That would be impossible task. You should have kept them secured on multiple mediums. Since you are talking nearby 2009, CD, HDD and paper would have done the job for you. Anyways you are not alone who lost the track of bitcoins back in 2009 or years later, there hundreds of them who did mined, bought, traded bitcoin back then and they regretted that they lost all of them. In reality we lost many millionaires to be along the way. We have already known the craziest way people lost their bitcoin. The famous of them is James Howell, who used to mine the Bitcoin on his computer in 2009. Broke the computer so he kept the HDD with him but few years later he accidently thrown away that HDD in waste bin. He lost around 7500 bitcoins! Read this article, its old but you will understand how far people have gone in the search of their Lost Bitcoins. 1. One person has been trying to search a toxic landfill
James Howell, an IT worker in the United Kingdom, began mining bitcoin on his personal laptop in 2009. The Telegraph reports that his computer broke in 2013 but he kept the hard drive in case bitcoin became valuable one day. It did.
While cleaning his home that year, he mistakenly put the drive into a waste bin at his local landfill site in Newport, South Wales, where it got buried.
Now, with bitcoin’s value hovering just above $15,000, Howell’s 7,500 lost bitcoins are worth more than $117 million (as of Thursday afternoon).
The U.K. resident wants to try searching the landfill, which reportedly has 350,000 tons of waste, but the Newport City Council won’t allow it.
According to tech website Wired, the landfill is not open to the public and trespassing would be considered a criminal offense.
And even if the drive were recovered, it likely would no longer work after being exposed to heavy and potentially toxic waste for so long.
2. Investors are undergoing hypnotherapy
Many early Bitcoin investors are in a painful predicament. They can’t remember the complex security codes they originally created to gain access to their Bitcoin wallet. Plus, there’s no way to reset the password if you forget, reports Fortune and The Wall Street Journal.
But there’s hope on the horizon. South Carolina hypnotist James Miller has recently begun helping people recall forgotten passwords and find misplaced storage devices.
“I’ve developed a collection of techniques,” he tells the newspaper, “that allow people to access older memories or see things they’ve put away in a stashed spot.”
Miller charges one bitcoin plus 5 percent of the amount recovered for his services, although he says his rates are flexible.
3. Man hacks his Bitcoin vault
Former Wired editor Mark Frauenfelder wrote his password on an orange piece of paper in January 2017. In March, he and his wife jetted off to Tokyo for vacation. A month after returning from vacation, he noticed his orange slip was nowhere to be found. The house cleaner he hired while on vacation had apparently thrown away the piece of paper.
Unperturbed, he typed in the password from memory and received this message: Wrong PIN entered.
After three more fruitless tries, a countdown timer appeared on the screen, which made him wait a few seconds before he could try another PIN.
However, the delay doubled every time the wrong PIN was entered. From April to August, Frauenfelder tried hacking into his vault, to no avail.
One day, he received an email from the vault’s manufacturer explaining that the security was being updated. Per the email, there was a security vulnerability within the vault system that needed fixing. Frauenfelder reached out to a bitcoin expert who put him in contact with a 15-year-old coding whiz who could give him video instructions on how to exploit the vulnerability and hack the vault.
After agreeing to pay the teenager the equivalent of $3,700 in bitcoin, he received instructions that would hack his computer and show him the password.
“Following Saleem’s instructions, I copied a string of text,” he writes for Wired. “The PIN appeared instantly. Months of soul-crushing anxiety fell away like big clods of mud that had been clinging to my shoulders.” |
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I mean honestly how many times has crypto or bitcoin been declared dead in general? Its completely ridiculous to say that it is completely dead in the US. Of course there is going to be a crack down on regulatory and a framework will be in place, as it has been in place on any asset class in the world. There has to be some regulatory framework. I think ultimately the CBDC will be a very large part of this framework and operate as the new USD eventually and I rue the day this happens. Its happening in Asia right before our very eyes with China and South Korea already paying employees in the Government CBDC Yuan and Russia is going to issue their CBDC before the end of 2023 apparently. BRICS will follow suit and before you know it every government in the world will start running their own CBDC train. I imagine that it could even be nearly implemented, in theory (at least the CBDC trials) by the time Bitcoin Halves, perhaps.
