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701  Bitcoin / Bitcoin Discussion / Re: A service to find the relation between two addresses on: April 18, 2023, 03:11:18 PM
There's Reactor[1] from ChainAlysis but that's not available to the public, and it's way too complicated. Is it what you're trying to build? Would one be able to find the connection even if the funds moved through exchanges, services, mixers, etc. as is the case with this tool?

[1] https://www.chainalysis.com/chainalysis-reactor/

Once coins are sent to exchanges, they become disconnected from each other unless there is access to the exchange log. I don't see a solution to this problem ATM.

However, this service(which we already has coded part of it) aims to identify the relationship between two addresses or transaction IDs, and is going to target coins moved through mixers and similar services.
Maybe slightly OT but I am curious as if there is any info on exchanges leaking AND/OR providing these sensitive information (either to randomparties or ofc governments and instituations)?

I see what OP wants, actually sounds like a relatively simple tool, input two addresses, see if and with how many steps (transactions) inbetween there is a connection to be found. Actually sounds pretty basic, also curious to see if there are any (open source) tools for this purpose.
702  Economy / Goods / Re: I create and sell 3D-printed WiFi devices that show Bitcoin prices and stats on: April 18, 2023, 05:34:10 AM
That's a pretty cool gadget you created there.
I am not familiar with the tec behind it, my first thought is: Could this be a security issue and how do you make sure to transparently show you are not reading out and sending out any sensitive information obtained in the wifi network it is connected to?
Price is probably fair given this is very niche, but seems steep when compared to for example an usb-energy-consumption reader from amazon (with a similar display).
Maybe try offering a 10% discount for bitcointalk-users with a promo code?

Good luck with your business!
703  Economy / Collectibles / Re: Snooty, snobish, and fugly fountain pen wrapped in an NFT? on: April 18, 2023, 05:26:22 AM
First of all, am I allowed to say "boner" in this section?  It's been a long ass time since I've browsed Collectibles, and while looking to see whether what I'm about to mention had already been mentioned I couldn't help but notice all of the fantastic threads that I've missed out on...and I'm going to admit that my subsequent state of arousal almost reached boner state.

This is not bitcoin related, but it is crypto-related and it is definitely a collectible: https:THISISASCAM//pirelli-montblanc.com/

For those of you youngins who might not even know what a fountain pen is....go look it up.  Suffice to say that nowadays it's a very niche market and some of the higher-end ones can get pricey to say the least, as they're usually hand made and have gold nibs and often some kind of other precious metal(s) on the barrel and/or nib tip. 

So whilst idly browsing the Tron subreddit and seeing what those losers have to say, I was shocked to see the above link.  Montblanc is one of the best-known premium pen manufacturers, so this isn't some kind of cheap pen we're talking about here in terms of quality.  It just blew my mind that Montblanc is somehow producing a pen commemorating Pirelli and, for some unknown reason, throwing in an NFT unique to each of the 72 pens that'll be produced.  Talk about jumping on a bandwagon.

I already contacted a fellow pen/bitcoin enthusiast about this, and hopefully he'll post here but I'm curious what all of y'all think (if anything).

Jup, OP please remove direct link from your post and I'd also like to hear who exactly provided that scam-link. Did you even "buy" that scam-NFT before posting here? If not, why posthere first if you are so convinced by it?

WARNING: SCAM LINK IN OP. DON'T ACCESS THIS WEBSITE!
704  Bitcoin / Legal / Re: Bitcoin having effect on the ongoing war on: April 18, 2023, 05:22:40 AM
The ongoing war between Russia and Ukraine has shed more light on how digital currency is being used for military aid, since the invasion the Ukraine government have turned to social media and asked for the donation of Bitcoin, stablecoin and every other cryptocurrency.

From all indication the response was massive with over 100,000 people are contributing to help out Ukraine to improve there military effort in the war. One could never believe that helps could come from different people all over the world to assist Ukraine, to be frank with you, some individuals would have thought that NETO are the only ones helping Ukraine.
According to Ukrainian deputy digital minister Alex Bornyakov, the country has been using crypto to purchase fighting essentials like bulletproof vest, drones and other military gadgets/equipment.

https://bitcoinist.com/crypto-accepted-by-60-of-ukraine-weapons-suppliers/

I guess the effect is still not huge, but its definitely there. It makes sense, that the more urgent a situation is (any type of emergency or catastrophy), the more variety of ways to gain support will be accessed.
This is exactly one of the upsides of decentralized cryptocurrencies: It's super fast, easy to access and can even be anonymous.
So this kind of payment method usage will only increase over the next years and decades.
705  Bitcoin / Bitcoin Discussion / Re: BTC vs physical gold price potential on: April 18, 2023, 05:13:43 AM
This is more of a philosophical debate, but feel free to tell me if my reasoning is wrong.

