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1121  Other / Beginners & Help / Re: Wallet Collision on: June 30, 2018, 01:47:28 AM
I got, that they are randomly generated. What I mean is "random" in case of computer science - is a result of execution of some function, that returns "random" result after long line of mathematical operations

What do you even mean? If the code is meant to produce random results, it will produce random results. Anything less is not truly random. Producing the same result twice should depend entirely on the odds and nothing else. The odds in this case is astronomically low.

So, I`m asking what about if some third party will intervene in a process of generation of an adress (let`s say, some cool-*ss hacker) to generate exact the same adress the same moment (let`s say it`s happening on Then you send your BTC to this adress, thinking that it`s safe. Will the bad guys get an access to your coins in this case? Sorry if I explaining it horribly, confused in technicalities.

I don't entirely get what you're saying because running an exact copy of's private key generator at the exact same time wouldn't necessarily provide the same result. This will only happen if they use the current timestamp as the sole random seed, in which case the problem is their method of generation, not Bitcoin's security.

But yeah, as a general rule, if collision does happen, then the two holders would both have access to the coins in them.
1122  Other / Beginners & Help / Re: Can I use proxy/vpn to browse this forum? on: June 30, 2018, 01:27:35 AM
What is your motive for using VPN, to hide your identity on this forum and do something bad?

What about privacy, which is what they're intended for? Everyone needs to stop this "nothing to hide, nothing to fear" narrative. Everyone has the right to privacy. Not to mention they make insecure networks usable.

Good news for you is that you risk nothing by using VPNs/Tor as far as Bitcointalk goes, so if that's the only thing holding you back, you can go crazy and run them simultaneously all you want.
1123  Economy / Economics / Re: Why Viber, WhatsApp, skype, WeChat, Snapchat, IMO, Line not conduct IСO? on: June 29, 2018, 03:07:36 PM
Because not everything needs to be built on the blockchain and not every network needs to run on coins. Even Telegram, which seemed to have a good idea on how to utilize the blockchain for their upcoming project is stuck in a controversy. It's a massive financial success for sure, but you have to keep in mind that they haven't delivered anything at all. This situation has proven that these giants can raise money, but whether or not they can put out a good project is yet to be seen.

Personally, I can only assume that the others don't see how developing a system that runs on the blockchain can help their business despite the fact that it's extremely likely for investors to line up and provide more funding than they'd need. That, to me, speaks volumes about their confidence/interest or lack thereof. Telegram didn't take much of a financial risk considering the amount of money they raised, but it's going to hurt their brand if their project flops -- more money means higher expectations after all.
1124  Economy / Economics / Re: The Mysterious Chinese Bitcoin Whale Hoarded 94,000 BTC on: June 29, 2018, 02:37:53 PM
yeah.. He/she got a loads of btc and now he/she is dumping little by little and that's why or maybe why btc price is not stable.

I doubt selling small increments of 2000 Bitcoins can move the market substantially. Even if it did, it doesn't explain why Bitcoin has been dropping since the end of December. Can't blame everything on whales. Statistics apparently even say that the owner routinely buys dips.

Is there without doubt why this so called wallet is not owned by an exchange? I have read the article and the reason given for it is not convincing enough!

Why would an exchange keep their money on a different exchange? It's not a bulletproof case for sure, but you'd be hard pressed to answer that question. They're also saying it might be an investment institution, so it's not necessarily an uber rich person.

if he acquired that bitcoin then why is that the price is too low and started to drop during march, 94k bitcoin is too large so that the price must be affected. If he will sell it how much drop will happen?

Just because they consolidated their coins in March doesn't mean they bought in March. They've probably been in the market for a while. There's no telling what might happen, but considering the bear market, it could probably at least trigger another batch of sell-offs. He's not dumping everything if he knows what he's doing though.
1125  Other / Beginners & Help / Re: Can Temple Run Coin Be Converted To Bitcoin? on: June 29, 2018, 07:57:20 AM
I'm going to assume that this is a serious post and that you simply want to somehow monetize in-game currency from Temple Run.

Temple Run coins are non-transferable so there's no way to trade them out of your "account". The "accounts" themselves are a pain to transfer across devices and there seem to be multiple ways to gain unlimited gems via cheats. If you want to monetize this, you'd have to find someone crazy enough to go through all these hoops to buy your "account" for Bitcoin knowing full well they're very easy to get. Even then, it's not going to fetch a high price.

So basically, give up on this idea for Temple Run, and try the other games others listed above. Do note that you're very unlikely to earn a substantial amount by just gaming. If you're serious about making money while gaming, forget Bitcoin and try twitch.
1126  Other / Beginners & Help / Re: Need help from a mod on: June 29, 2018, 07:32:46 AM
You're probably stuck with what you have because names are only changed in the most special of cases, and I'm fairly sure usernames are not case sensitive (so you can't even recreate your account). I seriously doubt theymos would take the time to help you in this case.
1127  Bitcoin / Bitcoin Discussion / Re: Where's the bitcoin hype gone? on: June 28, 2018, 02:18:26 PM
Not just people like that, but the Bitcoin competitors who try to bring down Bitcoin so that his successful coins or those who are already famous in Stock exchanges who hate Bitcoin to make bad news and its purpose to destroy Bitcoin.

