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7781  Other / Beginners & Help / Re: Will governments around the world ask data from exchanges? on: November 19, 2020, 08:06:41 AM
The OP should know there are two types of exchanges, the custodial and the noncustodial exchanges, most custodial exchanges require kyc, they require it because they are regulated by their countries governmental policies, there are some countries that have dawning to pay crypto taxes, there was even a man jailed in US recently for evading crypto tax on coinbase or so. Governments have trying their best to compromise cryptocurrencies, and they are making use of the exchanges in question to do this. The exchanges are complyimg to governmental rules and regulalations and they will not insist to leak data for the same governments if need be.
7782  Bitcoin / Bitcoin Discussion / Re: Why you should NEVER buy Trezor one on: November 19, 2020, 07:58:30 AM
Getting a better cable will be good, but if you think you are done with your prefer Trezor one, and you want to buy another hardware wallet, you suggested Trezor Model T, it will be fine but I believe you may not still like cable of a thing connections, It will be good to just get ledger nano x, you can connect to ledger live directly with the use of bluetooth, that will be good for you, and you can connect and operate it on your phone as easy.
7783  Other / Beginners & Help / Re: Master Private Key for Beginner on: November 18, 2020, 06:53:43 PM
...
Thanks for the correction, I was using coinomi before I joined this forum, at the time, I had to convert to electrum. I downloaded electrum wallet from scatch unknown to me I got something wrong while importing the seed. Your points are so clear and correct, although I was newbie at the time and did not know much about wallet. I appreciate the correction.
7784  Bitcoin / Bitcoin Discussion / Re: Bitcoin’s Taproot is ready, but unlikely to be included in the next release on: November 18, 2020, 04:08:14 PM
Okay, so when do we expect it to be released?
The problem there now is that bitcoin developers do not want a situation that will lead to hard fork, where some bitcoin communities will not support the new proposal, they are making moves and debating in a way the new upgrade (taproot, tapscript and the schnorr signature) proposal will be acceptable so that all miners will accept the upgrade in order not to lead to hard fork. So, the time this will be introduced into bitcoin core is when all possibilities has been considered in a way hard fork will not result as all bitcoin miners would have agreed to upgrade.

This could be difficult because normal multisig transactions have higher fees that is paid for transactions if compared to normal single wallet transactions. So, the new upgrade to multisig will make the transaction fees to reduce to be like a single wallet transactions, and in a way the transactions will be indistinguishable with normal single wallet payment. It can be difficult for some miners to agree to this new upgrade because of the reduced transaction fee, and it can lead to hard fork as said above.

Only the time all bitcoin community have agreed for the upgrade will possibly be the time it will be implemented on bitcoin core for hard fork not to results.
7785  Bitcoin / Bitcoin Discussion / Re: Mathematical Calculation to Determine ATM Buy-Fee? on: November 18, 2020, 12:20:32 PM
Example: I want $300 in BTC. I can look up the current actual price of a WHOLE BTC; the atm displays the inflated, fee-inclusive price of a WHOLE BTC. What is the smallest number of mathematical steps to determine the amount of $ I need to feed the machine in order to wind up with $300 worth of BTC? (Obviously, the numbers will change while feeding the machine, but should be close enough for practical purposes...)
I do not think the feeling that will be deducted will be displayed, but, like we have ones commented, try to contact the atm's customer care care near your location. Or, maybe you do not know how beneficial coinatmradar can be. You can use it to check for the bitcoin atms near your location, you can use it to even trace the atm, the number and email you can contact the company managing the ATM is there also. Just check coinatmradar.com for this.

Assuming
The price of bitcoin is $17000
The amount you want to buy is $300 like you commented
The transaction feels is 10% (the fee are usually high and always in percentage of btc amount you want to buy)

Fee is 10%, 10% of $300

10% of $300 = $300 * 10
                                   100 =   $30

$300 - $30 = $260 is what you will be able to buy.