It has been declared dead many times no wonder but have you ever tried to compare the situation during those dead statement and the current dead statement? There is vast difference and we have all the examples of failed infrastructure and strictest regulations within USA. Tell me why would country like America won’t accept decentralised infra if they have so many advances economically. World mimics the America when it comes to brands, styling, infra, safety and you name it. It could have easily set the classic example to the other half but instead of that they are messing with crypto in wrong way possible. They literally failed two banks in Short period of time. They aggravated the shifting of biggest tax payers in exchangers category and losing it more in the lawsuits. Now imagine how bad it is right now? |
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There are numerous factors actually. I have observed the intensity of social marketing, airdrops, third party site publications and most importantly the % participant in the ICO sales. Now the last factor is bit tricky. In case of social marketing you can understand the analytics however, in case of ICO sales, the figures could be misleading. They are not indicative of real value. For example, owners/founders could deceive the investors by sending their own money from various addresses and thus doing an insider job to create a fake demand in the market.
Since we put the anonymous thing next inline when it comes to the crypto investments, we are doomed by it's usage during investments such as above one.
Such fake shit can hamper the coin's value at alarming rate during the listing. Moreover, it also depends on which exchanger it is going to list. Usually I have seen well known exchangers will create a hype before few days of listing some coins. Peeps actually start investing during that period as well considering its getting listed on popular exchanger.
These are most common factors but not limited to this one.
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What is the riskiest or most unconventional action you have taken in order to purchase Bitcoin during its early stages, despite the lack of guarantees or promises that it would appreciate in value?
Frankly speaking my bitcoin purchase was not so sudden in which one had no time to think about the risks involved in the Bitcoin purchasing. In fact whole community around me was on the same page as of me, even those who referred me to the world of crypto currencies. They themselves asked me to be precautious as there are no actual "guarantees" in the bitcoin world. They made me study about the wallet first, how it works, what are the private keys and how I can screw up the wallet if I lose them. Forget about the investments and profitability from the bitcoin, my circle was more concern about the security, workflow, bitcoin's understanding and how we can and we can not access the bitcoin. This understanding was important to handle the bitcoin usage in early days. Then afterwards we started to go with flow of prices and understood holding is the key when you want to be successful in the bitcoin. Otherwise anyone would be rich in bitcoin business by this time. |
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What is so special about that project which makes it so unique and if it was unique then why is it so hard to recall it. Must be tried, tested and forgotten. As you mentioned, we already have Mastodon, Diaspora, and Steemit. Though not truly decentralized but there are even more projects based on the same idea, however it seems such platforms do have some cons like cyberbullying, political misinformation, and even criminal activity. After reading your article I was trying to research the project that matches your criteria though I found none, it seems I have found background research study from the Tulane university, School of Professional Advancement. They have coined the term "fediverse" which is cross linkage between two different social networks or possibility. Amazing technological innovation but still far from reality I guess. Not sure if such social media are safe considering the cyber attacks these days. The Fediverse
Decentralized social networks make up the fediverse, a term for a collection of interconnected servers used for social networking and other activities such as blogging and web publishing. An independently hosted federated network can interact with other networks in the fediverse.
This is one of the primary differences between decentralized social networks and popular social media platforms, such as Facebook and Twitter. For example, Twitter only allows users to send and receive messages to other people with Twitter accounts (e.g., Twitter users can’t send messages to Facebook accounts because there is no cross-platform alignment). Federated networks, on the other hand, allow users to engage across platforms.
Email offers an example of how federated social networks work. Take, for example, Google and Yahoo. Each company sets email rules for its users. Google does not impose regulations on Yahoo’s users. Yet, Google users can send emails to and receive emails from Yahoo users and vice versa. Federated networks work similarly.
Pros and Cons of Decentralized Networks
Social media promotes connectivity, community building, and knowledge sharing. People can use social media to drive social and political change, bring awareness to important issues, raise funds for those in need, and promote their businesses. However, social media’s ugly side can include cyberbullying, political misinformation, and even criminal activity. Because decentralized social networks are largely unmoderated, both the positive and negative outcomes become more extreme. What You Need to Know About Decentralized Social Networks |
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It is not possible to actually 'seal a private key'. First of all, it is basically impossible to safely create pre-funded collectibles (safe as in: the creator has no access to the private key).
