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1  Other / Serious discussion / $100K by 2022 vs $100k by 2032 on: November 02, 2019, 02:34:26 AM
Those are the two scenarios im contemplating right now.

$100k by 2022: We continue going through the current (which in my book, has already started) accumulation period to shoot up to a parabolic move to 100k by 2022, then crash an 70-80%. We do not revisit lower lows. $1million

$100k by 2032: We go throught a "crypto-winter" of sorts, we visit lower lows (as low as 1k ish, completing the model of an Hyperwave). We get to pic a fuckton of cheap coins for a while because Bitcoin becomes pretty much dead again by normies and stablishment. Which means good news as we spend years buying coins in this limbo of 1k-3k. By 2032, it shots up to 100k as people wake up to all the time they've lost saving fiat instead of Bitcoin.

On both scenarios we end up rich:

Scenario 1, your current BTC will be worth a fuckton by 2032, even if you are not able to increase your stack by much anymore in terms of BTC as it becomes increasingly harder to add in +1 BTC due the higher prices. You are now rich.

Scenario 2, you have accumulated a lot of BTC through the crypto winter period, which means that by the time it goes to 100k, you are sitting on a lot of BTC, also rich.
2  Bitcoin / Development & Technical Discussion / Game theory involving Quantum Resistance protocol on: October 08, 2019, 11:17:19 PM
Let's say Google or your favorite triple letter agency (same thing?) come up with a computer of quantum nature which is able to move funds of our guy satoshi. Everyone starts tripping, headlines everywhere, mass hysteria. How would the game theory involved in the necessary changes to protect from this unfold?

Forget about what to do specifically, just think, of all possible candidates, how would the one that gets selected as the fit candidate become the winning fork? We would have people arguing this or that method is the way to go until we are pushed to the limit? It would be segwit on steroids.

I really wonder about this pretty much daily and I don't have the answers. Not only we would have a problem changing hashing algos, eliptic curves and whathaveyou, but we would need to do something about funds which are no longer safe. What do you do with satoshis stack? How does this resolve? There would be people claiming "do nothing with satoshis coins, they are his coins after all" while others will argue the coins are basically a big vulnerability for the ecosystem at that point. Do you have any clear vision of how things would turn out? These things need to be planned ahead and I don't see enough discussion tbh.
3  Economy / Economics / The re-accumulation period is in on: October 02, 2019, 05:41:14 PM



The chart aligns with a perfect timing for:

1) General public has been demolished and demoralized. Everyone that is still hasn't realized altcoins are dead are about to.
2) Huge updates coming for Bitcoin, start reading on this for instance: https://arxiv.org/abs/1905.10518
3) Halving comes at the right time
4) OTC options like Bakkt are ready for boomers and computer illiterates which want exposure to Bitcoin but have no resources to keep their own

How much are you buying monthly?
4  Bitcoin / Bitcoin Discussion / Big drop in hashrate on: September 24, 2019, 04:55:00 PM
I just saw a big drop in hashrate, check this chart:



It's clearly visible from the all time chart, pretty big cut right a couple of hours ago. Upon closer inspection:



From 98EH/s to 63EH/s, we are looking at probably an entire farm being shut down. It's either authorities, an accident, or resetting all systems at once. Hopefully one of our chinese friends can tell us something and report back, because who else is dealing with this hashrate? I know McAffee had something going on but I doubt it's that relevant.
5  Bitcoin / Development & Technical Discussion / Self destruct/send coins after X failed pass attempts on: September 23, 2019, 12:10:40 AM
The idea is that if someone is constantly failing to enter the correct password to unlock the wallet, the funds would move to an address of choice (which cannot be changed unless you own the password). Another option would be to self destruct the wallet.dat. The point is to avoid people to stop trying to bruteforce the thing. The problem is how to even go about this since someone could just use another client which doesn't have this feature assuming it got added in a Core update. It would at least IMO protect against non sophisticated attackers.
6  Alternate cryptocurrencies / Altcoin Discussion / There has never been a worse time to hold altcoins on: September 20, 2019, 01:15:20 PM


Stop deluding yourselves, the altcoin market is not coming back, and if it does come back, you better dump whatever you have left because there are no chances of it pumping ever again beyond an exit scam. Smart money has learned to stop pumping shitcoins. Altcoin continue to sink against BTC. Dollar valuations don't matter because altcoins have no liquidity outside of BTC, so with BTC pairs going down you are going to lose purchasing power during the process. And still, they eventually keep going down against assorted fiats too.

Bottomline is, you are holding a massive hot potatoes bag by having a diversified "crypto portfolio" in altcoins. Sure there will always be the odd ones that pump, but that's worse than going to the casino. You might as well trade regulated penny stocks if you want to bet on low caps going to the moon, where there are less chances of getting screwed over by massive scammers. At least you surely lower exchange rate risk (and most of those shitcoins are listed in shady exchanges).
7  Bitcoin / Bitcoin Technical Support / Opt-in telemetry on: September 09, 2019, 12:56:26 AM
Im developing some sort of database which will have relevant info when it comes to time spent syncing the blockchain from scratch, given variables of the device used and the speed of the internet connection.

