The lawyer forgot that including those as an excuse would make them look clueless. They didn't understand that people would take it negatively and people would understand that they were trying to get some sympathy.
It's meant to be a free pass out of any sticky situation they find themselves in, buying him more time to keep spewing the crap he does. It could also be an insurance so should he ever be in the line of getting convicted for his forgeries, he runs back to the fact that he is handicapped and should be giving a lighter punishment. However, I don't know about the judges, but they should have some technical knowledge as well. Do you guys remember the case between Hodlnut and CSW where the Judge said they do not understand these things well? If the Judge do not understand, how they will make a conclusion?
They could also just get someone to interpret the technical aspects to them and give a clearer understanding on how the network works.
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I agree. I can see that there is absolutely no reason for this entire Satoshi thing other than feeding his ego. It's not like he can ever access those coins in the real Satoshi's wallet. At most, his end goal is to become more famous
His intention could be to promote his crap coin and reduce the authenticity of bitcoin, which would also do the help of promoting his crap coin. Well that's what COPA have asked for but earlier today Craig's council asked that if they lose for that to be rejected under "human rights" grounds. Hopefully they don't grant that because otherwise this trial is mostly useless.
I do hope they throw out that request.
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Spending some money on Cold storage, a Trezor maybe, I use to underestimate this, even when I have heard it multiple times before, yet I choose the easy way out, without even the proper research.
If you use a hardware wallet without proper research you are still at security risk, more than someone who uses a software wallet and applies full security precautions. instead I went on google play store for bitcoin wallet, Even if you're using a software wallet on an airgapped device or as a hot wallet, do not get it from play store. Always use the official website and verify the signature before downloading. Things are different now, in fact way better, still if you are new and you want to DCA into Bitcoin, kindly consider getting a Trezor wallet at least, don't keep Bitcoin worth $2000, $10,000 on a software wallet, even if its a open source software wallet I believe this amount is too much for a software wallet, having this much means you can afford a hardware wallet.
I'll recommend an open source software wallet over a closed source hardware wallet.l
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There's probably less than 50 people and the room isn't very big. It's not very exciting or a 'big' trial and doesn't seem to be getting much media attention, though the trial is trending on Twitter right now. It may be a positive that the trial is not trending. CSW wants all the attention he can get, doesn't matter whether it's positive or negative, as long as people are talking about him, he's achieving his goal. Would be great to get a legal verdict which prohibits him from using the pseudonym Satoshi. He has had so many years to prove that they are the same person and has failed every time, I'm mildly surprised he's still relevant rough for a conversation now.
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By cheaper transactions do you mean on the blockchain network? Yes, the fees you pay to get your transaction added to a block at a certain time is cheaper when using a compressed address. Almost all addresses by default today are compressed. Therefore a legacy address is uncompressed and a SegWit address is compressed.
Legacy addresses can be compressed or uncompressed, but by default today, they are mostly compressed and that's the recommended version.
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I think the explanation are for a layman's understanding and not too technical. By the way, Op did not create the post himself and if you observe, you'll see it is a quote post.
That should hold true except that those points I highlighted are not basic explanations but technically incorrect ones. Explaining stable coins as, cryptocurrency which are created to mirror the price of another asset or commodity (which they are backed by) and maintain that stability of 1:1. For example, each 1 xx coin should always be equal to $1, is a basic explanation. What the OP wrote would only confuse a layman. I notice the quote too, but I'm replying to the information and not the source.
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4. Tokens - Refers to the ‘currency’ of projects built on the ethereum network that have raised money via issuing their own tokens.
Tokens can be built on any blockchain, not limited to ethereum. 6. Stable coin - A crypto-currency with extremely low volatility that can be used to trade against the overall market.
7. Scam - brief explanation of "Not Paying"
These two definitions are technically incorrect. Too broad to describe the concepts you're trying to explain. 11. PoW - Proof-of-work. The current consensus algorithm used by Ethereum.
The best description of PoW is the Bitcoin algorithm. 13. Software wallet - storage for crypto-currency that exists purely as software files on a computer.
14. Hardware wallet - a device that can securely store crypto-currency.
Software wallets can store crypto securely and hardware wallets if used poorly can be insecure. You should brush up on the concepts before explaining them to others.
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Why do we have the two formats? Is there a possibility that there may be a new format in the future and is there an advantage to using one over the other?
Compressed keys are a result of improvements to make transactions cheaper, same improvements that led to SegWit addresses. All addresses now are compressed pretty much. There is no advantage to using uncompressed addresses at this time.
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Let's say you were the 2nd person to mine bitcoins besides Satoshi himself. Every time someone else mined bitcoins besides you and Satoshi you bought them.
