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FTX drama seems to melt down from people's minds now and we are seeing good recovery signs in the market [ in the long term ].
What negative do you think is coming about bitcoin next?
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Something is not adding up, Kevin O. Leary who also lost millions on the FTX crash is now after Binance CEO saying that CZ is responsible for the FTX fate, like CZ did it intentional and if CZ was silent the whole thing would have go on and become a success? I am quite lost with this man aim right now.
I think Kevin O. Leary is responsible for the Binance massive FUD withdrawal that took place days ago, he really wants to hurt Binance exchange by all means.
Yes, it is not over yet, there's more to this chaos. |
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Sam is arrested, but that doesn't change the fact, the money is gone & not coming back. It is pointless to wait for him to end up in jail, then what? There needs to be awareness among people, now that the money is gone, it was their fault to be trusting a so-called entrepreneur. It is time to change the whole perspective about trusting centralized exchanges. The whole point of CryptoCurrency when introduced by satoshi was of * trustless & p2p *. It is kind of a task, it will take time.
Sooner or later many more of such exchanges might collapse for some other/similar reason.
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Using cryptography for confirmation of paid items is what I intend, as cryptography can be used to verify a legitimate payment & point out a fake one.
possible?
You should try to give it a good thinking and see what's the intended workflow and then also explain it to us. I expected the payments are handled by the cashier with a software and device provided by a bank or payment processor and you probably integrate with that. Do you want to handle payments yourself? Are they bitcoin payments? Are they also fiat payments too? What you mean by fake payments? Do you expect your database (with products, prices, tags/barcodes/QR) be ... public/exposed? Payments are not handled by the cashier, it is a system where the customer can pay via a QR code printed on the product which only allows the user to view the details of the product and pay for it. Yes the payment is in FIAT Fake payments/ Theft is basically a situation where the customer picks the product and walks away without paying for it, I am thinking about how can I possibly stop this using cryptography. Only product details and a predefined payment button after the QR is scanned are what I intend to be public. The main goal of this product is that the cashier should be the 2nd option for the customer. RFID tags are kinda useful in this situation, but not exactly. I don't want some employees to remove the tag from products after the payment is made so that it could leave the store. If the payment is made for the product, then the product/tag should be smart enough to detect whether or not it was a successful transaction. |
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I'm not sure where you need cryptography for this though, since it's your own database.
Using cryptography for confirmation of paid items is what I intend, as cryptography can be used to verify a legitimate payment & point out a fake one. possible? |
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I'm not sure I understand what you want to do. Do you actually want to verify the validity of the transaction or secure items against theft? What are barcodes used for? Are they assigned to specific products? Are they unique?
Can you describe the specific usecase better?
Suppose I went to a mall & got myself some t-shirts & tracks, I paid for them via the barcode attached individually on each clothing, How can the store get to know that I have paid for them, if not then, How can I be caught by the store/system if I try to sneak out of the store? |
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I do not trust the news. People who have lost it all in the crypto, it is their own responsibility.
You are very correct without a doubt. Why have I never lost my coins in an Exchange hack? I have nothing to worry about, because I am in custody of my own coins. It is kind of silly to blame others for something you were supposed to be responsible of, I would say. But how many times did banks file bankruptcies and their customers lost money along our history? Then why do people keep trusting Banks? We are so silly! There is a major difference between spreading negativity and actually reporting what's happening. People on YT are not reporting, they are looking for another topic to post a video about and put ads on it. Yet for tweets about Crypto & Bitcoin, it is just another opportunity to get good reach.
Would say two things are happening. These YouTubers focusing on reach and income rather than quality of information and many of them do not understand how Cryptocurrencies truly work. If you want an honest YouTuber making videos about Cryptocurrencies, find one who does not take all and every single kind of Shit coin sponsorship. Most of them sell themselves out by accepting to promote Shit coins out of greed. I do not think there are many of them who actually provide accurate information and mostly focus on Bitcoin and the other Cryptocurrencies that actually have a future and value. Reminds me of all these 'Climate Activists' throwing paint on art and gluing themselves to tables, concrete and walls. They have no idea what they are actually protesting for and their actions make zero sense, but they want the attention and they are receiving it. Similar to how in the middle of the Pandemic there were all sorts of people throwing out and supporting all sorts of information, whether true or false. There is an entire community of them however, and they are making waves. This is very similar to the reports you are talking about. They have no idea what they are saying and they are looking for income and attention. These kind of people will always exist. But do not worry, their supporters will also be people who do not understand how Bitcoin works and why it is the future. There are some people who simply like being stuck in a loop of infinity where they think they understand everything but in reality do not understand anything. - Regards, PrivacyG PrivacyG has described this topic in the simplest manner. Thanks, PrivacyG |
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Suppose I have to confirm a transaction [ not bitcoin or any other cryptocurrency ]. I have been building a project which has a barcode that when scanned allows the user to pay tokens. I have been looking for creative ways to secure the barcode to not leave specified premises without the payment confirmed.'
