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2561  Bitcoin / Development & Technical Discussion / Re: NFTs in the Bitcoin blockchain - Ordinal Theory on: February 18, 2023, 04:53:06 AM
Thus the original one would have to be the one that has the earliest 'block' time on any chain.
Alas you can fake the block time ...

You'd simply have to watch for a new NFT on bitcoin, then mine it into a scamcoin chain and timestamp the scamcoin block earlier than the bitcoin block ...
Your statements are based on the false assumption that people care about uniqueness of a token they buy (they don't even care about their utility). People who buy tokens are buying them to make profit from their pump, wishful thinking of course but they don't care if the duplicate of the same thing existed in the same chain let alone existing on another as long as that little hope for profit exited.
2562  Other / Beginners & Help / Re: Bitcoin Address on: February 18, 2023, 04:42:04 AM
Also know that the more characters you want the more computational power it takes, generating just first 4 characters can take a minute, 5 characters can take an hour, 6 characters can take 2 days, 7 characters can take 3 or more months, 8 characters can take 13 years or more if using just a computer, but you can use GPU to increase the computational power.
Your benchmarks are a little off. In 2 seconds, I was able to generate >500 addresses starting with "bc1qkrash", which is 5 characters, and it took me 3 minutes to generate the following address starting with "krashfre" (since "i" is an invalid character), which is 8 characters.

The times for bech-32 addresses are much shorter than for base-58 addresses because of the reduced number of symbols. Finding a base-58 character is equivalent to finding 58/32, or 1.8 bech-32 characters. So, finding 1krashfir... will take about 116 times as long as finding bc1qkrashfre...
58 being a weird base has its own implementation difficulties which don't exist for a base 32 which also aligns easily with the available variable types under the hood which makes implementation easy and so much faster for Bech32.
2563  Economy / Speculation / Re: BTC bulls back? on: February 18, 2023, 04:22:44 AM
Once again price is heading toward $25k+ with a good momentum but so far we haven't seen it truly broken since there are sales taking place at that price preventing the momentum from gathering enough force in an attempt that looks more like market manipulation than healthy trades taking place.
If we could see this resistance broken, we could continue seeing much bigger price since there will be a jump after that and the next target which is $30k will be reached in a very short time.
2564  Economy / Economics / Re: No petrol/diesel car sales by 2035/ Reality or dream? on: February 17, 2023, 04:54:26 PM
I also think that the big oil producers will not just accept that their black gold becomes less valuable with the potential to become completely worthless in the future.
It's never gonna happen simply because despite popular belief petroleum is not just used as fuel. Loads of different products are being derived from petroleum as products. From the makeup women use to the shaving cream men use, to plastic that is used in almost everything like your home appliance and even the "Electric Cars". It is even used in manufacturing fertilizers so the food industry is dependent on it.
2565  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: February 17, 2023, 04:37:01 PM
By sender, you mean the guys running Bitcoin nodes. From what I've read they are the ones who can only create ordinals?
Ordinals is a fancy word for bitcoin transactions that contain garbage in them. Anybody can create a transaction and you don't need to run a full node to create or broadcast them to the network.
2566  Bitcoin / Bitcoin Discussion / Re: Bitcoin Monetary Policy But Things are Changing Now (Taproot) on: February 17, 2023, 03:09:20 PM
Well said, I know it's nearly impossible for the Bitcoin community to accept any type of POW to POS solution in the future.
If some day a new algorithm is invented that at least provides the security that PoW provides and offers enough advantages over it, I don't see any reason for bitcoin to not switch to that new algorithm. The thing is, we already know that PoS is severely flawed and adds more problems than it solves. This is why talking about such a switch is more like a joke. After all PoS was invented in ~2012 and failed then and there.
2567  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: February 17, 2023, 03:02:00 PM
Yeah i dived right into a new pool here from Twitter and Reddit where people are cheering over this as the next great thing in the universe. And it seams mostly fueled by hope of selling overpriced jpg's to other fools who hope to do the same thing. And nobody seams to be thinking any further than that.
Exactly. But this has been a plague that has infected the cryptocurrency scene mainly from 2017 when the ICO scams started becoming very popular and we had a mania for a while. Ever since then a certain part of the community is convinced that creating useless tokens is a real "utility" that helps adoption!

