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4881  Alternate cryptocurrencies / Altcoin Discussion / Re: Decentralized Travel Booking Platform on: April 21, 2022, 02:57:29 AM
The first question you should always be asking is not "how" but "why". In other words you should first investigate why you want to make booking decentralized, what is the benefits and what problems are you going to solve? If you can't find good answers to these questions then it is not a good idea to go the decentralized route.

In my opinion, P2P booking is not a bad idea. For instance, it could work a bit like Bisq or Torrents, where you 'host' your offer yourself on your own machine and other peers can see it whenever your machine is online. There are no centralized servers that can be shut down and customers can interface with you directly, so there's no cut taken away by the platform.
That is not exactly P2P though, if there is a single server that is run on your machine there still is a centralized server, it is just not on a third party computer. In torrent network for example the file doesn't exist on a single computer that is why it is pure P2P. But in your idea (same as OpenBazar) if you shut down your computer, the server goes away too.

the true decentralization that Etherium is trying to achieve
You mean the true centralization that ethereum is trying to achieve.
4882  Bitcoin / Bitcoin Discussion / Re: Bitcoin privacy? on: April 20, 2022, 06:22:24 AM
Why is it recommended to use a wallet like atomic wallet
Who has been recommending these things to you? Your other topic was strange like this one where you are talking about a very unpopular tool which I couldn't even find the source code of (only a github repository exists that doesn't have the source).
4883  Bitcoin / Bitcoin Discussion / Re: Why do some recommend bitcoin mixers over using XMR to get a new bitcoin address on: April 20, 2022, 05:18:46 AM
Each method has its pros and cons, nobody recommends one over the other.
For example using XMR means you should find a way to convert your bitcoin to it first. You obviously can't do it using centralized exchanges and your option for P2P trading is limited and mostly bad considering the risks and the losses due to variable exchange rate. Meaning you could enter 1 BTC but only get equivalent of 0.9 BTC in XMR. It also has the additional problem of you having to install a XMR wallet and know how to use it correctly.
On top of that the "taint" nonsense may not go away since when you convert your XMR back to BTC you may get "tainted" coins again!

In short you want to decide what level of privacy you want to achieve. Obviously using XMR correctly would maximize your privacy but it also maximizes the effort you have to take.
4884  Bitcoin / Wallet software / Re: Keeping coins on Wallets on: April 20, 2022, 02:59:01 AM
For a trusted wallet
Can you use binance?
Because binance has Google 2FA which makes secured more secure, requests when different IP logins, and login email codes
Binance is not a trusted wallet, it's just centralized exchange used for exchanging coins and fiat, not for holding coins.
2fA, IP logins and other bs means nothing if we know the fact that Binance was already hacked multiple times, all documents got leaked and sold on internet.
Many of us could see images of people holding passport circulating in internet for free, so it's obviously not a trusted place.

More or less depends on the user himself, I think everything is safe, as long as we keep the mnemonic pharse from being owned by others
You wont get far with thinking like that, and you can think whatever you want for yourself but don't spread your wrong ideas to other people please.
Mnenomic phrases are not owned by you as a customer if you use any of the centralized services you mentioned before.
It is also worth knowing that centralized exchanges like Binance do not guarantee safety and return of the money you are keeping with them. They will always give you all kinds of fake assurances but in reality they can choose to not pay you in case they were hacked and lost your money. You had also agreed to thtose terms when you signed up!
4885  Bitcoin / Bitcoin Discussion / Re: Are we entering the era of CBDCs? on: April 19, 2022, 03:43:45 PM
To be frank with you, that's a bad take in my opinion. CBDCs could be programmed to be "censorship-money" with a flick of a switch. It will also be easier for the govenment to ban CBDC wallets from sending deposits to exchanges, unlike cash which you can use in LocalBitcoins, or in person.

