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3041  Bitcoin / Bitcoin Discussion / Re: Understanding Bitcoin on: November 12, 2020, 02:57:25 PM
Bitcoin was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network. Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer

The computer "file" analagy confuses me, your bitcoin is stored on the blockchain. Your control of that bitcoin is dependent on having a compound of a few numbers that make up the public and private key.
3042  Bitcoin / Legal / Re: Money laundering via BTC on: November 12, 2020, 05:28:11 AM
Yeah, well. But I think we'll agree on bitcoin being much easier to pass though borders. To pass on $ 100 million of cash through a border you'll need to hide the notes in a lorry or sth. The same as for diamonds and gold. However, if you want to pass the same amount of bitcoin you only need a hard wallet or a paper. Or you won't even need anything id you memorize you recovery seeds but I wouldn't rely only on my memory.

I did a bit of a search though and found this: https://www.groovewallet.com/what-a-billion-dollars-looks-like/ it depicts 100 million dollars being the size of a crate that could fit in a wardrobe, that aside, if you use €500 notes and post your wardrobe/fridge to wherever you'll be using a courier then it might still reach you (especially if you split it in 10 and pay them well for it)...

But yes bitcoin is a lot easier to smuggle through a border and especially if you just use memory (there's also not really much you can do if you remember your seed well enough) - I doubt you'd be needing to declare that). But I think bitcoin has some serious liquidity issues anyway once you get it across the border?
3043  Bitcoin / Bitcoin Discussion / Re: New mining pool imposes KYC and censorship on: November 12, 2020, 04:43:35 AM
I mean if you were trying to force other people to do something why would you patent it?

Although they could also be finding a way to become more profitible by selling on their users' IDs and other personal information, doing chain analytics or trying to track people that are against decentralisation (and they could be doing that one indirectly if there security isn't that good then a bunch of other people might be able to gain access to know who their users are that won't confirm their transactions because it's painted gray...
3044  Bitcoin / Bitcoin Technical Support / Re: Importing addresses without sweeping on: November 12, 2020, 04:09:00 AM
Where are you importing it from? What sort of wallet were you using before or do you just have a private key?

If you just have the private key or a mnemonic phrase you can import it into electrum and it won't charge you a fee...
3045  Bitcoin / Bitcoin Technical Support / Re: i can see BTC on wallet GUI but when i see it on explorer, the balance is NIL on: November 12, 2020, 03:59:31 AM
Can you post the txid or address and a screenshot of what the wallet says?

You haven't given much info, are the funds confirmed or unconfirmed in the wallet?
3046  Bitcoin / Bitcoin Discussion / Re: Understanding Bitcoin on: November 12, 2020, 01:20:10 AM
I don't think your intentions are clear here: are you trying to see if you've got this right or are you offering this for other people to learn from?

All are true except for paragraph 2 also as I think you might want to state if this is referring to pruning or the chainstate (as I'm. Thinking it's chainstate bit you might want to make that clear).
3047  Bitcoin / Bitcoin Discussion / Re: Bitcoin needs more women. on: November 12, 2020, 01:14:56 AM
Men are more prone to taking risks and women are more prone to try the tried and tested ways to do things... I'm not really sure why - even in a world where a lot of people are raised a bit more equally.

Hard wired biology. Once a male has emptied his nads it doesn't really matter if he dies, but obviously he has some use afterwards punching mammoths and shit. Women had a brood to keep alive so naturally you're going to take safer options and leave the whacked out stuff to someone more disposable.

3-4 generations does not wipe that difference out even if it's expressed in vastly more subtle terms these days.

The figures for men vs women in much more conventional areas of investment reflect that too. I can't think of many women with active porfolios compared to men.


I wonder how long that will take or if it ever will change... It's probably been 20000 years at least since external threats have been a danger and a burden for only one gender (I think modern agriculture is around that time and, if not, that's what I'd put as the benchmark for when we no longer needed gender specific roles for survival).
But there is also a chance it might never be completely fixable for a long time in that case or at all...




I was looking at the top 100 companies in the UK and 5 have a female ceo and I don't think that's an irrelevant statistic either there is likely a gap im missing as well as the patriarchy (which for older companies is likely a problem).
3048  Bitcoin / Bitcoin Discussion / Re: Bitcoin needs more women. on: November 12, 2020, 12:01:29 AM
You would really be expecting this common thing. Why? because male are adventurous and we know that Bitcoin is somewhat that techy that not all women cant really hook up on whats its all about.



Adventurous is probably the wrong word.

Men are more prone to taking risks and women are more prone to try the tried and tested ways to do things... I'm not really sure why - even in a world where a lot of people are raised a bit more equally. I've think I know one male who's interested and knows how to use bitcoin and basically no one else url. I didn't introduce it to them but I've tried and failed to introduce it to others (they blame the learning curve - I think it's laziness)


So you would have thought that the 21st century’s developing fetch scene might have leveled the playing field between the sexes. However, evidence suggests the rush to online finance platforms and investments has done nothing to boost equality.

