Bitcoin Forum
February 07, 2023, 06:18:53 AM *
News: Community Awards results
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 »
1  Bitcoin / Bitcoin Discussion / Re: Jamie Dimon asks, “How do we know Bitcoin supply ends in 21 million”? on: October 20, 2021, 02:48:56 AM
At least he knows one truth: Many morons can't distinguish paper bitcoin from true bitcoin on chain.
For those who don't own keys, paper bitcoin looks similar but can be created out from thin air thus cares no shit about 21m cap.

How does he know? Bcz he and his company involve minting those paper shit. He is among the scammers.
2  Bitcoin / Electrum / Re: [Electrum] Send bitcoin to multiple addresses | Mass payment | Multi payment on: October 20, 2021, 02:41:32 AM
I don't wan't to use those so-called change addresses provided by Electrum.
Thus I always use pay to many function so I can manually chose change addresses.
If you are not using the provided change addresses so you can redirect the change to a different wallet, perhaps a different address type to confuse transaction heuristics and blockchain analysis, or perhaps to deposit to an account at a service, then that's a great idea and good use of your change.

If, however, you are doing as NeuroticFish suspects and just sending the change back to the same address it came from, then can I ask why you are doing that? It achieves absolutely nothing beneficial, it does not make future transactions any smaller, it does not save you on fees, but it does compromise your privacy and the privacy of other people you are transacting with (and potentially even your security in rare cases).

I haven't reused addresses for quite a few years.

Most time I just choose the next address to the spend address in the wallet address list, and electrum would colour it green so I know it's my wallet's address.

Change jumping to different wallet address of mine happens sometimes for some certain transactions for the benefit you mentioned.
3  Bitcoin / Electrum / Re: [Electrum] Send bitcoin to multiple addresses | Mass payment | Multi payment on: October 18, 2021, 08:51:48 AM
I don't wan't to use those so-called change addresses provided by Electrum.
Thus I always use pay to many function so I can manually chose change addresses.
4  Bitcoin / Bitcoin Discussion / Re: Do you still have thoughts of picking Gold over Bitcoin, read this. on: August 13, 2021, 07:46:10 AM
Do you still have thoughts of picking Bitcoin over Ethereum(Or any shitcoins being pumped higher).

Haven't you guys realised that any arguements you made against gold for bitcoin that can be simply changed and used against bitcoin for shitcoins, are invalid.
5  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin anti-inflation? on: August 13, 2021, 07:32:14 AM
I may answer yes without hesitation 4 years ago.

But no at this time.
Is gold anti-inflation?
Check out gold price if you wish,  then think why.

I don't think bitcoin in the future could bypass the tricks getting gold price entrapped right now.
6  Bitcoin / Bitcoin Discussion / Re: What Happens to the People Wanting to Run a Node in 20+ Years? on: July 05, 2021, 12:55:51 AM
What happens to the folks wanting to run a full-node in 20+ years when downloading the entire blockchain takes months and months to complete?

The size of the Bitcoin blockchain is increasing by linear progression (about 100GB every two years), while technological advancements in the IT industry continue to grow exponentially. For example, a decade ago, most personal computers had disks drives with a capacity of 320GB or 500GB. Nowadays, most new PCs come with drives that hold 2TB or even 4TB. In fact, storage capacity is doubling every few years and data transfer speeds are increasing even more rapidly.


https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/

So, unless the rate at which new blocks are generated dramatically changes, there is no concern that blockchain data will surpass the limits of technological advancement in the foreseeable future.


Note:This figure only considers blocks data. If we include chainstate and txindex, it might have crossed 400GB right now.
7  Bitcoin / Bitcoin Discussion / Re: Staking Bitcoin and other coin freely on: June 30, 2021, 03:09:40 AM
Staking bitcoin then got sth else(maybe you call it interest) is an attack vector to bitcoin supply limit.
8  Bitcoin / Bitcoin Discussion / Re: This Bitcoin technology will destroy your favorite altcoin on: June 30, 2021, 03:03:28 AM
OP doesn't understand why alts are needed.
Most people need alts bcz they are good pump&dump scam tools.
While bitcoin could also be used as such a scam tool but not as good as alts.
9  Bitcoin / Bitcoin Discussion / Re: In theory there is still another China ban waiting to be launched. on: June 29, 2021, 01:55:13 AM
Based on their decisions they might as well just get on with it and ban Bitcoin every week.