People often talk about the price potential of BTC or gold, in terms of US dollars or euro. In my opinion this does not make sense because the value of euros and dollars can be destroyed by central banks printing them to infinity.

So it only makes sense to debate the value of BTC or gold, in terms of an other store of value with a limited availability (BTC expressed in gold, or gold expressed in BTC. Or even in silver)
Fiat currency is not a store of value as we all know. Currency is not money because any currency in history got inflated to 0.

There is an estimated 208 000 tonnes (208 000 000 kgs) of gold available on planet earth. This has been mined throughout history and we can assume that this is not lost. But let's estimate it at 210 000 tonnes to make it easy.

The amount of bitcoin that will ever be available, is capped at 21 million coins. So for each coin that is available, there is 10 kgs of gold available (210 million divided by 21 million = 10)

So in terms of value 1 BTC is worth 10kgs of gold. But given that 10kgs of gold costs 650 000 dollars today and 1 BTC costs 30 000, BTC must be undervalued and still has a potential to 20x from here. So why would people buy gold as a hedge against inflation, when they can buy BTC that is undervalued by a factor of at least 20? I guess the answer lies in confidence and previous experience.

Is any of the above wrong?

A few side notes:

- I think this is only true when BTC reaches mass adoption like gold does now. But I think this has a good chance of happening because CBDC's will lose their value just like fiat currency. People will run to real stores of value like precious metals or BTC. BTC is more accessible than gold and so I expect more people to chose BTC over time.

- Given the fact that many coins are lost and thus not available for trading, maybe the real amount of BTC that will ever be in circulation is more like 15 million. This makes BTC more rare and increases its value in gold significantly.

- Sales of gold are already subjected to taxation in nearly every country. I don't know if the government will succeed in taxing BTC. I guess only if BTC needs to get converted to currency, because then the banks and the IRS get involved. But if we can avoid that conversion for payment (directly in BTC), the IRS and the government are bypassed.

If I am wrong about anything here, please tell me.



An interesting read and I like your value comparison to gold, giving 1 BTC a 20x undervaluation in regards of its scarcity against gold. Feels about right and the numbers add up obviously.

One point to keep in mind, though: Bitcoin already has major upsides against gold (ease of transaction, doesn't need space nor does it weigh anything, accessible for anyone around the globe instantly) AND has traits totally outside the scope of gold, given by its immutable blockchain among other things. It's aotential payment method especially with layer2 solutions (ligthning etc), it's a ledger technology that allows for transparent verfication methods and more.

To sum things up: Additionally to its amazing store-of-value capacities, Bitcoin has (much!) more potential, thus not limiting its value to that of gold. 50x or more still more than possible imho.
706  Economy / Collectibles / Re: [WTS] 4x Aluminum Casascius Tokens on: April 18, 2023, 04:59:21 AM
Are these sold for good now? Maybe not the prettiest among the casascius (lol), but indeed a nice entrypoint.
If there are any still available, please shoot me a message, I'd take them!
707  Economy / Collectibles / Re: Snooty, snobish, and fugly fountain pen wrapped in an NFT? on: April 17, 2023, 07:21:09 AM
First of all, am I allowed to say "boner" in this section?  It's been a long ass time since I've browsed Collectibles, and while looking to see whether what I'm about to mention had already been mentioned I couldn't help but notice all of the fantastic threads that I've missed out on...and I'm going to admit that my subsequent state of arousal almost reached boner state.

This is not bitcoin related, but it is crypto-related and it is definitely a collectible: https://pirelli-montblanc.com/

[...]
Is this a scam? Doesn't work in multiple browsers /web3-wallets and there is nothing to be found on their twitter page about it or anywhere else for that matter.
Just would be cautious - did the minting work for you?