So i am not 100 on how this all works, but do i also have to be watching out for what's on Sats that i receive?
As i have understood it, had it explained to me: An Ordinal is all extra data on each Sat?
I tried to simplify it here, maybe that helps.
In short there is nothing attached to the "satoshis" you receive, they are inside the witness of the transaction the sender creates and shouldn't concern you in any way. It also has nothing to do with the amount (or satoshis) regardless of what the advertisers say (eg. "rare and exotic sats"), it is just an arbitrary data pushed to the witness stack.
2568  Economy / Economics / Re: The world continues dumping US dollar (Gold, New World Order, World War III) on: February 17, 2023, 05:10:25 AM
But then, replacing the US Dollar with a heavily manipulated currency such as the Chinese Yuan will have limited impact in international trade.
Well, there is no currency in the world more manipulated than US dollar so that is a non issue with Yuan. But as for the impact, I already gave a reason above regarding Brazil and Latin America and here is another one. Brazil's trade with China is not small at all. Their exports to China is only slightly smaller than US exports to China ($80-$100 billion vs. $150 billion). It is a significant enough amount of dollar being "dumped" and it will have an impact in the long run.
2569  Economy / Economics / Re: Economic implications of a US-China-Taiwan conflict on: February 17, 2023, 04:54:53 AM
How to put this? May be the war rumors is actually a rumor to keep things tidy and neat for the years to come. ~
It is not all rumors though. It depends on how you define war/conflict. A direct armed conflict is highly unlikely but the "war" is already happening in the world, some even refer to it as world war 3.

On one side US is constantly arming terrorist groups in Asia in both West Asia and East Asia. They are also arming multiple small countries around China so that they can act as US proxy (including Taiwan, Philippines and Japan). They are constantly threatening security and trade routes to damage Chinese economy and exports. Specially if you look at the countries that are on route of the Chinese "Belt and Road Initiative" you see the chaos US has been causing there.

On the other side China is sanctioning United States like the recent sanctions on multiple US industries. They are waging their own Opium War by mass exporting fentanyl to US and US neighbors that are flooding US with highly addictive drugs. They regularly invade US airspace and gather massive amount of intelligence on highly classified facilities.

And a lot more.
2570  Bitcoin / Bitcoin Discussion / Re: Impact of altcoins on Bitcoin's early growth and adoption? on: February 17, 2023, 04:30:29 AM
On the positive side, the emergence of alternative cryptocurrencies helped to increase overall public interest in the concept of cryptocurrency and blockchain technology.
Not that much though, specially these days. In early days there were serious developers who were focusing on exploring the alternative solutions and did actual development and innovation. That is long dead now and all we see are devs who are interested in making the easiest thing like a token in order to make the most amount of money in the shortest amount of time.
In other words at this point altcoins are only increasing the interest in making more [fiat] profit.

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By offering alternative options to Bitcoin, altcoins helped to broaden the appeal of the cryptocurrency space and attract new users who may not have been interested in Bitcoin specifically.
I disagree.
People who don't know bitcoin or aren't interested in bitcoin are also not interested in altcoins. In fact almost everyone who has ever touched altcoins were into bitcoin first.

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At the same time, the emergence of altcoins also created competition for Bitcoin,
Not at all because of the reasons I explained at the start.

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In some cases, alternative cryptocurrencies may have drawn investment and attention away from Bitcoin,
Wrong. It is pretty easy to verify too, look at what happens to altcoins each time bitcoin price moves: They get dumped. This shows that people didn't really "diversify" their investment, they just took their money into another highly risky market to increase it and come back to bitcoin.

