
Why is Cobra anonymous,while this guy (Will Binns) isn't anonymous?Why is Cobra hiding his identity?Is he hiding from someone?
Why are you using a pseudonymous currency instead of fiat? Why are you not posting your ID here, is "davis" your real name? Are you hiding from someone? Now would you like it if I started questioning and looking for your real identity?

This "we need to know who that guy is!" thing that pops up with every anonymous person in the crypto sphere is so pathetic. Why do people even care? Let that guy be anonymous, he obviously wanted to maintain his privacy for a reason and some people are just pooping on it. All you'd really do by finding out who he is.. is just putting his identity in danger.
1992  Bitcoin / Bitcoin Discussion / Re: Can I just delete my wallet and use my 12-word recovery key as my “storage”? on: June 29, 2020, 06:44:00 PM
Would a bitcoin millionaire trust his funds to a scrap of paper and put it in a safety deposit box? I’m just trying to understand options safe storage. Thanks!
I would personally not trust my scap of paper unless I knew it was stored really well. There are quite a lot of things you have to consider, so as long as you need to hold your coins for the long term, take into consideration any scenario such as fires, floods, thefts, hostage situations etc and try to prevent the possibility of damage by as many of them as possible.

Generate private keys (or a mnemonic seed) offline and/or on a clean OS, write them down on a paper and as long as these situations either don't come up or wouldn't affect your holdings, you can call it a day. Just make sure you don't use that seed/key anywhere besides a trusted wallet - some people believe that is the actual sending address and end up writing them instead of the receiving address by mistake. So remember: seed/private key for storage, receiving addresses for receiving BTC, external addresses for destination accounts.
1993  Economy / Gambling discussion / Re: [Alert] Scam attempt in the name of gambling house and moderator on: June 29, 2020, 06:33:47 PM
There have been quite a lot of threads before on Telegram trying to bust similar scams IIRC. Looks like it's a scam that moves from one domain to another so that they don't get caught in the end.

Even if the website was known and you would've accepted his offering, what you'd do is basically you'd commit a crime by scamming a website and pay him up for it too. So if someone finds a legit such offer and really thinks they're going to earn something out of this, let them hit the wall themselves.
1994  Bitcoin / Bitcoin Discussion / Re: Dormant bitcoins and bullrun correlation ? on: June 29, 2020, 03:29:27 PM
Yes , totally agreed , but at the same time I would like to address an issue that Arrises because of this fact , apparently the Whales tries and generates false alarms by sending Bitcoins from one wallet to another , which in-turn causes panic for the newbies and to other people.

This is something that is more or so used by the bulls to scare the investors , make them panic sell/buy then encash when the time is right for them , therefore I won't ask you to ever follow these things .
Following whale movements is a stupid move imo. I'd actually honestly be better off if I hear a whale crashed the marked by selling everything. One large party selling to multiple others means better decentralization. But people follow these very large dormant addresses as if they decide Bitcoin's fate..
1995  Other / Beginners & Help / Re: What I have learnt so far, my advices for newbies. on: June 29, 2020, 01:52:23 PM
definitely bitcointalk is not for the lazy ones.
it takes a lot of effort to rank up here.

the main thing comes down to providing value.
giving and giving and giving before asking.

like in most of things in life: patience and hard-work pays off.
Honestly, "laziness" wouldn't be a thing if there were no signature campaigns and bounties out here because all users would post just due to their interest in Bitcoin itself.

It's just like I simply see no sense in those "how to get merits" and "rankup inspiration for other members" threads. You don't need any inspiration if you truly like Bitcoin and are interested in it. You either like it or you don't, nobody needs to push you from the back and to convince you that you have to make constructive posts. When you need to be pushed from the back, you should question your true reason for being active on the forum.
1996  Economy / Gambling discussion / Re: Do you think eSport gambling will become more popular than normal Sport betting? on: June 29, 2020, 12:44:53 PM
Still too low compared to the sports betting market, and it's hard for eSports to surpass the market of sports betting since as it grows, same thing is happening with the sports betting market.
It will grow faster as years go. You have the so-called "boomers" for which eSports make zero sense, while you have newer generations coming up for which eSports are something very exciting they look up to .. hence the higher possibility imo for them to exceed the industry of real sports gambling.

