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8521  Other / Meta / Re: Legendaries need love as well. on: September 05, 2020, 07:04:24 AM
What a struggle it has been to get my last 20 merits to get to my 2,000.

First of all, big congrats!

I feel you, but we both know that there are better and "slower" periods on merits. Last month seemed ..."slower". Maybe because of holidays too? I don't know.
But a lot of people will still merit a lower rank easier than a legendary because those need the merit points more. And it's OK.

I think that the only conclusion is: we still need much more merit sources.
8522  Economy / Economics / Re: Remote Working and Inequality on: September 05, 2020, 06:58:38 AM
but a lot of big companies - particularly tech companies - have said that remote working can continue in the long term. They are not going to say this if they've seen a productivity drop.

The bigger the company is, the more complicate the flow is.
Imho, the big companies will be able to fully assess only in 1-2 years if working remotely brings or not a productivity drop (and if it does, in what areas/projects it happens).
It all depends very much on the people working there - there are everywhere efficient workers, diligent workers and lazy workers - and it also depends on the type of work/project.

Also while planning or writing code can be easily done even on the beach, having meeting or doing support is sub-optimal if it's not in a "contained" (office) space, else the others will hear seagulls or kids (yours or neighbors') during the calls (and it also affects productivity).

Then keep in mind that not all employees have access to fast internet at home, for various reasons. And slower internet may also affect the productivity.


And I will also add that especially in the big companies there are always people on managing positions which will never admit that their projects' productivity dropped because they don't want to risk losing their position.

So..yeah.. it's complicated.
8523  Other / Beginners & Help / Re: Help with wallet and address distribution needed on: September 05, 2020, 06:42:41 AM
I got a idea that why not give them some satoshis and ask them to try it themselves: send, recieve or store.

Since doing these operations on Bitcoin network is either expensive, either slow, there are 2 other directions I'd think of:

1. Teach the users play with testnet. Both Bitcoin Core and Electrum do work with testnet and one can see how everything works.
2. Try the operations on the network of a cheap altcoin that works pretty much similar to Bitcoin. For this I'd recommend Dogecoin.

Of course, the downside is that the users don't play with the real thing, the so much valuable Bitcoin.
Still, it's an idea...
8524  Bitcoin / Bitcoin Discussion / Re: same private key? on: September 04, 2020, 02:20:49 PM
If it can happen, it will happen, this is how I see it.
~
The input in to SHA256 can be any amount of data up to around 2 exabytes (2 million terabytes)
~

I'll attempt an easier comparison (maybe not as accurate as yours, but still something more real that just numbers).

The chance is about the same as hand-picking the only one correct grain of sand from a beach, 4 times in a row (randomly different grains of sand for each 4 picks)
You can't do it with a machine (the numbers we talk about are so big the machine would not have enough power to only count those), so you'll have to hand pick.

Now think again about the "it will happen" part.


Edit: I improved (corrected) the math based on @o_e_l_e_o's post
8525  Other / Meta / Re: Should Bitcoin Wall Observer thread be deleted? on: September 04, 2020, 08:41:14 AM
This was my original motivation to write this thread

I think that the real motivation is jealousy.
WO is different from most of this forum and it's OK as it is.
Quite a number of people from there don't even read or post in the rest of the forum.
Quite some people from there don't even care about merits (long time legendaries).

So all this crying / useless drama only makes you ... look small.


PS. Merit is not everything.
PPS. Beware, addiction to Facebook likes is studied as disorder, try to not get something similar about merits.
8526  Economy / Speculation / Re: Why Bitcoin price are decreasing? on: September 03, 2020, 04:32:09 PM
I am thinking why Bitcoin price are going down? Is Bitcoin Bull run is finished? I want to buy Bitcoin, so is it the right time to buy Bitcoin or I will wait for a while.

There are 2 threads to read, exactly on what you've asked:
https://bitcointalk.org/index.php?topic=5273035
https://bitcointalk.org/index.php?topic=5273337

I will also quote one of my answers in those threads.

"Is it still best time to invest now with the current market price? Or will wait for bitcoin market to crash? What do you think?

It depends from person to person. Some will never invest telling that's expensive, some have invested at ATH and they're crying now and many did invest in all other times (and most are happy)
The best is to make sure you invest only money you afford to lose (or keep locked into Bitcoin for longer time) and invest at various different moments.
I've read a nice tweet not long ago, it tell is well:

Yeah I bought the $12k top yesterday.

I also bought the $10k top back in June.

I also bought the $7k top back in March.

See how this work?


#bitcoin


PS. Keep in mind that nobody can predict the future.
8527  Economy / Trading Discussion / Re: What the heck is happening to bitcoin! on: September 03, 2020, 04:27:57 PM
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

I am also a bit shocked. And that's because I probably had unrealistic expectations.
Still, this drop "only" sets the price back to where it was at the end of July.

It's not strange at all that some traders may have decided it's time to cash in. And of course, this can trigger a lot of stop-loss triggers and even more sales.

If you put it like this it doesn't sound as bad as manipulation, isn't it?  Cheesy
8528  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Pi Network value speculation on: September 03, 2020, 04:18:43 PM
Is Pi listed anywhere? Afaik is not, please correct me if I'm wrong.
So for now people rely on promises and wishful thinking.

As soon as Pi will get listed the price will go down, because many have "mined" it and many still "mine" it because that doesn't take resources (so it's more like an airdrop than mining).
And why would anybody buy Pi if they can get that by installing an app onto the phone?
8529  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 03, 2020, 04:14:02 PM
A good old weekend pump could be on the table  Grin

Hope so, else all the nice growth from the last month 1/3 of july went down the drain.

