...A little later that day, I dropped $190, I had $244 and I was trying to pay for dinner at the restaurant for about $230. But two attempts were unsuccessful....
Many restaurants authorize for 20% to 25% more then the check. This will cover tips / additional items added after the 'closing' of the check. Was a waiter back in the day and you would be amazed how many times there was '1 more drink' or 'lets get that desert to go for the kids' after the check had been printed and the card swiped. -Dave |
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Kind of OT for this post but I think it would be good if someone could build the what would have to be a lot of bloat and complexity into core and the protocol that would allow a 2nd mempool so to speak that only has 0 fee tx in it.
It doesn't seem to need that much complexity and definitely not a secondary mempool. It only needs a new condition to reduce the minimum fee from x to 0 either manually for all conditions or automatically when the mempool size drops below a certain size. That would leave it open to abuse. Mempool small enough to get in a 0 fee TX, send out all these TX to bloat it and push the fees back up. We all know that people would do that. Having a 2nd separate one would eliminate that. As I said, I really really really don't think that would ever happen, but it would be nice. -Dave |
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Control of the top 4 btc mining pools is all one needs to 51% screw btc.
Which are controlled by different entities entirely. I can say I can control 95% of the GPU market by just forcing 2 companies to do something my way. Could something happen short term, possibly however unlikely. But, once word got out, and think in terms of minutes or hours that they were doing something wrong, you would see hash leaving those pools and going elsewhere. I am going to say that with a lot of PoS coins people set it and forget it and may not even have any idea on how to move thins or cancel staking. (With the current version of ETH staking can you even cancel it?) I think I would be more worried about my roomba turning against me then mining pools turning against BTC as a group. -Dave Really, do you even know if the 4 mining pool operators are not the same entity. Yes Foundry USA is a public company. And with the 'great mining migration' out of China last year it was very easy to see how other pools behaved. As you get into the smaller ones the operators are well known, many are even here on this board. How many cardano pools are on AWS or similar hosting? Either way welcome to my ignore list enjoy your shitcoin. -Dave |
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Control of the top 4 btc mining pools is all one needs to 51% screw btc.
Which are controlled by different entities entirely. I can say I can control 95% of the GPU market by just forcing 2 companies to do something my way. Could something happen short term, possibly however unlikely. But, once word got out, and think in terms of minutes or hours that they were doing something wrong, you would see hash leaving those pools and going elsewhere. I am going to say that with a lot of PoS coins people set it and forget it and may not even have any idea on how to move thins or cancel staking. (With the current version of ETH staking can you even cancel it?) I think I would be more worried about my roomba turning against me then mining pools turning against BTC as a group. -Dave |
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Although impressive as @mk4 said it's an outdated OS on outdated hardware.
@NotATether is correct in that gestures as lock codes are insecure, but on more modern hardware and OS some things are not possible to be obtained as easily. Sometimes it's just better programming. As in the hash is generated based on a time when the phone is powered on for the 1st time. NOT on a predefined piece of information.
Think about it this way. In the old days you had a fairly easy to pick lock on your car and hoped that the annoying sound of your car alarm would stop someone from stealing your car. Then we got security keys, which helped somewhat but after a while they were defeated too. Now we have a RFID tag in the key and a separate transmitter and receiver in the key that has 2 way communication with the security module in the car. So the BCM (body control module) talks to one thing and the security module talks to another. Stops the more casual thefts but not the pros.
-Dave
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I don't like this system very much because in case you lose both your A and R keys you will lose everything, and you won't be able to recover your coins.
In case you lose A-key, you will need to buy new A-key because R-key can only be used for backup, and you can't add wallet, add account, add coin or move assets.
While it does look neat, I would not buy it. I don't think that I'd buy a HW that doesn't allow me make an old fashioned non-electronic backup. If that's the only option, I'd simply use cold storage for the relevant funds. +1 to that And it's closed source. So we will never know what it's doing. Seems like yet another device that is an answer in search of a question. Add in their U-Hide software and it really starts to look like a gimmick. -Dave |
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The transaction belongs to F2Pool. The inputs are mined coins . They themselves mined the block so they included their own 0 fee transaction in it. Other mining pools wouldn't have included that transaction in their block
Any fee they pay will come back to F2Pool anyway
IIRC there are a few other pools that do that too for their own transactions. Kind of OT for this post but I think it would be good if someone could build the what would have to be a lot of bloat and complexity into core and the protocol that would allow a 2nd mempool so to speak that only has 0 fee tx in it. People could still consolidate their small inputs when the main mempool was empty BUT their TX would not be filling up the main mempool. Want to conoldate but don't care when it really happens send a 0 fee with this flag and possibly some pool would pick it up. Would it be worth the program / logic bloat is tough to say but I think it would be nice. Not going to happen, but it would be nice. -Dave |
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It's still WAY above the 2018 lows and the the 2020 lows. So looking at it from that perspective shows how far BTC has come. No matter what happens globally no matter what happens in the short term BTC always comes back.
I know we are a small section on BTC enthusiasts here so we look at the day to day - week to week - month to month - and so on price a lot more then other people. But from the overall movements of the price a lot of people seem to keep buying and holding.