1 btc = $17000
X btc = $260

Then cross multiple
X btc = 1 btc * $260
                      $17000

X btc = 0.0152941176

After $10% fee is deducted, you will be given 0.0152941176 btc as the bitcoin purchased.
7786  Bitcoin / Bitcoin Discussion / Re: Mathematical Calculation to Determine ATM Buy-Fee? on: November 18, 2020, 09:10:37 AM
On coinatmrader, each atm has email and phone number you can contact, the emails and phone numbers are for the purpose of customer support because it belongs to the company managing the atm. Op can just contact them through these, even the email will work fine without no money to waste.
7787  Economy / Speculation / Re: Whats causing the re rise of BTC? on: November 18, 2020, 08:21:34 AM
Who is buying the bitcoin? That we don't know for sure, but Grayscale's number of bitcoin in custody has risen by a lot, so by this, we could make an assumption that the institutional investors might be buying in. That, or the current bitcoin holders are continuing to buy in, hence the price rise without that much hype(like in 2017) with retail investors.
You are just very right about whales/institutions responsible for the recent bull run, I created an article about this like two or three days ago which I believe will be helpful on this thread.

The Google Trends interest is relatively low for the keyword “Bitcoin” while on-chain data shows smart money is accumulating BTC. Bitcoin (BTC) is continuing to show strong momentum even after a major rally. In 2017, when the price of Bitcoin hit an all-time high at $20,000, the retail demand was at its peak. Google Trends data soared, mainstream media coverage noticeably increased, and spot exchange volumes exploded across major markets, especially in South Korea and Japan. This time, the Google Trends interest is relatively low for the keyword “Bitcoin” while on-chain data shows smart money is accumulating BTC, which means possibly High-net-worth investors are buying Bitcoin


Bitcoin mean transfer volume. Source: Glassnode

Another Glassnode metrics paints a similar trend. The number of Bitcoin addresses holding more than 100 BTC hit a seven-month high at 16,271. And, Whales consistently buying Bitcoin over the past few months is optimistic in itself. But, Woo emphasized that the number of new whales has also increased.


The number of addresses holding over 100 BTC. Source: Glassnode

Google Trends data shows relatively low retail interest

Bitcoin search volume on Google. Source: Google Trends

Nevertheless, while the search volume for Bitcoin remains low, there is a particularly high interest coming from states like Hawaii, California, Nevada and Washington. But despite the high interests in these areas, it is still researched and known that whales are responsible for the recent increase in bitcoin price.

The fact that larger hands are accumulating BTC instead of retail investors also explains the somewhat suppressed mainstream interest in Bitcoin. Various metrics, including Google Trends, have shown lackluster mainstream demand for BTC despite its parabolic rally in recent months

Institutional "FOMO" makes the current BTC rally stronger than previous cycles
Whalemap analysts described the recent spike in demand for Bitcoin from whales as “institutional FOMO.” FOMO, short for "fear of missing out," refers to a trend wherein investors increasingly buy into an asset fearing it will continuously surge. Referring to a chart showing whale clusters and inflows into whale wallets, the analysts said: “These are the levels and this is what institutional fomo looks like.”



Whale clusters emerge when whale addresses — addresses that hold over 10,000 BTC — buy Bitcoin and do not move it for prolonged periods of time. This shows that whales plan to hold their most recent BTC purchases in their personal wallets.

https://cointelegraph.com/news/bitcoin-whale-clusters-show-institutional-fomo-is-behind-the-btc-rally
https://cointelegraph.com/news/silicon-valley-and-smart-money-are-behind-this-bitcoin-rally-data-suggests

https://cointelegraph.com/news/grayscale-now-has-half-a-million-bitcoin/amp


Bitcoin Holding in Companies
https://bitcointalk.org/index.php?topic=5282052.0
7788  Other / Beginners & Help / Re: New Mac Update Leaves Users No Room to Escape Data Collection on: November 17, 2020, 09:51:36 PM
I don't know about many other Operating systems out there but i tend to lean more to Linux when it comes to privacy.
Linux, it is free and also open source and has been the best for privacy advocates. But there are still ways experts do bypass those companies that do invade privacy, but apple is making it very difficult for people to have privacy to the extent nothing private about the people that make use of the devices from the company. If OCSP are not encrypted and can be used to known users data by apple company, that means no privacy at all, the governments will also want to abuse it.

