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9341  Other / Beginners & Help / Re: [GUIDE] List of scripts and which one is used in each address prefix. on: August 28, 2020, 04:21:29 AM
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P2PK - Pay to Public Key
The oldest (so obviously beginning with "1"), and also an obsolete, bitcoin script.
there is no address for P2PK scripts  and they are not exactly obsolete, they are just not common anymore otherwise it is standard and practically do the same thing without hashing as P2PKH.

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Note: to wrap a script inside another script, you put the signature of the inside script after the signature of the outside one, then use the hash of the inside script somewhere in the outer locking script.
i can not for the life of me understand what you are trying to say here.

we have a redeem script, a signature script (scriptsig) and a pubkey script (scriptpub).
the redeem script is the script you use to "lock" the coins up and only reveal its hash which would be placed in the pubkey script of the transaction output.
while spending that redeem script goes into the signature script as a data being pushed to the stack since signature scripts spending a P2SH output must be push-only. then there are optional other data pushes (like signatures in a multi sig scheme) that should be placed before redeem script inside signature script.

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P2WPKH - Pay to Witness Private Key Hash
it is hash of "pubkey" not private key.
9342  Bitcoin / Bitcoin Discussion / Re: Would it be possible to develop crypto address validation technology? on: August 28, 2020, 04:01:27 AM
maybe add "Thenameofcoin" at the first of address can be the option right now for developer of the coin but its really hard right now with bunch of altcoin right there

this is exactly what the new bitcoin address encoding known as bech32 introduced. there is a human readable part at the beginning of each address (yo see it as "bc" for bitcoin mainnet addresses followed by '1' or the separator) where any shitcoin that copies bitcoin can also use with its own name.
currently a couple of these copy shitcoins are using this encoding. for example bcash is using the "bitcoincash" hrp for its addresses.
9343  Bitcoin / Bitcoin Discussion / Re: What happens to Bitcoin in the long term? on: August 28, 2020, 03:51:56 AM
when bitcoin started miners were receiving 50 bitcoins for every block they were finding and that was worth nothing at first ($0) and eventually after 4 years it reached about $100-$150 per block.
today the miners are getting paid 6.25 bitcoins for every block they find and that is worth $71000+
in other words the reward has already decreased 87.5% while the amount of money they are earning has increased 71000%.

as bitcoin continues growing, its price will continue rising. there is also a lot of improvement in mining hardware (AKA ASICs) where they become more efficient and less costly which means hashrate will grow even if price stayed the same.
9344  Bitcoin / Development & Technical Discussion / Re: Is this P2SH _obviously_ vulnerable? [0.1 tBTC stake] on: August 28, 2020, 01:54:57 AM
"Everybody" is talking about Bitcoin privacy and anonymity, tumbling, washing, and methods of cracking the public ledger (blockchain) vs anonymity nut.

How about simply sending whatever you wish to hide to scripts that won't translate to public addresses as they are currently defined, as they cannot be tracked/traced by major block explorers on the web?

unless the blockchain analysis code is written in a naive way, they don't follow addresses but instead follow "coins" aka the "transaction outputs" which means it doesn't matter if your output script is one of the standard ones (that has an equivalent address) or a non-standard one.
9345  Bitcoin / Bitcoin Discussion / Re: Chris Larsen, Chair Of Ripple, Argues China Can Reverse Bitcoin Transactions on: August 27, 2020, 05:14:09 AM
all of this imagine this and imagine that, we don't have to imagine anything for ripple since it is already 100% centralized and they have also already reversed transactions. the rest of the nonsense regarding bitcoin mining and hashrate being "centralized in China" is an old FUD that has been spread for years starting from 2013 (maybe more). there is just no point in repeating the same responds over and over!
9346  Economy / Speculation / Re: Bitcoin Prediction 2020 - 2021 on: August 27, 2020, 04:48:38 AM
but with the current market situation and the world, will that big increase happen in such a short time because I am personally unsure about it.

specially because of the current situation in the world this time the rise is going to be a lot bigger than all the times before. you see the governments have been printing money nonstop due to the pandemic and the economy crashing. that has started the devaluation of fiat specially the US dollar which may not be palpable right this moment but over time the effects of it will start showing up.
so even without adoption and the natural rise, the bitcoin value against USD and other fiat currencies will rise up because of that. now when you add the adoption on top of it, you can expect a much bigger rise.

as i've said before $400k to half a million for the next bubble peak is not going to surprise me.
9347  Other / Beginners & Help / Re: Is Arbitrage legit? on: August 27, 2020, 04:16:54 AM
Is it viable then to develop my own program and assemble a team in order to scout for opportunities on all the exchange sites, as a hand-developed bot would be legit? And since the concept of arb is legit it should work out overall.

