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441  Bitcoin / Development & Technical Discussion / Re: BitCrack - A tool for brute-forcing private keys on: April 19, 2021, 03:01:58 AM
We already incurred a speed penalty just to make it work for RTX cards and the last thing everyone needs is a even slower program just to get it to run on Linux.

Then you are doing something wrong.
My first RTX 3060 card has arrived and I will make a fix in bitcrack sp-mod #6 (windows) with fullspeed wine support.
spminer #2 for vertcoin has already been released with rtx 3060 support. Mine fullspeed on x1 riser cables and latest drivers without NVIDIA blocking you.  Grin

Any updates?

??

My RTX-3070's are doing over 2,000M/sec for cracking btc private keys and matching known valuable addresses using bloom filters. Same algo's on Gtx-1060 is about 200MB/sec

On a rack of 4 RTx-3070's, I'm seeing 10,000M/sec, using 32gb bloom filter with from 300M addresses (H160), my false positive is 10^-30

I only use linux

The main thing is to put the bloom-filter inside of bitcrack, so your not just looking for one public-key, and/or address, but your testing all 300M in parallel on every cycle ( here 10,000M/sec ), so the probablity of a hit in the secp256k1 space 2^256, or 10^76 is reasonable

Keep the bloom filter on its own M.2 drive on MOBO, have 4tb sata for hex-files, and private key database ( you need to be able to map your found hex160 )

I have two racks one using gtx-1060's the other Rtx-3070's, which I picked up last summer for $500/each, now they're +$1,000 if you can find them. CPU needs 64GB, I'm running amd threadripper with 32 core, this is not a game for windows.

Real problem here is setting up the bloom-filter, orginal model in brainflayer was 512MB, which only allows about 15M addresses, before false-positive goes astro. Solution is to cascade 4gb junks in series, as most shared memory models only allow 4gb chunks, 3 years ago using open-gl I had the bloom filters on the GPU ( gtx-1070 ), but you can only have 2gb chunks, and its actually faster to do blocks of 2048 private-keys, and then have each gpu core pass them back to threads all running cpu cores on the shared bloom-filter. With 300M valid btc  addresses, you really need a 32gb bloom filter. None of this stuff is online, you must roll your own.



that is a goog question. is it possible to speed that up, comparing two list with millions of lines?

If you sort the file and use binary search to look for each item in your list then your runtime becomes O(log2(n)) for each  for each entry and so you're going to have a maximum of O(NumberOfAddresses*log2(n)) as your worst case runtime. It's really not slow, that's about 30 units of time to search for an address in a list with 1,000,000,000 lines in it.

Actually fitting all that into memory is going to be a problem though. There are some algorithms I read in a Knuth book about on-disk sorting but they're very old and I think they may have to be adapted for hard disks instead of tapes.

You can't search for a h160 address in a 300gb file, you must map the file to binary. Then the file will be 10gb, and it just takes a second to yes/no whether that h160 is in the list of 300M addresses.

Early brainflay github had a tool called 'binchk' using xed ( linux ) you convert the 300gb file to uniq-hex, and get the .bin file, use binchk

Brainflayer needed to use this because the 512mb bloom-filter they use, only allowed about 10M addresses before false-positive went astro, with the binchk you can take the false positives and very if any of them are real postive.

The bloom-filter is super fast, can work on GPU, but the false-positive is high.

No point in using binary search on text, just use the model described.

Today when I scrape the blockchain, I get about 300M addresses, but after you do the "sort -u", it will be slightly less, but you also need to run a client on the memory pool, to constantly add the new addresses to the bloom-filter.

If you comparing lists with 300M lines of hex, and/or search its much better to use bloom-filters and binary search combined, drops the 2+ hour search to seconds.

[moderator's note: consecutive posts merged]
442  Bitcoin / Bitcoin Technical Support / Can Bitcoin be hacked? Has it ever been hacked? on: April 19, 2021, 02:48:14 AM
Is it true that people can get private keys from public keys?

That people can randomly generate privates keys and match the generated addresses to valuable addresses? Is any of this true?
443  Bitcoin / Bitcoin Discussion / Re: bitcoin problems that need to be solved on: April 19, 2021, 02:46:13 AM


Not anymore though - my 1 BTC is not equal to your 1 BTC anymore if mine comes from a mixer and yours comes from an exchange. My coins are now considered by most exchanges as tainted. What if your government considers them to be tainted as well, but kept quiet so far?

