some of them may be malicious but generally speaking i think they choose the money printing solution because they don't know what else to do and more importantly because it is the easiest thing they can do that won't affect their administration. for example when an administration prints a shit ton of money it won't crash the economy the next day. instead it would take quite a while before we start seeing the inflation by which time the next president is going to be in office and has to deal with the problems the previous one put in his plate and he also chooses the simplest solution: print more money.
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and why do you prefer to use Bitcoin Core? What would be the advantages of using Bitcoin Core directly versus using myNode or Umbrel? Umbrel seems like it also comes with alot of other features such as the Tor network, access to the lightning node, etc.
if you want to run a full node and not store any significant amount of bitcoin in it and aren't going to rely on it for any kind of security-sensitive operation (eg. a merchant receiving payments) then go with whatever implementation that you feel more comfortable with. if it is otherwise then you have to worry about security. i don't know what myNode is (do you have any links) but Umbrel is very new and very insecure to use right now. there is even a very responsible warning on their page which you can refer to for more details: https://github.com/getumbrel/umbrel/blob/master/SECURITY.mdon the other hand, bitcoin core is the reference implementation of Bitcoin and is the oldest one (started by Satoshi Nakamoto) with the most number of contributors and smallest chance of having serious bugs.
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Am I the only one that starts unseeing bitcoin as a medium of exchange?
unfortunately you are not wrong. the increasing fees and the volatile market are the two main reasons why bitcoin can't seamlessly act as was meant to. for some reason the scaling discussions seem to have stopped after 2017 whereas it should always take place. as Antonopoulos once said scaling issue is not something you solve. instead it is something you fix for now then in the future fix it more and more. 3. Psuedo anonymous - many see it as a benefit of using bitcoin but that's the only reason why bitcoin is increasingly being used by illegal miscreants or terrorists. That's worrying - look at Europe now!
if you consider this an issue then you should never use fiat anymore because for every single satoshi that may be used for something illegal there are trillions of fiat dollars being used by terrorists.
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I thought yesterday that the price will hold above $14,000 levels after the closing handle did that.
i didn't really expect it to keep rising after getting close to $14k let alone break the $14k itself. it is back to my original post about "history repeating". you see we are not yet at the end of the cycle to see gigantic rises nonstop. it is just a start and we should expect only small rises like this with lots of small corrections but each time setting a new high. this trend will continue unless there is some unexpected big thing happens.
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There is no exactly the same situation, especially when it comes to Bitcoin. Besides, conditions in the market are never the same and there are so many factors and circumstances that might affect Bitcoin price. History might repeat but that is not the only argument you can stick to to predict possible price growth, in crypto world that doesn't count.
i agree, and i also always say that history doesn't have to be repeated. but is the conditions in the market really different? most of them are very similar and are being repeated in pretty much the same way as 2016 and 2017. i already covered price and volume which can be seen on charts. we have more adoption from regular people to institutional investors which is a lot more than before. we also have more countries changing their laws to adopt bitcoin again similar to 2017. we have a lot of big names like paypal adopting bitcoin (like we had Steam, Microsoft,...). we had scaling debate in 2017 which was keeping bitcoin back, now we have Corona that is doing it. but now we have fiat inflation that easily negates that. it stands to reason to say that even though there are some differences but the main factors are still there and even though we may not see the same exact movement we can see a very similar one.
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it definitely is the type of news that could bring some hype to bitcoin market for a little while but the importance of the news is very little because it only becomes important when they allow their users to dump their paypal dollar to buy bitcoin and then withdraw those bitcoins to their cold storages. otherwise when they only allow them to store coins in their paypal wallet and never cash out, that doesn't mean anything.
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since it seems like you care very much about hypothetical situations lets assume another thing, lets assume you are have sold the small amount of bitcoin you had and now for quite some time you have been very desperate to buy back but since price keeps going up now you can no longer afford to buy even half of what you sold. how long would it take for you to panic buy in at a much higher price?
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when you say so,is it really exactly the same?. because the news or whatever that affects the price of bitcoin every year is not the same. for example bitcoin is now being adopted by paypal, which in previous years this never happened. so whether it will be exactly the same as the previous year's chart history. it depends on what you mean by "exactly the same". is it exactly the same to see a year of bear market with about 80% drop followed by months of accumulation where FUD is spread about a huge drop right before price rises 100%? then yes it was exactly the same. is it exactly the same to see the rally start slowly after that accumulation with some drops caused by panic sells while the long term is still rising? then again it is exactly the same. .... it doesn't have to be repetition of previous year but the past 3 years are the repetition of the 3 years before 2017 (from 2014 to 2017 and now from 2017 to 2021 is being repeated).
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Election in US I think it will increase the prices.
it is possible that some people get hyped up or maybe some people get scared and panic sell but US election won't have any big or long term effects on bitcoin price because it is a very irrelevant thing as far as bitcoin (the global decentralized currency) is concerned.
