Bitcoin Forum
June 30, 2024, 09:27:01 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 [466] 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 ... 1160 »
9301  Economy / Scam Accusations / Re: Virtual Miner: Another scam offer from Yobit. on: September 02, 2020, 04:14:13 AM
This Yo token seems to be the most attractive shitcoin in the history. Can you believe that one Yo token costs about 0.06750000 btc according to https://yobit.net/en/trade/YO/BTC But if you look deeper in its trade history, it's clear how bots create fake trades.

that's why they keep gathering bitcoin (by these different so called "investment" schemes). they use those funds to pump and dump different shitcoins, not jut their own token, and make money doing so. there are coins there without any volume that suddenly jump up with clearly fake orders placed clearly by the exchange itself since nobody else can do it that way through their API.
9302  Other / Beginners & Help / Re: Loses to invest in Bitcoin, back to Bitcointalk on: September 02, 2020, 03:29:22 AM
However, I still invest in Bitcoin. But it often fails.

what do you mean "it often fails"?

the only way you fail is if you didn't "invest" in bitcoin and were trading instead and were losing money on trying to predict a market that you didn't have any experience in. or you were then investing bitcoin in an altcoin and since they always tank you lost money.
otherwise if you really "invested" in bitcoin (which means buying something and not touching it for a long time) there is no way you could have failed so far.
9303  Bitcoin / Bitcoin Discussion / Re: How do "they" tag BTC (from gambling, mixers, dark markets, etc.)? on: September 02, 2020, 03:06:52 AM
General comment.  I sense, have no proof of course, that all this "analysis", KYC/AML, PofFunds, etc. is all aimed at making BTC less useful.  And by the "usual suspects" (.gov and/or banks).
maybe a handful of them have some government ties but majority of them are just opportunists who have found an area that wasn't saturated already and started a business to make money. that's why we see all these chainanalysis services grow like mushrooms over the past couple of years. and that's why most of their services are pretty crappy too.

Quote
Since converting to BTC costs money (always more than 1% in my experience, often MUCH higher (BTC ATMs)), it's beginning to look like BTC will not be a game-changer for privacy.  If the exchanges get overly picky about sources of BTC and make it harder to cash out, then that is bad news AFAIC.
its a bad news for these  exchanges and people who want to day trade bitcoin not for bitcoin or bitcoin users.
another thing to keep in mind is that the entire system is not mature enough yet. for example how many major popular bitcoin exchanges we have? it is still only a handful. so they all have the power and don't have to compete with anything. if instead the number of exchanges was 50 (keep in mind that it is a global market) and they had to compete to get customers and stay afloat then they could never lose business by closing an account just because it contained a history of coinjoin transactions. additionally if majority of users were using coinjoins and other privacy oriented things then again these exchanges had to close all accounts instead of a select few.

with that said i believe that slowly but surely things will change. for example if we look back a couple of years ago (eg. 2012-2013) there were only 1 big exchange (85% of volume) and a bunch of small ones but today there are more users, more exchanges,... this is just a period that we should get past before people realize  bitcoin is not just something you trade on a centralized exchange to make fiat profit.
9304  Bitcoin / Bitcoin Discussion / Re: Bitcoin is here to stay on: September 02, 2020, 02:35:58 AM
This is a mistake.
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
that's just your opinion

Quote
After all, even if it has a host of technical limitations and flaws,
show me one invention in the entire human history that doesn't have limitations and flaws.

the trick has always been to create something that is better than its predecessors, to solve problems in a better way than others and to improve different aspects of the existing systems (in this case payment system) and bitcoin has done that very well.

Quote
And bitcoin is not as easy to move money as
you are right, it is so much easier to move bitcoin than it is to move money because there is no bank (aka the middle man) to interfere and cause problems and slow things down or even block you.

Quote
But it’s a hedge, or an investment, or a speculative play, or a currency trading instrument, and those are all ways of getting one to your place of business, or to the point of travel, or to a lender. And, hence, it’s all there in one place, in crypto.
again that's just your opinion.

Quote
In that sense, bitcoin is both a new form of money
you don't have consistency in your statements, you just contradicted yourself!

Quote
Bitcoin is hardly the first effort to create some sort of secure virtual currency that was supposed to replace the US dollar, or a basket of other currencies, or whatever.
bitcoin IS the first successful decentralized currency that was created and has been running for more than a decade servicing lots of people all around the world 24/7.
but it was never meant to replace anything.

