Remember a few years ago when CZ had something like 7k coins hacked and asserted that he was going to get the chain rolled back.. hahahahaha.. that did not happen, and he got beat up publicly for making such assertions.
oh your one of them types of people, still.. i thought you were getting better then that.. seems i came too early to treat you differently than them anyways years ago other people suggested to CZ about a possible roll back. he told wider community that he had talks with others who came up with suggestions and in same video he said his priority that week was to sort his server security and custody security, finding the bug/entry,loophole the hacker used.. and plug it.. .. and within 8 hours of video he made it clear he wont be doing a rollback.. thus it was a non starter-drama of meaningless effect that should have died within the same 8 hours of speculative chatter timeline 8thmay 2019 8th: he done a AMA to explain why the maintenance event happened where someone proposed TO HIM to do a roll back https://www.pscp.tv/w/1mrGmvjpbqBJy"this morning alot of people have offered us support, and there is a few topics i will discuss in this regard" " the idea came from the community and i did not know that we could do that" "To be honest, we can actually do this probably within the next few days. But there are concerns that if we do a rollback on the bitcoin network at that scale, it may have some negative consequences, in terms of destroying the credibility for bitcoin." same day 8th Quote After speaking with various parties, including @JeremyRubin, @_prestwich, @bcmakes, @hasufl, @JihanWu and others, we decided NOT to pursue the re-org approach. Considerations being:— CZ 🔶 Binance (@cz_binance) May 8, 2019 purple words are not CZ talking about something HE came up with plus it was all a non event, no drama that extended for .. a few hours.
i dont like central exchange or luke.. yet even i can stay rational and keep to the facts.. .. wish some others would keep their biases aside my biases atleast can be found in real data and activities that actually happened |
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well your on a bitcoin forum discussing doge.. no wonder the confusion
might be the same with your other topic too.. might want to read a user guide of your doge wallet if your trying to import a doge address..
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Brother im copy pasting these 3 different sha hashes 4th one is riped hash 160, with prefix and checksum, and im using some sait that encrypt them, i just dont know anything and usually I think im smart not untill now, its 5 am, and me still trying to just put my funds in safepal, after 100th time seeing it's incorrect im getting amused... new versions of bitcoin software do not use the "importkey" command
you have to use their silly new "descriptor" features/commands
yes they totally went head to the wall headache method of just trying to import a simple privkey and turned it into some elaborate game theory you have to play with a wallet now
yep they seemingly dont want to make things easy/straightforward. they think if they can get users to need a user manual. then it shows they are smarter then their users.. rather than actually being smart and making it easier for users
whatever software you are using there is usually a guide
some software dont use the exact "import descriptor" command. so check out your softwares features/commands list
if its rip160.. your not using a private key thats the public key adding salt is not "encryption" its just messing around changing the key. thus getting an error if the checksums dont match a bitcoin private key (before seeds) starts with a 5, L or K |
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I'm curious to see how long he actually serves. As a result of his parents' high status in the legal world, the fact that bail was granted, and money was paid is telling.
I can't wait to see how the defense comes up with a strategy.
Perhaps it is more pertinent to ask the judge(s) and prosecutor whether they take things as easy as possible on SBF because of their legal and professional influence, which can shape a lawyer's future career.