What the government, and the banks did to the truckers bank accounts in Canada? It can be done a lot simpler/more efficiently with CBDC. With CBDC, the government can control which users' wallets can transact where, and control which merchants' wallets can accept payments from which wallets. They will not do it right away at implementation though. They will market it as "a faster, cheaper and more efficient way of payment" first.
No arguments there but the assumption was about CBDCs that were created and controlled by regimes that aren't considered dictatorships like Canada's or China's. And also another assumption was that cryptocurrencies would be regulated like it is in many parts of the world. Like if Japan created their own CBDC and they already consider bitcoin a currency and have no problem with it being traded.
4886  Bitcoin / Development & Technical Discussion / Re: how to reverse convert || Public-key example : 0x1234 >> 0x4321 on: April 19, 2022, 03:27:12 PM
Reversing the bytes order or whatever type of swapping bits is not going to create a relationship between your two public keys, you still have to multiply the resulting integer by the generator point to compute the corresponding public keys.
4887  Economy / Speculation / Re: Bitcoin Major Support Trend Lines on: April 19, 2022, 07:19:51 AM
Indeed, it's also a valid point. The variation, at least in counted in percentages, is expected to decrease. (Would this mean we will no longer have actual crypto winters? Maybe..)
You raised a good question which I've been trying to find an answer to ever since last year but I'm afraid we can only know for sure after the trend changes for good. So far we are in a completely new trend where the rise was much smaller than previous bubbles and we are in what resembles a bear market but only a much smaller one.
One possibility could be that this trend be as short as it was small. Something like -50% over 6 months instead of -80% over 15-16 months.
4888  Bitcoin / Bitcoin Discussion / Re: Research; The use of Crypto currencies for cyber laundering on: April 19, 2022, 05:25:02 AM
I'm not sure if OP is serious since they created the topic and went away for good but for the sake of argument I' suggest you forget about bitcoin and look into tokens namely NFTs.

Bitcoin is a currency and its market and the price is clear, not to mention the very transparent ledger storing all transactions. It is extremely difficult to launder money using bitcoin.

On the other hand it is not only super easy but it is happening every day using tokens. Here is a simple example with only 2 steps:
1- The money launderer creates a fake and useless token (mostly NFTs)
2- The same person buys that NFT for an unreasonably high amount of dirty money (like $60 million out of nowhere!)
Claims it was a legitimate sale and the received money is clean!

There are numerous examples of NFTs appearing out of nowhere selling something that by no standard should be worth millions of dollars and to make matters more suspicious, there is only one bid on that token buying it for millions!
4889  Bitcoin / Bitcoin Discussion / Re: Resistance of steel plates used as back up on: April 19, 2022, 04:19:06 AM
Most acids you can find in your household are pretty mild and most of them are't going to corrode stainless steel. Although corrosion depends on multiple factors mainly the family the steel belongs to indicates its resistance to different acids and environments. Although other factors could change the result.
For example 316 series are more resistant to environments (eg. underwater) with higher concentrations of Chlorine while 304 series are less resistant.

The other thing I would worry about in a acidic environment is pitting which wouldn't show up if you test the intact plate. Basically your steel backup will have letters "chiseled" on it which is a localized defect and in an acidic environment it could cause pitting which would increase the speed of corrosion.

My question is, do you think it's resistant in an environment with nitrogen (N), and/or potassium oxide (K2O)?
I'm not good at chemistry but these two have no effect on corrosion. I've seen potassium hydroxide be used as an etchant though (which is a solution we use in crystallography to selectively corrode part of the structure so that it can be viewed and analyzed).

I then had a quick search (and clicked the first result Wink ) and found https://link.springer.com/article/10.1016/S1006-706X(10)60090-8.
That's about the existing nitrogen atoms in stainless steel that may be desorbed (removed) from the alloy while it is in a molten state in above 1550 °C which could affect the properties of SS such as its hardness.
It is not about corrosion Smiley
4890  Economy / Service Discussion / Re: Antinalysis - free tool to check the dirtyness of bitcoin address on: April 19, 2022, 03:27:07 AM
I honestly don't see how such a tool is useful at all for regular users.
For starters it is a bad trend that has been going on saying there is such a thing as "dirty bitcoins". If anything we should fight such services instead of advertising them.
Besides as Leo mentioned these tools are more like honeypots created to gather information not to help users. They are building a database of bitcoiners, their addresses and IPs. This could be used to further deanonymize users when combined with other information such as the spy nodes that track IPs and transactions on bitcoin network.
4891  Alternate cryptocurrencies / Altcoin Discussion / Re: Some projects are fated to doom? on: April 19, 2022, 03:14:26 AM
have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails?
It depends on what you define as "hardworking". The scammers who scam a large number of people are also hardworking but that is not proper work and their project is obviously scam and is doomed to fail.
The point is that the project itself matters more than the work the team puts in. If the project offers a very useful utility then even with little work it would have a lot of potential. The reason why all the altcoins have failed to some extent in gaining any kind of adoption (getting pumped and having a big fake market cap is not adoption) is exactly this uselessness.
4892  Bitcoin / Electrum / Re: Electrum Features - Less is More on: April 19, 2022, 02:57:02 AM
Every software developer knows that removing (unused) code makes software less vulnerable because it reduces the attack surface. That's a fact.
Nobody is disagreeing with your "fact" here but what nobody agrees with is your false assumption that there is unused code or features in Electrum that needs to be removed.
Maybe you should explain explicitly why you think a certain feature is unused?
4893  Economy / Speculation / Re: Bitcoin Major Support Trend Lines on: April 18, 2022, 12:24:24 PM
This looks halfway into the crypto winter we had in 2015-2016. And it doesn't feel even 10% as depressing as that one was for me (maybe also because it was my first crypto winter, I know).
If this is indeed the "crypto winter" then we should already be at the bottom of it since considering the rise part leading to the "winter" was tiny compared to previous rises leading to previous "winters".
Which is probably why you don't find it as depressing.

