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2561  Bitcoin / Bitcoin Discussion / Re: Bitcoin,the bedrock of investors. on: November 29, 2022, 06:41:49 PM
Investing right in bitcoin relies on picking the best time to invest. Those who bought during the early days of bitcoin not all of them banked money with bitcoin. While some OGs didn't sell, some sold earlier when the price move was a bit enticing to them. That doesn't mean investing in bitcoin now won't change investors lives. Hitherto, this is the right moment to purchase bitcoin and hold for the bull run. Investors who don't know the right time to buy will wait till its bullish before investing again into bitcoin which is why some profit and the other lose woefully
2562  Economy / Gambling discussion / Re: Candidates for the WORLD CUP 2022 Winner on: November 29, 2022, 06:10:29 PM
The list above contains strong teams which makes it difficult to choose a winner. However, Brazil and England tend to have a better chances of wining the game. Brazil won on two outings while England draw to the USA is not favouring to the English team.  Argentina on the other hand could win the tournament but losing to Saudi Arabia is not encouraging, yet its not a complete defeat they'll bounce back. looking at Neymar on injury, which may derail strategies for the Brazilian team, though Neymar will heal soon,  he may not play superbly as he did before he sustained the injury. I'd say that England is at a better chances of wining the world cup though Brazil is doing perfectly well in this tournament. Let's keep watching.
2563  Other / Beginners & Help / Re: Is there best way to seek people's attention on bitcoin? on: November 29, 2022, 05:46:49 PM
Bitcoin, OP, is a technology you should learn first before witnessing to people about it. When that is done, they're multiple means of reaching out to people about bitcoin. People want to understand better what bitcoin is about. And its not hard to get their attention.

First, you can walk up to some people in a long ATM queue waiting to withdraw cash, transfer, or make payments; these are people who are frustrated by the banking system, talk to them about a sweet alternative which is bitcoin. Since they're in a queue they'd have no other option than to listen. You'd be surprised to see more ears listening to your conversation.

Second, talk to friends about your new discovery, bitcoin, how it works and its importance to the future of money in our society. You can as well take things to social media and create some awareness there. The benefit of this is that the more you share your knowledge the more it increases. Don't stop at what you think should be done.

2564  Bitcoin / Bitcoin Discussion / Re: Bitcoin Journey Began 40 Years Ago; is this the end? on: November 28, 2022, 07:57:52 PM
Vividly, I could remember a story of how people lost lots of money on liberty reserve when it got closed. People had no other option than to switch to bitcoin when it was released and bitcoin seemed safer. That's how innovation works, Satoshi had an idea that will replace liberty reserve, a big competitor to bitcoin, but he didn't relent. Unlike liberty reserve bitcoin cannot shutdown, but a bitcoin exchange can, I'd say that liberty reserve functioned like the cryptocurrency exchange. Because I wasn't there to witness how it worked. More like a centralized payment method in a decentralized form where users online need a recipients key to send them money. These digital cash keeps evolving and cryptocurrency, indeed, looks like the endpoint.
2565  Bitcoin / Development & Technical Discussion / Re: Simplicity - A new advanced programming Language for Bitcoin on: November 28, 2022, 07:40:52 PM
Simplicity has numerous potentials, one is the ability to implement vaults on the blockchain, which allows for a devaulting withdrawal interval before a coin gets to its destination, within this period a user can decide to cancel or approve a transaction. This will help reduce the fear of losing private keys to an attacker. As it'll buy enough time for the user to move funds to another wallet, or terminate any transaction altered by the attacker.

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I think speculation about simplicity in bitcoin is extremely premature

With the use of “Jet" simplicity will be easily implemented into real life and won't be speculation anymore, and if multiple of them gets implemented, jets can run a simplicity program without the blockchain, but in rare cases, as the blockchain can't easily get out ruled. In addition, the Jets can reduce the bitcoin script size to smaller bytes.

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Earlier this year, by extending the C implementation to support jets, and implementing key functionality with a modified version of the high-performance libsecp256k1 library, we were able to recreate the previous release’s test transaction, but now with a greatly reduced program size of 448 bytes, down from 14,635 bytes! For reference, a standard Bitcoin script of similar functionality is 107 bytes. There are still plenty more jets to implement, which will further reduce script sizes, but these numbers and the surprising compactness of Simplicity script object code, shows that Simplicity is practical and usable in a blockchain context.

Roconnor-blockstream on a GitHub discussion when a question was raised about this PR also added that simplicity will help make the bitcoin script low in size thereby making it concise.