the time and money that it costs to build something like that is not worth it in my opinion. i have done it myself a couple of years ago and kept the bot running for a moderately long time and i have to say the profit was not large enough to make it worthwhile specially since there is a big risk involved that has led to some losses during this strategy that eats through the small profit.
9348  Bitcoin / Electrum / Re: Unconfirmed balance. on: August 27, 2020, 03:48:41 AM
you could try and load the transaction directly by having the transaction ID of it or the raw bytes in hexadecimal format. all these options are found under Tools > Load transaction in your menu bar. for instance you could use the From text option and enter the raw tx hex (taken from blockchair.com)
Code:
0100000001b61b6c852c9104a597e1dd39783bd376092f568a05f5a9897ac590fb2135d3f2000000006b483045022100bb177b57e46abe5150e5e933d49b1f9dbdeb847d68411724ec4c98f13bb0c03602207dc89b4e47fcc37b05d559cb2ce5d36d54a5cd48a932696dc3e80abf4ab345a601210218d8381b1215738eaef782b7f2427bb30e3944dd7dbb87bd9d6b65c2abaa0817ffffffff02100f0400000000001976a914e3461c2a90751916363f9974c98b6d09f6abc0a688acfe0f1000000000001976a914b1de7562083571e7d5ba102b86b9e249bdc46f3588ac00000000
and click broadcast.
9349  Bitcoin / Development & Technical Discussion / Re: What's stopping OP_CHECKMULTISIG extra pop bug from being fixed? on: August 27, 2020, 03:39:15 AM
a dummy value at the beginning of the unlocking script like OP_0 or something.

there is a partial fix for this in BIP-147 that was deployed with SegWit soft-fork that forces this dummy value to be OP_0 whereas before it could be anything and waste more bytes.
9350  Bitcoin / Development & Technical Discussion / Re: Is this P2SH _obviously_ vulnerable? [0.1 tBTC stake] on: August 27, 2020, 03:28:00 AM
Cool! Today I learned an UTXO does not necessarily belong to regular addresses, only a tx hash, that block explorers have a hard time figuring these out. P2S FTW!

that's correct. at protocol level there is no such thing as "address", there are only scripts that depending on the pubkey script they are evaluated in different ways and have to end up with a "true" at the end indicating success (with some other conditions which i skip for simplicity).
the "address" is just he human readable form of pointing to a handful of predefined scripts.
9351  Other / Beginners & Help / Re: Despite printing stablecoins daily, why is bitcoin yet to cross above 20k on: August 26, 2020, 05:40:41 AM
the main use case of stable coins such as Tether is for shitcoin trading and the more shitcoins that are created and traded the more stable coins must be printed to satisfy the need of altcoin pump and dumpers and the sheep that fall into their trap. there are currently nearly 10k shitcoins in existence with about 6.5k of them being actively traded on major exchanges with total volume of more than $100 billion on daily basis.

if you compare Tether total circulating supply of today with the number of shitcoins with the same numbers in another year like 2016 you can clearly see how the growth in number of shitcoins and the volume justifies the Tether supply.
you can also compare the total shitcoin volume versus Tether with total bitcoin volume versus Tether and also compare this last one with total bitcoin volume versus fiat and you can see that only 2 or 3 % of bitcoin volume is in Tether and the rest is in fiat whereas the rest is coming from shitcoin trades.
9352  Economy / Speculation / Re: Bitcoin can fall up to $9k or rise up to $17k - which one will happen. on: August 26, 2020, 05:25:56 AM
I keep repeating it, and I'll keep repeating it -- over the long term bitcoin will not be able to sustain prices above $10k. We'll be back under before the end of the year. Probably bounce around for years while generally moving down toward $1k. Clear as daytime light.

that's true you keep repeating the same bullshit on each cycle and just change the number. you did the same in 2015-2016 at the beginning of the bull run saying it is and i quote "confirmed fact that bitcoin will continue its historical down trend" while price was rising towards breaking the previous ATH and continuing to the new one, exactly like today.
you repeated the same thing in 2013, 2012,... and basically each time the rise is starting Cheesy
9353  Bitcoin / Bitcoin Discussion / Re: Would it be possible to develop crypto address validation technology? on: August 26, 2020, 05:09:15 AM
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You cannot change the address format of an Omnilayer address. A valid OmniLayer address has to be a Bitcoin address; the transactions are being done on the Bitcoin Blockchain itself. If the address isn't a Bitcoin address, then the transaction wouldn't work.

it makes no sense to do something like this because you are still sending bitcoin on bitcoin blockchain to a bitcoin address but it is not impossible to implement considering the fact that we have 2 separate "wallets", a bitcoin wallet and an omni wallet.
so theoretically tether could introduce a different wallet encoding (or simply a different version byte) so that its addresses are rejected by the "bitcoin wallet" and the bitcoin addresses are rejected by the "omni wallet" while they both decode to the same scriptpub.
9354  Bitcoin / Bitcoin Discussion / Re: Millionaires: % of BTC Owned by 100 BTC and above. Achieving BTC Millionaire! on: August 26, 2020, 04:28:24 AM
I think only the winklevoss twins go screaming everywhere how millionaire they are... But is not the smartest move.

they are running a business so it is a smart move to advertise that business!

damn hard to hack a paper wallet in a safety deposit box Smiley
it is super easy with a 5 dollar wrench.