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This could potentially undermine overall confidence in the cryptocurrency market, including Bitcoin.
This I agree with specially since there has been propaganda campaigns against bitcoin where they point out all the scams in the altcoin scene while the main subject is bitcoin. To an unaware person who doesn't know bitcoin they all look alike.
2571  Bitcoin / Bitcoin Discussion / Re: What would happen in a deflationary hoarding scenario? on: February 17, 2023, 04:23:21 AM
You can not compare bitcoin with fiat currencies and the economy that relies on them. Bitcoin is not and is not going to be (in the near future) the only payment option or even the dominating payment option. Besides, even the example you used is not that simple. Economy in general is too complicated to be viewed or analyzed like this.
2572  Bitcoin / Development & Technical Discussion / Re: NFTs in the Bitcoin blockchain - Ordinal Theory on: February 17, 2023, 03:57:59 AM
Does this mean that we should do everything that is technically possible, though? Or that because something was always possible, it is automatically good / right?
That's the real question.
I'd say we should continue fighting to keep the network healthy. Whether it is to protect it against hostile takeovers or bsv and bcash like attacks or spam attacks. It definitely won't stay healthy on its own if we ignore it.
2573  Economy / Economics / Re: Economic implications of a US-China-Taiwan conflict on: February 16, 2023, 05:47:31 PM
Things are getting scary and out of hand in United States as it is. The most recent shitshow is in Ohio which is like one of those end of the world scenarios with the chemicals spreading slowly infecting and killing everyone on its path. Livestock and wildlife is already perishing and nobody is giving any answer to why the train crashed in first place! Or do anything about it...
2574  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: February 16, 2023, 08:29:33 AM
I may be wrong but to my knowledge stuff on bitcoin blockchain (up to ordinals attack) have been an indirect links to the illicit content not the content itself.
Unfortunately you're wrong: the RWTH Aachen Study mentioned in the Coindesk article from 2018 I linked above discovered at least one illegal picture in the blockchain. Of course, the methods used then to store data (it's possible this was even before OP_RETURN was introduced, although for pictures OP_RETURN isn't of any use due to its size limit) were much more sophisticated, using fake addresses and the like in large transactions that looked like "financial" ones, so there was no "explorer" one could view to see the contents.

Quote from: Coindesk
[...] a widely-publicized report from RWTH Aachen University found one graphic image of child porn and 274 links to content depicting child abuse stored within the bitcoin blockchain.
Source
Yeah, I skimmed through the PDF that was linked there and to be honest I wasn't convinced since there wasn't any proof provided (for understandable reasons of course) and the way they put it sounds like a very subjective matter.
I also specifically don't understand the bold part below. If they have extracted the file from the blockchain, how can it not be verified and why are they referring to an online forum in this case if the file is indeed on the blockchain and not a link to a content on another website.
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The remaining instance is an image depicting mild nudity of a young woman.
In an online forum this image is claimed to show child pornography, albeit this claim cannot be verified (due to ethical concerns we refrain from providing a citation).
2575  Economy / Economics / Re: Economic implications of a US-China-Taiwan conflict on: February 16, 2023, 05:30:16 AM
~
It is good to see that the West now supports the Ukraine the way they support them, but who knows what would have happened if the West decided to not support the Ukraine. Do you think that could have been an additional incentive for Xi Jinping to take action against Taiwan as well? Now that the support for Ukraine is constantly growing stronger and we are probably even going to see fighting jets being delivered, Xi Jinping is probably going to at least think twice before he decides to invade Taiwan. I think there is no doubt now that the US is going to stick to their word and protect Taiwan as well.
Well the West has to support their own proxy in a war they started! If they did anything else you should have been surprised. That is exactly what they would do with Taiwan too, they will give them weapons to fight China as a proxy and die for the Western warmongers.
2576  Bitcoin / Bitcoin Discussion / Re: Bitcoin Monetary Policy But Things are Changing Now (Taproot) on: February 16, 2023, 05:03:56 AM
As of now on Bitcoin, we can create NTfs and more complex smart contracts
Wrong. You can not create NFTs using Bitcoin protocol. It simply is not defined that way. The script complexity has also not changed in the way you think with Taproot.

