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8121  Bitcoin / Project Development / Re: Bitcoin Development Is Beyond Slow! IMHO! Yell at me! Prove Me Wrong! :) on: February 07, 2021, 05:40:07 AM
This might already happen implicitly. The forks so far showed that there is a large market for a cryptocurrency that stays mostly as it is. None of them comes even close to the market value of the cryptocurrency on the original chain.
That's not true at all. In fact the pioneer, bitcoin is changing every couple of years. We have added new things to the protocol such as new OP codes, have changed some consensus rules, fixed or improved some issues, added new script semantics, and a lot more.
The reason why "fork coins" (better said copycats) have been dumping ever since they were created is because they don't have anything new to offer, they simply copy everything from bitcoin and basically only change the name to "bitcoin-something".
8122  Bitcoin / Electrum / Re: Signing a transaction using Electrum without using a USB stick on: February 07, 2021, 05:08:14 AM
If you could write a small code you would be able to make "typing by hand" a lot easier for yourself if you simply converted the transaction (raw bytes) into a mnemonic (set of words) since typing words is easier than typing hex. In any case this is just an idea:

* You could use an altered BIP39 method (which also has a checksum for error detection). It will select 11 bits at a time and convert them to a word from the 2048 word long list it has. You will have to add the length at the beginning and pad it all with checksum.
The benefit of this is a slightly shorter result due to the larger word list. You may also already have the word list and the method to easily modify. It could also be added on top of any wallet.
The downside is that it is a little harder to implement since it selects 11 bits and we don't have any value type that is 11 bits.

* You could also use the more common PGP word list which contains two sets of 256 words and selects 8 bits (one byte) at a time and converts them to a word from that list depending on if it is an odd or an even index. If you want checksum you'll have to add it yourself.
The benefit of this is the easy implementation since we already have a value type that is 8 bits (a byte) and it is easier to select them.
The downside is a slightly bigger result and the fact that it needs its own word list which isn't available on wallets already.
8123  Bitcoin / Electrum / Re: Linux live USB (non-persistent) vs Tails? on: February 07, 2021, 04:53:37 AM
Live USBs and Tails are good for when you're on-the-go, but live USBs willl likely require you to reinstall Electrum every single time you boot them.
That is where "persistence" feature of Linux OS comes in, you basically store your session to be reused on any subsequent boots. You could also simply install the OS on a USB disk just like you would on a hard disk although you should be aware of your disk's lifespan and keep backups.

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If you go for the USB setup, be careful where you're going to plug it since it could still be affected by an infected PC.
This shouldn't be an issue although this could be mitigated to some extend by adding 2 partitions to the USB disk, one be a normal NTFS and another a Linux specific format. Windows AFAIK can only recognize one partition no matter what the other is! Also encrypting the home folder, etc helps too.
8124  Bitcoin / Electrum / Re: Where does Electrum save the transaction file?? on: February 07, 2021, 04:38:08 AM
Watch wallet though and the fees are at %160. Basically more than I'm sending. Is that normal?
It's hard to call it "normal" but it happens from time to time when the transaction fees spike (usually when price is very volatile like past 24 hours). You have to either wait for the mempool to clear a bit so that fees come down or set the fee manually to a lower value if you don't mind possibly having to wait a long time for your transaction to be confirmed.
You can see the mempool here https://jochen-hoenicke.de/queue/#0,24h yesterday fees were around 100 while today they are closer to 30 satoshi per byte.

P.S. Keep in mind that the fee you pay depends on the size of your transaction in (virtual) bytes not the amount of bitcoin you are sending.
8125  Bitcoin / Wallet software / Re: Extra security for a paper wallet on: February 07, 2021, 04:30:58 AM
We really need wallets to let users encrypt what they "export", sadly none of the wallets I've seen offer that option so far and it is very easy to implement too because what you import is either your private key which has an excellent and easy to implement BIP called BIP38 or it is a mnemonic (seed phrase) which is simply a string and wallets already have a code to encrypt anything using AES256, in fact they are already encrypting it when they store it to disk! And adding the option to encrypt/decrypt your mnemonic should be added to the interface too.

