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9521  Bitcoin / Bitcoin Discussion / Re: Twitter Hackers Arrested! [Updated] on: August 04, 2020, 06:11:58 AM
Reminds me of the Ross Ulbricht situation where he was a smart guy but got by one simple screw up that was tied to him personally.

this was not a simple screw up though! they were all in the same circles on same websites with their real IP addresses (no Tor or anything) and were also signed up on centralized custodial wallets like Coinbase with again the same IP address and their wallets were also linked to the same address they used to scam!

what they did was more like going to rob a bank and then taking your drivers license out to show it to the camera with your face and the bag of money in your other hand Cheesy
9522  Economy / Speculation / Re: Next Bitcoin Bull Run Will Be ‘Dramatically Different’ on: August 04, 2020, 05:58:46 AM
Very much different because we have new concepts that are not around in 2017, and coins that are in the market are real projects there are no pump and dump coins anymore that are on top of the market, and investors are more discerning now more than ever  they only support projects that has potential for future development not to mention the many industries and institution around it now.
they need to create a new concept because old concepts were already given and owned by the other companies and its against the law if they copy it but pump and dump coins are here and they will not dissapear because some people and scammers can both benefit to it  .

 thats why not all investors support only good projects .  the difference that i feel so far is that bull run now is smaller compare to bull run on 2017

that is not at all true.
for starters every shitcoin that was created has been copying another concept and even coins that are less shitty have been copying bitcoin concept. and that is the case with every single altcoin out there. and there is no law against that because the "concept" is released under MIT license and there is no "company".

as for investors, they don't give a rat's ass about the project being good. all they have ever cared about was making profit, that is why we always see shitcoins with biggest pump and dumps are the most popular even if they were clear scams. evidence is the top 10 altcoins!
9523  Bitcoin / Electrum / Re: How can I know the bytes of a transaction? on: August 04, 2020, 05:44:22 AM
It really is a bit of a juggling act that miners need to do when they're trying to fill blocks and maximise their returns.

it is not really a juggling act though. it is just as simple as it has ever been even before SegWit but with a tiny change that they compute fees in terms of "virtual bytes" instead of "bytes". then it is a matter of comparing the rates just like before. if one transaction is paying X and another Y and X > Y then the transaction paying X is preferred.
looking at this from outside seems complicated because people think in terms of raw bytes.
9524  Bitcoin / Wallet software / Re: Does this sound like a good idea for hot / warm wallet on: August 04, 2020, 05:29:53 AM
the 2 of 3 multisig wallet seems like a good setup to me, just want to remind you to make physical (eg. paper) backups of the keys used by each of them and store them somewhere safe. you'll never know what disasters can happen in the future.

but i particularly dislike the multicoin wallets for bitcoin. they should never be used in my opinion, this type of wallets are usually closed source and/or very weak in sense of security. they are also not popular so they aren't really reviewed by any experts the way actual bitcoin wallets (eg. Electrum) are reviewed.
9525  Bitcoin / Bitcoin Discussion / Re: Why did we experience an overshoot in the price of Bitcoins ? on: August 03, 2020, 09:37:36 AM
i am not sure if i want to read an article that has a title calling this rise a "massive surge"! anybody who has ever looked at bitcoin charts (you don't even have to have been around since the data is there for all to see) knows that bitcoin "massive surges" are at least above 80% like what we had in last month of 2017 when price went up about 120% in less than 2 weeks.
in comparison the rise we had recently was a tiny rise at first and within days it reached a size which i would call a medium rise.

- Bitcoins have outperformed Gold and S and P 500 index
i think all the reasons mentioned are already correct but they all contributed a little to the rise. keep in mind that before the Covid panic (which had nothing to do with bitcoin by the way but still affected it all the same) price was already rising and testing $13k so we are still below that mark!
but i think gold rally might have have a bigger effect on the confidence coming back to the market and investors jump at buying bitcoin.
and of course with the way US has been printing Dollar like crazy, the value of dollar is bound to dump hard even if slowly. and that dump means bitcoin price goes up.
9526  Economy / Speculation / Re: What will you do when Bitcoin reach$20k? on: August 03, 2020, 06:59:32 AM
in reality $20k is just an arbitrary number that doesn't matter one bit. but when it comes to users behavior they are all known to build up imaginary resistances at previous all time highs, which is  why sometimes they are referred to as psychological barriers.
we saw this last time too when price got close to $1200 which was the ATH of that time (during 2017 bull run). people tend to sell more for some reason and regret it in about a month.

what would i do? mostly nothing because i don't day trade bitcoin and i have already bought what i could afford when bitcoin was undervalued. by the time we reach ATH we will be in a full bull run mode. if i had some extra money to dump to buy bitcoin then i would do it then like i always do.
9527  Bitcoin / Electrum / Re: 'Address is not in Wallet' when I try to sign a message on: August 03, 2020, 06:42:42 AM
There is no way to delete  the imported address from Electrum. You need to get used of living with it or create new wallet and swap all funds to that wallet. You know, to avoid such embarrassment in the future you could attach to each Electrum's address the tag which would give you a relevant hint such as "imported from...", "receiving from..", "sending to.." etc.. That's up to your imagination how to tag addresses in your wallet.

