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1  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto theories and candidates on: March 23, 2021, 03:33:20 AM
But don't you think that if you find Satoshi, you'll ruin his life?

That's why I don't speculate publicly any more about Satoshi's identity. He deserves his anonymity, very much so. (I do have a clear opinion as to the best candidate, just not voicing it.)

Against the notion that Satoshi was a team, I pretty strongly believe that it was a single individual (albeit one who was well aware of the many failed attempts that pre-dated bitcoin). Part of my conviction is that it is much less likely that multiple people have managed to keep the secret this many years. But the biggest reason is that I'm convinced a single mind had to conceive of all the working parts and visualize how it all worked and was robust against any fatal flaw. Committees can improve pre-existing things, but it tends to be lone inventors who make the breakthroughs that are famous in history.
2  Bitcoin / Bitcoin Discussion / Re: PSA: Never delete your old Wallets or Keys on: March 23, 2021, 03:16:02 AM
I mined altcoins in 2014. In 2017-18 I ran across a note in an excel file that suggested I'd left a fraction of a litecoin on a mining pool. I started going through all my old mining pool accounts and wound up finding about $300 worth of Dash, Litecoin and other coins that had been below the withdrawal thresholds back in 2014. That was a fun exercise.
3  Bitcoin / Development & Technical Discussion / Re: Vanity addresses are unsafe on: August 19, 2020, 06:08:14 AM
On an unrelated note - I had a person recently tell me they were unable to donate bitcoin to a vanity address I had generated in early 2019, using software from probably a couple years earlier. They said their wallet or service (they never told me what they were using) said it was an invalid address. I pointed out the address has a couple test deposits in it and that Bitcoin devs are very careful to maintain backward compatibility during updates to the bitcoin code so that BTC does not become stranded, but does anyone know why a bitcoin wallet would be refusing a transaction to a vanity address?
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] New Piggycoin [PIGGY] | 3% interest | Web PiggyBank | Android PiggyBank on: June 17, 2019, 02:45:08 AM
I don't suppose there is anything to do except wait for those of us who had PIGGY on Cryptopia? I didn't have a large position, but large enough to pay attention if there is any means to recover PIGGY there somehow.
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] New Piggycoin [PIGGY] | 3% interest | Web PiggyBank | Android PiggyBank on: May 11, 2019, 03:47:23 PM
We have passed your request on to neurocis, eblieber.

Has anyone noticed any loss or non-loss of PIGGY on Cryptopia?

I took a haircut on BTC, but all my PIGGY is there.
6  Bitcoin / Bitcoin Discussion / Re: Could bitcoinís biggest mystery soon be revealed? on: May 08, 2019, 02:59:43 AM
LOL, no.

Obvious clickbait.
7  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will alts really die once BTC starts climbing unbelievable highs? on: May 08, 2019, 02:58:44 AM
The pattern has been for BTC dominance to plunge during bull market rallies. Meaning that when it approaches a new ATH we can expect that alts will be growing faster in general. The notion that bitcoin will be the only surviving crypto is just harebrained and keeps getting wronger and wronger as time goes on. There will be myriad financial niches filled by myriad cryptos in the future.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] New Piggycoin [PIGGY] | 3% interest | Web PiggyBank | Android PiggyBank on: March 18, 2019, 01:44:42 AM
Do you have a website or anything that fully explains what is going on with PIGGY? I'm glad to see the announcements here, but it seems kind of piecemeal.

What about people with PIGGY on Cryptopia? Will we need to withdraw the coins and do some kind of operation to claim new PIGGY, or is it expected that the exchange will handle it?

Best wishes!,
ebliever
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] New Piggycoin [PIGGY] | 3% interest | Web PiggyBank | Android PiggyBank on: January 30, 2019, 05:35:04 AM
I've been out the loop for a while, but just learned about the hack of Cryptopia. Let me be the first to congratulation Piggycoin for NOT getting around to converting to an ERC20 token, as was mentioned some months ago. I'd have lost a fair chunk of PIGGY on Cryptopia had that been the case.

As it is, those of us with PIGGY stuck on Cryptopia will just have to hope for the best that we can withdraw eventually and that losses from other coins/tokens are not "shared" to non-ETH/ERC20 coins.
10  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Really Meant as a Peer to Peer System on: January 08, 2019, 05:00:19 AM
What is important for me is that Bitcoin allows peer to peer transactions, not that it requires them. So long as this is true I have the advantage of being able to conduct direct peer to peer transactions when I wish, while keeping the convenience and utility of other arrangements (such as lending platforms and "banking" services) the rest of the time. The future is not all-or-nothing because financial transactions occur for myriad reasons and in innumerable situations. What Bitcoin provides is greater flexibility in addressing those situations than was possible with centralized fiat systems. That is part of what gives it enduring value and the opportunity to supplant centralized fiat systems going forward.
11  Bitcoin / Development & Technical Discussion / Re: Collection of 18.509 found and used Brainwallets on: October 27, 2018, 03:51:49 PM
I wonder, is there any way to estimate the % of brainwallets (either by number of accounts created or amount of funds deposited) that have been compromised? This would take more than just blockchain research but I'm curious as to whether researchers have taken a stab at understanding just how bad use of brainwallets really has been. 1%, 10%, 90% lost?
12  Bitcoin / Development & Technical Discussion / Re: Block Size Scalability Issues on: August 29, 2018, 03:40:42 AM
    At current prices of $6,600 and with a block reward of 1800 coins a day (12.5 X 6 X 24) the current rewards paid out to the miners each day is $11,880,000. At some point in the future, around 2120 I think, the last bitcoin will be mined and the miners will have to live off of transaction fees alone. If that were to happen today, at todays rates, we would need to pay out the miners the roughly $11,880,000 with transaction fees alone. Something has to give. Either there will be less miners due to loss of profitability, or much higher network fees.    

