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3041  Bitcoin / Bitcoin Discussion / Re: Will there be a replacement for bitcoin one day so that bitcoin isn't number 1? on: December 10, 2022, 11:27:48 AM
I think it is practically guaranteed for something like this to happen since market capitalization is very easy to fake.
It also did happen in the past at least one time (that I know of) but it lasted a couple of hours before the shitcoin got dumped.

I wouldn't say stablecoin marketcaps are easy to fake, but when talking about cryptocurrencies in general, then I'd agree. This is why the "Bitcoin dominance" metric is mostly irrelevant.
Yeah I was talking generally but also stablecoins check all the boxes needed for fake supply too. They are centralized and their supply is in full control of the company that issues them and on top of that they don't have to be backed by anything. Like Tether that has a high chance of not being backed by real USD 1:1 and they can issue more at any time they want.
3042  Bitcoin / Bitcoin Discussion / Re: Will there be a replacement for bitcoin one day so that bitcoin isn't number 1? on: December 10, 2022, 07:35:26 AM
Bitcoin is too new for us to even talk about its replacement! The innovation has also not progressed that much to give us any kind of hope for a better solution to have the potential to push bitcoin down and take its position as far as real usage and real adoption is concerned.
Keep in mind that even if such new coin were created in the future it is still very unlikely for it to "replace" bitcoin, it could work alongside it though.

- If you meant bitcoin being replaced as the #1 cryptocurrency in terms of marketcap, then it's kinda likely — specifically, potentially overtaken by a stablecoin.
I think it is practically guaranteed for something like this to happen since market capitalization is very easy to fake.
It also did happen in the past at least one time (that I know of) but it lasted a couple of hours before the shitcoin got dumped.
3043  Bitcoin / Bitcoin Discussion / Re: Would you work on Bitcoin full-time? on: December 10, 2022, 07:29:17 AM
I personally love my job as an engineer so I won't quit that ever regardless of what kind of "work" you have in mind when you say "work on Bitcoin full time" and the amount of money I would earn in such a work. At the end of the day bitcoin is that extra option for me both as a currency and as an income.
What I already do on bitcointalk is in my free time and the the extra coding projects you don't see but I'm involved in are also a hobby of mine where I contribute to open source projects.
3044  Other / Beginners & Help / Re: SHA256 Algo can reverse on: December 10, 2022, 06:54:09 AM
Even rainbow tables, which were helpful to crack older hash functions like LM hash, MD5, and SHA-1 seem to be useless against it now.
Rainbow table is not the same as reversing the hash function and it is not exactly cracking it either.
It is more like brute forcing the message where you try many different messages (the input) to find a hash that matches the hash you already have.
3045  Other / Politics & Society / Re: Iran backing up with Russia in this war against Ukraine? on: December 10, 2022, 06:44:54 AM
It is funny how almost the entire world is sending Ukraine hundreds of billions of dollars of what they call "advanced" military equipment and yet they are so worried about a fake story about Iran's simplest drone that cost barely a grand being used by Russia. I wonder what they're gonna do if Iran decided to actually send drones to Russia specially advanced ones like the ones that are capable of air to air combat Grin

Where are all these coming from, is the US trying to drag Iran into this war between Russia and Ukraine?
There is a project called "Iranophobia" on all US administrations desks over the past 44 years where they always make a pariah out of Iran in the media. These days Russia is the "bad guy" so it works best for that project to claim that Iran is also helping the bad guys.

This is unlikely to force Iran into this war, they couldn't get us into Afghanistan war after they escaped it neither could they pull us into the Baku invasion of Armenia and those are right at Iran's borders.
Not to mention that Iran is the only country that is actually against this war.

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Iran denied sending drones to Russia but later admitted to have supplied some drones before the invasion.
"Admit" is a strong word considering how this has been public information for nearly a decade!
We all know that when US regime created ISIS (according to Clinton and Trump) just across Iran's borders in Syria and Iraq, that forced Iran to start the fight against this multinational terrorist organization. In that war an alliance shaped between Iran and Russia and during those shared operations Iran sold some drones to Russia to be used against terrorists.
This is from years ago.

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John Kirby said the partnership between Russia and Iran will cause much damage to not just Ukraine but as well as Iran neighbors and the international community.
Someone should ask Kirby that what does the partnership between US and Saudi regime that has invaded Yemen and has been killing children there using weapons US sells them do to the international community?

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Russia intended to provide Iran with advanced military components including helicopters and air defence systems.
This sounds like a joke because the only "advanced military component" Russia has that Iran needs is their Sukhoi-35 otherwise the rest like their air defense is inferior to what Iran already has manufactured domestically.