https://www.coindesk.com/new-mac-update-data-privacy
“Not only is Apple exposing its customers to risk from the company’s own executives and corporate decisions, but it’s also creating a moral hazard for governments, inviting them to coerce Apple into (ab)using this facility to harm – not help – its users,” said Doctorow..
7789  Other / Beginners & Help / New Mac Update Leaves Users No Room to Escape Data Collection on: November 17, 2020, 09:25:58 PM
I have just read the latest about the new update of macOS, Big Sur. It is said to be a privacy invading update in a way Online Certificate (OCSP) Status Protocol requests are unencrypted and so 'vulnerable to passive monitoring'. This is the end of privacy to Mac users because everything about them is no more private to the extent VPN and Tor will not be able to bypass this. I could not believe before that iCloud data are unencrypted but it is true and now I bprivacy . I think this can be a thread for bitcoin and wallet users that are using macbook. These are the important points that I gathered below.

Apple’s most recent update, Big Sur, makes a feature that logs device activity for offline (and online) applications practically impossible for privacy solutions to bypass. VPNs and other firewalls cannot circumvent the feature. Security researchers suggest that users who care about their digital privacy explore other, open-source alternatives.

On Nov. 12, Mac users complained their computers were acting sluggish. This sluggishness coincided with the release of Big Sur, the latest Mac update fro Apple. After the update was released, a technical error disrupted the servers Apple uses for OCSP requests, the packets of data that verify a computer’s SSL certificate when it accesses online applications. Apple devices were shutting down because these OCSP requests weren’t reaching Apple servers



As some users looked closer, it became very clear why the devices failed when the OCSP servers were failing: Every time a user opens an application (even an offline one), that action is being tagged and traced by Apple’s OCSP servers. This feature was introduced in Apple’s Catalina update, but certain tools (like Little Snitch) could be used to bypass it. Now, with Big Sur, there’s no practical way for average Mac users to thwart the feature.

But these new revelations demonstrate some of the inherent flaws in centralized data collection – you have to trust Apple not to share this information (or trust them to not be coerced into revealing it to a government agency). In this case, though, Apple’s siloing of data through Big Sur may not even be the primary issue because these OCSP requests are transmitted unencrypted, meaning the contents can be read by any surveilling party that intercepts them. Thus, if Mac users want out from under Apple’s eye, they’re going to need to explore alternatives.

Mac update enables offline activity logging
“On modern versions of macOS, you simply can’t power on your computer, launch a text editor or eBook reader, and write or read without a log of your activity being transmitted and stored,” hacker and security researcher Jeffrey Paul writes in a blog post.

The problem, though, is these OCSP requests are unencryptedand so “vulnerable to passive monitoring.” This leaves the data open to collection and parsing at the hands of “large-scale passive monitoring organizations” such as the U.S. National Security Agency (NSA).

Telemetry is a diagnostic process by which servers track how a device is used. Paul said the problem with Apple’s system here is that because this data is not encrypted, third parties can read it. Any entity tapping into these lines of communication can see what applications someone is using and when they use them. Before the Big Sur Mac update, VPNs or firewalls like Little Snitch would have kept your computer from leaking information. But Big Sur trumps this, said Valdas Petrulis, co-founder and lead software engineer at Mysterium Network, a decentralized VPN protocol..

