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3901  Other / Beginners & Help / Re: I want to increase my bitcoin spending privacy on: January 26, 2021, 07:13:43 AM
If you care about your privacy, you should always check from what address you want to send your coins from.
Also, it is not common to spend all amount in chosen UTXOs that results in the reason to use changed addresses for leftover amount.

Spending the funds from ChipMixer on Electrum will still leak your IP address if you're using an SPV wallet or if you're not using a dedicated proxy/tor session. If you're using Electrum, unless you're running your own server, there would be no privacy whatsoever.
In addition: Checking transactions without Tor can leak IP addresses. The companies who create and run block explorers can collect and sell your IP addresses to other parties.

In most cases, the real owners of address and transactions are the ones who often check that transactions with block explorers, not strangers. The blockchair.com explorer built their tool with Privacy score, it is a good tool to assess privacy score for transactions. The adverse effect is if you check it without Tor, your privacy is reduced as IP address is leaked.
3902  Other / Beginners & Help / Re: Buy from Coinbase on: January 25, 2021, 03:05:11 PM
You can not.

When you use centralized exchanges, your bought bitcoin will be credited to your bitcoin addresses on exchanges. You will have to withdraw and move them to your wallet (Ledger in this case). You will lose double fee.

One bad thing is exchanges set up their fixed withdrawal fees (that will cover many fees: transaction fees, fee when their staff verify your withdrawal request, and do it for you; fee to consolidate bitcoin inputs from deposits, etc.). Exchanges don't say it publicly but you will be charged such expensive fees.

You can check fees (taker, maker, deposit, withdrawal) with
3903  Bitcoin / Bitcoin Discussion / Re: If Bitcoin had a Billion Max supply instead of 21 million.... on: January 25, 2021, 02:05:08 PM
To say about total supply and price, you guys forgot about one decisive factor:
  • How long will the total supply be released/ mined/ staked/ minted (not only for bitcoin)?
It is a decisive factor because the more years, decades from now, the higher population over the world so it will be the same story for bitcoin scarcity if the total population increases and reaches to the same rates of the increasing change in the new total supply.

With a bit less than 21 million bitcoin, it will be mined all as schedule in the year 2140. So with 1 billion, what if it will be mined all in the year of 7854 (5714 more years than 2140). I bet that the world population will rise more than 47.62 times (1 billion / 21 million = 47.62). It will do rise exponentially. Of course if the Earth will survive up to that year.
3904  Other / Meta / Re: Public request to Theymos for a name change on: January 25, 2021, 01:47:51 PM
I sent you a PM a couple of months ago requesting to change my username, and I did not hear back from you.  Since I don't know if your silence means "no" or not, I'm again humbly requesting my username be changed to The Sceptical Chymist.  I have good, personal reasons for asking for this change, and I'd kindly ask that you consider granting my wish.
I am not a decision-maker but I support your request.

It is just my 2 cents. Do you think The Sceptical Chymist is too long (especially it has spaces in between). I doubt that it will fit well in the account description area on the left of each post.
3905  Bitcoin / Bitcoin Discussion / Re: Storing data on Bitcoin blockchain? on: January 25, 2021, 06:55:34 AM
I am not sure but do you mean some texts in Coinbase data, like the Genesis block ?

Code:
��EThe Times 03/Jan/2009 Chancellor on brink of second bailout for banks

Or the similar message in block #629999
Code:
��	R🐟NYTimes 09/Apr/2020 With $2.3T Injection, Fed's Plan Far Exceeds 2008 Rescue  Mined �^H

Read more
3906  Economy / Speculation / Re: Best Youtube Channel for Bitcoin price and prediction on: January 24, 2021, 03:25:07 PM
+1

Signal to noise ratio is so bad that being too "informed" will probably bring more bad than good and it might make you doubt yourself which could cause making stupid moves. I did that mistake in the past when i was a noob and I thought that YouTubers know what they are talking about.
I admitted that I made same mistakes too and I guess other newbies do the same, very understandable.

