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1261  Other / Beginners & Help / Re: Google Ads-delivered malware drains NFT influencer’s entire crypto wallet on: January 16, 2023, 09:57:02 AM
That's a rookie mistake that should not be made by someone who is holding life changing amount in crypto. But if the last few weeks has been anything to go by, anyone can make mistakes and fall for cheap scam attempts.

He should have shared more details about that software he downloaded and how he thinks the rip off happened.

Do not learn your own lesson from yourself, avoid ads.
Besides avoiding ads, one should not hold assets on a device they use to browse the internet often.
If he had his crypto in a hardware wallet or an airgapped device, the software would have nothing to steal on his regular device.
1262  Bitcoin / Bitcoin Discussion / Re: Paper wallet for BTC used to be the best on: January 15, 2023, 11:56:01 AM
There is a high chance, believe me. Also, the ink on paper can easily fade away over time. What's the last time you wrote down something on the paper and lost it? No, paper is not a safe option!
Better to use hard wallet!
I have written down countless things I didn't want to lose and haven't lost any as yet. Also ink doesn't degrade as quickly as it is touted to be; Get a good ink pen and a note pad, write down what you wish to store and keep it in a secure location where it cannot be easily touched by water or accessed by people you don't want reading it.

For a natural disaster, having more than one secure location provides a safe backup as a contingency plan.

Why would you have to change the address for every transaction when you can simply send bitcoin to the same one? I am doing the same thing with my Ledger, sending bitcoin to the same address for a long term hodl.
Maybe as a security action, since the public key would be publicly visible after the transaction.
1263  Bitcoin / Bitcoin Discussion / Re: Bitcoin will be vulnerable to Quantum Computers in about 2 years on: January 15, 2023, 03:55:57 AM
So that gives us two years to come up with abwuantun resistant protocol, thanks for the heads up, although I think the perceived threat is farther off than that.

There has always been an inherent risk of quantum computers making it possible to derive private keys from their public keys, and this risk has always been a topic of discussion, meaning solutions to it would also be readily available when that time comes.
1264  Bitcoin / Bitcoin Discussion / Re: What is the core dev team plan to fight Quantum computers? on: January 15, 2023, 03:41:21 AM
Quantum computing is one of the most discussed topics of the forum for the past 10 or so years. Use the search options snv you will discover multiple topics which answer your question and you can bump any of the old ones if you have new questions.

Check here - https://bitcointalk.org/index.php?topic=5381812.0
And here on stackexchange - https://bitcoin.stackexchange.com/questions/6062/what-effects-would-a-scalable-quantum-computer-have-on-bitcoin/7134#7134
1265  Other / Beginners & Help / Re: Sometimes more effort is what is needed. on: January 14, 2023, 06:39:21 AM
but on this one I thought to myself hey bro this time you got to do it yourself without seeking for assistance on this very one from the forum else you might flood the forum with so much excessive support questions within a shart frame.
You don't have to create a new thread each time you get confused, you first search through the forum archives to know if that inquiry has been made before, as it is highly possible someone else has been confused about your current issue.
The forum also has a Google Search option you can use to check more broadly. There's a high chance there's an FAQ, or a medium article for what's confusing you.

If after all these you do not get an answer, then you are clear to start a thread here on the forum.
1266  Bitcoin / Bitcoin Discussion / Re: what if Bitcoin fees become high hindering normal users to run their own LN node on: January 14, 2023, 03:55:00 AM
If the transaction costs of Bitcoin becomes too high in the future that "nornal'' users would not be able to run lightening network nodes, I don't think that will be the major concern anymore.
Such a spike in fees would affect Bitcoin all round and users would not be able to make regular, day to day transactions on the network lowering scalability. So we will be looking at a broad solution, and not one specific to running lightening network or full nodes.

Is this really a plausible concern for the next years/decades? How could that problem be mitigated?
With a steady drop in coinbase rewards over the next 2-3 decades there would likely be increased pressure on transaction fees which could lead to a feerate spike.
One of the ways to mitigate this is off chain transactions like LN, which would lessen the burden on chain and lead to a less congested mempool. There are also more BIPs which are aimed at improving scalability.
1267  Economy / Speculation / Re: Did Miss El Salvador cause the Bitcoin price to spike last night? on: January 14, 2023, 03:46:27 AM
I didn't know about this news till you brought it here for discussion and I assume majority of bitcoiners did not know as well, without enough publicity, it does not have enough influence to move the price significantly. There are lots of factors going into the current uptrend in the Bitcoin market.

I must admit that the show has little to do with the reason why BTC is pumping. I think that the FTX crash and the impending Bitcoin halving are major factors in the recent increase in the price of bitcoin.
• FTX saga could only have slowed down price growth for a time and the market is not recovering from it.
• Bitcoin halving is over a year away, I don't imagine that's influencing anyone's trading decisions at this point in time.
1268  Economy / Speculation / Re: what caused bitcoin to go up this january 2023 on: January 14, 2023, 03:27:02 AM
Bitcoin price is constantly volatile, meaning it is always responding to the forces of demand and supply. The price you see on tracking websites is a collection of the last traded price on multiple exchanges and that of itself is a reflection of the sentiments traders have about it based on their current analysis.