Since there is a big variability due nodes connected at x time and differences in blocks (initial blocks go through faster than crowded ones specially in times of spam) I was wondering if Bitcoin Core could have a built-in, of course optional and disabled by default, telemetry option to send all those useful variables to develop said database. Right now im just using standard deviations and rough estimates, however if I had a proper data collector that grows I could make great use of that.

Given the nature of Bitcoin, you want things to stay anonymous, so this information must guarantee to not contain the wrong metadata. My question is simple: Is this possible within this context, or the whole concept it will never get ACKd? I understand why it wouldn't, but I also see the positive on having real data on what is the most effective setup to run a node.

PS: Please move thread to software dev subforum.
8  Economy / Gambling discussion / Tyson Fury vs Otto Wallins on: August 22, 2019, 07:28:15 PM
https://www.oddschecker.com/boxing/tyson-fury-v-otto-wallin/winner

We finally have some odds. As expected this is a very lucrative fight, if you are insane enough to bet for an Otto Wallin massive upset. This guy doesn't even have a wikipedia page, so it would be a shock, an amargeddon in the boxing world. It would ruin the Deontay Wilder rematch just like Joshua's loss ruined the fight vs Wilder, but it would be 10 times worse since this guy is less of a contender than Ruiz. As a boxing fan let's just hope things go as planned and this is an easy win for Tyson. It should be easy money, get some extra bucks and that's all. If someone wants to bet on a Tyson loss, I guess it wouldn't be a bad idea to put 100 bucks or something that you can afford to lose just in case planets align and the disaster happens.
9  Bitcoin / Development & Technical Discussion / Using mouse input for extra entropy on: August 20, 2019, 02:38:00 AM
Truecrypt/Veracrypt uses something interesting during the creation of encrypted volumes: it asks for the user to move his mouse in random patterns for extra entropy. Could this be beneficial when creating an HD wallet for the first time? See this:

https://www.youtube.com/watch?v=cxo8xosH_TI&t=15m07s

Just an idea if someone is developing a wallet or if this could be implemented within existing wallets improving entropy.
10  Economy / Gambling discussion / Andy Ruiz vs Anthony Joshua II on: August 09, 2019, 07:13:47 PM
It was just confirmed that the fight is going on December 7th in Saudi Arabia. Tons of huge fights comming on there. Khabib's next fight is in Abu Dabbi. Big moves in the fight game by the middle east...

Quote

Matchroom Sport has officially confirmed that the anticipated rematch between Andy Ruiz and Anthony Joshua will take place on December 7th in Diriyah, Saudi Arabia.

Eddie Hearn of Matchroom will hold a press conference this coming Monday in London, to discuss the details of the event.

The card is being called "Clash on The Dunes."



Who are you going with? I see Joshua actually showing up with some balls and focus that night and getting the job done to redeem himself, which will make the Wilder vs Joshua/Tyson vs Joshua fight relevant again.

As much as I want Andy to win again because he is such a likeable guy and a hardworker, I don't really see it. I mean if Ruiz knocks the fuck out Joshua's chin again then it's pretty much over, he should retire. I think he is aware of this fact and he isn't going to let this happen twice. I give Joshua an 8th round KO. But this is an extremely risky bet. Honeslty im not even sure if I want to get involved in this one. Ruiz can really pull it again. I want to see the odds before I make a decision.
11  Bitcoin / Project Development / Website to parse BTC price into spreadsheet on: August 03, 2019, 05:20:06 PM
I was using https://www.bitcoinexchangerate.org/price thus far for a .csv project which would update BTC price equivalences in fiat every X seconds, it was working but for some reason it's no longer loading (Error 502 in OpenCalc)

Does anyone know a website like this that simply shows the price so you can easily use the tables on OpenCalc and load the price there? I believe it's not working because the certificate of the website is not set up properly anymore.
12  Economy / Gambling discussion / Wilder vs Fury 2: The Rematch on: July 31, 2019, 11:55:01 AM
Nobody made a thread for this yet as far as I can tell, so here we go. The megafight is scheluded to go down somewhere next year. Who do you got? Im betting on a Tyson 12 round unanimous decision. He just has to avoid getting clipped again by Wilder. In my book, Tyson Fury won the first match. Las Vegas judges decided to ruin my weekend again my going for a draw, ridiculous. I accepted GGG vs Canelo 1 as a draw and that was pushing it a bit, but this one, even considering the knockout, was a Tyson tight but fair win on the decision.

