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4581  Other / Archival / Re: Announcing Wasabi Wallet 2.0 on: May 19, 2022, 08:41:21 AM
But think about the situation from WasabiWallet's own viewpoint, should they wait until it's too late, and they are facing sanctions and/or possible extradition before accepting the trade-off?
As you said, think of it from their perspective. They're a company, known as privacy-oriented, that believes privacy is a human right and should be preserved at all times. "At all times" means regardless of who, which, what, when, where. Their focus is on everybody's privacy, not on yours nor on mine nor on theirs, but everyone's.

If they're threatened to not be private, while that's the only principle they follow since the development of Wasabi, what do you think it's reasonable thing to do? Besides, there wasn't such pressure. Nobody forced them do nothing. This happened voluntarily, which shows that the fish stinks from the head.
4582  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Paradox - a Simple Online Scam Honored as Deity on: May 18, 2022, 06:04:11 PM
Translation of the above: "I don't have any other arguments, I desperately need you to shut up, 'cause I know I'm right".
4583  Local / Ελληνικά (Greek) / Re: [NEWS] Τα νέα από το www.bitcoin-gr.org on: May 18, 2022, 04:45:58 PM
Ο 3ος κόσμος πρωτοστατεί στην υιοθέτηση του BTC και είναι λογικό, γιατί μια ζωή έχει fiat shitcoin. Ο βρεγμένος την βροχή (volatility) δεν την φοβάται.
Πάντως, υπάρχουν πολλοί Ελ Σαλβαδορίτες που δεν το θέλουν.
4584  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Paradox - a Simple Online Scam Honored as Deity on: May 18, 2022, 04:17:38 PM
But, you don't benefit from those. Nobody is able to benefit from them. You benefit from the economic resources that new investors are bringing into the scheme.
Why isn't this true for fiat currency, again?
4585  Other / Meta / Re: How do you feel when someone gives you MERIT? on: May 18, 2022, 12:25:03 PM
To merit or not to merit, that is the question.

What's merit?
The thing I can't give you, because I've already sent you 50 this month.
4586  Bitcoin / Development & Technical Discussion / Re: Cheating the penalty system with lightening network by force publishing old com. on: May 18, 2022, 12:17:12 PM
Not sure how it has more ways to extort, cheat or steal than Bitcoin, though?
I don't know if that applies, but if we're talking about ways to generally lose money in Lightning we have:

  • Loss of your partner's revocation keys.
  • Loss of your commitment transactions.
  • Loss of money by going offline for a long time.

The first two can happen if you lose backups.

Unless, you have done the math, and Lightening has already exceeded the amount of bugs that bitcoin has had.
The times he's whinnied about Lightning, definitely exceed both.
4587  Bitcoin / Bitcoin Discussion / Re: Bitcoin has no future as a payments network, says FTX chief on: May 18, 2022, 09:44:12 AM
Bitcoin has no future as a payments network because of its inefficiency and high environmental costs, according to one of crypto’s most influential chief executives.
Everything related with decentralized coin minting is inefficient. You can't have a blockchain if you don't have decentralization, and you can't have decentralization if you don't have inefficiency. However, nobody said that bitcoin should be the default payment network. In my opinion, bitcoin is the hard money, re-invented, but, Lightning is the key to efficient payments.

would you rather pay for dinner using bitcoin or using your ever-inflating currency?
For dinner? The ever-inflating currency. For anything in the web that I can't pay with cash? Bitcoin. Simply because I want to pay in cash, whether that's USD, EUR, BTC or gold.

You cannot ensure some will not try to be smartass and use RBF.
Sure you do. If nSequence is lower than 0xffffffff - 1, it allows replacement. If they're using RBF, you can ask them to broadcast a new non-RBF transaction, where they spend the RBF's outputs.
4588  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Paradox - a Simple Online Scam Honored as Deity on: May 18, 2022, 09:02:34 AM
Ultimately, in all schemes where no resources exist and the investors are able to benefit only through resources contributed from new investors, the victims are those who stay the longest in the scheme.
But, you're the only one who sees no resources. You've limited yourself purposefully. I use bitcoin everyday. I purchase stuff with bitcoin; gift cards, servers, other web services, premium features etc., no matter what you think of it, I show you the exact opposite with my actions. And it's not just me. There are thousands of merchants willing to accept it as a currency. All these things demonstrate how incorrect you are.

And that's because it's useful. It provides things you can't otherwise have.

Tell me more about it.  How do I benefit from your entrance in the system?
Don't do him good, that's a meat and drink for him. The moment you enter, demand rises, but supply remains the same.
4589  Bitcoin / Development & Technical Discussion / Re: Consolidation of mixed outputs on: May 18, 2022, 06:26:16 AM
Oh, the issue with this is that I assumed the change doesn't all land in the same address. I'm not sure if there's a standard way; as far as I know, change is handled a bit differently from one wallet to another.
Oh, wait, you meant literal reuse of the change address? Which wallet does such thing?
4590  Bitcoin / Project Development / Re: A system that can't have illegal trade yet contains investing value on: May 17, 2022, 07:32:01 PM
It can't be interesting if it doesn't make sense. To begin with, what's "investing value"?
4591  Bitcoin / Bitcoin Discussion / Re: Will "hyperbitcoinization" become a reality? on: May 17, 2022, 07:30:17 PM
What's hyperbitcoinization, again? Mass adoption? If that's so, I don't think we'll ever see it, definitely not as the main currency of the society. That can't happen realistically. Most people don't understand money. They're the same people who only see bitcoin as an investment. Most people are fine, having their privacy invaded; confirmed from the abrupt rise in the demand of KYC. So here's one principle violation.