The method Leo mentioned, allows you to make user-funded collectibles safely, but that kills the coin's collectible value, as now the user who funded it, can scam a future owner of the physical coin.
In my opinion, for substantial amounts and as technology advances / gets cheaper, hardware-wallet-inspired collectibles should be considered.
For instance, it is today possible to build a device which uses an open-source 'avalanche' circuit to generate entropy and private keys and store them in a secure chip, which even the creator cannot extract, although he has hardware access to the device. The device would be able to display a Bitcoin address, though, and destruction would be necessary to spend the funds.
This is all possible and mostly how a hardware wallet works (only really changing the way the secure element grants you signing access), but those aren't exactly cheap, so this is the one drawback.
What if there is tool which can add up the password to both public key and private key information. For example, whenever BIP38 gives 58-character Base58Check-encoded printable string it should also scramble it with 2nd layer of characters which could serve as username or characters associated with some password. So that will be printed on the physical note or coins, the first owner will have the password and X-character layer which are neither public keys nor private keys thus, no auctioneer or collector will ever know what's inside unless and until they access the info inside. I dont know, this could be very simple addition for such big problem since many years when it comes to passing down the physical coins/notes. |
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I am not sure how they are connected or disconnected from each other but Hong Kong and China seems clearly on different end when it comes to the acceptance of Crypto related legalities. Though HK is part of China and has been titles the Administrative Region for Republic of China; it holds major importance in the country. History states that all of the rules and regulations are ideally similar in both regions but when it comes down to the crypto things are weird. For example, various crypto companies are opening their bank accounts in the Hong Kong even though their basis is in the China and that's because they have more favorable conditions as compared to the China. “The Hong Kong government tries very hard to promote Web3 and crypto, but it doesn’t imply any changes in mainland regulatory regulations or the Chinese government’s attitude toward crypto,” Zhou said in an interview with Cointelegraph on May 5. On the other hand China has been very restrictive about the Crypto currencies since September 2021. This is one of the major reason various companies are trying their expansion or even the shifting of offices to HK. The lawyer also noted that the crypto market in mainland China is “still effectively shut down.” That raises enforcement concerns about Chinese clients getting a chance to use Hong Kong exchanges to get money out of China. “Certainly, the authorities will try to stop this leakage,” Lesperance noted. Read More: China’s crypto stance unchanged by moves in Hong Kong, says execDespite Hong Kong steadily progressing with cryptocurrency adoption, mainland China has not changed its anti-crypto stance in terms of local regulations. Some Chinese state-affiliated banks have increasingly opened bank accounts to serve crypto clients in Hong Kong. CPIC Investment Management — a China government-backed firm regulated as a Hong Kong entity — even launched two cryptocurrency funds in April.
All these developments don’t mean that China has softened or will soften its approach to regulating Bitcoin BTC anytime soon, according to CPIC Investment Management CEO Chenggang Zhou.
“The Hong Kong government tries very hard to promote Web3 and crypto, but it doesn’t imply any changes in mainland regulatory regulations or the Chinese government’s attitude toward crypto,” Zhou said in an interview with Cointelegraph on May 5.
Zhou emphasized that despite China government’s backing, CPIC Investment Management operates as a Hong Kong entity regulated by the Securities and Futures Commission.
“Hong Kong regulations allow us to invest in different markets or asset classes or products like cryptocurrencies, so we’re not breaching any regulations or laws,” the CEO said. He added:
“We got involved in crypto because Hong Kong regulations allow us to do that. But it’s in no way any indication of the China government’s attitude or policy, or change of policy.” The one question arise, how they are so different when it comes to the regulations. How are they keeping their regulatory framework so opposite if they are having geographical importance of administration on one another's land! |
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NFT is not something that can effectively reduce the carbon emission because one its not something that is burdening the pollution the way let’s other crypto mining is affecting. It’s effect won’t be much. I’m not sure if this project is promote the pollution free mining or is it self contained project to drive NFT sells through carbon emission free technique.
But yes, this is good initiative. However roadmap needs to be Far clearer than this post.
We can have excellent projects like this but again there are few posts above me which are reasonable one. How do we know it’s carbon emissions free?