This can later pose a threat for we bitcoin users that makes use of bitcoin wallets on MacOS computers, we need privacy, but tech giants like apple is trying all its best to finally compromise the privacy in a way we can not safely make use of Tor and VPN for bitcoin wallet privacy puroses.
https://www.coindesk.com/new-mac-update-data-privacy
7790  Other / Beginners & Help / Re: Master Private Key for Beginner on: November 17, 2020, 08:06:57 PM
...
I understand your point and you are totally right, but the reason I made such comment is because I have tried to import seed phrase from Coinomi wallet to Electrum wallet before, they both claim to be BIP39, but it did not work, but sweeping and importing of private key should probably work fine, There are some wallets that you can not import BIP39 seed phrase to if it is from another wallet of another type like the one I just commented about, but if it is the same wallet it will work fine. But, unlike master private key that will work on any wallet that support private key import. Please, correct me if getting it wrong.

the beginner must be careful, every extended MPK had a specific derivation path, they must know they address using legacy, nested or native segwit.
You are right, but it will be fine if they use electrum wallet for this purpose. There are many wallets that support legacy, compatible and segwit addresses all together too.
7791  Economy / Gambling discussion / Re: THE MOST PAINFUL DAY IN MY BETTING CAREER on: November 16, 2020, 12:35:21 PM
I too experience the same in basketball i thought that cleveland would make another miracle in their game against GSW. But looks like lady luck is not on my side, they lose the series with 4:0. I should have not, bet against GSW knowing that they have a pretty strong roster.
I guess what i can do is accept what happened, and move on. Now i only bet small amounts, because i fear of getting rekt once more.
Every bettors would have experienced such a thing before, there can be unlucky games for bettors, I have played a football game before, I chose a very strong team, the strong team score at the beginning of the match, while the match was going 1-0. After 90 minutes of the match, they were given 4 minutes extra time, but after the 4 minutes, around 94 minutes and 26 seconds, the weak team scored and the match was ended immediately. That is just gambling for everyone of us, it can also happen in a way you would have thought to have lost a match but immediately after 90 minutes the club you chose will scored and win, games ares unpredictable.
7792  Economy / Gambling discussion / Re: Gamblers lose more money than win. on: November 16, 2020, 12:28:46 PM
Obviously with the house advantage, the probability that the gambler may end up in profit is less than 50%.
It depends, there are some leagues the away advantage is more, also are some leagues their is no home or away advantage. And in the leagues with home advantage, gamblers still lose the more. The more people gamble, the more there can be their losses, that is why it is good not to be addicted or play frequently, because gambling should just be entertaining and using a low amount of crypto we can lose will be the best, In a way we can lose and not affected.
7793  Economy / Gambling discussion / Re: Sports betting strategy advice on: November 16, 2020, 12:23:49 PM
Depends actually with your bankroll, diversifying bets isn't bad depends on where your most knowledgeable. I never bet on sports that i don't know because it will be to risky especially when im betting high because its the most fastest way to earn. Also choosing the right platform with simple mechanics and good odds that can 3x, 2x your money in just one bet is one of the key.
I like your idea, I too prefer sport gambling, especially the football aspect of sport, I know about football, I can make analyses to predict matches before the match starts at all, because of this, sport gambling has also been my best. But, what I did noticed is that no matter the strategy, the more someone play the more the loss, but accumulating games and using very low amount of money will be good and safer.
7794  Economy / Gambling discussion / Re: Online Gambling could be used to pay for covid problems on: November 16, 2020, 12:18:11 PM
Yes, the government will not stop just because people will make sure that their economy can run well. Maybe people need to support whatever the government does and wait and see what will happen later after the government applies it. If that can change better, then what we think is wrong because it is normal to have negative thinking before we know how good the result.
The governments can be so selfish and selfcentered at times, as risky as gambling is, if they try to regulate it, possibly, there will be the demand for taxes, which means if gamblers lose, they lose for nothing sake, but if they gain, the governments can make it mandatory to pay 10% tax of their gain. Gambling is too risky for such in my opinion. There are many gambling sites that are better and that I can make use of without any taxes being paid. If this is the case, then I can make use of them.
7795  Other / Beginners & Help / Re: Importance of reading the profile. on: November 16, 2020, 06:17:29 AM
That is very bad of the scammer and I am so sorry for the victim. But, is there nothing you can do like reporting the bad guy to telegram? That name is so similar to yours and everyone are not that smart to determine earlier until they are scammed. I will advice you to look into it to know anything you can do to curtail this from being repeatedly happening. Because, if nothing done now, very possible many other people will still be victims, probably.
7796  Bitcoin / Bitcoin Discussion / Re: The Bitcoin movement launches its first limited edition streetware collection on: November 15, 2020, 09:48:58 PM
I'm more of a cynic and would assume the inverse.  They're probably just using Bitcoin's brand recognition to sell clothing. 
I too having such opinion as a second thought, no bitcoin logo, the streetwares will be too difficult to be identified for the bitcoin adoption purpose. Also, only 50 hoodies, 125 Hats and 125 T-Shirts will be available, this means it will be so limited, how can bitcoin be known using this means if limited supply of such shirts are available. I also believe now that they are only using bitcoin name for selling their limited supply streetwares at a very expensive price, because I am pretty sure their prices will be so expensive.
7797  Bitcoin / Bitcoin Discussion / The Bitcoin movement launches its first limited edition streetware collection on: November 15, 2020, 08:47:58 PM
The Bitcoin Movement is delighted to announce its first VeChain ToolChain™ powered artist collection of 300 limited edition pieces. Proof of authenticity and product details will be accessible through the Bitcoin Movement app.The collection was designed in collaboration with British rapper and entrepreneur Zuby to create a first of its kind, limited edition streetwear collection. Dubbed “Take the Power Back”. The collection will officially go on sale to the public on 14th of November at 5pm EST exclusively through The Bitcoin Movement’s online shop. Only 50 hoodies, 125 Hats and 125 T-Shirts will be available.