you can't delete an address from a standard wallet which was created using your seed. the imported addresses in an imported wallet are delectable as it is the nature of the wallet. all you have to do is to right click that address and select "Remove from wallet" option.
9528  Bitcoin / Bitcoin Discussion / Re: What do you miss in block explorers on: August 03, 2020, 03:44:11 AM
the problem i have is with when you check an address on a block explorer and it shows the entire inputs and outputs for each transaction's. and when the address has send/received a lot of this type of transactions with lots of input/outputs it becomes tedious to go through the history of that address. and that is unfortunately what most block explorers do these days.
instead it should be simplified, the inputs should be hidden except for the first 2 or 3 with a button saying there is more and the outputs should only show those that involve the address you check not all.
9529  Bitcoin / Bitcoin Discussion / Re: Blockchain confirmations on: August 03, 2020, 03:33:13 AM
There's no way you can know that info, its a competition between thousands of miners, and there's no data for what/who's miner is about to win, the recorded data is just the winner which always labeled in every mined block.

even though there are thousands of miners around the world, they are going into "groups" to share the work so each "group" ends up working on the same block and then share the reward. these "groups" are the mining pools and there are about 20 of them. so the competition is actually between these pools and the reward goes to the pool which then it spreads among the individual miners depending on how much work they contributed to.
9530  Economy / Speculation / Re: Are we in a ranging market? on: August 03, 2020, 03:22:02 AM
i know you love bear market but bitcoin has so far been strongly bullish and ever since yesterday that we saw the rise to $12k followed by the correction the market is even more bullish because of that correction. it is still too soon for reaching ATH though, the $12k situation should be a clear indication of that. it still is because of all the sell orders that are placed or are waiting to be placed all the way to the ATH by traders.
9531  Bitcoin / Electrum / Re: Does Electrum actually use the derivation path specified during setup? on: August 03, 2020, 02:25:36 AM
is there any implementation that uses hardened keys?
Well, Bitcoin Core uses m/0'/0'/i' as default, so hardened keys all the way down to the address index.

I suppose some other older wallets which still use BIP 32 for their derivation paths rather than the more common BIP 44/49/84 may still use hardened keys at all levels, but given almost all wallets now follow BIP 44/49/84, I'm not familiar with any.

that makes sense.
i believe wallets that are designed like Electrum that have focused on both BIP-32 (HD wallets) and cold storage mode (offline-online) must use non-hardened addresses because if they don't the online-offline mode won't work since it requires master public key only on the online wallet.
core doesn't have this feature so it gets away with it.
9532  Bitcoin / Electrum / Re: Please help to people who Lost their coins in electrum wallet. on: August 03, 2020, 02:05:05 AM
now i just changed my windows without having backup of my wallet and all my coins are gone...

when re-installing windows there is an option that keeps a backup of your documents and other data and only upgrades the operating system itself. you might have chosen that (i think it may be on by default when you already have windows installed). look around in your C drive and see if you can find that folder. if you did then your wallet file should be among those files.
other than that i don't think even recovery tools work in your case because you basically format the entire drive and then rewrite most of the bytes.
9533  Bitcoin / Bitcoin Discussion / Re: Segwit, and batching, a must in these times on: August 02, 2020, 09:41:28 AM
~
That's a fair point.  What more can we do to encourage people to use the clients doing a better job in that regard?  And is there a constructive manner in which we can pressure the clients that currently lack in that area to improve in future?

we start by discouraging people from using any tool that is severely flawed. for example i have been telling people to avoid using the site i mentioned above for over a year now. good news is that many listened after they saw the flaw. that goes for any other wallets (desktop, mobile, web,...) that are doing a poor job.
next step is reaching out to developers and asking them for improvement, this could be done by creating issues on their github repository or better if we have any programming skills then we should start contributing by writing code and creating a PR instead. and obviously anything that is not open source should not even be used by anyone to begin with.
9534  Other / Beginners & Help / Re: paper wallet how to on: August 02, 2020, 04:30:28 AM
Don't go too far when it comes to wallet we have lots of them but my most recommended is imtoken which have been using for years Now. Also we have trust wallet and all of these can be gotten from Google Play store, just search on the names you will see them. I can still edit this post again with the links Below. ✌️

both of your suggested wallets are terrible in general and specifically for someone who is looking for a bitcoin cold storage.

for starters they are both mobile wallets and this category of wallets are always far less secure than a desktop wallet.
secondly they both are token wallets first and then have some bitcoin wallet options. which means they are only good if you want to store garbage in them not bitcoin.
and finally which is the most important factor, both of these wallets are closed source so you literary have zero security when using them. (TrustWallet has some source available but not all)
9535  Bitcoin / Bitcoin Discussion / Re: Segwit, and batching, a must in these times on: August 02, 2020, 04:15:52 AM
there are lots of software out there that are doing a very poor job at fee estimation and even lots of shitty sites that are popular too that are intentionally inflating fees (eg. bitcoinfees.earn.com these bastards are currently suggesting 220 when the worst case is barely 30!!!!).
it is not rocket science!