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Well that’s because the Apple ecosystem has been made that way. You get many benefits and whatever you have mentioned are just little cons and that too associated with the prices as such. The cost is all about the branding and security. They are proven to be far secured as compared to the androids. No one can really beat the security of Apple I believe. When you enter the ecosystem of Apple no one can beat the easiness of Apple.
In your post I’m also looking for the stock purchasing answer. If you are not positive about the Apple then why did you buy them in first place.
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This is not new when it comes to congested network. We have been to this situation back in 2017 and after that it continued like crazy shit. Fellow members on the forum also started free services and paid services to boost the transaction using their pools and mining power. I think we will need those threads back again so that we can optimal confirmation at least to the forum members. That’s generous. Being regular user of bitcoin transaction that’s much needed and let’s thank those guys in advance.  |
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Yes, bitcoin is one thing that has gone far beyond expectations of just transacting anonymously and making these transactions for something betterment. It’s good that you are thinking about community like that and putting all the efforts through use of bitcoin. We have already seen mega world wide donation ti Ukraine and various natural calamities and disaster. I’m pretty sure bitcoins name is being taken positively. You can also open up trust portal for donations and have bitcoin for good cause. Good luck.
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When investing in #crypto, you need to understand where the profits come from? . You buy low and sell high at many times, but you don't always buy at the bottom and sell at the top. I jumped in and ended up not getting a good #entry , then the account was not profitable , even lost & lost . What you need to decide is when the market has explored very deeply, the whole community is afraid to panic you buy at such times, don't listen to the media at those times, it all just annoys and scares you. so all plus outside there . Remember carefully: high profits come from beautiful #entry and waiting. Decisiveness and innovation for sustainable profits! #future is a tool for the house to hook up the coins from the community after 1 season of #uptrend failure = stay away from it!
Hashtag - not supported in the forum. I am amazed at how one can reach a conclusion so quickly. Have you seen the oldest player in the crypto world? Man, they are holding since the beginning and are more profitable than the person who is DCAing for a long because they can't reach that bottom ever. However, you can always win the market if you are not selling. I have read on this forum itself, if you sell then you lose, if you keep holding then you don't lose anything. It's a simple mantra to follow. The only question is: How much profit do you want to book? If you know the answer then you know when to sell. That's how simple it is |
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Congratulations on developing the new service. By the way very refreshing and eye-catchy theme, and color combination.
It seems I do have a similar question as others are having and it would be better if the answer comes from the OP himself. How far are you gonna go with this service and are you willing to increase the hosting power anytime soon?
I tried using it, but the upload is pretty slow and this is gonna lag even further as it becomes a more powerful tool in the future. If it gets crowded then definitely it is going to lag the uploads.
If this service is going to be available for others then I might just publish it amongst my moderation team on the micro-tasking site. They would be happy to see this as users need to upload screenshots all the time. Could use this one effectively. Good luck mate.
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A client comes to me with a potential business idea - Fishery. She has conducted her market research. It is a viable business. She has written down her business plan and the rest of them. Here is are the main issues:-
a) Experience - She lacks the experience in fishery. All she knows about the potential business is hearsay, her research both online and offline, and the Facebook groups she joined. She claims she's going to have a guide from a friend who has done the business in the past.
b) Funding - She has no funding or rather, she has less than 10% of the funds needed to kick-start the business. She is therefore considering debt financing.
Furthermore, according to her, this is going to be a side-hustle for the main time as he already has a job that brings in income every one. When I quizzed her on how she intends to pay the debts she said from her main job.
I want you to act as a financial analyst and provide advice to her. Should she go ahead with the business, since she said it is serving as a side hustle or should she not even venture into it considering that she has no experience and even though she may be able to pay off the debt from her main job, her lack of experience may cause the business to fail ?
