Mr B do not need to sit all day to check if it arrives to allow it, he just has to open the protocol that there is bitcoin expected, the btc can be sent 20 days later but as long as the protocol has been set by Mr B when ever this amount is coming in from Mr A it automatically accepts and comes through, let's say like a monthly salary that goes through money to your bank account and this will not be for shops, shops do have a way to scan for payments via phone which is very safe to do, this works mostly for direct payment to a bitcoin address.
The amount does not always match the "expectation". Just imagine that somebody wants to pay some extra, just imagine that somebody does 2 partial payments, what if it's a donation address? What will Mr B do then?
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A 2 way check system can be this way, I- Mr A about to send Bitcoin to Mr B using protocol safe II- Mr B opens a allow protocol safe using either senders address or generates an option notifying incoming bitcoin to his wallet and amount III- Mr A Sends bitcoin to Mr B III- Mr A protocol checks to see if Mr B's protocol is expecting and if Yes, [Suspicious link removed]ives Mr B, if not bitcoin goes back to Mr A.
Lets say the copy and paste malware attacked and changed address while Mr A paste to the system then btc will be returned and no harm.
I may have missed something however, it's not clear how this could help. Clearly Mr B will not spend time checking if money is about to come and allow it, it would be a huge overload for shops, for example. So an automation will have to be done in a way or another. And this makes all that workflow useless. But, for the sake of discussion, let's say the automation is not done. What stops the sender be careless twice when sending out the money?
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Still, I have a feeling that bitcoin will eventually get to $100k. The only thing I'm less certain of is whether that's going to be in my lifetime. I'm hoping so, but bitcoin's got a hell of a long way to go before it hits that mark.
Exactly. Anyone can predict numbers (actually can predict anything; the rule is the same with or without a relationship with Bitcoin price), but few are giving a time frame for it and most probably even fewer will be right (if any). And without a time frame those predictions are worthless. Of course, the predictions are free publicity for those who make the prediction and their businesses.
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I think that I've seen at some point the numbers go down from 21BTC to 10BTC. I am not surprised that it's updated to 6.15BTC, although I've missed that. However, as said, there's no certainty on how high can Bitcoin go. And the numbers may be simply based on how much each and everybody can acquire (and everybody want to be rich sometime). It's a simple wishful thinking, I don't think it has any ties to reality.
0.1BTC? Heh... no. Now the expectations about the halving are big. But if there won't be another bubble in the next ~2 years there's a good chance the "estimation" go again towards 21BTC...
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What are people thinking? USDT is not real dollars, it's not backed by any reserves, you can't withdraw to dollars in your bank account. It's a scam and a con.
People don't care. They just want it to work and it does. Actually I think that some would care, but way too many simply don't know this. And the fact that many websites were treating USDT and USD like being the same did not help (at least this has change lately). Indeed, most care only that it works. But I am sure you've seen the treads with people even trying to keep their money in USDT (!) for whatever reasons. I think that we should tell louder that USDT is not USD, that it's not properly audited for reserves, hence a scam and there's no certainty on what USDT price will be in the next hour.
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Bitcoin is not being used only as store of value, it's being used as an investment too.
What's difference between two? Imho an investment is something one does to gain more money. An investment is made with "extra" money one affords to lose. On the other side store of value is something one does to avoid losing (too much) value when high inflation is present where one lives. It's something done with money one doesn't afford to lose.
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Bitcoin is not being used only as store of value, it's being used as an investment too. But due to its pseudo-anonymous nature, it's hard to give examples. But the logic tells that if there would be no buyers/holders the price would go down sharply. Probably some day these unknown entities will have their bags full and will start to dictate the price. And we, the rest, will not afford to buy anymore. But this is speculation, I know...
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I didn't find anything at this link; it's an unused domain. I also have Google Keyboard on Android and BTC is not there. I guess it works only for Apple phones, no Android yet.
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Monero seems to be the most popular coin with a serious plan to avoid ASICs. It also seems to be unfeasible to mine with GPU making it the most popular target for botnets.
I was not 100% serious about the botnets. If Monero would be mined only with botnets the price will be much much lower. There is one bad thing for the investors when botnets are involved: botnet mining is stealing, so at selling the profit is 100%. So a botnet owner can sell at any price. ASIC mining means quite an investment, so it's a business with costs which will clearly try to sell only on profit.
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Although I know what int overflow is, it's a pretty cool link/issue I didn't know about. Thank you.
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OP, you wrote as topic title that you have tens of millions of Bitcoin in total, can you please tell how many you have? Wow, you really have more than 20 millions of Bitcoin? Can you confirm that?
Edit: Sorry OP, I have to put a negative feedback for you. Even if it's such an obvious scam I could think it's trolling, some newbies could fall for it.