Quote
On the other hand, in 2015-2016 crypto winter the price has dropped to ~13% of the ATH, in 2019-2020 the price has dropped to ~16% of the ATH, now we're only at 48% of the ATH... (of course, there's still time for getting lower, .. but not too much time actually...)
It is also worth noting that 2013 ended with a total of 7100% rise and 2017 ended with 13000% rise while 2021 ended with a total of 2000% rise.
Expecting same percentage drop makes no sense whatsoever! In fact 48% is already too much if we are comparing things.
4894  Bitcoin / Bitcoin Discussion / Re: BTC in the Eye of the Storm, According to Glassnode Co-Founders – Here's why ! on: April 18, 2022, 12:15:12 PM
So has anyone even thought that the reason for the out flow of coins on exchanges, has something to do with the possible increase in legislation on "centralized" Exchanges?
Did any centralized exchange announce that their users are withdrawing their money from their platform?
Or did you just read a tweet/news coming from a scam organization called "Whale Alert" telling you whales are doing it?
LOL

Why should "Whales" keep their coins on Exchanges, if the governments of the world are closing "Russian" wallets in Banks and on Crypto Exchanges?
Do you honestly think after dozens of major centralized exchange hacks where the total is in trillions ($14 billion in 2021 alone was stolen according to Chainalysis) people suddenly woke up and realized it is a bad idea to store coins on CEX because some governments threatened to close down Russian accounts while not even a single bitcoin exchange has ever done anything like that Cheesy
4895  Bitcoin / Development & Technical Discussion / Re: What will happen to Bitcoin Network if the internet shuts down? on: April 18, 2022, 08:49:49 AM
- One country shutting down its own connection to the rest of the world:
The effects on bitcoin network depends on how much of bitcoin hashrate is in that country. So far no country has ever owned a significant enough hashrate that could significantly disrupt the network, in other words hashrate is distributed well enough that it is not going to be a serious issue.
But if something like 51% of the hashrate was in one country that then cuts itself off from the rest of the world, the miners could continue mining bitcoin in that isolated place and have the longest chain in which case by current existing consensus rules that becomes the correct chain and the rest of the world would be on a fork that should be discarded if the connection to that isolated country is back.
But realistically miners would relocate or find a way to connect to the rest of the world and even more realistically no country owns 51% of hashrate to begin with.

- Internet of the whole world "shuts down"
We have more serious things to worry about than what happens to bitcoin!
But a handful of developed countries have ways to not rely on the "internet" and still have a "domestic internet network". I don't know what the network is called but for example where I live the banking system, all servers located inside the country, ... can still continue to function without "internet".
In this case, the nodes inside that network would continue connecting to each other and miners inside that network continue building on their own isolated chains,... and we get a bunch of these small isolated chains.
Later if  the connection comes back, based on current consensus rules we all follow the longest chain (with the most work).

