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2961  Bitcoin / Development & Technical Discussion / Re: Ledger nano - new btc addresses ? on: July 05, 2018, 02:59:25 AM
Some terminology clarifications:

  • Wallet: Contains private keys. It also describes the software that accesses the bitcoin network and maintains the addresses and keys that it controls.
  • Seed (or recovery phrase): used by the wallet to generate all its private keys.
  • Private Key: Used to access bitcoins at the address associated with it.
  • Public key: Derived from a private key and used internally by the wallet.
  • Address: In simplest terms, it holds bitcoins. It is derived from a private key (through an intermediate public key).

Frequent confusions:
  • An address is not a wallet.
  • A seed is not a private key.
  • An address is not a public key.
2962  Bitcoin / Press / Re: [2018/07/02]Over 1,000 ICOs Have Failed in 2018, New Report Claims on: July 05, 2018, 02:41:04 AM
The title is misleading. Not every coin is an ICO. The list includes hundreds of coins that are not ICOs.
2963  Economy / Speculation / Re: Is The dips bitcoin encountering intentional? on: July 05, 2018, 02:38:24 AM
I heard that banks want to be involved with bitcoin but they can't since the price of bitcoin is so volatile. As a result the fall in bitcoin price is a way of ensuring that it becomes stable so that banks can work with it. How true is this?

It is not true, or it is at most extremely exaggerated. Nobody can control bitcoin prices with any kind of certainty and with no risk.
2964  Bitcoin / Bitcoin Discussion / Re: Clipboard Hijacker Malware Monitors 2.3 Million Bitcoin Addresses on: July 05, 2018, 02:33:19 AM
You neglected to include the URL of the original article: https://www.bleepingcomputer.com/news/security/clipboard-hijacker-malware-monitors-23-million-bitcoin-addresses/
2965  Other / Beginners & Help / Re: Most likely a Scam on: July 05, 2018, 02:17:38 AM
Don't be naive. It is obviously a scam. Nobody ever needs to log into your Blockchain account, except to remove money from it. If he asked to gain access to your credit card or bank account, would you let him?

By the way, he didn't put any money in your account. He is just following some addresses (that's what a "watch" address is). You cannot access the money at those addresses. He is probably trying to fool you into trusting him.

If you have anything in that account, remove it immediately, otherwise he will soon empty it for you. I would also remove all the personal or identifying information that it might contain, and then abandon it. You should consider it to be unsafe and completely compromised, forever.
2966  Other / Beginners & Help / Re: How to post an Announcement in a language with no group on local? on: July 04, 2018, 05:26:02 PM
I would like to post an announcement in a different language than the ones which are in Local forum. There are a list of languages like Spanish, French, Russian, Romanian but no Serbian, Hungarian or Bulgarian for ex.

So, please tell me how can I post Ann in those languages that aren't there.

Take a look at Bitcoin Forum > Local > Other languages/locations
2967  Other / Beginners & Help / Re: Help on Help on: July 04, 2018, 05:20:19 PM
I think questions about the site should go in Meta or Beginners & Help.

However, the answer to your question on where to post a new consensus protocol might be Development and Technical Discussion or Altcoin Discussion, depending on what you are proposing.
2968  Bitcoin / Electrum / Re: Electrum Wallet Problem on: July 04, 2018, 03:29:10 PM
Perhaps your seed is a BIP-39 seed. Did you try that option?
2969  Bitcoin / Press / Re: [2018-07-03] ‘Miners Are Miners Again’: Bitcoin Core Dev Launches Alternative on: July 03, 2018, 11:18:48 PM
This is great news! I hope that every hasher demands it and every mining pool switches over.

Unfortunately there needs to be a proper scare before people start taking this type of thing seriously. Miners are just as lazy as everyone else it seems. The noble alternatives rarely get taken up unless there's a very compelling reason to do so.

I think ghash.io demonstrated to everyone what happens when you go over 50%.