Also note, the price seems unreasonably low for a real pen from that brand.
708  Economy / Collectibles / Re: [WTS] Peeled Coins (PBC & Recalescence) on: April 17, 2023, 05:57:50 AM
Woa, thanks for the pics, MJ.
These are some of the finer looking bitcoin collectibles I've seen so far. I guess there was no 0.1 or any other denomination version?
709  Economy / Collectibles / Re: [SALE] Alpencoin DIY coins - loaded with .001 BTC on: April 17, 2023, 05:37:14 AM
Awesome, 2 for me please!
Shipping to MJ, I'll send you a pm with tx-id of payment as soon as confirmed from your side that 2 coins still available. Thanks. Smiley
710  Economy / Collectibles / Re: [WTS] Peeled Coins (PBC & Recalescence) on: April 16, 2023, 10:36:16 AM
The silver sparrow caught my attention before. ery unique and pretty looking coin.
Links in OP don't seem to work, do you have any photos of the hologram side of the coin?
711  Bitcoin / Legal / Re: More Regulation Incoming! on: April 16, 2023, 07:26:19 AM
Mt Gox and FTX aren't both company should be blamed, but the whole centralized exchanges should be blamed especially if they're included in this list [1]

It's not surprising regulation will keep coming because hacker is always clever and better rather than the current security, this is why everyone should avoid to use centralized exchange. If people are move all from centralized exchange to decentralized exchange, there's will no regulation coming due to security excuse, they only want to control everyone activity.


[1] https://bitcointalk.org/index.php?topic=5090869.0

While we talk about blame, I think especially in the case of FTX it has become apparant that as long as everybody involved (from the huge fish at FTX headquaters down to all the youtubers and other shills promoting FTX) makes good money, nobody even tries to take a look at all the red flags. So my personal stance on the matter is, money speaks, the responsibility for the FTX mess may be mostly within SBF and associates but goes a long way down to thousands of people involved that allowed the corrupt system to keep running for so long.
712  Bitcoin / Press / Re: [2022-03-23]Thailand Bans Use of Cryptocurrencies as a Method of Payment on: April 16, 2023, 07:21:08 AM
I know this topic is now almost 1 year old but didn't want to start a new one just to follow up on this.
Was wondering if there is any update on this legislation and especially how the upcoming election is assumed to influence these crypto-laws.

On another note: As far as I know the democratic party made a promise to distribute an internal cryptocurrency to all Thai citizens if they are indeed elected. I wonder if this is a bullish sign for other cryptocurrencies or should be seen as seperate event.
713  Bitcoin / Legal / Re: How to close a crypto exchange easily on: April 16, 2023, 06:46:05 AM
https://www.coindesk.com/policy/2023/03/29/crypto-exchange-beaxy-shut-down-after-sec-lawsuit/
Crypto trading platform Beaxy has officially closed its doors as the U.S. Securities and Exchange Commission charged the company and its founder, Artak Hamazaspyan. with operating an unregistered exchange and brokerage, the agency said Wednesday in a statement.
The SEC also accused Beaxy Digital Ltd. of illegally raising $8 million in the offering of an unregistered security with its BXY token. The agency additionally noted Hamazaspyan “misappropriated at least $900,000 for personal use, including gambling.”

___
1 charge and the exchange is closed. Small exchanges do not have the opportunity and money for litigation. All exchanges have the same violations, keeping money on any exchange is a risk, especially on a small exchange.

I mean if the allegations regarding misappropriated use of funds are true, this strike from SEC has some validity. They could
However in general I wonder if the strick policy vs smaller exchanges may have strong negative effects on the US crypto-tech sector in the long run.  The US market may be big but it shouldn't be overestimated vs especially the huge uprising crypto markets in Asia.
Sure, with these measures the SEC will make it very likely that the US market stays in US hands, but anything outside will be ruled by non-US exchanges because they'll be able to offer much more attractive platforms and conditions.
714  Economy / Collectibles / Re: SALE: LuckyFool Physical BTC release Series #2 on: April 16, 2023, 06:41:02 AM
Very shiny brass, me gusto. Put me down for 2 if still available.
40 sodld already - were they offered in discord first?

Please send to MJ, will pm with txid later on.
No sir offered in a physical crypto group a padnah of mine and myself run. Trying to get people that are on the fence about physical crypto interested so offered them there first. Honestly didn’t think they’d sell as well as they did when I offered them
Oh, happy to hear that. Always a wonderful feeling to get new folks hyped on some phyical crypto stuff.
Do you have a link to series #1? I barely remember them popping up a while ago I think.
715  Economy / Collectibles / Re: [AUCTION] 9 ERINNOPHILI STAMPS By ArtiKando included Mini Sheet/Proofs/Hand Draw on: April 16, 2023, 06:37:42 AM
Just noticed this post, uhhh they Do look pretty for sure!
Imagine this design on an official postage stamp. Would be a dream come true. Ideally within a limited edition.