P2P exchanges like Bisq falls into the same category Monero does. It pretty much anonymizes your trading activity as much as it can. This is why the "XMR is bad" argument falls short imo.. if mixers and Bisq are suggestions, then the way XMR works is automatically a solution and not a problem.


That's why say virgin blocks mined in China, have more value than btc that's been tumbled online, virgin addresses never used private-keys are more valuable.

BTC != BTC

Some animals are more equal than others.

Almost all of BTC is a myth, big lies, private, cheap, fast,safe, un-hackable ... blah-blah all lies

The problem here is the exchanges, so all 'mixed' coins are now tainted and un-usable; The solution here is to use lots of different exchanges worldwide, and find one that will except your tainted btc's, but I'm assuming most likely that if your btc comes from exchange 'russia', that coinbase will also call that tainted.

People like to deny problems, but the problem is the exchanges, and they're all being policed.

Who gets to buy the virgin blocks mined in China? The mafia that's who, then the little people get stuck with the tainted change

The founders of this scam love this cuz the more of BTC that goes out of circulation the more the price rises.

Another problem is depositing, I noticed the other day that transferwise will not send your money to bitstamp, I mean hell, its your money. So not only do the exchanges not accept your btc, but 'banks' will not let you buy clean btc from exchanges, so what's a mother to do?

Then you end up on 'localbitcoins', send cash by transfer and/or cash to 'someone', and you don't have clue whether the btc you just bought is clean or dirty.

It's just like fiat, said that 99% of all USD bills have cocaine traces, most money is dirty, most btc in time will be dirty. Lot's of people use coinjoin ( modern replacement for banned mixing ), to combine change, but if the exchanges flag an address that's every been mixed then your btc is rejected, so then you go back to localbitcoins, and find a guy who pay's you 50% on the BTC, the new may or not be clean.

So there becomes three levels of BTC

1.) virgin mined, never touch, 60% owned by chinese billionaires and sold to their mob friends
2.) common btc, that's never been mixed
3.) dirty btc, that is refused by KYC exchanges

So 1 gets you 200% , 2 get you declared price, and 3 gets you 50% haircut if your lucky, hell even FIAT (USD) is better than this
444  Bitcoin / Development & Technical Discussion / Re: Mass Private Key to Bitcoin Address Converter on: April 19, 2021, 02:26:29 AM
I search a Mass Private Key to Bitcoin Address Converter.

There is a tool called 'KU' in the pycoin python library, it gets installed in your bin when you install the lib

Here using private-key '1' as an example

DOS-Prompt: "ku 1"

input                        : 1
network                      : Bitcoin mainnet
symbol                       : BTC
secret exponent              : 1
 hex                         : 1
wif                          : KwDiBf89QgGbjEhKnhXJuH7LrciVrZi3qYjgd9M7rFU73sVHnoWn
 uncompressed                : 5HpHagT65TZzG1PH3CSu63k8DbpvD8s5ip4nEB3kEsreAnchuDf
public pair x                : 55066263022277343669578718895168534326250603453777594175500187360389116729240
public pair y                : 32670510020758816978083085130507043184471273380659243275938904335757337482424
 x as hex                    : 79be667ef9dcbbac55a06295ce870b07029bfcdb2dce28d959f2815b16f81798
 y as hex                    : 483ada7726a3c4655da4fbfc0e1108a8fd17b448a68554199c47d08ffb10d4b8
y parity                     : even
key pair as sec              : 0279be667ef9dcbbac55a06295ce870b07029bfcdb2dce28d959f2815b16f81798
 uncompressed                : 0479be667ef9dcbbac55a06295ce870b07029bfcdb2dce28d959f2815b16f81798\
                                 483ada7726a3c4655da4fbfc0e1108a8fd17b448a68554199c47d08ffb10d4b8
hash160                      : 751e76e8199196d454941c45d1b3a323f1433bd6
 uncompressed                : 91b24bf9f5288532960ac687abb035127b1d28a5
Bitcoin address              : 1BgGZ9tcN4rm9KBzDn7KprQz87SZ26SAMH
Bitcoin address uncompressed : 1EHNa6Q4Jz2uvNExL497mE43ikXhwF6kZm
Bitcoin segwit address       : bc1qw508d6qejxtdg4y5r3zarvary0c5xw7kv8f3t4
p2sh segwit                  : 3JvL6Ymt8MVWiCNHC7oWU6nLeHNJKLZGLN
 corresponding p2sh script   : 0014751e76e8199196d454941c45d1b3a323f1433bd6

Note that you get all this info, you pick what you want, 'bitcoin address' is there, then use awk/sed to strip which line/data u want, write a batch file to convert all your private keys to addresses, if you want fast, then study 'ku' source, and write your own python script

Most people use the h160 format as it requires the least storage, and is easy to map to any address format.