Instead, the digitally driven world of artificial intelligence, Bitcoin and blockchain is as sexually unbalanced as the banking, property and commodity markets industries that preceded it. Tech industries are inherently male-dominated for reasons that include boys being introduced to gadgets at the a younger age, leading to just 16% of computer science undergraduates being female.



Yeah but I don't think it's to do with people not getting gadgets when they're young...

There might be a disparity between ages though too and I can't speak for the 80s or 90s (maybe) but don't girls get tamagotchis, exersketch and other stuff like furbeez as well - they did from the people I knew so probably most of western Europe at least gets that sort of "equality". And women have a history of being codebreakers and computerists (especially around war time periods so idk why that's not coming across...
3049  Bitcoin / Bitcoin Technical Support / Re: Setting up a Hot Wallet on: November 11, 2020, 03:48:47 PM

When I was thinking about a hot wallet, it is just so I can consolidate every small input from my "deposit wallet" into another address in the hot wallet.

What I imagined was:

 - Hot Wallet used only for withdrawal, in which I would keep some Bitcoin
 - Deposit Wallet used to receive small amounts from users in several addresses
 - On a daily basis my system would consolidate some small inputs from my Deposit wallet into a single address of Hot wallet, using low fees

Another way I think is that I could use a specific address for this purpose in the same deposit wallet, but I don't know how I could consolidate small inputs into this address using bitcoin-cli.

I would probably need to select the input address manually, right?

Did you say how many transactions you're wanting to receive? I think you'll want to keep transactions it less than around 500 inputs and smaller transactions will confirm faster for example imo. Since blocks have more space at the end of the block they could dump a smaller transaction into but many small transactions will be more expensive.

I think you could look at setting some sor tof threshold to get an alert or send those funds when you're over that threshold (and if an individual input sends you over 10% of that target you could look to send in its own transaction (or use 25, 50 or 100%)...

Is your plan to keep the deposit wallet offline if you're saying you'll have a separate hot wallet? If that's the case you'll probably want to make a watching only wallet(if completely possible in core) which would allow you to return a raw unsigned transaction you could then sign on the offline device.
3050  Bitcoin / Legal / Re: VPN regulations on: November 11, 2020, 01:23:03 AM
I'm using VPNs very often as I travel a lot, using wifi from hotels and the like, I've been blocked quite a few times. There are lists of IPs used by VPN services, and some people block those shared IPs.

I think this is really silly and can't decide if its the hotel's fault or the vpn providers.

Essentially, you SHOULD be allowed to use a vpn in a hotel because your data to the vpn is authenticated with stronger security and unless you have your own Hotspot/password then the hotel WiFi is extremely insecure and anyone can access anything you send through it (only if they don't give you your own password that is).


Why do they allow VPN's? Maybe it's just useless and authorities are able to identify user's location anyway but it marks those who use VPN and place them in some database.

VPN's enable tunnelled security techniques. The adverts that say "this von can protect you from dangerous public WiFi" isn't completely wrong. Especially if you connect to a site that doesn't have httos/TLS enabled or one that might be using a free certificate. But the security of a von may rely on the servers not being hacked too before you make an initial handshake with a site on the Internet.

There may be reasons for competition too. What if a company needed to check the oil price of a company in the US but only US customers could access it?
3051  Bitcoin / Bitcoin Discussion / Re: 6 countries have more than 50% of BTC exchange traffic on: November 11, 2020, 01:11:20 AM
Quote
US 2787
DE 1589
FR 572
NL 374
GB 331
SG 312
CA 300
JP 223
RU 210
IN 194
CN 186

That list looks a lot more accurate!
The UK, Netherlands and Canada have some cultural similarities and population sizes so that makes sense.
Germany and the US have a higher global output afaik and a faster growing economy atm potentially so it makes sense they're at the top.

I'm connecting to at least one exchange every day, with a Swiss IP, but I'm not there...


It'd scare me to connect through Switzerland, I feel they're small enough to have everyone looking at them by now and trying to track or reverse engineer somethibg.

Although I did still side with another European country to route my traffic through most of them are better for data privacy laws at least (whether you like to deselect those cookies or not you at least know they're there).
3052  Other / Beginners & Help / Re: Learning from what MicroStrategy CEO Explains about Bitcoin on: November 10, 2020, 11:09:06 PM
Yeah gold seems kinda overvalued too when considered against platinum (which is even better for industrial processes requiring gold).

