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7501  Other / Politics & Society / We don’t need immunity passports, we need verifiable credentials on: January 20, 2021, 08:13:29 PM
This will be one of the moves of the world moving towards decentralized sustem, rather than depending on third party that are centralized. I hope you know what immunity passports entails, if not read this:

Digital “passport” solutions rely on storing your data in a corporate silo. This is the centralized data model that we’ve been stuck with due to the absence of a reliable way to verify identity online. Someone else gives us an identity — an email account, a shopping account — and requires us to give them proof of who we are, where we live and so on.

Quote
Over time, these third parties — Amazon, Facebook, Google, etc. — have tracked our behavior to better design products and services. Sometimes, they sell that data so others can do the same. We consented but not in a meaningful way. Repeatedly, our data was taken; increasingly, it became clear that even when legally held, it was being used in ways that were exploitative and invasive.

At the same time, all but the most elaborate physical documents can be forged. In many areas of the world, paper cards, PDFs and printed emails are being accepted as valid proof of COVID-19 testing. Similar methods are being considered for vaccination proof, requiring just the recipient’s name, the type of vaccination, date, location and provider. How is this likely to turn out? Recently, a group was arrested for selling fake COVID-19 test results at Paris’ Charles de Gaulle Airport. Unless physical proofs of vaccination have the tamper proof qualities of actual passports, they will be forged.

There’s also a third problem: An “immunity passport” is a misnomer. It does not ensure immunity because our understanding of COVID immunity is incomplete. Scientists have found that having contracted and recovered from the disease in the past is not a guarantee of future immunity. For this reason, the World Health Organization has actively discouraged the use of “COVID passports.” Similarly, not all tests for COVID-19 are created or treated equally, leading some institutions to only recognize tests from pre-determined providers and locations. Governments have different mandates for when travelers are tested. A passport needs to be a living document that adapts to science and policy.

Verifiable credentials will be the best solution because it does not affect privacy.

Quote
Verifiable credentials mitigate all these problems. A verifiable credential can be issued by a health provider to prove that you have been tested or vaccinated. The form of that credential is written to a distributed ledger — but not the content. So, if you are asked for proof of a COVID-19 test, the proof is the form of that credential and the specific cryptographic keys that show it has been issued to you. The content — all your personal data, including the outcome of the test — is held by you and you alone. You get to decide if you share that information or not. The form it is bundled in — the credential — is the only thing that needs to be verified as coming from an authentic source.

Decentralized identity means that people have control over their own private information instead of being required to relinquish it to some corporate database. Additionally, because the form of the credential and proof of issuance are written to a distributed ledger, verifiable credentials are tamper-proof and cannot be forged. They can also be simply and quickly reissued to adapt to new medical information and government mandates.

The idea of global vaccination and health data being stored in centralized systems has more than privacy experts freaking out.
https://cointelegraph.com/news/we-don-t-need-immunity-passports-we-need-verifiable-credentials
7502  Bitcoin / Bitcoin Discussion / Re: Uncovering the mystery of lost Bitcoins on: January 20, 2021, 07:59:00 PM
Only few points here are valid.
Most of them are not lost just someone else have them.
Has been corrected, check above.

Ways Bitcoin can be lost
1. Forgotting the encrypted password used
2. Seed phrase accessed by attackers
3. Malware attack like trojan and keyloggers etc
4. Through phishing sites
5. Through fake exchanges
6. Through fake wallets.
7. Through lost passphrase
8. Hacked exchanges
9. Lost to cloud mining sites
10. Lost to Ponzi scheme
11. Lost through fake giveaways and airdrops
12. Lost through misplaced seed phrase, private key or seed etc.

There are bitcoin that has been lost and not accessible again through the following bolded above.

1. Forgotting the encrypted password used
7. Through lost passphrase
12. Lost through misplaced seed phrase, private key or seed etc.
7503  Economy / Speculation / Re: Best way to sell in 2021 — to buy more on the bear on: January 19, 2021, 08:22:58 PM
You can move your topic to speculation, but about bitcoin discussion, what I can only advise is for people to hold so the price of bitcoin will continue to increase.
7504  Bitcoin / Bitcoin Discussion / Re: Everything you wanted to know about Grayscale BTC Trust but were afraid to ask! on: January 19, 2021, 05:52:37 PM

The inflow chart has some dips or gaps between rising waves or spikes. I can not get figures on the chart but it seems to drop to zero in gaps.