The prominent design feature of the collection is the number 21 Million which has become a symbolic figure in the Bitcoin community. This number relates to the total number of bitcoins that will ever be issued and is what makes bitcoin one of the most scarce assets known to man. In his own words, Zuby explains “I wanted to design a collection that inspires people to take control of their money, whilst empowering and uniting them through participation in the Bitcoin network. Bitcoin is known as the currency of the people and it puts the power back in our hands.”



Artist and founder of The Bitcoin Movement, Daryl Kelly comments “I wanted our first blockchain limited edition collection to be truly representational of the philosophy of Bitcoin. Embodying the attributes that have made it so disruptive, successful and attractive to those who seek truth and transparency. Every aspect of this collaboration was carefully curated and we hope the result is a body of work that further educates people about Bitcoin and the power of blockchain technology. We hope this collection will find its place in history as one of the early truly verifiable limited edition blockchain-based streetwear collections.” Kelly continues “As Bitcoin becomes more mainstream people are starting to understand why the underlying technology is so groundbreaking and it is this hard cap of 21 Million bitcoins that separates it from anything the world has ever seen before. Gold is scarce, but it will never be ‘provably’ scarce. Few understand the difference.”

Originality Creates Value. Scarcity Protects It. — Is their company mantra.
https://btcmvmnt.medium.com/take-the-power-back-cd1978906a3d
https://m.youtube.com/watch?feature=youtu.be&v=1m4jU18wir0