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Just want to get people’s thoughts on the service
From what I know it's like the DNS, just for crypto addresses. 1. The idea is not new, just it's improved by decentralization. 2. It still has one problem: I don't know of any major wallet handling that. If that'll ever happen, then it may be something nice. Until then there's a great feature nobody can use.
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4. Run Electrum server and configure your Electrum only connect to your Electrum server
I don't know how would this help, sorry. ElectrumX needs Bitcoind and the whole blockchain. You must to be running a non-pruning bitcoin daemon OP, if you change frequently the wallet file, I think that you need either a non-pruning Bitcoin wallet, either an Electrum (client) with default settings (if that's OK for you on privacy). Or maybe you rethink what you do there and find a way to not change the wallet files. OR, for example if you have a (very) small number of them, you keep switching maybe you trick it with symlinks to point to the correct data folder depending on the wallet you use (of course, you'll still download the whole blockchain once for each wallet). But I think that Electrum could be just fine.
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OP try to go to the local board for your language and ask there for help, I am sure that some of them can help you with fixing the errors, format and so on. Right now the text is unreadable.
I don't know what the story is and I don't know if this helps, still: Yobit support is very hard to reach; I've seen plenty of complains about that and I had my problems too. One way to make them talk with you is to ask day after day in their shoutbox.
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However, I'm not really a fan of being "lucky", because they will only choose 1 winner of 5,000 TRX tokens.
It's the cheapest advertising the money can buy Just imagine the buzz they get for just 66 EUR. And indeed, there's nothing to lose, that's why I expect people join in big numbers.
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I've had a slew of recent vulgar responses from my posts recently
This forum, this community, is like everywhere on this world. Some are smart, some pretend to be smart, some had a bad day and some are just rude. "In Bitcoin" one can be "expert" in wallets, in the protocol, in trading, name it. However, as I said, there are many types of people here. However, if one doesn't search before asking, if somebody claims things that seem to be just out of the hat, probably there are other examples too, they will most probably not be nice. If you ask this or that, nicely, I am sure that most of the answers are nice. And for the others there's always the "ignore" option at hand. Now about your posts. I took a very short look. I've seem you complain; that doesn't help anybody. I've seen you are claiming you will sue certain services most of us are using and, from what you say you have basically no proof (but since we are no lawyers, get one and just do it, don't argue), however, these are in the "claiming things just out of the hat" category, sorry. So you kinda attracted those answers. PS. And try to learn from the answers, instead of argue. PS2. This is more like a complaining thread, however, I tried to be nice. PS3. The title is awful. Keep in mind that we don't have to explain ourselves to you.
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One of the biggest problems that crypto developers face is that technology changes rapidly. It is very hard to stay current, they new to introduce better feature than what we have already in this space, who agrees?
I don't agree. I see two other problems in crypto space: 1. Everybody(*) wants to get rich quick (hence the huge number of clones, shitcoins, useless tokens and unrealistic promises) 2. Everybody(*) wants to "upgrade" existing successful coins (coming with ideas for Bitcoin PoW is already a classic), and for this I also have a good example here. With the huge market caps of the top coins, maybe they feel too intimidated to start their own new proper coin? Who knows? But we need new ideas, they help the ecosystem. (*) not everybody ad literam, just a big enough number of people, of course.
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If they customer money is safe, then who was the owner of the hacked money? Exchange own it?
Let's start with the beginning. When one transfers money into "his wallet" at an exchange, he actually has here a custodian wallet. That means that the exchange has the private keys, the exchange owns the money and displays how much would they give you if everything is OK and you do withdraw. Most of the funds sent by customers end up in cold wallet. This happens because there are usually not many big withdrawals. The trades / operations the users make are only changing numbers in a database, not in the wallets. For withdrawals the exchanges have their hot wallets. Those are a bit risky, those are usually hacked, that's why the exchanges try to keep a small percent of the funds there, just to have reasonable withdrawal times. That money is usually "insured" (for example Binance claims to have a separate fund for that; this fund is built from their earnings from the fees). TL;DR; When you deposit you get an IOU (I-owe-you) amount in your account, not real money/BTC. The withdrawal is based on that IOU. Where the exchange gets that money for you is its own business. If they want to keep their customers, they have to stick to that value.
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which about 2.5x cheaper hashrate then on previous mining algorithm
The fork was not long ago and maybe the numbers will adjust a lot in the next weeks, but does this matter that much? I mean that I expect in the near future the only difference will be a higher difficulty. at moment is $0.14 if $0.10 per kwh per day and minus $0.25 if you pay $0.18 per kwh per day. I mean to earn only $0.14 cents by leaving the whole pc full load is bs, no better time for people who want to buy coins, mining is for demented people.
I do agree on this. I mean, there are plenty of stories telling that Monero mining is basically botnet-based. On a more serious note, a successful coin worth mining only if you have dirt cheap electricity, and even then you have to be careful with the calculations. (See Bitcoin)
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