Assumption has been that the pools do a test block - to check it works OK (which we guess this is). Then they slowly roll out to their infrastructure - so next we might see 25% of blocks signalling from them then 50% then 100%. Or however it is they roll it out. But I think they said on Twitter were hoping to be at 100% by end of this week.
There is nothing to test since they are not changing anything about the block itself just a single bit in the block header version field! It is either because they have different remote servers that operate separately and have to be upgraded one at a time or the change is interfering with something else they are doing such as using ASIC boost!Is the purported "ASIC's boost" overt or covert or just difficult to know what is happening? And how speculative is such an "ASIC's boost" practice that you mentioned? I heard that covert ASIC boost was a "thingie" in 2017-ish, but I thought that segregated witness removed such possibilities to engage in such practices, at least in terms of how it was understood to be being carried out in early to mid-2017. It is speculation. As for SegWit it didn't remove ASIC boost, it just made it harder since it requires witness merkle root in coinbase. Otherwise the "boost" is mostly about how you compute the 3 block compression that is required in computing the double SHA256 of the 80-byte message. I believe the version manipulation (which would make them hesitate to upgrade soon) is categorized under Overt AsicBoost. Here are two references: https://arxiv.org/ftp/arxiv/papers/1604/1604.00575.pdfhttps://blog.bitmex.com/graphical-illustration-of-a-bitcoin-block/ |
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This is just another attention whoring by the very little known and used service called "Phemex" like what they did with their fake puzzle a while ago wasting everyone's time just to get their name advertised for a little while.
To answer your question, I can't speak for Laszlo but I don't think an early adopter is going to waste his time letting a centralized service advertise itself using him.
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I was thinking about to do the same, a PoS fork of Bitcoin. But looks like nobody would be interested in it. Can't find any of the 3 coins mentioned, except BCI, and looks dead now 3 years later:
It is because of two things. First the fact that PoS is more of a vaporware rather than an actual technology which was used for many years to fool people who couldn't mine bitcoin into thinking the new shitcoins with the algorithm are "better" than bitcoin. It also has a lot of weaknesses and serious attack vectors that can be exploited easily if there is enough incentive which is why most PoS coins are either too tiny for anyone to bother attacking them or are completely centralized to prevent the attack. Secondly it is because copycat coins (which didn't start with bcash in 2017 by the way) are useless and would die sooner or later regardless of what changes they made to bitcoin. |
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I wouldn't agree that this can only be done once, so a man has more than 54 million followers on Twitter who don't mind what he does - they just adore him and are starting to look more like a weird religious community that will do anything for his dear leader. He did it in the past with his shares, he paid some kind of fine, but that didn't stop him from doing even worse things when it comes to cryptocurrencies - I wonder why the SEC isn't reacting now, because if this isn't more than obvious manipulation of the crypto market, then I don't know what else should happen.
No, it is not possible to repeat. Look at John McAfee. Do you think if he came back and started praising bitcoin anybody would even pay him any attention? No, people will ignore him that is also why he isn't back ever since his 2017 scams. It is the same with Elon Musk, if he comes back and starts praising bitcoin again, even if he accepts bitcoin payments at Tesla again, people will still ignore him because of his scams. His reputation is already ruined among bitcoiners. |
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First of all I would categorize Exodus under closed source wallets which means you have 0 security when using such wallets. In other words it doesn't matter what you do with your seed phrase and password if it was not safe in first place.
Secondly when you cut your seed phrase in half you are decreasing your security by 50%. For example in a 12-word mnemonic you decrease the entropy by 280. That is a huge reduction and we don't consider the 80 bits of entropy to be safe.
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Assumption has been that the pools do a test block - to check it works OK (which we guess this is). Then they slowly roll out to their infrastructure - so next we might see 25% of blocks signalling from them then 50% then 100%. Or however it is they roll it out. But I think they said on Twitter were hoping to be at 100% by end of this week.
