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6281  Economy / Speculation / Re: Comparing bitcoin halvings - 2012 to 2020 on: December 15, 2021, 02:43:26 PM
@OPs prediction for 2022 is likely but I'm looking forward after the next halving by 2024.
2024 and next halving is too far away. We either continue on the same cycle trend which means price has a lot more to gain before it starts crashing down or this marks the end of the 4-year cycles in which case we are still going to see rises but not nearly as much. $100k by first half of 2022 would my guess in second scenario.
6282  Bitcoin / Bitcoin Discussion / Re: Fed To decide the future of assets purchasing 14th December on: December 15, 2021, 10:49:49 AM
So many Bitcoin traders are now lineup waiting to see the information that will be conveyed by the fed
It's such a sad commentary of people who haven't even understood what the hell they were buying. They are waiting for a centralized corrupt government agency to tell them what to do instead of dumping their ever inflating fiat for the only decentralized currency in existence.
6283  Bitcoin / Development & Technical Discussion / Re: Developer: Write code to generate all possible private keys on: December 15, 2021, 08:13:10 AM
If I am not mistaken, you are describing the amount of space required to store all private keys as 32 bit integers. Most private keys are numbers that are greater than 32 bits.
Bitcoin private keys are 256 bits or 32 bytes.
The total number of keys in "range 64" (which I assume dextronomous meant between 1 and 264 like the puzzle people love these days!) is 264 (-1 which we ignore) and each of them are 32 bytes so we multiply total with 32 to get the total size in bytes.
6284  Bitcoin / Development & Technical Discussion / Re: Developer: Write code to generate all possible private keys on: December 15, 2021, 07:07:06 AM
when will that be feasible? probably not in the next 10 years right?
I don't really follow hardware development to be able to give an informed response but considering that over past 10 years we've gone from about 60 TB to the maximum 100 TB SSDs which is roughly a 2x rise, I don't see how a revolution could occur in the next 10 years that could increase this maximum capacity 5.9 million times!
6285  Bitcoin / Bitcoin Discussion / Re: "Only invest an amount you can afford to lose" on: December 15, 2021, 04:51:48 AM
The network is the same today as it was a year ago when the price was only $10,000.
It's "the same", except we literally have public companies and an actual country holding bitcoin in their balance sheets now.
Technically the "network" is not the same either Tongue
We've had a soft fork that added a new witness version and opened bitcoin up for new possibilities and increased scalability to some extent as people are now using Taproot.
The hashrate has gone up so the network is more secure. It has also spread more which means increased decentrailzation.
Same thing about number of nodes which have grown all around the world.
We have also seen tremendous growth in lightning network (overall adoption, increased number of nodes, capacity and channels).
6286  Other / Beginners & Help / Re: Can we talk about airdrops? on: December 15, 2021, 04:13:26 AM
Any way we normal human beings can install this sh!t?
Try reading the README.md file that shows up when you click on the link. There is an installation section that has direct links to where the extension can be downloaded from like the Firefox add-on website if you are using Firefox browser!
6287  Other / Archival / Re: Don't send your personal data to anyone in PM on: December 15, 2021, 04:01:43 AM
Well, yes. That works great if you have available the public key of the receiver. But if you're sending data to a person that doesn't have a public key (or a newbie), then using a service like privnote is great, as it just works for anyone in the world.
On a bitcoin forum, trading stuff with bitcoin they should have a bitcoin wallet which means they also have a public key which can give the other person to encrypt the data with. If people take encrypting their data more seriously and it becomes a habit, other wallet software will add the same encryption methods as Electrum. You can also ask them to add the new feature so that you aren't limited to Electrum only.
6288  Bitcoin / Development & Technical Discussion / Re: Developer: Write code to generate all possible private keys on: December 15, 2021, 03:49:50 AM
was thinking 
how much is it gonna be in data TB , if range 64 would be safed uncompressed,
raw txt file, and only this range is it doable?
It would be silly to store things in string form, for example in this case it would be 51-52 bytes versus 32. So to compute the total size needed you just multiply the number of items by the raw-byte size which is 32.
Code:
32 * 2^64 = 2^69 = 5.9E+20 bytes = 590,000,000 terabytes
6289  Bitcoin / Bitcoin Discussion / Re: "Only invest an amount you can afford to lose" on: December 14, 2021, 02:10:08 PM
I am actually using this more, I keep telling people to invest in fiat what they can afford to lose because fiat is dumping hard all around the world thanks to the ridiculous amount of printing that happened over the past 2 years. Bag holding fiat is the same as begging for losses.
When it comes to bitcoin I try to avoid the use of the word "invest". Bitcoin is the exit sign from the broken financial system. From sometimes corrupt but always failing financial system into decentralized financial freedom.
6290  Other / Beginners & Help / Re: Can we talk about airdrops? on: December 14, 2021, 02:00:00 PM
If you find it quite concerning, you should know most website do these simply by visiting their website. I would recommend you to install uBlock Origin (https://github.com/gorhill/uBlock/) which could reduce the data collection.
I heard and read this extension couple of times. I just didn't plan to install it and went for AdBlock Plus instead for only blocking ads since it is like being mentioned more often.
As of writing this, reading from some people's comment between the two, they seem to recommend uBlock over the other. Thanks for this. Smiley
Keep in mind that the extension is called "uBlock Origin" not "uBlock", the later is from a developer who split from the original team and created their own extension. People always suggest the former to be the "better" option to use.
6291  Bitcoin / Bitcoin Discussion / Re: Bitcoin the fundamental tool for economic liberation/independence on: December 14, 2021, 07:00:50 AM
To be fair, in the case of my country (Venezuela) the Petro was a shitcoin from the begining: centralized, non-mineable, closed-source and with no real usecase/demand.
The 4 characteristics you named are the fundamental characteristics of any government issued digital currency.

