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61  Bitcoin / Development & Technical Discussion / Re: Bitcoin Security vs Quantum Computing on: June 04, 2020, 10:49:12 AM
Thank you all very much for the informative replies. Truly educational!

If I had more sendable merit, I'd be spreading it around this thread.
62  Other / Off-topic / Re: Mass Protests across the USA (George Floyd) on: June 04, 2020, 08:13:42 AM
This was probably a catalyst or a "wake up" moment for Americans that racism does indeed exist in America and is prevalent and clearly evident amongst law enforcement. There are many many videos on Youtube showing racial injustice at the hands of law enforcement.

It seems to be a cultural thing going back a few hundred years to the times of slavery. Will be impossible to 'solve' this by charging a few cops and passing a few laws. It will take a generation or so to truly bridge the divide.
63  Other / Politics & Society / Re: NSA, CIA, IRS, DHS, ATF, FBI, GCHQ, Federal Reserve, ISIS are Terrorists on: June 03, 2020, 05:07:32 AM
Not surprised to see such posts here. 

They should make a TV show like America's Funniest Videos or Girls Gone Wild - Conspiracy theories gone wild! From sharks with frikkin' laser beams attached to their heads, to 13 reptile families controlling the human race, there is so much material, I'm sure it would run longer than Seinfeld and Friends combined!!  Grin
64  Other / Politics & Society / Re: [FACTS] The Hacker Group Known as Anonymous on: June 03, 2020, 04:52:52 AM
@Krislaw I didn't even knew such a group existed till now, and after reading what all they have done in the past I’m really concerned about what they’ll do this time round. While I’m all in for justice being served if someone’s committed a crime which deserves punishment, but handing such power to an organisation like this is scary as they won’t follow any legal procedures, and they will do more harm than good in my personal opinion.

Have you been living under a rock for the past decade?

No one handed them power, they took it, thats what hackers do. They take things and hold you hostage to them (ransomware, etc).

Anonymous is a hacktivist group by which individuals across the globe can promote access to information, free speech, and transparency.

For those interested, they also have a financial research arm Anonymous Analytics - http://www.anonanalytics.com/p/blog-page_9.html

Most recently, it was claimed they hacked the Chicago Police Dept's scanners and played NWA's Fuck The Police on their frequency amidst the #blacklivesmatter protests - https://www.youtube.com/watch?v=ddWrzkFdpD0
65  Other / Politics & Society / Re: Riots after Death of Man in Minneapolis Police Custody on: June 02, 2020, 11:14:03 AM
some of the crazier stuff seen in the past few days:

66  Other / Off-topic / Re: Which company's phone and laptop do you use? on: May 31, 2020, 01:53:20 PM
Been using Lenovo Thinkpad's and Xiaomi phones for the better part of a decade now.
67  Other / Off-topic / Re: Interesting way to resist sexual lust on: May 31, 2020, 01:34:50 PM
Lust is a terrible addiction. Even if not addicted to sex, one can be addicted to porn and masturbation.  It is not healthy like any other addiction.
68  Other / Off-topic / Re: Covid Jokes on: May 31, 2020, 10:15:47 AM
A few jokes here: https://youtu.be/piq4l5SV1y0

69  Other / Off-topic / Mass Protests across the USA (George Floyd) on: May 31, 2020, 10:05:58 AM
Over the past days, we have seen the protests over George Floyd's death spread all across the United States from Minneapolis to Dallas to New York to Philadelphia to Atlanta and beyond.

I have tried to compile a series of videos and tweets that depict the actual situation on the ground over the past 24 hours.