If you have say 100M private keys, then you want to use h160, and you'll need 4TB disk-storage on your desktop.

Study the output of KU, learn what all this stuff is, the source can show you which call's in python do the transformation of format
445  Bitcoin / Bitcoin Discussion / Re: Government Controls Crypto? on: April 19, 2021, 02:11:47 AM
Yes, for decentralization system, government can't able to control bitcoin. A user is free to use bitcoin as own way. But for betterment of economical condition, some government are not adopting bitcoin still now.
the government can only make rules related to regulations, there are restrictions and prohibitions, because most governments still consider bitcoin and cryptocurrency in general to be misused for criminal acts. but we all know that bitcoin is completely decentralized, there are still many ways to do "unnoticed" activities. Don't worry too much, the cryptocurrency ecosystem is very broad, small restrictions can't lock up everything, take full advantage of the opportunity and fully understand the rules so you can play "safe"

USA is not even in the game.

Hong-Kong & Thailand ( 2019 ) have already signed off CBDC, cross border digital currency; China has already released theirs. China has already essentially removed 'cash' from day to day transactions one by the public.  Even Africa some 10+ years ago, most transactions were done using mobile-phone 'credit'. Everybody from Asia-2-Africa now has a smart-phone, as they cost about $3.

USA is a one trick pony, and they're tied to the FIAT aka US-Dollar, and will go down defending it.

Will the USA ban, or criminalize BTC to USA citizens living in the former penal colony called USA?? Hell yes, or make it so hard to use that its painful? Yes, but so what look at USA today SF has feces in the streets, Portland is a sewer as well, none of these problems exist in ASIA, even India now looks cleaner than most USA citys.

So all of Asia will start doing all trade in CBDC's, and fairly soon the USD will not even be in the equation. Russia, China, & Iran are pushing the hardest to de-dollarize the world.

BTC if it survives can&will be a store of value, but with 21M btc clones all saying their the one, this show is not unlike the matrix.

All the USA has to do is tell the banks to quit funding the exchanges, and overnight the exchanges have no fiat. But the USA solution is to always have a crisis, and then a solution, so most likely say China pulls the plug on the BTC-miners ( +60% ) of world 'mining', BTC transactions come to a halt, and fee's go to $100 to transfer $1. Even in the USA they could pull the plug on mining, utilities know who the users are, all meters are now tracked from home office. They could just set a tariff schedule say 100X for miners cost of electricity, to fund green. Lot's of things could bring BTC to its knees.

In all of Asia, most of the people are in sync, if the GOV says "Do this", everybody does that for the good of the collective; If the Asian Gov's say use CBDC's, the people will use them, just like they now do in China, where alipay has been essentially transferred from Jack Ma to the CCP. This is the model for 90% of the earth, what difference does it make for the USA? Deagle Report says that by 2025 the USA population to be reduced by +80%, most of the people in the USA playing BTC will not even be in the USA by 2025, unless they flee prior.
446  Bitcoin / Bitcoin Discussion / Re: Government Controls Crypto? on: April 18, 2021, 04:11:01 PM
Ok so there are people who say that crypto is decentralized and cannot be controlled by the government. How can this be true when the government can shut down the companies or networks where you are able to buy, sell, or send crypto? What do you guys think? Do you all think that crypto is truly decentralized and cannot be controlled by the government or can they? Maybe not directly but indirectly controlled?

Crypto BITCOIN is 100% owned by the GOV, so they ask does GOV own Crypto? Perhaps they should ask who owns the GOV?

Let's see NSA created sha256 and secp256k1 which is 90% of bitcoin, the blockchain ( linked-list ) had been around 50+ years.