There is nothing to test since they are not changing anything about the block itself just a single bit in the block header version field! It is either because they have different remote servers that operate separately and have to be upgraded one at a time or the change is interfering with something else they are doing such as using ASIC boost! |
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I learn something new every day... This was the first time i heared about the SigNet... It seems like a "better" testnet. I have no idear how i missed this info  https://en.bitcoin.it/wiki/SignetRegtest is great for small scale tests, but the lack of a real "network" has stopped me from using it for large scale tests... It is, after all, a network in a single box... Yeah, not that many seem to be aware of SigNet maybe because the addition to core is only a little over a year old. I myself wouldn't have known about it if I weren't looking at chainparams.cpp. |
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I sometimes wonder if those who are blue in the face for screaming about "bitcoin carbon emission" (which is not even close to reality) have ever in their lives talked 5 seconds a bout other industries that are not only polluting our air but waters and are generally terrible for the environment?
Interestingly enough most of the public figures who talk about bitcoin and pollution have never talked about anything remotely related to environment before.
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This is the worst dip we’ve seen yet this cycle,
The "cycle" starts from the previous ATH when the bubble bursts or you could start it from the time it reverses and goes back up. The bull market also started a lot time ago when we broke $4k resistance. In that "cycle" we have already had much worse drops that were a lot bigger than this. For example the two times price dropped almost 50% from $6k to $3k comes to mind. |
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- Is this a hard fork or soft fork?
A soft fork - A swap to a newer chain?
There is no new chain. - If hard fork will bitcoin hodlers get free airdrop?
Your own title is answering this, Taproot is an "update" coming to bitcoin not some shitcoin fork creating a copycoin to give you airdrop! What date this year the update will happen?
Not possible to know, since bitcoin is decentralized its forks always take place only after reaching majority support from the network and that can take time. But so far it has only been 16 days since the release of the new bitcoin core version that adds the code for Taproot activation and miners have started signalling. You can see the progress on a website like this: https://taproot.watch/Is this similar to the 'Segwit' update back in near fall in 2017?
In many ways yes. It is a soft fork, it is backward compatible, but it is a smaller upgrade than SegWit, It doesn't have the drama that SegWit had though, it is adding new witness version. What is TapRoot?
https://bitcoinmagazine.com/technical/taproot-coming-what-it-and-how-it-will-benefit-bitcoin |
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It is not about how many people are spreading FUDs at the same time, it is all about how many brainless zombies and how many whales have how much bitcoin to panic sell and manipulate the market with. Since that number is fixed it doesn't matter if every manipulator with large number of followers started FUDing bitcoin, in the end the panic sell size is going to be roughly the same size.
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Keep in mind that "sat/byte" unit is obsolete now and explorers and wallets must not use it to represent the fee rate that the transactions are paying since it would be both misleading and in any transaction with witness it will be the wrong value.
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@pooya87
Don't pay attention to sujon5. He is shilling for Ownr wallet and does that quite often. Just look at his post history. Every now and then, he makes a post highlighting the "strengths" of that wallet. He mentions Ownr 3 times on the first page of his post history, 4 times on the second, 5 times on the third, and so on. Many posts are about how he successfully bought EOS with the wallet, etc.
Lumi is new to him though, and it will be interesting to see how much he is going to shill that. I guess he is moving up in the world.
I didn't realize that. It seems like shilling of all types is getting worse on bitcointalk these days, we still have to reply and write a comment to warn newcomers who may read such malicious posts so that they don't fall for it. |
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$100k will be reached after Taproot activation (surprise surprise 2017 is being repeated!) which also explains the current drop which may not have anything to do with Elon Musk and his FUD anymore (the initial drop did not the follow up) as the whales are accumulating cheap bitcoins.
By the end of 2021 and possibly first quarter of 2022 we will see a price between $400k and $500k then the bear market starts.