Minneapolis: https://www.youtube.com/watch?v=-Tbk8_ueof8
Atlanta: https://twitter.com/i/status/1266918371125231618
Virginia: https://twitter.com/i/status/1266949211603513344
Delaware: https://twitter.com/i/status/1266895221725499392
Oakland: https://twitter.com/i/status/1266888983604342784
Seattle: https://twitter.com/i/status/1266884688435650561
Miami: https://twitter.com/i/status/1266876497547198464
Unknown: https://twitter.com/i/status/1266938702569320449
Wisconsin: https://twitter.com/i/status/1266932178082050048
Salt Lake City: https://twitter.com/i/status/1266873365089996800
Dallas: https://twitter.com/i/status/1266927636992884737
Chicago: https://twitter.com/i/status/1266913942191984643
Nashville: https://twitter.com/i/status/1266905933818535943
Beverly Hills: https://twitter.com/i/status/1266877458625761280 ('Eat the Rich!')
New York City: https://twitter.com/i/status/1266931849168932867 (Union Square)
                                https://twitter.com/i/status/1266898708223987712
 

Also observed are a few anomalies who don't run with either crowd but try to forge their own path:

Bow & Arrow Guy:
https://twitter.com/i/status/1266904401769385986 (b&a)
https://twitter.com/i/status/1266884385854255104 (b&a)
https://twitter.com/i/status/1266954263558680577 (with a machete)
https://twitter.com/i/status/1266915543069712384 (him)
https://twitter.com/i/status/1266886517600870401 (his car)


Batman:
https://twitter.com/i/status/1266908770283765761
70  Bitcoin / Development & Technical Discussion / Re: Bitcoin Security vs Quantum Computing on: May 31, 2020, 06:47:16 AM
so far the estimations i have seen are in the matter of 20 to 30 years.

so that article that says 2-3 years is wrong ?

also, if and when QC becomes more easily available, wouldn't bitcoin devs consider 'upgrading' the encryption to QC proof, or is that already completely set in stone for BTC ?
71  Bitcoin / Bitcoin Discussion / Re: Craig Steven Wright - Satoshi, MtGox Hacker or just a fraud ? on: May 30, 2020, 05:40:45 PM
He is just an attention seeking fraud, nothing more.

Someone signed a message a few days ago calling Craig a fraud from 145 addresses Craig claimed were his in the Tulip Trust.


72  Bitcoin / Bitcoin Discussion / Re: Bitcoin Pros and Cons on: May 30, 2020, 07:38:28 AM
Pro: Decentralization / trustless

Con: Lack of simplicity for users (signing addresses, etc still a bit technical)
73  Bitcoin / Development & Technical Discussion / Re: Bitcoin Security vs Quantum Computing on: May 28, 2020, 01:45:00 PM
Nuclear lock codes anyone?  Smiley Wink Wink

Fair enough!  Grin
74  Economy / Economics / Re: @GoldmanSachs:“Implications of Current Policies for Inflation, Gold and Bitcoin" on: May 28, 2020, 05:55:38 AM
Thanks very much for sharing the information and resources.

These guys are such nincompoops, as @bkbirge stated, cherry picking data to support a foregone conclusion they've already made before they began to populate Slide 1.

To keep things in perspective, they should compare the numbers for Ponzi schemes with those that run on Wall St, similarly should compare the $ values of money laundering via crypto to that conducted by the banking industry (maybe to GS' own ML desk). Safe to say - f*ck these nincompoops!
75  Bitcoin / Development & Technical Discussion / Re: Bitcoin Security vs Quantum Computing on: May 27, 2020, 07:03:06 AM
I fail to understand how programming can mitigate this risk.

By changing the encryption to quantum-proof cryptography. There are several sources to learn about how we can face this, just take a little bit time to read (eg: https://en.bitcoin.it/wiki/Quantum_computing_and_Bitcoin).

Thanks, I will read and try to understand this better!
76  Bitcoin / Development & Technical Discussion / Re: Bitcoin Security vs Quantum Computing on: May 27, 2020, 05:49:58 AM
In brief, the article states:
- A 4,000 qubit quantum computer could, theoretically, crack Bitcoin's encryption in a matter of seconds.
- The current generation of quantum computers max out at 54 qubits.
- A quantum computer capable of cracking Bitcoin's encryption could be just two years away.