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Additionally we should note that Simplicity is implemented as a new Tapleaf version and different Tapleaf versions can be mixed inside a Taproot. This allows one address to contain a (disjunctive) mixture of Simplicity and Script. I think Script will end up being slightly more concise and hence lower weight to use for policies that it is capable of expressing, so it is likely sensible to mix them together.

However, the project is still in progress, but the proposal has good qualities that'll reshape the bitcoin script and add other features that could make the blockchain simple and user-friendly.

https://medium.com/blockstream/simplicity-jets-release-803db10fd589
2566  Economy / Gambling discussion / Re: Your Favorite Casino Games with a Buy-In feature on: November 28, 2022, 08:46:03 AM
Bonus buying is interesting when playing Money Train 2 from Relax Gaming, but the interest diminishes along with the losing outcome. If I stake 100× my bet about $150 to unlock the money cart bonus, and end up wining $30 I'll lose interest because I just lost $120 in a bit. However, the wining can be encouraging, which depends on discipline and bank roll. Out of curiosity a player can waste more money with feature buying than playing gradually. Some games offer bonuses after spinning more than 10× it all requires patience. Though, if your bank roll can withstand the loses then its not a problem.
2567  Bitcoin / Bitcoin Discussion / Re: Each interaction with the blockchain network review information about you on: November 27, 2022, 10:14:12 PM
Every cryptocurrency user should be a researcher, funny how a lot of people think that cryptocurrency is anonymous and untraceable, and comfortably use it for illicit business or scam actions. Without reading about cryptocurrency who will teach them the right method to remain anonymous. Hence, also, I've been pondering what happens to the millions of Kyc documents if an exchange gets hacked for instance the FTX hackers, did they get away with people's crucial document?

Moreover, the mixer, even, FBI have got tools to trace mixed cryptocurrency. The right thing to say is, that crypto market have lots of careless investors both the retail investors too.
2568  Economy / Trading Discussion / Re: Importance of limit order in crypto on: November 27, 2022, 09:40:14 PM
Unlike instant buy, limit order is like a watchdog that observes the market price for a trader and executes an order when the price of a coin gets to the limit prepared by the trader.

However, your post on limit order is quite unarranged, try to read other posts in the forum and structure yours like that. Always have space between paragraphs to improve readability. Preview your contents before posting them, it'll help you rethink on a suitable structure for your writing.

Lastly, I think the trading board is cool for this post.
2569  Bitcoin / Bitcoin Discussion / Re: El Salvador Establishes New National Bitcoin Office on: November 27, 2022, 03:13:25 PM
Bukele is left with 6-7 years to rule El Savaldo if he wins the 2024 election. Purchasing 1 bitcoin everyday for 6 years is estimated at a total of 2190 BTC added to the 2380 BTC they've got in stock. As I was reading the article, something crossed my mind, if the next president of El Salvador happens to be interested in Agriculture other than digital currency he would move the accumulated Bitcoin into that sector. Thereby, shattering Bukele's dreams, unless the next Government continue buying 1 BTC when Bukele completes his tenor, El Savador won't achieve alot with Bitcoin.
2570  Other / Beginners & Help / Re: Not all crypto meetings are good on: November 26, 2022, 11:01:52 PM
Indeed cryptocurrency meetings that's only focused on trading on a specific exchanges is quite incomplete. I prefer watching developer's conferences where varieties of blockchain project teams, each, come to teach people how they operate, and their long term aim. The trading niche is speculative and uncertain. People must stay watchful regarding trading especially newbies. The meeting you attended was a sponsored meeting by FTX more like an advertisement for the exchange. And many fell prey to this marketing strategy because no one could predict correctly what's next in the market.

When venturing into the cryptocurrency market one must expect the unexpected; at first nobody could predict this FTX bankcrupcy, Luna crash and other hassles that affects investors and traders. Its our duty to stay updated and abide by the rules, do your own research and own your keys. Like you said; people relax with the impression that exchanges are under a serious regulation. Thereby, trusting their funds on the hands of these exchanges. In a nutshell, those who don't research always fall victim to the disputes of this ever volatile cryptocurrency market.
2571  Economy / Service Discussion / Re: Three US lawmakers' reactions amidst FTX collapse on: November 26, 2022, 10:25:18 PM
It's funny how they are trying to make it seem like their primary interest is the safety of US investors when in fact the goal is to tighten the grip and to have greater control of the crypto economy. More regulation means more taxing and new ways to identify crypto users. They don't see the fall of FTX as a sad event that caused harm and financial loss to US citizens, they are angry that because of the bankruptcy there will be a shortage of tax money coming from crypto.  

