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October 18, 2019, 02:38:38 AM *
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521  Other / Meta / Paying once to bypass captchas on: September 25, 2018, 07:22:41 PM
How about if we pay a reasonable amount of bitcoin we can raise our account status above having to bypass the insanely annoying google captcha?

Today I had to redo the captcha bunch of times because it kept failing. Specially as a Tor user, I don't know how much time i've lost solving the captchas. If I had the total number of minutes spent on that task it would probably be depressing to know so I don't like to think about it.

I mentioned that if it was possible to do it without javascript (as you can with the cloudfare one) then it would be less annoying since you don't have to wait for the images to show up in slow motion, but if it cannot be done for the login page for whatever reason, im willing to pay if I can get rid of the captcha forever. Just an idea. But still, I would like to know why the cloudfare page is allowed to get the captcha without javascript while the login page doesn't, if they are same google captcha service.
522  Economy / Speculation / Re: Save the date! May 2020 - Bitcoin price will explode ? on: September 25, 2018, 03:43:06 PM
secondly price doesn't have to rise because of halving. bitcoin have always risen based on more adoption aka demand for bitcoin not because of its supply. the limited supply contributes to more rise but the real reason is that demand otherwise the supply is growing with or without halving.

yep, supply is only one side of the equation. all else equal, when supply drops, price should rise. but if demand for bitcoin is actually dropping by the time the halving comes around, that'll be reflected in the price as well.

given the long term uptrend, i'm assuming the halving will take place in the context of a bull market. but i try to keep an open mind about these things. one truism about markets i've learned over the years is that when everyone expects the same thing, it doesn't happen.



If the ETF has passed then I expect enough inertia for the price to keep pumping during the halving. I think people are still too noob to realize the ETF is not needed for bitcoin to take over the world, we are still not there yet. We'll be there in two years? who is to say, but me personally, I doubt it. So the ETF would fuel the rocket faster.

Now what i've mentioned before will play a major key. If market participants, in anticipation of halving, start outpositioning each other by buying earlier, this could start he bull run far before the actual event. This means that if it goes out of hand, the peak may be reached by the time the halving happens and the halving becomes a sell the news event.

Of course the fundamentals around it could change that, for instance, the ETF passing may be too strong a bullish force to stop there and we will keep going higher and higher into new ATH's.
523  Economy / Speculation / Re: Tomorrow is now. on: September 25, 2018, 03:27:17 PM
Not only it continues to improve as a store of value, but you can already buy small things instantly and with no fees with the lightning network. See this video:

https://www.youtube.com/watch?v=ZlyPNABZtHk

I have hopes that bitcoin can finally be integrated within actual economy and not just high finances. If we can have both then we take over the world. With only as a gold substitute is not enough, we need to be both the money for the average use and a store of value at the same time. LN can deliver this use case. Unless someone has a better solution, please state said better solution before claiming LN is centralized scam or whatnot. At the end of the day the guy got the sandwich, seems pretty real to me. If you can do it better then let us know.
524  Economy / Speculation / Re: Topped out at another 0.618 Fib Retracement. on: September 25, 2018, 02:14:32 PM
Im watching $6333 right now as the next resistance (by Bitstamp prices) and then $6000. If the $6000 line gets broken, but quickly bought up again above it, im going to start giving the "bitcoin will not go below the mining cost of one bitcoin" theory a lot of credit. I mean look at the charts and realize how many times we've been through this already, and it refuses to break down into $4900 which should be the next support line. It just gets bought up again. The more times this happen the stronger this theory gets as people aren't going to risk missing each bottom which could be the last. So if we don't go $4900 soon im calling a bottom and we are going to ATH.
525  Economy / Speculation / Re: Save the date! May 2020 - Bitcoin price will explode ? on: September 24, 2018, 06:40:34 PM
The block reward was halved twice already, and in both cases, it took about 4 months for the Bitcoin price to shoot up. If history repeats itself, that would put the price explosion around September 2020, more or less 2 years from now.

It can also happen the opposite: the anticipation of the halving and people expecting the price to go up due the decrease of inflation may make some buy months before it actually happens, starting the bullrun way earlier than the actual halving date, since they just try to outbuy each other trying to get before the rise begins, so this causes FOMO.

