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4461  Bitcoin / Development & Technical Discussion / Re: Search Module Javscript for Wallet on: April 26, 2020, 04:01:37 PM
https://github.com/bitcoinjs/bitcoinjs-lib

Afaik this is the biggest and most maintained Bitcoin library for Javascript, and I saw it used in the wild many times. I even briefly used it myself for a small personal project, and found it pretty simple to use. They also give some important warning in their readme about using Bitcoin with Javascript, so definitely check that out.
4462  Bitcoin / Bitcoin Discussion / Re: this is why the world needs bitcoin on: April 26, 2020, 03:04:29 AM
My experience with banks so far is a lot better, my bank doesn't have any sort of account maintenance fees, transactions within the same bank or with other banks of my country are nearly instant, online shopping with foreign companies is also instant, I never encountered any errors/bugs/etc. One time they asked me to update my documents, I ignored them for 3 months and they still didn't close my account.

This is not to say that banks > Bitcoin, just want to point out that it can be very different from bank to bank and from country to country.
4463  Economy / Economics / Re: Machine Learning (Keras LSTM and K-Clustering) to predict Bitcon Price on: April 26, 2020, 02:18:07 AM
50%+ accuracy might not do it. You can have a model with 30% accuracy, but which doesn't miss the big spikes and drops in the price or a model with 70% accuracy that misses the spikes and drops. In this case, you might find that the 30% accuracy model is more profitable than the other one.

Yes, 50%+ accuracy assumes that a bot trades with a constant amount every time, if you have some complex strategy, then your performance can only be measured by the profit that it makes.

I'm really curious if such algorithm is able to predict huge movements, or if it's better for day trading with high frequency. And if it can do both, then which is better - waiting for a big shot, or steadily making profit every day?
4464  Economy / Economics / Re: Machine Learning (Keras LSTM and K-Clustering) to predict Bitcon Price on: April 26, 2020, 12:19:26 AM
I guess, if there were the real neutral network that can predict the price there already will be ~100% accurate trading bots but we dont have them

Nothing can be 100% accurate, but you don't need to, as long as your accuracy is above 50% you will be making profit. And there already been some projects here that advertised trading bots based on machine learning, I think I saw some threads on the Project Development board, perhaps OP will be interested to look at them.

4465  Economy / Economics / Re: Oh look! Another covid thread..... on: April 25, 2020, 04:43:05 AM
Okay so, pretty much 90% of the world is in lockdown. China, the main source of the virus, isn't on lockdown. How did China manage to withstand the virus out of nowhere, while it was a goddamn plaguefuck of a place for ~3 to 4 months?


China has lied about their numbers and is still lying, way more people actually died. And they didn't even stop their epidemic yet, there were reports about the second wave recently.

Also, countries are severely mad at China, for lying about the virus. Apparently, there is new evidence in light stating the virus originated from the Wuhan Lab, and then it spread through their wet markets, whose existence is being denied by china. China claims there is no such thing as a wet market, while there is a shitload of evidence proving otherwise. To add to this, the US government has officially sued China for the spread of the virus, and for lying about all crucial information about the virus.

All these ideas that the virus was created in a lab are just conspiracy theories, dozens of researchers independently claim that it comes from wild animals, there's zero evidence that it is artificial. It indeed came from wet markets, because that's were they sell freshly butchered wild animals.

Next, I am still shocked on why some countries/states are easing out on the lockdown while the number of cases has been on the rise. The state of Texas is apparently removing their lockdown effective next week. Why, WHY, the number of cases will only rise and become much worse, just like in 1918. I understand that people need to work for an economy to survive, but thus far the precautionary measures taken have been outright awful.

It's reasonable to slowly relax the lockdown if your place is already past the peak new cases, which is happening in many European countries, but is probably not the case with Texas.

And my oh my, coming out of this pandemic, I don't even know where to begin with. From the looks of it, a lot of countries are gonna shit on chinese markets and ask them to go fuck themselves. This could be a chance for something different to happen, as in inflated countries like Zimbabwe, Venezuela could come out on top as competitors for chinese markets, given enough capital. The recession is going to be tough, the biggest one human kind could have ever possibly imagined, and while US could get away with printing money from thin air, other countries won't. I am hating every single moment of this, thinking about this, and that we have to live through this.

If you look at human history, countries almost never face any sort of consequences for their screw-ups, and the bigger the screw-up the lower the chance of it, especially if we are talking about a big player like China. To me this is the saddest part of this who story, China knows well what needs to be done to prevent these pandemics in the future, and they won't do it, because there's no consequences for causing hundreds of thousands of deaths globally.
4466  Bitcoin / Bitcoin Discussion / Re: When Bitcoin Mining Cost is Higher Than Bitcoin Revenue. on: April 25, 2020, 03:33:56 AM
The thing is, you don't know exactly how much miners are paying for electricity. Everyone just googles electricity prices for some region in hopes to estimate those values, but they may be very different from reality. Maybe some specific places have extremely low prices due to being close to some power plants, maybe some miners can bribe the local officials and get them a better deal, etc. This can easily explain why miners seem to be mining at a loss.
4467  Economy / Services / Re: Challenge: looking for ETH Script developer on: April 24, 2020, 06:38:35 PM
Be careful anyone who tries to solve this challenge, Ethereum is known for having honeypot contracts/addresses - something that looks vulnerable to hacking, but actually steals the money whenever you try to hack it. This challenge requires you to send your money to an address that immediately drains it, so don't send more ethers than you can afford to lose.