What did you people think about Bitcoin Movement? Can it helps in bitcoin adoption? Or to just advertise the company?
7798  Other / Beginners & Help / Re: Learning is unending process! on: November 15, 2020, 07:42:35 PM
6. Anonymous is a big key to a better and secure way of doing transactions. There are many bad people anywhere and getting anonymous will not help them noticing the amount and transactions you made. Doing transactions in cryptocurrency will not involve getting identity to the public like in those banks that you need to do KYC. KYC is dangerous to you because it might be use by others not the right way. As much as possible avoid getting into KYC (Know Your Customer). There are few exchanges and wallet appears to be asking for KYC and there are some that are not so chose well the best that suit you the best.
You are right, anything about fiats requires kyc, while governments are the ones regulating it, it is completely centralized, the cryptocurrencies called CBDC that the governments are trying to create now too will be centralized and this type of coins will compromise privacy more than ever, that is why we should specify centralized and decentralized cryptocurrencies. Also know that cryptocurrencies like bitcoin transactions are not anonymous but privacy remains, bitcoin transactions can be tracked on blockchain but using new address for each transaction can increase your privacy, while some coins like zcash, dash and monero transactions are anonymous because they can not be tracked using blockchain.
7799  Other / Politics & Society / CorronavirusVaccine rumours debunked: vaccine 'Altered DNA' claims on: November 15, 2020, 12:19:30 PM
A White House correspondent for a pro-Trump website, Newsmax, told her 264,000 followers on Twitter to "beware" the Pfizer/BioNTech vaccine. Emerald Robinson claimed in the Tweet: "It tampers with your DNA." The BBC asked three independent scientists about this. They said that the coronavirus vaccine would not alter human DNA.



It appears the people spreading such claims have a fundamental misunderstanding of genetics. The vaccine contains a fragment of the virus's genetic material - or RNA. "Injecting RNA into a person doesn't do anything to the DNA of a human cell," said Prof Jeffrey Almond of Oxford University.

Part of the misunderstanding seems to stem from the type of vaccine being developed. The Pfizer/BioNTech vaccine uses messenger RNA, or "mRNA", technology.

It works by giving the body instructions to produce a protein which is present on the surface of the coronavirus. The immune system then learns to recognise and produce antibodies against the protein. Ms Robinson's tweet included the assertion that mRNA vaccine technology "has never been tested or approved before". It is true that no mRNA vaccine has been approved before, but multiple studies of mRNA vaccines in humans have taken place over the last few years. Prof Almond says that the Pfizer/BioNTech vaccine is the first to show the efficacy that would be needed in order to be considered for licensing.

Side-effects claims
Another claim in Ms Robinson's tweet was among the most widely shared anti-vaccine themes this week. She claimed 75% of vaccine trial volunteers had experienced side-effects. But Pfizer and BioNTech have reported no serious safety concerns in their trial. Many vaccines do have side-effects. But the vast majority are not nearly as scary as anti-vaccine activists would have us believe.

Prof Ward pointed out that these kinds of side-effects are also experienced by a high number of people receiving the annual flu vaccination. The side-effects are usually mild, wear off after a couple of days at most, and can be alleviated with paracetamol or ibuprofen.

Full data about side-effects has not yet been published for the most recent phase of the trial, but Pfizer has confirmed they observed no serious side-effects.

For full information about this
BBC News - Vaccine rumours debunked: Microchips, 'altered DNA' and more
https://www.bbc.co.uk/news/54893437
7800  Alternate cryptocurrencies / Altcoin Discussion / Re: Super-Expensive Bitcoin Wristwatch on: November 15, 2020, 06:46:07 AM
https://news.bitcoin.com/bitcoin-com-reveals-limited-edition-bitcoin-cash-wristwatch-crafted-by-luxury-watchmaker-franck-muller/
Bitcoin.com Reveals Limited Edition Bitcoin Cash Wristwatch Crafted by Luxury Watchmaker Franck Muller

The leading cryptocurrency web portal Bitcoin.com has partnered with the Swiss luxury watch manufacturer, Franck Muller, in order to create elegant crypto themed timepieces. The titanium, limited edition functional bitcoin cash watch is called “Free the Money, Free the World” and will be sold for crypto on Bitcoin.com.

Edit your topic from bitcoin to bitcoin cash and move it to altcoin discussions.

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