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1  Bitcoin / Press / [2021-03-30] Chipotle plans to give away $100,000 in both Bitcoin and free food on: March 31, 2021, 12:56:27 AM
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You have to give the marketing department at Chipotle some credit. They certainly know how to turn heads.

The fast-food chain has announced plans to give away $100,000 in Bitcoin this Thursday as part of its National Burrito Day promotion. (It will also give away $100,000 in free food.)

Chipotle is teaming with Stefan Thomas, the tech founder who made headlines earlier this year after losing the login to the hard drive that contained $387 million in the cryptocurrency. As part of the promotion, the chain will encourage customers to go to BurritosOrBitcoin.com on April 1 to guess a six-digit code. Ten thousand codes will unlock free food. Three will unlock $25,000 in Bitcoin. And 50 will unlock $500 in Bitcoin. Players will have 10 tries to guess the code.
https://fortune.com/2021/03/30/bitcoin-chipotle-give-away-national-burrito-day-april-1/

 Cool

2  Economy / Speculation / Re: COVID-19 Vaccine Will Cause Bitcoin Crash on: February 18, 2021, 11:11:10 PM
The market growth is promising and the same is being related with different things. This is so common, whenever there happens something positive with bitcoin people start to relate the growth with any of the incident happening around the market. Covid-19 vaccine will not make any impact upon the cryptospace, because the market isn't reactive to sentiments.

covid 19 is designed to destroy the economies of many countries. with so many countries spending a lot of money, to solve it.
and the covid 19 vaccine has nothing to do with crypto at all
There are no serious reasons to fear the collapse of bitcoin in connection with the advent of the coronavirus vaccine. The coronavirus has already had a positive impact on cryptocurrency in the sense that over the past year it has attracted people's attention to cryptocurrency and showed them the way to escape from inflation of common currencies of states. The emergence of effective vaccines will simply consolidate the achieved effect, which is evidenced by recent events. Vaccination in the world is now in full swing, and Bitcoin at this time has reached unprecedented price heights of $ 52,000.
Another ATH and only blue sky above, but I find this Fortune article interesting with some good points for me to consider.
This isn’t the $50,000 Bitcoin we predicted https://fortune.com/2021/02/17/this-isnt-the-50000-bitcoin-we-predicted/
...
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But nonetheless, it’s something all Bitcoin buyers should be thinking hard about: If nobody’s actually riding the merry-go-round, will it eventually stop?

I am hoping the merry-go-round keeps going to 500K  Grin
3  Bitcoin / Project Development / Re: List of all Bitcoin addresses with a balance on: February 15, 2021, 06:00:07 PM
so your theory is these are small amount accounts are a result of dust attacks? Could some be 'left over change' during a transaction that is lost/forgotten about?
Dust attacks typically use the minimum amount (546 sat), so that's quite likely. From this data, I can't count the addresses that hold a dust input and also a larger amount.
..
I only checked the last one, and it's an Omli Layer transaction. Great, this crap spams the blockchain too Sad

As for dust attacks: I'm now kinda curious how much was paid in fees (and how much data got added to the blockchain) because of people who included the dust in their transactions. It's a lot of data so I can't quickly get a number for this.

If wallets could start ignoring dust inputs by default, that would be great!
completely agree!

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2,821,479 addresses hold 1000 sat or less. Total value: 1,403,085,278 satoshi (~14 BTC).
So do you think the dust attackers got their money worth?  based on your calculations for < 1000 addresses amounts to 14 BTC or  ~679K at present value for just the dust.  What exactly is their motive to justify this large outlay?  I suspect this represents a number of different 'dust attackers' over time so maybe hard to generalize, but I am curious what people think.
4  Bitcoin / Project Development / Re: List of all Bitcoin addresses with a balance on: February 15, 2021, 03:22:17 PM
I've counted some dust addresses:
573,966 addresses hold 546 satoshi.
168,663 addresses hold 547 satoshi.
74,835 addresses hold 548 satoshi.
2212 addresses hold 549 satoshi.
12,745 addresses hold 550 satoshi.
1,301 addresses hold 500 satoshi.
310,361 addresses hold 1000 satoshi.
6,010 addresses hold 9 satoshi.
4,209 addresses hold 1001 satoshi.