I still don't like using the extra word as an encryption method because the algorithm used there is pretty weak so it relies heavily on your passphrase (the extra word) to be extremely strong compared to what AES with a better KDF would do with a much simpler password.
8126  Alternate cryptocurrencies / Altcoin Discussion / Re: Introduce me to an alternative cryptocurrency that you think is "good" on: February 06, 2021, 04:13:28 PM
It is not the first Cryptonote coin, hence it's a fork.  Sad And your rules are pretty strict.
You can present your arguments on merits of a coin even if it doesn't meet all my "strict rules". For example in case of Monero the arguments could be about what new things does it bring to the table compared to another alternative or older project.

BTW by "fork" I mean something that is a direct copy of another project such as hundreds of coins called bitcoin-something that have little to no difference compared to bitcoin and have zero innovation, or a coin that copied another project changed the name and all they did was change the time between blocks, supply and trivial things like that which can't be called "innovation".
8127  Economy / Speculation / Re: How long the Bitcoin Bull run continues on: February 06, 2021, 02:19:06 PM
If there is an increase in the demand of stablecoins like USDT it means the price of Bitcoin will also be increasing? Upon what bases are you putting forward this claim? Do you even have any?
There is a very young FUD that started back in 2017 where people say bitcoin price has been rising only because they print USDT and pump it into bitcoin. That means a lot of newbies believe in such FUDs and think there is some reality there. The fact is that stablecoins in general are mainly used in pump and dumping altcoins and by traders who want to escape the volatility of altcoin market during bitcoin rises when they dump hard. There is also a niche market for those who want to transfer funds between exchanges which is where stable coins come in again.
Most of the times bitcoin/tether volume is less than 10% of the total volume.
8128  Alternate cryptocurrencies / Altcoin Discussion / Re: Introduce me to an alternative cryptocurrency that you think is "good" on: February 06, 2021, 10:03:49 AM
Reserved
8129  Other / Meta / Re: Decline of Marketplace activity/trading on: February 06, 2021, 10:01:31 AM
Thank you for proving my point.
I've been around for nearly 7 years and have been searching for a "good" altcoin for at least half of that time. Suffice it to say that I remain disappointed 99% of the time...
However, I would love to be proven wrong, obviously I haven't gone through tens of thousands of coins!
In order to not go off-topic any more than this here is a topic: https://bitcointalk.org/index.php?topic=5315116.0
8130  Alternate cryptocurrencies / Altcoin Discussion / Introduce me to an alternative cryptocurrency that you think is "good" on: February 06, 2021, 09:59:28 AM
This is not investment seeking or investment advice.

Tokens or basically any coin that is not a stand alone cryptocurrency (relies on another blockchain or platform) are not acceptable.


I want to see what altcoins you think are "good", have some innovation and deserve to be called "crypto-currency". Basically anything that can act as an alternative to bitcoin as a decentralized censorship resistant global currency.
I'm looking for detailed explanation not just name of some random altcoin.
Here is what you need to answer (feel free to add points you feel is appropriate at the end):

Name:
Reference implementation (source code on GitHub):

Is the link above original code (as opposed to copying/forking another project such as bitcoin core with minimal change)? (yes/no):
Is it truly decentralized? (yes/no):
(If the answer to any of the above 2 is no, don't continue)

Does it have any premine, instamine, shadowmine, ICO fund raising, etc?
(If the answer is yes, explain why you said yes to being decentralized)
Can any individual mine this altcoin? Mention the mining algorithm.
(If the answer is no, explain why you said yes to being decentralized)

Can any individual run the full verification node (or equivalent e.g. witness nodes in DAG based coins) capable of enforcing consensus rules of this altcoin? Mention some of the requirements.
(If the answer is no, explain why you said yes to being decentralized)


These yes/no questions should filter out most coins. If the coin doesn't have any of the above conditions then it doesn't belong here.
If you insist on still introducing it (like a coin with a huge premine) you better have a damn good explanation of why you think it still is a viable decentralized currency.


A short (max 100 words) summary describing the cryptocurrency:
(I haven't set any minimum because I want it to be in your own words not copied from somewhere like their website)

What makes this altcoin different from bitcoin as a decentralized currency?
(Just saying things such as "higher TPS", "bigger blocks",... is not acceptable. You have to be able to tie it all together, for example how does the coin has higher TPS and remains decentralized and how does it deal with blockchain bloat, node centralization, etc.)


