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CSW IS NOT SATOSHI!
/thread
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After the bearish trend, Bitcoin (BTC) is trying to gain back the momentum from the recent low of $9,657. On June 3rd, the bitcoin price has gained more than 12% of its value in recent 24 hours, which is the best result out of top-20 coins. According to 7-day chart, BTC is still down nearly 8% as the market is rocked by high volatility. So, the price of Bitcoin changed and you think that people who are interested in the price of Bitcoin here on bitcointalk don't know? |
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snip...
There are issues to be fixed like pooling pressure, true(and I'm working on it)
...snip
Mind to get into more details about this? Sounds interesting. Well, I've been investigating this issue for a while. In this article posted in bitcointalk, I've mathematically proven that both mining variance and proximity premium flaws, the two most important factors behind pooling pressure (the force which pushes miners to somehow "collude" by means of forming pools), are direct results of Satoshi's choice of a winner-takes-all approach to mining reward distribution. Briefly speaking, winner-takes-all approach to PoW, leads to a Bernoulli distribution of chances and for small shares of total hash power, and by small I mean shares less than 0.001 which for current bitcoin network it is about a farm with like 4500 S9s installed, mining is no longer an industry but a gambling business (fair gambling tho) in which you have definite chance not to hit a block for days because of variance. Also, I've proposed a framework for solving this problem earlier and I'm busy developing it by extending the idea to another BIG problem: on-chain scaling! The idea is to shot both birds by one and only one bullet and prove one point: Cryptocurrency is not doomed unlike what Vitalik Buterin have suggested almost directly by his ridiculous claim about the existence of a trilemma. From a pure technical point of view I'm personally convinced that both problems: centralization of mining through pools and on-chain scaling have common roots in winner-takes-all model and I'll publish my work asap, but technology is not the main challenge, community is, imao. I'm not ready for fighting with people who are so insistent on not upgrading bitcoin and keeping it as is: a secure store of value and nothing else. It has been months since when I've finished every single design issue and I'm just hesitating to say a word because I'm not optimistic about what happens when you come with a hard fork proposal, I want bitcoin to improve and it should happen in a friendly environment with cooperation and friendship, it is what bitcoin is or supposed to be, a campus for good people, isn't it? But things don't work like this in bitcoin nowadays, unfortunately. Thanks for the read, although I wouldn't call pooling a problem. It was rather a solution against centralization, because at some point in the past, small miners would've had to wait years to find a block. By combining computing power (pooling) they were able to lower the variance. The fact that at this moment we have a low amount of big pools could change anytime. For example when some small country governments want to get involved seriously into Bitcoin mining. These could build huge mining operations at the lowest electricity cost possible. Other countries would definitely follow out of FOMO and we would see a new global level of a mining race. I am still interested in your hard fork proposal esp. the part about how you want to avoid pooling. |
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I can't imagine one reason to use a facebook coin.  |
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FYI:
Clarification : I said Bitcoin did not have to choose PoS,
but I personally believe a well designed PoS is more secure than bitcoin current PoW.
Instead of 'believing', you could provide a proof by creating an altcoin with the 'well designed' specs of your choice. If you are right, it should go up the roof and in a few years people would trust the security of your coin so much, that Bitcoin will be forgotten in a week. I could be wrong, but I think that Bitcoin had no such value, that it has now, if it was cheap and easy to mine. |
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snip...
There are issues to be fixed like pooling pressure, true(and I'm working on it)
...snip
Mind to get into more details about this? Sounds interesting. |
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It is indeed interesting to see, that an early miner waited 9 years to move his coins.