2,821,479 addresses hold 1000 sat or less. Total value: 1,403,085,278 satoshi (~14 BTC).
fascinating...so your theory is these are small amount accounts are a result of dust attacks? Could some be 'left over change' during a transaction that is lost/forgotten about?  Thanks for sharing!
5  Economy / Speculation / Re: Bitcoin hits $40k on: January 14, 2021, 12:25:37 AM
And no we're back at 34.5K
Now bitcoin price is $34,500. Though now price is lower than 40k$ but i think as soon as possible it will hit 40k again. No one can believe that in this present time this can happen that bitcoin can reach 40k. But bitcoin prove that it would be a king and will be a king of Crypto currency. Bitcoin is one of the most potential and best coin. I hope that it will be cross 50k in the meantime of June.
and now back to $37,750 today.  Quite the roller coaster BTC is  Cool
6  Economy / Speculation / Re: Bitcoin hits $40k on: January 09, 2021, 10:11:47 PM
people are rumoring that BTC will go to 100k or 300k, very logical but I think it will possible after a decent pullback.

If you pay a little more attention you will see that already we had around 10% pullbacks several times, and a bigger one may come later but no one knows when. I don't suspect any big correction before we go to 60K zone. After that when once we get around 60k to 100k I think it could get very volatile.
  Interesting related article:
Bitcoin Could Soon Hit $70,000, And That Has Nothing To Do With Currencies by Dan Runkevicius
https://www.forbes.com/sites/danrunkevicius/2021/01/07/bitcoin-could-soon-hit-70000-and-that-has-nothing-do-with-currencies
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...
Bitcoin doesn’t compete with currencies. It competes with “insurance” against paper money

From an investment and ideological standpoint, Bitcoin is actually more like a commodity. More precisely, one of the most expensive and “useless” commodities in the world—gold. Unlike other commodities like oil, gold has limited use. For example, ~3,000 tons of gold were dug up and sold last year. And of that amount, just 35% went into electronics and jewelry. The rest was melted into bars and coins and stowed away. Gold is not a medium of exchange either. You can’t walk into Pizza Hut, drop a sliver of gold on the counter, and get a slice of pizza. At most, you’ll get some strange looks.
...
If just 20% of private gold holdings moved to Bitcoin, the crypto would double or more

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So the questions you should be asking yourself are these

Will investors buy Bitcoin as a legit store of value so early on? And will they move a meaningful chunk of their “gold insurance” to Bitcoin? I’m convinced these are the questions that will drive Bitcoin’s price for now.
7  Bitcoin / Bitcoin Discussion / Re: Is it possible that number of miners will decrease for a while? on: December 23, 2020, 11:47:55 PM
Oh it's definitely possible, probably until the price goes high enough for bitcoin to be worth mining again. Especially for the small-time miners who has significantly slimmer profit margins compared to the big-time miners. In fact, this is what I assume will happen as it's the most likely one in my opinion. I don't think it's likely for bitcoin to rise in price in the short term.
what is the break even point for miners considered now? I know the cost of electricity is a big variable, but  at 20K+ most would be still be positive?  does that mean more miners are entering the market?
8  Bitcoin / Development & Technical Discussion / Re: Extracting data from a blk file. on: December 17, 2020, 12:04:02 AM
A block file (blk.dat) is not in human readable form. I wanted to know if there is a way to extract the data of it. For example converting it into text with readable block header, version number, last block, merkle root, time, target and all of the transactions that are included in that block. The same way bitcoin core translates it to JSON.
I did something just like that last summer using Python using github parser code to get me 95% where I wanted to go.  I was parsing the earliest blocks to do some analysis on coinbase transactions so my code likely doesn't handle the latest blocks as is however.  I parsed the entire block file  in a matter of minutes (granted I was parsing early smaller ones!) and harvested the fields I was interested in to sqllite database for post processing.