Coinbase is the arm of the IRS

You can't open an exchange without KYC GOV approval, the exchange is ingress/egress of all crypto, the only way to have privacy is to solo-mine, and HODL with no intention of ever selling or perhaps going back to the old-school of selling btc at the public parks for cash.

Everything about BTC is GOV

All the story's about BTC I should say promises have turned out to be lies, cheap, fast, anonymous

The only thing certain about btc is that it has becomes a fools lotto where the same people who would normally bet pocket money are now trading cryptos online, where the fee's and transaction costs eat up any profit, even if you correctly predict a 50% gain, the house takes a 50% cut when you add in fiat conversion, and fee's on all sides of the transactions, the only people making real money are those who own the exchanges, which goes back to #1 coinbase, a front for the IRS.

LOTTO is a tax on stupid people, cryptos are a tax on fools. Sure if you were an early miner, and held you made some easy money, but how many well sell before the ponzi flushes out? I suspect that most will lose,

Most likely like today loss blamed on GOV fraud investigation, one day all the exchanges will say "Sorry, all your profits have evaporated", what difference would it make to HODL, what's the real price at a public park for cash? Once all the infrastructure is pulled because its no longer profitable, what will price-discovery be? Just fools trying to hookup with greater fools.

We even know why the IMF released the original white paper in 1997, way before Satoshi's paper, the IMF was clear about diverting excess money away from Gold, and 2021 shows they have succeeded.

The only wild-card about bitcoin, is that the Chinese came to be the owners of 'mining' and ergo given that they control 67%, which is way over 51% consensus then China ended up controlling bitcoin, even though the US gov created it, IMHO I think this was the plan, sort of a trojan horse, China adopts NSA-CIA funny money, USA holds the back-door keys.

So now we move towards a one world-gov post COVID, and everything that Rockefeller hoped  for in the early 1990's has came true.

GOV controls Crypto? Does anybody really think that the geek game-boyz in mom's basement controls crypto?
447  Economy / Speculation / Re: We entered a bear market earlier than expected on: April 18, 2021, 03:47:02 PM
Lol, a newbie predicting that we are in a bear market, Last January and February we saw bitcoin lost 23%-26%, so even if we go to 30%, which I don't see happening, could really be just a dip.

As you have said this crypto is unpredictable and yet you are saying that we are in a bear market. You totally contradict yourself.

Lol, he doesn't even know what a bear market means. According to Investopedia: "A bear market is when a market experiences prolonged price declines."

If we keep like this for a while we can start saying that we are in a bear market but not now.


A bear market is a sustained 20% decline. Fact.

Lot's of big players got involved in the last few months BTC went parabolic, bound to be that same big players would take their profits, as this is what big players do. Only fools HODL

Personally I agree that if you mine, then HODL, keep it forever; but if your paying real cash for btc, then by all means take your profit while you can.

I have never sold crypto, for the simple fact that I don't want the 'record', and the same goes for buying. But there are clearly tons of people trading crypto on trading-exchanges, and of course we are well aware that some +80% lose their money 100% in a few months, on average, so for those people sure by all means HODL

Long term for BTC is clearly zero in terms of value, as certainly in the coming years btc will be 100% hacked; The 'ownership' never really goes away, just trades hands; losers & winners, and people who staked with real cash will be losers, those that switch from mining to 'searching for lost coin' will be the new HODL'ers until somebody else 'finds' their coin; Certainly only a child would continue this game, or repeat in the case definition of insanity.

When the majority get burned, and find their btc gone, e.g. zero on their account, eventually the word will get out, that yes you might know some 'magic numbers', but it can never be converted into FIAT, or gold for that matter. So what would be the point of continuing to play with magic numbers?

Somebody will come out with a alt ( feces-coin ) that is a bit-coin killer, I would suspect 2^1024 bit strength EC, and sha1024 hashing, whether they can map the old-school btc to the new super-secure btc is anyones guess, I think that btc-core will die of its current death, one of the clones will continue to improve; Eventually the coin that doesn't get hacked is the real winner.

Probably the only real advice today is "take your profit", and if you believe in crypto, then diversify, nobody knows which will be top in the future, and it certainly will not be  btc, it was first, but like Lotus-123 first, doesn't mean anything 10+ years in the future.