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Ukraine's President Volodymyr Zelensky said this was a lie and that Ukraine was shooting down about 10 Iranian drones a day.
In other words Zelensky is admitting that these drones are not Iranian!

It's pretty simple, Ukraine receives all its capabilities from NATO (mostly US) and the NATO bases (mainly US) that are occupying Iraq and Syria and have been helping Saudis kill people in Yemen have not been capable of shooting down a single one of these exact drones. It is impossible for Ukraine to have capabilities that their supporters don't even have.

So he is either lying about shooting them down or lying about them being Iranian made.
It's the later considering his other statements regarding the components of the drones they gathered after they hit their targets being made in anywhere but Iran (eg. made in US, Australia, China, etc.). Iran's Shahed-136 drones are 100% domestically manufactured without any foreign made components.
3046  Economy / Economics / Re: EU solution to energy crisis: print more money and ensure economic crisis! on: December 09, 2022, 06:05:04 PM
3. "energy and heating crisis (except Russia)" - look how you, a resident of Iran, surprisingly positively single out Russia,
I didn't positively single out Russia, I excluded a country that has a lot of energy and doesn't need to import them compared to lots of others that do not have any energy of their own and have to buy it from elsewhere. In comparison the second group are facing a crisis (France is the latest European country that experienced blackout).

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PS The fact that Iran is more developed than Russia is what I know. Because Russia is begging drones and missiles from Iran to kill civilians in Ukraine .. By the way, this blood is on your country too ...
I've already debunked the claims about Iranian drones or missiles being used by Russia at least twice on this forum.

If you want to see blood on one's hand you need not look far. Look to your country in the 80's and how you guys were supporting Saddam, the Iraq's dictator who was bombing Iranian cities with chemical weapons. The 300,000 Iranians martyrs should be a source of shame for Ukraine.
Don't even get me started on the bloodshed by the armed forces of Ukraine in Iraq and Afghanistan and some other countries.
3047  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: December 09, 2022, 01:53:43 PM
This is reported by Bloomberg (https://www.bloomberg.com/news/articles/2022-12-08/why-swaths-of-russian-oil-is-trading-far-below-g-7-s-60 -cap).

It turns out that the key Russian brand of oil is trading at levels well below the price ceiling introduced by the G7 countries.
Bloomberg published it yesterday on 8th, today they seem to have changed their minds and published an article that is like the opposite of this one where they quote the same London based company called Argus Media that says Russian oil is being sold above the price cap Cheesy
https://www.bloomberg.com/news/articles/2022-12-09/easy-freight-helps-russian-oil-hold-above-g-7-s-60-cap-in-asia
3048  Bitcoin / Bitcoin Discussion / Re: Should El Salvador Fork Bitcoin? on: December 09, 2022, 01:30:23 PM
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Ethereum: Norway’s central bank will use ETH ecosystem to issue national currency
That would be so funny to see a country having its national currency in a centralized mutable blockchain in control of a company that the country has no jurisdiction over Grin
Imagine if Vitalik wanted to overthrow Norwegian regime. All it takes is to roll back all his chain's blocks or freeze their national currency Cheesy
I didn't even mention the Ethereum network congestion and the gigantic fees they have to pay while the network goes down because someone decided to pay some kitty game on it Cheesy
3049  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: December 09, 2022, 07:53:23 AM
An oil price ceiling has been applied,
The most funny thing about this price ceiling joke is that only those that weren't buying Russian oil directly before all this are enforcing it now. Everyone else like India and a couple of other European countries were exempted lol

US inflation is falling but EU inflation is still reaching ATH, EU is really a good brother of the US when it tries to bear all the damage for the US.
That's another funny thing these days. US is sucking EU dry to keep their own economy afloat. They are even hastening the deindustrialization of Europe and are stealing capital from EU and bringing them into US. That is on top of the inflation they are exporting to Europe.

Talk about being caught between a rock and hard place...
3050  Bitcoin / Development & Technical Discussion / Re: Randomly picking 24 words from the BIP39 wordlist on: December 09, 2022, 06:34:22 AM
~
Well, if I were writing code for a wallet that would be there.
That would both be pointless and a bad idea.
Nobody would use a wallet software to brute force a mnemonic so it is pointless to add such a feature.
Also it is a bad idea because it makes it harder on legitimate use cases like a normal user entering their seed phrase wrong and wanting to retry by fixing the words, typos, order, etc. Adding a delay would harm user experience.
3051  Bitcoin / Development & Technical Discussion / Re: Replacement for POW on: December 09, 2022, 05:41:45 AM
Create and maintain a list of all the bitcoin nodes that have been active for some period of time, maybe a year or some other time period.  Node owners must have a certain amount of time invested before becoming eligible for payments.   
Impossible to do in a decentralized way.
For starters all the full nodes can not know about all other full nodes ever, they also can't continuously check whether all the candidates in that list are active at all times.
Most importantly how are you going to distinguish a fake full node with a real one? It is actually very easy to fake being a full node without actually running one. If you provide the incentive, the network could be flooded with them.