A channel or account that gives you free articles, status, tweets on technical lessons are easy to be forgotten or ignored but they are valuable assets for your long journey. People mostly have more interests in signals but they are harmful in a long run. They can earn in money but nothing in knowledge / skill then adverse effects will kill them.
3907  Economy / Speculation / Re: Best Youtube Channel for Bitcoin price and prediction on: January 24, 2021, 01:20:59 PM
Generally, the more exposures you have to news (televisions, social media, press releases from websites as well as videos from Youtube channels or signal groups), the more uncertainty you will have, the more bias your thoughts will be. I don't say having a thought on the market and be conservative with it is good but having independent thought is the best.

Just don't forget the rule #1: protect your capital. Sometimes, it is a perfect trade if you can take a draw and exit the market.

If you need a senior, experienced trader to follow, here you go: https://twitter.com/PeterLBrandt.
3908  Other / Meta / Re: @theymos please sMerit 1:1 on: January 24, 2021, 11:36:13 AM
You can unlock your topic and I will lock this because theymus can not just merit you because you want merit 1:1 smerit, theymos will like the hear other members opinion but with how good merit system is now, I think your idea will not be welcomed.
2:1 is enough and there are merit sources to pass through the half-reduction of sendable merits. The combination between them are enough for the merit system.

The suggested 1:1 ratio is only bad as it will make more sMerit available and the quality (in average) of merited posts will be reduced. In addition, more compromise might be triggered.

And if 1:1 ratio is accepted, all merit sources are unnecessary and need to be removed.

The bull market already catches lot of people, daily new users statistics have new highs after few days. I don't naively say they all come from the bounty hunters but some of them are.

I will make a time-series plot with data from recent days but I am sure the past record in 2017 (monthly new members) was broken recent weeks.


The current ratio helps to maintain the quality of merited posts, unofficially and I'd love to see everything of merit system stay at what they are now.

Update
Raw data
  • m: Calendar month
  • t_newmem: Total new members by calendar month.
  • In January 2021, so far, there are 128579 new members. New all time high in January 2021, definitely.
Code:
     +--------------------+
     |       m   t_newmem |
     |--------------------|
  1. |  2020m7      11389 |
  2. |  2020m8      12264 |
  3. |  2020m9      11801 |
  4. | 2020m10      12925 |
  5. | 2020m11      17645 |
  6. | 2020m12      58476 |
  7. |  2021m1     128579 |
     +--------------------+
3909  Economy / Speculation / Re: Do you think the price of Bitcoin will remain stable at this price? on: January 24, 2021, 11:25:37 AM
For some time now I have been seeing the price of bitcoin fluctuate between $30k to $40k.If it is stable,I think it is possible to make a good profit.
Bitcoin might have a slightly stable price in next 7 days before big changes come. You can see it with 1D chart and some indicators.

Also can be seen with BTC.D and OTHERS.D (1D charts). They will stay around their positions in next one week. Altcoin dominance (OTHERS.D) is reaching the resistance and Bitcoin dominanc is almost at its good support. Altcoin dominance can increase more before get a pull back but a slightly stable price of bitcoin is enough for them to take off.

Other indicators show they might remain above upper band or lower than lower band for a while (up to around 7 days) till the end of January or very early days of February.
3910  Alternate cryptocurrencies / Speculation (Altcoins) / Re: When Bitcoin dominance falls Isn't it common for altcoins to rise? on: January 23, 2021, 02:50:49 PM
Dominance on the market, for both bitcoin or altcoins are distorted significantly by DeFi tokens. They have huge total supply, current supply and over-valued price so that they add up a lot of marketcap for altcoins. Bitcoin dominance was decreased by its price is one side but there is a second side from altcoins as said.

Despite of the distortion from altcoin dominance, they (altcoins) have been slowly heated up last one or two months, and fastly speeded up in the last two weeks. Altcoin season is coming but you will be late much if you join now. The best time to prepare for the season is 2 weeks ago not now.