BTC has lots of problems, speed, transaction rate, fee-rates, easy to hack; Some clever group will get it together, and market it correctly, and create btc 2.0 who that be is anybodys guess, but wealth makes people soft, my personal bias is that neither BTC or ETH will be at the in 5+ years.

The founding fathers of Core&Ether are simply going to get fat&lazy, some young hungry people will address the short-comings of btc, and one morning the elders will wake up and btc will be worth nothing, which is another reason clever people take their profits while they can.
448  Bitcoin / Bitcoin Discussion / Re: An unconfirmed tweet caused a $288 billion fall in bitcoin market value today on: April 18, 2021, 12:59:35 PM
An unconfirmed report from the US Treasury Department that several financial institutions laundered money with cryptocurrencies caused prices to fall in the cryptocurrencies market.
According to U.Today, bitcoins hit $ 51,000, and altcoins suffered even more severe losses.
The title that apparently caused the crash was posted by a mysterious Twitter account called FXHedge.
The tweet cut $288 billion in cryptocurrencies market volume within 54 minutes of publication. At the time of writing, the tweet has received more than 4,700 likes, despite citing an anonymous source and disabling comments.
Jake Chervinsky, general counsel at Compound Finance, wrote that he does not consider the tweet valid because the money laundering cases are under the jurisdiction of the US Department of Justice. He added that the simultaneous accusation of several financial institutions was "unusual".

* It should be noted that FXHedge has a history of false claims before.

Source: https://u.today/this-tweet-just-erased-288-billion-from-crypto-market-cap?amp

The tweet: https://twitter.com/Fxhedgers/status/1383611847144730626

Sheesh it was only three years ago that BTC dropped from $20k to $6k in a few days, I remember well this site was in denial the first 1/2, to $10k, then to $5k

Now today we see an 8% decline and people are panicking

This is all normal, I'm rather sure we'll see a reversion to $20k in the coming days, and why not? You all know that Musk bought billions, ... you really think all those billionaires are going to see their paper profits evaporate, the little guys the HODL'rs are the bag holders.

The Musk people bought BTC on the rise, the profits cover their losses just like DeLorean bought cocaine years ago to cover his car biz. All these corporations now must sell before their paper-btc profit becomes a loss.

Hodl on, because we would all hate to see Musk go bankrupt.

Then we all know that the price will find bottom and climb again.

Look lots of alt's are down -25% today, so BTC looks really good.

USA stimmy checks are rather not coming anymore, so where is all this new money going to come from??

I find this arg funny, lots of people are saying that FXhedge has an excellent track record, and for that matter all GOV has to deny the leak. The announcement is a great cover for insiders. Having gone public, it covers gov insiders so they can sell prior to the 'confirmed'. As to the story, there is always at any given time GOV investigations into BTC, so this tweet was true yesterday, today, and tomorrow.

The fall just shows how perishable that BTC really is, its really a house of cards, that can be blown down by the slightest worry by the chattering classes.

BTC has gone parabolic in the last six months, so profits had to be taken, nothing that goes parabolic ever stays in the clouds very long. Nothing.

Other than stimmy checks there is no reason for DOGE to be up 300%, the entire crypto space has gone insane, not just BTC.

But this is all just like 3 years ago, the first response to a BTC collapse is always denial
449  Bitcoin / Development & Technical Discussion / Re: The consensus dead end. on: April 18, 2021, 12:20:37 PM
Since 2009, some consensus rules have been added, for example SegWit. It surely does good, it's a solution for the block size limit, but I want to know how did that occur. In wikipedia it says that SegWit was activated on block 477120, but who begun that? Changes on consensus rules, as good as they are, are changes. If the majority of its users, change a consensus rule, they immediately stop being the majority. The follow their "Bitcoin".

The forum itself says on a quote that miners don't vote on changing consensus rules, only the order of the transactions. Seeing a change like that makes me wonder what else can the developers change. Should they have an impact on bitcoin? Whether if it's for good reason or not.

How did miners accept that change? They were not forced to update their bitcoin client.

-But why did you enter that title?
Well, I'm a little afraid of bitcoin's future and thus, my funds'. On the long term, one of these may occur:
  • Public key to private key reversal. (I've heard that it may be possible to do that with quantum computing and pollards kangaroo method)
  • Finding collisions for RIPEMD-160 hashes. Are we sure that 2160 is strong enough? What if it becomes weak in the next 20-30 years?