As for Tor, can they even actually use it? As using VPNs are illegal as far as I know.

Some VPN providers in China are actually those guys who set up GFW.
They build the wall then make extra money from drilling some holes.
10  Bitcoin / Bitcoin Discussion / Re: In theory there is still another China ban waiting to be launched. on: June 29, 2021, 01:44:26 AM
That’s the same thing with every country, if you’re using VPN to access a website that the government has declared illegal then it is illegal. I don’t think VPN itself is what is illegal in China, it is what you’re using it for; if you use it for something illegal, then it is illegal.

It is not the logic of CCP.
In China, establishing international communication channels(VPN e.g.) without the permision from authority is illegal. (So placing a satelite receiver in China to download bitcoin blocks from blockstream satelite is illegal as well)
While China gov never declared twitter, facebook or bitcointalk illegal.They just block them using GFW and they never admit they block those sites.
But if anyone in China wants to explore those sites without permision, one has to violate the law.

11  Bitcoin / Bitcoin Discussion / In theory there is still another China ban waiting to be launched. on: June 28, 2021, 02:45:49 AM
According to bitnodes and ethernodes, there are around 150 BTC public nodes and 400 ETH public nodes located in China.

CCP hasn't launched an ISP level blockade yet which is one of the few cards reserved in their hands.

Since BTC has 3000+ nodes in TOR (Can't tell how many ETH nodes in TOR) , I think users in China could still have access to full nodes then.
12  Bitcoin / Bitcoin Discussion / Re: Paraguay to propose Bill that would make Bitcoin Legal Tender on: June 25, 2021, 03:16:55 AM
That bill will be read on July 14th.
BTW: Not Pass is one of the possible results.
13  Economy / Exchanges / Re: Searches for crypto exchanges currently blocked in China on: June 10, 2021, 01:33:49 AM
I know this is not a perfect example but isn't it the same country blocked lots of other popular websites?

I haven't seen such websites "collapse" because chain blocked them

Just to show you how China is ridiculously full of censorship, check out how many websites and apps they have blocked so far  Grin

01.    Gmail
02.    Dropbox
03.    Google Apps (Drive, Docs, Calendar, Maps etc.)
04.    Microsoft OneDrive
05.    Slack
06.    Google Play (i.e. no downloading Android apps)
07.    Hootsuite

08.    Facebook
09.    Instagram
10.    Twitter
11.    Snapchat
12.    Pinterest
13.     Quora
14.    Tumblr
15.    Reddit
16.    AO3

17.    YouTube
18.    DailyMotion
19.    Vimeo
20.    Twitch
21.    Periscope
22.    Pandora
23.    Spotify
24.    Soundcloud

25.    New York Times
26.    BBC
27.    Financial Times
29.    Wall Street Journal
30.    Reuters
31.    CNN
32.    TIME

33.    Google (text and voice)
34.    Amazon (Alexa)
35.    Wikipedia
36.    DuckDuckGo

37.    WhatsApp
38.    Facebook Messenger
39.    Telegram
40.    Line
41.    Signal
42.    KaKao Talk (Korean)

43.    Medium
44.    Blogspot

45.   Skype (although it sometimes works, it’s not reliable)
46.   Google Hangouts
47.   Viber

48.   Porn websites
49.   VPN websites
50.   Politically sensitive sites

So it's just another day in China.

51. Bitcointalk since 2013.

Besides, there is a bit difference between the block OP mentioned and you listed.
When users enter those words in your list on chinese serching engines, there are still results. China gov block the access when clicking the result.

But this time, no result about those exchanges would show up.