The evidence seems to be supporting that there are a lot more folks who are likely deserving of indictments, including but not limited to SBF's parents... So, hopefully we are going to be seeing a few more heads rolling at some point..... @JJG SEC is investigating the spokespeople and large investors to see how much due diligence they done because some of them are fiduciaries and are suppose to protect customers.. cough o'leary cough
@mvdheuvel1983 as for time served for SBF.. lets hope that its statutory maximums to be served consecutively where he is guilty of all 8 (one after the other..) and not statutory minimums of only a couple, to be served concurrently(both at same time) |
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new versions of bitcoin software do not use the "importkey" command
you have to use their silly new "descriptor" features/commands
yes they totally went head to the wall headache method of just trying to import a simple privkey and turned it into some elaborate game theory you have to play with a wallet now
yep they seemingly dont want to make things easy/straightforward. they think if they can get users to need a user manual. then it shows they are smarter then their users.. rather than actually being smart and making it easier for users
whatever software you are using there is usually a guide
some software dont use the exact "import descriptor" command. so check out your softwares features/commands list
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Lol why so rude man, calm. Allow it, for me bitcoin is extremely new m
you posted an address that has no activity.. ... you have not explained why how you came across the address. nor why you thought it was a topic worth mentioning i can show you more empty addresses than there are grains of sand in the entire universe.. |
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...but I think I just hit on an apt nickname: Michael Spamlord
those that say nothing, but say it to the most people... usually shout the loudest micheal sayloud micheal sayless micheal saylack dont get me wrong. bitcoin(mainnet, not subnetworks phishing the brand) is strong unique and has utility. and yes there is a good lock and peg mechanism to create subnetworks with future niches..(as long as the peg on the subnetwork is just as secure) but 5 years in the waiting.. LN aint it. LN tried and stumbled many times.. it does not have a secure monetary policy so always will fail that test, nor has a secure peg(but shh they want to blame user fault) now its time to forget patience and hope. and instead innovate something new that can actually do a job. innovate both onchain.. and also create a new subnetwork without the LN flaws/bottlenecks |
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But he just expresses what he considers profitable and this is natural, but by the product he quite possibly meant the finished product meaning bitcoin, but at the same time it can also be considered a commodity because it does not have a materialized measure as simple goods.
and now you are trying to re-define the meaning of commodity.. something thats not set as a finalised product.. is called a prototype, an alpha/beta test.. before 2014 bitcoin was just a product/asset (2009-2014 property law) after 2014, before 2017 bitcoin was an asset currency, (2014-2017 currency law) after 2017 (but ratified 2022*) bitcoin is a commodity(2021 commodity law) * though some regulators still wish to debate it due to lack of any real functional end product made beneath bitcoin that is considered a finalised ready-to-market good commodities are a base thing. that is used to produce other things. its as simple as that (i personally prefer if the 2009-2014 category were to have continued, but oh well) |
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ill wait for this topics update in 2024 because ethereums value:price is at a 20x+ speculated bubble. being held up purely due to btc arbitrage** their post merge correction is yet to detonate down to the (99.5x cheaper) warning bitcoins value:price is not even a 2x. meaning bitcoins buy is still good value saylor has not bought an asset that has been above a 7x speculated bubble to date. meaning he has always locked in more store of value he is not interested in day trading the coins/value for daily profits. he is in for the long term hold. so waiting it out. means just that waiting it out. no point in looking at your pension money daily if your not old enough to retire. so speculating while young is pointless.. however knowing that the "other" pension plan you didnt go into is hyper speculating to a 20x premium which is going to correct down by atleast 5-20x. vs the one your in which is going to increase over time to higher amount.. will net him more in the long run
** ethereum pretends to be unique, having its own community.. but its 99% shadow tracing and sheep following bitcoin market wiggles because ethereum has no independent community price discovery  a unique community with a different culture would have a different economic sentiment and its own market speculated wiggles that differ vastly from bitcoins.. but ethereum has not broken away ethereum has not set its own culture/sentiment speculation.. if it did it would have corrected down from its post merge change of value. to correct down to a lower price by a factor of 20x saylor sees in bitcoins independent community of certain features and functions. though bitcoin has stalled and been waiting for 5 years for a flawed subnetwork to do "something" that was promised.. but failed multiple times.. he sees that bitcoins has many features that make it better than ethereum and once a few things are kicked back into gear. bitcoin will show its strength, which is still there hidden in the mist of "patience" .. there will be subnetworks off bitcoin that will do many functions and fill many niches.. LN is not one of them(failure). so once people actually innovate. both onchain and offchain.. then the realisations will become a reality and show themselves ... looking at things like transactions a block bitcoins demands are majority of real transaction need. where as ethereums transactions are just filler transactions done just to be done. in short.. spam |
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Second, I see a bit of a privacy dillema here with Luke trying to find the thieves. If he succeeds, despite mixers and coinjoin, it would mean that Bitcoin privacy is not good enough to protect you from adversaries.
bitcoin is private no one knows the name of the entity moving the coins thus far. no one knows the country of the entity moving the coin thus far. bitcoin is not revealing that.. the point at which privacy breaks. is the KYC of using an exchange |
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sometimes i feel these "fear" puff pieces are not where an item has/should increase in cost. but instead creates a fear that it will go up as an excuse to then artificially raise the price to set the excuse of raising the price
farmers can find ways around increased fertiliser costs. by obtaining organic slurry from a neighbouring cattle farmer. by changing their farming practice to be more efficient per plant how that plant gets its nutrients. and of course get fertiliser from elsewhere. other forms
i dont see it as a real "will kill millions via malnutrition" debate. i feel its a fake fear media puff piece
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I have to say that people are overreacting to it, it requires everyone to agree to use a chain for it to change in any capacity, meaning you could be a single person who would control 90% of it, and if people do not use any changes you want to make, then you wouldn't have it. Everyone acts as if this would be possible but it's not, centralization is not real.
