I believe all the forked-bitcoin-shitcoins will be fighting/spread FUD/troll/gaslight/disinform to steal the “Bitcoin brand”, and the BTC ticker. Roger Ver fought for it, which destroyed his reputation.
It is not just the forkcoins, it will be all the other shitcoins too. Just like in 2017, in case you have forgotten the flippening nonsense started with altcoins such as ETH, DASH and XRP. Not surprising when they were also orchestrating some of the spam attacks in 2017 against bitcoin. |
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Etherium is $2,077.53, Bch is $553.44, litecoin is 205.39, BNB is $7.49, Ripple is $0.62, Dodge is 0.057214, dash is 0.00368
I think this should be a perfect time to gift your self some coin and save the future from much stressful hustle. Securing the future in our era doesn't require much stress any longer it's just a simple investment strategy following the leading of price chart.
You don't "save the future" by buying bags of shitcoins, specially the centralized useless ones such as BCH, ETH and XRP. You only secure your future losses by making such "investments" since these coins have no future, specially when they have unlimited supply such as ethereum. |
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I know it's not the solution, but I think everyone should use the extra word in their seed to prevent even the slightest chance that anyone will ever find your seed.
If it were possible to brute force or find a mnemonic of someone with balance in it then it would have also been possible to find a random mnemonic that generates the same address with balance that was derived using the seed + extension words. |
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It's about time, and they can still keep sat/byte if someone is not using bech32 address format.
It was just a UI change though not the code. The code has been correct and it was both reporting and measuring sizes in virtual byte unit but the UI was the only place that hasn't been updated and showed byte. Which wasn't the worst thing in my opinion since the Electrum target includes newbies that may have been confused to see that little "v" there! |
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Electrum supports this, just use Electrum
Electrum, as a wallet, has the option to import private keys and will add those keys with their corresponding addresses to its wallet file. The file that is a plain JSON and slows down the application significantly when the size of this wallet file grows big. |
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If you ask me, bitcoin presently is slowing down with the pumps becoming weaker on the market.
Bitcoin stopped having pumps back in 2013 when MtGox that controlled 85% of the market volume went down. If you mean "rises" then slowing down has never meant "becoming weaker". In 90% of the cases when the rise slows down in bitcoin and price stays stable in a fixed range with less than 10% fluctuation it means there is a massive rise coming and the stability is due to the large scale accumulation by market makers. Seeing the high volume also suggests accumulation for the next big rise. I reckon only more institutional investors’ billions can push this to the predicted $100k target
Bitcoin had a 13000% rise in previous cycle and it didn't have "institutional billions" to get there. So far we only had 3000% rise and in comparison that is tiny. Reaching $100k won't need any of that. Reaching $1 million in 2021 does. However, is Coinbase’ IPO another way or is the IPO positive only for Coinbase?
That seems to be only for Coinbase as a company and in stock market. It doesn't even have anything to do with the cryptocurrency world. It is just a company that is involved in cryptocurrency trading by offering a platform! That won't affect bitcoin price. |
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A couple of years ago they wouldn't have joked about it even, now they are starting to notice bitcoin as a viable payment option. Of course they are joking right now but they are also testing the waters and see what people think.
It may be a good thing that bitcoin is only on their radar instead of adding it because with the high fee situation that bitcoin has got going on it is not yet ready to be used as a payment on large scale. LN is also not quite ready to be used on larger scale (which is also affected by the on-chain fees).
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Altcoins was created while ethereum was the first altcoin ever created,
Shitcoins such as Ethereum were created long after the first pioneer altcoins were created such as Litecoin. The fact that problems such as the ones you explained exist (sending to wrong address) is mainly due to lack of innovation and lazy developers copying other people's code. For example LTC copying bitcoin and not changing that much led to its addresses being the same and people being in some trouble by sending to wrong addresses. The problem with tokens isn't serious though because the address is supposed to be the same. |
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I believe that reaching $100k is going to actually be very quick as the demand has been massive so far and the rise is not even close to what bitcoin used to have (10000% less that last time!!!) so there is still a lot of room to grow and the FOMO is very strong in bitcoin when price goes above certain price levels.
Also considering the fact that I believe bitcoin will reach at least $400k this year, the $100k target should not be that difficult to reach.
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Lol I've been in the bitcoin community since 2012. It is clear you have no idea what you're talking about. Early on we worked on colored coins that did exactly this. I'm just wondering why no one has continued the work.
Because such tokens have no real world utilities so nobody is really interested in using them. So far the tokens we have seen were created for pump and dumping and making the creators rich. There are of course stable coins that may have some utility but they are centralized which makes then worthless in nature since we have centralized money and payment systems already. Ethereum is also a coin, but you can mint NFTokens on its chain.
