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I had a dream the other day where I wasn't able to log in in there. The site was basically 404'ing as I refreshed. I went into Google and looked up news. "Bitcointalk.org website has been seized by some supranational authority". Basically some agency with a fancy acronym coerced theymos into giving away the database for tax purposes. I eventually woke up.
This has made me think what would happen if all the information here was lost, and thus I would like to make a copy of the entire website with a handy little software called HTTrack which allows you to get pretty much a 1:1 mirror of a site. And you could keep updating the offline copy from time to time, kind of like keeping up with the blockchain as you sync.
My question is: Is it ok to do this? Im assuming theymos wouldn't care.
I would like to ask, how big is this website? just to see how long it would take to have an offline database. This site is mostly text, so it shouldn't be a lot, however, there's lots of text, and all images from external url's would be saved too.
I just wouldn't like to wake up some day and see the site is gone for some reason. There's a lot of stuff to read in here that has been written for 10 year already, so it would be difficult to catch up. Just reading all of satoshi's posts would take a while. And I like to read things from source, so I guarantee nothing was modified. I've seen satoshi misquoted or even modified posts with inspect element.
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Im pretty sure I saw Bitcoin mentioned in Slashdot back in 2012, so the price must have been potentially less than $1. I guess it was about a new version going out, 0.something. Satoshi was still around uploading them.
Of course, I was just lazy-scrolling down and completely ignored it. I try not to think about that since it's a nice one way ticket to insanity if you start making numbers and thinking how uber rich one would be now if you just mined for a while.
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I would actually be an investor on the production on such a movie. Bitcoin is now so mainstream, and crypto in general, that it would be a guaranteed success. Michael Burry is now like a celebrity, at least in the investment world. While it would be a bit of a niche movie, there is an audience big enough that it would be profitable, and you don't need an huge budget for this since it wouldn't be some complex to shoot hollywood blockbuster.
I do think eventually Tether will go bust and someone will do a documentary on it. It would be the best buy the dip opportunity most people will ever get to see.
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The charm of Bitcoin ATM's was that you could fully anonymously get in and out some cash, and that is now lost since more and more jurisdictions are regulating them into oblivion. You basically need your ID in most of them. And some even tell you after you get the bills in. Some fellas got their $100's stuck on these machines. AFTER they put the money in, they get told you an ID, so now you are there forced to either show an ID and dox yourself as a BTC user or just leave the money in there.
Im not long on Bitcoin ATM stocks. It's basically traditional banking ATMs at this point.
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It was always a mystery to me why wallet.dat files let anyone know what are the funds sitting inside. Why not allow an option to just fully encrypt and hide the funds?
If you are saving a wallet.dat file in the cloud, and someone somehow managed to get the file, they would still need to crack the password, but if you are holding a lot of BTC, they would be able to see it, and the more BTC the higher the incentive to keep trying into bruteforcing it.
If there was no way to know how many funds a particular wallet has, they wouldn't bother as much. But if you have a guaranteed jackpot waiting because you can see the funds, they will.
You don't even need to sync it, just open the wallet.dat file in a text editor and look up the addresses, and then put them in an explorer and you get to see the funds.
Ideally we would have plausible deniability, one password decrypts a set of addresses with a bit of BTC to make it more realistic, but the real amounts remain hidden.
Yes you should encrypt the wallet.dat file using some encryption software, but ideally we should have these options available just in case someone managed to get the actually wallet.dat file.
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Something I miss in this forum is a section in which you can discuss different methods to make money, typically one would find people in here with many skills to make money online. Something akin to blackhatworld where many ideas are shared, but not necessarily all blackhat, just ideas in general, as long as they are reasonable.
From someone that has a blog, makes YT videos, has a service, freelance coder, or even physical businesses, but all of this discussed within the Bitcoin community framework and not just on a generic forum.
For instance, if you have a blog about Bitcoin and you have it monetized, and you wanted to change your tax residence, you would need to factor in several things, such as, where do I go where this activity is ok within the government, how do I change my settings on AdSense when switching countries, possible tax implications and so on. And would be interesting to see how it goes for other people doing crypto stuff in terms of keeping up with the TOS where you are hosting the content.