There are so many factors that can affect the price of Bitcoin and cause it to go up or down;
• The fundamentals can be at play and it has been undervalued for a long time, finally getting to break a resistance level.
• It could also be the effect of some mainstream news which spread positive sentiments.

but I want to ask is bitcoin going to a bull run, or is it just a trap,? which later the price of bitcoin will fall again to 18000 or 17000?
Impossible to predict, but I don't expect a bull run so soon, maybe a couple of months in the upside, but not the kind of growth seen during a bull run. If you are not a trader, just keep holding.
Impossible to predict again.
1269  Bitcoin / Bitcoin Discussion / Re: Bitcoin doesn't have a fixed supply, but it could. Should it? on: January 13, 2023, 10:01:46 PM
A "fixed" money would be a money with a precisely fixed supply. No inflation, no deflation, ever.
Bitcoin qualifies as a fixed money in that context. The supply is fixed at a certain amount and is introduced at a constant rate over a pre determined period of time.
The only slight difference is that it's not introduced all at the same time, but rather gradually eased into circulation at a controlled rate.
1270  Bitcoin / Bitcoin Discussion / Re: Bitcoin doesn't have a fixed supply, but it could. Should it? on: January 13, 2023, 09:41:32 PM
An inflationary money increases demand pressure without true demand being affected. Price signals are thus manipulated and are impure. A deflationary money decreases demand pressure without true demand being affected. Price signals are still manipulated and are impure. A fixed money doesn't affect demand pressure at all. Price signals are pure and only affected by true supply and demand.
Demand in these cases is not constant but changing in response to users sentiment about the asset class.
Bitcoin is widely considered to be deflationary with a steady increase in purchasing power of holders, but this is not entirely down to a finite supply and as such cannot be termed as a manipulation.
What constitutes a "fixed money" in your context?

... Though as all holders of bitcoin will also have their holdings increased by 10x, the ratio of each holder to the total monetary network remains unchanged. That ratio is very important, as it determines just how much energy a holder of the money has a claim on compared to all the energy stored by the entire monetary network.
Multiple times in the past decade, holders have had the value of their holdings increased by 10× without the ratio of their holdings in relation to the total supply changing, why do you consider the ratio important and what are the downsides?
1271  Other / Meta / Re: (Another) Request: Cybersecurity board on: January 13, 2023, 09:26:54 PM
With the recent cases of hack and loss of bitcoins even affecting more experienced users and devs, it is imperative to have a dedicated board or child board which discusses the possibilities of a breach and how one can protect themselves. It could also help with some of the complacency some users feel when they've held bitcoins for a while.

Potentially having a privacy section that's a child of security as they're somewhat related or simply a dedicated Security & Privacy section.
This could work and serve as an umbrella board for all posts related to security and privacy. Many of such posts will fit loosely in either the Bitcoin, altcoin or economy boards, or any of the wallet child boards. But having a dedicated section where one can find all posts in one place, or at least all related to Bitcoin would be helpful.
1272  Bitcoin / Bitcoin Discussion / Re: Bitcoin doesn't have a fixed supply, but it could. Should it? on: January 13, 2023, 08:35:26 PM
It doesn't need to be a huge transaction. Probably even just a sub $1 transaction sent out just to show that someone is still in control of the wallet once every x years.
This would impact someone's privacy. Sending out transactions from an address reveals the public key of that address and to an extent reduces the privacy of the user.
Some would not want be comfortable with that and to maintain that privacy might need to sweep their address every so often.

But yea, I'm really not that convinced that it's a good idea, but it's debatable and definitely makes a very interesting discussion that's for sure. Even though it's obviously a very very controversial idea.
It does make for an interesting discussion and whichever side you're on there are pros and cons to it.
1273  Bitcoin / Bitcoin Discussion / Re: Why will Bitcoin have value? on: January 13, 2023, 08:31:14 PM
21 million bitcoins will be supplied over 18 million bitcoins have already been mined. 
Well over 19 million BTC has already been mined at this time.

Bitcoins value as you pointed out is tied to its qualities which people benefit from holding it - this is what drives demand.
I desire a decentralized, transparent and immutable asset which can be transferred across borders seamlessly and without the need for a third party, so I desire to own bitcoins.