Quote
ht tps://www.truepnl.com
what's this spam link doing here?!!
9305  Bitcoin / Bitcoin Discussion / Re: Why isn't there an official bitcoin wallet? on: September 02, 2020, 02:22:37 AM
Bitcoin Core is the official bitcoin wallet.

bitcoin core is the reference implementation of bitcoin protocol. there is no such thing as "official" in a decentralized system because there is no centralized authority to release one.
9306  Bitcoin / Bitcoin Technical Support / Re: [Guide] People Trying to Recover wallet.dat on: September 02, 2020, 01:00:47 AM
- Finding or Buying wallet.dat from Marketplaces with 50+ BTC in it

if someone colors a piece of wood yellow and sells it to you as a bar of gold, you don't end up owning gold no matter how much you try. you still own a yellow wood!
that's what these "wallet" files are, they are fake manipulated files that easily fool greedy people thinking they have won the lottery and can now become rich.
9307  Bitcoin / Bitcoin Technical Support / Re: How to change fee when already set final on: September 01, 2020, 05:35:36 AM
not really, there isn't any easy way of doing it. that's why it is called "final".
of course you can always perform a double spend but the problem is that when bitcoin nodes receive a transaction that is final (aka it is not longer market as RBF since its sequences are set to max value) they consider any new transaction, even the same with higher fee, to be a double spend attempt and reject the new one. so your new tx with higher fee will not propagate and will not reach any miners.
that means even though there are ways to create a new tx with higher fee, there is not much point in doing so.
9308  Economy / Speculation / Re: Your plans for the coming bull on: September 01, 2020, 05:24:13 AM
The 2016/17 bull run was just for about 9month and it hit around $20k,
wrong. the previous bull run started in the last quarter of 2015 and lasted more than 2 years going from the bottom with a very long accumulation period at $200 and then ended at $20000.
similarly this time the bull run started in the first quarter of 2019 after a very long accumulation at the bottom at $3000 and it is still ongoing and probably last until the end of 2021.

Quote
I never thought it will end so soon then,while I was still strategizing on how to get the best of it, the time was up, it was like a movie as it was sliding down gradually,hoping it will rise till today,
well that's the problem when you ignore bitcoin for 2 years while it is in a bull run and only pay attention to it when the hype part of the bull run (which is the closer we get to the end) starts. you miss the entire thing.

Quote
the few project campaign I participate in then were just what payed me well, few of them dropped their token which I never touched till today because they have so much lost value, now as the bull run commences,let's say it runs for a year, how many project campaign do you plan to cover within the period?
why would anybody want to waste their time on garbage tokens and copycat shitcoins? you can spend the same amount of time into literary anything like working in a fast food restaurant flipping burgers and make a lot more money then buy bitcoin with it!
not to mention that when you help scam ICO tokens or scam altcoins advertise their garbage you are also a partner in crime because you are collaborating in the scam.
9309  Economy / Exchanges / Re: Are bitmex just trying to scam with their kyc policy? on: September 01, 2020, 04:59:39 AM
but binance and bybit both have similar services and aren't doing kyc verification?

Yobit is a shady exchange that will never ever have KYC in any form because the only reason why anybody would ever use their service is that they are shady and won't ask for KYC ever.

as for Binance it could still be considered new and they are asking for KYC but not forcing it yet because they are fighting the regulations in the fear that they too will lose the position in ranking they temporary have which belonged to a series of other exchanges as #1 and be replaced by another one just like how they replaced their predecessor as soon as they forced KYC.
9310  Other / Beginners & Help / Re: Wrong conception on: September 01, 2020, 04:26:27 AM
Can you put a tl:Dr of a summary or the quote at the top?

The post looks quite big and I'm not sure newbies will stick around until the end.

this. and your title is also not good at all. when choosing a title you should try to be concise and to the point. "wrong conception" is too broad and vague to interest anybody to click on it and check it out. it also is not possible to find it by searching. but a clear title that says what the topic is about like "keys are stored in wallet, coins on blockchain" is so much more comprehensible.
9311  Bitcoin / Bitcoin Technical Support / Re: [overview] Recover Bitcoin from any old storage format on: September 01, 2020, 04:11:39 AM
What if I store my privkeys and all these wallets over CLOUD services?

cloud services can never be an option and here is the problem, when you store your private keys on a cloud server you need to encrypt it first. and we are talking about a strong encryption which means you now have to create a backup of that strong (long and random with symbols,...) password so we are back at square one of you looking for a way to store something!