What is the innovation in this project?
(e.g. what is new in this project or what new/different technologies is it using)
How is that new innovation used in real world? What real world problem does it solve?
(e.g. smart contracts are hot these days but they haven't solved any real world problems that couldn't be solved by bitcoin already)


Most important of all
Have you ever used this altcoin?
("Using" doesn't mean having bought or mined and stored it in a wallet to sell for higher price. Using means taking advantage of the innovation that you hopefully explained above, benefited from the features it offers, used it to pay for something just like any other currency, ...)
What wallet are you using for this coin (full node, web wallet, hardware wallet, custodial such as exchanges)?
Are you running or have you ran this coin's full node? Why not?


I may add some more questions here based on suggestions or replies.
8131  Economy / Speculation / Re: Since BTC doesnt open/close what time of day is the price most active volitile? on: February 06, 2021, 09:32:47 AM
Buy bitcoin when price back to 80% crash and don't sell.
It is always a lot better (for investors) to buy small amounts of bitcoin each time they have some extra money instead of waiting for some gigantic crash to buy. Because for starters the price of today (not literary but any day you think about it) can never be repeated ever again. For example the $2400 of 2017 was never repeated even though it was twice the previous ATH and even though we had a 80% crash in 2018.

Additionally history has proven that those who wait for such crashes never buy in them because it is extremely hard to buy in a situation when on one hand greed is telling you to wait more and on the other hand a lot of FUD is telling you don't buy there will be more gigantic crashes.
8132  Economy / Web Wallets / Re: Binance vs Electrum - safety concerns. on: February 06, 2021, 07:14:17 AM
Keep in mind that the risks are not just about "getting hacked" when you are trusting a third party. The more common risks is the company scamming you. For example they can use one of their terms (in the ToS you already agreed to) to block your account and never give back the money you had in their pocket. These terms can also change overnight and then they can block you using the new terms. That's just the normal stuff, the company running away with the money, etc is also possible.
Besides best case scenario is that you are trusting the company is both honest and solvent in case of a hack. They may very well declare bankruptcy and you'll never see a satoshi.
8133  Bitcoin / Project Development / Re: Sovryn - Brings DeFi to Bitcoin on: February 06, 2021, 06:10:59 AM
I have some questions/suggestions
- I suggest adding TestNet support, I personally am not going to use something like this in its alpha stage with real bitcoins specially since I'm not really familiar with RSK either. RSK already supports testnet bitcoin and there are already 1482 tbtc circulating there
- The "browser wallets" are a terrible choice, they are all browser extensions that are not safe at all to install on your browser. The project should support regular desktop wallets such as Electrum.
- If this is "decentralized" then why should users pay "you" 0.15% fee?!
- The Swapping page is currently empty. I'm curious about how it works. Is it P2P or is there again centralization involved and what are the fees?
8134  Bitcoin / Electrum / Re: Improving privacy with light wallets (SPV) on: February 06, 2021, 05:42:11 AM
You can create a read only wallet with many other addresses. Combine that with offline signing and you're safer too.
Interesting suggestion but I'd say it is risky.
If you choose addresses that may be known (eg from an exchange or a an individual) it may become apparent that they don't belong to you.
Another risk would be choosing a seemingly harmless address but end up being mixed up in some shady activity and unintentionally linking your address (and possibly more info about yourself) to those activities.
If the number of additional addresses is large it could also significantly slow down the wallet's performance as the number of outputs and the wallet size grows.
8135  Alternate cryptocurrencies / Altcoin Discussion / Re: [General] Electrum-LTC on: February 06, 2021, 05:24:47 AM
And others that I'm either forgetting or that I have not seen mentioned
There is a topic about it here with some additional ones, mostly unpopular though: https://bitcointalk.org/index.php?topic=4487291.0

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... In fact, if you look at the "old" ElectrumX code (before the author drank the koolaid and decided that BSV was all that and a packet of crisps)... you can see all the various altcoins that it supported.
Do you think I Should stop posting the ElectrumX doc then? Is there any new documentation link?
8136  Economy / Service Discussion / Re: Block Explorers bugs ?! on: February 05, 2021, 09:25:28 AM
If it's "how many transactions involved coins being spent from or sent to a script that can only be spent by signing a transaction with privkeyX (and only privkeyX)"... then the logic holds. Again, as I said, it was huge oversimplification.
Then the search has to be based on the public key at least not an address. An address as I said is contractually a fixed script and nothing else.
BTW most users won't even realize it if you send them some coins using their public key and a different address type.

