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3801  Bitcoin / Bitcoin Discussion / Re: Man arrested in Germany keeps $60 Million dollars in Bitcoin from the police on: February 06, 2021, 04:59:20 PM
His biggest problem when he gets out of jail will be how to explain to some bad guys that he forgot his password - and I'm sure many will be interested in talking to him a little bit. I believe they have very convincing methods to extract the truth, whatever the truth may be.

Well the fraudster could simply lie to the bad guys that he already said the password to the police and he no longer has access to the bitcoins.
He could simply move his bitcoins to a new address before lying to the bad guys about it.
Then run away to another country where nobody would know him and then enjoy the rest of his life with the $60 million.
Sounds like a movie  Grin

Quote
What is not very clear to me is this part of the article :

The fraudster had been sentenced to more than two years in jail for covertly installing software on other computers to harness their power to mine or produce bitcoin.

Well, most people know that mining BTC with ordinary computers does not make sense for at least 7 or more years in the past - so the question is how did he manage to mine even 1700 BTC in that way?

That's what I was thinking. Probably it's a made up article but why would anybody such a thing
3802  Bitcoin / Bitcoin Discussion / Re: I was left behind with btc market. on: February 06, 2021, 04:51:39 PM
I am posting this because I was surprised how bitcoin market price move. I can't hardly believe that after some time of inactivity in the forum and cryptocurrency there has been a huge changes happen. A drastic bullish trend of bitcoin and other altcoins tha are bullish too like ethereum. I was gonne thought that cryptocurrency could pop like a bubble and everything will go back to the bottom.

Another thing that I also check @coinmarketcap.com is a coin at the top of the listed crypto of coinmarketcap.com btc in the coinmarketcap.com. It has a rank 0 in it highest of all in the market. What could really be happening of thia crypto and why it was being posted in top. There is a  high chance that it can grow for more knowing it is listed at the top.

Hmmpp..I am interested to know what could happen to bitcoin. There are really great surprises ahead and that could be mean that btc could go in just a short period of time having 100K $ per btc. It would be possible and we all know of that.

I was really left behind after all this pandemic has cause so much in all of us in financial aspects. If I could have some spare money I gonna love to invest in a coin eyeing on the crypto listed on top of btc in coinmarketcap.com. What exchange could it be bought? I need to get an idea about this crypto. I am also planning to buy bitcoin. Good Luck to me!

The coin you are referring to is WallStreetBets (WSB) and this is nothing but a meme coin (not a real cryptocurrency). So don't even think of buying this because you won't be able to.

Yes you are late to notice bitcoin rally up so quick and high. But it's never too late to invest in bitcoin.
If you truly believe in bitcoin then you can buy it at whatever the current price is because it has the potential to break the $100k barrier.
I believe bitcoin will even cross $500k within one decade. If you think the same then the current price is still a good price to enter again.  Smiley
3803  Bitcoin / Bitcoin Discussion / Re: Bitcoin transactions can be reversed if . . .! on: February 06, 2021, 04:35:20 PM

That explanation is amazing. More facts are cleared with this however few more gained in the process.

Like, you said they would do this in secrete chain and then publish the proof of work later on to claim the 100 BTC example.

So its more or less illegal way to do so ?

I mean if they claim by your procedure then they would end up stealing the bitcoins from broadcaster. On the other hand receiving party would never receive the bitcoins!!

But what happens to recipient end since bitcoin address was entered but they never reached the address.  



Is it a flaw in the blockchain code ?
Is it really a reversal or stealing ?

It's not a flaw in the blockchain code. It is how it is designed to be. Bitcoin is decentralized and 51% means more than half of the miners consider it to be true.
Now if the attacker has the 51% hashing power as an individual, that's something which shouldn't have happened at first place.
For bitcoin to be truly decentralized, one entity should never have more than 51% hashing power at all.