Well competitors aren't doing so well themselves, and some may be doing even worse, so they can't exactly take advantage of the situation lol. Competitor (mostly Bitcoin Cash lmao) trolling only really comes out in full force when they're doing well while Bitcoin is slumping.

But yeah there hasn't really been any hype since last December. You'd think the Lightning Network launch would have added a boost, but it still has a long way to go. There's really nothing to do but to increase your portfolio and/or ride it out.
1128  Bitcoin / Legal / Re: Cashing out bitcoin income paid under the table on: June 28, 2018, 02:02:03 PM
As always, you should be safe until you get scrutinized. You should be okay for as long as the amount in question won't attract tax auditors/investigators. As a small taxpayer, tax agencies will generally assume that you're filing correct taxes until you somehow mess up and set off a red flag.

If you do get caught, how much you can bullshit your way out of it would depend on your tax agency's crypto competency level. The IRS in particular has access to chain analysis services and could easily see through you, but others may not even know what addresses are.

That being said, I would still recommend that you pay the proper taxes. It depends on the country you're in, but cheating on taxes is not worth the trouble in most cases.
1129  Bitcoin / Bitcoin Discussion / Re: Facebook has announced that it is revising its blanket ban on all cryptocurrency on: June 28, 2018, 01:45:24 PM
this is a great news! but the market didn't reacted to this...
something really strange is going on here.

Did the market even react when Facebook banned it in the first place? Maybe people just don't care about the ads. Bitcoin itself doesn't run ads anyway, so having a ban in effect or not shouldn't make much of a difference in practice. Majority of the ads are run by scammy ICOs.

Either way, if big news like the Bithumb hack couldn't move the market, something of this magnitude certainly couldn't.
1130  Bitcoin / Bitcoin Discussion / Re: Why patented and closed-source blockchains never will rival Bitcoin on: June 28, 2018, 01:33:00 PM
Conclusion: Patented/closed source coins are Paypal rivals, not Bitcoin rivals. They are not decentralized, can be censored and shut down.

I agree in a general sense, but I don't think centralization is the main reason behind it. I mean, I guess you could say that they're not direct competitors because they couldn't be more different in that context, but they're both "payment systems" at the end of the day.

Either way, just because something could be shut down doesn't mean they will be. If it were, we could make a compelling argument that Bitcoin is absolutely better than Paypal just because the latter could be shut down, but it doesn't work that way. There are several aspects that make a project good, and decentralization is just one of those. We haven't seen a good centralized coin that can compete with Bitcoin yet, and we never may, but I'm not ruling it out.

The reason I believe Bitcoin can't be rivaled by closed source coins is because it can tick all the right boxes plus decentralization, not just because of decentralization.
1131  Bitcoin / Bitcoin Discussion / Re: Chinese investor loses $400,000,000 in Bitcoin on: June 28, 2018, 12:56:06 PM
Just because he had close to 100k Bitcoins in March doesn't automatically mean he bought them all in March. If he had bought at any point pre-December 2017 (all time high at that point was around ~$5k), he'd still have made at least ~$8 million dollars in profit by selling off 8k coins.

If nothing else, this scenario puts into perspective how well Bitcoin is doing despite the bear market. Same time last year, Bitcoin was trading for around ~$2k if I remember correctly.
1132  Bitcoin / Bitcoin Discussion / Re: Deflationary character of Bitcoin - positive or negative? 💲 on: June 28, 2018, 12:41:40 PM
A danger of this deflationary effect are too many hard-forks, in which an additional version of Bitcoin is created. That was the case in 2017, when Bitcoin Cash was a major hard-fork. Since then, there are 21 million Bitcoin and 21 million Bitcoin Cash. Personally, I think hard-forks are not good and they could undermine Bitcoin, remember if we would have 100 different sorts of Bitcoin, the market cap would be spread between these 100 Bitcoins and the deflationary character would be lost.

Market cap is a meaningless metric because forks don't increase the number of Bitcoins in circulation. They only increase the number of altcoins in the market. Hard forks don't affect the original Bitcoin at all unless it explicitly attempts to fracture the community a la Bitcoin Cash, and even then, few parties have enough influence for such an action.

So if there are more sorts of Bitcoins you'll have a lower marketcap each sort.

You're misunderstanding how it works. Forks add to the overall crypto market cap from thin air. No other coin has to cede any value for them to gain value.

