So many speculations arise, Bullrun this year, Bullrun next year? No, we can't get assurance for that because no one had control of the Bitcoin price trend. As long as the market remains volatile, we can simply say that assurance but just only for positive hopes. Besides, Bitcoin is still in the bullish season, the momentum still in a good run, and anytime, might be ATH appears again.
All the coming sentiment is always surprising, we can certainly point out what will happen next either by dumping or pumping, all we need is to keep positive despite some declines.
FED, ECB and some other major central banks have some control. Print more money ==> Bitcoin and other cryptos go up.  |
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Regular user? If you mean privacy benefit, BIP 157 & 158 are enough for most users. Example wallet which uses it is Wasabi Wallet.
These BIPs are definitely improves privacy for light nodes, but if user's unencrypted transaction goes through third party full node then I think there is still an issue with privacy. |
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When you hear defi you should think of-- at best the most complicated wallstreet financial engineering people mock, except with nearly zero effort to even appear to be legitimate-- and at worse just outright ponzi schemes under a pretty name. At least wbtc is on the better side of ways people are representing Bitcoin for these scams... some of the other tokenized bitcoins are constructed in ways that essentially guarantee total loss for the participants in the long run.
Lets just hope that the eventual failure of these schemes doesn't turn into massive contagion that creates a prolonged market disruption.
So really lots of bitcoin being used w/ wbtc is no more surprising than lots of bitcoin being deposited at a gambling site or a bucket shop.
But if people were using it to transact-- that would be fine too. Part of Bitcoin's value is that there are many different ways to use it.
Whilst remaining respectful of your position, please allow me to disagree. DeFi solutions like Uniswap and many others are completely legit and a lot of people use them every day. |
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I think we talk about hundreds and maybe even thousands. There are 372 exchanges listed on coinmarketcap right now and I believe most of them running their own node.
I definitely hope they are. Is 372 nodes enough? In the theoretical scenario of 1 CPU 1 Vote, the number of nodes would've be in the tens of thousands. Businesses don't usually run their own node, at least from what I've observed, most are using either coinpayments.net and bitpay. It's way easier to have a service do the payment for you. There are about 10000 nodes, I think it's enough. 1 CPU 1 Vote is about mining, not about full nodes. If you accept small payments regularly and don't operate with significant amount of BTC then bitpay or coinpayments is ok for you, but if you need to keep a lot of btc and be sure that transactions you observe are real you need a full node, maybe even several of them. Any Bitcoin Core wallet is a full node actually. I have one. And also run bitcoind on one of my servers. It uses about 300Gb of disk space, but I'm ok with that. It's affordable. TRON full node consumes much more resources for example.
IMO, disk space and internet bandwidth is scarce for the average joe. When alternatives like Electrum and other SPV wallets exists with little to no synchronization needed, most would choose them over a full node. When alternatives that are better than running a full node exists, the average user won't run a full node. The tangible benefits is just too little. I agree that for average Joe Electrum can be good enough, but there are still a lot of cases when full node is needed for businesses and even for regular users. |
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Hi,
I have read a lot of documentation and books where they explain the general functioning of Bitcoin and I think that the time has come to study the source code of Bitcoin core.
I have knowledge of c++ and python but due to the large size of the project and the number of files, I don't know where it would be correct to start.
Could someone help me on how to properly perform that task?
Start with src/chainparams.cpp. |
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As a matter of fact, investigating pooling pressure and mining centralization threats in bitcoin I've become convinced that an affirmative approach to the above question is inevitable in the framework of any solid solution to the core problem of mining centralization.
I don't see how paying full nodes some sort of reward for running could have any effects on mining and mining pools. That just adds an additional reason to centralized another aspect of bitcoin (running a full node) and if we assume there were any centralization in mining the same entities would also run full nodes and take the control in that area also. I didn't suggest that, paying rewards to full-nodes. I'm just reminding the fact that the main incentive behind running a full node was designed to be a strict requirement for participating in mining which is absolutely omitted with the current situation in the scene. If instead of tens of pools we had thousands of miners actively generating their own blocks, i.e. in a truly decentralized mining scene the actual value of running a full node would have been discovered already. Decentralization of mining is the key to this problem. Many businesses need full node, not only miners. Payment providers, exchanges, etc. And it's not so expensive to have one. How many businesses uses their own full node and not a third party payment processor? How many exchanges are there? I don't think the count would be anywhere near the thousands. I think we talk about hundreds and maybe even thousands. There are 372 exchanges listed on coinmarketcap right now and I believe most of them running their own node. If you're talking about the cost of having a full node, you can't simply estimate it based on the cost of the computer alone. You need to be able to have a interface that can be used to connect to your full node.
SPV clients and pooled mining has diminished the need for a full node.
Any Bitcoin Core wallet is a full node actually. I have one. And also run bitcoind on one of my servers. It uses about 300Gb of disk space, but I'm ok with that. It's affordable. TRON full node consumes much more resources for example. |
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I don’t care about the money but at the same time if I put all my tokens on for say $500 ETH, someone could just buy them all...
