For example, Bitcoin has a timelock feature that can create a transaction that is impossible to spend until a certain date or block height is reached. You can do this using OP_CHECKLOCKTIMEVERIFY, but it seems most people don’t know how to use this feature or where to even begin.
Technically the problem is not about understanding the feature itself but with the lack of user friendly tool that allows you to use this feature. For example imagine a UI where it asks you to select a date from a calendar and set a time when creating a locked output. You don't need to understand how it works since it would make it user friendly. That's kind of like spending bitcoin. You don't need to know what each part of that transaction is (version, locktime, outpoint, signature script, etc.) you just enter a destination address and an amount and click send because a user friendly UI exists.
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Does Greece have the army and finances for an invasion? Their economy collapse only a couple of years ago any drawn out war would put them right into that territory again.
Greece has been being armed by United States over the past couple of months. As I said the possible scenario is that they will first kick Turkey out of NATO then Greece (with the help of NATO) would start the invasion. Keep in mind that Turkish military is the most dependent military despite its size. From their airforce to their defenses are all imported whether fully (eg. bought US aircraft) or parts (like their Bayraktar drones). Kicking them out of NATO means all these imports would stop too and their military suddenly drops down to the weak category.
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Yes, it also seems to me that Turkey is one of the main beneficiaries of this conflict. In general, Turkey's foreign policy, in my opinion, is very reasonable.
There has been some benefits for Turkey and a lot of other countries but I wouldn't say Turkey is the main beneficiary of it considering how the inflation in Turkey is at an all time high of 90%!!! As for their foreign policy it is their only option and it is the worst policy any country can have. They are stuck between two blocs and have to play both sides without leaning towards either side! If they betray the Western Bloc then the Americans immediately start their war crime file to kick them out of NATO and Greece would invade right away. If they betray the Eastern bloc their energy supply would vanish and their inflation would soar a lot higher than this and depending on what the "betrayal" is they could be invaded from 3 sides (South, East and North) by 4 armies. They were so worried about a possible war with NATO that they were even going to remove Putin and shift all responsibility for the war in Ukraine onto him.
Do you have any reference for this claim?
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You can as well buy shares in some reputable companies and financial institutions if you are financially buoyant enough.
Yeah but I never could get myself into investing in the stock market. In fact over the past couple of years we had a booming stock market and in certain periods it even gave better profit than bitcoin but even then I couldn't enter it since it never made any sense to me to trade shares like this. I know it is a little weird but I find the whole concept seriously flawed!
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Agreeing with NeuroticFish that this has been talked about and talked about over and over.
But, I was discussing this the other day with some other people and one of them pointed out that there is no answer to this question other then:
'It depends where you are' Most of the places listed in the OP are smaller nations. If say picking on a random country on the map...Argentina....did it that would have a different impact then if say Canada did it then if the Philippines did it.
So, thinking about it the answer is, there is no answer.....
-Dave
I disagree. It doesn't matter on the location, what matters is the "HOW". For example when PayPal, credit cards, debit cards or even bitcoin were created they didn't change anything in the existing monetary system. You can and do still use cash and all existing methods are usable, the only difference is that now you have multiple options to choose from depending on the level of privacy, security and convenience you need. Most probably CBDC will be another extra options on top of existing ones that won't change a thing in existing options. However, HOW they enforce its usage makes the difference. If some government (be it Argentinean or Canadian government) decided to go full dictator mode and force everyone to use only CBDC and nothing else then it would be different than if they were suggesting it as an extra option with "benefits"(!) that you could freely choose to use.
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One of the characteristics of the centralized banking system is its reversibility (which bitcoin solves by having irreversible transactions!), but you should contact your bank and ask them whether they offer this option for this particular case and what steps you should take to reverse that payment. It would possibly fall under fraud category.
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Consolidation or not this is the first time we know for a fact that Binance is holding at least 570,000 Bitcoin in their wallets. (again up ~3000 from when I shared this post)
This fact alone is crazy imo.