The following reference was useful to understand the fields and how they were encoded.

https://developer.bitcoin.org/reference/block_chain.html

I tried a number of parsers and code examples until I got one that worked for what I was doing.  I think this one was one of the more useful ones because it was standalone and I could review and edit any of the code if I needed. I didn't want to trust a 'black box' running on my PC  Wink

https://github.com/ragestack/blockchain-parser/
https://github.com/ragestack/blockchain-parser/blob/master/README.md
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Blockchain parser
Author: Denis Leonov 466611@gmail.com

Simple script for parsing blkXXXXX.dat files of Bitcoin blockchain database.

This script also compatible with most of altcoins, after making some tiny tricks.

The one realisation of blockchain parser that allows you to explore the main database as close as possible.
Don't worry to email me your questions or suggestions about this parser.

No dependencies, no third-parties modules or libs needed. Just install Python standart release and run.

Make sure you change the paths for blkXXXXX.dat files and for the parsing results to yours. The script works only with fully downloaded blockchain dat files (that are ~134Mb).

This script convert the full blockchain raw database that is stored in blkXXXXX.dat files to the simple txt view.

If this was helpfull for you, don't hesistate to make a donations!!!
Bitcoin (BTC): 1FvssyzXNnmgHbJg2DYwb7rkzTrtT8adcL
9  Economy / Speculation / Re: $25,000 can be achieved by end of year? Or January 2021? on: December 16, 2020, 11:39:44 PM
Bitcoin makes a new ATH today -> $ 21,458...
Bitcoin trading volume in the last 24 hours has been enormous, looks like before this year ends we will see Bitcoin priced at $ 25k. *we will see all the news reporting this Bitcoin bullish
Nice!  At this point there is just 'blue sky' above, but I fear if it shoots up too quickly we will be due for a hard reset/crash at some point. 
Maybe if we make it to say, 30K then 'crash' back to 21K it won't really matter   Cool Shocked
10  Bitcoin / Bitcoin Discussion / Re: MicroStrategy Has Raised $650 Million Worth Of Convertible Bonds To Finance More on: December 12, 2020, 03:06:34 PM
MicroStrategy, the largest independent publicly-traded business intelligence company announced on Dec.11 it raised $650 million worth of convertible senior notes at a rate of 0.750% due in 2025, up from a recently boosted $550 million, in a convertible senior note sale designed to allow the company to buy more bitcoin. At $650 million, MicroStrategy can purchase over 36,300 BTC at current prices.

Source: https://azcoinnews.com/microstrategy-has-raised-650-million-worth-of-convertible-bonds-to-finance-more-bitcoin.html
A related article with musings on why this news hasn't had too much impact on the price yet I found interesting:

Efficient Market Hypothesis: MicroStrategy’s $650M Bitcoin Buy Has Barely Been Priced In
https://www.newsbtc.com/analysis/btc/efficient-market-hypothesis-microstrategys-650m-bitcoin-buy-has-barely-been-priced-in/
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...
Why Isn’t The Crypto Market Pricing In New Demand Information As Supply Struggles Persist?
$650 million worth of Bitcoin at current prices represents over 36,000 BTC – a whale-sized position by crypto standards. The capital is enough to beat out any cryptocurrency’s entire market cap from rank 39 and below, to put things into perspective.

The fact that the crypto market has yet to price in such information, has Nic Carter questioning “efficient market theory.” According to Wikipedia, efficient market theory, in a nutshell, is the idea that asset prices currently reflect all available information.

But Saylor has made his intent to buy such a large sum of Bitcoin a completely public and pre-planned affair, yet the price per BTC has declined since.

However, there could be a few reasons for this. Despite the fact that Bitcoin has real inherent value, its price is primarily driven by speculation, and a fair market value is extremely difficult to establish.

Essentially, because the crypto investor base believes that Bitcoin will almost certainly reach prices of $100,000 or more next year and beyond, that information got priced in well ahead of Saylor’s display, resulting in the cryptocurrency’s rally becoming overheated too quickly.

FOMO caused a powerful bullish impulse because people have very little idea how to price this asset currently. Due to this, selloffs become just as severe quickly. Trends in speculative assets can overextend in both directions.

Another theory is that investors are viewing Saylor’s “all-in” type approach to Bitcoin a bit reckless considering the uncertainty that still remains surrounding the asset.