I suppose BTC has a few years still to program it's way out of this risk, however I fail to understand how programming can mitigate this risk.
77  Bitcoin / Development & Technical Discussion / Bitcoin Security vs Quantum Computing on: May 26, 2020, 05:38:57 PM
I read an article recently again claiming that within a few years, quantum computers will be easily able to crack BTC encryption: https://decrypt.co/28560/quantum-computers-could-crack-bitcoins-encryption-by-2022

Any thoughts on the above?
78  Economy / Gambling / Re: 🚀 Sportsbet.io - Main Club Partner of Watford FC ⚽ Fun. 🏀 Fast. 🎾 Fair. 🏆 on: May 26, 2020, 05:09:42 PM
Thanks for these tournaments, sure are fun!
79  Economy / Economics / Re: How Will the current pandemic affect the crypto market? on: May 26, 2020, 01:58:27 PM
The idea that bitcoin was completely uncorrelated with the rest of the market and could potentially act as a safe haven during times of economic trading market. Blockchain intelligence firm Psychoanalysis has found that the COVID-19 pandemic and global economic contraction is affecting Bitcoin consumer habits in surprising ways.

Basic price analysis could tell you that bitcoin is viewed as a very high risk asset compared to traditional financial asset classes. There is no right or wrong, its just what investor perception is.

After equities sold off heavily in late Feb - mid March (falling from ~3300 to ~2200), BTC waited a few days but followed suit in an even more volatile fashion (falling from ~10,300 to ~5000) in a matter of days.

Clearly, when investor sentiment is risk-off, they are not hodling BTC, its only the die-hard cypherpunks and tech nerds and 'moon' boys that continue hodling.
80  Economy / Economics / Re: There's no way this is a "V-shaped" recovery... right? on: May 26, 2020, 01:48:15 PM
Do we really believe that the Americans people and politicians are willing to sacrifice and face hardships for a decade?

I strongly feel they will continue to print money to prop up this house of cards, and by the time it really starts to fall, the big guns will come out.

Look at Japan. Worst debt to GDP ratio in the world. Their endless public spending and bailouts caused two decades of stagnation, contraction, and wage losses.

Lots of US businesses, no longer sustainable in a deflating economy, are being pumped full of debt through a combination of bailout loans and Fed junk bond buying. If this band-aid solution doesn't work and bad debt spills into a banking crisis, the situation begins to look a lot like Japan in the early 1990s:

Quote
The financial institutions were bailed out through capital infusions from the government, loans and cheap credit from the central bank, and the ability to postpone the recognition of losses, ultimately turning them into zombie banks. Yalman Onaran of Bloomberg News writing in Salon stated that the zombie banks were one of the reasons for the following long stagnation. Additionally Michael Schuman of Time magazine wrote that these banks kept injecting new funds into unprofitable "zombie firms" to keep them afloat, arguing that they were too big to fail. However, most of these companies were too debt-ridden to do much more than survive on bail-out funds.

Quote
In response to chronic deflation and low growth, Japan has attempted economic stimulus and thereby run a fiscal deficit since 1991. These economic stimuli have had at best nebulous effects on the Japanese economy and have contributed to the huge debt burden on the Japanese government. Expressed as a percentage of GDP, at ~240% Japan had the highest level of debt of any nation on earth as of 2013. While Japan's is a special case where the majority of public debt is held in the domestic market and by the Bank of Japan, the sheer size of the debt demands large service payments and is a worrying sign of the country's financial health.

https://en.wikipedia.org/wiki/Lost_Decade_(Japan)

What I'm saying is, maybe the house of cards won't fall. Maybe we'll just have a brutal decade of deflation, a shrinking economy, falling wages, tight credit, etc. and a ballooning public debt....... and life will go on. That's what happened in Japan anyway.

And what I'm saying is that, the US government will never allow massive deflation such as Japan to occur. They don't need to, since they have the biggest gun in this movie. Who's gonna go and collect debt from an armed thug?  Imagine 1 Euro = 50$ US, or 100 YEN = 100$ US - can you? I surely can't. I'm quite sure they will try and invade a few more countries, try and siphon off Venezuela's oil, and keep trying to live on the same pattern of unsustainable consumption at other's expense that they have been used to for decades.

The rest of us are in for a decade of war rather than deflation.  Just my 2 cents.
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