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Our government is highly incompetent when comes to economical measures they do not even care to understand.
Looking from outside the economical problems the country is dealing with doesn't seem to be all because of the government. Your country is dealing with a ton of external issues, from sanctions, foreign intervention and espionage to the soft/cold civil war that has been going on for at least 20 years.

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I believe China and India would be more efficient and competent with a state-minted crypto.
The Indian project was abandoned AFAIK and if some day Chinese CBDC succeeds it would be because China is an economic super power not because of the government's competence.
6292  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Ethereum on: December 14, 2021, 06:30:29 AM
In terms of usefulness you can't really compare the two.  Ethereum is lightyears ahead in that category.
Oh dear. Can you name at least one usefulness for ethereum that is not betting on price (gambling) or fund raising (ripping people off)?

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The hope is that the Lightning network paired with the Liquid Network will provide developers with the opportunity to play catch up
Catch up to what exactly? More complex smart contracts? Bitcoin as a currency doesn't need more complex smart contracts, what it has is enough. If we wanted that we can create decentralized side-chains not Liquid Network which is fully centralized.

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It will probably take many years
It would take an instant as soon as an actual use case were found. So far there are none.
6293  Economy / Exchanges / Re: Sudden Surge of BTC Volume on Prime XBT - Why? on: December 14, 2021, 06:11:08 AM
I searched for any positive news and did not find it during this month, so the increase is either because a large whale entered the platform or manipulated the price in an attempt to convince investors that it is a good platform for exchanging currencies.
Whales never go to any exchange that doesn't already have a high volume, they need liquidity for their trades and if the order books are thin (the main reason for low volume) they won't even be able to perform any trades let alone make any profit.
The only possibilities are either growth in number of users or reporting fake volume. I say the chance of the latter is higher.
6294  Bitcoin / Bitcoin Discussion / Re: Bitcoin the fundamental tool for economic liberation/independence on: December 14, 2021, 04:52:48 AM
I disagree. Bitcoin is all that for individuals not for the government. The government (and the whole country) can reach independence without needing to use bitcoin. For example El Salvador could drop USD and create their own currency to be more independent. But that's not enough, a lot more work has to be done so that history is not repeated (they apparently had their own currency and their economy was failing that they had to adopt USD).
By adopting bitcoin the country will gain some good amount of profit in the coming years but that still wouldn't be enough to reach the goals OP outlined. I don't follow El Salvador news but from here and there I see their president is doing some good work. The infrastructure, bitcoin city, attracting foreign investment, ...