Late response... not that I'm endorsing the idea of uploading client-side encrypted files to cloud services (as it's still risking centralized server usage), but regarding the long password to remember. Personally I find a 20+ character (mixed letters, numbers, symbols, caps) password more than sufficient, which takes usually a month to type-train to gain muscle memory, and can then otherwise be used as a shard stored (or re-sharded) elsewhere to store as a backup. Dividing a password into three/four parts, stored with different people in different countries, is a pretty reliable mechanism to rely on given memory loss or otherwise. Just make sure the different people don't know each other is a good start  Wink Or alternatively don't provide them access to a backup file, so a password combined together wouldn't amount to anything on it's own. Hence sharding.

Then get creative and engrave the sharded password in three trees of different forests, bury some backups in different locations, just cos you can  Tongue

you go through all that trouble and in a couple of years go through all that trouble again to recover the password just to realize that your cloud account is not longer accessible whether because the account was disabled or hacked or just simply wiped because the service provider decided to do so.
now you have a password but nothing to decrypt Wink
9312  Bitcoin / Development & Technical Discussion / Re: Bitcoin Empty Blocks on: September 01, 2020, 03:54:37 AM
But wouldn't this create many empty blocks eventually after the decades of transactions?
no, because we are talking about finding the hash within a ~second and the chances of that happening is very small that it has happened very rarely in the past 646k blocks.

All it would take to stop empty blocks from being mined is simply not allowing miners to solve a block's hash without downloading the entire content for that block. I think a simple line of code could even solve this. No?
it is not that simple and there is already a much better solution: incentive. when the price is high and block reward is low and the total fee is a meaningful amount of money, it means if the miner finds an empty block they lose all that extra income.

I personally think the block reward should be stripped from empty or stuffed blocks. It's just causing inflation for now real benefit.
the bitcoin design is that you get paid for the "work" you have done and you do pretty much the same amount of work for an empty block or for a full block so you get paid for it all the same, meaning the reward can not change.
9313  Bitcoin / Development & Technical Discussion / Re: Shortest possible raw transaction (below 85 bytes possible)? on: September 01, 2020, 03:48:50 AM
Sigscript "015b" not OK, but "02015b" is - those "double-length bytes" is an annoying feature...

it is probably because you haven't learned what they are and what they do, and i'm guessing you are creating all these transactions by hand instead of by code.

there are a bunch of size or lengths in bitcoin specifically in its scripts. a varint or compactint for the size of the entire script which is not part of the script itself but part of the transaction letting us know how many bytes to read to reach the end of the script. here they are 01 for the first and 02 for the second.
you should compute these after you are done writing the script and for example if the script was 254 bytes it becomes 0xfdfe00
https://en.bitcoin.it/wiki/Protocol_documentation#Variable_length_integer

then there is items (bytes) that are supposed to be pushed to the stack. in a P2SH signature script it ends with the redeem script which is 0x5b and since it is one byte you use 0x01 but the same example above if you wanted to push 254 bytes it becomes 0x4cfe
https://en.bitcoin.it/wiki/Script#Constants
9314  Bitcoin / Electrum / Re: Electrum wallet user Lost $16M in Bitcoin. on: August 31, 2020, 01:47:15 PM
i'm very skeptical about this story because i have a very hard time believing someone who had $16 million worth of bitcoin wasn't using hardware wallets, didn't take care of basic security steps such as verifying the signature of the wallet he downloaded and was using an online PC to store his fortune!
just about everything is wrong with the story and it would have only made sense if he had a bitcoin or two not 1400!