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It's like if you google "cute puppies" but google shows you "bitcoin price" instead!
No... I think it would be more like if you searched "cute puppies"... and you got "cute puppies and kittens" Tongue
Cheesy
8137  Bitcoin / Bitcoin Discussion / Re: Need help moving "Pre-Forked" Bitcoin to a new address on: February 05, 2021, 07:20:52 AM
You must first create a new "cold storage wallet", based on the type it could be a new paper wallet, a new deterministic wallet or a new wallet in your hardware wallet. But it must be a new wallet with a new mnemonic (for HD wallets) or a new private key (for single key cold storage like paper).
Then send all your bitcoins to that new wallet.

Then search which shitcoins you have received and are worth claiming depending on how much they are worth.
Find a wallet that supports these shitcoins, usually there is a copy of Electrum called Electrum-shitcoinname or something similar (like Electrum BSV, Electron cash) but also you can use the closed source (but risky) wallet called Coinomi on your phone or desktop.
Import your now-empty-of-bitcoin cold storage into this (these) shitcoin wallets and spend your airdrops.

I made a topic back in 2017 for BCASH (called BCC for short back then), method 2 works now:
https://bitcointalk.org/index.php?topic=2054046.0
8138  Bitcoin / Bitcoin Discussion / Re: Is it wise to set nightly stop limit sell orders before you go to bed? on: February 05, 2021, 07:00:14 AM
Stop limit orders aren't any different from anything else you would do as a "trader" and whether or not using them is wise depends on your own speculation about the market again as a "trader". You have to speculate whether price is going to fall or rise during the time you are away and whether it will remain at the final price or will it be "fall and rise" or "rise and fall" (aka normal fluctuations) during that time.
For example you could place a sell order at $35k and price touches $35k and bounces back to $38k and you come back to see your account no longer has bitcoin balance but a fiat balance and you've lost a lot of money.
8139  Economy / Speculation / Re: Will market dump on Chinese New Year? on: February 05, 2021, 06:10:14 AM
For literary every occasion people say the same exact thing! They look for an excuse to hope for a drop and they have never happened for any of those occasions, sometimes they happen for different reasons which coincide with those occasions but never because of them.
From "it's the weekend" silly reasons all the way to "end of the year" reasons, none of them have ever caused a drop. For example the latest one was because of the 2021 new year and like every year people started saying "dump because of Christmas" and we saw that price actually went up during that time!

Here's another Chinese New Year Bitcoin price table from different source.

Year:2020
Pre CNY High:$8,500
CNY Low:$8,240
Price Drop:17%
Year:2019
Pre CNY High:$4,041
CNY Low:$3,350
Price Drop:50%
You got all your percentages wrong. The first one is only 3% and the second is 17% and the third is 50% (based on your own reported prices.

Not to mention that your prices are all out of context.
For example in the case of Chinese new year 2020 which was on January 25, price was continually rising from January 2 ($6903) for 17 days until January 19 ($9188) then the correction of that rise starts and price slowly goes down a little to $8252 on January 25. You can't possibly say this is because of Chinese new year and ignore the correction. The same exact thing happened in February or even last month or in November last year.
8140  Other / Meta / Re: Decline of Marketplace activity/trading on: February 05, 2021, 05:50:49 AM
But other coins 🪙 have purpose and value.
99% of altcoins only have a price, they have neither purpose nor value. Unless you count being pumped and dumped as a purpose.

This forum has shown a lot of anger an disrespect toward  other coins.
Respect is earned not given.

This hurts the forum as a person into Eth may simply see the forum’s title and not look at it all.
Nobody is "into ETH" they are all interested in making bets on the newest scam token and see if they can win some money.
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