I'm not saying here that the OP is a scammer, maybe they just shared what they saw somewhere else, but anyway be careful.
4468  Other / Beginners & Help / Re: What happens if 2 miners mine the same block at the same time? on: April 24, 2020, 02:31:54 PM
Guys, hash collision is not impossible.

Take example these 2 images. They have the same MD5 hash:

(253DD04E87492E4FC3471DE5E776BC3D)

https://drive.google.com/open?id=1DdJPc0uShVfueYydBO0-WSoDr0Qzhf3F
https://drive.google.com/open?id=1HSUHhLRBLoyHYT72GZWaB_E6PQ1uWTcD

MD5 is broken and it's trivial to construct files with the same hash by slightly changing a small amount of data appended to both files. Same happened with SHA-1, except it would still require a big chunk of processing power, unlike with MD5 which can be attacked in that way even on old CPU. But, MD5 still has pretty much full preimage resistance, meaning if you hash some data, the attacker would only be able to brute force it to try to find a message that hashes to the same hash value. This means that even with MD5 hash collisions effectively cannot be encountered accidentally.

Until there are known practical attacks against SHA-256, hash collisions are out of the question.
4469  Economy / Economics / Re: Stimulus checks perfect storm for massive crypto bull run? on: April 24, 2020, 03:44:35 AM
Crypto news sites love to create a narrative for explaining the recent price movements, and most of the time they are entirely wrong. In the past it has often been some global instability or some economic news, today it's the stimulus checks. One thing in common is that these articles never provide any good evidence, it's always just a conjecture coming from the writer, there's no quality data or research to back any of it up, it's just talk.
4470  Other / Beginners & Help / Re: What happens if 2 miners mine the same block at the same time? on: April 24, 2020, 02:41:26 AM
Imagine they have the same hash and the same block header's information. What happens then? Do they spread it to the network and whoever is luckier wins?

They will only have the same hash if either coinbase transactions are the same, or there is somehow a hash collision (the Universe will end sooner than that one happens). So, if coinbase transactions and all the other information is the same and the hash is the same, than it's the same block, it will propagate through the network like normal, there won't be any conflict. But it will never happen on practice, because too many things need to coincide - two independent miners will have to include the same transactions and make the same timestamp up to the smallest unit, and for some reason include the same coinbase transaction, and also find the same nonce - it's just impossible. But if you imagine it happening, it would be like two nodes on the network simultaneously broadcasting the same new block - the network doesn't care about such circumstances, it only cares that the blocks are valid.
4471  Bitcoin / Bitcoin Discussion / Re: Another crypto youtuber given a ban for breach of terms of service. on: April 23, 2020, 10:31:10 PM
Someone should make a concerted attempt to migrate but we all know they'll fail. Centralisation = convenience. I'm not going to fire up some obscure client to watch one guy dribble on and no one else will either.

If my livelihood depended on staying in the good graces of one remote and mercurial entity I would certainly be nervous but that's how it has to be.

How do you even start it? If creators move first, they will have to endure huge loses until their audience comes, many of whom might never follows, and also creators' subscriber growth will be greatly reduced, because a decentralized platform will have a fraction of Youtube's users, and there won't be any sort of advanced algorithm that matches viewers with new creators.

And if the users move first, then again why would creators move to a minority platform if they can stay on Youtube and keep making more money.

Right now Youtube is an undisputed monopolist of mainstream video hosting, even centralized competitors are miles behind it, so what chance do the decentralized ones really have? I think they will keep being a small niche tool for people who need their exact properties like censorship resistance.
4472  Bitcoin / Bitcoin Discussion / Re: Americans are using Stimulus Checks to buy Bitcoin! on: April 23, 2020, 05:14:59 PM

Lets say that of a given regular day, there are 1000 buy/deposit TXs for a facial value of 1200$. Going x4 would mean 3000 additional buy/deposit TXs from what’s normal, which is meaningless in the big (or even small) picture.


I think 1000 buys estimate is way too generous, if it's 0.1% of total daily deposit + buys, it means that 1 million people buy Bitcoin every day. So even if with this unrealistic number the amount of people who used stimulus checks is still small, then the real number is even smaller.

People should learn from this whole story that relative charts are very misleading and if someone hides the absolute numbers, it's because they have something to hide.
4473  Bitcoin / Bitcoin Discussion / Re: Americans are using Stimulus Checks to buy Bitcoin! on: April 23, 2020, 03:35:07 PM
As with always with these types of claims, the question is not whether it happens or not, but in what quantity. If 50-100 people or even a few thousands out of 328 million nation do this, is that really significant? It's like when some article says that "twitter is angry about something", and then it's actually just a couple of tweets from some nobodies.