On the other hand receiving party would never receive the bitcoins!!
The other party would initially receive the bitcoin. As the honest chain built up more and more blocks, they would see the transaction which sends them bitcoin receive 1, then 2, then 3, and so on confirmations. If a 51% attacker then published a longer chain which did not include that transaction, then that transaction (and the bitcoin in the recipient's wallet) would simply disappear.[/quote]

Would the transactions simply disappear from our wallets or be marked as invalid transactions ?
I think the transactions should be marked as invalid ones, not sure though.
3804  Bitcoin / Bitcoin Discussion / Re: What is a math model worth that predicts BTC's next ATH with incredible accuracy on: February 06, 2021, 04:15:04 PM
Like all such models, it is worth absolutely nothing minus the value of the time it takes someone to realise that fact. Anyone interested in your model should ask you to pay them to examine your model, or else they're getting ripped off. Undecided

Haha  Grin That was hillarious.

I partly agree, but didn't the Winklevoss twins do something similar with Zuckerberg and their idea for Facebook, we all know what happened. People routinely exploit inventors because of their oftentimes need for affirmation, as they normally don't fit in with the general population. This naivet is often exploited. Ok thanks for your input.

Tell me one thing, what's the use of such model even if it exists (although it doesn't). Assuming that the model would predict the ATH 99% accurately (well that's funny too  Grin )
wouldn't it make the traders aware and then they will just start selling their coins right before the ATH. Hence a big sell would occur right before the predicted ATH.
Hence the ATH the model predicted would fail to be accurate. Hence it's just a waste of time.

It's like time travelling to the past and changing something which eventually changes all the course of events from that point till date.
3805  Economy / Games and rounds / Re: 🎡 GOSU Roll Hunt @ BC.Game 🎲 $400+ Dice Contest 🎲 72 hours! 🎡 ⭐ BTCGOSU ⭐ on: February 06, 2021, 03:05:59 PM
....//...:



Hello Csmiami, as they mention 6730 and the decimals do not matter, I am interpreting that it works, but you are the manager if you say that it does not work, no problem.

I repeat it is a matter of interpretation if it does not work it is fine.  Smiley





Hi pawanjain, nice to meet you.

I think we have a manager in this fun roll hunt and he is in charge of showing, saying, correcting, etc.

It is good to cross messages with you, good things that these types of contests leave in other type profit...




Hi buddy,

Yes we do have a manager but we are the gosu community where we tend to help each other in whatever way possible. Good to see you around.

Also for decimal part :


Some more clarification:

- 0673 / 6730 / 06.73 / 67.30 are GOSU number hits (decimals don't matter)
This means we can hit either of the above four numbers. In your case the number you hit was 0.0673 which is invalid I believe.

3806  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 06, 2021, 02:57:44 PM
~
No. 25% is the increase of the interest on the BTC balance. Normally you get a daily interest corresponding to an annual interest rate which is 4.08%. If you keep 500000 FUN after one year the annual interest rate will be 5.10% (because 4.08x1.25=5.10).

This isn't one of the big selling points unless you intend to keep a good amount of BTC for several years on the site. With compounded growth it could grow to be a nice amount if you're willing to wait.



Today, I got my third 5000 sat prize in less than two months from the wheel of fortune. I'm still hesitant about trading my BTC for some lower top 100 altcoin, but if you do the math you are practically guaranteed to earn it all back within a relatively short time period.


Third 5000 prize is really good achievement for you because in recent I never have any big prize from this site mostly going with 50 RP Lottery Tickets and Satoshies but you done good job nearly 5$ prizes not bad at all your luck is high so you can do some more good for you right now. Grin Smiley Wink

Yes you are right. It's great to get such odds recently. The last time I got 5000 Satoshis was more than 4 weeks ago.
Wait a minute, I just made a meme for this right now. LOL  Grin Grin This is exactly what's happening right now.


