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4501  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Crypto Winter on: June 14, 2022, 05:21:51 AM
This is a wrong comparison because you are only comparing a small part of the market (ie. the drop part) not the other bigger parts which are the rise, accumulation and the bubble. If you compare those you can clearly see that each drop that is big (like >80%) is happening because the rise part leading to that drop was massive. And when I say massive I mean tens of thousands of percentage rise bubble (13000% for 2017). But we never had the same rise this time (2000% this time) which means expecting the same behavior (even if it happens) is unreasonable.
4502  Bitcoin / Bitcoin Discussion / Re: Bitcoin Not a Hedge Against Inflation?? on: June 14, 2022, 04:26:28 AM
Bitcoin was in some aspect created to act as a hedge against inflation.
Wrong.
Bitcoin was created as an alternative to the corrupt centralized financial system so that people have another choice for a currency.

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More or less it's value was supposed to go up as FIAT value goes down.
That still holds true but in long term not short term and when market manipulation is at an all time high.

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Many of us got Bitcoin years ago as for it to be something that would go up in value and give people better level of wealth, or at least at as a survival key.
Well as I've been saying for the past 8 years, bitcoin is not something you buy to make profit.

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However it seems with FIAT going down, so is more of Bitcoin and other cryptos.
Other cryptos aka the altcoins have always been going down. For example ever since 2018 all altcoins without exception lost their value for example the biggest shitcoin of all times called ethereum has been sitting at half of its 2017 price against bitcoin. It was only bitcoin that not only went back up but surpassed its previous ATH.

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Bitcoin was supposed to be here for our survival. Now it is becoming just a digital number on a computer screen that never had any value all along.
That's your view because you bought bitcoin to become rich. Otherwise bitcoin is exactly as it was back in 2009, a decentralized censorship resistant currency.
4503  Bitcoin / Bitcoin Discussion / Re: Is there a solution to alts leeching off bitcoin's strong valuation? on: June 14, 2022, 04:18:47 AM
Alts used to exist independently to compete with bitcoin,
This is an understatement. Basically apart from early days back in maybe 2010 there hasn't been any altcoin that aimed to exist independently. They all exist because bitcoin exists and dump whenever bitcoin goes up or down. In other words innovation started and ended with bitcoin.

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now they're drag it along with them and screwing bitcoiners.
I disagree. Historically altcoins have caused small drops in bitcoin but only small ones, they have never been able to "drag it down" significantly. The drops you see these days have nothing to do with altcoins either.
4504  Other / Beginners & Help / Re: Can you predict the caption on: June 14, 2022, 03:37:22 AM
The "bitcoin is dead" FUD is old and is not regularly used anymore, they've long come up with new FUD which we are already seeing which is trying to fool people into believing a big lie: "bitcoin crashed because US stock market crashed" and we have to get used to seeing this FUD for a couple of more years until people start seeing the truth and go back to what they were doing in the past 13 years which was to buy bitcoin whenever US stock market crashed.
4505  Economy / Speculation / Re: Bitcoin price with a 4 year cycle? on: June 14, 2022, 03:31:16 AM
The fact that we reached the previous ATH (almost at $20k) which has never happened before, is another good indication that the cycles are broken and we are seeing an entirely new trend. If you look at the previous cycles, they always have a much bigger peak compared to this one and their bubble burst never leads to price going to the previous peak. For example when the 2017 bubble burst the price didn't drop to previous peak at $1200 but instead reached $3200 which is about 3 times higher.
This time we didn't even have a bubble and price dropped down to the previous peak!
4506  Bitcoin / Development & Technical Discussion / Re: SHA256 once & twice on: June 14, 2022, 03:07:35 AM
which proves it is pretty secure.
Not necessarily.
You have to investigate to see whether the challenge was public enough to be seen by many people and most importantly whether the prize was high enough to encourage putting the effort in. It seems like the reward was high but I don't see that much effort put into breaking it, only 2 github repositories were found and they were weak implementations with no optimization whatsoever like this one: https://github.com/nachowski/warpwallet_cracker
4507  Bitcoin / Development & Technical Discussion / Re: Lost coins vulnerable to theft in the future? on: June 14, 2022, 02:51:51 AM
If you can burn or lock coins for arbitrary reasons, then you have proven that you can manipulate the ledger, after which it will never be long until censorship rears its regular head.
Irrelevant arguments here because we are not talking about some "arbitrary reasons" we are talking about a serious one that would make the very thing that made bitcoin secure becoming obsolete.
It's not all about price either, in fact not preventing old UTXOs from being spent would be against the fundamentals of bitcoin where your coins are only yours to spend not everyone's.
4508  Bitcoin / Development & Technical Discussion / Re: Strange pubkey (real existing or not) on: June 13, 2022, 02:41:14 PM
Does it really exist in the 2^256?
Your question is wrong. What you are posting is supposed to be the x coordinate of a point (x and y coordinates) that is only valid if it is located on the elliptic curve used by bitcoin called secp256k1. In order to check if a point is on curve you have to solve the curve's equation which is y2 = x3 + 7.
So basically you cube your x and add 7 to it then you check to see if it has an square root modulo p.
4509  Bitcoin / Development & Technical Discussion / Re: Lost coins vulnerable to theft in the future? on: June 13, 2022, 02:12:04 PM
It is not possible to predict what the consensus is going to be because there hasn't been any serious discussion about this possibility yet and the various smaller discussions that have taken place among users have never reached any consensus. There are two sides and some say they shouldn't be locked or anything and another side says they should be burnt.