-Dave
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I know too well what this statement means, that you should grab every office supply you can get your hand on and run as you won't see any more paychecks from the "restructured" entity.
The Simpsons said it so well: https://www.youtube.com/watch?v=0P2DwJuhIAEBeen poking around and it seems they stopped paying bills regularly when BTC started dropping from the ATH. So either they did poor planning and could not make enough money to survive, or it was always setup to be a scam from the beginning. Guess we will have to see if & how it plays out in court. -Dave |
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The other issue with spelling and grammar checks is people who post form mobile. I have posted some things form a phone wile on a train. Sometimes they are long well formatted posts. Other times they look like I was drunk posting. And when I go back later I really wonder how I did not catch / fix a bunch of the mistakes before hitting post.
Eliminating that reason however, many times in a technical discussion there is no proper grammar. There would have to be exceptions for posted snips of code. And quotes would have to be ignored. And a way to show that something is math. Log files would have to be ignored and so on.
-Dave
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I bought a couple thousand dollars worth of Bitcoin from Coinbase on June 18. Some of it was available to send to my hardware wallet immediately, but $1,000 of Bitcoin was kept on Coinbase. They sent me an email claiming that I would be able to send or trade the remaining amount on June 28.
I used a bank transfer (and Ledger Nano S to withdraw), but I just received an email now from Coinbase that my balance is available to withdraw. Let's see if I can do it when I try again tomorrow (after dawn).
Looking at the time of the 2nd post I would guess that it's available for withdraw after the 28th. Since coinbase is located on the west coast of the US that would have made it a little after that midnight on the 29th there. Not 100% the same but when dealing with any institution that deals with banks I am seeing more and more the same thing. It USED to be or at least I used to see it more "You will have X available on Y date" Now it's more "You will have X available on the day after Y date" At at 12:01AM it's in your account. -Dave |
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Anybody want to start a betting line as to how soon the anti BTC / trolls in general come out of the woodwork with
1) MicroStrategy is manipulating the price posts.
2) MicroStrategy will have to liquidate positions soon posts.
3) MicroStrategy has no more funds to invest posts.
As was posted above 480BTC although out of reach for most people. For a decent sized investment company it is really not that bad.
Nobody for the most part would even notice if a company with their holdings bought $10 million of medium-high risk bonds.
-Dave
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When I look at things like this I see them more as designer safes as opposed to an old school one that is secured in the foundation of your house and then covered by a wood floor and a rug.
Just in general in a smash and grab it's a lot more likely to be found and taken then something that is a bit more generic looking.
And yes you can secure it to the bottom of a table but then why the tamper stickers. If for some reason someone sees it they might ignore it.
Ohhhh....a tamper sticker, I wonder what is inside of it......
-Dave
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Good luck. Hope you heal quick.
-Dave
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And it looks like they defaulted on some other stuff too: https://twitter.com/DynamicsMining/status/1541262827096358912It's going to be interesting to see how this all plays out since it's US based you can't just as easily vanish as in other parts of the world. But, much like not your keys not your coins. How about not your miners not your hash. -Dave |
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4,500 Bitcoin ($95,456,555)
aggregated inflows to Coinbase Pro. Big inflow into Coinbase Pro . Be careful now. could be a reason to a price pull back. specially from Wallets which has more than 10k Btc And also with High CDD ( Coin days destroyed ) . it could means some of long term holders are selling Their Bitcoins.
If you are worried about 4500 old BTC (less then $100 million) being traded then you are a very skittish investor. For all we know that person just moved it and put in a sell order @ $35000 and will keep an eye on it because they think in the next few weeks there will be a 50% bump in price. Or they were worried about something else and moved it there to move it someplace else. Or they want to have a bunch of liquid BTC so they can sell @ $22000 and buy back @ $20000 and sell again @ $22000 because they think that it's going to be cycling between the 2 for a while and want to keep making 8% to 10% during those cycles. -Dave |
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A lot of RFID communications are also SHA 256 on the powered side. I don't know if it's a standard or just what the systems I have seen use.
Also it's the standard of a lot of VoIP things, although that might just be coming from the SSL side in general.
And so on.
It's a popular standard, I would not read much into it being used for BTC.
-Dave
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The SSL not auto renewing seems to be happening more and more often to letsencrypt sites happened here too last week: https://bitcointalk.org/index.php?topic=5397602.msg60441862#msg60441862and also to a server I manage for someone. Just stopped renewing. There are some discussions about it on hosting forums but no real solution as of now that I can see. The fun of random errors that don't reoccur. -Dave |
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Also, keep in mind if you are staking your coins there is usually a cost of time and effort to unstake them. Or if you are using a centralized service there can be other costs.
AND if for wherever reason you are disconnected from the network there may be penalties and so on.
If your mining pool goes offline most mining equipment has the ability to add multiple pools so you don't loose that much.
If your preferred mining pool starts supporting proposals you don't like you can change pools.
And so on.
-Dave
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Without knowing a lot more detail about what was planned or many other things it's also all just guessing as to why.
Were they planning to sell 10000BTC for something anyway but because of the depressed market only sold 4000BTC just to cover some things?
We have what they say and what we speculate. But there are probably 1000s of factors going into those decisions.
-Dave
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