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3441  Bitcoin / Electrum / Re: Electrum issue ... argh on: January 14, 2023, 04:08:07 AM
I don't think there is any solution to this. The way Electrum wallet is designed, it is not made for such gigantic number of keys/transactions! The wallet file is a simple JSON that loads into the memory and it is not normal either to have nearly 100k keys in the wallet.
You should use another wallet like core that handles wallets as a database not a simple JSON file.
3442  Bitcoin / Development & Technical Discussion / Re: Core wallet on pruned node on: January 14, 2023, 04:02:50 AM
No it does not affect that. All pruning does is that it deletes the older blocks after they were processed and chainstate was updated so that it doesn't take up your storage space. Your UTXO database and your wallet containing your keys and your UTXOs are not affected by pruning.
3443  Bitcoin / Bitcoin Discussion / Re: Why would someone send 4 BTC to Satoshi (Genesis block) on: January 13, 2023, 03:38:44 PM
It's entirely possible someone spends that output, once the underlying cryptography is weak enough.
In my opinion there is a good chance that bitcoin would die if something like that ever happened before fully switching to another algorithm and making the previous one obsolete.
3444  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: January 13, 2023, 10:09:13 AM
However, China has not been able to offer the world anything similar to Western liberal values ​​(which are indeed of great value). 
They really aren't. You are just looking at the winners of World War 2 and concluding that based on the advantage they had just because they won while the rest of the world were destroyed and continued being destroyed ever since with the wars these same winners began. Otherwise liberalism is the worst thing that happened to the world right after communism and bunch of other *isms.

In my experience whatever sector that got infected with liberalism got ruined shortly after. One of the main reasons why our economy is in ruins is because of that!

Besides, all of these things are working for a short time and only as long as everything else is going fine. But the moment things get hard you'll see how these liberal democrats bring down the hammer! For example in UK (which is a dictatorship under the mask of democracy) they are passing a law that instead of fixing the problem that caused the strikes, would force those workers on strike to continue working like slaves!
3445  Other / Archival / Re: [POLL]What do you expect from Bitcoin in 2023? on: January 13, 2023, 09:51:09 AM
It will be very interesting to look back in a year or two to see how the markets deal with
one major thing which "Bitcoin" hasn't had to deal with - Global economy and the resulting
recession, this is new territory. Also another major war on top of what is happening in Ukraine
will be a big test to the markets but overall I'm positive with my choice.
Regardless of the cycle and what we predict of the price, lets not forget that bitcoin is being put to the test these days to see how strong it is in a recession+inflation economy. Specially if something catastrophic like 2008 is repeated, we could see how strong a hedge bitcoin is for those who are fleeing the failing economy.

This year will definitely be very interesting economy-wise and with the new world order in place.
3446  Bitcoin / Bitcoin Discussion / Re: Why would someone send 4 BTC to Satoshi (Genesis block) on: January 13, 2023, 09:41:57 AM
Sending to that Genesis address but it is a donation for everyone. 'They' donated about 25 BTC to everyone.
Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.
That is when you actually "burn" coins or lose access to your keys, not when you send them to an address that can be spent some day if Satoshi comes back or decides to move those coins.

There are times when I often feel that, if I managed to become super rich through cryptocurrencies, I would locate Satoshi bitcoin address and send some bitcoins to him as my thank you gift to him for bringing to live, this innovation through which my financial life have changed from bad to good.
It is best to donate them to someone in need, a poor person who is homeless or something like that!
3447  Bitcoin / Bitcoin Technical Support / Re: Question about the secret exponent. Fresh out of can on: January 13, 2023, 05:37:31 AM
i have the secret exponent but how to use it properly?
Check out this topic that contains all the existing formats of private keys that are commonly used. What you have should look like one of them in order for it to be a "secret exponent". If it doesn't look like any of them, you are confusing what you have with a private key.
3448  Bitcoin / Bitcoin Discussion / Re: Why would someone send 4 BTC to Satoshi (Genesis block) on: January 13, 2023, 05:28:42 AM
It is possible that they messed up and were trying to actually send the 0.00525500BTC amount to that address which is about 90 bucks but they set that amount to the change and the change (4BTC) to Genesis address which already contains 22.57BTC!

P.S. coins sent there are not burnt though, Satoshi may some day decide to spend them Wink
3449  Other / Beginners & Help / Re: A deep understanding of Bitcoin for beginners, it might answer your questions  on: January 13, 2023, 04:47:52 AM
Bitcoin is one of the most talked about topics of the 21st century and for good reason.
It really isn't. If it were we would have had reached mass adoption already!

Quote
This means that all Bitcoin transactions are recorded on a public ledger, so no one can manipulate or alter the data.
The fact that it can't be altered isn't because bitcoin uses a public ledger, it is because of Proof of Work that costs so much money to attack that it becomes impossible to alter the ledger in practice.
In comparison almost all other altcoins have public ledgers too but many of them are pretty easy to alter later on. For example ETH doesn't have an immutable blockchain since it is centralized and they can easily change the blockchain as they did once before when they lost money in DAO and reversed all the blocks.