I think people with wealth use gold for a tiny portion of their portfolios and instead of what he suggests, people might stock up both as a hedge and use 5% of assets for each (for example) so we could still get a high demand for that. However its also possible things like gold and diamond could be brought back from space missions soon (especially if private entities or Eastern governments plan more missions to space to inspect asteroids for example).
3053  Bitcoin / Bitcoin Discussion / Re: Bitcoin app for newbie suggestion on: November 10, 2020, 10:35:05 PM
The simulation thing sounds quite good. It's a confusing part of cryptocurrency qhne you first get into it trying to interpret the base 58 stuff...

Are you just targeting for beginners only? If not you could look at covering the lightning network and if you don't yet the omni layer (used for many things including usdt/tether).
3054  Other / Off-topic / Re: Banks consider covid-19 an opportunity to make money on: November 10, 2020, 01:12:39 AM
Is this just one bank trying to do it? From the article it says ICICI put it through but another one rejected it after considering it. If the rest don't follow people mich just move from the first as long as there are enough machines.

Charging more for out of hours services seems very specific, are they worried there's going to be a bank run (also, this could be incentivising a mini one because people might pull out a month's worth of money instead of a week or a few days).
3055  Bitcoin / Project Development / Re: On a scale 1-10: How mad would you be to see a Bitcoin/Bitcoin Testcoin market? on: November 09, 2020, 09:50:03 PM
Isn't there a retest mode or something that means uou can create your own virtual chain? Is there a reason you're wanting to do this?

The fees might also outweigh the price of actually buying those 100 testnet coins and if they didn't then there might be a problem.

The only issue I see is people could start hoarding testnet coins assuming there's going to be some value in them or one might be built up unnecessarily by someone with enough funds to make it happen (which might not be much). Then there's the risk of the chin being reset again and I'm not sure if that's likely if it looks to be quite big at some point...
3056  Bitcoin / Bitcoin Discussion / Re: 6 countries have more than 50% of BTC exchange traffic on: November 09, 2020, 09:28:25 PM
All the US and Singapore users could be binance to make up the 50% volume...

If Switzerland wanted bitcoin they could buy it they're wealthy? Not to mention that Germany has more nodes than the US when I last checked too (Germany have the most identified nodes by location but there are quite a few that aren't given a location).
3057  Bitcoin / Bitcoin Discussion / Re: If you think 2020 couldn't get any weirder on: November 09, 2020, 03:16:34 AM
Maybe "random economist recognises bitcoin as a partial store of value".

Anyway, i imagine a lot more might start turning in this direction of thinking it might be usable as a store of value. All some economists had was "if you have to keep pricing it against the dollar it's not a real currency" which invalidates every currency as a currency that isn't the dollar...
3058  Other / Beginners & Help / Re: Ways to get Bitcoin/ETH under 18/ trade. on: November 09, 2020, 03:11:29 AM
I think it's difficult trying to do that and you might want to familiarise yourself with the risks and only trade with what you don't NEED.

You could take a look at a service like bisq that'll allow you to buy up to 250 of your currency afaik for a certain time period but it might not be 100% secure (if your balk accepts reversing bank transfers which you ought want to check).
3059  Economy / Economics / Re: Here is a conspiracy theory on: November 08, 2020, 11:31:20 PM
Right now vaccination is being tested on teachers and healthcare professionals we will for sure find one and chances are even if the virus mutates the vaccination will work. Since whole mutation of genome is something that won't happen for sure.

I think it's not a whole mutation of the viral plasmid and just a difference in the physical buildup of the virus. The vaccine will be designed to protect against a certain feature of the virus - some protect against the antigens it has on its cells (which have sadly already mutated in farmed species in Continental Europe and the US - there's no evidence to suggest that strain won't be killed off though especially considering Europe normally has good disease control when the pathogen starts there)... And some will protect against different parts.

I can give you a much simpler answer. If they don't find a vaccine the virus will infect everyone and maybe 1% of the world population will die. Is that a lot? It is if you're in that 1%, but the economy will not collapse, the world will not end. It's about time people accepted the inevitable. We will have virus outbreaks every now and then and some people will die, but the young, strong and healthy will live on, with vaccines or without them.

Yeha the more interconnected the world is the more likely stuff is to spread. We only didn't have the ebola virus in europe because not many people from areas that had the disease travelled there and ones who did became quite ill soon after and the disease didn't spread well.

It's likely every 20-50 years soon enough we'll get a new strain of a virus similar in stranght tot he coronavirus (with mortality between 0.4-5% with a median around the lower region).
3060  Bitcoin / Mycelium / Re: Mycelium Eth address private key? on: November 08, 2020, 08:50:52 PM
I haven't tried it for mycelium, but isn't it the same as a hardware wallet would be? One seed for all coins, all you need is the derivation path?

Yeah I think it should be.



If you have Hardware op, try restoring it with that. If not and you really have to or you don't know how mucb is there just try putting your seed phrase into mew or any legitimate ethereum wallet.
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