This is more sad than crazy. It shows that a large number of people still keep their coins on exchanges, in other words despite all the recent withdrawals the people with balance on exchanges are still at large. This is the same with other exchanges too, not just Binance. The problem is with the site you posted in your first post, they don't know all the addresses of each exchange so they have no way of knowing how much coins each one actually has. They go with what is publicly known and that is what the exchange wants them to know! So for example if Binance wants us to know they have 100k bitcoin, that is what they put in their publicly known addresses and if they want us to know they have 500k (proving they are solvant) they increase its balance. It is sometimes done in competition with other exchanges too. For example Binance wants to look bigger than KuCoin so they show more of their balance, if they want to evade taxes they reveal less of their balance!
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e. as for your foiled attempts to imply serious consideration. he actually says (if you dont snippet small chunks to wrap in foil) that he didnt even think it possible to even do again he does not nor never did have 51% of the network hashrate. so it was not a serious consideration
I'm not sure if you are actually that gullible or you are that forgetful. It doesn't matter what CZ claims happened, the history doesn't change. The fact that he was running around like a headless chicken seriously offering money to other mining pools to join hashrate and perform a 51% attack on Bitcoin network is not going to change. So is the fact that mining pools and the community both showed him the middle finger.
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over 99.99% of my money is now in Bitcoin.
Is it 99.99% of your money or your net-worth? I used to be like this too but that was majority of my net-worth which scared me because I realized I haven't diversified well enough. Which is why I have been trying to focus more on diversification. Despite my belief in bitcoin's long term potential, my total net-worth is in real estate, gold and bitcoin with the later having the most percentage. I have not found any other viable "asset" that is stand-alone and can be trusted enough for me to invest in yet.
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Access to new features introduced in newer address types such as public key aggregation in Schnorr signatures.
Specifically regarding this feature, i want to ask that so this bascially helps in privacy right? Say we aggregate 3 pub keys into 1 then it can be reversed too? I mean you can reverse this to find individual 3 pub keys back? Yes, in a way it improves privacy. It also gives you the option to have different branches that could spend the output but only use and reveal one of them when spending it. It is still not possible to know how many or which public keys were used to get the aggregated public key though, so it is irreversible.
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So this redeem script is same as public key? I mean for multi-sig wallet it's harder to find public key if there's output transactions?
Bitcoin scripts are essentially smart contracts. Each time you create a transaction you are providing an "unlocking script" that provides required data and commands that can "unlock" the coins that are available on the blockchain. This script can be a simple signature + public key or a more complex one that contains conditions (branches), timelocks, hash operations alongside public keys and signatures, etc. If all 3 address's types reveals public key when you send bitcoins then what's the additional advantage of using newer btc address types say Taproot one's (except the lower fees benefit) ?
Lower tx weight hence lower fee. Help increase block capacity (improve scaling). Faster verification time for full nodes. Avoid malleability problems. Access to new features introduced in newer address types such as public key aggregation in Schnorr signatures.
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Today it was confirmed that the United States is actually avoiding entering into a direct confrontation with Russia.
Recently US literary deployed US military servicemen into Ukraine claiming that they are deployed there to investigate the donated weapons that Ukraine corrupt politicians keep selling on the black market. So they may say in the media that they don't want "direct confrontation" but on the ground and in reality they are in direct confrontation with Russia at this point.
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there are less coins per marker order in comparison to 2012 even though there are more coins circulating on the network. yet the markets are stronger in ways of volume and trade
the price is not measured by how many coins are in circulation matching how much fiat is in circulation.
the price is matched by someone buying 0.0001 for $1.60 which. by simple maths evaluates bitcoin to be $16,000/btc
The point is about market manipulation. A market with tightly packed order books that costs a million to cause a 0.1% change is a lot harder to manipulate compared to a market with thinly packed order books that costs a grand to cause a 10% change. In your comparison with 2012 you forget another important factor which is the number of exchanges and their share of the market. In 2012 more than 85% of the volume was found on only one exchange called MtGox but today the biggest exchange can barely reach 10% of the total market volume. there was still an underlying value line based on not markets. but mining cost that supported a $15k non-zero line
You are wrong because mining cost changes based on price not the other way around. It also is decided based on regional effects. For example home miners here that are mining bitcoin at a $0.002 per KWH have a far less mining cost than those mining bitcoin at $0.1 per KWH elsewhere. In other words the line you imagine does not exist.