Regulation could soon become a factor, quantum computers are in development that could make the cryptography protecting Bitcoin less secure, and more. In essence, MicroStrategy itself is also speculating on Bitcoin, and speculation in the business world isn’t always the safest and most sound (micro) strategy.
11  Economy / Speculation / Re: Bitcoin price 17000$ today on: December 01, 2020, 01:25:38 AM
Lots of votes at $ 20k, I myself still believe it's not time to break ATH,
because there are still some problems to come, and Fud will come again,
remember there will be another big correction, under $ 10k maybe it could happen.
Can you tell us a few issues that will affect bitcoin in the near future? Many people predict bitcoin will hit $20,000, they analyze very detailed the charts and market movements also show that this price is absolutely possible.
I agree  short of a stock market crash that will temporarily drag crypto down too I expect 20+ k before end of the year.  If we see a correction below 15k I will likely pick up more myself.  I grabbed a bit after the spring dip  Cool
12  Economy / Speculation / Re: Bitcoin price 17000$ today on: November 29, 2020, 02:38:25 PM
honestly I am surprised at the speed of recovery after correction last week.  Already $18200 USD today  Grin
13  Economy / Speculation / Re: Where do we see the price of bitcoin after 3 decades on: November 28, 2020, 11:35:20 PM
As we all know the market pool of crypto currency is on growing stage and only around 0.5% of the world population is involved in it so once the market size gets matured enough in the hands of more than 10-20% of total world population, the price of BTC can be more than $1M in next 30years.

Refer the adoption chart predicted by cryptoaims
 Source- Cryptoaims
https://www.instagram.com/p/CIIWioFHT0R/?igshid=1h43h34vfok2j

Still its time to buy at $17600 and make rest of your life as financially independent
  I personally hope Hal Finney was right back in 2009 with his musings with Satoshi, but he didn't provide a time table Shocked
https://www.metzdowd.com/pipermail/cryptography/2009-January/015004.html
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Bitcoin v0.1 released
Hal Finney hal at finney.org
Sat Jan 10 21:22:01 EST 2009
...
One immediate problem with any new currency is how to value it. Even
ignoring the practical problem that virtually no one will accept it
at first, there is still a difficulty in coming up with a reasonable
argument in favor of a particular non-zero value for the coins.

As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world.  Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.
14  Economy / Speculation / Re: Bitcoin price 17000$ today on: November 28, 2020, 11:26:18 PM
No one can predict the bitcoin market  Grin
Just DCA if investing, Bitcoin may crash to $10,000 tomorrow or hit new highs at $100,000. It is simply too volatile to guess values.
HODL
I agree and I personally enjoy the wild ride...more interesting than watching my bank account accumulate its 0.01% interest  Tongue
15  Economy / Speculation / Re: Bitcoin price 17000$ today on: November 28, 2020, 07:51:18 PM
End of 2021 (December).  I am currently considering two main scenarios. 

Option number 1. 

Bitcoin prices range from $ 16,000 to $ 18,000.  The likelihood of this scenario is 60 percent. 

Option number 2.

Bitcoin price rises above $ 20,000.  The likelihood of this scenario is 30 percent. 

A drop in the price of bitcoin below $ 16,000 seems like an unlikely event to me.  I estimate the likelihood of this option being 10 percent. 

The general geopolitical environment in the world favors the price of bitcoin.  Please note that the United States cannot elect a president.  At the same time, the price of bitcoins is expressed in US dollars.
Wow that seems very pessimistic if those are your scenarios for a year from now (Dec 2021) Shocked I am at 50/50 above 20K by end of 2020 myself. 
16  Economy / Speculation / Re: Bitcoin price 17000$ today on: November 28, 2020, 03:49:51 PM
For me, it's impossible for Bitcoin to create a new all-time-high this year after its rejection at around $19,000+ few days ago.
I am not negative on Bitcoin, I am just telling on what I can see on the chart.
I hope this correction will not go deep and will not last long.
I think a stock market correction is coming soon and folks will seek alternative investments including BTC.  I personally think (hope) we will retest and pass the ATH by the end of the year but it might not until Q1 2021.
17  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto Lived In London While Working On Bitcoin + proof on: November 28, 2020, 01:53:17 PM
includes some more related musings on the timestamps