Okay, but if the "shitty sites" are popular, whose fault is that?  Surely at some point, users need to take some responsibility for what they're doing.  I don't see how you can create a world where sub-par services like the ones you describe don't exist.  People just need to learn how to find the good ones and use those. 

It's not rocket science, no.  But if it were that easy to solve, would it even be a problem to begin with?  Clearly there are improvements that could be made, but people have an innate talent to flock to what they already know.  You could get the most talented coder in the world to write a new fee estimation algorithm which is superior in every way and yet some people would still be lazy/stupid and use a crap one instead.

well they don't want to learn and they keep using the same low quality services and even recommend it to other people. the problem is that their choice affects everyone else's experience too.

it is not that easy but it is not as hard as you may think either. for starters a lot of clients lack the option to let user set any fee they want specially in fractions of a satoshi (like setting 5.25) so they have to jump up. they also don't give users a concise information about the memory pool status at the time they want to create a transaction so that user can make a better decision.
9536  Bitcoin / Bitcoin Discussion / Re: Twitter Hackers Arrested! [Updated] on: August 02, 2020, 04:00:08 AM
Among the listed participants in the investigation was blockchain analytics firm Chainalysis.

i don't see how much they helped at all because according to the story i've read they caught them by investigating centralized databases which had nothing to do with bitcoin in first place. it was mainly the forum they all hung out and communicated in called "OGUsers", there was also Discord they used and among their accounts in this site they were also used the same Email address and same wallet to connect to Coinbase website and Binance. not to mention that their IP addresses were all the same (no TOR, no VPN,...) and were used in all these places!

this makes me wonder why the hell are the media using the term "mastermind" for these dudes Smiley

https://www.wired.com/story/how-alleged-twitter-hackers-got-caught-bitcoin/
9537  Economy / Speculation / Re: How Accurate Is The Bitcoin Market Capital? on: August 02, 2020, 03:36:28 AM
Over analysis can be a real pain but so can under analysis. There are several ways to calculate the most accurate price but how many would factor in the early addresses with many Bitcoins that will probably never be recovered?

and wrong analysis is the worst of all!
you don't "calculate" the price. the price is what it is and the demand wants it to be. and it has nothing to do with how many "early addresses" have bitcoin or are lost.
in bitcoin market it is very easy to get caught up in meaningless factors and keep trying to come up with an analysis that seems to be making sense but it is just an illusion.
9538  Bitcoin / Electrum / Re: Does Electrum actually use the derivation path specified during setup? on: August 02, 2020, 02:57:48 AM
Hardened adrresses still have an extended public key it's just that it's harder (could be impossible) to find a private key given another private key of the wallet and the extended public key.
The parent extended public key is not used at all in the generation of hardened children. Hardened children are derived solely from the parent extended private key and the index. For this reason, it is indeed impossible to derive the private keys of hardened siblings by knowing a single private key and the parent extended public key.

is there any implementation that uses hardened keys?
all the paths i have seen with hardened paths use hardened indexes all the way to the child then the child key itself is regular. like BIP-44 where the path for each key is m/44'/0'/0'/0/0 m/44'/0'/0'/0/1,...
9539  Bitcoin / Development & Technical Discussion / Re: Can Bech32 be P2SH? [Bounty inside!] on: August 02, 2020, 02:51:11 AM
Sadly, I don't know any miners... so no "double-spend" options available... but it is somewhat reassuring to know the system is working as intended Wink

well 9500 satoshi is just too low (it is barely worth 1 buck) so this transaction can be deceiving. a larger amount (not that i'd recommend it) needs to be sent to create the incentive for a double spend and see what happens.
additionally the "bots" may not be watching SegWit witnesses since they are usually old and written pre-SegWit.
9540  Economy / Speculation / Re: How Accurate Is The Bitcoin Market Capital? on: August 01, 2020, 06:47:58 AM
so many mistakes all in one place Cheesy

1) a little nitpick but it is market cap. or market capitalization
2) it does NOT represent value. it is more like a size of the market (that is the case for cryptocurrencies at least) and it is only accurate if the supply is real which means no premine, no ICO, no secretly owned coins by the dev,... it is also defined for stocks and not much else. so it doesn't make that much sense to even be used for something like bitcoin or any other cryptocurrency for that matter.
3) it has nothing to do with volume and exchanges or sites like CMC can only fake volume. market cap is the result of price multiplied by supply. the price is obvious and the circulating supply can be calculated by anyone. neither can be faked. so the result is always an accurate number, how much weight you want to put in that meaningless number is your own choice!
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