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1  Bitcoin / Bitcoin Discussion / The only one detail in BTC that makes me thinking is a scam on: November 26, 2018, 04:22:57 PM
Hi there,

As title say, the only one reason in my analyses that made me aware about how Bitcoin was created.

In the core of creation, bitcoin core was set to be mined in first 3-4 years about 70%.

So, those small groups who knew about it, they mined Bitcoin almost for free in large proportion. Between 2008 and 2012, at that time the Bitcoin didn't had even a price, only in 2011-2012 was used in DarkWeb, only in 2012-2013 first exchange was launched and price of bitcoin took in place.

By that time, more then 10 mil bitcoin were mined almost for free, only cost of mining, but difficulty was very low. If you remember, in 2011-2012 masses started to build mining rigs, remember this happen after more then 10mil bitcoin were already mined.

After 2011, many lost wallets, around 4mil bitcoins estimated.

Today we are at 17.3mil, if you exclude those 10mil+4mil lost, you realize that only few percentage reach masses.

I cannot say this is a scam 100%, because the way is secured network is amazing, the way how was establish reward for miners is for me a certain Signal of a scam.

Don't take me as a panic spreader, i just wan't to put people aware of what is going on here, especially for those traders who buy for speculation, they can lose alot of money, because they do not understand how bitcoin network was programmed in the core.

So, what i want to say,

YES, bitcoin network can last forever, also price can be manipulated even if mass adoption occurs. Because those who got bitcoin before 2012 can sell every time they want.

For sure bitcoin can go back to 20k, as it can go back to 2012 prices.
2  Economy / Services / A price check website for crypto without any form of ads or pop-ups on: July 24, 2018, 11:26:32 AM
I have decided to contribute in some way to Crypto community.
By creating an website to show top 5 currencies prices. It is hosted on my web server, so, almost no cost.
I want to be near 0 advertisements on site. I might take 1 tiny advertise in header.
Why is cool this one?
As a technician, i managed to implement latest updates in server.
So, it's running on HTTP2 , PHP 7.2.
I use caching and combined CSS/JS files, once first page will load, when you chose a coin from menu should display it instantaneously.
Unfortunately i have to rely on cryptocompare's API to display some informations. I look in the future to add api's directly from exchanges.
Since we are in top 3 countries at Internet infrastructure, i have good peering with pretty much entire world.
I use cloudflare for dns also to be even faster in different corners of the world.
The website do not use any cookies, so i do not have to comply to G.D.R.P, i do not store any informations about visitors.
So, not even banner with cookies you will see on this website.
I do not want to add too many coins, so i implemented only top 5. I might add more if visitors want that. They can use contact page to send me messages.
Can i have some feed back from you? What you think?
https://www.pcmod.ro
3  Bitcoin / Bitcoin Discussion / Why everyone thinks institutions will buy Bitcoins from exchanges? on: June 27, 2018, 12:04:29 PM
I think most of big influencers in the crypto world, pushing regular people into thinking there will be a massive investments from big institutions over world.
I use to think with my own brain.
So, therefore, i see very big troubles ahead for normal people that think, watch, quote those influencers.

I just don't see how major institutions will rush to coinbase and make accounts and expecting to buy from there.
I give you 3 sources where they can buy, none of them involve exchanges and therefore, prices will be unaffected in first sentence.
1) They will buy in a hidden way from whales large amounts of bitcoins with a package cost.
2) They buy from confiscated coins from authorities that have from financial seizure
3) From companies that work through off-shore , especially from gov's hidden companies where the stolen bitcoins will go as a money laundering
 So, i am expecting price to go way more down in next 2 years. And guess what can happen when those institutions will sell their assets!
Yes, some small institutions might get their bitcoins in transparent way from exchanges.
So, the question is: how much you guys trust this technology?
Would you use it at 50$ / bitcoin? Would you used after you bought at 20k and hold it, if bitcoin would worth 50$? To my vision, i can use this technology at any price. But for major adoption we need a coin that not have a fluctuation more then 1% / year not per hour.
What's your vision about future? How much trust you are willing to give for blockchain technology?
4  Bitcoin / Bitcoin Discussion / Solution to lost wallets on: June 04, 2018, 08:41:17 PM
This is not a proposal of forking network!
By timestamping first wallet transaction with real time date/hour/seconds into ledger history, bitcoin core software nodes can make an agreement that if, for example:
during the next 2 years the wallet's public address that was timestamped do not output any Tx, bitcoin nodes take those funds and place them into next block header.
If a public address will make a new output tx with any amount of tokens will be re-stamped with date that was realized the last tx.
If the public address won't put a minimum of 1 transaction in 2 years, those funds from public address will be moved into next block of transactions.
I know it sounds easy. But to translate into coding, it is very hard to accomplish.
In bitcoin is harder to be implemented due to multi-sig public keys .
I cannot see another solution to this problem, which can become very important in far future.
I would call this process (Proof of owner's wallet)
P.S Timestamp can be from 2 years up to 200 years, 2 years is as an example
5  Bitcoin / Bitcoin Discussion / My point of view about Crypto Currencies based on miners on: January 15, 2018, 03:10:51 PM
I saw an article 5-6 years ago regarding Bitcoin, if i remember correctly was ~30$ at that time.
The article was unfortunately missinformed  me. In my mind sounded like "Great, what's the deal? A new PayPal company!"
Only in 2016 i saw the white paper explaining how it was created. At firsts pages i said : "Hmmm this is looking like a MMORPG gaming currencies" then part with reward system came, and i was shocked! So this is a gaming type gold, only is different by the decentralize network, unlike a game that have 1-2 servers. This one has thousands of nodes synchronized  and millions probably of ledgers history.
After this enlightenment, in few days i was thinking at deep level on what impact will have in future, then i saw Ethereum coin and i said, come on! We now can use same technology to move entire bureaucracy in this technology and miners will replace all the public servants in the world. Few big mining small companies can replace an entire state domain bureaucracy with all public servants. We gonna put one tax for miners for every modifying into bureaucracy system and it will be at least 50% cheaper then present taxes. Every car/house/items sold to be stored on a ledger and for every transaction to make sell contracts, authentication of owners etc, and everything will happen in less then 10 minutes and only authorities to be able to operate ledgers.
Obviously it will take a serious brain storming to implement such a system but is do-able.
Imagine you go at hospital, you show your QR code and medic will see entire your medical history, or a police officer in traffic will scan your QR code and see all details about your driver licence, insurance etc.
I might be too enthusiastic regarding this technology and i do apologize if i think too far in the future.
But all of these are useless if we don't implement an infrastructure at least for top 5 crypto currencies that use a decentralized system, i want to go at shopping and use ethereum/bitcoin/litecoin etc to buy stuff. Only then we can say we made first step. Today only few e-commerce shops accept bitcoin only as a payment system. I really hope we can see in the near future more coins with infrastructure.
Sorry if i made grammar errors, english is not my native language.
Good job Satoshi Nakamoto! You did it!
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