The US Government is mostly triggered by that which profits them, it'll take nothing to regulate these exchanges, but the funds gotten from these exchanges used for election activities dulls the impression and at the end everyone lost the race; the bankruptcy affected the Government in different manners. Now, they've got to blame the SEC for not taking action like the SEC is uncontrollable. I don't trust these law makers, the concepts of executing or passing bills is controlled by unknown inner players within their circle. Whatever is revealed to the entire public is more or less a lie. Because they should have questioned the SEC, when congress man Davidson discovered that the SEC regularly meets up with FTX. These law makers are more interested on the funds than regulating cryptocurrency.
2572  Economy / Gambling discussion / Re: [Boxing]: Caleb Plant vs David Benavidez on: November 26, 2022, 10:00:18 PM
The both boxers have been embarking on verbal fists for quite a long time, now its time for the fight to commence. Next year will be a better beginning for whoever wins this fight. Benavidez known for his trash talks already said he'll beat the hell out of Plant.
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“This fight for me is 100% personal with Caleb Plant,” said Benavidez during an interview with BoxingScene.com. “I’m really looking to go in there and beat the shit out of him.”

On the other hand, Plant needs to get back to his position after losing his title to Canelo, I think a win for him will be of good advantage to his career added to his previous win against Direll, which Benavidez commended, yet Benavidez is not bothered in the least about Plant's win over Direll as he's waiting for the D' day that he'll land numerous KO on Plant.

Quote
“My plan is go in there and do what I know I can do to Caleb Plant and that’s gonna be put a beating on him worse than Canelo.”

https://www.boxingscene.com/david-benavidez-this-fight-100-personal-with-plant-gonna-put-beating-on-him-worse-canelo--170689
2573  Other / Beginners & Help / Re: Consistency is the way out. on: November 26, 2022, 08:55:54 PM
Working under pressure is often seen on people's CV and I wonder why they'd prefer to work fine under pressure. Some people tend to pressure themselves to be able to meet up with their specific goals especially when they've got no boss to pressurize them like in this forum. While others don't like being under pressure in any way, they're people who work with a deadline to gain positive results. There's a saying "that given a enough time nothing is achieved". Those who set a deadline to hit a specific rank in the forum, learn a specific knowledge and pass a certain information, are already under self pressure. I don't think consistency takes out pressure, only the subconscious removes pressure most especially self imposed pressure. Therefore, unless the said member hits his goals within the expected time frame he will have no rest. On the whole, consistency helps in any field, but rarely cures pressure because working under a deadline requires congruous pressure.  
2574  Economy / Gambling discussion / Re: A Chinese Man Won $29,392,922.00 & Refused to tell His Wife and child on: November 25, 2022, 07:26:42 PM
Not letting his family know he won big doesn't mean he won't spend or meet their needs with the money. He has got his reason which is handwork, if his family finds out, the money may not stay for long or get invested the right way. No money is too big not to vanish. Moreover, some athletes that got compensated with $100m still go bankrupt. I think his opinion shouldn't be justified as unjust he is doing it for his family safety and a way of securing a long lasting wealth.  
2575  Bitcoin / Development & Technical Discussion / Re: Hardware Wallet on: November 25, 2022, 09:13:25 AM
And i want to make a project of building an hardware wallet (something like Ledger )
Please don't make it like ledger  Tongue


In my opinion this is pure waste of time if you are single guy who is starting from zero without any background experience in making products.
You would have to compete with some big players, so this is battle already lost.


You are right, but if OP should have innovative concepts like attaching his wallet app to XMTP (Extensive Message Transport Protocol), I don't know if Hardware wallets are eligible. It's a new program with fewer applications and users. Now, OP can start by creating a wallet with other features for people to interact via sending and receiving messages through the XMTP server. It works fine with EVM, Smart contract wallets. His wallet users will not only transact funds, they, too, can send messages. XMTP has a simple procedure, The wallet user only needs to request a signature from XMTP that signifies he/she is from a specific blockchain app attached to XMTP, for instance, OPs wallet.

Though, like I said; they're new, we are to expect some loopholes on the web3 based project, and their problem is that the encrypted keys generated for users are stored on-chain. So if a malicious App, which I hope OPs wallet is not, gets attached to XMTP, they can access their users keys on the XMTP servers by providing the exact signature to XMTP, which will grant them access. Their programming team, currently, is working on such a problem, and a password-hashing app like Argon2id can solve this dispute for them.   Therefore OP can achieve such a goal if he's working on a commercial wallet business, he has got metamask, coinbase wallet, Rainbow wallet as competitors, yet the competition is not much compared to the general wallet market.


