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2801  Economy / Economics / Re: We, bitcoiners, should buy a bank on: December 29, 2020, 12:08:48 AM
The idea is good if small banks exist fully independent... But they take loans from the larger banks which I feel might be problematic.

I don't know what thisd solve. If I did, I'd help to create one but I imagine the fees for such thing would be really high too and we already have binance and a few other sites who seem to be trying to do this (6% on eur and usd, 1% on btc etc)...
2802  Bitcoin / Bitcoin Discussion / Re: Overview of lightning network nodes owned by forum users on: December 28, 2020, 11:58:25 PM
@jackg, I think I misunderstood your last post.
You could connect and open a channel to me, right? Can you tell me what your address is, please? I want to check I can see you on my node info!

I just tried to open one and I got an error saying the remote peer doesn't support multiple channels?

I don't *think* this is on my end but it could be.
2803  Bitcoin / Bitcoin Technical Support / Re: High transaction fees on: December 28, 2020, 10:41:40 PM
Hopefully soon, exchanges should be able to start accepting lighting network payments which will allow you to spend coins to a contract when the fees are low and then send another almost 0 fee transaction whenever you want to deposit or withdraw from the exchange. While in the contract, you still have sole custody of your funds.

There are also other ways of making fees cheaper sich as using a different chain (there might be potential that the erc20 wbtc that some. Exchanges accept could habe lower fees than btc at some times (but I haven't tested this personally or even done the theoretical framework for determining when it'd be cheaper)..

Waves could also be a cheaper option in certain instances - especially for handling exchange conversions it seems to only have a high fee when trying to withdraw bitcoin.
2804  Bitcoin / Bitcoin Discussion / Re: Overview of lightning network nodes owned by forum users on: December 28, 2020, 10:37:50 PM
@jackg, can you try to connect to my node again to check what I see in logs, please?

Yeah I'll get onto it in a couple of hours and give this thread a bump when I do.
2805  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Binance Margin Trading is not working on: December 28, 2020, 07:50:17 PM
You'll probably get. A more accurate response contacting binance support.

Aside from that, have you definitely lent the money for the margin? You can check your history on this and see if you have. I can't think of a reason this'd have happened.
2806  Other / Meta / Re: What to do with posts like this? on: December 28, 2020, 03:25:26 PM
I'd just call it bitcoin related tbh. You can go off on a tangent as long as its not the main substance of it.



Does it make sense to report a post like this because it’s not completely on the wrong board? Maybe moderators could just edit the post and delete the part about altcoin?

Mods DO NOT edit posts. And most mods aren't even allowed to (that'll be reserved for the 5 "admin" users afaik - the ones who can moderate PMs).

2807  Other / Meta / Re: Can we, forum users, affect the bitcoin price? on: December 28, 2020, 01:38:32 PM
I found the forum from Google when I started here, it came up in my Google searches at the top at the time several times so I thought I'd join in case I wanted to post anything...

I think a deeper analysis should be done on this (potentially with api calls on Google) in order to analyse some actual stats as apposed to what that site brings up as it might not be accurate. The social side, if relating to social media, might also be a reference to people clicking on bounty Anns here also.

I always thought we were fairly well covered by search engines and normally competing with other related projects (bitcoin.org, the bitcoin wiki and reddit). 

2808  Other / Beginners & Help / Re: Should I be worried if my VPN gets flagged by Admin here? on: December 28, 2020, 12:35:02 PM
Your saying an established member won't get asked to fork out btc fee if he logs in via Tor? How certain are you of that?

I'm certain of it...

The admin themselves have said they don't trust their anti ddos provider. Most of us are using a vpn or tor anyway.
2809  Bitcoin / Electrum / Re: Missing funds on Electrum, unauthorised transaction on: December 28, 2020, 12:30:18 PM
Do you have antivirus on your machine?

It's possible that a piece of malware has taken your seed or signed a transaction. Also can you check the source you downloaded electrum from (this'll likely be in your browser).
2810  Bitcoin / Bitcoin Discussion / Re: Is there anytime Bitcoin can be deposited and also be withdraw on: December 28, 2020, 03:13:40 AM
Your question doesn't make sense please can you rephrase it?

You can send a transaction on the network at any time you like if you hold the keys and at the limits specified by the exchange if you don't..

A time limit between a deposit and a withdraw can also assumed to be 60 minutes for an initial withdraw processing and 120 minutes for a completed and confirmed withdraw on the network (assuming the highest priority is sought for in fees). 
2811  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think that planned pump and dump is ethically acceptable? on: December 28, 2020, 02:57:10 AM
I think the pumper fuck themselves over a lot.

