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521  Economy / Economics / Re: Coinbase VS Binance Valuation - is Binance way undervalued? on: April 28, 2021, 04:03:08 PM
Therefore, Coinbase is still the name attending the party at Nasdaq.
By the way, if anyone does not know, Coinbase immortalized its listing on the blockchain: F2Pool mining pool included in block #679187 the title of the article «House Gives Final Approval to Biden’s $1.9T Pandemic Relief Bill Mine» by The New York Times dated March 10, 2021. Devil's Tablets of History.  Cool


In some ways what is happening today is much worse than what was happening in 2008/9 when bitcoin was created. What is being pushed today is far more radical than what was happening in 2008/9. I wouldn’t be surprised to see something similar to bitcoin being released that similarly changes how interactions are conducted.
522  Bitcoin / Development & Technical Discussion / Re: Sending locked coins on: April 27, 2021, 02:13:44 AM

The purpose is to give Bob proof that Al has enough coins to complete the transaction, and to be sure that he won't spend them.

You can have Bob provide a specific signed message confirming he has sufficient bitcoin to complete the transaction. This will not prevent Bob from spending said bitcoin.

The problem you describe is common for high value transactions. If you are selling anything on the internet, you should expect to deal with a lot of time wasters. You can keep an item listed for sale as long as you have not received payment for said item, and make it clear the item will remain listed for sale until the item is paid for.

It should be possible to allow for a type of n-lock time transaction whose outputs are only spendable after n-blocks after the transaction confirms. I don't see many use cases for this type of transaction, so I am not sure there would be consensus for this type of change.
523  Economy / Services / Re: Free BTC transaction accelerator! on: April 26, 2021, 01:13:14 AM
Why exactly should anyone use your service when actually everyone has access to free tx accelerators? To be honest with you I have my doubts that you are just trying to get some easy earned merits there.
I have seen a number of people post that they had just submitted a "stuck" transaction to viaBTC's free acceleration portal and receive merit on their post. I think it could be a combination of wanting to get to make a post, and of trying to get additional merit.

viaBTC does have a limit that resets every hour, so I guess someone who writes a script that goes to their portal every hour, on the hour and submits transactions is providing some sort of service.
524  Economy / Exchanges / Re: Poloniex SupporT! Please Help Me!! (Accidentally deposited BTC to USDT wallet ) on: April 26, 2021, 12:18:11 AM


I want to know normally how long this recover process takes to finish ? I mean 1 month is normal for this. 

I am wondering because of I have very little technical knowledge
..
Why does it take so long? Is it a very difficult process?

Thanks everybody.

The process itself is not difficult. The difficult part is doings it in a way that protects the private keys of the exchange. Most likely, the private keys of the various coins they support are kept separate, and the devs probably need to perform ETL tasks to move the private keys from the infrastructure of one coin to another. This is most likely done on an ad-how basis, and many tests and approvals will likely be needed to ensure that no information is leaking and that customer money is kept safe.

I would anticipate a delay lasting months, hopefully it won’t be that long. You should follow up with them periodically. Posting in this forum will not accomplish anything.

Hi, Thank you for your answer..

I know that posting here will not solve my problems, but I learned lots of think from another users. I'm just trying to find the safest way. I don't want to regret later why I didn't do this.

Thanks..
I would encourage you to remain patient and follow up with the support team periodically. I would say that following up more than once per week is probably excessive. You can keep your thread updated as well if you want, but doing so won’t do anything to speed up your case.
525  Other / Politics & Society / Re: JOE BIDEN wants to DOUBLE your TAXES on BITCOIN gains! on: April 24, 2021, 04:09:07 PM
This is not a good way to grow the economy. The additional taxes will force investors to use a higher discount rate when making investment decisions. This will lead to less money being invested into businesses, including wages for employees.

This is not just for gains on bitcoin by the way, it is for all investment gains, long term and short term.

 Seems like the Biden administration is buying into their own rhetoric.  The economy is obviously overheating and therefore ripe for the picking.

Biden: “The first two months of our administration, we’ve created more jobs than the first two months of any administration in American history.
Well to be clear, these jobs gains have nothing to do with Biden or his policies. These job gains are due to Trump's policies that are still affecting the economy. Biden will no doubt take credit for these job gains, and will blame Trump when his policies start to affect the job market.



Are you hoping people don't click the link and realize it doesn't have much to do with the title of this thread?  Easier to just believe the yelling headline.
Bien is not just trying to tax gains on bitcoin, but gains on all long term investments. Interestingly, he is not calling for an increase in taxes on kickbacks to corrupt politicians. 
526  Bitcoin / Mining speculation / Re: $100 billion to be invested to increase chip fabrication capacity! on: April 23, 2021, 09:09:03 PM
the last paragraph in the articles si the real question:

Quote
It’s unclear how TSMC -- with $28 billion of cash and equivalents on its balance sheet at the end of December -- intends to finance that record outlay, which underscores the enormous capital required to stay at the forefront of the industry.