One thing is certain though, adopting bitcoin as legal tender is so much better than creating your own cryptocurrency. Like what Venezuela, India, China, Africa and a couple of others have done or doing that has either failed miserably or is waiting to be fail as the govcoin gets released.
6295  Bitcoin / Bitcoin Discussion / Re: Bitmart to reimburse $200 million to customer on: December 14, 2021, 04:42:36 AM
bad news/good news ? Bitmart security can be hacked?  is it possible to be trusted again in the future? such incidents hit a hard on investors views security in the global crypto market ,I fear there will be a drastic downturn scenario ! how can we see a good future if there is always news because of hacking ? fortunately I always follow the words of the master in here "don't leave your assets on the exchange for a long time"
Well for starters bitcoin is not meant to be used as a trading tool on centralized exchanges! It is a currency that you control and use all on your own without needing a third party. That means no matter how many times centralized shitservices get hacked, it won't affect bitcoin.
Besides this is not the first hack, not even the biggest one and it certainly won't be the last. None of them have changed anything apart from a small percentage of people who use  exchanges becoming more careful!
6296  Bitcoin / Bitcoin Discussion / Re: I bought $271 worth of Bitcoin in late 2009 on: December 13, 2021, 01:01:50 PM
If we look at this thread posted by @DdmrDdmr -> 12 years today since the first known price was set for BTC, then we can see that Sirius (Martti Malmi) sold 5050 BTC to PayPal in late 2009 using the New Liberty Standard. I'm not saying that the OP is telling the truth, but there remains a reasonable doubt that he still managed to buy BTC using the already mentioned service.
That's interesting but OP's story is still full of plot holes and the fact that the account is a throwaway one doesn't help either. Confessing to illicit activities when bitcoin wasn't really accepted anywhere is another sing while offering $24 million for help from random strangers on the internet is the last nail in the coffin of OP's shadiness.
6297  Bitcoin / Bitcoin Technical Support / Re: Search statistics about necessary transaction fees within the next x blocks? on: December 13, 2021, 08:43:22 AM
x * 149 + y * 34 + 1 * 149 +-10 =  .... vBytes
Correct?
This is a very simplified equation that only works for very simple cases with legacy inputs and outputs. Things are much more complicated when it comes to calculating transaction sizes these days and it mainly depends on the type of the output that is being spent. There should at least be 20 equations or better yet a library that would compute serialized size on demand.
6298  Bitcoin / Bitcoin Discussion / Re: Exactly how does BTC development go on, if the current group all quits or dies? on: December 13, 2021, 06:35:29 AM
First thing you need to know is that there is no such thing as "official" bitcoin source code. Bitcoin is an open source protocol that many have attempted at implementing it and there are a handful of implementation of this protocol and one is the most popular known as bitcoin core also referred to as reference implementation.

Secondly, there isn't just one or two devs living in the same house that can die or go away together! There are at least half a dozen serious developers for each implementation with popular ones having dozens of serious contributors. They aren't even from the same country to be affected by the same "hypothetical disaster scenario". In reality one or two devs may go away which wouldn't change anything as there are lots of others to fill their place.
6299  Bitcoin / Bitcoin Discussion / Re: I bought $271 worth of Bitcoin in late 2009 on: December 13, 2021, 06:19:55 AM
I bought $271 worth of Bitcoin in late 2009
I’ll give 500 Bitcoin
I bought them to buy something illegal at that time but never went through with the purchase.
You are clearly lying. Back in 2009 people didn't even know what bitcoin was and you would have been lucky if someone even accepted bitcoin for free from you let alone sell you something in return. When bitcoin was used as payment it was years later and the price of it was higher. The illicit activities that lasted a year or two didn't start until 2011 as it was mentioned earlier which means you couldn't have bought more than 500 bitcoin with only $271.

Next time you want to create a lie at least put some effort into it. Smiley
6300  Bitcoin / Development & Technical Discussion / Re: The feasibility of shadow-coins by PoW / Layer 2 on: December 13, 2021, 05:00:45 AM
but despite of encouraging people to run a full node, there is always doubts/dispute over those full/mining(Block-Producing) nodes that they do not completely verify new block's information [3][4][5].. so with this suggested feature, we know there will be another layer of PoW that makes them more money if they verify new blocks with more accuracy.. at least people could could stop doubting them..

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What would stop someone from running a farm of fake or semi-fake nodes with minimal cost earning that "shadow reward"? You certainly won't be able to increase the difficulty of this PoW without making it impossible for regular users to run a full node.

I think I have a solution. first of all, the shadow-coin relies on the same merkle-root-hash of the main coin and this makes fake/semi-fake nodes useless. so, by a simple change in block version and add rows like shadow-address, shadow-nBits and shadow-nonce to the header, we could merge shadow-coin to the main network.. but handling this needs a trick. the shadow-coin in block header could refer to 10 blocks (or more) back in the chain (somehow passes enough block confirmation for the main coin) and aim at preventing unwanted delays in new block generation, some blocks could contain two or more rows of shadow-coins while some blocks contain no shadow-coin.
Here is how a fake/semi-fake node would work, and I'm using bitcoin P2P protocol which should be similar to any other coin too.
You can write a small code with minimal functionality that connects to other nodes and gets the needed number of blocks or block headers only. This code doesn't care about validity of those blocks so the cost of verification is 0. This code also doesn't need to store those blocks so the cost of storage is also 0. The amount of data it downloads is also minimal (a handful of blocks compared to all blocks). So it can be run on the same machine through some sort of proxy to have different IP addresses and appear as multiple nodes.
Then to solve the PoW problem all it has to do is to use that small amount of data it downloaded to compute the hash. It could also reuse part of that hash depending on the algorithm to compute it for other instances. For example
Instance1: <header><shadow-address-1><shadow-nBits><nonce>
Instance2: <header><shadow-address-2><shadow-nBits><nonce>

Using SHA256 this would be 2 blocks to compress, the first block of each round is the same (first 64 bytes of header) the second block is different so even the job is cut in half for 2 instances which is encouraging this kind of behavior.
[RandomX may prevent this last part but I'm not familiar with the algorithm to give a solid opinion.]
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