Lot 9: 0.0005
Lot Y: 0.0006
716  Economy / Collectibles / Re: SALE: LuckyFool Physical BTC release Series #2 on: April 16, 2023, 06:14:50 AM
Very shiny brass, me gusto. Put me down for 2 if still available.
40 sodld already - were they offered in discord first?

Please send to MJ, will pm with txid later on.
717  Economy / Collectibles / Re: Titan Mint Coins- Serious Issue- Titan Mint Bitcoin Coins ***NEW UPDATES*** on: April 15, 2023, 01:11:22 PM
[...]this is most likely what i will end up doing, but dont you think if this a "rug pull" its one of the slowest rug pulls of all time? [...]

I get the point, but then again scammers are usually not the brightest folks out there. I think a slow random peel is actually as likely as a coordinated full-sweep.
You can check my yogg-scam reference for some info on how things happened and also some suggestions on how to keep track of funds etc. (see: helpful resources): https://bitcointalk.org/index.php?topic=3315347.msg61612749#msg61612749
718  Economy / Collectibles / Re: [WTS] Loaded Casascius 1 BTC Silver on: April 15, 2023, 08:06:15 AM
Selling a stunning loaded Casascius 2013 1 BTC Silver graded MS-66 PL by ICG. Beautiful condition with no milk spotting. Shocked

https://www.blockstream.info/address/1Ag9xAkYfdrMQzVZkmGdy91ac4vPPhpRB8

Asking 1.4 BTC. Pick up in Texas, or I'll ship using your method of choice. MJ for escrow, if desired. PM if interested.



Full res: https://ibb.co/nLfNNYP
Stunning piece. I wish the 0.1 silver casascius would be available with only a 40% premium, but yeah, that train's long passed I guess...
This one's out of my league, but my guess is it should sell easily. : )
719  Economy / Collectibles / Re: Titan Mint Coins- Serious Issue- Titan Mint Bitcoin Coins ***NEW UPDATES*** on: April 14, 2023, 04:46:16 PM
good day, asking the OG's of this page a question, so i bought 2. 1oz. gold titans with private keys several years ago,  besides there being obvious issues with the 2FA coins (and i feel so bad for those people who own them =(   has anyone had issues with not being able to redeem private key coins or noticed that the funds have been taken off of them without consent of the owners of the coins, im on the fence about what to do with these, peel them or leave them in their Anacs cases.  thank you all for your help, knowledge  and opinions.  rs.

To my knowledge none of the PK coins have been affected... so far....  I wouldn't take a chance.
I would 100% crack the slabs and peel the coins.
Any premium that may have been there in the past is now gone due to the actions of the maker.
This.*

Not one of the OGs here, but here's my take anyway: if you read up on the yogg issue it's a very clear lesson that not acting when trust is already damaged will most likely lead to financial loss and lots of head- and maybe even heartache.
So it's your choice ofc, personally I don't think it's black and white, most two important things to consider for me are
a) How much would the loss of the funds on the items affect your financial situation? Is it less than 1% of your liquidity or is it maybe 10 or even 50%+? [Don't answer me, just for yourself to think about.]
b) Given previous experience and current behaviour of the maker, how likely is it that they can be trusted NOW?

Just try to make a rational decision, don't keep coins unpeeled because of sentimental value, unless an untouched hologram really outweighs the potential monetary loss for you.

Given the recent lessens learnd with the yoggup and the way this Tim guy communicates (or rather doesn't) and the total neglect to keep the fundamentals of his business, incl. the 2fa-redeeming service running on his website don't leave much hope imho.


*Except I think premiums did clearly take a hit but are not fully void.
Even coldscamkeys still have some collector value, even if peeled, sweeped or otherwise just trust-fucked.
720  Bitcoin / Bitcoin Discussion / Re: Hypothetic question regarding network security after last halving on: April 14, 2023, 04:34:15 PM
OP, first off, why are you assuming transaction volume would be low??