I don't know where to ask this on the internet, maybe other than BHW itself which has a crypto board.
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Most people that made it in Bitcoin renounced US citizenship, im assuming at least that would be common, similar to Roger Ver and others. They probably moved to some of these fancy islands with favourable taxing plans.
Non US citizens have it even easier, since the IRS doesn't follow your ass all around the planet. All you have to do in most cases is live 6 months out of your country and that's it, you are now paying taxes on your new country. If it is considered a tax haven you may need 4 years but there's tricks around this too.
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Honestly, betting on El Salvador to fight against the U.S. and EU wanting to ban Bitcoin-related projects from GitHub is one of the worse bets I've seen.
They don't have a lot to work with / to leverage. It's a tiny nation and their adoption of Bitcoin as legal tender is mostly symbolic; it shows what's possible, but it doesn't give Bitcoin more value, more legitimacy or protection from large states' attacks.
Yeah it's silly, and we already have examples of some countries like China banning Bitcoin (several times) without much resistance. I think that other countries won't ban Bitcoin directly yet, at least not until they release their own CBDC projects, but they can slowly start to increase pressure on exchanges, wallets, developers, miners, etc. It's obvious they want to have full surveillance and tracking in near future, so anything related with privacy is now under attack. Hear me out: arrival of CBDCs, shutdown of centralized exchanges and simultaneously implementation of L1 privacy changes to the Bitcoin protocol. Bitcoin will be the obvious choice for... literally anyone. And people will be incentivized to actually use it as a medium of exchange to escape the totalitarian nature of CBDC and avoid going through buying/selling 'hassle' on DEX's. People will be incentivized to further get involved if (to get back on topic) centralized services were to start banning Bitcoin- and crypto-related stuff, by spinning up own nodes, own Git mirrors and whatever other tech we might have moved to until then. More decentralized infrastructure is going to make Bitcoin stronger than ever, totally destroying the dreams of anyone attempting to shut it down by such measures. I have considered the scenario in which CEXes are banned, it's possible, but think about it, there would be enormous backlash. I believe the most realistic scenario, is the one where they keep the CEXes, keep adding KYC/AML restrictions, and keep getting all the taxed money from trading. There is no other way for them if they want to keep the facade of not being fully totalitarian, which is the key here. Western governments don't want to be perceived as totalitarian, as they do in totalitarian clusterfucks like China or Russia. I don't see a full ban on crypto unless BTC poses a massive systemic risk to the reign of the USD, which right now I don't see it, since it basically follows the SP500. If USD ever decouples from the SP500, and people start putting their savings on BTC more than they do on the stock market, that is where they may just fully ban the stuff. At that point BTC will be used as cash, but forget about buying property or anything like that, they will not allow it. So your best bet would be moving somewhere where they get away with not banning it. |
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Could someone explain why is it considered theoretically impossible that enough miners could collude to steal funds sitting on non-legacy addresses through a 51% attack?
I don't see how it's technically impossible, but as all things in Bitcoin, besides the clever programing, the real magic happens within the game theory, the system in which incentives are set so bad actors lose more than gain.
My simple answer to this would be that even if they managed to reorg the chain and get the funds, the price would crash, so much that they would be left with nothing. There would be no alternative to go into, since trust would be lost. They would lose their shirt before they can take any financial decisions about it. However, one could argue they would add in shorts, but they risk massive sentences from fraud and manipulation, remember anything that interacts with the fiat world is highly monitored, specially at the levels these guys would be operating at.
I would like to see your take on this. Me personally, I like to keep my funds on the original format just in case we actually see something crazy. Or at least, if I was loaded, I would be holding the main stack on legacy addresses, then keep some money on bc1 addresses that I wanted to spend if I wanted to save on fees, but wouldn't go all in on holding it on anything but the original format, assuming funds would still be there after such an an apocalyptic black swan scenario, at least im betting the chances would be better than having kept it on non-legacy addresses.