There's no guarantee that they would sell to you. You'd probably have about $500-$1000 into bitcoin by now... and you'd own like 5 million bitcoins... no one else would bother to mine them then, you'd own all the rest of the bitcoins besides Satoshi's who disappears in 2010 and then you disappear in 2011 with your 5 million, no one remembers what bitcoin is and you'd have a net worth of 0! yay
What would be the rationale behind doing that? Even if you could someone acquire 5 million units of bitcoin, which is almost impossible, and disappear with it, it just makes the rest of the bitcoins more expensive.
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I imagine in said document you could simply reveal Y & Z but in theory, an attacker could then cycle thru known addresses until one hash matches, You can't do that theoretically, cause the document would be unverified then, it could pretty much be any signature for any address, or not be a valid signature at all, if there is no address with which to verify it. You could provide the signed message and then encrypt that using a PGP signature, this keeps the information covert until such a time that it become needed, at which point you can decrypt it.
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If you have enough social media reach to be relevant and enough knowledge to give accurate information, then go ahead. This is not necessarily a new idea, there are lots of social media account dedicated to talking about cryptocurrency, a lot of them are just shills looking to build their followership by telling people what they want to hear, before using their reach for marketing.
The forum search option would help you find very useful information about bitcoin's past which makes for good content.
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People stake their Bitcoin address and message because they need other forum members to quote that message, and verify it. The most important is quoting it because if no member quote it, if a Bitcointalk account is compromised, hacker can delete that post.
Quoting it helps to make it easier when it needs to be referenced, but with the forum scrapers we have now that log all posts made, the original posts with the address can always be pulled up if the need arises. For older posts that were made before forum members started keeping logs, quoting is the only way to preserve them.
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I think I used the standard wallet but yet it's not connecting. To the server.
This should be an issue with your internet connection. Try double checking that before tweaking anything in your network settings if you're not sure what you're doing. Ensure you also backed up your seedphrase. This should be done by writing it down and storing the copy in a secure place, for more security, have two backups; do not store it electronically.
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The risk is just 50/50 if it enters for you; you call it your lucky day, and if it doesn't, it's what it is. Investing in such coins is where they rate crypto investment as gambling because the outcome is not certain.
The risk is not 50/50, not even close. Out of a hundred cryptos out there, less than one would give you a profit, the other 99 would incur losses. Anyone advising you to invest in random, unlisted cryptos is a gambler with no strategy, this is cause you cannot determine which coin will have potential and last on the market.
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I opened the account because I received a bonus code for an amount of BTC. I talked to their support. I'm not into bitcoin and I'd love to find out about someone using the platform without issues.
As has already been said, this is a scam attempt and you should not send any bitcoins as a deposit or you'll lose them. You can also consider any email address you've linked to the website compromised, if you have other accounts which you used a similar email and password for, you should consider changing them as soon as you can. If an offer is to good to be true then it's not true. I'll assume your profile name is the amount they promised on their website as your bonus, you shouldn't imagine any website will give you such an amount for free.
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I have heard about dust attack before, and how it being use to track what goes in and out of that wallet, but I don't know what I really should do next about it?
Firstly, switch from trust wallet, you should not be using a closed source software to store your bitcoins. When you've imported your seedphrase to a non custodia wallet like electrum. Use coin control to freeze those dust inputs, you'll not be able to spend them in future transactions. If you don't spend them, it doesn't get mixed with your other bitcoins (future) and the can't link up your UTXOs.
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Bitcoin gives you freedom, so the choice of what to do with your satoshis is up to you. • You can use it as an investment, it has proven to have lots of potential ROI. • There are stores that accept Bitcoin, giving you the option to use it as a currency in exchange for goods and services, • You can use it as a hedge fund against rising inflation, • You can use it as a method of storing digital information on the blockchain. It is majorly used now as an investment.100 years from now that utility would have changed as it evolves to changing times and new possibilities would have been explored. are we going to continue till the 21 million Bitcoins have be mined, already 19 millions have been mined remaining 2 million I don't think we last that long.
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It is impossible to outline all of the important things I've learnt that have real world applications and have potentially saved me from losses or hacks. The answer many would give is on security; how the learnt to safely store their bitcoins, how they can apply plausible deniability in cases of a $5 wrench attack, also how to avoid a bad investment by choosing what to put your money into and what not to.
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I have seen lot of traders and investors who made it prosperously and amiably in their ventures of chasing profits with borrowed funds. It is is a norm fact that "No Risk and No Rewards"
Bad choices have worked out for some, at some point in time, but they're still bad choices and should not be encouraged. No risk; No rewards, follows the argument that without investing, which is a risk in itself, you cannot profit from price growths it doesn't mean one should throw caution to the wind. Now, I have a friend who is educated about Bitcoin digital currency but doesn't have the capital to invest on it. Meanwhile... He is considering to take loan from his relative to pay back within the range of 2years.
There are no guarantees in any investment. Bitcoin expectedly should be at least 100% higher than what it is now and I'll be willing to risk spare money I got on it, I would not advise others to do so, much less borrow funds to invest.
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