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a couple of years ago when the news about Japan adopting bitcoin blew up the internet and the price both, i said that other countries will slowly start following them. ever since then we have seen many other countries get more positive towards bitcoin and accept it with less hassle. this case is one of the newest ones in the series of country-wise adoption of bitcoin.
as for Venezuela's economy i don't think this could change anything about it. there are just too many issues with that country preventing any kind of economical growth.
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This is probably one of the biggest disadvantages of bitcoin and I think many of us have the same problem, I cannot give my family direct access to my coins since that will be foolish but in the case something were to happen to me I would like them to use the money I have invested in bitcoin to improve their lives and yet their complete lack of interest on the subject impress me.
like everything else in bitcoin you have the full authority to decide what to do with your bitcoins after you pass away too. this is not a disadvantage but a great advantage. in other circumstances with fiat for instance you would have had to rely on centralized entities such as shady banks, the government, lawyers,... to handle it for you but now you can do it all on yourself.
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I never thought Craig Wright was Satoshi Nakamoto. I can't conceive a mind, that had the vision and the drive to create Bitcoin and all that it represents, is so self-centered and in-search for fame. The bees always come to the honey.. Let's not start this discussion again, though. I am 100% sure that Craig is not Satoshi. It is an interesting analysis, though.
although it is annoying to see this scammers name here every now and then but i think it is a necessary evil because if we who know for a fact that he is a scammer stay silent then the large campaign of misinformation will convince the newcomers otherwise, and that is dangerous thing to let scammers do whatever they want.
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Man, I'm personally a huge bitcoin bull, but this is definitely not it. While bitcoin can rise 10-20% in a day out of nowhere(just like it just did recently), the opposite is just as possible(just like what happened a lot of times earlier this year).
it is never out of nowhere though. whenever we had a big rise like 30% in one day it has been because price wanted to go up slowly (like 5% in a day) but it was prevented by manipulators and newbies so it turn into a compressed spring that when let go it sprung up to the sky. it is all the build up that blows up. same with drops, if it is prevented from going down if it is meant to go down it suddenly crashes. but there is another case in drops which is when the panic sells hit and they are also immediately followed by a reversal rise.
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Do we really need bitcoin? Most of the members here will say yes
when everyone disagrees with you then it means you are wrong not everyone else bitcoin is a currency and it is needed. it gives up the full control over our own pocket instead of relying on third party shady people called banks who are involved in a lot of illegal activities and money laundering. i can pay for anything on the other side of the world in matter of seconds and without any middle man or anyone capable of censoring it. if you don't see the need in that then you shouldn't even be in this forum!
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i don't know why you think they are "rushing" to build their own coin but i have seen a couple of them struggling to get the project to start for a while now. i believe i saw the first one over 3 years ago. so far we haven't had anyone even being close to finishing, some of them realized it is a pointless effort as people aren't going to go for it any more than they go for the banks already and they can't compete with the decentralized money aka bitcoin.
so they are just a threat to their own pocket since it costs a lot for them to create it.
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a fee market that turns the block space into a valuable commodity that can not be cheaply spammed. but the problems begin when the fees remain up after the spike. for now it hasn't been long enough to become concerning.
Wouldn't that affect the adoption in real world? The fee is high enough at the moment for paying $100 and lower. I have done a tx recently with a fee of $6 but it's still unconfirmed (it's because of the price increase though,otherwise, it would be lower). We need solution of adoption of Lightning Network I think, to use BTC for paying 100 bucks or lower. having short term spikes like this has been common and they have never affected bitcoin adoption (at least if they had any effects it is not felt) because as we can see the adoption has been growing very nicely so far. but as i said if the fees remain up without any hopes of them coming down then it can be terrible for adoption.
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so far the repetition of the history has been on point. it is not just the price either it is all the movements down to the general sentiment of people around the web. it is making a nice shift from the "it is too hard to reach $10k by the end of 2020" to "new ATH in 2020 is easy". these are all signals for the start of the big bull run which should be very similar to the start of 2017. my guess is that the next bubble isn't that far. we can easily see it by mid 2021.
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If these tools could bulk work on files with multiple strings (like input.txt->output.txt) this would be perfect. Maybe someone knows what should I use? I'm not very good at coding, so I'm looking for something simple to use/install.
if you tell us what you are trying to do we can help you better. for example why do you want to create so many WIFs? the text conversion specially when base58 is involved will be very slow and since it is not a normal thing, the chances of finding a program that does what you ask here is little to none. but for example if you were trying to brute force a key, there are better tools available without needing this method. or if you were trying to create a paper wallet, then you should use deterministic setup and only have one master key.
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this is not at all uncommon to see the old coins move specially when there is a price rise happening or the fees are starting to spike up. it is a consolidation plus enjoyment of the profit from the ongoing rally. for example during 2017 we saw a ton of old coins move, a lot of them were after the SegWit softfork to SegWit addresses while some claimed and dumped their shitcoin gifts.
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From what I can tell it seems to tightly correlate with gold.
that is because you looked at a very tiny portion of the chart while being too zoomed in. bitcoin has been traded for about 10 years now and if you look at its charts (zooming out) you can see that there has never been even a small correlation between the two ever.
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