 

3807  Economy / Games and rounds / Re: 🎡 GOSU Roll Hunt @ BC.Game 🎲 $400+ Dice Contest 🎲 72 hours! 🎡 ⭐ BTCGOSU ⭐ on: February 06, 2021, 02:31:06 PM
nickname:FmBet
Outcome:6730
Nonce: 6211
Server seed:141773bbbca04c17f5ccfdcfd3f509241a28f2706003f04e3f09749be86707d3
Hashed serverseed:662dea3b782493115cd634c7a6e26b7e6839eb69d4de2439831d1e4363f03040
Client seed:rdyiKrzkXDt2E3eGc
Tweet link (optional):https://twitter.com/fMbeTcoiN/status/1358031242550120448
I couldn't verify this roll, the outcome says 0.06

Yes you are right. Even the shared twitter link is showing the bet result as 0.06


 



Quote
---
I rather you make a new post so that I can tell the new rolls from the old ones Smiley


As you say master
3808  Bitcoin / Bitcoin Discussion / Re: Bitcoin FreeFloat Supply on: February 05, 2021, 05:10:43 PM
With their methodology calculations it is showing much lower supply with around 14 million Bitcoins, and they believe almost 4 million is gone, and It's not like I am surprised with this but I would like to see how exactly did they calculate this but they don't provide any explanation about this, but they probably excluded all coins that was not moved in several years.

But that's definitely not the right way to calculate the total supply. Assuming many old timers would have just stored their wallet just like that.
Many would have stored it as collectibles. Many would have stored it in a secure place where they can access it only in emergency cases.
These coins would not have been moved yet should be counted in the circulating supply.
Them, not mentioning the method to calculate their freefloat tells us why we should not be believing them for the number of circulating supply.
There's no correct method proven to find the actual number of bitcoin circulating supply.
3809  Economy / Gambling discussion / Re: Gamblers - How do you use your signature campaign earnings? on: February 05, 2021, 04:25:45 PM
Signature campaigns right now are paying on a dollar-based unlike before which was paid on a BTC-based whatever the price of bitcoin was. Even the mighty Chipmixer campaign failed to continue paying their participants on a BTC-based payment and had to go through a $ based payment which is still the highest payment campaign up until now.
For us, who got paid 50-80$ worth of bitcoin, it's better for us to hold unto it until the price has increase but it's sometimes fun to gamble our earnings with what we advertising on our signature space. However, I haven't gamble my earnings for a long time now as for me it's sometimes a hassle depositing and withdrawing funds especially that most gambling sites has a minimum amount required to withdraw on. Also, the fees is a factor as gambling 50-80$ and a fee of 1-10$ is too much for just that amount.

It's definitely better to hold bitcoins at such times. I am still holding my earnings from a few months ago and can almost see it double in price  Grin
Chipmixer was paying too much according to the price of bitcoin until recently it slashed it prices. It was quite expected though.
They decreased the price to more than 70% of what was getting paid which was a turn off for many.

Gambling these days feels like goosebumps when we see the bet amount in fiat equivalent price. I never see the fiat equivalent until I have stopped gambling for that particular day  Grin
3810  Economy / Games and rounds / Re: 🎡 GOSU Roll Hunt @ BC.Game 🎲 $400+ Dice Contest 🎲 72 hours! 🎡 ⭐ BTCGOSU ⭐ on: February 05, 2021, 02:44:25 PM
So it's back again  Grin Let's see if someone breaks the previous high score.
Also, it would be great if everyone post all their bets in a single post rather than multiposting.
It would help the host to count the bets easily. All the best guys. May the best win.

Will edit this post for placing bets later.
3811  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 05, 2021, 01:50:26 PM
Fun token is now worth about 4 cents, and the project's Funfair  market capitalization is almost $300m.  These are very good results.
 I should also note that the company recently launched a new campaign here at BTT, which is planned to last 4 weeks and the number of participants, BTT users is 100. I don't remember such large-scale signature campaigns in BTT.  This has not happened for a long time.
  All this suggests that devs are active and not in vain occupy the honorable third place in the world ranking.  Let's wish them to rise to second place Smiley

Well I got to know about the FUN tokens and how it gained more than 100% of it's price in just a few days. I thought of joining the hype and bought some tokens at the price of 146 sats from an exchange.
Later, the price fell down and went below 120 sats. I sold the tokens for BTC and since bitcoin increased in price recently the loss was recovered when paired with USD.
It was just an experiment. Although I have lesser sats now, I am not sad with the losses. I played the multiply BTC at freebitco.in and gained some sats back.
3812  Economy / Exchanges / Re: Almost lost all of my coins in an exchange last week on: February 04, 2021, 04:42:53 PM
Damn, that's quite an experience. Personally I haven't faced such a situation in crypto. I have faced it on Social media though (getting a social media account hacked and then successfully retrieving it back).