I am not familiar with Grayscale activities and I guess these gaps are correlated with their investment plans (monthly ?). Something like CME future gaps in weekends.

Would you mind explaining it a bit, @fil. please.
Yes, the inflow dropped to zero if no one is investing with Grayscale at some moment in time. Taking the graph as an example, you will notice it is plotted in 2 weeks ranges in day on the horizontal axis, I mean the days are differs to the next in 2 weeks. Which means there are some weeks that no inflow at all, like on 13/02/2017 to 26/10/2017, and there are times there are customers that invested heavily with Grayscale, example is on 18/01/2021 which is among the 2 weeks plot from 04/12/2020 to 19/01/2021, during this period you can see inflow when customers are investing, and also a time when no one is investing, the time no customer are investing is when Grayscale closes investment for customers recently that fillippone even commented about in few posts back. Later in this January, Grayscale open investment products available to customers again and people started to invest with them. On 18/01/2021, in just a single day customers invested more than 600,000,000 which is the inflow of that day and can also be seen on the graph.
7505  Other / Beginners & Help / Armed robbers steal $450K from Hong Kong crypto trader on: January 19, 2021, 11:39:58 AM
People need to be very careful and never trust who they are making bitcoin or any crypto deals with, some can be scammers while some can be hackers, some can even be real robbers. This is about a woman that robbers won her trust after making two transactions with them.

Quote
Robbers posing as cryptocurrency buyers have stolen about 3.5 million Hong Kong dollars ($450,000) from a woman in Hong Kong. According to a report by the South China Morning Post on Tuesday, the Hong Kong police are currently conducting a manhunt for the gang. A spokesperson for the police revealed that the group operated by having one member complete multiple transactions with the victim, presumably to win the target’s trust. Indeed, an investigation into the matter showed three previous deals ranging between $77,000 and $90,000.

On the day of the robbery, the other members of the gang rushed to the scene as soon as their colleague received the Tether tokens in exchange for the $450,000 payment. Armed with knives, they proceeded to lock the woman in the office where the deal took place but not before snatching her iPhone and the $450,000.

According to the report, the woman was able to use her second phone to inform her husband who subsequently contacted the police. The police said that the woman’s uncle who chaperoned her to the meeting place reportedly saw four men fleeing the scene. Luckily, the woman was unhurt in the attack, unlike other victims that have suffered physical injuries and even death at the hand of bandits looking to steal cryptocurrencies.

Copied from, and for more details about some other related attacks.
https://cointelegraph.com/news/armed-robbers-steal-450k-from-hong-kong-crypto-trader

This is not the first case of the attack, there are some that have happened before.  We need to be very careful while making bitcoin deals or other crypto deals with people because they can be theives.
7506  Bitcoin / Bitcoin Discussion / Re: We Need Terminology Between Satoshi and Bitcoin! on: January 19, 2021, 10:45:59 AM
A Satoshi is not even worth a twentieth of a penny. We need something in between!!! Right?
This should not be an issue for literates as literates are the one investing in bitcoin. But, the fact still remain that bitcoin can be in three forms, which are

1. Bitcoin
2. Million bitcoin
3. Satoshi

There are some sites that represent bitcoin in million satoshi. 1 btc is the same as 1000 mbtc or 100000000 satoshi. You can even make use of microbitcoin and theimes but the three known and common ones are btc, mbtc and satoshi which should not be an issue. Also, having the decimal is not a problem until bitcoin is more valuable in a way satoshi will be used to represent it.
7507  Bitcoin / Bitcoin Discussion / Re: Everything you wanted to know about Grayscale BTC Trust but were afraid to ask! on: January 18, 2021, 12:52:54 AM



Q4 2020 Investment Highlights2
Total Investment into Grayscale Products: $3.3 billion
Average Weekly Investment – All Products: $250.7 million
Average Weekly Investment – Grayscale® Bitcoin Trust: $217.1 million
Average Weekly Investment – Grayscale® Ethereum Trust: $26.3 million
Average Weekly Investment – Grayscale® Digital Large Cap Fund: $1.6 million
Average Weekly Investment – Grayscale Products ex Bitcoin Trust3: $33.6 million
Majority of investment (93%) came from institutional investors, dominated by asset managers.