If Bitcoin has a market cap of $100,000,000 and something like Bitcoin B forked off it, Bitcoin's $100,000,000 would be unaffected, but the overall crypto market cap would rise by however much Bitcoin B's market cap is. But again, market cap is mostly a meaningless metric anyway, especially in this context.
1133  Other / Beginners & Help / Re: want to buy something using credit card/ i pay with bitcoin on: June 28, 2018, 06:05:16 AM
You can alternatively try to sign up for services like Bitpay's debit card. You could load the card up with Bitcoin and you can use it anywhere you can use a credit card. You'll have to see if such a service is available for your country though, as there are few providers and the countries they support seem to be quite limited. This is the best option for your needs if it's available to you.

But yeah, if the reason you don't want to use a credit card is for anonymity, you'll probably have to rely on someone else to do it for you lol.
1134  Other / Beginners & Help / Re: Are they really going to offer $1M Free Token? on: June 28, 2018, 05:48:23 AM
They may really be offering that much tokens for the people eligible. What you have to ask yourself though, is who determines the value of those tokens? If OpenGift alone set selling its price, and it cannot be sold anywhere and OpenGift wouldn't buy it back, how exactly do you determine its actual monetary worth? The answer is you don't.

They may very well be legitimate, but I wouldn't expect their tokens to be worth anywhere near as much as they claim on the open market.

You asked the correct question by asking why they would need a blockchain in the first place. They don't. That means it's unlikely to take off, and investing would probably be unwise.
1135  Bitcoin / Bitcoin Discussion / Re: Bitmain edging close to 51% on: June 28, 2018, 03:16:24 AM
I'm looking up Bitmain, is this an ASIC company that mines Bitcoin? So they create the ASICs and use it themselves?

They do both. They're essentially the only (good) ASIC manufacturer for Bitcoin at the moment, and they also run mining farms and are involved with mining pools. A good chunk of their business revolve around Bitcoin, so there's no way they're going to harm Bitcoin by going for 51% of the hashrate. It has to be noted that 51% only makes attacks possible, not necessarily probable.

Either way, I'd say that throttling their hashrate output would still be a better business move than scaring away Bitcoin users. They probably deserve the negative image that most in the crypto world has of them, but they're still a business that aims to profit at the end of the day.
1136  Economy / Economics / Re: Will Institutional Investors Save Cryptocurrencies? on: June 27, 2018, 03:56:14 PM
Cyrptocurrencies don't really need saving though. It's true that it has a lot of problems now, but that should be expected out of any emerging technology. People are still figuring them out. Solving those problems is only a matter of time in my opinion.

That being said, institutional money can probably make the process quicker. They'll be injecting growth, which will increase the size of the community along with their resources for development. I do have a few concerns about them, but I feel like they'll still have a positive impact in the long run.
1137  Other / Beginners & Help / Re: PC trading : prevent security hack? on: June 27, 2018, 08:02:34 AM
As Windows can be compromise easily, iím Going to change my software machine from window to Linux

Good choice!

I didnít know that wired internet connexion also have fewer attack too damn

Only because the potential attacker would need physical access to your modem to intercept it, as opposed to an attacker needing to be a few feet from your modem on a wireless connection. If you're using a wireless router (with Wifi on) with your wired connection anyway, I don't think there would be any difference lol. Wifi is generally safe, you shouldn't strain yourself over it.
1138  Bitcoin / Bitcoin Technical Support / Re: Mining capacity v Transaction speed on: June 27, 2018, 07:51:40 AM
Because there can only be one block every 10 minutes, regardless of the number of miners. If it worked any differently, the market would be flooded with newly minted coins.

The algorithm works well enough, but everyone does agree that transaction confirmation could use an improvement -- hence the Lightning Network.
1139  Bitcoin / Bitcoin Discussion / Re: Bitcoin doing monopoly business in cryptocurrency platform ! on: June 27, 2018, 07:46:51 AM
Lol, let's define monopoly first:

What is a 'Monopolistic Market'?
A monopolistic market is a theoretical construct in which only one company may offer products and services to the public. This is the opposite of a perfectly competitive market, in which an infinite number of firms operate. In a purely monopolistic model, the monopoly firm can restrict output, raise prices and enjoy super-normal profits in the long run.

It's not even monopoly. The cryptocurrency market is a free one, where everyone is free to choose which coins to use. Bitcoin is the largest because the majority gives it high regard, not because it tries to gobble up its smaller competitors -- something which monopolistic firms actually do. The market has actually been increasingly competitive if we use Bitcoin dominance as a "competitiveness" metric. Either way, you can't stop the best from being the most successful.
1140  Bitcoin / Bitcoin Discussion / Re: Bitmain edging close to 51% on: June 27, 2018, 07:33:31 AM
I'd like to contest this:

Bitmain Technologies Ltd. ó the Beijing based Bitcoin mining company reported astonishing profits in 2017, taking in between $3 and $4 billion.

Bitmain didn't report anything. If you follow the link in the article, it says that number was estimated by a third party research firm. I'm not discrediting the article, I just want to point out that it has a tendency to exaggerate.

Either way, Bitmain won't dare to cross that threshold and would likely relent if they get close to the number. They probably have the most to lose out of any entity should a 51% attack be possible.
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