Quote
It also means that all Bitcoin transactions are instantaneous, with no third party or middleman involved. This makes it much faster and more efficient than traditional methods of payment.
Let's clarify something here, when we talk about speed of transferring money we refer to two things:
1. The time it takes the money to reach its destination
2. The time it takes for the transfer to become irreversible.
When you say instantiations you are referring to #1 which is obviously reversible but since the time it takes for bitcoin transactions to become irreversible is the time it takes to confirm a tx and that is on average 10 minutes you are right that bitcoin is still the fastest payment method.
3450  Economy / Speculation / Re: Did Miss El Salvador cause the Bitcoin price to spike last night? on: January 13, 2023, 04:35:41 AM
I doubt that fat guys in their underpants watching Miss Whatever have enough money or even care enough to buy bitcoin, enough to cause a price rise Wink

Besides, you are forgetting that it was not "$1000 in last 12 hours", it has been $2600 or 15% rise in the past 10 days. In other words this is an upward trend that has nothing to do with such small news like this but rather a market reversal that may or may not be temporary (depends on whether it breaks $20k or not).
3451  Bitcoin / Bitcoin Technical Support / Re: Question about the secret exponent. Fresh out of can on: January 13, 2023, 04:28:31 AM
from my understanding the so called secret exponent is just the public key?
No the "secret exponent" is referred to the private key not the public key and you need it in order to be able to spend the coins.

Quote
Im using brainwallet even tho we all know what we know about this.
IN that case you have to remember the exact passphrase you used to create that brainwallet and then try to find the same brainwallet tool you used back then to recreate the key.
This is probably the tool (or rather the copy of the tool you used), download the repository and run it preferably offline: https://github.com/brainwalletX/brainwalletX.github.io/
3452  Economy / Speculation / Re: January bitcoin price out look on: January 12, 2023, 04:42:24 PM
And for a price of $25K like you said in January, it looks like it's a bit higher to expect in Bitcoin because Bitcoin has to pass $20K first and I'm more optimistic for $20K if it's within this month, although I also don't doubt Bitcoin for reach $25K in the near future.
I'd be doubting breaking $20k resistance itself otherwise if that resistance is broken there is a very good chance that the momentum that is forming right now would get even bigger and that could push the price a lot higher than $25k.

Remember what happens in each of the reverse-bubbles that we had in the past. For example what we had in 2019 where price was stuck below $4k and when that resistance was broken the price went up 50% in a matter of days. 50% from $20k is reaching $30k...
This is just a possibility though...
3453  Economy / Economics / Re: EU solution to energy crisis: print more money and ensure economic crisis! on: January 12, 2023, 03:19:26 PM
How much worse the ongoing protests in Europe are going to get in the future when inflation caused by today's crazy money printing hits their countries? The inflation is already at its highest in decades in the Union where poorer countries specially in Eastern Europe face the worse of it which leads to riots every day.

I think it all depends on how bad the winter is going to get this year. There was a lot of panic last year if we are going to be able to prepare and save enough energy for the winter. So far the winter has been very mild and the gas storage are still almost full. If the temperature is going to remain at the same levels as they are now most people won't be even heating in their homes. In many countries did they lock the maximum price for electricity and gas to give consumers a break, and right now energy prices are even falling again. At this point the ECB is just going to wait and see how this will play out, printing a lot of money is not really an option because inflation is still so high.
It's true that severity of the winter will affect a lot of things including the economy but the protests are not a new thing in Europe and they are because of the "cost of living crisis" that people are facing in many countries in the continent. This is not new because all these problems got worse ever since the end of 2019 when the Covid Pandemic began and it put a lot of pressure on people's finances and governments had to print an enormous amount of money which is still showing up as inflation.

On top of all that as the Covid restrictions were lifted and the economy was starting to warm up, there came the war and sanctions that made everything worse in Europe.

P.S. I have another concerned eye on China and how ridiculous the Covid is spreading there and the huge risk they have to the rest of the world when they spread the virus or a mutated version of it across the globe again...
3454  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: January 12, 2023, 03:00:31 PM
However, the standard of living in China has not reached the level of Western democracies.  At the same time, it is more likely that the standard of living of ordinary citizens of the China will never reach the standard of living of citizens of countries with a more democratic form of government. 

There is one important economic law - the standard of living in democratic countries is always higher than in totalitarian ones.  There are exceptions to this rule, but they only confirm this rule...
I disagree mainly because you are comparing apples with apples with a different color. Democracy is dictatorship with a different face. But also the evidence suggests otherwise. If you want to compare, you have to compare countries based on their own situation (geography, population,etc.) and over time.

China is a country that has been harmed by the colonizers and with the wars forced on them, their country and people were in ruins. Over the past 40 years for example, China has eradicated absolute poverty that 85% of its population were struggling with. That is 800 million people living in absolute poverty at the time. Over the same time they expanded their economy, built massive industries and turned into the second biggest and strongest economy, all from nothing!