Who is ghash.io? Exactly.
2970  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum Go on: July 03, 2018, 03:17:36 PM
I need your advice. What should I do? . I looked through go-ethereum code and It's so huge . I don't have a year to understand how the code works.  Do you have any suggestions what I should do? Thank you guys.

Hire someone that understands how the code works.
2971  Bitcoin / Bitcoin Discussion / Re: What is the origin of the term "mining"? on: July 03, 2018, 06:29:48 AM
Satoshi Nakamoto 2008 bitcoin paper!

not exactly a direct thing but page 4 section 6. Incentive is  talking about how new coins are created and it is comparing it with mining gold and how those finding blocks by using their CPU and electricity are like gold miners.

While he compares the distribution process to mining gold, he doesn't call it "mining". I'm looking for the term's first use.
2972  Economy / Speculation / Re: Is it pre-entry whales stage? on: July 03, 2018, 06:25:17 AM
i think so. these whales are using their tons of coins to cause panic and to lower the value of the crypto.

Does that make any sense? Suppose you own a lot of bitcoins. Would you want their value to go down? No. You would want their value to go up. That's how you make money.
2973  Economy / Speculation / Re: Is it pre-entry whales stage? on: July 02, 2018, 05:27:20 AM
All of these conspiracy theories about manipulation by "whales" is irrational and stupid. It's all just a part of a paranoid fantasy. There is no evidence -- only conjecture and speculation. Nobody can even come up with a solid scenario about how or why it might be done.

Get a grip! Get a life!
2974  Economy / Speculation / Re: Why bitcoin will drop to $1000 and why we should be happy about it. on: June 30, 2018, 09:11:04 PM
I have talked to many financial experts during real life conferences and in online chats and they all tell approximately the same. There are two types of currencies: Payment Currencies and Investment Currencies. In fact there may be other types of currencies, but lets focus on these two types for simplicity. So, investment currencies have different features as compared to payment currencies and they will develop differently. Of course, they always have mutual features and even may be a replacement of each other sometimes, but generally they designed differently and it will be a mistake to expect investment currency to behave the same as payment currency and have the same growth factors.

I'm skeptical of your so-called "experts". What exactly are the differences between a "payment currency" and a "investment currency"? Do you have any good examples (other than cryptocurrencies)?

Bitcoin is designed as investment currency. ... Bitcoin will never be directly supported by any major government. ...

What about Bitcoin's design makes it specifically an "investment currency". Are you claiming that only a government-supported currency can be a "payment currency"? How do you support that claim?

My own belief is that with widespread adoption, Bitcoin will become a boring cryptocurrency with no more investment opportunity than any other major currency. And when that happens, I won't have to pay attention to any of the speculation hysteria and the world will be a much better place.
2975  Bitcoin / Bitcoin Discussion / What is the origin of the term "mining"? on: June 29, 2018, 03:08:49 PM
I'm interested in finding out the origin of the term "mining". Who suggested it? Where was it first used? Were other terms used before "mining" became standard?
2976  Bitcoin / Development & Technical Discussion / Re: Building a blockchain solely to encrypt names - is it possible? on: June 29, 2018, 02:42:58 PM
I don't understand your question. A blockchain is a database. It holds information. It doesn't make sense to use a blockchain for encrypting information. Why would you need a blockchain for that?

Maybe you could explain why you want to encrypt names and what you would do with the encrypted names.
2977  Economy / Economics / Re: What is bitcoin backed by? on: June 29, 2018, 12:51:16 AM
The problem with this question is that nobody agrees on what "backed by" means.

To me, if a currency is "backed by" something, it means that the currency is guaranteed to always maintain a certain tangible value. For example, a gold-backed currency is guaranteed to always be worth a certain amount of gold.

By that definition, fiat currencies are backed by nothing and Bitcoin is backed by nothing. On the other hand, USTD is backed by dollars (as long as Tether remains honest and solvent).