Blocks are already full and have been full for years even though it is barely ever used for payments right now. You seem to be saying "what if transactions become less frequent", but obviously that won't happen. Blocks will stay full as Bitcoin becomes more popular of course. And transaction fees will go up.

Now hopefully there will be further improvements to make transactions a bit more efficient, or at least certain types of transactions more efficient, and maybe even ways to cram more data in, like the way Segwit did.

Also it's not like this will suddenly happen one day. The whole last halving cycle before Bitcoin hits its supply limit the block rewards will only be 1 satoshi. The block reward will be negligible for decades before it finally stops. And starting from now it will take decades for that block reward to become negligible. If you think about the block rewards halving vs the increase in price, by around 2050 the halvings will likely have outpaced the price appreciation starting from now, so by around 2050 it's likely that miners will be receiving less money (in terms of USD) than they do today. So it'll take a bunch of years until the halvings even start to effect the mining industry, and it'll be like 90 years from that point until there are no more satoshis being rewarded, and all during this time the tx fees will have to gradually make up the difference. So it's not like one day mining will be fine and the next day there will be a huge issue. This means if this does cause a problem there will literally be decades to deal with it.

Realize that the Bitcoin network already has global-level security and is the most secure network in human history. So it's not like we NEED the mining network to keep growing, we just need it to stay decentralized. Also realize that mining machines grow more efficient over time, so hash rate will continue to increase even without more energy (cost of mining) used. Also Bitcoin mining is still a very new industry and in the coming decades as it becomes accepted more and matures it will naturally go to the most efficient places (like running on unused power at renewable power stations) or running at purpose-built renewable power stations where they are generating energy at nearly zero cost after initial startup costs, rather than like paying on-grid prices like most miners do today.

Also the most obvious point - mining difficulty can adjust down for any negative chance in hash power going into mining, so even if hash rate peaks at some point and goes down after that until settling at a tx-fee-only equilibrium, the system will adjust for that and it'll just mean the most efficient miners stay in business. Only thing that matters is it stays decentralized among those most efficient miners, which seems pretty likely since you can mine from anywhere in the world as long as you have access to cheap power.


In summary:
1. Blocks will obviously stay full so its not like there will be fewer transactions or less competition for getting transactions in blocks

2. Potential for further improvements in the bitcoin protocol in the coming decades to allow more transactions to be crammed into blocks

3. Transaction fees will go up as bitcoin use grows

4. The effects of the mining reward becoming negligible will happen over decades, not all at once, so if there is a problem it can be dealt with over decades

5. Mining machines will become more efficient to use less power and naturally miners will settle towards using only the cheapest electricity, bringing down the cost of mining per unit hash rate

6. Hash rate doesn't need to go up forever, Bitcoin is already the most secure network in human history, we should certainly expect at some point in the next few decades hash rate will peak (my guess would be sometime in the mid-to-late 2040s) and then settle somewhere at a long term equilibrium, the halvings will eventually cause hash rate to peak and the difficulty adjustment will allow it to settle at equilibrium somewhere lower than that peak once the block rewards of new bitcoin are a negligible part of the miners income

7. This is all perfectly fine, the only thing that matters is that mining stays decentralized once this equilibrium is hit when miners are making their income just from tx fees.

These were some very nice elaborations, exactly what I was hoping for.
Let me clarify a little bit, I didn't really assume tx-volume would be low by then, I was mostly playing "devils-advocate" (more like friend-of-mine advocate), because he was wondering what would happen in that specific case (low tx due to BTC just being a store of value).
Have a great weekend!


Alright, buddy, let me break it down for you – if Bitcoin's still kicking in a century, we'll probably be coexisting with a robotic-alien hybrid society.
No joke, though, the query about incentivizing Bitcoin mining in the future is legit. As the network expands and transforms, so must the rewards that fuel it.

From alternative proof-of-work schemes to fusion-driven mining beasts (no kidding!), the potential is vast. Even if Bitcoin morphs into a digital gold reserve, its intrinsic value will continue to attract believers. And where faith exists, power resides. So let's not fret over the distant future. We've got more immediate concerns, like surviving the robot-alien extravaganza.
Haha, I feel ya. Yes, obviously there are an enormous amount of challanges to overcome. I still enjoy to talk about some very hypothetical things, especially in this case, where, as long as there is no major hardfork, things on the Bitcoin side are very deterministic and thus allow for this sort of discussion without it turning into a total cloud-castle.
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