I think she does not have clear thoughts about this. Business is something that can not be taken for granted just like that. It's effort, funds, roadmap, and most importantly at least a prior experience of the field in which one is going to invest. You can't just do business in anything without experience. Many of them will say nah it doesn't work like that. You get the experience as you grow the business. That kind of motivation is really fine but in her case, she does not have funds which means she will either take the big loan or may mortgage something big (like a house, property, etc) which won't be good. In this scenario, it would be terrifying for her if she loses her business with time. Things will escalate to complicated financials and may end up with unwanted debts. It's far better to consult with accountant first locally. Have clear path of the whole thing. |
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Thanks to Ralph Merkle, Whitfield diffie, Martin hellman, these were the three great minds behind them who invented the process of asymmetric cryptography in the year 1976! It's really astounding to see how various researches in the past helped shape the bitcoin that we see today.
Did you know that Ellis, Cocks and Williamson of the British GCHQ separately invented key exchange 8 years ago in 1969 but were not allowed to share it for national security reasons? I am not sure if these are the only special wallets/tools that can sign the message OR any wallet can do but from the reading:
[,,,] [,,,] That's psych! So they lost the credit with the time just to make sure they have national security in line? I did not get the point really, because during the 1969 most of the wars were disappeared in the air or were just cold wars here and there. What was the event where these "key exchanges" useful at the time. Would be grateful if you point me to article or something where I can read the history. It gives chills for sure when you try to imagine past and it's cold connection with what is invented today.
Does it mean Ralph Merkle, Whitfield diffie, Martin hellman just took their shot by reublishing the work of those three?  In fact, that seems like an uncommon tool to use and a person like me with little tech knowledge could end up messing up things easily. The watching number is still good on that github thread. Far better to use wallets. Electrum still seems easier though it may not be standard, but it does the work. |
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question about physical bitcoins:
do you ever came across a theft case where thief stole the victims all bitcoins. like in physical world many banks robbed by robbers.
If bitcoin can be robbed like banks or any type of robbery, how can we be safe with this like more tips for security excluding writing key phrase on paper, etc.
what type of safety a individual should take to protect bitcoins physically like cascusious coins.
snip
You might not have come across the stories but yep there have been the cases where individuals were robbed physically for the bitcoin. There are more than 100 cases of such robbery, harassment or by any force meant at the time. These were literally done at someone's home, at coffee shop, public places or even with gang forces. You wouldn't belive the ways people have used to rob someone for their bitcoins. 1. By drugging 2. Fake workers3. Seducing4. Gang forces5. Beating 6. Knifepoint7. Kidnapping and ransom 8. ......... there are literally N-number of ways people have done these acts. The stories are terrifying. Most of them were also shot dead, hammered to death, tied and tortured. Yes, these things are happening and bitcoin can be stolen in physical ways. So be safe, do not reveal much in the public. It's better that way. If you are interested in reading more stories then you can refer to the following article which has been published on the GitHub. Physical Bitcoin Attacks
Want safety? I think it's better to keep oneself from talking much about the bitcoin in the nearby vicinity and trading bitcoin too openly. It is entirely fine if you are just doing small trades and not exposing how much you have in bitcoin (for example, millions!) I think in similar way we protect the fiats, same goes for the Bitcoin as well. |
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Ah, amazing had nice winning in the last betting round on Bitcoin prices. Now I wish I had enjoyed the time weight multiplier and had bet way at the start of the month. This is why I am opening up the conversation on the first day of this month and want to know whose standing where for this month's betting on Bitcoin.
Considering the last month's entire average, the lowest bitcoin went was around $27,070 while it was able to reach the highest peak mark of $ 31,005 that was definitely an amazing price hike and we were literally thrown away into another range quickly.
There was mostly negative news about the USA and its regulatory bodies getting stricter on it and yet it hyped a little but sooner went down. So there is that.
Now with the new month gearing up and news still remaining on the same end, I feel like we are gonna stay in the range of 28-29K. Might have some pumps on the way but seems impossible to cross it. The system is also showing low odds on that range thus a higher chance of the same.
Whats your pick anyways?
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This is not simple for people like me that don't have any background on programming.