Ethereum is more like a platform not a coin, and ETH is referred to as the "fuel" for smart contracts not an actual coin. |
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if it is encrypted fully then I cannot extract other general information like the address right?
I need the password then I guess?
Yes. The full encryption means the wallet software encrypts everything there is in that wallet file and only stores the encrypted result on disk. To see any human readable content the file has to be decrypted first using the correct password. |
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It is a misconception to assume it was the decision of the miners (or the developers). When miners switch to a software update that is not fully compatible with respect to consensus rules, they think they can afford to do so because they expect they will still be able to sell the mining rewards. So people who criticize consensus rule changes should ask themselves whether they made sure they did not buy Bitcoins that came from these miners initially. If they did, they should admit that they actually paid for the consensus changes they criticize...
If miners or anyone else for that matter run a different software that has different consensus rules and mine blocks that are incompatible with the majority then they will be on a separate chain (ie. an altcoin). Someone who is running a bitcoin client doesn't have to do anything because they won't receive such transactions since they will be rejected behind the scene right away for being invalid. |
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This is what we called Real Pump and staying high .
These 2 terms are contradictory. A "pump" is not real rise, consequently it can not stay because it is unstable and the resulting price is always above the intrinsic value hence a "pump" is always without exception followed by a "dump" hence creating the term "pump and dump". Bitcoin is not a pump and dump. |
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Provided you have the skills. And probably even with a high level of trading skill, you can still only make much fairly accurate predictions.
Exactly. The more important thing to have is experience and the skills to trade. Otherwise without the experience the "discipline" would translate into bag holding and eventual loss. The 2018 to 2020 is an excellent example of people with discipline but no experience in the altcoin market. There are hundreds of topics in the altcoin board talking about how they have to be "patient" and not sell. Now they are all in huge losses. |
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Bitcoin is the "freedom coin" which allows anyone to use it regardless of their background or the amount or the way they are using it. That's the beauty of it. Whether it is individuals or institutions or whether it is buying $1 or $1 billion won't change the nature of bitcoin. If somehow they manage to stabilize volatility, then it is quite possible
They can't because they aren't participating in bitcoin market (ie. centralized bitcoin exchanges) and that is where the price and its volatility is decided. |
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What is interesting to me is that critics and skeptics were most engaged in the time of 2017 when the last ATH happened, but also in the crypto winter period from 2018 to 2019. It seems that the current price has impressed them a bit, so the criticism is getting weaker (it's not that they don't exist), but it should be said that some of the biggest critics have converted and become big proponents of Bitcoin.
This is because they come out during the times when there is an increased number of newcomers in bitcoin world, they target the newbies and feed them their FUD. Considering the fact that the media was talking about bitcoin a lot in 2017 and many people were starting to think about it, the FUD machine was also the most active. They obviously stay active during 2018 to say "I told you so" and pretend their FUD was right just because price dropped. They (again) obviously disappear when the reversal happens and price goes back up. They will come back when the hype in 2021 grows bigger and the number of newcomers increase again. BTW I wouldn't use the term "skeptic" or "critic" for these people because that is not what those spreading FUD are. |
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It's about time they did this! After about 4 years if there is someone out there that doesn't accept Bech32 addresses then users shouldn't interact with that person or service at all because they are either malicious or incompetent to not add a 4 year old Bitcoin feature.
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A paper wallet doesn't have to be a single private key, it can also be a master private key or a mnemonic. Nowadays all the bitcoin wallets are HD and they support BIP32 and BIP39 (or an alternative to it). You can simply create the mnemonic and store those 12 or 24 words on a piece of paper calling it "paper wallet". Then each time you use a key you simply send the change to a new address and don't use the old one again. If the old one received any bitcoin in the future you still have access to it because you have your seed to generate all child keys.
P.S. When sweeping/spending coins from paper wallet you should also do it offline.
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The amount in mempool is manually adjustable?
Mempool is the pool of transaction in each bitcoin full node's memory (RAM). Depending on how much memory they have available or want to dedicate to their full node the size of it can be different. Normally they set it to a value that can contain all transactions most of the time, but it can change to bigger or smaller value. When it is smaller they usually drop low fee transactions and only keep the high paying ones that have a higher chance of being confirmed. 10 minutes later when the next block is mined, are outstanding transactions prohibited from going into the previous block if there is still room?
When the block is found it can no longer be modified otherwise it will change the third field called "Merkle Root" and make the block invalid. How will transactions be recorded after the last block is mined in 2140?
The same way they are today assuming Bitcoin protocol doesn't change in 100 years from now. |
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