As each block is completed, select one node, maybe at random, and the owner of the node gets 0.38 BTC.  Take that node off the list to received block rewards for some period of time to allow for sharing the wealth.
This sounds like changing (increasing?) the total supply which is not something that the community would accept.
The same problem with decentralization exists here too. In PoW we have an easy way for anybody to verify the work done on that block. Here when you say "random" there is no reproducible way to verify its fairness anymore.
3052  Bitcoin / Development & Technical Discussion / Re: Randomly picking 24 words from the BIP39 wordlist on: December 09, 2022, 05:30:22 AM
A search stated that there are 2048 seeds in the library.
You are making it too complex. A 12 word mnemonic is representing 128 bits of entropy. The chance of finding the same entropy is 1 in 2128. And a 24 word mnemonic represents 256 bits of entropy...

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I suspect that after some number of tries each cold wallet will do something like: 
There are no such mechanisms in wallets not to mention that you could always write a script that searches the space on its own without needing the overhead of a wallet software. It goes without saying that it is a pointless code to write.
3053  Bitcoin / Bitcoin Discussion / Re: Should El Salvador Fork Bitcoin? on: December 09, 2022, 05:13:44 AM
bitcoin code is ready. saving a gov alot of bug fixing and coding and R&D
blockchains offer decentralise data store for data security(many merchants across the land running full nodes so no single gov entity or merchant can manipulate the data)
If the coin is created by the government and is controlled by the government, it is not decentralized hence it doesn't require a decentralized blockchain. When you consider that using blockchain is the most inefficient form of database you realize how silly it is to create a centralized bitcoin copy.

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a government can start el-btc from a fresh block0 genesis with a starting difficulty that is based on say 5exahash. thus starting value is base of $300 underlying cost knowing the market speculation price above value
Wrong. Bitcoin is not a product to have its price determined based on the cost of production. Specially since cost of production is decided based on the price. If that were the case, any idiot would have created a shitcoin with "5 exahash" and the price of that shitcoin would have automatically been "$300" making them rich.

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thus being a cheap ready-in-the-box CBDC
Mining is not cheap specially when the electricity in the country is expensive ($0.2+) and the country is poor and doesn't have enough power plants to be able to ensure excess capacity.

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by not having taproot or RBF. they can easily do things like accept zero confirm "fast payments" with a 10min settlement time. thus not need the silly subnetwork flawed crap like LN that pretend to solve things but causes more issues
LOL
3054  Bitcoin / Bitcoin Discussion / Re: Things you should know in basics of Bitcoin network - Beginner's Guide V1 on: December 09, 2022, 04:47:21 AM
In the whole process, the Hash functions are used to convert plain data into encrypted one
The bold part is wrong. Hash function converts the data/message into a fixed length digest. It doesn't encrypt anything. Encrypted result is something that you can "decrypt" meaning it is reversible like encrypting your private key with a password.

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In the Bitcoin network the digital signatures provide the public keys or addresses to the users for their utilities.
Digital signatures have to be provided with their corresponding public key in the bitcoin scripts since all OP_CHECK(MULTI)SIG(VERIFY) operations require public key(s).
Addresses are not used anywhere in signature verification process.
3055  Bitcoin / Bitcoin Discussion / Re: Should El Salvador Fork Bitcoin? on: December 09, 2022, 04:36:21 AM
Whether it is a government of a country or it is Roger Ver or Craig Wright or the bitcoin gold idiots whom I don't even know their names, it doesn't make any difference. They are all creating a poor copy of bitcoin that is useless and won't have any real success.

Besides there is a lot of easier ways to create a centralized currency that the government controls than to create a copy of bitcoin. Specially since copying bitcoin would require mining it and that consumes electricity (it costs the government a lot of money) whereas they could simply create a copy of something like PayPal and call it CBDC without needing such big investment in mining.
3056  Economy / Economics / Re: EU solution to energy crisis: print more money and ensure economic crisis! on: December 08, 2022, 01:36:19 PM
Tell me - what about the problems of heating, heating, gas supply, a normal standard of living, the degradation of the social sphere, the degradation of medicine, an increase in mortality, a drop in the level of medicine. the collapse of the economy, which has been going on for 2 decades, in your country - do you not bother at all?
Do you think I live in Bulgaria, Ukraine or Russia? LOL These countries have high mortality rate, drop in "level of medicine", energy and heating crisis (except Russia) and low standard of living.