100 billion in ten years of net income according to the last statements, 2020 came with an increased demand for chips but will this pace continue for the next years at the same rate? Of course, there is a lot of demand but will not this continuous growth start stalling at one point?
Of course, they probably have a well-written plan, with far more details than we could ever acquire reading newspapers.
TSMC is planning on investing $100b over three years. To finance this capital expenditure, they will need to either sell stock, or sell bonds/debt, or form some kind of partnership with another entity that foots the bill. TSMC apparently has not disclosed how they will pay for the capital investment.

As for Bitmain, they've already managed to get TSMC angry with that recruiting, maybe the way to get cheap chips is to fill in the queue with another producer who has been left with no clients by TSMC. And we will see no cheaper gear as long as people buy it for 4 times the launch sale value, so unless the BTC price goes down 4x..oh no, better not!
IMO, the lack of production capacity of new miners, along with the high price is driving the prices of miners. Difficulty has not kept up with advances in ASIC technology for SHA256 mining, and the price of bitcoin
527  Other / Politics & Society / Re: JOE BIDEN wants to DOUBLE your TAXES on BITCOIN gains! on: April 22, 2021, 11:21:52 PM
This is not a good way to grow the economy. The additional taxes will force investors to use a higher discount rate when making investment decisions. This will lead to less money being invested into businesses, including wages for employees.

This is not just for gains on bitcoin by the way, it is for all investment gains, long term and short term.
528  Economy / Exchanges / Re: beware of bnktothefuture.com on: April 22, 2021, 11:12:27 PM
I was able to cash out of my investment in bnktothefuture. IIRC, I was asked to complete KYC verification at the time of investment, and had to verify information similar to what I originally verified several years later.

yes, similar story with me, I was deemed compliant(and I know that I still am, and they should be too) and was able to invest two years ago , I provided exactly the same docs now. but these failed to get re-validated by their external provider and after three months now some of my docs are outdated and different(and issuing the proper ones now requires me to go to another country). and the fuckers just have no idea how to escalate and prioritize and follow trough. (and in case they do know what they are doing, its definitely a scummy outfit)  

If you are trying to use expired documents to complete KYC verification, they will probably not accept these documents. Getting updated documents may be inconvenient, but I understand why they would need this from a compliance standpoint.

I would hope you understand why they need current KYC documents. I don't think you would appreciate it if your bank allowed someone with your old expired driver's license to withdraw cash from your account.

I have found their support to be not very good, and generally did not have a good experience with them. It took years for bnktothefuture to roll out a secondary market, and I believe caused investors to miss out on a bull run peak.  
529  Economy / Exchanges / Re: Alternative to Coinbase? on: April 22, 2021, 06:27:08 PM
Other than trading in an airport (past security), there will always be the risk that the other party claims to have a gun in his pocket that is being pointed at you if you don't comply. To any bystander, or any CCTV camera, the interaction will be nothing more than two people talking. In this case, even a weapon of your own will not do much to protect you if you don't want to risk getting shot in the process.
I mean, sure, that risk always exists, but you also accept the risk of someone with a hidden gun threatening you for money every time you leave your house. How do you know the guy standing behind you in the queue for the ATM isn't waiting to rob you? How do you know the guy standing outside the bank isn't waiting to rob you? I would argue you are at far more risk when you withdraw cash alone from an ATM on a quiet street at night time then when you and a friend organize to meet someone in the middle of the day in a busy shopping mall.
When taking money out of the ATM, the person will not know the exact amount of money you have. If you are selling to someone face-to-face, your trading partner will know exactly how much money you have.

When I wrote my post, I was referring to someone who is trading fairly large amounts.
Quote
You can also start with small amounts and trade with the same person repeatedly over time to build up trust.
That is one good option, yes.
530  Other / Politics & Society / Re: Virginia Police Officer Fired After Making A Donation on: April 22, 2021, 12:26:58 PM
So basically he was fired because of his political ideology.
Not his ideology, but his action. If a police officer thinks that someone who is on trial for homicide is innocent, that's one thing... if he actively funds them, that's obviously different. Especially given the Jacob Blake context, and the wider George Floyd / BLM context. Don't you think it makes it look like the police department is full of white supremacists?
I don't think there is any evidence that Rittenhouse is a white supremacist. I am also not aware of any evidence that suggests that Rittenhouse was doing anything other than trying to protect a local community. 
I understand that if the donation had been to someone from BLM he would not have been fired.
I imagine it would depend on the situation. Perhaps if he'd donated to BLM the group rather than an individual, he might have been fine, or he might have got in a bit of trouble.
But if he'd donated specifically to a BLM individual who was on trial for gunning down innocent people in the street... then I think he would still have got fired.
The US Vice President openly tried to get people to donate to a bail fund for people who were arrested for rioting and related charges. There were dozens of people killed in these riots, and hundreds (if not thousands) of businesses burned down by these rioters. 