Currencies that are "backed by the full faith and credit of the government", "backed by the military", or "backed by its users" are not really backed by anything.
2978  Bitcoin / Bitcoin Discussion / Re: Logical and mathematical truth of bitcoin on: June 28, 2018, 08:49:34 PM
Majority didnt set cap of BTC ever released, founders of this scheme did.

The majority maintains the cap. If the majority wants to change it they can, but it is unlikely that they ever will because there is no benefit.

Yes, it wont be soon. End of BTC is very close. You will see it very soon. Btw, You argue with Your own first point. You promised, minority will be exiled, now You tell, third party can not touch my coin. So can You or not? Do You even understand how impossible it is, what You speak?

You might be right. Bitcoin could crash at any time. I give it a 30% chance of total failure.

Anyway, the minority chain might be exiled, but they still have their coins (on both chains).

You know nothing about basics of cryptography and computing, right?

I actually know quite a bit. It has been my profession for 30 years.

Indeed. To "invest" into something, thats highly volatile and You have no clue about, what is it... Ingenious.

You seem to believe that anything that is a poor investment is a scam. I don't agree.

Nope, they would not mind to earn 1000% ROI, their well-being would be very high:) They just understand it is very likely a scam.

They are misinformed. Being wealthy doesn't automatically make you well-informed about everything.

Thats an easy answer. As in every scam - early enthusiasts. Bitcoin was first released 10 years ago, right? Despite that 81% of BTC is already released during 10 years! Now the fun part! 19% remaining will be released during next 20 years! Purest scam ever!!

You equate Bitcoin with a pyramid scheme and I have to agree that it has some of the same characteristics, but all investments are like that. Name a successful company in which the earliest investors haven't done better than later investors. Do you believe that Microsoft or Google or Amazon or Netflix or Apple are scams simply because the early investors ignored the doubters and made a ton of money?

A bit bad language usage here. Its not zero mathematically, its collective ROI is zero! That means, the moment You start mining, You can not assume mathematically, that ROI of mining itself will be positive.

The ROI is not 0. It may be close to 0, but it is not 0. You can assume that it is greater than 0 because if it were not, then nobody would mine.

Fraud is there: people are promised UFO technology, a revolution in money transfers. It will not work, because its impossible!! I provided no information??? I have told You all facts and calculations, all You do, is trying to convince me, Im wrong. Math is not wrong. Can You read graphs? Look any at those, that even You dont deny! For example release frequency of coins! What are the miners going to be paid with until 2040 if 81% of coins are at early scammers already? THINK!

You have provided no facts, just exaggerated claims and opinions.
2979  Bitcoin / Bitcoin Discussion / Re: Logical and mathematical truth of bitcoin on: June 28, 2018, 08:23:42 PM
I havent lost a penny. I just see, that this scheme is much bigger, than anything before it. Few people, who listen me, save a lot of money.
I was in a team, who brought down KairosPlanet scheme, which too milked many people empty, while authorities refused to blacklist it. So in other words: I help people, who are trying sincerely invest money to avoid scam.

If you are truly trying to help people, then I suggest that you stop labeling Bitcoin as a scam. It isn't a scam, and you are diminishing your credibility by claiming that it is.

I believe that most people up to now have been investing in Bitcoin for the wrong reasons, and I believe that they will probably lose money as a result (if they haven't already). The problem is not Bitcoin. IMHO, the real problem is all of the misinformation promoted by ignorant people. The solution therefore not to attack Bitcoin, but to correct the misinformation with accurate and correct information whenever you can.

Even though I disagree with you, I support your efforts. Claiming that Bitcoin is a scam with unspecified or poorly supported reasons is no better than all of the other misinformation out there. You can do better.
2980  Bitcoin / Bitcoin Discussion / Re: Bitcoin and the event called the “halvening”? on: June 28, 2018, 08:05:59 PM
Thats an extremely good graph, Pursuer, but why stop analyze at half way? That graph also shows, how payments to miners vanish into nothing as complexity of mining new coins grows exponentially.

The payments do not vanish into nothing. The chart shows only the subsidy portion of the block reward. It does not include the fees portion.
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