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so it goes...also if you have been on Bitcointalk since say 2009 or in my case, 2013..it is not a hard thing to find out... I mean..it is not like when I first got to 50 BTC at
being around doesn't mean they also own bitcoin specially not large amounts. many buy small amounts, many lose their coins or spend them,...
9355  Bitcoin / Bitcoin Discussion / Re: Would it be possible to develop crypto address validation technology? on: August 26, 2020, 04:14:48 AM
I feel like this is such an essential thing to have in the crypto space if it's to ever have a serious chance at mass adoption. The fact that this easy mistake can be so calamitous and with no customer support because... well its crypto, seems like a fundamental flaw.

i don't think so.
you see any coin that has a similar address as another one obviously had lazy developers who didn't care or even know about how to change a single line of code to produce a different looking address that is invalid by the wallet of the coin they are copying. so by definition that is a shitcoin and is useless. consequently it doesn't have any adoption let alone want to enter mass adoption.

there are exceptions like tether that don't have a network of their own and rely on bitcoin network. when you send tether you are actually sending them on bitcoin blockchain and to a bitcoin address so it makes sense that the address is the same.
9356  Economy / Speculation / Re: Something unexpected needs to happen? on: August 26, 2020, 04:00:11 AM
besides, bitcoin can also advance and change. it is not like the design is absolutely unchangeable. it is not significantly changed so far because there is nothing better to change to. which means even if a much better solution were found, bitcoin may be the one finding it and using it first!

I'd like to think that too. However, if I'm being honest, that's sort of at odds with Bitcoin's very slow and methodical development culture. It's also at odds with these words from Satoshi:

The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime.

Let's imagine proof-of-stake was actually solved, and reasonably secure. Do you think Bitcoin would switch to it? I don't.

The same goes for things like total supply and emission rate too. We don't know that a firmly limited supply is the optimal route in terms of long term mining security; it's experimental at this point. But either way, do I see Bitcoin hard forking to increase the 21 million cap? No.

why not? you see all the examples you mentioned or anything else that i can think of are changes that won't give any significant benefits or in almost all cases they decrease the security or add more weaknesses to bitcoin. for example PoS is significantly worse than PoW but if it were the other way around meaning if it were significantly better then i am certain that bitcoin would have changed already or risk being obsolete.

P.S. that Satoshi statement has not been true for many years since bitcoin has changed a lot of things. for example the script evaluation (which is a consensus critical matter) has changed with at least a dozen forks some involving scripts are BIP-16, 17, 34, 65, 112, 113 and 141.
9357  Bitcoin / Electrum / Re: Bump fee window on: August 26, 2020, 03:44:39 AM
You can get a link to the service Blockcypher where brodcast it? I'll try it myself next time I need it again.

https://live.blockcypher.com/btc/pushtx/
you will have to paste your entire tranasction hex (like what you posted in an earlier comment here) in this textbox and press broadcast.
keep in mind that there is no guarantee that other nodes would accept a transaction that may break one of their preferences (standard rules) such as RBF fee bump.
9358  Bitcoin / Development & Technical Discussion / Re: Colored Coins Question on: August 25, 2020, 07:21:31 AM
~
Not anymore in the coming bull runs, with the development of the Liquid side-chain in my opinion. I believe the Tether.to CTO also said that they will use the Lightning Network as a platform for USDT issuance.

Lightning Network and Liquid are two very different networks though. while i have not seen any traces of centralization in LN so far i have seen some red flags indicating centralization in Liquid.
as for Tether, i believe they will start an LN network eventually like some other altcoins but it still has to be settled on bitcoin blockchain since unlike those coins USDT doesn't have its own separate blockchain or network.
9359  Bitcoin / Bitcoin Discussion / Re: Bitcoin and rejected on: August 25, 2020, 06:05:31 AM
Governments that completely reject Bitcoin: ((which is the most important part))[/b]
Most of the governments that refused to allow their citizens to buy and sell bitcoin were from poor countries that have a weak economy, as these governments see that the process of buying bitcoin will lead to the emptying of bank accounts in the country of the local currency that will go to an unknown destination.

well there are only a handful of countries out of nearly 200 that have actually banned or rejected bitcoin but when you look at the bigger picture many of the countries with very poor economy have not done that, some of them even accepted bitcoin like Venezuela for instance.
what you explained also may make sense in theory but in reality the volume is too low that it won't matter at all. for example in many of these poor-economy countries the total bitcoin trading volume (not just buying but both sell and buy) doesn't even reach $10k.
9360  Bitcoin / Legal / Re: License to Sell Bitcoin in Person as Oppose To Online Exchange? on: August 25, 2020, 04:42:47 AM
So I heard a few stories a while back where ppl got in trouble and arrested and even sent to jail because they were selling bitcoin to other people without a license.

the stories i have seen were mainly about the scale of their operation not just about them selling bitcoin. these people that i've seen were basically running a business and making a lot of money by trading bitcoin on a daily basis and making a lot of money while not paying any taxes.
otherwise i have not yet seen anyone getting in trouble by buying/selling bitcoin P2P a couple of times.

to know more you must consult a lawyer who is familiar with your country's law specifically related to cryptocurrencies, running a small business and money laundry.
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