Year Ended 2020 (“YE20”) Highlights4
Total Investment into Grayscale Products: $5.7 billion
Average Weekly Investment – All Products: $109.8 million
Average Weekly Investment – Grayscale Bitcoin Trust: $90.0 million
Average Weekly Investment – Grayscale Ethereum Trust: $15.2 million
Average Weekly Investment – Grayscale Digital Large Cap Fund: $1.4 million
Average Weekly Investment – Grayscale Products ex Bitcoin Trust5: $19.8 million
Majority of investment (86%) came from institutional investors, dominated by asset managers.

Copied from, and for more details
https://grayscale.co/insights/grayscale-q4-2020-digital-asset-investment-report/
7508  Bitcoin / Bitcoin Discussion / Re: The Problems of Bitcoin (yes there are some) on: January 17, 2021, 09:11:56 PM
- Too complicated for masses
The world is going more literate, and the more people will know more about bitcoin. But, with bitcoin having a marketcap of over $500 billion, then who are the masses that are using bitcoin, don't you know they are the masses that are using bitcoin? But, although, yet little fraction out of total people on Earth are using bitcoin, which means more people will still make use of bitcoin in the future which will drive its price to all-time-high.

- No 100% reliable back-up protection if private keys are lost or stolen
Seed phrase can also be the backup, it will be easy for backup than private key. The privacy is for us to be our own bank, then the responsibilities are ours.

- No charge-back option (this is both pro and con)
Explain yourself better.

- Not enough big merchants
We do not have this as an issue, time will tell. Also do not see bitcoin only as money, it is also an asset.
7509  Other / Meta / crypto1998 spamming on this forum on: January 17, 2021, 12:57:47 PM
It happened that crypto1998 ask this question probably yesterday or certainly few  days ago about Yoda which is one of yobit's shitcoins, and later the topic was deleted, now today he has being repeating posting the same deleted topic on different boards on this forum after he had gotten answer the first time. I think this is spamming.


crypto1998
https://bitcointalk.org/index.php?action=profile;u=2584954

https://bitcointalk.org/index.php?action=profile;u=2584954;sa=showPosts
7510  Bitcoin / Bitcoin Discussion / Re: IMF makes a pool about digital currencies and the results are in on: January 17, 2021, 10:03:20 AM
Some people do not know what money is, and they will speak about money. Bitcoin is an asset and also money, but not a currency because it is not physical but a cryptocurrency.

A currerency is just a physical representation of of money, of which currency itself is not having an intrinsic value, it is money that have instric value which is the worth and value in money. Example of a currerency are paper fiat, that is just paper while fiat can exist in another form that is not paper, but what makes fiat valuable is the money in it. For example, the federal government of a country can print out new paper notes completely different from the old ones, and burn the old ones telling people not to spend the old ones again and certain time, if the time not to spend the old paper note has passed, can the paper note sti be used? No, it can not be use. So, paper note Ms are currerencies, they have no value, it is the money in them that has value.

But about bitcoin, it has value in its entirety, it is not a currerency because it has value in its entirety, that is why it is only regarded as cryptocurrency which also has a meaning which is not what I will write about in this post, but also a money and an asset. Bitcoin is an asset because it is a deflationary money and cryptocurrencies or digital currency. Also it is money because its has intrinsic value. Only what we are expecting now is for bitcoin to go mainstream and be used more for buying and selling.
7511  Economy / Scam Accusations / Re: [PHISHING/CLONE] [banned mixer] on: January 17, 2021, 09:32:10 AM
There is one of the phishing sites mimicking [banned mixer] which was also recently brought up on this forum.

[Warning]: Fake [banned mixer] - NEW
https://bitcointalk.org/index.php?topic=5309843.0

The fake one
Code:
http://kryptomixer.io/
7512  Other / Beginners & Help / Re: How Replace-By-Fee (RBF) an Child-Pays-For-Parent (CPFP) can speed up confirmati on: January 16, 2021, 04:18:11 PM
What if A's wallet doesn't allow spending unconfirmed outputs?  Smiley
Noncustodial wallet nature will allow A wallet to spend UTXO. I mean if wallet A is noncustodial, it will be able to spend UTXO. Although I am not sure, correct me if wrong.

I always flag my transactions as RBF whenever possible since replacing by fee is cheaper than paying for parents. The only inconvenience with rbf is that it cancels the original transaction and creates a new one with a totall
o_e_l_e_o also well explained this above how CPFP can have higher transaction if compared to RBF, but not all wallets support RBF, in this case you can use CPFP. Or, this is another instance, assuming I want to send bitcoin to someone, and I told him I do not have enough funds for the fee but still insist me to send it with lower fee, the person can later see it frustrating if the transaction not confirmed and later pump the fee himself. Also, people can choose transaction not to support RBF even on electrum, this can be a mistake from a newbie, in this case also, CPFP can be the alternative to get the transaction confirmed fast.