Note: USE OF IOT DEVICES ARE ALLOWED
However, are there any other creative ways to confirm the transaction?
IOT devices should be cheap enough for industrial use.
USE OF CRYPTOGRAPHY TO CONFIRM THE PAYMENT IS WHAT THE WHOLE CONCEPT IS ABOUT without getting the customer to steal the barcode out of the permitted premises range.
Help is appreciated. thanks
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I get the whole FTX issue, but if you really are into Bitcoin & crypto, then why haven't you kept your exchange wallets in check? I personally almost never used exchanges. so you never did day trade, if you did day trade you would realize that the price can rise and fall at any time and that it is easier to keep the coins on the exchange so that when the price drops a lot, the person will be quick to buy and place stop-loss , how would you place stop-loss if you leave coins in the wallet? I would really like to know if this is possible, as far as I know it is not possible to do this P2P is what bitcoin is really about. people need exchanges to buy bitcoin using bank account and people need exchanges to day trade People lost millions, now many key players are backing off. No comments on that as it is a personal choice, yet spreading negativity on youtube & Twitter about the same is pointless. people are reporting what is happening, they are not spreading negativity If you have lost something, then somewhere it is also your responsibility. wrong, the responsibility lies with the exchange, when someone creates an exchange and people put money on that exchange to do day trade, the owner of the exchange has the responsibility of keeping people's money safe, you can consult anyone who understands about laws and you will see that that's how it works, i'm not a legal expert but i read that that's how it works FTX is responsible for cheating people, but people now making videos about why everyone should back off from crypto is not right & is spreading unnecessary chaos in the market. I am not an expert, but this is simply stupid. people were deceived and robbed, you wanted them to be silent? they have the right to create videos, post anything to draw the attention of governments and punish those responsible for this exchange Most of the NEWS is fake & is a decoy from the government to get people out of Bitcoin. I disagree, most of the news is true, of course there are some that are rumors I do not trust the news. People who have lost it all in the crypto, it is their own responsibility. It is stupid to trade in any form of currency/commodity without actually having the knowledge about the flow of value. most people who lost it all were in crypto for a quick buck with trading. News & media are propagating the FTX issue as outrageously toxic to Bitcoin & other altcoins. Bitcoin to me is a trade value in every 5 to 7-year time frame, not every minute. Centralized Exchanges are just an option. There is a major difference between spreading negativity and actually reporting what's happening. People on YT are not reporting, they are looking for another topic to post a video about and put ads on it. Yet for tweets about Crypto & Bitcoin, it is just another opportunity to get good reach. Lastly, I do not play with day trading, stop loss/ take profit or anything else you can describe. Not looking for making a quick buck with bitcoin. It is a technology MOST people don't understand. & What people don't understand is what they criticize the most when it hurts them. |
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Recently I have been seeing a lot of people who are key crypto players for the past few years, backing away from cryptocurrency & mining. I have a few bitcoins, but I have never trusted any exchange. I have bought BTC from people only and currently, it is in my own hands [technically speaking]. I get the whole FTX issue, but if you really are into Bitcoin & crypto, then why haven't you kept your exchange wallets in check? I personally almost never used exchanges. P2P is what bitcoin is really about.
People lost millions, now many key players are backing off. No comments on that as it is a personal choice, yet spreading negativity on youtube & Twitter about the same is pointless. If you have lost something, then somewhere it is also your responsibility. FTX is responsible for cheating people, but people now making videos about why everyone should back off from crypto is not right & is spreading unnecessary chaos in the market. I am not an expert, but this is simply stupid.
There are a lot of channels[pretty big] that praised Bitcoin & mining now backslashing it & people are really getting carried away with this. Bitcoin to the market is just an emotional asset, however, there is more to it but only if people try to see it. Do not get carried away. Think wisely & use proper data.
Most of the NEWS is fake & is a decoy from the government to get people out of Bitcoin.
