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November 21, 2019, 09:19:20 PM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
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1361  Bitcoin / Development & Technical Discussion / Re: bitcoin qt wallet on: March 15, 2018, 03:53:33 PM
I'm planning to run btc qt wallet and bitcoin abc's core wallet on the same PC. To avoid the 2 wallets meddling with each other, is it sufficient by defining different -datadir and -port options? Any other switches I should specify?

-datadir should be enough to avoid conflicts. Bitcoin ABC installs on the same folder by default as Bitcoin Core which corrupted my installation... it was insane, I had to sync the entire thing from day one..

Ideally, you do not want to have both on the same computer. Pick up a cheap laptop to run altcoin software, that's my recommendation. Not even VM is enough isolation, always be paranoid with these altcoin scammers.
1362  Other / Off-topic / Your opinion on cascaded algorithms on: March 15, 2018, 03:32:31 PM
I have been looking at different encryption schemes. For example, Veracrypt has different combinations, namely, AES256 only, AES256(Serpent), AES256(Serpent(Twofish)) and other combos.

Is this worth your time, or AES256 is enough? A part of me is too paranoid to use only AES256, since it's a NIST algo, and who knows. In theory, if AES256 gets cracked, you still would have to crack Serpent + Twofish.

What's your opinion on adding this kind of encryption on Core's wallet.dat?
1363  Economy / Speculation / Re: Anyone waiting for BTC price went down under $7,000? on: March 14, 2018, 04:26:12 PM
People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?

There are people waiting for the price drop to 4000 per btc ; I agree with them
A few months ago prices were 2000
bitcoin rise a lot . so has to return to reasonable prices

I know some people at the workplace which are extremely bitter since the MtGox days, they FUD Bitcoin because they didn't follow my advice to buy back then, now all of these guys are just hoping to buy back in at $1300... yes I said it right, $1300. There's people with really low entry point expectatives.

Im telling them that they must not wait that much because it will never happen. I said that in my opinion, the dream entry point is $3000. They will probably not listen and they will buy back in at $30,000 a year from now.
1364  Economy / Speculation / Re: Would bitcoin survive with more efficient mining? on: March 14, 2018, 04:03:39 PM
I don't see where the problem is. We have way more than enough security in bitcoin, the hashrate is huge. If a big chunk of miners stopped mining for whatever reason, the difficulty would go down and someone else would find profit.

Speculators speculate around the fact that the coins are limited in supply and the fact that Bitcoin remains "the next Bitcoin", namely, there are no better projects out there that could take the #1 spot realistically, so if you want exposure in crypto you want exposure in Bitcoin. Again, I don't see a problem in mining. Changing PoW algo would crash the market.
1365  Economy / Speculation / Re: Shower thought. Would this start "killing" the banks? on: March 14, 2018, 03:55:11 PM
The transition must happen by means of necessity. If people don't see a real necessity to get their money out of banks and into Bitcoin, then this idea of "killing the banks" will simply never happen. That's how things die for real.

People no longer use regular mail (except on few occassions) this is how email took over, people don't need X because they find a better alternative and this alternative becomes #1.

And even then, as I said, the old stuff still gets used sometimes, even fax.
1366  Economy / Speculation / Re: Shower thought. Would this start "killing" the banks? on: March 13, 2018, 06:10:00 PM
The only thing that would end is your freedom. If you get a loan and don't pay, they will come after you. If they can't find your bitcoins, they will find your properties and then get some lube because you are about to get raped.

The only way to kill the banks is if people willingly stop using them and store all of their wealth on bitcoin and transact on there, which I don't see happening anytime soon. The good news is, we don't need that to go to the moon. A small % of diversification in big portfolios can bring BTC to 6 figures rather easy.
1367  Alternate cryptocurrencies / Altcoin Discussion / Re: Boolberry V2: Efficient Compact Decentralized Anonymous Payments via Ring Sigs on: March 13, 2018, 05:38:27 PM
Would this be a new project or a fork of the existing (I think dead) Boolberry coin blockchain? Would owners of the original Boolberry get tokens on this new other blockchain? Im asking because I think I still have some "Boolberry 1" coins. I remember that I had Bytecoin, Monero and Boolberry because I knew one of them would blow up due the ring signature hype. Unfortunately I sold Monero and kept the other two which are pretty dead.

