That report, however, was published last 2018. Assuming Peter's claim and the several "I lost my btc" threads here are true, what do you think is the current estimate of total lost bitcoin?
Most coins were lost in the early days, so any coins that are being lost now are little more than a drop in the bucket. Also I think it's fairly safe to assume that the majority of people and companies holding significant amount of coins nowadays know better than to lose their password, so the amount of coins being lost over the next few years will probably be rather limited. Lose the password, not the seed words. And if your wallet is that old to not have seed words, then make a new one and move the funds to it so you can have those seed words. With the seed words you don't need a backup of the wallet either. Best they can do is track which coins have not moved in a number of years. Since most were lost in the early days, i suppose those with 10 year+ inactivity are a safe bet. On the other hand, most coins that there ever will, have already been made. So yeah, 18million out of 21, with 120 years to go for the remainder most of which will be minted earlier since production (mining) is designed to slowdown into a crawl.
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Tesla cars are a hot topic, so some unknown crypto news sites try to get traffic from showing such news. These cars have a problem with the storage memory, so downloading about 200 GB will be a waste of time, in addition to not having to manage a full node wallet (you can use it with SPV wallets or without download full Blockcahin.
Again, the news is to get more views.
In reality it isn't much different from using your raspberry pi in a car, and that might actually be better than hacking the infotainment system. I know that in the Model S this is separate from the basic car functions and this might also be true in the model 3. But remember the model 3 only has one single screen for everything, the driver needs this to be working at all times without glitches. Of course as with running on any embedded device with flash storage, perhaps a "full node" doesn't make any sense. I also don't know if the Tesla can use wifi, i know it uses mobile data. There is also a secondary (hidden) mobile data link the company uses for telemetry, which is probably not in the infotainment side. If the infotainment can use wifi, the 250+gb download isn't an issue, but it should be trimmed just like you would in a raspi. Forget full nodes, and using rotating drives in a car isn't a good idea and i doubt spending in a 500gb thumb/sd/ssd is worth it, just leave the full node running in your home. Then again you will not notice much advantage in running a node in your car's infotainment system. Its cool but meh.
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We all know how worked hard Satoshi Nakamoto made the blockchain, for the ease of all of us, should we not do anything for this? So the answer is yes, we too should do something.
That's why I and some of my friends have decided that we will. We will build a small academy with only two or three rooms, where we will tell people about blockchain, without any fees.
I want to know this from you, is this a good idea? Please tell me if this is not the right way.
We can only invest two or three months for this Academy.
Lessons: How blockchain works. How to send or receive. How to buy/sell cryptocurrencies ( Trading). What is the private Key. What is the difference between Coins and Tokens. What is ICO or IEO. If its not sustainable it will cease to exist quickly and it would not make any sense. You might as well do the same on social media or streaming video where at least the teaching will remain online for anyone to see later and not limited to "3 rooms". It might make more sense if you intend to make videos from it, knowingly that without any funds you'll probably close it after 1 class anyway. And you need the most important lesson of them all (no.1) What is Bitcoin. If you are not willing to talk about Bitcoin, don't come talking about Satoshi.
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According to Cointelegraph, perennial bitcoin bear Peter Schiff has lost his bitcoin due to losing his password:
What are your thoughts?
Another one losing the wallet/password... Did Peter ever came here to read the gazillion warnings about making the seed words and securely store that handwritten paper with said seed words? Seriously the password (or wallet) no one cares, but if you don't do this you will lose your funds. Let this warning serve to anyone reading this message. Well on the good side, for every (formerly) rich bitcoiner losing their wallet, value of bitcoin as a whole increases a little bit. Its like burning coins, so i guess he unwillingly gave a large donation to the community.
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I noticed that certain country may charge tax on earning from Bitcoin trading... 20% tax on it. I think this is quite ridiculous. That means govt sees it as a lottery. What do you guys think?