The supply which is finite would not grow against demand as I pointed out in a reply few minutes ago. This means demand is the only variable and supply is constant or rather limited. This drives the value.

bitcoin is not a scarce resource
there are going to be 2,099,999,997,690,000 sharable units. these units combine at a rate of 100,000,000 to be a basket term called a (btc) bitcoin, meaning bitcoin is devidable by 100,000,000 units
yep enough units for all 8 billion people to have some division of a btc
Being divisible does not make a product less scarce. Everyone can get a share of Bitcoin, but everyone is limited in the amount of Bitcoins they can own due to its limited supply.
1274  Bitcoin / Bitcoin Discussion / Re: Bitcoin doesn't have a fixed supply, but it could. Should it? on: January 13, 2023, 08:14:33 PM
I've often heard it referenced how BTC has a fixed supply, and that being one of it's greatest advantages. It doesn't however, what it actually has is a decreasing supply with an unverifiable loss rate.
It is one of its greatest advantages. In a global economy which is plagued by inflation, having an asset that is not prone to supply shocks and with a finite supply which is highly divisible is a positive.
Unverifiable loss does not undermine the value of a limited supply, and bitcoins being divisible mitigates the risk of lack of supply.

A system to reinclude unspent UTXOs after 400 years to circulation isn't a bad idea, but if not implemented properly could lead to a spike in supply at the time the coins are included and influence the price. It could also influence the perception of decentralization, if bitcoins can be automatically moved from one wallet to another.

We could, if we really wanted to, implement an expiration timer on UTXO's of 21 Million blocks (~400 years, block count chosen for symbolic value). Expired UTXO's would be added to the block reward on expiration, and would apply to all UTXO's all the way back to the Genesis block.
There would be no block reward at that time.

Is it justified to redistribute the coins from a wallet if there wasn't an outbound transaction in 20 years or more?
I can think of a couple of logical reasons to not have an outbound transaction in 20 years. Not justifiable in my opinion.
1275  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a trend over other cryptocurrency. on: January 12, 2023, 10:04:51 PM
So I urge every one that now is the best to buy Bitcoin as it trend to increase in no distance time.
I urge everyone to do their own research.
Investment requires personal knowledge on what you wish to purchase, Bitcoin is an awesome investment options in my opinion and a good buy, but do not take my word for it, or that of anyone for that matter as some can market it to you without fully understanding how it works and the risks involved.
Do your research and make your decision.

The best moment to purchase bitcoin was last year, when prices were even cheaper.
Prices now are at its lowest point it has been for over a year now. The peak for 2022 was about $47k and the bottom was around $15,700. This makes right now precisely one of the best times to buy.
1276  Other / Beginners & Help / Re: A deep understanding of Bitcoin for beginners, it might answer your questions  on: January 12, 2023, 08:22:30 PM
This makes it much faster and more efficient than traditional methods of payment.
While transactions are not instantaneous as you pointed out earlier, you are right about them being faster than traditional methods.
Bitcoin block confirmation takes approximately ten minutes, at which the funds would have been moved from User A to user B.
But bank transactions require lots of verification before they are transferred from one bank to the other, all that happens overtly is a balance change on your account.

Bitcoin is also incredibly secure, as all Bitcoin transactions are cryptographically verified. This means that no one can counterfeit Bitcoin, and it is impossible to double spend it.
• The hashrate and mining difficulty are what contributes to the security of the network.
• Bitcoin can be double spent if the transaction has not been confirmed yet. For much larger transactions it's safer to wait for at least 3 confirmations.
1277  Other / Beginners & Help / Re: My first taste of Bitcoin. on: January 12, 2023, 07:53:41 PM
I usually caution newbies who create thread like this to have an information filter where they can skim through all the available resources, find out what's useful to them and consume the information at a workable pace; this way you avoid information overload which can dissuade newer members from using the forum anymore.

There are tons of information shared on this thread, more on the forum and even more on the internet. Find what interests you and stick to that, with time you can expand your interests.
1278  Bitcoin / Legal / Re: Intersango May Owe You Money on: January 12, 2023, 06:02:07 AM
If you're going to attempt to promote a website which is relatively new, less than a month old, you would need to provide more context to your thread and include all relevant information.

For one, you should specify that the article covers an old news and you're not just using it for clickbait or some other malicious intent.
The Press board might also be a better fit to post this.
1279  Other / Meta / Re: Bitcointalk on the phone? on: January 11, 2023, 08:26:08 PM
This is not a topic for Bitcoin discussion board. It would fit better in Meta or Beginner's & help.

There is no mobile version of the website as yet and that's the reason for the horizontal scrolling, one has been suggested multiple times and is available on the new forum software AFAIK, but at this time it's not available yet.

It takes some getting used to if you start off using the forum on PC, but you should get a hang of it with time. I use the forum on mobile (doing so right now) and don't encounter any issues.
1280  Other / Meta / Re: How do I update my ad? I got banned twice on: January 10, 2023, 10:10:24 PM
If I should ask, are there special reasons for that if not making the person's posting profile neat?
That is what I can deduce from the rule and also to reduce thread filling with bumps. Some users can boost their ANN thread with multiple bumps and it would give the impression that there is so much discussion going on it, while there isn't.
It could also be to reduce activity boosting which used to be a thing when account farming was was to do without merits.

I ask because I have seen the post history of some bounty hunters filled with links upon links and they are neither deleted or temporarily banned.
Bounty spam is limited to certain boards and doesn't exactly break any forum rules.
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