PS: Actually Bob Arum claims the fight is possible this December. They may want to avoid another Ruiz incident because promoters stretch buildups with filler fights too much until someone that wasn't supposed to win, wins and ruins the whole thing (or makes it even more fun).
13  Bitcoin / Development & Technical Discussion / Why the economical part isn't mentioned on the whitepaper? on: July 23, 2019, 07:45:48 PM
If you control + f keywords such as "emission", "supply", etc, you can't find anything on the whitepaper. No mention of the total supply, of the emission curve, let alone block sizes and whatnot.

My take is that he just focused on the technicals strictly and in theory everything was up to consensus, even tho it was clear that protocol solidification and incentive mechanism would make those basically hard coded variables thus no longer practically variables which you could say are part of the technical design, but again nothing is mentioned there.
14  Economy / Economics / FED Chairmain compares Bitcoin to Gold on: July 15, 2019, 03:25:05 AM
I was surprised that I didn't see much coverage on this. This is pretty big, the guy running the FED at least officially basically knows what's up: That Bitcoin is being used a a store of value/speculation, and that it's competition for gold.

https://www.youtube.com/watch?time_continue=1&v=jBUlXryF2WI

He also admitted that US as world reserve currency may not last forever...
15  Bitcoin / Bitcoin Technical Support / Benchmark mode on: July 08, 2019, 02:34:04 PM
I was thinking about developing a benchmark mode for Bitcoin Core which would extrapolate synch time in order to make a database with different devices, without having to manually download and validate the entire blockchain.

Would it be possible to develop this with extrapolation techniques? You see benchmark modes in various software most commonly in videogames, by taking averages of FPS during different workloads. Because of the nature of blockchain the difficulty is that speed decreases and increases depending on where you are at (the first years go pretty fast, then we have the spam years which lower the average and so on). If you have any ideas in order to extrapolate averages with given data then post it here.

PS: Maybe move this to development subforum.
16  Bitcoin / Bitcoin Technical Support / Raspberry Pi 4 performance on: July 06, 2019, 01:00:45 AM
The Raspberry Pi 4 is here, if someone gets one, could you post performance input including:

1) Time for the Bitcoin wallet to open
2) Time to download and sync the entire blockchain
3) Time to sync exiting copy of the blockchain

+ any other relevant performance info.

State your OS and your storage device.

Interested in the 4 GB version..
17  Economy / Economics / Reminder: Goldbugs are a joke on: July 05, 2019, 11:56:47 PM
Gold finally gets a little pump after years of stagnation and underperforming when it should have been performing against the ongoing fiat clusterfucks all over, and goldbugs start giving "told you so" lessons.

Whenever you see a goldbug giving you a 101 on economy and investments lesson (the same goldbugs which told you to buy gold instead of "that Bitcoin scam" since 2012) show them this pic which exposes the mother of all goldbugs:



Unbelievable that this guy and their followers still have the audacity to go around lecturing Bitcoin holders. They should be quietly hiding under a rock at best.
18  Alternate cryptocurrencies / Speculation (Altcoins) / Bitcoin back to %43 dominance, altcoins down on: June 29, 2018, 02:40:13 PM
https://coinmarketcap.com/charts/#dominance-percentage

Not surprisingly enough, looks like altcoins lose dominance in times of uncertainty witih Bitcoin. So even if Bitcoin loses value against USD, it wins value against altcoins. This proves that when the shitcoin bubble pops, it's going to bring Bitcoin back to 80% average dominance (where it belongs). Very few altcoins are worth the risk of diversification hoping for some BTC gains, so if you can afford low risk, just say 100% on BTC, and things will sort itselves in the next 3 years.
19  Alternate cryptocurrencies / Speculation (Altcoins) / Bullish article on zerohedge on: June 29, 2018, 02:00:25 PM
https://www.zerohedge.com/news/2018-06-28/malekan-2018-shaping-be-tipping-point-institutional-embrace-bitcoin

Just saw this bullish article where they hint at institutional money coming in 2018. It's possible, since they would only get at the best possible scenario (lowest possible price). They are probably waiting for despair to kick in, which could happen if we go way below $5000, then they will go all in and absolutely destroy any shorts, they will put a long that will last for ages. If they are smart they will start thinking in terms of BTC and not USD, so the sell pressure shouldn't be high. Any government not stacking up BTC still doesn't get the memo. 2018 could be the last year we see 4 figure prices ever, 2019 if bear market is extended to try to extract as much BTC away from noob's hands as possible. Get your fiat ready.
20  Economy / Speculation / Watch Tone Vays desperately trying to keep the price going down on: June 24, 2018, 05:50:30 PM
The market has bottomed and this is how proper trend reversals look like, but Tone Vays, trader with a big following, claimed $4900 as the best case scenario for a bottom.

I predict that he will start FUDding as much as he can to not be wrong. He was wrong at $7500 being the bottom for 2017 (we know it was $20k) and he will be wrong with the 2018 bottom again, even if he did a decent job at predicting a bear market longer than a lot of other people were claiming.
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