It is pointless because you can simply not declare it. It is not terribly difficult to keep a wallet hidden from the government. The only way the State may have some chance of taxation, is probably VAT since they can audit the movement of physical goods (inventories, etc), services utility bills, or an annual fee for the ownership of luxury things like property, lambos etc. Not that i particularly endorse taxes or the State... Oh and always remember this: bitcoin never comes in or goes out from your country. Everything occurs in the blockchain, the blockchain resides in the world (anyone can run a node and be part of it).
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I see, bitcoin is a good alternative but to consider that the debt is worldwide, I think it is still going to be not a good replacement because what backs bitcoin is still dollars, but if we would think of the fact that bitcoin is an investment platform, we could take advantage of it to retrieve and pay global debt. If and only if there is a person that will be tasked to trade and keep track of the market. Because for me, if people will utilize bitcoin, it is nonsense as debt should be repaid but in this case, it will not.
No, bitcoin is backed in nothing. This means the USD can crash, while bitcoin retains its purchasing power. If the USD crashes, bitcoin will NOT be pulled down by it, quite the contrary, since both are untied, the price of bitcoin in USD simply skyrockets, but not because is climbing, just because the USD is crashing. To compare in that hypothetical scenario, think the price of bitcoin in EUR would remain (actually the USD can pull the EUR, both being fiats tied to the flawed school of Chicago economy). Note that this has little or nothing to do with debt. If you do switch to the Austrian school, the debt is still there, but at least you could start paying it. However if you want to untie your money from the madness of the global economy, bitcoin is your best bet. Precious metals may also work, but their handling and online use sucks.
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If everybody suddenly withdrew all their money out of the banks, closed their bank accounts and turned to crypto it would turn into a solution. The thing is, we are still too tied to those third parties so it became hard to actually untie ourselves from them. A change is possible, a change can happen now. The only problem is, a sudden change in economy like that means a change of our routine. People have to accomodate to another system, and that's uncomfortable for them. If they did that "suddenly" as you say, only about 10% will be able to cash out. I don't call fractional reserve banking a ponzi scheme to look dramatic, the money doesn't exist. If its done slowly, it would give time for banks to shrink, and likely most people will be able to cash out. Unfortunately bankruns occur when people get scared, and the truth about fractional reserve banking is very scary. The current dominating school of economy needs people getting in debt, and inflation is part of their equation. Once you bring a "hard currency" that doesn't lose purchasing value, the magic begins. I know you cannot trigger the critical mass for this panic, but as a thought experiment be aware that humanity as a whole has dug too deep into the fractional reserve banking scheme to be able to exit. The money simply isn't there. Of course they could "print" it, but before any significant amount of people is able to withdraw it, it will be valueless. The transition towards Bitcoin seems to be occurring smoothly. Done it slow enough, the banks have tome to shrink, recall back loans, close locations, reduce personnel, etc. A post bitcoin world doesn't need that many banks and they are destined to shrink anyway. If the world DOES panic, those that are already into bitcoin will be safe, while those holding fiat will probably lose it or end out with about 10% of its purchasing power. "Don't panic."
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I don't understand how this differs from tor?
The same way Windows differs with minesweeper. Tails is a Linux distro with tor. Of course, you can add tor to any other distro, as is the mission of any distro, its simply "done already". Its especially useful when running the live iso in a public computer. For technical intent and purposes, it is Debian, so the hardware support is as good as in Debian (stable). So if you want to find if your wifi works, try to search Debian + wifi device model. It may, or may not work by default in the likes of Ubuntu, which tend to have a little better hardware support (more blobs included by default).
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I had a look over Noater.com. Seems mostly a spanish facebook thing that is not very friendly with english users. I am getting suspicious because you can top up your Noater wallet with Bitcoin, PayPal, etc. but you can never take money out You can obviously send money to other friends on Noater, but never get the money out. Seems like a scam but I don't want to point my finger too fast. Maybe it's something legit or it will be improved over time. Functionalities look professional, unfortunately it has that thing about the no exit strategy. Also it seems that there are just 40 users at the moment. Hope more people will join It looks as unfriendly in spanish. The site seems to be barely functional, i think its brand new, so no reputation. Unfortunately there would be no way to know if they are legit or they will run with everyone's money...