Satoshi thought about everything before he left, he developed it to a point where it would be awesome to handle and wouldn't have these type of problems and that's why we have what we have. If there were any loopholes or issues then someone would have done it long time ago, and it would have been gone already.
whats said in purple was satoshis consensus mechanism 2009-2016 but in 2017 that changed and that has been admitted by devs that created the bypass.. in 2017 rules changed whereby every user was not required to upgrade to be "activation ready" by august 2017 for an activation to occur and since then users have not needed to be activation ready for other things to be slid in.. |
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please explain me why bitcoin will make another all time high
or explain some circumstances in that bitcoin's price will go more low and never or after long times later comes up
Because Markets work with the users' demand, it's simple as that, if there is a high demand for bitcoins, then the price goes up and if there's a low demand the price goes down. dont be so sure about your high school economics class based on fiat traditions fiat requires full shares to be sold (no decimals) bitcoin can actually go up in price with less demand yep imagine there were 3 people wanting bitcoin in 2023 buyer 3 $16.954 for 1btc buyer 2 $16.952 for 1btc buyer 1 $16.950 for 1btc however we can have buyer 2 $8.5 for 0.0005btc (=$17k/btc) buyer 1 $16,950 for 1btc if buyer 2 order gets hit. the price moves more with less "demand" in scenario 2 |
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some say that chaos is ordered. no its not chaos is random. let's first remember what chaos is. And the simplest definition of chaos is that it represents "the perfect disorder". It's a disorder so well organized that you can see an order inside it. Does that make any sense? So, if chaos is a perfectly ordered disorder, what is the order? It is the cause of disorder. For example, we can say that the Universe, in its continuous expansion, it's just a combination of progressive disorder. But this disorder, as it expands itself, creates new orders and each of these orders can be identified with the initial order. So even inside chaos, which is disorder in its pure form, order is created. Therefore why would it be so bad for chaos to arise? All disorders will lead to new orders, in the future... [...] chaos is not planned or foreseen or mutually agreed it has to take a step away from chaos to bring in a bit of unity to bring features and people together However, I have a different view here... There is a concept name Spontaneous order. It implies that people, by themselves, can organize themselves, even without an authority leading them to do it. Just like in the example with the overcrowded shop. From something which looks like chaos, with no visible order, a new order appears and people organize themselves, in order to be able to find their products on the sleves, pick them up, pay for them and go home. Peacefully.According to Wikipedia, Spontaneous order, also named self-organization in the hard sciences, is the spontaneous emergence of order out of seeming chaos. chaos is the lack of order.. end of things then mentioned about 'spontaneous order'.. i reply with blah.. lets actually specify things related to our community(bitcoin) things like byzantine generals fault. as the pre bitcoin 'chaos' which consensus solved(mainly 2009-2016)..(some doubt it ever existed or want to redefine its meaning post 2016) is a better understanding of cryptos' cooperative and uniting factor (well 2009-2016 anyway) by which we are seeing less of consensus unity and agreement(self govern).. and now more hierarchical representative elitism at play(core reference client of protocol rules) from 2017 onwards of a central govern system.. where by rules are just made up without a consensus (consent by survey of population) to activate the rule. where the idiots definition of consensus is to just agree to follow a governed rule made by a core roadmap group. to stay in the community. where if people disagree with this they can f**k off (no more community vote(no more self govern). just stay in the governed system or emigrate) |
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stick to actual events and not try to re-write history to pretend he must have had xyz in the past and should have used xyz I don't know what's going on in your head, but please visit an expert. again to end your silyness.. and i hope you move on from the sillyism of shouldisms outside the practicals of this specific topic you were spouting random shouldisms about things that luke didnt have. thus . saying he should have used a hardware wallet .. would only be true if time travel occured for him to have bought said device prior to september, prior to septembers exposure, prior to risking his wallet. .. he had no such device at time of events(sept-dec). his funds were not on such device. thus your shouldism is not a reality of what he had but didnt use. but what he didnt have so couldnt use. i personally have funds on legacy for my personal reasons. (none you would understand) you cant just slide in a private key into a hardware wallet or a seed. it requires SPENDING to move funds to a new wallet that is seed based. having funds on legacy doesnt help users of legacy to have shouldisms shouted at them about having keys in hardware wallets. because it requires them to SPEND the keys. meaning exposing they keys. thus.. advice is actually "WHEN spending it would have been best to not just use cores standard add change address to wallet.dat change address mechanism. as that wallet when SPENDING is exposed he COULD have set a second destination to a fresh wallet to remove exposure by the new wallet destination being