2017 has a Segwit activation and 2021 has a Taproot activation. $400k or $500k is very high price and I think you speculate that price with the 2017 history. Your speculation is based on price before (or around) and all time high after the Segwit activation. Is my guess on the basement of your speculation correct? Yes, I see how people think all actions on the market are related and manipulated by Elon Musk. They are too naively and blindly believe in what they see. My speculation is based on the previous "cycles" ignoring the growth that each time the cycle has. In the previous one price went from the absolute bottom of $150 all the way up to nearly $20,000 which is a 13233% rise in about 3 years. This cycle price is going up from $3200 and 13233% rise would bring it to $426,656. So far we've seen the drop after the bubble burst be the same exact size as previous one ($1200 to $150 or $87.5% and 20,000 to $3,200 or 84%) and take the same amount of time as previous one (2014 + 2015 and 2018 + 2019). We also saw the same accumulation and initial steps being very similar with first year (2020) having smaller rises like 2016 which also both had halving take place in those years. Then we are seeing the big bull run year (2021 vs 2017) shape up the same way with initial struggle to break the previous ATH with multiple pull backs ($20k vs. $1.2k), we have setting new ATH on roughly similar sizes in similar intervals. We also have the same big pull back after the big rise (~3x above ATH: $60k vs. ~$4k) with the same level of FUD campaign. There is also another big upgrade coming to bitcoin (Taproot of 2021 vs. SegWit of 2017). The similarities on charts, community and news are too similar to ignore. |
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If you're panicking because of price drops, you either don't know what you're investing in, or you're overly allocated.
That, or you really just don't know investing in general. Because price drops aren't out of the ordinary for literally any asset.
That or the price dropped and the FUD campaign begins its work on social media again with continues negative posts about bitcoin. There are 14 FUD related topics in the first page of this board alone today! |
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How is there still FUD today? Is 2021 not enough proof of the significance of Bitcoin?
FUD has never stopped, in fact it only grows as bitcoin grows. Specially the FUD coming from those who are scared of bitcoin, as it threatens their existence they up their game and create new FUDs and spread them more. They go as far as spending more money on their FUD campaigns. The real question shouldn't be about existence of FUD or its magnitude, but it should be about why do people still believe and react to it (your second question). I think the answer is that there is still a lot of newcomers that happen to also be weak hands and also there are a lot of manipulators who LOVE the opportunity to short bitcoin and then buy back a ton more at the bottom during accumulation. |
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Honey badger does NOT care. 100k by the end of FY 2021-22. Mark my word.
Tbh I think it will surpass 100k. My own prediction is BTC will be around 150-200k in November and then we will see another correction (-30% or -40%). $100k will be reached after Taproot activation (surprise surprise 2017 is being repeated!) which also explains the current drop which may not have anything to do with Elon Musk and his FUD anymore (the initial drop did not the follow up) as the whales are accumulating cheap bitcoins. By the end of 2021 and possibly first quarter of 2022 we will see a price between $400k and $500k then the bear market starts. |
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we may see 6, 7 or even 8 digits within the next 6-7 years.
I don't think we can see bitcoin price go above $10 million (8 digits) in our lifetime unless fiat is severely devalued and it definitely won't happen in next decade, in that short time $1 million is a possibility but not much past that. |
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Making such move makes ZERO sense though.
His actions make a lot of sense actually but I don't think Tesla is going to sell all their bitcoins because of this. But he definitely sold a big amount of bitcoin before he began the FUD and also he definitely bought a lot of shitcoin called DOGE at the same time. The funny thing is that he is actually starting to lose a lot of money since DOGE is dumping faster than bitcoin now  There is a problem with this kind of behavior and it's that people can do it only once. There is no coming back for Elon, he is now known as a malicious market manipulator. Sooner or later bitcoin price is going to go back up again while DOGE will go back down to below 1 satoshi. By then even if he crawls back kissing bitcoin's ass he will be ignored. |
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I still hesitate to call this panic sell the start of bear market but I still definitely wait to see where the bottom is before starting to buy cheap bitcoins. Even if it ends up being a bear market I seriously doubt it would last 3 months, there is simply no reason for the current downtrend except panic selling and those don't last that long.
This is most probably the preparation for $100k in June alongside Taproot.
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