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4121  Bitcoin / Hardware wallets / Re: Open source Hardware Wallet instead of ledger recommendable? on: June 11, 2020, 07:13:41 PM
I think the two major de facto competitors with crypto hardware wallets are Trezor and ledger (those are always the ones discussed the most and seem to have the strongest appeal to people for usability and security).

Trezor itself is open source ans their device hardware specs are published on their github repos so you could go and get your own device printed without them (but it'll cost you a bit more and may not necessarily be more secure)

A lot of open source projects have a faster community support and faster patches, they're also quite a bit easier to test for bugs if necessary but while both trezor and ledger remain with a large development and maintenance team this might not yet be something to consider (unless or until ledger look to be cutting back on the amount they spend to maintain their device and software security but by that point they might open source the whole thing anyway - it'd be the responsible thing to do imo).
4122  Bitcoin / Bitcoin Discussion / Re: First Bitcoin Lightning Network Food Order by Phone on: June 11, 2020, 07:08:03 PM
Nice work! I don't know about the cheeseburger without cheese though Grin.
Do you know if they train employees up to be able to take orders as the guy on the other end didn't seem to know what he was doing...

I used BlueWallet for the lightning network which allowed this transaction to be confirmed instantly, and have zero transaction fee!

really? Is this some kind of promotion where the restaurant (or their payments firm) are paying customer transaction fees? That would be a smart move seeing as it's not going to cost alot to do so.

I think some transfers are charge free, my lightning network transactions on Eclair are capped at a 3% fee which seems like what credit cards charge merchants in the US (afaik I thought that was the standard charge for AMEX over there and also why they're not widely accepted here). Fees are normally unnoticeable with lightning payments though and a 330k sat payment would even have a low fee on the blockchain (without a fast conf) and this is what the LN is trying to replace.

My last transaction of £1.48 (20k sats) cost 3 sats to send for example.
4123  Economy / Speculation / Re: TA indicates a sharp drop soon on: June 11, 2020, 06:25:52 PM
sharp drop
go back down towards $6/3k levels...

to this day i still don't understand why some people keep saying things like this! why should price of something drop SIGNIFICANTLY just because it didn't go up?
i get a small drop to something like $9100 or to $8900, it makes perfect sense and it has been the reality of every market out there, also the bitcoin sideways periods have always been like this when price fails to break the resistance (or another way of looking at it: fails to break the support and go lower!) it keeps dropping and rising in small increments.
but i never understand why you claim that drop has to be so GIGANTIC?

Mines coming from the fact the other drop was massive. If people bought at 4-5k and we drop down to 7k quickly, theyll be more likely to drop their coins and sell them off. Since we went to 3.8k so fast I haven't had much faith in the price holding any level also tbh.

From mainstream social media too there's a lot of retail that are holding their coins, if we do another drop they light cut their losses and pull out... There's also a chance the stock market will crash again and it doesn't seem unlikely...

I don't think it'll be a massive drop though, it could be but I think a fall to 6.5k is realistic considering we've plateaued for some time. We can't really be stable at 6k so it could be around 5.5 instead if we go further... We looked to have dropped and risen from 9k at the point I'm writing this, dunno if this is going to move further or just go back up.
That is the trick here, the chart says it "could" drop, it could also go up insanely high as well, it could go up so much that the price could be $20k,

Yeah a lot of ta for traditional forex is 60-90% accurate for forex, it's probably lower with crypto just due to differing markets and the number of people looking at simple ta patterns...
4124  Economy / Trading Discussion / Re: Feedback on our project? BitFolio pays you for running a paper portfolio on: June 11, 2020, 05:10:23 PM

I suck at trading and I even suck on picking who to follow for advice  Cheesy, so I think I will pass.
Reminds me how I've chosen to follow a racing tipster just from the point he missed 28 out of 30 predictions.

Haha yeah everyone gets burnt with certain types of trading.

Cfd trading with mismanagement (and its often hard to manage) is going to liquidate someone every time. High risk stuff should really be done with a fraction of funds on the exchange as a small fraction of your portfolio deposited and a lot of people can't do that...

A lot of the time it's hard to lose with alts if you have a signaller that's been doing it for a while and you can normally look at their history and start to work out how they make their signals...

If they're just picking key resistance and support levels then it's good enougb for me to know it'll get back up there at some point.

4125  Economy / Speculation / Re: Bitcoin Price Will Drop - Sell Your Bitcoins - Part II - Get 180% Profit on: June 11, 2020, 03:32:55 PM


Good to know. What do you look at to measure sentiment? I haven't been watching Twitter much these days. I'm mostly just looking at margin data, the forum, and a handful of traders I follow. All seem to indicate people are more bullish than 50/50 though.

It's mainly based on what I can find on this forum although I also take into account SOME YouTube videos (often stuff I watch about the stock market). You can normally tell if a person knows something remotely about what they're saying or not and I'm not sure about twitter, the character limit always seems quite constraining when looking at posts.

I have economics and speculation board on notify too (so I can have a quick read of the titles as they come in) and that adds an additional point for people who actually know where to post but they all seemed to be around 50/50.