Researcher Publishes Never Before Seen Emails Between Satoshi Nakamoto and Hal Finney
https://www.coindesk.com/satoshi-nakamoto-hal-finney-emails

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Researcher Publishes Never Before Seen Emails Between Satoshi Nakamoto and Hal Finney by Jamie Redman
https://news.bitcoin.com/researcher-publishes-never-before-seen-emails-between-satoshi-nakamoto-and-hal-finney/
Just recently three previously unpublished emails from Bitcoin’s inventor, Satoshi Nakamoto, have been made public. The emails reveal the correspondence between Satoshi and the early Bitcoin developer Hal Finney. The communications between Nakamoto and Finney stem from November 2008 and January 2009, the very month Bitcoin was launched.

On November 27, three emails that have never been seen before were made public in an editorial written by Michael Kaplikov, a professor at Pace University. According to Kaplikov, the emails derived from the New York Times contributor Nathaniel Popper. The NYT journalist also wrote the book “Digital Gold” and Hal Finney’s wife Fran Finney gave Popper the emails at this time. Kaplikov published the emails alongside his editorial after confirming that the emails were indeed legitimate, and stemmed from the now-deceased Hal Finney’s old computer.
...
The very next day, Hal Finney took to Twitter and told his followers he was “running bitcoin.” It seems Finney did get a chance to look at the code after his recent correspondence with Nakamoto. In addition to the three unpublished emails, Kaplikov also discussed the email correspondence between Finney and Nakamoto that was given to the Wall Street Journal back in 2014.

The reason for this is because Kaplikov discusses discrepancies with the email’s timestamps. Kaplikov stresses that the January 2009 emails appear to be roughly eight hours ahead of Greenwich Mean Time (GMT). Just recently, new research from The Chain Bulletin contributor Doncho Karaivanov tried to pinpoint Satoshi’s home location by leveraging all his activity and scatter charts of all the timestamps.

Karaivanov’s study assumes that Satoshi Nakamoto lived in London (GMT) when he/she or they created the Bitcoin project. However, studies from the past show that Nakamoto could have also resided in California on the west coast and some have asserted he lived on the eastern side of the United States. Moreover, it is also assumed in a few of the studies that Satoshi Nakamoto pulled a lot of ‘all-nighters’ and crammed his work before he left the project.
18  Economy / Speculation / Re: As we approach ATH what is different compared to 2017? on: November 26, 2020, 10:53:44 PM
It looks like ATH was like touching the third rail Shocked...as soon as it touched it a major pull back followed, but I suspect that will be short lived and it will retest ATH before the end of the year.

https://cointelegraph.com/news/bitcoin-s-price-correction-may-not-be-over-on-chain-data-analysts-warn
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Ki Young Ju, the CEO of CryptoQuant, said that more corrections might come in the short term. The All Exchanges Inflow Mean indicator, for instance, is still hovering at a high level, suggesting that there is still a lot of selling pressure in the market. He said:

“More $BTC corrections might come. All Exchanges Inflow Mean (144-block MA) remains still high. In my opinion, we’ll face some corrections/sideways this week and it will break $20k by December this year. I’ll stack some sats a few days after.”

In the near term, the key support for Bitcoin is found at $16,000. Below it, the next major support areas to watch are $14,000 and $13,500.
19  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto Lived In London While Working On Bitcoin + proof on: November 25, 2020, 09:48:33 PM
I concur with many it was nicely researched/documented and a good read, but I wouldn't call it 'proof'.   Keeping digging and see what else you can find. Cool
Most of those points have been raised before in one form or another, but I did particularly appreciate the thought and effort put into the Genesis quote from the newspaper. Nicely done research with that even if it made some analytical leaps here and there.
20  Economy / Speculation / Re: As we approach ATH what is different compared to 2017? on: November 21, 2020, 08:03:47 PM
Overall, the current rally is different than any we have seen (although, it would be the first I'm actually experiencing). After a couple of bull runs, investors have become more aware, and would have learnt from previous experience. They've seemed to also raise the expectations, BTC is currently closing in on $19k with no real excitement in the market or media and also no hyper fomo yet, makes me assume we're only getting started.
Thanks for your input....I agree this feels more like a start then an end.  Cool
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