Also I think this belongs in the altcoin section, which is a shame because a lot of serious threads get buried really fast by non serious threads in there.
1368  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Did you think the G-20 Summit Will help crypto to regain it's positive growth on: March 13, 2018, 03:56:41 PM
The point of bitcoin is to not rely on third parties, specially bureaucratic nightmare institutions. We don't need the approval of "g-20 summit" or whatever the fuck that means. What we need is a strong algorithm, solid rules that everyone must follow, and these rules not being able to be changed at will. This is how bitcoin stays strong and that is what gives it value, not the approval of centralized institutions ran by crooks.
1369  Alternate cryptocurrencies / Speculation (Altcoins) / Re: "ETHereum crashed " don't worry and wait on: March 13, 2018, 03:25:46 PM
Ethereum is not Bitcoin. People that think just because Bitcoin recovered from the dead other coins can do it too are wrong. Ethereum's only strong selling point is the ability to issue ICO tokens in a fast and easy way. When regulations come left and right on the ICO sector, the ICO stuff will probably go down along with ETH's first use case, which mean's ETH's price will go down too.

ETH long term is not looking good in my opinion, it never did. Get your profits while you can and hodl BTC.
1370  Alternate cryptocurrencies / Speculation (Altcoins) / Re: $5k Portfolio on: March 13, 2018, 01:37:17 AM
Why not, these threads are fun. Here is my take:

1) Conservative approach: Someone that wants to make big gains but long term, minimizing risk

$4k - Bitcoin
$800 - Monero
$200 - Any other altcoin with potential to pump due hype

2) Reckless approach: Trying to ride the hype wave on some altcoin which is being sold as something big, being this true or not

$1k - Bitcoin
$1k - IOTA
$1k - Hashgraph
$1k - EOS
$1k - Monero (switch to anything more risky if you want)

That's my take. Always have at least $1k on Bitcoin in case you fuck up big time.
1371  Economy / Scam Accusations / Re: Cryptopia disappeared just before the coin split on: March 12, 2018, 04:54:33 PM
I saw this one one twitter:

You sound very misinformed. The MoneroV fork is not like the Bitcoin Cash or Bitcoin2x forks which tried to replace the current Bitcoin implementation in order to solve a problem with the current version. MoneroV is just a money grab scamcoin trying to capitalize on the "free money" hype coming from all the Bitcoin forks. They are not solving any issues in Monero and do not intend to replace Monero (because there is literally zero chance for a scamcoin with incompetent devs to replace Monero). They hype up their shitcoin by using loads of buzzwords and promising MimbleWimble (mind you they are launching the coin but have not even started work on this). So far literally all they have done is copy Monero, fix the supply (even tho the emission curve has a purpose), and add on a premined dev tax so that they get a nice pay day for doing nothing at all.

Edit: also see this

Edit2: just to be clear, the community isn't devided. Pretty much anyone that takes a minute to research MoneroV sees that it's a scam

Then again, that guy isn't calling BCash and segwit2x scams, which they in fact were (and still are, in the case of BCash, since segwit2x is dead). They didn't try to solve anything.

I would be very wary of anything that has to do with forking an existing coin. Typically, forkers are losers that cannot create their own projects from scratch and try to profit from existing network effects. Very sad.
1372  Economy / Speculation / Re: The General problem for being a bear or tradeing. on: March 12, 2018, 04:33:41 PM
You have to add in additional risks and annoyances:

1) Taxes: You are going to need to report your movements and you will taxed on them. At some point you wonder if it's worth it. Most people have lost money trading compared to as if they just held on it.

2) Exchange risk: In order to profit from trading, you must keep an amount on exchanges otherwise you will lose your opportunity. As we all known, having coins on exchanges is just retarded.

And since Bitcoin is a revolutionary technology whose people have a hard time pricing, there's just no way to call tops and bottoms, price discovery is wild on this thing, we are still on the early days, marketcap is tiny, it only takes a small flame to ignite an huge FOMO and if it happens while you are sleeping waiting on fiat for a dip, you will miss the boat and FOMO back in at a loss. Just HODL imo.
1373  Economy / Speculation / Re: The breakout is fake, BTC price will dip again. on: March 12, 2018, 04:16:56 PM
I tend to go with you on this one as I believe that there is nothing to ride bitcoin price back.
As regulators enter the market, making it much harder to trade bitcoins, or even just to take out profits, people will run away and may buy BTC only through etf.
The only cryptocurrencies to benefit from this would be the private crypto currencies, especially monero, as the regulators enter the market people will search for untraceable coins.