In my opinion if some day in the far away future we come to the conclusion that ECC is obsolete we should define a migration period after which any coins left in the old algorithm becomes unspendable.
4510  Economy / Speculation / Re: Peter Schiff Advices Don't Buy the Dip on: June 13, 2022, 07:25:53 AM
Whenever there is a drop, even the smallest of drops, it has always been a celebration day for those who are against bitcoin and its growth because for a short window of opportunity they can pretend that their years of nonsense about bitcoin is "true".
Let's not forget how much Peter Schiff insisted that "bitcoin is a bubble" in 2017 when price was barely $2,000 and hadn't gone up to $20,000 yet. Today it is 10 times higher and even though he has stopped his extreme FUD but he is still spreading FUD.
4511  Other / Beginners & Help / Re: Do you struggle learning about bitcoin? on: June 13, 2022, 06:53:25 AM
I know this is a shame to admit but that is what am faced with.
There is no shame in having less knowledge in a certain field or having trouble learning that field. We are not all supposed to be best at everything.

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I once tried to read the white paper but could not make much meaning out of it. Is this just only me as someone who has zero knowledge of science or there are also people who are in science but still find learning bitcoin confusing and challenging?
Bitcoin paper is a bit hard to understand, it is too abstract and not written in a newbie friendly way. I suppose every newcomer has trouble fully understanding everything about it.

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Is there a way out of this? Please am not asking for books to read. I need real life experiences of those who passed through this and overcame it.
It depends on how much you want to learn. To have a general idea of how the technology works there are some websites that have good information like Coindesk's learn section in user friendly language.
Obviously if you want to learn more and take a deeper dive into the technology, your work becomes increasingly harder and you have to find a book to read like Mastering Bitcoin by Andreas Antonopoulos.

The way I learned was by selecting a small topic and focusing on that. For example focusing on wallets and basic cryptography used in a wallet like what private keys are, how they are created and how does that create an address. Then moved on to addresses, their types and bitcoin scripts.
In this process, for a long time since mining didn't interest me I had no idea how it worked although I knew almost everything else.

I don't think there is a solution that fits everyone, you just have to first decide how much you want to learn and then slowly start gathering knowledge and keep asking others to help you on specific topics (instead of a general question).
4512  Economy / Economics / Re: Who will Replace Russian Gas Supplies to Europe? on: June 13, 2022, 04:59:56 AM
the EU is purchasing the oil and gas from Russia on low prices and want the rest of the world to boycott from Russia.
Why do you say "low" prices? EU is currently purchasing oil and gas from Russia at much higher prices, partly because the price of energy has gone up by a lot (for example oil from $60-$70 last year to ~$120 today) and partly because of the third parties that are sometimes involved in transferring for example Russian oil to EU who would add to the final price of it for EU since they need to take their own cut.
4513  Economy / Speculation / Re: Bitcoin scenario crashing to $20.000 - $23.000 on: June 13, 2022, 04:47:49 AM
Personally, I thought Bitcoin was able to overcome the deflation in the global economy as a result of inflation, but unfortunately this did not happen. It seems that Bitcoin was severely affected by the deflation, but I hope that this effect is only temporary, for a long time Bitcoin managed to stay outside the twenty thousand area and maintained a good resistance, but Now it entered this area, and this is a negative indicator that indicates the possibility of continuing the decline, and we may witness 24/26K soon, especially with the negative weekly closing.
Don't you mean inflation?
In any case the problem with bitcoin is currently market manipulation. The market (that is the order books on exchanges) has always been small enough for manipulation to be effective specially if it is in the same direction as the market sentiment is (currently undecided sentiment).

So when the FUD convinces people that bitcoin has magically and after 13 years has decided to for the first time to follow US stock market and then that market dumps, a lot of newbies who believed the FUD would dump their bitcoin for no reason but being manipulated into panic selling.