Don't put all your tokens, use some fraction. If you create new pool you decide what initial price will be and how many tokens to put it. |
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Bitcoin can go to zero only if internet will not work, like some major global disaster.
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Hello,
Central Banks monetary policy is to meet inflation rate of lets say 2-3% set by Government fiscal policy right?
Why governments want prices of all the goods and services we pay for to be increased 2-3% yearly in a compounding way?
Why cant inflation be at 0% where prices of goods/services are stable constant throughout time? For this to happen central banks got to stop printing money right?
If inflation is 0% then there is no incentive for people to spend money or put them in the bank or invest in stock market. So a lot of capital won't work for economy in this case. |
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These two well-known altcoins are really good to invest with that is without any doubt but if you are looking into a long term hodling and investment I am rooting and favoring ethereum than binance coin because I think it will double or even triple your investment.
In the long term, Ethereum is more favored, but for the medium term I think BNB is superior. Ethereum prices have risen significantly in the past two months but have remained stable for nearly the past year. On the other hand, BNB has a pretty good progress because of Binance, you can choose according to your investment plan Ethereum is more decentralized, so more trusted and secure, imho. |
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I was contemplating using low leverage (1x-10x) but if you say that the interest fees will be too high then I might have to buy spot. I'm interested in hearing the opinion of other people who take on long-term positions.
I will also advice you to go for spot trading. Leverage trading can only be good for day trading now and for experts. We do not know where bitcoin is helping to for now, maybe there would be more price correction or increase will be the price. But spot trading will be good for now. It's ok for swing trading as well if you know what you're doing. But reasonable stop loss order is required. |
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Yeah, there aren't any critical security vulnerabilities (although there does seem to be a minor crash vulnerability in 0.18), but if you're getting disk errors or whatever, I'd advise you to at the very least back up your wallet, and perhaps try to find out what's going wrong.. If you don't, you might run into a situation where your disk becomes corrupted or whatever. Of course, I don't exactly know your situation, but "disk errors" don't look like a healthy sign to me. (If it's just a permission error, the solution might be trivial.) thanks for your response - I tried to update via Snap, i have very limited linux experience - this installed but then got the disk permissions errors when trying to run 0.20.1 ..... so I have gone back to 0.18 maybe both versions are conflicting or something I tried to download a tar file from bitcoin.org, it has files inside but no real guide as to how to install as long as I am not hindering the network I will leave it on 0.18 until such time as I can figure out how to install a new version, I don't keep any bitcoin in the wallet - thank you You can download latest version here: https://bitcoincore.org/bin/bitcoin-core-0.20.1/If you use ubuntu download bitcoin-0.20.1-x86_64-linux-gnu.tar.gz file, uncompress it, find bitcoin-qt, usually it in bin folder and run it without installation. But yes, backup your wallet before doing so. |
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You can't compare WBTC and LN directly since they have different usage.
If we force to compare them from perspective of creating micro-transaction, WBTC is considered "failure" because
1. WBTC (on Ethereum network) have higher transaction fee compared with LN relay fee
2. Unlike LN, WBTC (on Ethereum network) transaction isn't instant
2. You need to mint or trade BTC for WBTC, while on LN, you just need to open a new LN channel
The main reason why WBTC exists is not about low fees. It's about DeFi and smart contracts. |
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As a matter of fact, investigating pooling pressure and mining centralization threats in bitcoin I've become convinced that an affirmative approach to the above question is inevitable in the framework of any solid solution to the core problem of mining centralization.
I don't see how paying full nodes some sort of reward for running could have any effects on mining and mining pools. That just adds an additional reason to centralized another aspect of bitcoin (running a full node) and if we assume there were any centralization in mining the same entities would also run full nodes and take the control in that area also. I didn't suggest that, paying rewards to full-nodes. I'm just reminding the fact that the main incentive behind running a full node was designed to be a strict requirement for participating in mining which is absolutely omitted with the current situation in the scene. If instead of tens of pools we had thousands of miners actively generating their own blocks, i.e. in a truly decentralized mining scene the actual value of running a full node would have been discovered already. Decentralization of mining is the key to this problem. Many businesses need full node, not only miners. Payment providers, exchanges, etc. And it's not so expensive to have one. |
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As Vitalik Buterin said they are planning to end high transaction fees this coming December 1 with the ETH 2.0 launch. Hoping it will be successful because high transaction fees is a pain to small traders like me.
They will need a year or even more to really solve the problem. |
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We're just two months away from the end of 2020 so your prediction must be late. The only coin worth watching now should be bitcoin, as it has the potential among any other coins to end the year high and don't forget bitcoin is DeFi at its highest. DeFi are decentralized finance and that's exactly what bitcoin is achieving everyday.
Bitcoin is like gold to me. It's good to have some, but protocol is a bit outdated imho. |
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