There are a few things to talk about here. Reading the comments I got to know that the exchange you are talking about is Binance.
It's a well reputed exchange with a lot of fake phishing websites. May be you clicked some phishing website which you don't even remember.
It happens with the best of us. May be it was an insider job(though the probability is low, it can still happen)
May be someone had access to your devices which were earlier used to login to binance.
May be someone who knows you had planned to hack you

The reason might be anything. Unless you are an active trader it is always advised to store your coins in a custodial wallet rather than an exchange.
3813  Economy / Speculation / Re: 1BTC Reaching 1million Still Unrealistic on: February 04, 2021, 04:14:24 PM
I stumbled on a post on this platform about 1 sat being $1, but am gonna do a simple calculation if 1sat was equal $0.01...

I just want to do some mathes, if you don't like mathematics, stop reading already...  Grin

Currently the total wealth in the world is sitting at $360trillion, cool....
It won't make sense if the total number of BTC that will ever be takes more than 8% of that number, let's do the math already
If 1BTC is worth $1,000,000

Therefore 21,000,000BTC will equal
 21,000,000 1,000,000 = $21,000,000,000,000

Thats what $21trillion, almost 8% of all the wealth in the world??

Wealth measures the value of all the assets of worth owned by a person, community, company, or country. Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts.

So if BTC takes all 8% to itself, what about real estate and all the other sectors??
P.S I didn't do economics anyways, and by the way how do I add pictures on my post??

That's quite possible if you look at it's historic data and no, it is not even so unrealistic as you are calling it to be.
Bitcoin has been rising at a good pace and it is the trust that people have on bitcoin which is giving it it's value.
Unlike USD bitcoin is not so inflationary. The feds are printing millions of dollars every year out of thin air causing inflationary spikes destroying the economy.
I believe anything can happen because people have already started realizing this fact and how revolutionary bitcoin is.
Bitcoin reaching $1,000,000 will definitely happen in a few decades or may be soon.
3814  Bitcoin / Electrum / Re: Electrum Lightning Network walkthrough on: February 04, 2021, 02:09:18 PM
How do I open a channel between 3 nodes?

I explored Electrum but found the option to enter only one remote node id. I want to open a channel with 2 of my friends to try how this works.
Is this feature available on Electrum yet ?

Also, I read that dual funded channels will be available soon. Can we expect that on Electrum soon ?
3815  Economy / Games and rounds / Re: SatoshiHill.com Review Campaign - Full Members to Legendary - Up to 0.0001 Sign Up Bonus on: February 04, 2021, 09:55:14 AM
I like crash games. They are my favorite. Will definitely try this one out.

Bitcointalk username: pawanjain
Rank: Sr.member
SatoshiHill.com Username: buzz08
Review: Good / Average / Bad
: Bad
Detailed Review:

The register/login page design is really bad. Why does the page design has the theme of a chart and that too such a low resolution background ? What are candlesticks doing on a gambling site ?
The site looks absolute clone to bustabit just with the exception that this one looks really bad. There's arrow buttons to increase/decrease betting odds but no arrows for increasing/decreasing bet amount.
Also there should be buttons such as 2X and /2 for doubling and dividing the amount. One thing that is also missing is the Provably Fair. Almost all gambling sites have this system these days.
All in all, this site has so many thing to improvise.
3816  Local / India / Re: Updates on crypto ban bill on: February 03, 2021, 07:56:25 AM
Cryptocurrencies won't be banned so easily guys. A large number of population in India is holding crytocurrencies worth crores of amount in INR.
So the government wouldn't just announce a blanket ban on cryptocurrencies and even if they would (which is highly unlikely) they would definitely give time for traders to sell their cryptocurrencies.
But still, most of the Indian people who hold cryptocurrencies are in favor to enable regulation instead of a ban.



On a question about "Does the Govt know many businesses use it?", the MoS for Finance is like, "Well, No bitch!!" Roll Eyes In my opinion, the bigger exchanges and businesses should be ready to hire the good lawyers and pay them well to take this through the courts on its technical merits like the last time. Pinning hopes on this Govt (Sorry Modi Lovers) is like having a hard-on for the black widow spider. I am all for not panicking and hoping for the best but till someone from inside the ruling party mumbles support, the crypto community should be prepared for the worst.