It's not a problem for there to be less miners/hashrate, so long as it is distributed (decentralized). There's no reason to say that we have to pay miners some set amount or maintain parity with the current level of profitability.
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMV] MoneroV - Fork 1:10 of Monero - Finite coin supply - Private on: June 17, 2018, 03:28:39 AM
My apologies if this has been discussed, but is there any kind of status on when HitBTC will be awarding Monero V to customers who were holding Monero in their accounts at the fork point?
14  Bitcoin / Bitcoin Discussion / Re: Things on my mind about bitcoin lately on: May 29, 2018, 01:11:30 AM
So I obviously hope I never have to deal with the first of these two issues I have but what if Gaven Andresen dies off and doesnít pass on the alert/control features that Satoshi bestowed to him, would community have to legit hard fork to even stay in the realm of Ďnew developmentí not sure how that works as Iím not a dev at all, hence my question. Not sure how the BIPís are actually approved or implemented and ATM believing is all basically comes down to getting Gavinís ultimate approvi. Which like I said I worry may at some point ultimately be a issue.

Another thing Iíve wondered since getting into BTC is what happens when all BTC are mined, people hodl, and people die? Is there any contingency in place or being planned to recover stale or dead bitcoins in wallets that are OBVIOUSLY non active addresses? Or will everything that is owned by dead investors or give up investors be doomed to simply be a burn loss?...

Bitcoin is open source, so even if all the current devs with Bitcoin Core got hit by a truck it wouldn't matter. There are other teams working with the consensus protocol and new devs could just pick up and continue the work. Besides, I don't think Gavin has even had commit access for years, so I don't think your worry about his access is even remotely accurate.

Lost bitcoins are lost. There is no plan to steal/"recover" "lost" bitcoins as such would be fiercely opposed by anyone who thinks it though. It just makes the remaining bitcoins more scarce and valuable, and how do you know which bitcoins are truly lost/unrecoverable, and which are simply being held by a very patient and quiet hodler? (Hint: you can't.) Everyone should consider their inevitable demise and plan accordingly for how they want their cryptocurrency dispositioned when they die, if they don't want it lost or randomly snagged by the first tech-savvy person with access to their belongings once they die.
15  Bitcoin / Bitcoin Discussion / Re: Advice in convert Bitcoin to USD (from a crypto-exchange to US Bank account) on: May 29, 2018, 12:59:08 AM
Hi guys, I was wondering how to convert amounts over 1.000.000 USD in bitcoins to a bank account in US dollars in the US, basically I have this question.

1.- Which exchanges are legal in the US to do this transaction, so when the transfer is done, I will not have problems with the local bank.
2.- With which banks these exchanges are friendlier to work.
3.- How do I declare this income to tax authorities.
4.- Is there any further paper work to declare for this transaction in the US.

Please I hope you can answer my specific questions, and do not have comments like why you are selling the bitcoins, nor things like, if you have that number of bitcoins you should alredy know, in fact I do not know, that is the reason why I am asking this.

In few days I am going to sign an exclusivity contract to represent a client in the sale of 5 solar power plants located in South America that are already operating and generating incomes, and we want to explore the possibility to sell them in bitcoins, but my client want some part of the deal has to be deposit in US dollars in the United States, this is the reason why I come to you with this questions.

Hope someone can help me and give some guidance

Regards
Daniel Roman

1. There are many exchanges you can use, though you will want to pick one that can handle this sort of volume without slippage. Coinbase/GDAX, Gemini (and their OTC desk in particular), Bitfinex (for institutional clients, also has an OTC desk) and Itbit spring to mind as among the better possibilities. But if you don't have existing accounts I would caution you it may take some time to get approved for this kind of volume.
2. Avoid BoA and Wells Fargo. I've not heard of any trouble with Ally Bank. Probably most banks are OK, but you might google around for horror stories with your lead choice or talk to someone in their compliance office before settling on one.
3. Bitcoin is currently treated as property, so it would be capital gains. Long term if held more than 1 year.
4. I don't believe so. I haven't read of further requirements at any rate. See https://www.irs.gov/newsroom/irs-virtual-currency-guidance for additional details though.