Note that I'm not defending dictatorships here but that we haven't seen any good results from democracies in comparison. What have the "democratic" countries done in the same period? The poverty rate has been growing and homeless people are filling the streets. Middle class no longer has the same meaning since it is now what lower class used to be! Everywhere you look people are protesting against their "democratically elected regimes" for the increasing cost of living and generally the injustice, like in France where the protests reached their 5th consecutive year. And it's only getting worse.

I don't know what you call high standard of living but if you have to borrow money to be able to live in heavy debt all your life and if you get sick you have to declare bankruptcy the next day in a country where a 6-year old is arrested for intentionally shooting someone else (6000+ kids per year!), I would not even call it a living.
3455  Bitcoin / Bitcoin Discussion / Re: El Salvador Approve LongpAwaited Bitcoin bond on: January 12, 2023, 02:34:39 PM
if an iphone was $700 in 2021. and now selling for $180.. are you a panicking buyer. or do you see it as nice discount, cheap value compared to a temporary 2021 premium

yes the next cycles iphone will be reaching a higher premium and also its bottom value would be more this this cycles bottom value.. but by buying now at this generation(cycles) discount. and just holding onto it. you get to have the free upgrade at the next cycle(generation of iphone)..
thus your cheap iphone now will be exchangeable for the same premium/value new cycle iphone..
..so what are you afraid of

#BuyLowSellHigh
#BuyTheDip
That's comparing apples and oranges. Apple's iPhones are not fungible, but bitcoin is (a bitcoin mined in 2009 is the same as a bitcoin mined in 2023). Not to mention that iPhone's value changes based on their age. Due to technological improvements and market manipulation (consumerism!) an old iPhone is not going to be worth the same as a brand new one released in 2023 even if absolutely nothing were different hardware-wise...
3456  Bitcoin / Bitcoin Discussion / Re: Signs of a better year for btc investors on: January 12, 2023, 06:13:43 AM
Although as I pointed out in my previous post we still need to break $20k resistance but the momentum I talked about is starting to show itself on the daily charts which is a much better sign than breaking resistances because it shows that the market is starting to warm up and head towards more realistic prices to get out of this undervalued state aka a reverse-bubble...



I should also mention that I believe part of this recovery is because of the market manipulation in other markets such as US stock market where they are pumping it to create the illusion of economy's health and partly because of the money that they've been printing that has decreased the value of fiat which in turn shows up in price of everything going up and everything includes literary everything from food, rent and generally cost of living to stock market, gold and bitcoin prices.
3457  Bitcoin / Bitcoin Discussion / Re: Bitcoin - a bloodless revolution on: January 12, 2023, 06:06:22 AM
Interesting view but lets not forget that Bitcoin "revolution" is just getting started. Other revolutions also didn't start with a bloodshed although they may have ended in one. Bitcoin is at the very first step of a very long route.
Also lets not forget that because Bitcoin's "revolution" is mainly taking place in the digital world, the bloodshed is also taking place in the virtual world. All the hacks, the market manipulation, state/bankster sponsored FUD, etc. are all signs of an ongoing "war".

Alinsky was an American activists and, among others, he wrote the rules of a successful revolution
Don't you mean rules for radicals?

Rule 1: Power is not only what you have, but what an opponent thinks you have.
I have a feeling that this rule is written on top of all US military bases #illusion Grin
3458  Bitcoin / Bitcoin Discussion / Re: El Salvador Approve LongpAwaited Bitcoin bond on: January 12, 2023, 05:39:33 AM
After this news broke, I think we should expect more bullish trend in the market for now.
What is your opinion?
El Salvador is not a significant enough force to be able to create a bullish trend, specially in the current market that is filled with FUD and panicked buyers who are still too scared to get in after their panic sale at the bottom. Not to mention the global economic situation that is still in a very bad shape despite the recent small market manipulation attempting to "put lipstick on the pig" so to speak.
3459  Bitcoin / Development & Technical Discussion / Re: Miner activated hard fork (MAHF) on: January 11, 2023, 05:02:20 PM
SegWit is an example of UASF.
Wrong. BIP148, commonly known as UASF, made a lot of noise on social media but no real momentum in real life. It had very little node support and even less miners support. SegWit on the other hand had much more support and it was activated through another proposal known as SegWit2x although the 2x part of it (hard fork to double the weight limit) never gained any support so that part failed.
3460  Economy / Economics / Re: My investments ahead of the 2024 halving 100% Bitcoin on: January 11, 2023, 04:55:25 PM
I have always said that you should not even think about altcoins in terms of investment, they simply have no potential in the long run so when you talk about a portfolio it should contain bitcoin and other stuff that have no connection with bitcoin market and its price like gold, stocks, etc. That way you can diversify and reduce the risks while being involved in more than one asset market.
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