It is irrelevant. If your thesis is correct, then Monero will dump too. It matters not if Monero is a private currency, if you are saying that people is going to stop buying because of regulations, then what matters is KYC, and Monero, and any other crypto listed in a exchange which is subjected to KYC laws, would suffer the drop in volume.

But I think that is irrelevant. The demand for Bitcoin is a permanent one, the FUD is the temporal factor, long term we are going up. I believe specially once more people catch up to Lightning Network being a success, we'll see a golden era of payments and a new rise to ATH will begin, but the store of value demand is always there nontheless.
1374  Economy / Speculation / Re: Will the geomagnetic storm influence the BTC price again March 18 ??? on: March 12, 2018, 01:28:14 AM
Well, it's a creative approach to say the least. Personally I don't think this has anything to do with the price, but who is to say it doesn't have an impact on people's brains and therefore their decision making... but this is probably pseudoscience stuff at that point.

I would worry more about the MtGox trustee, Mr Kobayashi, not dumping more goxed coins into Kraken, because that has been proven to have a big correlation with the drops, rather than a geomagnetic storm to be honest. I will be watching the price during the 18th just in case, but if there is a drop we will not be able to tell if it had anything to do with it or it was a coincidence anyway, but im a statistics nerd so I will look into that.
1375  Bitcoin / Development & Technical Discussion / Can hardware wallets suffer from ransomware? on: March 11, 2018, 01:59:10 PM
I usually don't really recommend hardware wallets, and prefer a general purpose linux laptop for offline storage, because carrying something that screams "there are bitcoin inside this device" is in my opinion a stupid idea.

But I thought about it... can hardware wallets get encrypted by ransomware? even if your linux airgapped laptop is offline, if you are incredibly lucky you could insert an USB or DVD which injects ransomware on your computer. Could then a hardware wallet isolate you from that in all cases, or there are some at least theoretical ways to get inside the device with some malware?
1376  Bitcoin / Development & Technical Discussion / Re: What's the situation with Bitcoins privacy/anonymity? on: March 11, 2018, 01:05:19 PM
Satoshi did not develop Bitcoin with 100% anonymity for a reason :

1. 100% Anonymity will give 100% protection to scammers/thieves/hackers and criminals.

2. 100% Anonymity will get 100% push back from governments. They would have banned it long ago, if Bitcoin had 100% anonymity.

Satoshi gave it Pseudo-anonymity to place it in the same category as fiat Cash. It is after all a alternative Cash system.  Cool

No, cash is several times more anonymous than bitcoin, or any other cryptocurrency whatsoever. With cryptocurrencies, there's digital traces, no matter what you want to do about it, there will be traces left, this decreases anonymity, because systems can't be perfect, this anonymity can eventually be exploited.

With cash, due it's simplicity, you get simply a piece of paper. These pieces of paper run in the wild with no traces. It does not get more anonymous than that, which is why governments are going to ban cash, and then it's when I predict anonymity features will be pushed into Bitcoin, or else Monero will get an huge pump, since everyone using cash will most likely use Monero.
1377  Bitcoin / Development & Technical Discussion / Re: Public permissioned blockchain on: March 10, 2018, 04:15:04 PM
Public permissioned means that the track records can be seen in a blockchain explorer, but in order to transact you need permission from a third party. Im not sure if Ripple would fall intos this category. In theory you can send a transaction to anyone you want, but I don't consider it decentralized at all so in theory it is permissioned.

Private permissioned means just the opposite, or the records being obfuscated or not available at all, and you would also need permission from someone else. I don't know what the use for this would be, probably bureaucratic government stuff which wouldn't be on their interest to make it public, and it would also need permission from someone with higher authority to transact and modify the blockchain at all.

The only true innovation in blockchain is Bitcoin, the rest are just spreadsheets which may or not improve current spreadsheet setups.
1378  Bitcoin / Development & Technical Discussion / Re: The new TREZOR Bridge on: March 10, 2018, 03:23:08 PM
I trust hardware wallets less and less. They keep overcomplicating things. Now they added some screen in there and complexity always brings up more exploits, which is why ideally you want things to not even have a GUI.