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which is increasing activity and this new community is the reason for the future market capital increase and dominance of Bitcoin.
What people mistakenly call "dominance" is not dominance at all. It is market cap ratio and it will not change like this as long as thousands shitcoins are being created with billions of [fake] circulating supply which would create fake market cap hence decreasing the ration which is btc_MC/(sum of thousands of MCs).

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But on the hand, the transaction fees may increase more
Fees always go up in all spam attacks. This time it is not different with Ordinals attack either.

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or shifting the POW to the POS
It's like saying "rub dirt in your would if you want it to heal" Cheesy
2577  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: February 16, 2023, 04:52:24 AM
About illegal material: I've read there were already illegal pics and links stored in the blockchain, since 2013 or so:
I may be wrong but to my knowledge stuff on bitcoin blockchain (up to ordinals attack) have been an indirect links to the illicit content not the content itself. This is different from the blockchain actually containing the illicit stuff.
2578  Bitcoin / Bitcoin Discussion / Re: More Awareness needed, 100$ or Bitcoin??? on: February 16, 2023, 04:34:01 AM
Although such videos are not the most reliable source of information but it is not far from the reality. The bitcoin adoption is still extremely low which is why I usually use "1%" for adoption. Keep in mind that awareness is different from adoption. A large percentage of the population has heard about bitcoin and have even seen advertisements from centralized services (eg. Binance) but that doesn't mean they have adopted bitcoin or are willing to use it. Many of them are still brainwashed into thinking bitcoin is a scam or is dumping, dying, etc. Specially younger generation in developed countries with governments who are too scared of losing their power and control over them.
2579  Bitcoin / Bitcoin Discussion / Re: Bitcoin (food for table) on: February 16, 2023, 04:12:47 AM
Bitcoin has feed many people dead or alive,
How exactly is bitcoin feeding a dead person?!

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I discovered that many people source of surviving is through Bitcoin.
How did you discover that? Could you show us the proof too so that we can discover it too?

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Families that have nothing to offer has survived probably because their children are involved in trading bitcoin but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.
That's a terrible thing to do. People should rely on actual work and actual income for their livelihood and only treat investment and trading as a secondary source of income not their one and only income because everyone knows that markets (all markets) can have good days and bad days. Which means trading is not something you can rely on for a steady income.
Not to mention all the risks involved with trading, centralized exchanges, hacks, etc.

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Investment has not making sense anymore. Is just stagnant and dropping down the axis.
Bitcoin dropping stopped months ago! It was also recovering these days.
Besides this contradicts your previous statement about "trading" bitcoin. A trader doesn't need price always going up to make profit. They earn money from volatility which is both ups and downs. In fact the previous couple of months that price went down has been excellent for traders to make money.
2580  Bitcoin / Wallet software / Re: frozenkrill: a minimalist Bitcoin wallet focused on cold storage on: February 16, 2023, 04:01:47 AM
PBKDF2 in mnemonic algorithms such as BIP39 and Electrum is not meant to provide security, in fact 2048 rounds is an overkill itself. It is as the name suggests a key derivation function, a way to derive more than one key from the same seed phrase.

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Safe BIP-39 seed generation with the option for the user to input 12/24 words (complete seed) or 11/23 words (automatically generation of the last word/checksum)
Last word is not the checksum, it contains the checksum. For example in case of a 12-word mnemonic only 4 bits out of the 11 bits of the last word is the checksum. With only having first 11 words, you'll end up with multiple possible words that would satisfy the checksum verification. In other words you can't "automatically" generate the last word.
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