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Hyperledger is one of the most amazing open-source projects after LINUX. I have been working on Hyperledger projects for creating a simple supply chain. Anyone interested to join me in creating a simple and open source Supply-Chain project using hyperledger, please email me at numerchauhan@gmail.com |
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The seminar is for anyone who is willing to participate and share their knowledge about Blockchain in the simplest way possible with the audience. Anyone willing to participate, please email numerchauhan@gmail.com LOCATION: MUMBAI |
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Greetings,
India is doing great in the Bitcoin and cryptocurrency space[ at least better than what it did last year ]. To shed more light, India has a money-making mindset when it comes to crypto and more than 60% of the Indian population who are in BTC are unaware of how a basic transaction works in Bitcoin.
Looking back, India did not have any Bitcoin conferences as well. These conferences are a good source of knowledge and understanding of the psychology of Indian traders and investors in Bitcoin.
I would like to propose hosting a Bitcoin conference in India. This conference will be very helpful as people will try to understand bitcoin more from a technological aspect than just as a store of value. Also, this conference will help the Indian Blockchain and crypto startups in India. It will be a great opportunity for you to understand the psychology of Indian investors as a crypto startup founder in India.
The collected data can be used to understand the basic behavioral psychology of an Indian investor towards crypto and money. Researchers can use this collected data to train their own AI models & predictions.
It will also boost knowledge about Bitcoin in the Indian crypto community.
Interested people to join in, please email me at numerchauhan at gmail.com
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Start to gather first your close friend to help you to start a small community. You can attract many interested user if you can showcase the benefits of Bitcoin through flyers distribution and bulletin board announcements. I once do this to promote my club on school before and we usually offer something to user that they can’t resist to come with us. Think of things that people in university like the most and use it as medium to lure them.
Can you shine some light on how you got people to join in? |
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Before you get any wrong conceptions, No I am not launching another scam.
I live in India and currently am studying engineering. My university has pretty sharp minds and is very good in what they are doing, however, there is a very wrong conception about BTC among the same audience. Nobody understands bitcoin. To make it worse there is a wrong conception about Bitcoin from the same, brought in from old concepts about money and the government.
To my ignorance, I wouldn't care about this anytime, yet I think having a basic workshop about how a Bitcoin works can help people to THINK, I believe. To bring in people, I am willing to put some promising offers for the candidates joining the seminar.
Will this help in any way?
Share your thoughts.
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I have some faith in this data model and on-chain analysis of BTC, Let's see how good was this data model after 7 years maybe!
Please do not race much to prove this model right/wrong, my main intention was to get the accuracy & reliability of such data for Bitcoin and then compare it with the on-chain analysis and not get people called "MAD" for believing/observing this kind of data.
Nobody is right, only time will tell.
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Where can I find resources to learn about Bitcoin and its functions, for instance, the Merkle root etc.
Would love some learning resources about the same.
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I would rather say that when the creator of a predictive model does not stop changing the predictions when the facts dismantle his theory, what he is doing is making a fool of himself.
I would love to see some of your's theories / Data Models predicting something, Mr. Poker Player. |
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Forgetting bitcoin for a moment here, I don't think paying things such as rent automatically is a good idea to begin with. We normally pay the rent manually from our bank account to theirs. Back to bitcoin again, this could be achieved using locktimes. You basically want a mechanism where the tenant locks some coins up in a smart contract that can only be "unlocked" by the landlord after a certain time. You may also add an extra option for the tenant to be able to spend those coins themselves if they wanted to without the time restriction. So the smart contract could look something like this: OP_IF
<time> OP_CheckLocktimeVerify OP_DROP <landlord_pubkey> OP_CheckSig
OP_ELSE
<tenant_pubkey> OP_CheckSig
OP_ENDIF
For example the tenant funds this address on 29th but the landlord can only spend it on 1st of next month. If the landlord loses their key the tenant can still spend these coins (it doesn't have the limitations of 2 of 2 multisig). The limitations of this is that for each month a new address has to be created by only changing the locktime (which changes the hash hence the different address). You also can't set how much the landlord can withdraw since bitcoin scripts can not fetch the amount field of the outputs in the transaction so the tenant has to fund this address with the exact rent value so that the landlord can withdraw all of it. Hey this is exactly what I was looking for, adding more ideas to it, Yet where can I get started? and where should this smart contract be deployed, taking in account that I have some basic knowledge on creating a SC on ethereum and deploying it on the EVM. |
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