Even if the first one can be faced pretty easily by simply creating outputs on addresses that have never spent, the second one requires consensus change. I don't know what they can change in that case, probably use of stronger cryptography, but they will have to change something! Otherwise, bitcoin will be useless. Changing a consensus rule, that important, would sour lots of people. And that's because that moment, the developers would have to "touch" people's money. It'd be a consensus dead end.

Model T, Model A are long gone, now you have Tesla.

BTC is the Model A of crypto.

In the next few years secp256k1 will be cracked, and BTC either move from sha256 to sha1024, or it becomes a training wheel tool for kindergarten crypto

In the next few years, many crypto's will step forward to replace BTC, with larger ECDLP fields, quantum-computers are way off, but 2^256 will be cracked soon with off the shelf hw.

IMHO forever given sha256 and secp256k1 are both NSA, they just wanted to know how long before they're were cracked, of course NSA could crack this stuff all along.

Most corporations and NSA look out 15+ years past what the public see's, always been this way. I remember when the FFT was top secret in big-oil, and was in use in 1950's, but not published until 1960's.

BTC is training wheels for people to learn crypto, when the CIA-NSA is ready to deploy USA-Crypto, you can be sure it will be rock hard, unless they want to back door you.

Quantum Computing is still largely BS, sure kangaroo also seems to be the best to date, its still essentially too slow, a better approach is endomorphisms and there are 1,000's for the secp256k1 field
450  Bitcoin / Bitcoin Discussion / Re: China's plan to sideline bitcoin on: December 17, 2018, 10:44:04 AM
China owns +95% of all crypto's on earth, so they don't care which one wins, they own them all, this is called a fully covered bet, they cannot lose.

bitcoin will fall below ripple in cap in 2019, the writing is on the wall, just like lotus-123, being first doesn't make you a winner forever, just once at the beginning
451  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs. Gold, Fiat and Altcoins (Updated: Traits of Money) on: December 17, 2018, 10:38:59 AM
I guess people do look at certain cryptos, that are in fact completely centralised and probably no different or perhaps even worse than holding fiat currency, and confuse them with bitcoin, which is probably the most decentralised and most practical cryptocurrency at this stage.

A lot of these cryptos, including state issued ones, don't offer the 'traits of money' that are listed here for bitcoin at all. If the supply or issuance of a token is centralised, or a single party holds ultimate control over a certain project, it's really no good as currency at all.

It should be quite obvious to any even marginally experienced bitcoin user to realise the benefits of bitcoin, at this stage, compared to fiat currencies though. Its irreversibility, its decentralisation, and the fact that it exists natively to the virtual world all mean that it is a great form of money, or at least a very convenient long term store of value.

Long term store of value,

Yesterday $20k (fiat), tomorrow $100 USD (Fiat), so I lose say 99% of my wealth by holding BTC for 1-2 years, and with a straight face you call that a 'long term store of value'Huh Seriously are you bat shit crazy? Or do you think its "coming back"? NOT
452  Bitcoin / Bitcoin Discussion / Re: Comparing USD to BTC: Should BTC hire mercenarys to force adoption by murder? on: December 17, 2018, 10:35:01 AM
Really, Mercenaries for what? Do you think Holders should bomb a country if it isn't ready to accept Bitcoin? ...Senseless... We have enough wars and conflicts worldwide, we don't need and don't want an army to do whatever you are proposing.  And I am not looking to be part of a BTC community that needs to spread the fear and terrorism to promote BTC

BTC can never 'beat' the dollar unless they beat the system that backs the US Dollar "Murder, Inc".

US Dollar is back by Death

If BTC wants to be adopted and seriously used, then drugs, oil, slaves, all black market stuff must be traded in BTC, just like the CIA enforces US Dollar hegemony.

If your not willing to "DIE for Bitcoin", then you are not worth of the crypto cause.
453  Bitcoin / Bitcoin Discussion / Re: The Chinese government could've created Bitcoin on: December 17, 2018, 10:31:17 AM
Anyone could have created bitcoin. An organization could have created it, a single person could have created it, no one knows.