Best wishes with it!
16  Bitcoin / Bitcoin Discussion / Re: LN: Bitcoin could theoretically scale beyond VISA. on: May 20, 2018, 11:09:16 PM
OK,

Sorry to Burst your Bubble, but Any Coins , even the ones that don't use segwit or LN can all achieve Unlimited OffChain Scaling.

All they have to do is be on Multiple exchanges that offer Offchain Transactions such as Cryptopia or Trade Satoshi  or any other 3rd party that wants to offer offchain transactions. Also since their transactions are offchain, no tracking is possible, unless the exchange complies with a warrant.
(But if no one know what exchange you are using , they would not know where to send a warrant. )  Wink

The Exchanges work right now without the complexities / confusion  of LN.

Here is the kicker , any coin on the exchange can do it.

Exchanges don't have the time locks or limitations of LN and will probably be cheaper than LN fees.
Time will tell.

FYI:
LN hubs , use their own LN Notes (promises to redeem/pay bitcoin), all LN hubs will be required to conform to AML/KYC regulations.
So LN transactions will not stay private and will be reported.
No Governments are going to allow LN Hubs=Unlicensed Banks to bypass all of their AML/KYC regulations.
They will eventually require a banking license for all LN Hubs and full reporting compliance.

Your criticism is based on your blind faith about LN hubs being forced into AML/KYC by government regulation - despite the complete absence of such regulation currently. It would make more sense to assume that the centralized exchanges you mention would be targeted far earlier and far more effectively. Because if an exchange is targeted it must comply or it will be shut down and personnel hauled off to prison, and exchanges make big fat juicy targets.

It's funny that a bcasher (as a I assume you are) places such blind faith in centralized exchanges despite their miserable track record. Kinda fits with Ver's endorsement of Mt. Gox, come to think of it. But makes a laughingstock of their claims to favor decentralization because they choose centralization and authoritarian control at every opportunity.

If I'm a random LN node operator and some government passes a law demanding I comply along with a million other nodes/people, that government is going to have a miserable time finding out I'm even in their jurisdiction, and then tracking me down to force compliance. All for a node that might have all of $20 in funds in it. If they try this we'll bleed the government dry with guerrilla warfare tactics. It will be one huge game of whack-a-mole that the government will keep miserably losing at.

So give the bcash FUD a rest, it's just an expression of their delusional raving, as usual.
17  Bitcoin / Bitcoin Discussion / Re: Decentralized Exchange plus ledger nano on: May 20, 2018, 10:35:42 PM
If I use a decentralized exchange and a wallet, such as ledger nano, this would be the safest possible way to avoid hackers ?



Hackers, yes. Muggers/kidnappers, maybe not. (For absolute security in such circumstances you'd be looking at multi-sig and keeping the keys in ultra-secure locations. But that's probably overkill for 99% of us.)

Keep in mind some wallets have features like the ability to host multiple seeds, such that you can trick a kidnapper with a secondary address that only has a small portion of your funds.
18  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: May 08, 2018, 04:14:20 AM
Perhaps someone (ideally the people behind Cointracking) could do a survey/poll to see what people think of the new layout. I'm on the "I hate it" side.
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] New Piggycoin [PIGGY] | 3% interest | Web PiggyBank | Android PiggyBank on: May 08, 2018, 04:12:22 AM
Alright, I could be wrong (and I hope I am). Your developer (or someone who sure does a good imitation) is on the Poloniex Troll Box once in a while. My memory is that he came on there and said that they indeed used Silk Coin's wallet. I asked today on the Troll Box if there wasn't another coin that used the Silk Coin wallet and got a reply that it was PIGGY. As that meshed with my admittedly vague memory, I came here and asked.
Now, even if they did use the Silk Coin wallet, they had to use their own coding, so it is probably unlikely that it would have the same problems. But, now I wished that I hadn't asked at all. I just thought that if I posted it here, I would get the correct answer rather than listening to some random guy on the Poloniex Troll Box.
I apologize if I got PIGGY mixed up with some other coin. I am an investor in PIGGY and think it will be a great coin.


I thought the trollbox on Polo has been closed for close to a year now?
20  Other / Beginners & Help / Re: Advice For New Comers To The Crypto Verse on: May 02, 2018, 02:41:46 AM
My advice is to start reading and soaking it all in. Here's a good link to branch off from:

http://lopp.net/bitcoin.html

Other key links:

Bitcoin white paper: http://www.bitcoin.org/bitcoin.pdf

FAQ: https://www.reddit.com/r/Bitcoin/comments/6jlop4/rbitcoin_faq_newcomers_please_read/

Safe cryptocurrency storage: https://hackernoon.com/eight-simple-rules-for-protecting-your-cryptocurrency-5cdddc9f674d


The post that started it all: http://www.metzdowd.com/pipermail/cryptography/2008-October/014810.html
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