https://xmtp.org/docs/dev-concepts/signatures

https://github.com/xmtp/xmtp/discussions/16
2576  Economy / Gambling discussion / Re: Do online casinos disadvantage some locations from winning big on: November 25, 2022, 03:55:47 AM
Do you have any evidence that backs up this claim? Many online Casinos especially the live Casinos work under the provably fair policy and such things aren't expected to happen under this policy. Unless the Casino in question don't have provably fair policy then it's said to be possible. If you are having any doubt about the Casino you are using then go for another online casino and stake bets. But, generalizing on all online Casinos to be a part of this action, I don't believe your instincts are correct. Like every other persons, Casinos only restrict some regions from playing not from winning.
2577  Bitcoin / Bitcoin Discussion / Re: We can’t vote our way to freedom, but we can build our way to freedom on: November 25, 2022, 03:28:02 AM


We can't live in a society without rules. Virtually, we have Bitcoin and all of us may have all the freedom but offline, we're all going still going to be under control in a dystopian kind. The world was actually great as it is if there isn't just wars and plundering of other countries but this will be hard to solve by blockchain app.



Even, they are rules that govern the internet, but the people have choices they can decide to boycott those rules. The cryptoanarchists doesn't mean they'll be zero rules, no, though slightly yes, because it won't be enforced on the people like the Government do.

Their main aim is to have a world where citizens other than the government control those rules. And you'll think of illicit activities coming back again like armed robbery, car jacking etc. On the contrary, when the people control these rules they'll be fewer rooms for such activities. Because, the police will be under the people's control.

 Back to the internet, Bitcoin is being used for illicit activities because they're no external rules attached to it except the cryptographic rules that govern the block chain which nobody can meddle with, yet the master cards by the banks with multiple rules on it are used for illicit carding activities too. Therefore, I don't think they's a side that'll knock off crime entirely and ensure 100 percent Freedom.
2578  Other / Beginners & Help / Re: This whole mess looks like a big conspiracy theory to me, something out of movie on: November 25, 2022, 03:04:37 AM
Apparently, I'm not clear about CZ moves in this same situation, he blew the whistle and offered to buy the exchange before it collapsed. Hence, no doubt, he is behind the CEX scene so he knew something about this yet his hands are clean.

The blame goes to the SEC for not regulating exchanges. According to Rep Warren Davidson; in his tweet, he said that the SEC had multiple meetings with FTX before this incident and he's surprised that the SEC haven't taken action regarding the CEX regulations. On the whole, his statement is pointing to a direction of incapability, the SECs seem weak for the job.

 And many reports or tweets sound it that Gary and Sam including the Alameda CEO have got some mutual relationship. In a nutshell, when money is the goal most officials won't take action. SBF is the scape goat they're other people behind the FTX bankruptcy.
2579  Economy / Gambling discussion / Re: Avoiding exchange flat rate withdrawal fee on Bitcoin when sending in Casino on: November 24, 2022, 01:37:56 PM
I think many got confused on my intention of this post but to clarify things here, My main goal on doing such complicated thing is not for holding purposes only but to play gambling at the same time that’s why I’m storing my money on casino instead of withdrawing my money directly on non custodial wallet. I do regular bet on casino whenever I like to kill time and at the same time hold Bitcoin. I only hold what I can afford to lose and I’m not an addicted gambler that’s why I can control all my bet in the casino.


Indeed, OP, your action is not only complicated, but risky too. Holding a chunk of money on Casinos have multiple downsides, like getting restricted for abusing their TOS. Some Casinos have got complicated rules and it'll surprise you to know that if by some reasons whatsoever, you stop playing games on that casino for a certain period of time they'll ban your account and the funds will be history. As it'll be linked to their doormant account rule. Unlike wallets no matter how long, your money will be there always under your own control. Always play safe.

2580  Bitcoin / Bitcoin Discussion / Re: We can’t vote our way to freedom, but we can build our way to freedom on: November 24, 2022, 01:01:28 PM
Crypto anarchists effected this concept of freedom, where citizens control a bigger percentage of rules in the society. As a result, bitcoin was created by this initiative to give the people dominance on their money. The foundation of this idea is to eliminate tax and detrone the government from ruling. But, it seem impossible, the government have the power to terminate the internet.

Happily, it's rare, yet they can take such risk to remain in control of the people. And it's the greatest fear of the cryptoanarchist because without the internet they'll be no Bitcoin (the key player of crypto anarchy) or cryptography at large. Therefore, the Government could continuously stay on the driver's seat of the people's livelihood.

 Bitcoin is dominating banks but, Fiat is of great use to Bitcoin traders, like a mutual relationship, they work hand in hand. It'll take years before all the people in this planet can own Bitcoin and use them peer2peer without the help of banks.
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