airgapped do you now see the difference in advice and why my advice is more practical to the reality of occurrences and information availbe to us from luke and the locations of funds admitted by luke(this topic) .. oh and as for your shouldisms about everyone having a hardware wallet its stupid not to the hardware market is only $850m~ at an average of $85~ means only 10m devices.. there are 43,629,759 funded addresses (some single addresses represent multiple millions of people some multiple addresses represent a single person.. so not a good metric of crypto userbase yet coinbase has 60m customers. binance has 25m customers meaning adding all up all other exchanges aswell.. there are more then 100m users of crypto. so at best bet only 10% are using hardware wallet AT BEST oh and final debunk you pretend your whitty, smart, and you absolutely have top security by promoting hardware wallets or HD seeds seriously?? your 1BLACKWQ3LHpbh8GFYnarr5mpuJ7xz1v5h you advertise and want people to fund is not: hd seed originated. hardware wallet originated heck you used a vanity gen which could have been compromised. where by the only reason no one stole from you is no one wants to tip you balance received: 0 can i just ask why you dont want to advertise a HWwallet seeded segwit address/ LN channel as your tipping address? (with all your promotions it seems hypocritical to not be using the things you advertise) |
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please explain me why bitcoin will make another all time high
or explain some circumstances in that bitcoin's price will go more low and never or after long times later comes up
It will go up in price because it has to. With the block reward being halved every four years, it puts the market in a position of continued declines in supply (new coins being mined) while demand continues increasing due to adoption. There's really only two things that can happen. The price rises, or the market dies. This does bring risks that someday the price of BTC will crash in a death spiral with mining hashrate, but I don't think we're there yet. With Wall Street climbing on board, I suspect we'll have at least one more massive top before things start to fall apart. not so much there are 19mil coins in circulation.. and only 900 a day are produced looking at the volume of exchanges and reserves exchanging.. the "supply" is not key to market sentiment.. .. instead its COST of acquisition with the most economical way to obtain new bitcoin on the entire planet being $15k no one on the planet can acquire coins below $15k right now. and thats what creates the non-zero bottom support value if buyers only want to invest $875 instead of $1.65k its not that a seller has to sell 0.1btc for half price.. instead sellers only offer 0.05btc for $875 markets do not require full circulation supply on the market order line. markets dont require orders of whole bitcoin. meaning if buyers only want to pay less. sellers can also give less. sellers of the most efficient mining will flatly refuse to sell at a loss so if prices got to their low.. sellers just fizzle out as for the death spiral of hashrate bitcoin has to have a massive utility/function/bug/code break to really scare the mining community now lets imagine the hashrate is differing levels of users 260 130----------------------------- 0 imagine miners below the line are the industrial miners with long term efficient hardware bought at wholesale and on electric purchase contracts at fixed rates for 6-24 months. where they will mine no matter what. because they have contract and hardware that needs to continue running. and turning it off intermittently saves them nothing imagine above the line is the speculative hobbiests that pays electric by the month and decide certain days are too competitive thus less reward. some months the market price is too cheap thus mining is costing them more than just buying. and so those above the line jump in and out at a whim jumping out of the above line group gives more reward to the underline group meaning their cost per coin under the line gets better to be more sustainable passed the 2 year average(thus as long as there is no big break/bug in bitcoin code. they will keep mining no matter what)
the efficiencies of mining has changed from a 4cent/kw 2020 to a 6 cent/kw 2022 due to world economics. which has seen part of the bottomline value moving from $5k-$10k.. to in 2022 $15k everyone elses costs above that are random above this.. but generally speaking even in hobby miner in hawaii(highest electric) could have mined for under $75k in 2021 and under $95k in 2022-first week of '23 however most of the potential miners above the line. (estimated at 350ex of "waiting asics" are not mining and instead people are buying coin. where only a few of the hobby miners are mining above the line (average of total hash 230-260 average |
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the funny parts of "what if"
when people say what if the price did go to $89k new ATH(its atleast within the economic window of possibility)
they at the $89k dont trigger. instead they form a new "what if" of 'what it continues to go up' thus they dont sell at $89k
thus months prior.. why even be asking "what if it does go to $89k" (or any amount) if majority dont actually trigger and sell at the amount they mention months prior
same for the opposite
if you have no plan to sell for under $20k. making "what if" about prices below $20k is pointless
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The market is composed by cycles called bull and bear markets. Bull represents the prosperous cycle of rising and the bear represents the cycle of stagnation and crashes in prices. We can never be on a same cycle forever, so they are constantly following each other, like the seasons of the year.