It could very well be that this miner was a young nerd playing around with his laptop back in the days and now reached a point where he is going to buy a house or somethinig. These old movements should function as evidence that coins not moving for years aren't lost or whatever. There have been articles where 'research' pointed out that this or that many million coins are lost, but that doesn't have to be the case as we have seen here. If he wanted to buy a house with that money, he could have sold it a while ago and buy two of these houses ... or one house double as large, but I agree with the 'evidence' thing. |
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Just wondering on why coinbase is the origin,basing; Coinbase
CEO: Brian Armstrong (Hun 20, 2012–)
Established : June 20, 2012
Earnings : 1 billion USD (2017)
Number of employees : 500
Founders : Brian Armstrong , Fred Ehrsam
Subsidiaries : Paradex Inc. , Grafly Inc. , Earn Global, Inc. ,
Hence,transaction happened 2010-12-17 This isn't satoshi and just as said above this might be owned by an early miner who do decide to buy up some house.  Has been answered Coinbase doesn't mean, that this is a transaction from the company 'Coinbase', but, that this was a mining address, which minted 50 BTC in 2010.
It is indeed interesting to see, that an early miner waited 9 years to move his coins. It is from block 97,972 and therefore could have been any early miner. Maybe he wants to share the reason for the long wait. Let us know!
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why no one discusses this address? 18tCaHs7XwyJnctsCWDLaPX2GyEsNetuP4
this is one of Satoshi purses or not?
because the balance was leaked
18tCaHs7XwyJnctsCWDLaPX2GyEsNetuP4Anybody can own this wallet. I guess nobody would know that except Coinbase. Because the BTCs sent by Coinbase to this wallet. Who leaked this info? Have you any source? Coinbase doesn't mean, that this is a transaction from the company 'Coinbase', but, that this was a mining address, which minted 50 BTC in 2010. It is indeed interesting to see, that an early miner waited 9 years to move his coins. It is from block 97,972 and therefore could have been any early miner. Maybe he wants to share the reason for the long wait. Let us know! |
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Hi guys, where do you think should i put my remaining $1300USD? Any suggestion please? and why?
Drugs and hookers. Very good advise sir, i really appreciate it  You are very welcome, M'am.  |
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So OP. Did you buy when I told you so or you are yet indecided?
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And you think this is something new to open a new thread?
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Hi all,
I have money in a UK bank account and I would like to send it to somebody in Malaysia.
It seems simple enough to go GBP -> BTC then BTC -> MYR.
But the recipient is unwilling to open any crypto related accounts currently and, due to AML, I cant use, for example, Local Bitcoins combined with their local bank account (as it's in a different name and would fail verifiation).
Is there any other way currently? Or must I wait for the industry to mature further?
He could use Bisq to sell BTC in Malaysia face to face or any bank account or whatever. |
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How stable this coin will be, when bad things happen, like share price goes down, exploits showing up, insider steals coins, Dollar gets devaluated etc.?
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According to technical analysis Bitcoin price is currently trading in a triangle pattern, marked by a narrower and narrower range. With the decrease in volume, a break is increasingly likely. Moreover, it seems that the break of $9,400 might lead bitcoin price to reach a next resistance level of $9,800, $9,900 and $10,000. While the whole crypto ecosystem is eagerly waiting for BTC price to reach $10,000. According to few analysts Bitcoin will easily surpass $15,000 if it gets $10,000. Read more to find to find the complete price prediction by experts and crypto analysts : https://coinpedia.org/news/bitcoin-price-analysis-bulls-eyeing-fresh-increase/Will you stop posting forever if you're wrong? |
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Buy now and buy more at the dips. This is the best long term (>5ys) strategy.
My last years strategy was to wait until the price went lower than 5000 and then keep buying more all the way down to the lowest at 3500. I am selling almost all these coins for 2x. Some are still waiting for the 10000 jump.
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Lol bitcoin surpassed $9,000 month ago its just happen that it slipped down as soon as it hit the $9k value,and this last pump we reached $9,300 highest for this year before q2 end up Buy now and rebuy when price goes down.
What?maybe what you are trying to say is SELL now and rebuy when the price goes down again No. I am trying to say what I wrote. Buy now and buy again (rebuy) when price goes down. If price goes up after the first buy you are fine and if it goes down you accumulate for the next bull run. It all depends on your goals. You want long term investment, than buy and rebuy the dips should be the best and easiest strategy. If you are trying to make short term money, things are way more complicated and it needs some experience and/or luck to make profit. Tip: You can run a long term and a short term strategy at the same time. This is what I am doing. |
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It will bring a lot of new people into Bitcoin, because they will all want to feel the real deal.
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