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I was mining bitcoin in 2012 and I had a wallet with several bitcoins. I deleted bitcoin files using CCleaner in 2015. yes I made a mistake because I didn't know what bitcoin was for. Shortly after, my computer broke down, but I have a hard drive and it was converted to RAW format. I tried everything to convert the raw hard drive to NTFS format but without success. I tried several data recovery programs but I can't find the bitcoin files. (This hard drive SATA)
There is another hard drive where I mined Bitcoin in 2010 and that hard drive is working and files were not overwritten, but file recovery program cannot find bitcoin qt files. (This hard drive İDE)
I waiting for your ideas and suggestions.
Look up whatever latest software forensic professionals are using. I know Recuva but that is very casual, you would need the best in the game, probably external tools and hardware. Avoid all of these dodgy "give me your HDD and we will give you back your coins". Also are you sure you used NTFS format? try FAT32. It was still used back then. Always backup the data before doing format conversions. |
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To continue utilizing your account, Bittrex needs additional information from you. When responding to your respective support ticket, please explain the verification documents that you're submitting to support your source of funds for trading. If you have questions regarding this form, please reply to your respective support ticket. Thank you for being a valued customer of the Bittrex platformFirst & Last Name: Email address used for Bittrex account: Address (residence):1. Employment status: ☐ Self employed ☐ Retired ☐ Student As (occupation): _________________________________ Since (year): ____________ Business Name: _________________________________ Website: ______________________________ Name of employer: _________________________________ Website: _________________________________ Occupation: _________________________________ Time at this employer (years): ____________ List: _________________________________ To continue utilizing your account, Bittrex needs additional information from you. When responding to your respective support ticket, please explain the verification documents that you're submitting to support your source of funds for trading. If you have questions regarding this form, please reply to your respective support ticket. Thank you for being a valued customer of the Bittrex platform. First & Last Name: Email address used for Bittrex account: Address (residence): Name of institution: _________________________________ Location: ____________________________ ☐ Employed From (occupation): _________________________________ Since (year): ____________ ☐ Unemployed ☐ Other Annual income (in USD): ___________________ 2. Income from employment status selection(s): Page 2 of 2 List: _________________________________ List: _________________________________ 3. Source of funds for trading Check all that apply: ☐ Crypto trading ☐ Employment income ☐ Investments (non-crypto) ☐ Inheritance ☐ Crypto mining ☐ Retirement income ☐ Sale of Assets ☐ Other Year started: _______________ Exchanges used: __________________________________________________ Address(es) at other sites: _______________________________________________________________ 4. Please attach verification of the source of funds for trading: a. CRYPTO TRADING i. Crypto purchase receipts, screen shots of trading and withdrawal activity on other exchanges/sites used for trading. b. EMPLOYMENT INCOME: i. Recent pay stub or bank statement showing employment income. For bank statements, please mark employment income on the statement. c. INVESTMENTS: i. Investment statements or certificates, bank statement showing deposits from investments, or letter from financial advisor detailing nature of investment. d. INHERITANCE, INSURANCE, GIFT: i. Notarized letter from donor, copy of will/check/grant of probate from state administrator, or official letter, receipt, copy of check reflecting insurance proceeds. e. CRYPTO MINING: i. Attach utility bill or mining equipment purchases. f. RETIREMENT INCOME: i. Attach receipt showing monthly income. g. SALE OF ASSETS: i. Attach sales contract or other document reflecting sale of the asset involved. h. OTHER: i. Please attach relevant documentation. Eventually all CEX exchanges will end up like this. You can't avoid KYC/AML laws. Best one could do is be based on some tax haven and hope they aren't forced by some supranational entity, but the way I see it is that even tax havens will be a thing of the past within the next decade or two. All exchanges that get big enough will get forced to comply. Add in the fact that they will remove cash. Basically you'll have no way out to the fiat world without KYC. |
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We've had negative interest for years, you would make money by getting into debt. This was never even acknowledged in economy books. If you went to college, teachers wouldn't teach you about this ever happening. It has happened for the last decade. Now we are going to get into a recession since they will have to go into higher interest rates. The more they delay the interest hikes, the more brutal the crash. If they do it slowly, it will be a long term recession. I think we may see a rise on the SP500 since they are scared to raise the rates. This will make the investors confident, and thus will create a massive crash. Michael Burry is right, we haven't capitulated in my book.