I predict that sooner or later we are going to see some fatal flaw in one of these devices. I will stick to good old rustic linux laptop.

Hardware wallets are still the safest solution. However, I agree that simplicity is the key and any additional layer of complexity may also introduce potential issues.

It depends on the scenario. If you want to say, cross a border, and you need to pick a plane, go to the airport, cross the security scans and so on, what's going to be safer, some generic looking USB, or some device which in 10 years will be known by anyone in the world to be holding potentially millions worth of bitcoin? im pretty sure what the correct answer is.

Same goes for if thieves break into your house.

You not only want to keep your stuff safe from scammers, but you want to have it invisible too. Hardware wallets stand out too much with their (increasingly) fancy designs.
1379  Bitcoin / Development & Technical Discussion / Re: The new TREZOR Bridge on: March 09, 2018, 07:36:29 PM
I trust hardware wallets less and less. They keep overcomplicating things. Now they added some screen in there and complexity always brings up more exploits, which is why ideally you want things to not even have a GUI.

I predict that sooner or later we are going to see some fatal flaw in one of these devices. I will stick to good old rustic linux laptop.

There is no perfect solution. Someone will eventually discover a bug in the code of your operating system which could be harmful. How does touchscreen in the latest TREZOR device is easier to exploit? I'm not a specialist so that's why I wanted to ask you this question. If you find new hardware wallets too complex, you can still buy older models because they are still manufactured or available in someone's warehouse.

Well for starters, these devices are becoming increasingly more and more discernible from other devices, they stand out a lot. The original Trezor kind of looked like some remote keyless system for certain cars.. this new one is just saying "there are Bitcoins inside this device". What's the point? It's much safer to carry your keys in some generic looking device. Anything from an USB, DVD, Linux laptop.. in my opinion is safer than carrying one of these devices which will be increasingly known for carrying potential millions worth. Not a good idea. Never was, never will be. Use generic stuff, ideally cheaper stuff. Don't be showing off with your expensive Bitcoin toys. This is just my opinion.

And generally, the more complex a device, the more exploits, and they are getting more complex over time. If these devices only accepted Bitcoin, maybe I could take them seriously, but since they started adding all these shitcoins, im just done with the idea of buying one. Im not saying they are unsafe, I just all things considered, think it's a worse option than a general purpose Linux laptop, and USB to move coins physically if you don't want to carry a laptop.
1380  Bitcoin / Development & Technical Discussion / Re: Would it be possible to implement a cryptocurrency with distribution of wealth? on: March 09, 2018, 07:15:09 PM
I have an incomplete idea about creating a crypto-currency that distributes wealth, something that communists and socialists will like:
A crypto-currency that has a transaction limit per month, if you are receiving more coins than this limit then you will receive less and less coins in each transaction received, the coins that are taken are distributed equally to the other wallets, so they receive free coins when a transaction is received.

A currency like this could be used to create a community where you sell your service or product to other people on the community and use the coins to buy stuff from people inside the community, you cannot be rich with it, but you will receive free coins.

The transaction limit can be higher or lower depending on the ideology of the creator, the idea is to enable people to chose what kind of economic system they want to work for, instead of being forced to work for a capitalist economy like we do.

I need help to finish the idea by addressing some of the problems with it, for example, right now I don't know how to solve the problem of a user making multiple wallets to bypass the limitation. Surely this can be solved re thinking the idea a little bit, maybe in a more technical way, I have not very much technical knowledge and I want the idea to be discussed so others more capable can make it.

If you don't like the idea and want to attack people with this kind of ideas, please don't comment, I don't want a left-right politics discussion here.

You would need to ask yourself, why would people bother working hard if they are not going to get rich from it?

If you get paid in something that isn't going to increase your purchasing power, im not sure about that, since there wouldn't be an incentive to put the hard work.

Also, how do you control the price to guarantee "people don't get rich from it?" you may be able to code the flow of the coins, but not the price itself, speculation can happen specially in unregulated markets like crypto which is the wild wild west.

I think something like what you are talking about was tried in the past with Freicoin.

These coins don't have much of a future IMO. If you are going to work for something that loses purchasing power overtime, you might as well get paid in fiat, at least it's backed big governments which control real estate, taxes, and so on. I understand that you want to stick to the technical discussion tho, so good luck.
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