As older generations get older, the newer ones will make eSports boom within a matter of decades imo. While real sports will be popular as well, eSports are going to be a bigger thing specifically due to the fact that anyone can join an international match and train with their own team against others (like on CS:GO) as if they were in some international championship. Gives you a great feeling to know you are placed against better and better players. With real sports, that's a much harder feeling to get.
1997  Bitcoin / Bitcoin Discussion / Re: Do you know job/investment related to crypto that provide stable daily income? on: June 29, 2020, 12:38:46 PM
Wow! $1500/month, what kind of signature campaign you are talking about here?
ChipMixer Campaign currently pays 0.15 BTC a month. With BTC around $10k, you have $1.5k a month basically.

But to get into it, you have to deserve it. It's not like anyone is accepted in it; if you have as much knowledge as users like LoyceV have and spend a large part of your time to make this forum a better place, then you f'in deserve that spot.

A forum signature campaign pays around $ 1,500 a month.
You need to be a trader between Paypal-BTC and trade on HitBTC with some free tokens to get around 1000
You can achieve this amount, but you need to wait about a year and it will succeed.
other 500 dollar you can earn it from trenting your avatar and selling some cards
Even ChipMixer doesn't pay $100 a month, and their payrate is HIGH. $1000 an year equals to sub $3 a day and token trading is just a big pile of risk. Just tell me how many "free tokens" really get you to $1k, because I have experimented once with YoBit's and it all turned into nothing really except a big waste of time. Cheesy
1998  Bitcoin / Bitcoin Discussion / Re: How the wallet is hacked, what should I do? on: June 29, 2020, 11:55:54 AM
Most of the times, it's as simple as don't talk to strangers about your wealth, don't trust anyone and always take too-good-to-be-true stuff with a very large grain of salt. Honestly, most of these hacks/thefts happen when people either download some infected software hoping to get their Bitcoin doubled or just send the money themselves to some "Elon Musk giveaway" address in hopes that a billionaire would get them rich for free. Nobody would do that.

Then you have some people trading stuff with Newbies or complete strangers without a reputable Escrow. That is literally like leaving a bag of cash somewhere in the city, sending the other party the location of the bag and expecting them to leave a Bitcoin paper wallet there for you. It may or may not work, but if you take the risk then you deserve the loss.

This is the Internet and electronic devices. You have to be extra precautious. Act on the Internet as if you just came into a student dormitory with a large bag of Gold coins in your backpack.
1999  Bitcoin / Bitcoin Discussion / Re: Dormant bitcoins and bullrun correlation ? on: June 28, 2020, 02:47:43 PM
I mean, there obviously is a correlation: many people buy low and hodl their coins until price booms. That's why with price bumps you see dormant addresses waking up. This doesn't necessarily mean that with more addresses waking up, the price is going to crash drastically though - it's mostly still just speculation.

The red part of the chart could go up 20% more and only then have a drastic price crash. It just adds to the entire, exhaustive list of price influencing factors of BTC. I personally wouldn't rely on it.
2000  Bitcoin / Bitcoin Discussion / Re: A lot of Americans still don't know what Bitcoin is on: June 28, 2020, 11:54:06 AM
Even if you heard of it, it doesn't mean you understand it. A lot of people "buy BTC" on centralized platforms just for the profit, without having a single idea about the actual aspects of the coin.

I noticed a change in the circle of friends I hang around with - it was usually me talking about Bitcoin whenever we met; now, to my surprise, it's them starting the subject first. Friends that I haven't spoken with for a long time now even own some coins themselves. Although your customers might've not had a single clue, chances are a few months later they'll be BTC owners too! Smiley
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