Edit: correction
8530  Bitcoin / Electrum / Re: Electrum wallet was hacked! on: September 03, 2020, 04:11:20 PM
My Electrum wallet has been hacked and all my bitcoins have been stolen. Is there anyway to find where the money has sent to?

Are you sure the "Electrum wallet has been hacked"?
Your funds can be sent away without hacking your Electrum. All the hacker needs is your seed. (I hope you didn't back it up in mail, dropbox or other electronic/online method and you used good old paper).
Also, as the others said, there's a very good chance it was you who has installed a malicious Electrum thinking you make an update.
8531  Bitcoin / Hardware wallets / Re: A ransom attack on Trezor's and KeepKey's passphrase handling on: September 03, 2020, 10:21:19 AM
I've read that the vulnerability was "responsibly disclosed", so the fix should be available indeed.
Also I wonder, if the attack targets passphrase... can't the user simply reset the device and restore from the seed with new/own passphrase?!
8532  Economy / Speculation / Re: Is it alright to invest with bitcoin at the current market price? on: September 03, 2020, 09:52:36 AM
"Is it still best time to invest now with the current market price? Or will wait for bitcoin market to crash? What do you think?

It depends from person to person. Some will never invest telling that's expensive, some have invested at ATH and they're crying now and many did invest in all other times (and most are happy)
The best is to make sure you invest only money you afford to lose (or keep locked into Bitcoin for longer time) and invest at various different moments.
I've read a nice tweet not long ago, it tell is well:

Yeah I bought the $12k top yesterday.

I also bought the $10k top back in June.

I also bought the $7k top back in March.

See how this work?


#bitcoin
8533  Bitcoin / Bitcoin Discussion / Re: Can I use unconfirmed funds? on: September 03, 2020, 09:41:40 AM
this is the answer that is most simple and easy to understand
so we can only make delivery transactions when the final or incoming balance has been confirmed or speed up the confirmation by using a larger fee to prioritize the incoming balance confirmation
Am I right?

Yes. Any transaction you make with unconfirmed inputs will (ever) get confirmed only after the input(s) get confirmed, so when "the network" "knows" you actually own those coins (with the note that this may happen even in the same block).
8534  Alternate cryptocurrencies / Altcoin Discussion / Re: Can I go into this crypto???? on: September 03, 2020, 09:36:31 AM
also be careful about over-hyped useless coins.

I wonder what coins are you talking about? Could you please specify?

From various Bitcoin forks/clones to the new DeFi tokens, most are over-hyped and most probably useless.
I can't tell names of such coins now because I simply stopped following every new bird in town.

Edit: I found a reference for such recent examples: DeFi scams [history]
8535  Other / Meta / Re: Is it time to have a Corona virus sub-board? on: September 02, 2020, 01:53:56 PM
No needed, it should be moved to Off-topic section IMO.

Yup, "Off-Topic" or even "Politics & Society" can have all of those.
8536  Bitcoin / Bitcoin Discussion / Re: Bitcoin is here to stay on: September 02, 2020, 10:10:29 AM
But here is my problem: I don’t understand how money is supposed to be created.

Knowing you have this problem, you should not have such strong opinions. Because, you know, you may have missed or misunderstood something.
So, no offense, but your point is completely invalid.
8537  Alternate cryptocurrencies / Altcoin Discussion / Re: Can I go into this crypto???? on: September 02, 2020, 09:24:01 AM
I've heard people talking about other Cryptocurrency and even I've known alot about some of them, I've made careful research about some I'm even yet to know about, but I've not seen too may people talking about Pinkoin and I'm about to join that, please can you share with me your views, I need to have good understanding of it before I go on. Thanks so much 🙏

There are 1000s of coins and tokens, most of them being useless clones of existing coins.
If you didn't hear many people discussing about that coin I've never heard about, maybe it doesn't deserve to be talked about. Be very careful about dead useless coins and also be careful about over-hyped useless coins. Make sure the coin really has the potential to be here in 5-10 years too.

Also maybe you search it wrong.
I've also seen that you may have misspelled it. Maybe a google search for pinkcoin site:bitcointalk.org helps.
8538  Bitcoin / Bitcoin Discussion / Re: Your keys, your bitcoin? on: September 02, 2020, 09:10:55 AM
"Your keys, your bitcoins" sounds logical too

It may sound logical, but it's not.
The possession of a private key can easily be one-to-many (one key, many people, as you said).


Because if it is not possible to prove the ownership of bitcoin private key in case several people besides actual owner know private key, then "Not your keys, not your bitcoins" doesn't make sense either. It is stupid to claim that, if there is no possible way to prove that keys were ever in possesion.

I think that you want to say something, but imho you're telling it wrong.
Bitcoin is about math (cryptography). If you have the proper key you can sign and spend. You are owner of those coins. The fact you may have not been the only owner is about semantics and inter-human relationships math and Bitcoin couldn't care less about them.

And in context of math (i.e. Bitcoin) I find your logic wrong.
8539  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 02, 2020, 08:58:52 AM
I must acknowledge, however, that those "cloins" helped me raise my stash by a few BTC.

Nice stash!
I was also helped by altcoins, but at least it was something honest imho (XMR), not a cloin (I like that name!)
8540  Other / Meta / Re: How do you encrypt bitcointalk messages? on: September 02, 2020, 08:24:46 AM
I'm sure that was referring to use PGP or similar, not the centralized privnote and I think that going on that direction is (almost?) off-topic.
I guess that nobody did care much of this, else we could have had already some helper scripts in the same way PGP can be used together with mail applications (I've even used that quite long ago).
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