You mentioned that there was an incentive for China to create bitcoin in order to replace or at least compete with the US dollar, but this is just completely false. Firstly, BTC would also be competing against their own fiat currency (the Yuan), so it makes no sense for them to create a decentralized alternative to replace potentially their own legal tender currency. Secondly, China still holds a ton of US dollars, and making it worthless makes no sense. Thirdly, it's just impractical to expect BTC to replace USD completely any time soon. And lastly, China has shown a tendency to be quite restrictive to bitcoin. Why would they do that if they created it?

It's complete, baseless speculation in my opinion. There is virtually no chance that what you argue is true. It could have been the case, but it's most likely not.

SHA256 is NSA, ECDSA-secp256k1 is NSA , the odds of 'satoshi' putting in 100% NSA tools in his baby is zERO. Even most experts in crypto ( scientists ), are unaware that NSA created secp256k1 the prime-factor used by btc.

Mainly this was done, because NSA doens't do anything w/o a backdoor, but lucky for all of us, there are alt's that don't use NSA algo's, so the future is NOT btc.
454  Bitcoin / Bitcoin Discussion / Re: The Chinese government could've created Bitcoin on: December 17, 2018, 10:28:53 AM
It seems too legendary to be true. One Asian guy had enough foresight and technical capabilities to create the world's potential future universal currency?

Whoever created it had reason to replace with the dollar, as the dollar can almost be considered the world's universal fiat currency. My friend who works in Odessa works for a company who pays employees in dollars. Go to Africa and many countries will accept dollars. You cannot do this with Yuan, for example.

Whenever anyone pays in dollars they go through American banks, so America controls the flow of currency.

This is why the EU was created, to be able to compete with the dollar, as each individual country has a negligible GDP, except for maybe Germany.

If you want to rule the world, you create the next dollar, you create the most powerful currency.

Who else would have the motivation to play such a big role in the geopolitical game? China has good reason to democratize the financial playing field and will become the world's leader if the dollar becomes obsolete.

One man cannot create such a thing.

BITCOIN came of the NSA, but BITMAIN(JACK-MA)/Alibaba richest guy in China saw to it to ADOPT, and today Ma is not only Chinese Communist Party bigwig, and richest man in China, but he also OWNS the entire crypto universe, BTC & all alts that matter.

It doesn't matter if NSA has the backdoor to btc or not at this stage, china has all the crypto keys in their pocket.

Long before NSA created BTC, the BIS wrote the spec (1997), BIS works with china, most likely how this played out is that China&BIS are working that china be the next reserve-currency, but they want an option of fiat or crypto, just like INTEL, its best to own it all, not knowing which will win, but if you own all the fighters in a fight, all the cars in a race, then its always win-win.
455  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs. Gold, Fiat and Altcoins (Updated: Traits of Money) on: December 17, 2018, 05:05:22 AM
GOLD, GLORY, or GIRLS this is what men have fought for +10k years of human civilization


What is BITCOIN backed by ? Bullshit

WHat is GOLD backed by? If you don't hold it, you don't own it

What is USD backed by? Murder, Murder-Inc is the US-GOV since 1776, imperial mercenary army orchestrated by city-of-london, to colonize the world by MURDER.

How can BTC dislodge the USD? Murder, live by the gun, die by the gun.

Don't wish for things unless you understand the ramifications.

The USA has defaults 3 times since 1776, and the currency has been reset 1/2 a dozen times, but the USA stands for +200 years because of their willingness to murder everybody on earth.

The USA is a corporation, fully owned by bankers in the city-of-london.

When you see London taking over BTC, then you might see BTC be declared a winner, for now BTC is largely a CHINESE play-thing, a toy. That let's chinese rob hairlips, like taking candy from a baby.
456  Bitcoin / Bitcoin Discussion / Re: Comparing USD to BTC: Should BTC hire mercenarys to force adoption by murder? on: December 17, 2018, 04:58:37 AM
We're looking for a few GOOD HODL'ers,

I suggest 'btc-brown shirts' on USA streets door2door, kicking in doors and demanding people to show their BTC transactions as proof of adoption.
457  Bitcoin / Bitcoin Discussion / Comparing USD to BTC: Should BTC hire mercenarys to force adoption by murder? on: December 17, 2018, 02:30:33 AM
FIAT USD is backed by murder, if columbia doesn't sell its cocaine in USD, then the CIA goes in and changes cartel heads,

If Aghan poppy growers don't sell raw opium to european herion dealers in USDollars then USA stages a coup in Afghanistan, and replaces Taleban with CIA growers, who sell in US Dollars.