Bitcoin will not be used for what it was intended for in a global level. Not until the mob understands what's that. Part of the problem is that they don't understand there's a problem.
4592  Bitcoin / Wallet software / Re: Wallet & KYC on: May 17, 2022, 02:44:55 PM
I've never heard of Edge Wallet, so I would avoid it. The most anonymous way to purchase cryptocurrencies is hand-in-hand with a person from your country. The second most anonymous way is using a decentralized exchange such as Bisq.

The process should be the same: You find another person who's willing to sell you bitcoin. You talk each other. You settle the trade without any intermediaries. You then send your coins from Bisq's inner wallet to a non-custodial wallet.
4593  Bitcoin / Bitcoin Discussion / Re: BTC is scarcer than gold. on: May 17, 2022, 12:40:22 PM
We all know there are only 21,000,000 coins and 3-4 millions are already lost forever.
Lots are lost, but much less than 3-4 million and only a fraction of those are provably lost. So, in the far future, they can re-enter the circulation. Especially the early P2PK outputs that have revealed their public key; those are likely to be accessed with quantum computing overtime.

I can’t stand this comparison and don’t understand why so many people are so quick to compare the two.
It's simple. Both have store-of-value characteristics. You don't compare them as metals nor as "networks", but as hard money.
4594  Bitcoin / Development & Technical Discussion / Re: Consolidation of mixed outputs on: May 17, 2022, 11:59:59 AM
[...]
There are two things I don't understand from your response:

  • What's "untainting mixer outputs"? Haven't we already made it clear that "taint" is an arbitrary rule? Mixing and trying to have your outputs "untainted" is contradictory.
  • What's the benefit of mixing with BTC <--> XMR <--> BTC compared to mixing directly with BTC <--> BTC? If it's time, which is the only think I can think of, that's where vouchers and chips take place.

Reused change addresses not only allow tracing what you're doing with the change but also tracing what you're doing with the rest of your BTC. Let's say I'm a merchant and you pay me some BTC; I can look at the change address and see other deposits. I can follow the transactions of these deposits and see that you also sent BTC to other (known or unknown) addresses; which could be exchanges (authorities can call them and ask 'who is the human behind address X'), stores or friends of yours that I now know you have some sort of connection to.
True, but doesn't this answer on why you shouldn't keep change at all? As said by Leo above, whenever you're going to have a decent change left over from a transaction, send them to ChipMixer instead. Or, if you're thinking of buying in bulk, make your purchase and send the rest to ChipMixer.

What I said is: If you have change in x outputs, which are essentially linked from your previous transactions, it doesn't matter that much to broadcast 1 transaction where you spend them all, or x transactions where you spend 1 in each.
4595  Bitcoin / Bitcoin Discussion / Re: Who's behind the mysterious Bitcoin? on: May 17, 2022, 09:25:21 AM
Pretty much what NotATether said. I'm going to add another counter-argument to this pointless conspiracy by asking this: Why would a government want to create something so revolutionary, unstoppable, freedom-seeking and transparent? Whoever did this, whether he was a Japanese man, Putin, an alien, Craig Liar Wright, Ash Ketchum, or whatever, it doesn't matter at all.

There's no tangible benefit from a government's perspective to make such thing, because it gives the financial power to the people.
4596  Bitcoin / Development & Technical Discussion / Re: Consolidation of mixed outputs on: May 17, 2022, 07:50:17 AM
It should be reasonably secure except from one aspect which is tracing wallet sizes. However if the inputs weren't linked to each other before mixing, it should be fine, right?
Tracing wallet sizes? Like?

As we all know, using a common change address is one big privacy risk in Bitcoin.
It's a big privacy risk if you can trace what I'm doing with it. But, if I just mix all of my change in one transaction, I don't think it's so bad. Making it official that I'm the owner of those UTXO's doesn't harm much, and you've pretty much already known it.

Of course, if they appear to be a lot, then you might not want to reveal you own that much money. In any case, it's better to split your inputs in several transactions.
4597  Bitcoin / Development & Technical Discussion / Re: Empty blocks on: May 16, 2022, 05:37:14 PM
I don't really think it makes sense for this to happen.
Neither do I, but I yet fail to understand why is running a full node such a difficult thing to do. I mean, you've put yourself into buying all those hardware, build a mining rig, make effort to ask questions/read answers, trying to do this as much efficiently and profitably as possible, and you can't just do the only verification that is vital in this system?
4598  Bitcoin / Development & Technical Discussion / Re: Empty blocks on: May 16, 2022, 04:41:14 PM
[...]
The problem is the double-spending. An SPV could set you up, if say, another miner paid them so.
4599  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 16, 2022, 03:39:37 PM
My gut is it is a terrible idea since that second layer (LN) is very much like staking but I simply do not know much about the world.
Lightning works like staking, but there are two important differences:

  • No coin generation.
  • Actual usefulness. (Routing TX)
4600  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 16, 2022, 03:21:53 PM
It is conceivable that transaction fees could end up in the thousands of dollars (by today's failing standard).
Median fees? There's no realistic scenario wherein people pay, regularly, thousands of dollars worth of BTC in fees. Even with Binance charging 200+ sats/byte.
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