Edit: I also use telegram a bit too...
4126  Economy / Speculation / Re: Bitcoin Price Will Drop - Sell Your Bitcoins - Part II - Get 180% Profit on: June 11, 2020, 03:42:52 AM
These numbers look like the OP pulled them straight out of his ass. Roll Eyes
It's quite a conservative estimate too based on what other bears are suggesting. I don't know where the 180% profit came from, at this point maybe he thinks we'll just about break down to 5.5k-5k but that's not really stated...

At least it's comforting knowing there are still some bears out there.

I'm seeing about a 50/50 split with most people, other than the superbulls that'll never be bearish (the people I autmoatically class as hodlers).



The way I see it:
Short term: bullish (potentially $10-12k in the next few weeks)
Mid term: bearish (down to 3-6k)
Long term: bullish to 50-90k (inflation adjusted based on what's going on with the stock market - we might see a $300k bitcoin if enough retail sell a tiny proportion for risk)

(my mid term estimate has no fundamentals and the only analysis assumes a descending rectangle - it could be completely ignored)

i'll throw up a chart, prior trend forming a top in very short term price action.   Just so happened todays action matches it and suggests bearish action is not ended.   Could be invalid still, just think its quite funny how closely it matches something I drew ages ago.    Still seems to be the case we presume a little too much the price continues upwards, to me it seems far too hesitant to give me confidence its now reliable in that direction and if market itself forms doubts the speculators will pull their money.

Hmmm so you think stagnation or even a small incline here is actually similiar to slow decline in price?
People are just going to start pulling out here and keep doing so if we don't move anywhere.
I just wakt for a movement after stagnation like this and hope i can catch it in a direction (or catch the move's complement/reversal later on)...
4127  Bitcoin / Bitcoin Discussion / Re: Can others compare to bitcoin's values? on: June 10, 2020, 11:28:46 PM
It'd be hard to try to rank this sort of thing too.

Neutrality takes some points from openness for example because if you need to pay a higher fee to transact then you lose an edge on the openness as the chain will grow due to this.

I think decred was also listed as one of the greatest coins for security requiring several hundred billions afaik to overcome it, but if someone tries to dump a PoS coin then it might take a lot less... PoS security relies greatly on its market cap and we saw how btc had it's halved by a few million (afaik) quite recently.
4128  Economy / Trading Discussion / Re: Feedback on our project? BitFolio pays you for running a paper portfolio on: June 10, 2020, 11:22:10 PM
Looks like a nice idea, I'd be interested in subscribing to others when that becomes available (as I don't have the time to do this sort of thing myself)... How's your competition, I'm not sure if there's much in this space already?

Also are you going to let the signallers pick their fee or do you give them a predetermined one (or is this too early to say)?
4129  Economy / Long-term offers / Re: 5 BTC LOAN NEEDED 🇮🇹 FOR 30 DAYS , 2% DAILY on: June 10, 2020, 11:14:26 PM
I don't know what is wrong with you people, maybe someone is trying hard to get the shot he found .

I mean it's not like you've provided any details of anything for this random $50k you're seeking, sounds like a lot of medical masks to me and I think a lot of Europe is with a strong supply of them now unless your details suggest anything different? You certainly can't produce stuff in Italy like that for a small price so is your product fully tested and won't get dropped or returned by customs leaving you item less and fund less?
4130  Economy / Speculation / Re: TA indicates a sharp drop soon on: June 10, 2020, 11:04:58 PM
It'd be interesting if it turns into a massive descending rectangle and follows the same thing twice or three times 🙄.

But yeah if we dont get a volume spike soon we'll probably continue along the same way and go back down towards $6/3k levels...
4131  Economy / Trading Discussion / Re: 💻 Ai Cryptocurrency And Bitcoin Copy-Trading Bot April 2020 Results 💻 on: June 10, 2020, 10:37:43 PM
If your first 100 slots have already been filled for this month then it's probably likely your profits on your bot will take a large hit. Unless you've tried to make the strategies slightly different for each (which would be almost impossible to do)...

255$ for a potential 2x is quite attractive, if you do a version more expensive with a lower pool of participants (limited to 10 for example) then it might be an interesting thing to look at...
4132  Bitcoin / Bitcoin Discussion / Re: CoCa Cola now Accept bitcoin on Australia and New Zealand. on: June 10, 2020, 03:22:00 AM
On the fee side I think you'd just load up your centraoay account. So if you're going to spend $30 in a month you can put that on there in advance and pay $0.03 in fees or something.

I have more issues with the qr code scanning idea, why can't they use nfc like visa contactless, surely that'd make more sense (especially if they're not using lightning)?

Id present a problem of them just offering beverages this way which might be a bit of a limited market (as opposed to offering food) but vending machines are always pretty expensive when compared with shops and sometimes cafes.
4133  Bitcoin / Bitcoin Discussion / Re: Hackers are at it again. Now attacking large corporations for more money. on: June 10, 2020, 02:36:49 AM
I know some people who have encryptions with their laptops and their ID is the key to that. It's not that easy to get into, but a simple mistake could be that entry point. Anyways, the video seems unclear with its message and inconsistent with its description.