3911  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Fake token on Uniswap on: January 23, 2021, 12:06:11 PM
Some details must be checked carefully but I doubt that newbies will do all steps and check all details. This habit makes them become the most vulnerable people of scammers. Token name and token ticker are the first things to check, then smart contract address, and decimal. The last thing to check is website link (it is almost unnecessary as if you know about the official website, you would click on hyperlink from it and get legit details).
  • Token name
  • Token ticker
  • Smart contract address
  • Decimal
  • Official website
3912  Other / Beginners & Help / Re: Some books on the blockchain technology on: January 23, 2021, 07:46:14 AM
3913  Economy / Trading Discussion / Re: Individual Investors vs Whales/Institutional Investors on: January 23, 2021, 07:27:54 AM
Who holds more bitcoin combined? Individual investors because of their sheer number or whales/II's because of the amount that they own and can buy.
Exchanges, institutes, entities, whales are the dominant bitcoin owners. You can check the rich list of bitcoin there. There are 0.01% of Bitcoin addresses have 1000+ bitcoin and those addresses contain 5,493,831 BTC totally that account for 29.53% of current total supply.

In past months of 2020, there are more institutes joined the bitcoin market and they bought a lot of bitcoin as well moved them out of exchanges to their possible cold wallets.
3914  Other / Beginners & Help / Re: Sales of bitcointalk account must be discouraged on: January 22, 2021, 05:08:07 PM
which we know that account sold to another user can cause different issues to whom that bought it
Buyers take risk and they deserve any consequence at the ends.

Account selling has more consequence for the forum and forum members: spam, scam, loan default, troll, etc. Those consequences are bigger than anything will happen with buyers.
3915  Economy / Trading Discussion / Re: Google Trend and Bitcoin price. Do retailers rejoin the party? on: January 22, 2021, 04:39:09 PM
Ignore all potential and real bias or uncertain factors, those charts disclose a general picture of the market (new inflow of observers, investors, capital)

Another way to detect retail effects
  • Twitter followers of Crypto exchanges and Youtube's subscribers of influencers.
  • Upticks on those bar charts indicate something.

Sources:

Now, ignore them and take a glance at the chart for Pageviews of Bitcoin Wikipedia's page. It shows people searched, were directed to that page and maybe spent more time (assumed so) to read Bitcoin Wiki. The more knowledgeable they are, the higher probability that they will spend capital (or spend more) to invest in bitcoin. Many of them are future of bitcoin market.
3916  Economy / Speculation / Bitcoin 2017 - 2021. Better price not yet to come. Be careful on: January 22, 2021, 03:59:36 PM
Update

Price and volume charts
  • Volume hits its all time high at $123,320,567,399 on 11 Jan 2021. So impressive!
  • It is a rise of about 50% from 4 Jan 2021. After the all time high, volume is falling to around $70 billion per day

Bump-Hump-Lump-Dump pattern
  • It is an interesting pattern for bull market
  • Finally, the 2020 - Jan 2021 parabolic growth is broken and it fits the pattern.
  • Anyway, let's try to accumulate more bitcoin with such breaks and prepare for next bull round. The parabolic curve is on-going


Don't worry about the recent correction, it is expected
  • According to the Mayer Multiple bands.
  • The price has not topped yet for this bull market. The band will be expanded or narrowed down (but it might be expanded more as it is a bull market) and for now the top is around $73k

3917  Other / Meta / Re: Three millionth account registered on: January 22, 2021, 02:10:11 PM
Can anyone explain such a high activity?

Edited: I think this is a record ... 37,065 accounts were registered on January 20.

In median of 16 days in January of 2021 (p50 value in the raw result table): there is 1911 new members daily. The max value is 11413.
A new record for daily new users after many months, about 3 times of the past record at 11413.

Reasons: I am thinking of some possible reasons:
  • Bounties: new bounties from shit altcoins. It is the most likely reason as bounties are very easy in rules and accept newbie accounts. I did neigher visit nor follow the bounties board for so long so I don't know what has been happening in the child board recent weeks.
  • Possible checks
    • Checks and compares total posts in bounties past 1 to 4 weeks and previous few months
  • Real new users joined the forum: I don't believe it is the case, especially with such a spike. Honestly, I did not create the account on the forum since the first day I knew it. I only read as a guest.
  • SEO-attacks, again: I don't think it is a reason as recent days, I did not saw shit posts with dozens of hyperlinks like back in December 2020.
3918  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Bitcoin, altcoin season index on: January 22, 2021, 02:00:24 PM
Hey, altcoins have been cooked and heated significantly in a short period. Below is the points of altcoins that shows altcoin season has yet to come. BUT 67 points mean it gradually rises and almost touches the critical threshold at 75 points.