I also don't think any of the people Rittenhouse shot were in any way innocent. They were all trying to harm Rittenhouse.
531  Bitcoin / Bitcoin Technical Support / Re: Any solution to broadcast with reduced fees? Maybe any other suggested network? on: April 22, 2021, 12:19:44 PM

You could use some kind of "wrapped" bitcoin that uses another blockchain, and is easily convertible back to bitcoin. The problem with this is that you are essentially forcing your payees to bear the cost of the fees.

ETH (which host "Wrapped" Bitcoin") also have high tx fees, while Bitcoin on sidechain (such as RSK/Liquid) have very few user with very few wallet software option.
I was referring to wrapped tron, which might allow for something similar to bitcoin to be sent to those the OP needs to send bitcoin to. However, like I said, doing so would essentially be pushing the fee to be paid by the recipients if/when they ever want to spend their money.
532  Bitcoin / Wallet software / Re: Is it Possible to Guess a Private key of Bitcoin Paper Wallet? on: April 22, 2021, 05:24:49 AM
For just knowledge purpose, I have created two paper wallets by using the same website btc-paper-wallet.com twice in one minute.
Don't use this website. It appears this website will not generate private keys on the client side (on your computer), but will rather generate the private keys on their server. Your private key will also be known to the owner of api.qrserver.com, if different from the owner of the website you are using.

So, can you please suggest a safe and secure site that is 100% trusted?
You can consider using bitaddress. You can generate a paper wallet offline while using the site offline.

I would suggest that you not use a paper wallet until you have some experience using bitcoin, and you are confident that you have a solid understanding of how bitcoin works, including things such as private keys, importing private keys, and the importance of backups.
533  Bitcoin / Wallet software / Re: Is it Possible to Guess a Private key of Bitcoin Paper Wallet? on: April 22, 2021, 04:15:08 AM
For just knowledge purpose, I have created two paper wallets by using the same website btc-paper-wallet.com twice in one minute.
Don't use this website. It appears this website will not generate private keys on the client side (on your computer), but will rather generate the private keys on their server. Your private key will also be known to the owner of api.qrserver.com, if different from the owner of the website you are using.
534  Other / Beginners & Help / Re: Lightning bitcoin payment on this forum on: April 22, 2021, 04:06:27 AM
Or is lightning payment not yet safe?
That may be a small reason at this point but the main reason is that using LN doesn't make sense here. LN is useful if you are going to send/receive multiple payments with the channel you open. But if it is a one time payment every week/month then it makes no sense and it also costs more than the on-chain transaction.

Lets say your signature campaign wanted to do this, they have to:
1. Open a channel for this week/month 's payment which means sending an on-chain transaction to that channel (fee #1)
2. Send out the payment to each user on LN (a tiny LN fee for each tx)
3. Close the channel since there won't be any payment until next round (fee #2)
4. Each user (or at least most of them) that receives the payment has to close their channel and move the coins to their wallets (fee #3)
This means using LN in this case replaced 1 on-chain fee with 3 on-chain and a tiny LN fees which makes no sense.
Fee #2 will not be necessary because the payor can receive a LN payment to make the following week's payment. Similarly, Fee #1 will only be required the first time a payment is made.

Fee #3 will apply to anyone not intending on keeping the bitcoin in the LN network, in which case a LN payment would probably not be appropriate.
535  Economy / Lending / Re: $55 loan with Collateral on: April 22, 2021, 04:00:51 AM

i agree with these terms
Go ahead and send the $65 in litcoin to the above address, and post the bitcoin address I need to fund the loan to.

Thanks.
536  Bitcoin / Bitcoin Technical Support / Re: Any solution to broadcast with reduced fees? Maybe any other suggested network? on: April 22, 2021, 03:47:31 AM
You could use some kind of "wrapped" bitcoin that uses another blockchain, and is easily convertible back to bitcoin. The problem with this is that you are essentially forcing your payees to bear the cost of the fees.

Setting the fee to 30 sat/byte is probably below the lower bound fee rate at which you should expect to have your transaction confirm anytime soon. The reality is that fees for sending on-chain transactions is very high currently.