BTW: Funny thing is, when entering coinbase on baidu, there are still results and valid address returned.
14  Bitcoin / Bitcoin Discussion / Re: Would a Carbon Tax Help Bitcoin? on: June 08, 2021, 02:14:27 AM
It may damage the total mining hashrate. However it would also make the cost per hash higher.

Sum of the cost matters. So no help , no damage either.
15  Bitcoin / Bitcoin Discussion / Re: FBI says it recovered $2 million in Bitcoin Ransomware payment... How? on: June 08, 2021, 01:48:12 AM
I read some info from twitter.
They didn't recover 100% payment but 85% instead.

I guess
1.The hacker didn't move all the funds to certain exchange.
or
2.FBI didn't control 100% addresses of the mixer service which hacker used.
16  Alternate cryptocurrencies / Altcoin Discussion / What happen to ETH nodes since middle of March? on: June 01, 2021, 02:11:16 AM
https://www.ethernodes.org/history

Can someone explain the current decline of node count?
17  Bitcoin / Bitcoin Discussion / Re: The Perfect Bitcoin on: May 28, 2021, 02:18:57 AM
Forget scalability since fungibility definately has priority。

I doubt he would feel pity that bitcoin growing too fast that the fungibility update might never have a chance to be applied on bitcoin in the future.
18  Bitcoin / Bitcoin Discussion / Re: Bitcoin Mining Council on: May 27, 2021, 03:05:43 AM
Just another Bitcoin Foundation.
19  Bitcoin / Bitcoin Discussion / Re: As a Chinese, talk about my views on the new policy on: May 27, 2021, 03:03:12 AM
2. The popularity of Bitcoin mining, as Musk said, has had a negative impact on the environment and energy, forcing the Chinese government to crack down on Bitcoin mining.
China wouldn't crack down bitcoin mining for this reason. Most probably the government saw bitcoin mining popularity increasing recently, so they became worried about a decentralized currency getting support among their citizens. Another reason could be also the one you mentioned on the first point: when the market crashes, it will harm chinese's investments in bitcoin.
At same time bitcoin mining has been always very popular in China, no? This announcement and many others made before don't make much sense when you put the reality side by side, but as you said below:

I could tell you that what OP mentioned is true while it seems ridiculous though.
Do you know that China also shut down tens of large Aluminium refineries which consume enormous electricity just like crypto mining at the meantime?
Bitcoin mining is just one of the many industries harmed by this so called carbon neutrality policy.

BTW: Most Chinese citizens who take the ride of cryptos care no shit about decentralization but making them rich quickly. This is the least thing CCP would worry.
I didn't know about it. I thought China wasn't taking the global deals to decrease co2 emissions seriously.
But don't you think even chinese citizens not caring about decentralization it's still a risk for the government to have a decentralized currency becoming more popular each new day? In government's point of view, investors' money could be going to the national industry instead of a global currency which they have no control over it.

Most guys here can't read Chinese so few here could hear about the sufferings of Chinese entrepreneurs aside from crypto miners.
I just read some local news in Chinese about shutting down Aluminium refineries and was shocked by such foolishness.
Taking CO2 emissions seriously might make China political leaders look nice on the international stage I guess.
To put on make up of their leaders' faces, CCP won't have trouble damaging the interest of their own citizens (or I should use the word subjects in this case).
This Chinese logic may just be hard to understand by free people.

BTW, in my opinion the main reason why China gov hates crypto including bitcoin is it could drain fund away from their national stock and estate market where CCP could do their manipulation to deprive wealth from Chinese without foreign competitors.
20  Bitcoin / Bitcoin Discussion / Re: Arguing that a coin with a very low energy usage or "efficient", cannot exist on: May 27, 2021, 12:58:18 AM
In a POW system, miners need to spend their coins mined to cover the cost eventually, which means a redistribution of coins.
However in a POS system, the cost of machines and energy is cut to an indifferent level. There would be no such forced redistribution as POW coins.
Pages: [1] 2 3 4 5 6 7 8 9 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!