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Are people still stupid enough to invest their hard earned money on such crypto projects? If you are new to crypto all these aren't real use cases.
I'm convinced that a large percentage of altcoin investors already know this and they aren't buying shitcoins because they think they have use cases but instead they buy them because they think they can make money when they get pumped. In other words they are gamblers that are making bets on altcoins. It is like the gambler who is playing a dice game while they know there is nothing real in it.
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I guess thats the reason why btc price quite Stable
Actually I believe that is the exact opposite. Meaning when people pull their money (both fiat and bitcoin) out of exchanges it means there is less open orders on those exchanges too. The result of a "thin" orderbook is a more volatile market. You can compare bitcoin market with a small shitcoin market and see how the small one is more volatile to understand what the order books and low number of orders (both buy and sell) means for its volatility.
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Elon Musk bought Twitter so that he can gain a tremendous power on public opinion and with the US government. As they say in democracies: if you control public opinion, you control the public. And public opinion is formed (and brainwashed) through the social media on top of mainstream media. Having control over one of the biggest social media outlets gives Musk a lot of power.
Bitcointalk on the other hand is a forum for discussion not for forming the public opinion. It is not giving Musk any benefits even if he had control over it. Not to mention that bitcoiners already have a negative opinion of him because of his FUDs and altcoin scams.
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3.) How can i hide my public key while still Re-using the same address for spending? I suppose it's possible because the address i mentioned in question 2 is able to achieve that.
I don't see any reason for hiding the public key and I said above, you have to reveal your public key whenever you make a transaction. Correct but even if you didn't have to include the public key alongside the signature in your transactions, the public key could still be derived from the ECDSA signature that you had provided. In fact this is how signing messages work, you only provide the address + message + signature and in order to verify that message others could easily derive your public key and perform the verification. That is how ECDSA and asymmetric cryptography work.
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If the wallet does not store the WIF key (5f...) but instead stores the "raw" private key bytes in a file (flash), and *only* when it is asked to display it, it generates the WiF format, then this would completely make sense.
That would be a very weird implementation but it could work. Also, it's possible it's stored as a WiF "object", with the prefix, key, and checksum, each stored as separate "properties" of an object.
WIF is a base58 encoded string with a checksum all as one whole string not separate parts. It can't be stored separately and as I said before if one character in it is "corrupted" you won't be able to decode it since the checksum would most probably be invalid. Same with prefix, it is not something that is attached later, it can only be decoded. Again if the string is corrupted, after decoding (even if you ignore checksum validation) it is unlikely to get the same prefix. P.S. to be honest, this looks like yet another fake wallet that you have found and are wasting your time on it.
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Has there been any decent legitimate BTC wallet in recent memory that is closed source?
Technically being closed source contradicts being decent and legitimate. This is why the only reason a super shady wallet such as Coinomi has any userbase is because they offer a service that most people are looking for and can't find elsewhere (having multiple shitcoins in one light client).
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Why coins not going up ?
Which coins? You mean the altcoins? They are not supposed to go up. They were created to be pumped and dumped a couple of times and then die. In other words, altcoins in long term are always on a downtrend. If good news coming then price should follow instantly.
You should be more specific about the news you think is good. When there is good news i go Long position been waiting all day long and nothing. Also the traders who post their ideas non of the signals don't move whats going on ?
Based on this and your other topic I think you have fallen for one of these scam pump and dump groups that are "selling signals". They aren't "traders" and what they post is not "ideas". They are scammers who are posting their hopes so that some fools can buy those shitcoins and help THEM sell their bags to you. It's imposdible to make any money in this Market
It is actually very possible to make money even from the pump and dump shitcoins. You just have to learn to ride the pumps instead of waiting for a scammer to tell you when to buy which is always after they started dumping.
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