It takes one broken screen to flash advertise something like "you've dropped your key" or "your key stopped working" or even a text for some random employee to start trying it...


Since large private corporations are still starting with their "blockchain application" in their company, it's not as robust in terms of stability and blocks comparing it to the years of Bitcoin being in existence. Faster development of those apps may be a critical turning point for large corporations to prevent possible losses.

This is the competition between open source easily patched projects and closed source, hard to navigate ones. Patches in open source active communities can take minutes to solve for critical vulnerabilities and up to a few days... For closed apps, especially widely available proprietary ones it can take a lot longer to do updates (weeks or months)..

4134  Bitcoin / Bitcoin Discussion / Re: Hackers are at it again. Now attacking large corporations for more money. on: June 10, 2020, 02:07:36 AM
This is probably also the logical move since employees (like secretaries or developers or junior cyber sec employees are probably fairly malleable in mentality and can easily accidentally download something that targets a backdoor on a smart phone). And as those devices get more complex, generally so do the number of bugs... AFAIK I think that comes more down to keystorage and multisig issues.

(also can you not hire a person to narrate your videos or narrate them yourself and pass it through a filter, the computer generated voices just don't have the same zest to them).

And a lot of public networks will have been taken down or seen less traffic since covid19 as the best to hack are generally in unsuspecting places like coffee shops and public transport (used much less or not at all in lockdowns).
4135  Economy / Speculation / Re: BTC next Movement......... on: June 10, 2020, 02:00:11 AM
The price of Bitcoin right now just made your price forecast for Bitcoin invalid. You were basically showing that there was a resistance level just above the 9,600$ level where Bitcoin "failed" when it re-tested it well now Bitcoin's price is currently 9,759$ in Preev which just shows that we aren't in any kind of downtrend as of the moment but in fact we are still consolidating in the mid to high 9,000$ level.
I think you should probably analyse it as him saying this COULD happen SOMETIME in the future, most TA aren't saying it's going to happen straight away. The CME futures gap people kept going on about took 6 months to fill a while ago for example, it doesn't exactly mean suggesting that was invalid it means that it wasn't at that particular time.

Also if you are trying to point out a head and shoulder pattern I believe that it is getting invalidated by the day since Bitcoin hasn't been below in the 9,000$ for a long time now.
I think if this looks like a head and shoulders (which was pointed out on another thread here), we're still firmly in the head part and await the next shoulder.

I hope you are just really analyzing the chart here and is not spreading FUD for the members to start panicking.

I assume that's what they're doing, some TA is helpful even if not directly in trying to get others to understand something about doing it themselves if they don't know what they're doing.

There's enough FUD in both directions though (up and down) which may partially be what's causing us to move sideways, no group atm are making a decisive claim of us going up or down atm.

I do like these threads, they're quite helpful at determining peoples' sentiment on the current market also...
4136  Alternate cryptocurrencies / Altcoin Discussion / Re: Masternode and Proof of Stake Block chain Stuck Help on: June 09, 2020, 10:01:46 PM
Will need some ideas on how to fix a stuck pos and masternode block chain. Any thoughts, ideas and fixes would be certainly appreciated. Thanks again.

If you've got the masternode open on your machine, there should be an option to take back the funds...

If it's still in the fixed amount of staked time then there's probably nothing you can do unless someone will buy your staked coins but that's a risky investment so don't expect much for them.
4137  Alternate cryptocurrencies / Altcoin Discussion / Re: Is ETH better than BTC for payment? on: June 09, 2020, 04:16:51 AM
I normally suggest ltc, it's not perfect but it has segwit and a 1mb block every 2.5 minutes.

Eth txs are definitely cheaper than btc though srull from when I last used them...
4138  Bitcoin / Wallet software / Re: Quick unlock proposal on: June 09, 2020, 03:59:36 AM
For both of you guys I think he's referring to the pllogin part of things like banks where they ask you for random characters of your memorable information before unlock.

I'm kinda for and against this idea as for my uses of bitcoin I generally batch transactions into one large one and don't send more than a few a day. Adding a fast unlock ability might stop people from doing this quite so much...

Afaik it's done in hardware when you unlock the device as you open and confirm stuff on the device from then on but then it's quite a bit more secure.
4139  Other / Politics & Society / Re: BLM protestors: British antique bronze statue toppled and tossed into harbour on: June 09, 2020, 03:36:14 AM
@suchmoon thst was the poll with only 1000 voters and 56% were in favour and 44 weren't?

Also @franky1 and suchmoon, I assume at the very least it'll probably get a blue plaque if it hasn't already and like almost everywhere in the UK, where a wealthy person was a street, square and building(s) will be named after them so all isn't exactly lost here...

4140  Bitcoin / Electrum / Re: Hex claming - Electrum error cannot sign messages with this type of address p2sh on: June 09, 2020, 02:11:03 AM
Have you still got your NMEMONIC SEED? It'll be a series of words you wrote down? I think you'll also need your 3rd public key and you'd jus take a new wallet selecting to make a multisig 2 of 3 wallet and putting your seed in there (but I haven't tried it).

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