If Gadaffi plans to have a gold-based currency and threatens to sell Libyan oil in other than USD currency, you destroy the country.

If Iraq talks about selling its oil in Euro's, you bomb the country back to the stone age, and replace its government with a loyal USA lap-dogs

If saudi doesn't sell its oil to the world in USD, then CIA goes into Saudi and finds a new family to run the concession

At this point in time, BTC has no mercenary army to threaten death upon the world for failure to adopt.

Do the people  here really want BTC to be back by murder, like the US Dollar?

What you say HODL'ers are you willing to fight for bitcoin, are you willing to make BTC great again?

Do you want to be the first HODL'er on your street to come home in a box from a foriegn war for BTC?

It's up to you, if BTC wants to dislodge the almighty dollar, then it must be by brute force.
458  Economy / Speculation / Re: The real reason BTC price has dropped on: December 17, 2018, 02:28:36 AM
Government:   Give me $1000 in gold and I'll give you a piece of paper to represent it.

100 years later, that piece of paper buys 1/100th of what it originally did.


1's and 0's also provide immensely better security and portability than paper.

Hence, bitcoin.


Why is the price down?

Because it got too high for the current level of adoption and understanding.
That doesnt mean it has no value or will never go up again.

FIAT USD is backed by murder, if columbia doesn't sell its cocaine in USD, then the CIA goes in and changes cartel heads,

If saudi doesn't sell its oil to the world in USD, then CIA goes into Saudi and finds a new family to run the concession

At this point in time, BTC has no mercenary army to threaten death upon the world for failure to adopt.
459  Bitcoin / Bitcoin Discussion / China OWNS BTC, Do they OWN the Community? and Promotion as Well? on: December 17, 2018, 02:22:27 AM
Jack Ma is now high-tech admin of china communist party, jack ma owns +90% of all crypto mining, & pools on earth, richest man in China, and now head of tech for CCP.

So what's the point of this OP? To distract? To suggest that they don't already own 100% of the crypto-universe?

The CCP already owns BTC, and has owned it 5+ years past. The CCP owns all alt-crypto mining hw & pools as well, the chinese cannot lose this game.

It's clear that BIS has designated China as NWO post USD collapse.

All crypto is owned by CHINA, not just BTC bitmain also produces mining asic boxes for all the top 50 cap crypto's, including zcash, you name it, and bitmain can make a asic box to mine it,

Jack Ma owns all the major mining pools, all the hardware, richest man in China, and now leader of Chinese Communist Party.

Jack Ma indirectly owns this board/forum, thus he directs the crypto mania

Funny thing is that all the profits from Bitmain were plowed into ML, and now MA makes his real money from facial recognition boxes that are installed by the millions in CHINA.

Jack Ma owns Alibaba, that bigger than AMAZON, and MA can pay his people &  pay suppliers in 'cryto' that costs him nothing, and he owns it all, not a bad racket.

Where is the USA in all this no-where.

NSA may have created BTC, but CHINA leads the horse.

...

What's the point here? Don't fool yourself with the 51% bullshit, cuz since 2013 CHINA has owned crypto, all of it, even the shit.
460  Bitcoin / Bitcoin Discussion / Re: Real "Miners" shutdown the Mine, Unless they can make a profit on: December 17, 2018, 02:14:53 AM
Now today you 'mine' with an S-9 bitmain miner and you lose more than $2/day,

Who said you have to sell it all today? Today you mine at a loss but Bitcoin and all cryptocurrencies are well below their average price. If something loses 90% of its value in one year it's referred to as oversold or sold in panic, which means the price doesn't represent its real value. What it represents is the current market sentiment.
Mining may be profitable if you have enough money to keep the process going until the market sentiment changes.

Mining, REAL MINING, looks at mining for gold, selling that gold to pay the payroll and equipment costs, and gov taxes, nobody who mines keeps the gold, its quickly sold. If the current price of gold doesn't cover cost you don't mine.

This is why calling BTC hamster running 'mining' is just plain dumb, because here miners are told to HODL, and in real world, miners sell the shit as quick as they can, so they can keep the lights on in the tunnels so they can keep mining.

In BTC world everybody is RICH moron, and electricity & hw are free, ... and you HODL, this is virtual bullshit, but idiots refuse to deal with reality.
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