* Note that I use "current consensus rules" because in case of an unpredictable event, some drastic measures have to be taken. So we can't really predict what would happen to bitcoin in a scenario that is very unlikely and as I said more serious concerns would be present.
4896  Bitcoin / Bitcoin Discussion / Re: BTC in the Eye of the Storm, According to Glassnode Co-Founders – Here's why ! on: April 18, 2022, 07:52:32 AM
The co-founders of leading analytics firm Glassnode are warning Bitcoin traders that the current macroeconomic backdrop could ignite another sell-off event for BTC.
- Bitcoin price drops
- Owner of a company sees opportunity to advertise his business
- Owner of the company makes a random statement according to the market direction
- Shitty news sites jump at the opportunity to get some traffic
- A shitty article is published

Quote
that Bitcoin’s correlation to risk-on assets remains high, suggesting that a correction in the US stock market
There has never been any correlation between bitcoin and any other "asset" in the past 13 years. However in the past couple of years some people have been ceaselessly trying to convince everyone there is such a correlation and have succeeded in their agenda as we can see people panic sell bitcoin each time some shitty asset drops. Cheesy
4897  Bitcoin / Bitcoin Discussion / Re: Are we entering the era of CBDCs? on: April 18, 2022, 05:30:55 AM
That is, a complete ban on crypto was introduced. https://www.bbc.co.uk/news/technology-58678907.
Well news agencies like BBC have spread so much bullshit that I never trust them, specially when it comes to news from other countries. So unless you are from China and can clarify this http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/4348521/index.html document by the Chinese government I stand on what I said.
It seems to be saying 1. cryptocurrencies like bitcoin are not legal tender so they can not be used as payment. 2. You are not allowed to run an exchange service 3. You are not allowed to use an offshore exchange service. 4. Any losses you have when investing in cryptocurrencies is on you.

I believe that it doesn't matter how late you are, if you are a big nation then it will be used. Imagine USA starting theirs 3 years after china and Russia, do you really think that people wouldn't use their CBDC anyway?
As I said it depends on the purpose.
For example if it is gov-USD replacing USDT then sure, it doesn't matter when the US gov. gets on board.
But if we are talking about an international payment system and if China succeeds in constructing the infrastructure and get everyone on board then no it would be too late for anyone else trying to get on board. It's the same as 1945 when WWII ended and suddenly USD became reserve currency because US was first mover and succeeded on getting everyone to accept it.
4898  Bitcoin / Bitcoin Discussion / Re: Bitcoin Whale Transactions Spike As $1,046,164,730 in BTC Leaves Crypto Exchange on: April 18, 2022, 04:57:38 AM
This types of "whale alerts" are so funny because they are always searching the chain for a big transaction and then interpret it however they like. For example this same transaction at any other time would have been interpreted as "whales moving coins to exchanges". Basically they have no proof of anything and these transactions are very common!
4899  Other / Beginners & Help / Re: 2FA on crypto wallet exists? on: April 18, 2022, 04:26:08 AM
Wasn't khaled talking about non-custodial non-2fa wallet with multi-sig support? (based from "the closest thing")
In which case, instead of using a 2fa authenticator app, the second cosigner will be on that device instead.
Hmm maybe; but all the 2FA wallets that exist and are considered non-custodial are using a third party. For example Electrum uses 2of3 and the third party is TrustedCoin or GreenWallet uses 2of2 and Blockstream is the third party.

Additionally if the user owns all the keys keeping them on separate devices, it is no longer called 2FA, it is just a multisignature wallet.
4900  Other / Beginners & Help / Re: Centralized Exchange or Decentralized Exchange? on: April 18, 2022, 04:20:00 AM
Cryptocurrency is not yet legal in many countries of the world
You should know that there is a difference between not being legal and not being regulated. Bitcoin is not regulated in many countries but it is still legal.
There are also specific cases in cryptocurrency world that have been banned in some countries. For example buying/selling/owning bitcoin is legal in China but creating or participating in ICOs is illegal.

The real problem is that my country is not a cryptocurrency due to which there is no system of Decentralized Exchange to buy / sell our Cryptocurrency and bring it in its own currency.  That's why we have to lean towards centralized exchanges, so which is the best in such a situation, so I wanted to know your opinion.
Your first sentence makes no sense. Is cryptocurrency illegal in your country or not regulated?
If you in a hand of of countries that have actually banned bitcoin then you don't really have that many good choices since you are breaking the law after all. But if it is the later then any option is a good option.

First educate yourself about how bitcoin works, what wallet is the best and how you can secure your coins.
Then see which CEX you can use depending on where you live that is more convenient. Coinbase is a popular one that many use but they all would require KYC which is a privacy hazard.

There is also always other people in different countries that own bitcoin and are willing to trade. You can find them on the internet, this forum also has a currency exchange board that you can find others to trade with. Keep in mind that you should always use an escrow and educate yourself about the risks.
There is also Bisq that was already introduced.
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