But, I too will suggest wallet like electrum that support RBF, just like you meant. Just very easy to use RBF to pump fee on electrum wallet.
7513  Bitcoin / Bitcoin Discussion / Bitcoin has become nothing but the new Che Guevara T-shirt on: January 16, 2021, 01:12:52 PM
You will find this amazing article interesting, the writer just meant that the price he used to buy his Che Guevara T-shirt has been used by some people in the past to buy Bitcoin and have gained, while bitcoin at $35000 now, that it is possible bitcoin price will still increase to over $300000 as bitcoin is deflationary in nature with limited supply, although this can also take a decade or more but bitcoin will be spoken of in the future as it is spoken of now. On the news article also include why we should be our own bank, not your key not your coin. Also how bitcoin is getting adopted,  from individuals to institutions, from whales to institutions in a way banks even proposing now to provide crypto services.

If we hold, if we accumulate and hold, that most likely the price will still soar and increase the more, in which the price you can use to buy a shirt or any other small thing will turn to high amount over long time period if used to buy bitcoin.

https://cointelegraph.com/news/bitcoin-has-become-nothing-but-the-new-che-guevara-t-shirt
7514  Other / Politics & Society / Re: Why We Need Decentralized Blockchain Social Media Platforms on: January 16, 2021, 12:42:28 PM
If you know how to be anonymous you don't need decentralized social media platforms.
Let me use this scenario, assuming you are anonymous in a way your social media account can not be linked to you, and you posted something on your social media account like Twitter or Facebook, do you know due to certain reasons, your posts can be deleted, or even your account be restricted. This is not only affecting personal accounts, it is also affecting business accounts as well, you will see accounts using social media to advertise their products and services, before they know, they will be restricted from using their own account to advertise their product. There are many more examples why centralized internet can be a disadvantage, why though decentralized internet can have some disadvantages too like the issue of scam.
7515  Other / Politics & Society / Re: Why We Need Blockchain Social Media on: January 16, 2021, 12:16:37 PM
The title should be "Why we need P2P/decentralized social media", because not all P2P/Decentralized social media are based or use Blockchain.
I think what the OP meant is that the world should fast and move away from the Web 2.0 into Web 3.0, in which the internet will be more robust, decentralized and better than now. This will happen in a way there will be distributed hash tables that will enable efficient content access and lookup, which means it will make use of blockchain. There will be decentralized marketplace to incentivize data storage and retrieval, and also a more resilient, efficient, censorship-resistant and robust internet will be created. In this case, the internet will be decentralized with the use of blockchain technology while anything making use of the internet can be decentralized, which means social media that will make use of it will be decentralized.

https://cointelegraph.com/news/web-3-0-would-enable-new-possibilities-and-opportunities
https://cointelegraph.com/news/you-won-t-believe-the-depths-to-which-crypto-scammers-on-twitter-are-willing-to-sink
https://cointelegraph.com/news/web-30-will-drive-decentralized-business-models-says-blockchain-exec/amp

Additionally, there few centralized social media which respect your privacy such as Signal and regular user is most likely to use it compared with P2P alternative
I think so far they have someone's data logs, I think it is not the best option. If they go viral like Facebook and Twitter, they will do just like facebook and Twitter. What will be the best in my opinion will be decentralized social media, they have the possibilities of going viral in the future and yet will maintain privacy in a way there will be freedom of speech. People are afraid to communicate what they feel inside because of the centralized internet and social media. And it is very possible to world will gradually move away from Web 2.0 towards Web 3.0 which will be decentralized and more robust.
7516  Other / Meta / Re: Users who are blocked without even writing a single post on the forum on: January 16, 2021, 11:42:03 AM
In fact, newbies who come to spam or register 101 accounts know the market for ready-made accounts very well.
Therefore, my opinion is that you need to buy a good non-public VPN, or, as ranochigo said, register with your IP provided by your provider.
I have a friend that opened Bitcointalk account recently after disturbing me about the forum, that he wanted to know about it too, I personally told told him to use paid VPN for it because our country's IP can not escape paying the evil fee, it was surprising that the paid VPN is also paying for the evil fee. Which means any of the IP that has been used by shitposters will pay the fee. Although, very possible using another country on the VPN could have not led to such.