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There should be more tutorials on YT showing you how to download latest code, sign it and build it. I've looked on YT and most are just downloading from GitHub. Most people nowadays use YT has a SERP since it's more intuitive to look at a video and hear it than read for most folks. |
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What is safer, to build directly from github including all most recent changes, or to get the source code from the Bitcoin Core website? (in this case, https://bitcoincore.org/bin/bitcoin-core-23.0/bitcoin-23.0.tar.gz) I see all these tutorials that teach people how to build the source are using the git clone https://github.com/bitcoin/bitcoin method which builds im assuming the most recent changes, so you get a version 23.0 followed by some alphanumeric string. Why use this and not just build the official release? Isn't this a more conservative way keep yourself updated? |
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I was never too convinced that this algorithmic approach to keep a stablecoin stable would work, not only because trusting some algorithm to buy and sell without human supervision involved can end up in a problem but the fact that all these tokens are based on centralized (non-Bitcoin) blockchains, in this case LUNA is an ERC20 token and you can't even sync a full ETH node, should be enough to not trust this.
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If we enter a recession BTC will go below $20k, and then we enter some uncharted territory. Reason being, we've never gone below ATH's after such rises, and the fall would be due the fact that BTC continues to follow whatever the SP500 does and it can easily retest pre-covid levels before talking a real long lasting bottom. Until BTC manages to decouple from the SP500 you'll have to navigate the market that way.
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TIL that Mike Novogratz was a big backer of TerraUST & Luna. https://twitter.com/i/events/1527002154719920130I've said it before and I'll say it again: I contend that Mike Novogratz is, at this point, controlled opposition that is secretly paid by Wall Street to lead people astray from Bitcoin. In the beginning years when he was only into Bitcoin, every time he was trotted out in the MSM to make a bullish call on Bitcoin, the market would crash soon after. Every. Single. Time. Too much of a consistent pattern to ignore. Now the guy spends all his time hawking shitcoins and other alt crypto projects that go nowhere and fail, while still claiming that he is a big Bitcoin enthusiast. I call bullshit. Don't listen to that guy about anything crypto/shitcoin related. He's like a Raoul Pal, or a Mark Cuban; an agent provocateur mouthpiece secretly trying to undermine Bitcoin. I don't see any of these guys being paid by hidden agendas in the government, they are just opportunists with deep pockets ready to make some cash and they jumped on the whole "crypto" bandwaggon which have lead us to this insane bubble. Elon Musk is no different. I see this bubble bottoming at around $500b total marketcap for all shitcoins, then maybe we can start thinking of a bottom. There's just too much dumb money in this market and the SP500 can keep going down which BTC will follow. The moment I saw Matt Damon on a spaceship claiming how you needed to be brave and "buy crypto" was enough of a peak alarm for me to back off from this. |
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The power of Twitter cannot be measured in the nominal terms of just looking at PE ratios and so on. Twitter has a lot of political power that is not considered in traditional stock fundamental analysis, that's why it doesn't matter if it's not profitable within itself, you put yourself in a position of power by owning it. Of course Elon will try to find a way to make money out of it directly too.
I don't like this idea that Twitter depends on the mood of whatever latest billionaire has bought it tho. You never know who will buy it next.
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By buying BTC you are already buying a "global crypto index" as it where. There are no cryptos that are going to outperform Bitcoin long term just like how individual stocks will not outperform the SP500 or MSCI long term. I would have this strategy as my main weight on a portfolio and buy a big amount of BTC and some world index ETF.
Then after I have this settled I would try to get early in an up and coming project with smaller amounts of the portfolio (wether it is startups or the next fancy altcoin)
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I wouldn't pick coins from "labels", you can make mistakes, have repeated labels etc. I would always manually copypaste the addresses I want to use, or just manually click on them with CoinControl enabled where you can see them on a list in a tree form and with the labels.
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