That's correct. And I think that the easy solution is to use Timelock feature in Electrum, which is available on the advanced tab at/"after" sending. The initial purpose is slightly different, but this thread shows how to use Timelock in Electrum: [Tutorial] Making your crypto inheritiblePS. Obviously I recommend trying it out for free on Testnet  Thanks @littlemouse for your reference. Actually that thread clearly mentions how difficult it would be to set up the timelock feature with the less to no knowledge about codes. Checkout the solution from @Coin_trader. You can set up the same in Electrum wallet itself and have that “inheritance” bitcoin machine set up for your daughter. Good to see that whatever we imagine in the crypto thee days is already thought by someone and surprisingly some solution pre exists.  If someone has already tried, then share the thoughts. This could also become the best way to “HODL” the coins as long term investment for specific period of time through above system. |
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Just amazing to read how this technology works. After reading all the responses I had to see how the whole thing works and found an interesting article. Basically, we have "asymmetric cryptography", that helps in the process of securing and signing a message. Thanks to Ralph Merkle, Whitfield diffie, Martin hellman, these were the three great minds behind them who invented the process of asymmetric cryptography in the year 1976! It's really astounding to see how various researches in the past helped shape the bitcoin that we see today. Asymmetric cryptography is one of the most powerful techniques in computing and a fundamental part of the security of the Internet and blockchain-type networks. Its use has allowed high levels of security where it is necessary, guaranteeing privacy and even anonymity. What is asymmetric cryptography?As I understand from the article that I read we can use the signing process for: - Verification of origin of funds
- Be able to make payments to a specific address safely
- As a preliminary to the configuration of multi-sig or multi-signature purses
- Be able to prove that you are the owner of an address.
I am not sure if these are the only special wallets/tools that can sign the message OR any wallet can do but from the reading: - Bitcoin Core
- Electrum Wallet
- Trezor Wallet
- Bitcoin Signature Tool - Seems to be referred tool
- GitHub library ?
I am not so sure about the GitHub signing and how it happens but it seems we have an open source tool for signing? @OP, I believe this article would help you a lot in understanding more about the entire process and how to work with various tools. I have just shared the chunks of article. Even I am introducing myself to the singing so deeply for the first time, so here you go mate: How to sign a message with your bitcoin address?Security of this system
Surely you wonder if this system is really safe and cannot be broken in some way. If that is one of your concerns, you might like to know that you have nothing to worry about: this function is secure, in fact it is highly secure.
This is possible thanks to the fact that Bitcoin uses the digital signature algorithm ECDSA to perform all these operations, and for the moment, said algorithm next to the curve secp256k1, is considered highly safe. In short, the security of both Bitcoin and this function is protected by very powerful cryptography that has not been broken at the moment. To give you an idea of its security, you should know that this process is based on a superior security than almost anyone that you use in your day to day in some processes with online banking, messaging, telephony, ...
On the other hand, and as you can see, it is a really simple process, in fact, if you know encryption and decryption systems for messages such as PGP (or GPG) you will realize that it works using the same basis of principles.
The objective of all this is to provide you with a tool to send and verify information safely and without any kind of intermediary for it. As always, Bitcoin has been targeting decentralization from its inception and features like these only attest to that effort.
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How does that work, if the input is higher than YoMixe's balance coin, or does it work on a versatile algorithm? Just read my question as a common user if it is a stupid one, considering I'm not tech-savvy on that part. Ponzi? Does Yomix use the same rule as (in)famous Chipmixer that coins received are 'older' than coins sent? This means that if the mixer take a commission from 1% to 3%, then you will get a commission from 1% to 1.5%, according to the commission that will be deducted in each transaction.
I think you wanted to write: 0.5% - 1.5% Obviously not In case deposit amount is higher than our balance you'll just need to wait other users deposits. As we have pretty good inflow and enough our own reserves i don't think it'll happen. Pretty good chance that we are getting fresh coins. Must be working on some tagging system I believe. Anyways, my next payout is going through the YoMix for sure. I did use chipmixer back in time, and that was the first time usage of mixer for me. I almost got confused as to how I received my coins. Then one of the friend told, I actually get the keys for it using which I can load my wallet.
This means that if the mixer take a commission from 1% to 3%, then you will get a commission from 1% to 1.5%, according to the commission that will be deducted in each transaction.
I think you wanted to write: 0.5% - 1.5%
Okay, so definitely need to focus on big bulls to make their transactions via YoMix considering we will be earning % of commission fees. Hmm, not bad though. A similar range is booked by exchangers in maker and taker fees. Is anyone doing it already with success?
@yomix Will the network congestion affect our transactions and will it increase the fees taken by YoMix? |
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