The problem here is that some less experienced people might start having unrealistic expectations about the market, they will start thinking that events like US stimulus can move Bitcoin's price significantly and predictablym which is really wrong.
4474  Bitcoin / Bitcoin Discussion / Re: Another crypto youtuber given a ban for breach of terms of service. on: April 23, 2020, 02:11:45 AM
Youtube want to purge all crypto content

If they wanted it, then they would have done it, they could have easily banned all the big channels, the smaller ones would leave on their own due to the loss of revenue, and Youtube could even run their algorithms to automatically delete crypto videos. And nothing about it would have been illegal, because it's their platform and they can delete any content they want.

But they don't do any of that, because they are not anti-crypto.
4475  Bitcoin / Bitcoin Discussion / Re: Is 51% attack a crime? on: April 22, 2020, 11:25:50 PM
a 51% attack that double spends appears to violate the Computer Fraud and Abuse Act. i think even a mere censorship attack would qualify based on that legal theory.

whether it's enforceable is another matter. it carries a prison sentence of up to 10 years per count, and victims could sue for damages, but this is all theoretical. it's never been done, and the legal theory has never been tested in court. i assume the discovery process would be an absolute nightmare.

I have big doubts that anyone would bother to investigate a censorship attack, the authorities wouldn't even clearly see who is the victim, who is the culprit, what was the damage, and Bitcoin is a decentralized network, not a company that can go to court. In case with double spend, there will be a clear victim - an exchange or other service that lost millions of dollars worth of coins, and the attacker that made and then reversed a transaction.
4476  Bitcoin / Bitcoin Discussion / Re: Is 51% attack a crime? on: April 22, 2020, 04:25:47 AM

Can somebody, after attacking BTC, mine all the BTC in an hour or so?

It's a common misconception to think that 51% attack gives the attackers some god-level powers over the network. 51% actually only allows attackers to revert transactions by forking the blockchain from the earlier block, they can choose to mine empty blocks to effectively DDOS the network, or they can choose to censor certain addresses by refusing to include their transactions and forking whenever other miners do so. 51% attack can't change the rules of the network or do anything that breaks the rules, period.

So, is it a crime? The censorship attack would be the most unlikely to prosecuted as a crime, the DDOS is generally a crime, but I doubt it would viewed like that by authorities, but the last one, the double spending would have very high chances to being prosecuted if it will result in millions of dollars worth of coins being stolen. Authorities already go after Bitcoin thieves, and double-spending is just a type of robbery.
4477  Bitcoin / Bitcoin Discussion / Re: Another crypto youtuber given a ban for breach of terms of service. on: April 22, 2020, 03:03:57 AM
i think it is initially done based on the reports these videos receive then based on their subject. and considering the fact that all the youtube videos i have seen removed or the accounts that i have seen suspended were either promoting some sort of scam or have been misleading people with their "market analysis" which was basically drawing random lines on charts, i  say the removal is well deserved unless proven otherwise.

Youtube has capabilities to automatically take actions against videos and channels by analyzing their content, for example it quickly demonetizes videos that feature swastikas or other nazi symbolic, just because in the past there were incidents when advertisers had their ads placed on some neonazi propaganda videos. So, technically Youtube can run something similar against crypto channels, but I doubt that they are doing that right now. Maybe they will do it in the future though, but it won't necessary mean that they will try to censor all of crypto.
4478  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 INVESTING BTC, LTC and DOGE is OPEN NOW on: April 22, 2020, 02:45:32 AM
Is not a system like this is not so fair, investors risk their money, but their money is cut in my opinion such a system is not fair, or how am I wrong in responding?

In the long run, the site's profit will be approaching 1% of the wagered amount, so with these rules investors will have 50% cut of it. In my eyes this is a good deal, as I personally don't care about the short-term variance, I'm hoping to have an open investment for as long as this option exists.

These investing rules may increase the risk for people who do some sort of short-term investing, but a short-term investing in gambling is a bad idea in the first place, and there's no good reason to do it.
4479  Bitcoin / Bitcoin Discussion / Re: we would have been nothing without Bitcoin and Bitcoin forum on: April 21, 2020, 08:11:56 PM
This forum isn't the alpha and omega of Bitcoin knowledge, you can learn a lot about Bitcoin from reading good books, blog posts from experts, listening to podcasts or watching videos, or even reading bitcoin's developers mailing list.

*we would still have been colonial regime
* We would have been poor without Bitcoin and Bitcoin forum

You're assigning to Bitcoin properties that it doesn't have - it can't solve poverty or topple empires, it even struggles to achieve wider adoption first.
4480  Bitcoin / Bitcoin Discussion / Re: Another crypto youtuber given a ban for breach of terms of service. on: April 21, 2020, 04:16:16 AM
I personally don't care about any crypto youtubers, so many of them are actually promoting scams or just giving poor advice, they are the same as those low-quality Medium bloggers or crypto news sites writers. If youtube banned Andreas Antonopoulos, then I'd be quite frustrated, but as long as it's some nonames, I'm not going to grab a pitchfork.

And if these crypto guys are so cool, why don't they move to some decentralized video hosting service? They talk about crypto and blockchain, yet they still choose to stick with the centralized platform, because that's where the money is.
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