Others have mentioned that you can send a single payment after a month that represents 4 weekly payments. I think this is probably the best option, and would effectively reduce the fee you are paying by 75%.

If any of your participants are willing to accept a LN transaction, you can pay via LN, but I would say that you should not force this. You can add incentives for accepting a LN payment, such as offing a small bonus.
537  Economy / Exchanges / Re: Alternative to Coinbase? on: April 22, 2021, 03:36:01 AM
It might also be a good way to find yourself becoming a victim of a $5 wrench attack.  If it was just for a few hundred bucks, then okay that may be a cool way to trade bitcoin, but I wouldn't take this risk for anything over a couple grand.  YMMV.

I guess I'm kinda skeptical about informing complete strangest that I own bitcoin.  Other than my immediate family and few very close friends, the only people who know I'm into bitcoin are you lot.
There are a number of methods you can use to trade bitcoin in person for cash while still maintaining your privacy and security. I've done a number of trades with complete strangers which have gone smoothly.

  • Only trade with someone in person who has a history of numerous trades and plenty of positive feedback.
  • There is no requirement to share any personal details with them whatsoever. Simply pick a time and place to meet, and some sort of physically identifying information (I'll be wearing a blue Yankees cap, for example).
  • Meet in a public place with plenty of other people around. You can also go for somewhere with lots of CCTV if you like such as a big shopping mall or a major travel hub (such as an airport). You can also meet directly outside a bank which either the BTC buyer can withdraw cash from immediately prior to the trade, or the BTC seller can deposit cash to immediately after the trade. Doing this eliminates the risk of counterfeit bills.
  • Bring a friend with you. If legal in your jurisdiction, bring something for self defense.
  • Only take with you the exact amount needed to complete the trade, be it in fiat or BTC.
Trading in an airport, past security would help with protection from theft from your trading partner, but might risk theft from the government (via asset forfeiture) if you are dealing with large amounts.

Other than trading in an airport (past security), there will always be the risk that the other party claims to have a gun in his pocket that is being pointed at you if you don't comply. To any bystander, or any CCTV camera, the interaction will be nothing more than two people talking. In this case, even a weapon of your own will not do much to protect you if you don't want to risk getting shot in the process.


My suggestion to the OP is to wire money to coinbase as opposed to sending it via ACH. This will speed up the time the funds will be available for withdrawal. Other than my suggestion, there is really not much that can be done to speed up funds availability without sacrificing cost, an ATM for example will take a (usually large) spread or fee.
538  Economy / Lending / Re: $55 loan with Collateral on: April 22, 2021, 02:43:31 AM
in need of $55 in bitcoin will pay back $65 in one week
have Collateral: $65 in litecoin
I can help you with this.

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512

Terms:
bitfinex exchange rates will be used.
Loan amount: $55
Repayment amount: $65
Due date: April 30, 2021
Repayment address: bc1qruh36ap8n6ufhvgtxa9kglrmtm0338fdgflv80
collateral: $65 in litcoin
collateral will be held by: Quickseller at: LbjJmPBrqPdUHWJ8Re3bj13mFpt7wgaKTQ
loan will be funded to: address posted by mbuk81
collateral will be return to mbuk81 at the address of his choosing upon repayment in full by April 30, 2021. If the loan is not repaid in full by this date, absent an agreed upon extension by Quickseller, the collateral will become the exclusive property of Quickseller and mbuk81 will be relieved of his repayment obligations
-----BEGIN PGP SIGNATURE-----

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539  Other / Meta / Re: Get Notified when quoted - on forum feature on: April 22, 2021, 02:35:03 AM
I haven't looked at the new forum software in depth, but I can assure you that it does not use JS based frameworks on the front end. The new forum software ultimately will have a div that displays the post content, just as the current SMF forum software does.

False. It does not render shit without client-side JS.
That is surprising. I guess that means those who want to avoid using JS will have to use the API, or a framework that leverages the API.
540  Other / Beginners & Help / Re: Lightning bitcoin payment on this forum on: April 22, 2021, 02:31:35 AM
Or is lightning payment not yet safe?
Yes LN payment is safe. The current bitcoin economy does not currently allow for LN payments to be efficient.

In order to receive a payment via LN, you need to either have spent money on LN or have someone else open a channel with you that gives you inbound capacity (usually for a fee). Also, if you receive a payment via LN, it will generally mean you intend to spend most of that payment in the near term, otherwise you will deplete, and eventually exhaust your receiving capacity.

Some bitcoin merchants accept LN payments, but most do not. Personally, I would be open to receiving LN payments if I had inbound capacity, and intended to spend bitcoin at a merchant that accepts LN shortly after receiving the payment, but absent these two requirements, I would tend to prefer an on-chain transaction. 
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