Is Binance's CEO fudding on Electrum for some reason? Tongue
he just found yet another hot topic and is trying to get his name (and his centralized exchange) heard and gather twitter followers.
9315  Bitcoin / Bitcoin Technical Support / Re: Sending bitcoin to multiple addresses at ones on wallet on: August 31, 2020, 09:38:28 AM
usually wallets do support sending to multiple addresses and all you have to do is click a button like "add new recipient" or simply add more addresses in a textbox where you enter the recipient address and separate it with a new line. it all depends on the wallet you use, you'll have to look into the options your wallet offers. you can also always ask the developers to add the feature if it were missing.

in Electrum for instance it is the new line thing. you choose the Tools > Pay to many option and enter each address with the address, amount format each in a new line.
9316  Economy / Service Discussion / Re: Can I call this the "right way of mixing"? on: August 31, 2020, 08:36:37 AM
And if I'm anonymous during this process, shouldn't I call this a way of mixing?

short answer is no, you are not really anonymous.

but it depends on who you are trying to hide from.
for example when you do this, an average Joe on the internet knowing your address can no longer track your coin movements, balance,... or maybe a family member or a friend that may know your address.
but if it is the government, the tax man,... that you are trying to increase your privacy against then they won't have any problem tracking you. for starters the centralized services you use (eg. the Casinos) will most probably keep a record of your IP address, browser finger print and other information you are leaking while visiting their website and your bitcoin addresses. additionally since it is a centralized service and is probably known, their addresses can be linked together and with some chain analysis they may figure out your coins too. for example if you deposited 65,479,531 satoshis and withdrew 65,024,111 then there is a good chance the second transaction belongs to you too. that becomes harder the more popular the service is and the bigger difference between the deposit and withdrawal amounts.
9317  Economy / Speculation / Re: Something unexpected needs to happen? on: August 31, 2020, 05:52:10 AM
because the economic crisis is decreasing but does not make the market continue to decline, it is evident that after the mass decline in March now market conditions have started to improve, it indicates that investors believe that the economy will grow after this crisis.
and isn't that so, after the crisis the economy will grow even bigger.

to be fair one way of looking at the current situation is that price just came back to normal and what we had recently was not a rise or market conditions improving, instead it was simply a (reverse) correction of an unreasonable crash due to the pandemic which had nothing to do with bitcoin.
remember that price was around the current price before the pandemic and it was actually rising trying to enter above $12k-13k levels.
9318  Other / Beginners & Help / Re: Can StableCoin address of a CryptoCurrency exchange be frozen? on: August 31, 2020, 04:24:54 AM
it depends on how you define "being frozen" (since you mention exchanges).

when you deposit some coins (whether it is stablecoin or anything else including bitcoin) to an address provided to you by an exchange you do not own that address, you only own an account and the exchange owns the address while letting you access a number in their database representing how much you deposited.
obviously they can freeze your "account" if you deposit coins that they don't like. this affects everything from bitcoin to stablecoins, tokens, shitcoins,...

but when you send coins to an address that you and you alone control (created the private key locally and store it that way) then whether it could be frozen or not depends on whether the coin is centralized or not. for example nobody can ever freeze bitcoin coins. but when the coins are centralized, they are like accounts (exchange account or a bank account) and the centralized authority can easily freeze them or even move the coins.
all stablecoins that i have seen so far (that are in use and are stable) are centralized.
9319  Bitcoin / Bitcoin Discussion / Re: How do "they" tag BTC (from gambling, mixers, dark markets, etc.)? on: August 31, 2020, 03:42:37 AM
what is the site that screenshot belongs to? i really wish the address wasn't omitted so that we could investigate more or at least have the site to try other addresses and see the results.
in any case in most cases i've seen the "taint analysis" is pretty crappy. for example the worst thing i have seen so far is walletexplorer.com (belongs to a blockchain analysis company) used to categorize a lot of transactions that had absolutely nothing to do with coinjoin under "coinjoin mess".

as for how, they always use the known information and follow the transactions down the line to try and link them to some sources. exchanges, gambling sites,... all have publicly known addresses and it is linked to their hot wallets and is linked to all the transactions they send (both withdrawals they pay out and deposits they move). similarly a lot of other places including dark market also have known addresses. you'd be surprised to learn how many of them are linked to their coinbase accounts! just check the news of how they catch them from time to time.
9320  Bitcoin / Electrum / Re: Electrum - Trezor (any hardware wallet) privacy question on: August 31, 2020, 03:24:23 AM
I guess Thomas V doesn't respond here much, but this thread subject is kind of important I think.  I will wait a day or two and if all is still silent I may bring this over to GitHub.

his account hasn't been online for nearly 2 months. you may want to send him a personal message since by default users receive an Email when they get a PM and that may get his attention.
https://bitcointalk.org/index.php?action=pm;sa=send;u=3137
Pages: « 1 ... 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 [466] 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 ... 1160 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!