This is not true. First of all, it's not the reason they own your money that diminishes your privacy. It's the fact that the know which are the outputs you own. If by decentralized mixers we mean coinjoin, there's still a party that knows what you own.

Secondly, decentralized mixers aren't more private, that's the problem. If only they were. There's no case, I know, of a person who got traced after they mixed in ChipMixer, which is the most trustworthy and well-known. On the other hand, you can find lots of cases where a coinjoin was just not enough.

There's no purpose to create another useless token for this reason. If you want to ensure you'll own coins in X years, just follow the steps below:

• Create a new seed phrase and derive an address.
• Sign a transaction where you send all of your coins to that address and make it valid after a certain block.
• Lose access to your coins. (Delete the wallet file, destroy the old seed phrase etc.)

Now you have no coins until the block you chose is mined. Needless to say how not recommended this is.

It's used along with the public key, to verify the ownership.

It can't, because in each transaction you need to include the input, which is the id of another transaction (and many other values[1]). Each transaction is unique due to this identifier, which is the id (AKA TXID or transaction hash). You can't have the same signature, because you need to sign an entirely different message each time.

[1] https://learnmeabitcoin.com/technical/transaction-data

Okay, fortunately I turned out wrong. I guess case's closed now.

And what do you want from me? My soul? It's none of our business what you're doing with your money. What do you expect us? To give you investment advices?

Can you access the external drive from Fedora? If yes, have you tried using the datadir parameter?

It should be some sort of /mnt/tmp.

Edit: (datadir can also be set in the configuration file as rightly said above)

Dude, you make no sense. I've tried to concentrate and read this utter nonsense, but it's like a smash in the keyboard. Why do you have to keep appearing here when there's a drop in price? Stop torturing us, please. For God's sake.

We don't disagree, I'm just pointing you out that it's not the same with Bitcoin, because those sudden drops in either the price or the required computational power can redefine the cost.

If 1 BTC is valuated at $40,000, but there's a sudden Chinese black out which affects lots of Chinese pools that contribute by owning a significant percentage of the network's hash rate, the cost of producing 1 BTC will decrease once the difficulty re-targets. But, the price has no reason to change, because the supply has remained the same (it's inflating by 6.25 BTC every ~10 minutes) and so is the demand.

Another example, but with change in demand: If there's a intensive trend of selling, which essentially causes drop in the demand, the equilibrium price will decrease. This, as a consequence, might discourage some miners, temporarily, to continue mining, because their income might have dropped by a lot. It is reasonable to assume that the cost of production remains the same, but it's not. In the next difficulty epoch, difficulty will lower which will decrease the cost.

Sure, cost does affect the market value. All I'm saying is that the value of a product comes from the fact that it satisfies one's needs. The production of it does have a cost which is added in the price, but that's true until there's one who's willing to buy it. If nobody wants gold, no matter how expensive it is to mine it, the valuation won't be greater or equal with the cost.

Take oil barrels as an example. In 20th of April 2020, crude oil prices went negative. The cost was much greater than the market valuation, because the demand suddenly dropped.

You've got your answers, I just want to add you my two cents regarding the way you'll make your purchase. I recently wrote a post where I discourage newbies to use centralized exchanges such as Binance, KuCoin, Coinbase etc. Do me a favor and read it.

You won't keep them on the exchange, I know, you've got perfect answers either way. However, there's no reason to hand out your personal information to such party neither.

3:35: "But, there was also a concern about climate change". Yea, tell that to the bankers.

I expect to see Bitcoin recognition if it ever happens. I can't look forward to using Bitcoin, knowing the torment I'm avoiding. Especially when cash, which is yet the most private way to transact, is replaced by such nonsense.

All the black economy will move into cryptos, lol.

Also,

No, the costs are the costs. The value comes from the fact that there's a demand. If there's no demand for gold, it doesn't matter how much it costs you to extract it from the ground: It's simply valueless.

However, in Bitcoin there's something different. The costs are somewhat connected with the valuation, because of the difficulty, which is a parameter that does not exist in any other asset. If the demand rises by a lot, it brings more competition into mining which makes it, in consequence, more expensive to mine 1 BTC. Oppositely if the demand drops by a lot.

The canon is the canon, though. If there's no demand, there's no market value, despite of the costs.

I'm bumping this. Also, Ratimov, could you please include one of my recent threads[1] to the encyclopedia? Thanks!

[1] Newbies: Don't use centralized exchanges!

No.

The hash of a string is different than the hash of the bytes of the string. As you said, hash function takes the input in binary format. If you hash the hex "abcdef", you'll get:

Respectively, to hash the string "abcdef" you'll have to convert it first to binary.

Well, I explained it a little bit in the OP.

This is irrelevant.

So why did you post the exact same thing ("R") in less than a minute after GeorgeJohn? Shouldn't one consider this suspicious?

---

As I've already said, I don't have anything against you two. I'm just speaking out some coincidences. I don't expect anyone to take me seriously.

I changed the link to a list of P2P/no-KYC exchanges.

Whether you're here to learn more about Bitcoin, or just to trade and make a few bucks, please read the text below.

---

Besides an innovative payment system which works without borders, more efficiently and practically, Bitcoin is here to make you sound. It's giving you what corrupted governments try constantly to take away from you: Financial sovereignty and self-control.

But, do not expect it to make you gain these alone. Bitcoin is just a currency, which means it's apolitical. All these ideals come from the fact that you've taken the time to understand the drawbacks of the traditional banking system and how disastrous a central point of failure can be.

Don't use a centralized exchange, for a number of reasons.

• You're about to be dictated of where your money is allowed to go. [1][2]
• You're about to be charged unbearably high fees. [3]
• You're about to be "blackmailed" to deliver private information to have your coins unfreezed. [4]
• You're about to be censored. [5]
• You have no privacy. [6]
• The exchange can go bankrupt and you lose everything. [7]
• You're making the Bitcoin economy susceptible to manipulation. [8]

[1] Coinbase says it’s blocking 25,000 Russia-linked crypto addresses
[2] Binance To Ban Singapore Users From Crypto Trading And Buying On Its Global Platform
[3] Binance Earns More Than $20,000 per Day Overcharging on Transaction Fees
[4] popular exchange extortion and blackmail
[5] Re: Centralised Exchanges are the Biggest Enemies of Bitcoin
[6] Goodbye, privacy, goodbye, it was nice while it lasted.
[7] When Crypto-Exchanges Go Broke, You’ll Lose It All
[8] Re: Newbies: Don't use centralized exchanges!

Instead, exchange decentrally.

We encourage the use of decentralized exchanges such as Bisq (or others) that operate transparently. There's no KYC, no danger from centralized exchanges' hacks, no oppression by a third party; it's as private, secure and censorship-resistant as it could be. Escape the arbitrary ruling enforcement of the corrupted Binance, Coinbase, KuCoin etc., today!

You defend your rights the moment you start using it. Educate yourself: Why Bisq exists.

This is what I'm saying. If they don't comply with my rules, which is much more usual with big businesses, I won't buy from them. There may be alternatives, but I won't get the same quality or the same quantity for the same price or even the same product as it may monopolize etc. Again, it's not as simple as "No privacy, no honey.".

I agree, we should play our part; it's personal responsibility in the end. I wonder, though, how much can those few affect.

I have heard of a time machine lying around this sub-board, but it's probably just a rumor. Sorry, but it takes some time to be careful riding with no hands and typing at the same time.