Also, many newbies will not know about this and ways to go and just leave the forum because they do not even know much about bitcoin and bitcoin wallet.
7517  Other / Meta / Re: Users who are blocked without even writing a single post on the forum on: January 16, 2021, 10:59:41 AM
From what I have noticed, IP of a particular country and VPN can be blocked by a website owner, this is what has being implemented on this forum, the reason? I do not know but most likely because most people that register from such countries are participating in malacious activities, but not only that, also this can be as a result of most of the posters from the countries are shitposters, if 90% of the posters are spammers, plagiarizers and shitposters, this will lead to the IP of their country to pay for the ransom, for just to reduce the shit posting members can lead to this because it will create more work for moderators if there are too much shitlosters. If ransom is paid, the members that pay it will be more careful of not get banned.

But, your idea is very good, but only remain for the moderators to accept this, not even only admin, if moderators have the time to allow this members and ready to be deleting their malacious and useless posts, they can agree and propose this to the admin. I will even like it, because my country is part of the country that new users are paying for ransom on this forum. But, if moderators say the shitposts are too much in a way they can not handle, it will remain like that.

But, it will be good if theymos can find a way to allow this to be removed and find alternative ways to solve this issue. Like making new members to post maybe 3 times daily at first and also not participating in market place unless copper membership is paid for.
7518  Bitcoin / Bitcoin Discussion / Re: Idea for an inflationary Bitcoin with (automatic-)regulated supply on: January 16, 2021, 01:10:32 AM
Hey guys, it has been pretty obvious from the beginning that Bitcoin is a deflationary currency.
That is why bitcoin is valuable.

Would it, therefore, be a reasonable idea to create an alternative Bitcoin that has the max supply cap removed?
Inflationary useless coin will be created, a coin which will even be worthless than the fiat of underdeveloped and developing countries.

Furthermore, the block reward can be adjusted dynamically based on the current mining difficulty. The idea being, that in times when the currency increases in price, more miners join to make a profit
What profit can someone make from unlimited coin without no max, unlimited coin is a useless coin. No miner will even mine it, miners will mine profitable ones like bitcoin. Such coin can not exist, it will remain dead right from its beginning.

If then the block reward increases with that mining difficulty, the surplus supply will cause the price of the currency to be lowered. (similarly to how printing lots of FIAT lowers its value)
No need to waste time, CBDC will just be the best solution, coins pegged with fiat. Although, it will be nothing compared to Bitcoin.

This system could lead to a currency that is far more stable, because the money printing counteracts periods of times when the currency is over/undervalued.
It will only lead to a dead coin, like I said, CBDC is the answer so far you are talking about the coin that will mimic fiat.

Let me know what you think and if any of this makes sense Smiley
Do not see this as a ridicule, it does not make any sense at all.
7519  Bitcoin / Bitcoin Technical Support / Re: Stuck btc transaction on: January 16, 2021, 12:48:47 AM
Transaction fee used is too low, just wait until weekend, it should be confirmed during weekend, probably on Sunday. But, if you need the transaction to be confirmed fast, it will be good to know the wallet you use to send the bitcoin, is it electrum wallet?

If it is electrum wallet, you can pump the fee, but if not electrum wallet, it will be good to use child-pay-for-parent. Do you have the UTXO of the transaction in your wallet balance? Like, after you make the transaction using your wallet, do you still have some bitcoin in your balance? Not the one sent into your wallet after you have made the transaction, but the bitcoin in your balance immediately you make the transaction. If you have bitcoin on your balance, then you can generate another Bitcoin address on your wallet, then send to the address with high fee. Miner will be able to put the transaction in a block faster if you pay high fee, the two transactions will be confirmed at ones because the miners will put the new transaction (child transaction) in a block faster to be confirmed while first need to put the previous (parent) transaction in a block for confirmation in which the two transactions will be confirmed at ones.

You can read this simple article to know more about CPFP
https://bitcointalk.org/index.php?topic=5309234.0
7520  Other / Meta / Re: Posting a single link without comment: Spam or not Spam? on: January 15, 2021, 11:51:41 PM
I do not think this should be considered spam provided the link is helpful and relevant with the topic, some of the links can be helpful at times, but most of the links are just spam, suspicious and useless while some can be phishing links. There are some people that will open new account and spam this forum with such and in which the link will not be relevant to the topic title and will not post any other content than the title and the link, this type should be reported and will be deleted. But, if the link is useful with the title, it should not be considered spam. But, at least, a good post will have few comments about links posted.
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