Iran which is where I live is actually at the bottom of the list under all of EU and a lot of other countries. To be precise it is ranked 169 among 203 countries with Ukraine being 2nd considering mortality rate according to UN stats found here. We also have the second largest gas supplies and first largest amount of fossil fuels in total and have no issue with energy and heating thanks to the largest network of gas pipelines and most sophisticated electrical grid in the world that reaches farthest part of the vast Iran's geography.
The only problem we have is economical (more precisely inflation) which is partly because of 6000+ sanctions against us and the cold war we've been fighting over the past 50 years and partly because of idiotic money printing policy that some presidents have chosen in the past, which is exactly why I have a lot of topics about similar idiotic money printing policies in other countries.

By the way - why not a word from you about the "amazing" budget of the Russian Federation for 2023, in which spending on social programs, medicine, education was sharply reduced, reduced on everything, and increased on terrorism and the suppression of internal protests? Or are you not interested? Smiley
Well Russian budget isn't really affecting the world and the changing of the World Order but the crisis in the West and deindustrialization of the West namely the US colonies does.
But feel free to open a new topic about Russian budget with actual data and your thoughts on its effects on the rest of the world. I'd be interested in reading that.
3057  Economy / Economics / Re: Somebody’s been on a gold-buying bender. It’s not clear who — or why. on: December 08, 2022, 12:57:31 PM
In my opinion, Russia is quite capable of independently producing dairy products and detergents.
True but sometimes it is about capacity, after all Russian population is more than 146 million. They may need to import part of their needs from elsewhere despite domestic production.

As far as technology is concerned, one might wonder why, until 2022, Russian companies did not buy Chinese and Iranian goods, but bought goods from the US and the EU?  Were they acting against themselves? 
It is always about politics. For example part of the reason why Russia bought anything from EU or sold them anything was to create that interdependence in order to ensure security or at least have a pressure point as we can see how they are using energy exports to EU as a weapon in the past 9 months. Don't forget that once upon a time some in Russia wanted to be part of NATO.

As for Iran there is also the additional reason which is Iran being under the most number of sanctions in history so they were scared of being sanctioned for buying such technologies from Iran but now that Russia is also under sanctions that reason is not longer applicable Smiley

The correct answer is that Chinese and Iranian products are worse in quality and poorer in assortment, in addition, in some cases, Western materials and components are used in their production, which could potentially lead to the introduction of secondary sanctions against exporting countries.
It has to be analyzed on a case by case basis, the industry is too vast for you to judge all of it like this.

For example the thing you said about foreign components is true in some cases in Iran's home appliance industry (eg. fridges) but not about the example I used above regarding gas turbines. They are actually 100% domestically manufactured inside Iran with all Iranian made technologies and materials and the quality is actually a lot better than the German ones considering that they have a longer lifespan and can work under harsher conditions.
3058  Bitcoin / Development & Technical Discussion / Re: address 14NWDXkQwcGN1Pd9fboL8npVynD5SfyJAE: not understanding weird transaction on: December 08, 2022, 12:34:13 PM
The only way to check it is to find out who sent these and ask them how or why they did it like that. Everything else is just guesswork.
3059  Bitcoin / Development & Technical Discussion / Re: address 14NWDXkQwcGN1Pd9fboL8npVynD5SfyJAE: not understanding weird transaction on: December 08, 2022, 10:32:01 AM
yes, but I'm asking about not private key, but nonce used in transaction.
this is weird.

that nonce k is the same as message hash in first 16 bytes
It could be a lot of things, as I said it could be someone just having fun trolling others watching this puzzle key or it could be a broken code that someone was testing using this key maybe someone watching the key to steal the coins sent to it.

When generating k deterministically using RFC6979 you use the message digest (z) too. A broken implementation could have messed up and after computing the final HMAC copied the result in the second half of an output that had the original digest in its first half.
3060  Bitcoin / Development & Technical Discussion / Re: address 14NWDXkQwcGN1Pd9fboL8npVynD5SfyJAE: not understanding weird transaction on: December 08, 2022, 08:35:56 AM
so : someone has cracked it :
Question 1: How and why it has been happen?
This is a very old puzzle where someone created a brainwallet using the phrase "bitcoin is awesome" and the private key of this address has been known for the past 10 years. If by "cracked it" you mean solved the brainwallet puzzle, then yes.
As for the Question, in later years others may have tried to have some fun with the existing puzzle by sending coins there and/or spend the coins in this known address with weird nonce values.
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