I trade inter and intra minute timeframes with leverage and it's fun to watch a breakout crash almost as fast as it breaks with a high volume because the pumper misjudged the volume needed to pump it up (people re-entering for example).

They do it enough times that people doing TA should be able to spot it (it's not directly the same as a fake out though either) and anyone just buying don't have much of an affect on their buy price normally either.

Also, one word: DOGE! Where would we be without those beautiful 3x pumps that randomly occur?
2812  Economy / Trading Discussion / Re: IRS publication, webpage or memorandum on exchanging bitcoins for shares of GBTC on: December 28, 2020, 02:00:47 AM
I'm thinking it isn't and it doesn't seem logical for it to be..

There's a law in the UK called something like "overnighting" whereby you can sell and rebut an asset within 30 days without having to pay capital gains tax on the difference (or I think that's what it is anyway).  Since you've essentially swapped like for like though I don't think itd constitute that.

I'd be busy arguing it's a loss also... Since you'll have less btc with gbtc than you would with btc.
2813  Economy / Economics / Re: Out of Reach on: December 28, 2020, 12:21:30 AM

A bit of a conundrum...

The goal of bitcoin was more to produce a digital ecash prototype that works fully decentralised...

It's not the socialist economy product you're imagining. You can own whatever you want, you could've bought at $220 if you were old enough in 2015 for example - what was stopping you?

If we assume 4 billion people have a constant supply of food and water, then you need 0.00525BTC to have something realistic to hold or use in the future.

For 8 billion people, 0.003btc will be out of reach to quite a lot of them so you could also go with that.

21000000 people can only own 1 bitcoin (population that size is tiny, like 4 new Zealand, less than half of England, 2+ individual Scandinavian countries).

210000000 people can only own 0.1, that's less than everyone in the US.
2100000000 people can only own 0.01, that's less than China and indias cumulative  population...
2814  Economy / Speculation / Re: Bitcoin climbs the price level to 27k, what do we expect next? on: December 27, 2020, 07:00:10 PM
It sorta is speculation but we're going up quite healthily, it is still a weekend though - there might be less volume.

A lot of the unexpected moves in crypto happen around the sunday/Monday night gmt imo so we might expect a strange move in either direction by the morning.
2815  Other / Meta / Re: Suggestion to add support for 2FA/MFA on: December 27, 2020, 06:41:28 PM
This keeps being brought up and I assume the admin and recovery service are fast to fix these problems as they're reported and that's why it hasn't been done yet.

It'd make sense to add 2fa for an authenticator and a bitcoin signature option in order to support logging in -but we also don't even have email verification yet either.
2816  Economy / Speculation / Re: Can you really 'Sell High and Buy Low' in this 2020 BITCOIN Bull Run? on: December 27, 2020, 03:21:54 PM
If you sell after a slowdown from a rally, it'll PROBABLY come back to that point. If it doesn't for a few times and giving it long enough to pull back 1 week+ then you might want to switch at looking at more than one piece of information (eg look at the RSI and analyse that before you sell). Or you could start to sell at the start of a pullback and set stop losses in all cases just in case.
2817  Bitcoin / Bitcoin Discussion / Re: According to CoinMarketCap 1 BTC = 0.99997455 BTC on: December 27, 2020, 03:16:08 PM
I see 1btc here.

I assume they use an average to calculate both, maybe one average was out or not yet updated...
2818  Economy / Economics / Re: China to overtake the Us as the largest global economy by 2028? on: December 27, 2020, 02:24:43 PM
I thought China has already overtaken the US this year, or was that just projection? I thought US gdp was around $24tr and China around $28tr or something similar (but with the 4tr+ difference).

I've seen many notable projections also about China and Russia no longer being countries by 2028 (eg splitting due to war or civil differences) which is something I think we'll see a large pressure on a split at some point (especially in china).
2819  Bitcoin / Bitcoin Technical Support / Re: Does this accurately show how a crypto-mining software works? on: December 27, 2020, 01:07:25 PM
Ish...

The miner either returns the hash back after each iteration or computes itself if it's below the target.

Once that occurs and the hash is below the target, the "block" is returned back to the software to be broadcast over the network and fund the wallet.
The address also has to be sent towards the start with the previous block hash that's transferred to the miner to start mining (transferring the transactions at that stage too to the miner) .
2820  Other / Meta / Re: Bitcoin.org need your support ?! on: December 27, 2020, 12:10:18 PM
I doubt money would do as much either. There are probably enough developers that could program parts of it for much smaller donations.

And as @Mbitr points out, the ownership of the two domains was split quite recently.




I support the idea of not giving too much to stuff unless they're desperate - it can make the funds go further and also not get wasted.
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