Additionally, today, I brought the All-year chart to you. If you are astute, you will notice the visual periodic cycle for altcoins. The length between the past altcoin season and today is still less than average length between past seasons. If you naively believe in history and assume history will be repeated exactly, altcoin season need a few more time (weeks, maybe) to officially activated.

But yeah, joining the party when it is confirmed can be a trap as same as some delayed TA indicators like MACD, RSI, etc. You know what I meant.  Smiley

3919  Other / Beginners & Help / Re: Sales of bitcointalk account must be discouraged on: January 21, 2021, 02:54:02 AM
1. Not supported by bitcointalk admin
There has been thread before about bitcointalk forum to be selling ranked accounts in the past, but according to theymos it will not happen.
Those topics come from account sellers, hackers, not from the forum. You missed one point here.

Quote
2. Hacked accounts can be sold
The person that bought the account will happily make his first post while the account owner will report that his account has been compromised. If he signed staked address he will be given back the account thereby leading to the buyers to lost money.
There are 3 scenarios to lose money:
  • Get scammed by account sellers. You go first with your money but don't receive any account back.
  • The real owner of account manages to get the sold account back shortly. It won't happen too often as most of sold accounts are very old ones (from hacks years ago AND real onwers almost left the forum or forgot about their hacked accounts)
  • The bought account can be locked by the forum by security reasons. Account buyers won't be able to prove ownership and unlock it

Quote
3. Other fraudulent activities
~ snip ~
This is the main reason I even hate sales of account. And the reason I proposed official seeling of account by admin which can possibly lead people selling account underground not to be able to again.
Account buyers mostly buy it for bad reasons:
  • To run their scam projects, to do scam activities (no-collateral loan, big off-Escrow trades, etc.) but there is no point that account sales from the forum can prevent such the things.
  • The forum can not ask the buyers to send any amount of bitcoin as security deposit for scam prevention.
  • It is unrealistic, even it is applied, how long the security deposit will be released? Again, it is unrealistic and impossible.

Quote
4. New members not knowing about the forum at all
Account buyers are not newbies. You know that. Newbies don't know the forum enough to think of buying account for scam/ fraudulent activities.

Quote
5. Bought accounts can be banned and most likely will be banned
I was wondering before why legendary account and hero accounts are banned, later I noticed some can be bought accounts, newbies do not know about the forum, bought ranked membership account and was banned because he violate the forum rules which likely to occur to newbies, this is likely common the reason you should pass through the newbie period by opening newbie account for good.
Bought accounts can be banned for past rule-breaking activities (mostly are plagiarsim years ago) or from new owners. However, real owners who buy accounts to scam, don't mind when it will be banned. It is throw-away account.

Quote
6. Thinking they will buy account and join signature campaign quickly
Psychologically thinking, account sellers even leave no smerits at all and the account do not have single merit in the last 120 days.
Earned 0 merit in last 120 days or a lot from abuse, it does not make sense and won't help them to get spots in good campaigns. Professional managers exclude them at very first screening rounds. Again, they are not real newbies!


Don't expand your posts too lengthy that looks like your style which is bad and does not help you to earn merit. You will have higher odds to earn merit, with same contents and shorter posts.
3920  Economy / Services / Re: LoyceV's Avatar for Rent [first 🦊YEAR🦊 (96 weeks) rented out] on: January 21, 2021, 02:17:01 AM
Dear LoyceV, I kindly ask you and the other gang members to to squeeze in a bit and make a bit of room for me as well inside the foxhole. Thank you for understanding Smiley
If I recalled correctly, The Pharmacist is the last one joined the club, before you, and it happened many months ago. After that last round of acceptance, Foxup said he did not plan to expand the club more.

Congratulations for your empty signature space, the new avatar and a position in the club.

Of course, as same as @fil. I hope that I might get a spot in the club in the future.
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