because bitcoin is not inflationary but deflationary.. the economic terms are upside down compared to fiat economics of inflation i feel we should create new terms to define such personally(more comedy than proposal) due to everyone talking about traders being whales, shrimp. . we could use water based themes instead of land based themes such as sea levels and river flows sea levels rise. rivers go downstream where a cod stays under the sea level and a salmon wants to swim upstream |
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oh blackhat your responses dont help anyone.. you are a social drama queen poking just to be oppositional
you have been caught out before trying to re-define OG terminology (such as the pruned=full node crap you and buddies infer.. yet, pruned was not even a thing when "full node" term was used.. having an option to switch off options and peer services = not full node when options are set to not offer fullpeer services)
YOU said no one puts 200btc+ value on hotwallets.. so i responded that exchanges do.. (instant debunk)
i guess you forgot your point in the previous post, to then not realise i was correcting your point
amnesia is not an excuse to pretend your point didnt get debunked.. now just move on. dont reply just to be oppositional.. actually read the context of stuff and stop using amnesia as a reason to not know stuff
even your response to loyce was that someone should use a signing device, negating his point about people (actual events) that dont have a signing device yet and (actual events) exposed keys(actually happened) should wipe their computer or use a live CD operating system to remove said exposure(that actually happened)
stick to actual events and not try to re-write history to pretend he must have had xyz in the past and should have used xyz
sticking to what luke had. (and what he could do with what he had), then sets the conversation of this topic about what happened and how he in this topics specific situation could have mitigated it with what he actually had/admits/reveals to have had.
not shouldisms of what he should have bought created via needing different equipment devices and a time machine .. to then have your particular list of devices HE DIDNT HAVE at the event
oh
and you think there are no people out their with a platinum/black debit card.. pfft
and you think there are no people out their with a platinum/black debit card who arnt also billionaires.. pfft
anyone could shout out any shouldism they like. but a rational person. sticks to the realms/scope of realism of what was actually available in the victims hands at the time of the event
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bitcoin is feeling the pressure to stay below $17k for one reason
many "futures/options/leverage" traders done "contracts"(bets) on bitcoin to be at or below $17k when their contracts expire. and so they are putting alot of their other investment pots of cash into public spot markets to "whale-wall" the price from exceeding $17k so that they do not lose when their contracts expire
sooner or later once contracts expire and new contracts of "below $17k" are not put. then the walls will disappear and speculation will raise the spot market
looking at real economic fundementals
bitcoins spot market was only ever going to swing between $10k-$75k in 2021
there is reason why buyers fizzled out at $70k in 2021
there is reason why sellers fizzled out at $15k in 2022
its because there were ways to acquire bitcoin independently from the market that made buyers see that the premium of spot was getting to be too much compared to other bitcoin acquisition methods(mining)
in short if bitcoin mining was at a most efficient low cost mining operation of $10k in 2021 then no one would want to sell below that because no one could make btc for less. which created a low level value support line. everyone had costs above this amount and so speculation kept prices above that line
in short if bitcoin mining was at a most in-efficient high cost mining operation of $75k in 2021 then no one would want to buy bitcoin above that because no everyone could make btc for less, even hobby minors in remote locations like hawaii. which created a top resistance premium line. everyone had mining costs below this amount and so speculation kept prices below that line
2022 was a $15k-$90k economic window
and so far first week for 2023 is the same rough amount
we may see this window rise allowing for speculation to possibly see an ATH but so far the max position of a potential ATH is less than $100k
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