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Regarding the proxy ("SmartAgent"), the documentation online is now better. This new version (3.0.5) seems to be working correctly, only thing is i notice this in the log: Running on machine: machine Log line format: [IWEF]mmdd hh:mm:ss.uuuuuu threadid file:line] msg I0119 15:32:02.063156 4915 Utils.cc:285] resolve host: btc-va.ss.poolin.com, ip: 47.252.92.116 I0119 15:32:02.063475 4915 Server.cc:103] success connect[0]: btc-va.ss.poolin.com:443 I0119 15:32:02.064136 4915 Utils.cc:285] resolve host: btc-va.ss.poolin.com, ip: 47.252.92.116 I0119 15:32:02.064231 4915 Server.cc:103] success connect[1]: btc-va.ss.poolin.com:443 I0119 15:32:02.064831 4915 Utils.cc:285] resolve host: btc-va.ss.poolin.com, ip: 47.252.92.116 I0119 15:32:02.064921 4915 Server.cc:103] success connect[2]: btc-va.ss.poolin.com:443 I0119 15:39:09.799919 4915 Server.cc:322] miner connected, sessionId: 12, IP: 192.168.0.10
I do hope the proxy isn't trying only the first server 3 times rather than the 3 different servers specified in the json config file. It is occasional, but sometimes my miner cannot connect to VA but connects fine to BJ... So i would like the proxy to do the same in case VA fails to connect. Also i noticed the option "offline_keep_mining":true is no longer in the provided json file and documentation. I assume this feature is always true?
PS: Unfortunately if the proxy loses connection for too long, it quits. This makes the offline keep mining feature (if it still exists) unusable.
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Hi guys,
I wanted to start a tiny mining farm. I've got the correct power cables setup for covering between 5-6 miners in the garage. Due to not being able to run a lot of miners I thought I would go for the highest hash rate possible at 73th/s.
The garage is empty and I'm about to replace the garage door with bricks and a soundproof door and the single pane glass window with double glazing. The roof has been replaced and is water tight now.
I was reading about setups and it appears possibly building a shed 6' wide x 3' deep x 7' high with a wood between the units fans - to create the cool aisle and hot aisle. I would then need an extractor fan (50cm?) to pull heat out and I assuming need to put a hole in the wall to fan it outside. I need an air filter to draw air in (any recommendations?). I would put the s17+ on wire racks.
Could someone help with a bit more info or tips on a build. I am only making assumptions.
I started off with 500 in mind but after learning about amps and volts... realised this wasn't possible without a power station haha.
Thanks everyone, if I've been stupid please be gentle.
No, you should go the other way around, especially when "beginning" and your ambient conditions are not clear. That is, use the most power saving feature you can, lower their rate so they can be efficient in power use and lower temperature, at least until you have everything perfectly set up. You underestimate the amount of air a single S17 needs, let alone 6!!! I think maybe 300~400 cfm per unit, i have yet to know what's the exact figure for S17s, since i only remember the S9's 250cfm. For filters i think those used for central ac units, the ones you can take out and clean with water, they are very large so don't be surprised. Yes, when thinking fans, and ducts, think large, as in wall sized large... Hmm since you plan to remove the door, that could be the air intake, as that would probably be about the right size. Or maybe use those bricks with holes? Wood is.. hmm i don't think very safe. Grounded metal should be preferred in my opinion. If you think things are starting to feel "industrial", it is because that's what those asic miners really are. Its not just the power, its also the ventilation. Lone gone are the days of the humble R4 (or the S7LN), mine is still running in an actual living room...
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Yeah the new firmware prevents nicehash due to.the constant switching nicehash causes. I would not use nicehash with t17 t17e t17+ gear.
Or any type of.s17 gear.