Otherwise it hasn't occurred to anyone why dump size is so close whereas it should have been huge if history is any indication? That means stock market dumps 7% and bitcoin dumps about 8% whereas historically it should have dumped 20%.
They are just squeezing newbie weak hands out.
4514  Bitcoin / Bitcoin Discussion / Re: Will Bulls Decide BTC is an Inflation Hedge & Charge? on: June 13, 2022, 04:31:05 AM
holding BTC while there is recession can be a hard task and the whales are waiting for them to sell for the lowest possible price. if they believe that price can dive to $20K, they might just wait for it and make a transaction OTC. 

doesn't act like a hedge when the value of BTC goes down while the inflation also keeps the goods prices soaring. its like two swords piercing holders.
A real holder doesn't buy the peaks but instead buys the dips.
When you the dips, you don't look at what the peak ($60k) were, you look at the fact that all this time you have been accumulating bitcoin at prices that are far below the current $25k-$35k range that price keeps going up and down inside. You also won't care about short term fluctuations since a holder looks at long term potential. Like for example 2019 when holders didn't care that price is in $3k range and may drop lower since today it is 10 times higher than that price.
4515  Bitcoin / Bitcoin Discussion / Re: An analysis on how Bitcoin gets to 1 billion users on: June 13, 2022, 04:06:10 AM
If the argument is based on the model of the S curve, yes rate of adoption always speeds up.
Not always, it only speeds up until we reach mass adoption then it slows down and plateaus.

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However, what I am questioning is based on reality, it has been 10 years and we are still on the bottom of the S curve?
That is how new technologies are adopted, the more different from what they are replacing they are the slower their adoption is going to be. On top of that we have a lot of FUD by the heads of the corrupt existing financial systems that has slowed the adoption down even more.

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is there an argument for altcoins to also increase in rate of adoption only because it existed?
No simply because adoption happens based on utility not hype. Altcoins are all hyped up without any real utility. History has also proved that they always dump and eventually disappear. You can take a look at how the list of "top" altcoins were 9 years ago and how many of those "top" coins exist today!
4516  Bitcoin / Development & Technical Discussion / Re: What data have Bitcoin Core blockchain files? on: June 13, 2022, 03:17:05 AM
One thing I would like to do is to dump all public addresses with any additional data.
Unless you are trying to do something special that is not to extract pubkeys to brute force private keys lol you can use existing lists that contain all bitcoin addresses that have ever been used[1] or list of addresses with a balance[2].

[1] https://bitcointalk.org/index.php?topic=5265993.0
[2] https://bitcointalk.org/index.php?topic=5254914.0
4517  Bitcoin / Development & Technical Discussion / Re: Strange pubkey (real existing or not) on: June 13, 2022, 02:55:57 AM
I don't see anything strange here. You have a key pair and you negate it and it still has the same x coordinate and a different y; which is how it is supposed to work.
Code:
k = -k
P(x,y) = P(x,-y)

Then you try different x values for a public key and some of them are valid in the equation y^2 = x^3 + ax + b (mod p). The x values you choose are not special, you could have decremented it so much to reach the following and it still be a valid x for example.
Code:
0300000000000000000000000000000000000000000000000000000000000f9c64
4518  Economy / Economics / Re: Who will Replace Russian Gas Supplies to Europe? on: June 12, 2022, 08:00:15 AM
Imagine a crazy big shuffle in the market.
This is a beautiful example of this big shuffle I talked about: Saudi oil exports to China has been decreasing and they are swapping their Chinese buyers with others. This is another proof of how the websites I mentioned earlier were propaganda machines since if anything Russian oil replaced their employers oil not Iran's.
https://oilprice.com/Energy/Crude-Oil/Saudi-Arabia-Cuts-Oil-Volumes-To-China-For-July.html
4519  Bitcoin / Bitcoin Discussion / Re: Will Bulls Decide BTC is an Inflation Hedge & Charge? on: June 12, 2022, 07:20:19 AM
It is puzzling to me that the bulls are not stepping in scooping up more BTC at this price.
Unless you are the owner of all bitcoin exchanges or have some privileged access to their private history you can not make this claim. The fact is that in times like this when price is at a bottom and the accumulation phase is going on, regardless of what may happen next, there are a lot of people who are "accumulating" bitcoin. But they do it in a way that it doesn't affect the price because they want to maximize their profit.
4520  Bitcoin / Bitcoin Discussion / Re: Will countries ban Bitcoin mining due to environmental concerns? on: June 12, 2022, 05:59:18 AM
The more reasonable approach in case mining energy consumption is considered as too much would be to nudge down the mining volume, e.g. by taxing the mining itself or the energy required to do so. After all, Bitcoin will still work with a proportional reduction of global mining power.
That's now how it works. If one country started placing any kind of restriction on mining whether it is an all out ban or high taxation, what would happen is that the miners start migrating to another country and the hashrate will stay up but in another territory.
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