WazirX CEO Nischal Chetty mentioned in an interview on Youtube that the bill will probably not be presented to the Parliament at all.
Even if the bill is presented the standing committee will ask the Indian entrepreneurs to point their views on the bill and then get their inputs before finalizing a decision.
He also said, if something like this happens then they are ready with their advocates to talk towards regulation of cryptocurrencies.
3817  Local / India / Re: [BITCOIN BIRTHDAY RAFFLE] #9 - Pick a lucky number and win 0.001 bitcoin on: February 03, 2021, 06:44:21 AM
Block #668750 - 00000000000000000005cc320f6966fffe91ef6394b8fde72faf8e525c6283f2

since it's 12th bday of bitcoin. I will take the number 2.

Congrats pawanjain for winning this birthday raffle. Please post your BTCitcoin address (if possible add a bech32 address to prevent high fees) so that I can PM @DarkStar_ for the payment.

Wow, finally I won the Raffle. Seems like the bitcoin birthday raffle was indeed a gift for me from bitcoin itself  Grin Grin

Here's the bech32 address : bc1qdyd5v78pd2p65z550uqvd6trr3swffuh752wxs

Thanks for organizing the raffle
3818  Economy / Gambling discussion / Re: What has been your longest streak of dice losses using martingale ..? on: January 31, 2021, 01:43:50 PM
Im just trying to collect some data, also I guess this post will be useful for the rest of the forum users.

In my case, in 2018 I loss 32 times one after another using the dice system on freebitco.in.

Greetings

32 times ? What The holy F***
That must have been terrible ! So even if you started with 1 and used a martingale of 2x on lose your total loss would have been around 30 - 60 BTC
That's some insane amount. And you would have got just 1 satoshi if you would win on 32x streak. That's just absolute craziness.
Either you are lying or that is the craziest shit every happened bro.

I have tried martingale too but on lower levels. I had decreased my profit ratio to increase my chances of winning and lost about 7-8 times in  a streak.
3819  Economy / Gambling discussion / Re: Thailand government seeks measures to tackle the problems of illegal gambling. on: January 31, 2021, 11:35:52 AM
Illegal gambling takes place because there are people who take part in this and the users who continue to support it despite knowing it's illegal.
It's good to see that the government of Thailand is planning to take measures to stop illegal gambling and convert it into legal ones so that it benefits their nation but I hardly think that this would stop illegal gambling.
The owners will definitely find an alternative to continue illegal gambling unless the government is continuously tracing them and blacklisting the owners for regular investigation.
3820  Economy / Gambling / Re: Duelbits.com|Instant BTC & ETH withdraws | Live games & Slots!| on: January 31, 2021, 04:26:02 AM

I am not affiliated with it. It's affiliated to BTCGOSU which is one of the best gambling review sites. Check it out below.

https://www.btcgosu.com/review/duelbits/

I sign up here posted my first review on Duelbits of course it's a positive review because it reflects what Duelbits has been doing it's still under moderation I hope they generate more positive reviews and they continue their contest and promotions and their status in the gambling industry as one of the reputable gambling sites, it's what gamblers are looking for.
To be honest I haven't read on some review sites regarding Duelbits but more like the promotions get me into the site to sign up that has more valuation on my end. If they get consistent throughout the forum with promotions I'm sure that equates to give them that reputation they deserve. Furthermore, whatever Hhampuz tried to promote it totally gets traction.

That's not entirely true. Anybody can host promotions in the beginning of their launch. Duelbits has been doing promotions for a long time now which is why we can trust it though.
But trusting just on the basis of promotion especially in the beginning days of any gambling site would not be a wise idea.

BTCGOSU has been doing a remarkable job in pushing gambling site reviews to their website. Even I wasn't aware of them until I found it out.
@efialtis has been doing a really good job with all the reviews and promotions as well which is why I trust the site and have bookmarked it as my primary site of gambling review.
The free promotions and events they organize is just a boon  Smiley
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