Constant switching requires the use of #xnsub. Was this removed from newer gear? I agree that nicehash isn't the best way of running a sha256 miner, and they have shady past record forcing loses to their clients when hacked, etc.
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Do you mean that you'd like to use a software where you can find the IP of your miner? No, he wants to force flash the LEDs so you are able to physically "locate" a miner within a bunch of running miners. BraiinsOS has this in the UI and with the cli command miner fault_light on. Maybe he wants to do it with factory firmware...
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Looking to go to Seoul this summer. Looking for a travel hacker to help me find the cheapest possible way to get there. PM me if you can help and we can discuss rates.
EDIT:
ATL > ICN
Don't forget Seoul also has the Gimpo airport (GMP), maybe it doesn't serve long distance routes but I'm not 100% sure, it does connect with Japan...
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Is there a simple way to install? ...
I mean literally a command line executable.
#crysx
Sure, as explained here: https://docs.braiins-os.org/#option-b-install-using-sshpython3 upgrade2bos.py your-miner-hostname-or-ipOf course you need to satisfy the requirements before doing that line, mostly just having python3 and the other python pre-requisites. It might be easier for newbies to use the sd card install method, but that single command line works just fine. And yes after having the pre-requisites fulfilled you can literally use just that line for each of the rest of your miners.
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It may sound strange for the people who hasn't heard of BTC their entire life. When paypal was just new, I started asking my cousin if the bank she worked allow clients to send paypal funds going to the bank he worked for. She wasn't aware of it back then it was I think 2005. After few years she remember me asking about it and its now available.
The people you asked might remember you one day asked them about accepting BTC. I wouldn't be surprise that 3 years later, we'd be fastfood restaurant accepting not just BTC but other altcoins.
This is exactly it. Its a subtle form of raising awareness. Its also like when you wear the ( BTC) logo in a t-shirt or a sticker in your laptop whatever. Even if they don't know what it is, they will remember in the future. Originally paypal was to send funds (wire?) to people via email. The banks had no idea but it worked, i think they used the credit card system. The original paypal was an app for the Palm, which is the actual meaning of the pal at the end of the end ("Pay with your Palm"). The Palm was a PDA, a predecessor to the smartphone, a device long gone into obscurity. Once you accept bitcoin, the rest of the altcoins become are trivial, for the most part anyway. Realistically the shop would probably exchange "whatever" into what they actually want to have anyway.
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Elon Musk is an entrepreneur, what he tells or does is meant to help his business grow and not promote others. He meant nothing with his tweet, it was a troll.
I am sure he is not Satoshi 😀
Yet he made Paypal (and Tesla, SpaceX, Boring, yadda)... But jokes aside, i wonder if that mysterious tweet was some sort of tip. He is the opposite of McAfee, few words and lots of action. Anyway we have been expecting a "bull" of sorts before the halving, if nothing because of the simple expectancy of it. And he is certainly not clueless about Bitcoin. Hopefully he has some stashed without telling anyone. The moderator can't take the joke about painting the bitcoin ( BTC) logo in one of SpaceX rockets, but you will see.
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I am wondering, If there is any other way that Craig can prove that he is not Faketoshi ?
He could very easily prove that he is Romulus and sit on the Throne of the Rome to rule the whole Europe. He is very much charismatic. Only he need to change his temperament. In some way I like his idea. But he playing a big role. It does not mater if whether he is real Satoshi or not. He is doing his role to make noise for Bitcoin market development.
It is very simple. He can post as satoshi. So we will follow him after that. No, he/she/they can't login before the admin unlocks the account, and he won't do that unless he gets proof, probably the signing everyone demands at the very least... Of course Craig has failed to provide such a thing.
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Dystopia, gloomy dark. Corporations rule, people oppressed by the State. Frequent abuse by rogues and officials, with ID theft innocent getting imprisoned and whatnot. The global weather changed to even more frequent devastation, hunger, violence. Perhaps Halflife2 like.
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