I believe a lot of people are waiting for the right time to enter in Bitcoin and the mental deadline is the halving of 2020, so they have to get in before that date, the more they wait the higher the risk of missing the bottom (assuming we haven't bottomed already)
526  Economy / Speculation / Re: woah didn't even see Goldman Sachs news recently was wrong on: September 24, 2018, 04:21:14 PM
There will be no trading desk of these big wall street guys until they are loaded with coins. We are still in the accumulation phase. Im ready for the price to go lower, would actually love another year of a stable low price to accumulate BTC at a faster rate, because next time there will be no second chances, we will never go below 5 figures ever again and then most of us can forget about even making 1 BTC a year, since for a lot of us $20,000 can be a year worth of wage, and considering going 100% on things is too risky, it will be even harder.

Last chance to get in the train for 4 figures is now until 2019 or 2020. I believe there will be no ETF until 2020, which may get all these guys on board. If an ETF gets passed im sure Goldman's will have the insider info to plan accordingly. These guys never lose, they are smart and they know they cannot kill BTC, only become bigger holders than the rest.
527  Bitcoin / Bitcoin Technical Support / Re: Transaction from Summer 2010 on: September 24, 2018, 03:30:08 PM
Interesting to see how Hal Finney joined much later, even if he was the first person to ever receive a bitcoin transaction. I guess he stuck to the mailing list.

Also would be interesting to know who the number 2 deleted profile was and the first deleted ones too.

About finding orphaned blocks older than what is seen on blockchain info, you can use -printblocktree or just use this file that theymos posted of his own node:

https://www.mirrored.to/files/1EB4UZDD/printblocktree.txt.bz2_links


528  Bitcoin / Bitcoin Technical Support / Re: Best way to create watch only wallet? on: September 24, 2018, 02:56:00 PM
The video you post was about how to create a raw transaction, and that's other topic, after reading your posts i'm not sure what are you trying to do, but it looks like an onchain engine. You need to give more clear ideas about what are you trying.

By the way, if you wan a watch only wallet, you don't need bitcoin core for it, you can use commands like
Code:
curl, wget or lynx
to read the information form the addy direct on the web, that way you can avoid running the full node.

I like to run a full online node better and transact through it rather than trusting some website.

The video was to ilustrate how annoying ti is to do a raw transaction manually. What I want to do is have an online node with all of my balances in watch only, so importing the public key + the label to know from where these bitcoins came from.

For instance you get paid in bc1dfgdsghiihidhgiusdhguisui under label "Chipmixer signature campaign".

Now, that is in an offline wallet, so you can't know if the coins arrived.

The idea is to put bc1dfgdsghiihidhgiusdhguisui in an online wallet (by online wallet I mean synced full Core node) with label "Chipmixer signature campaign". Of course the problem is if you have 100's of different addresses with different labels, you would need to import all manually. I need to dump all this information at once. And be sure to not import anything sensitive in the online wallet, like private addresses or even xpub which I don't trust to be online.
529  Bitcoin / Bitcoin Technical Support / Re: Best way to create watch only wallet? on: September 24, 2018, 02:35:15 PM
My wallet is from an old version of Core so it shouldn't be HD. Im not sure if the latest versions of Core did something to the wallet and converted it into an HD wallet or not.

Anyway, I need to monitor the public keys. I don't understand why I need to import anything but the public key. It would be the same as using a block explorer but better because it's all inside the Core wallet so you get the sum of all of your balances and you can use it for raw transactions with your offline wallet.

Someone suggested a bat file but the problem is I would like to have the labels too.. so I would need to manually label everything which is hell.

Isn't there really a way to get a dump of all of your balances with the public keys + the labels only so it's ideal to import in an online wallet so you don't risk importing anything that could compromise your wallet (like a master key, which could be used for derivation of private keys so you don't want any of that in an online computer)? I hope this makes sense.
530  Bitcoin / Bitcoin Technical Support / Re: What is the advantage of HD Wallets? on: September 22, 2018, 03:04:32 PM
Some people consider HD wallets insecure, because knowing some of the keys could lead to key derivation. I've heard master public key + some public keys would be enough to get the seed or something.

Im too paranoid to use Electrum as cold storage because of that. I don't need to know the details (I would like to tho), it just doesn't seem very bright to store the coins in such a system. Separate private keys is better. Just keep making backups and keep them safe.
531  Bitcoin / Bitcoin Technical Support / Re: Best way to create watch only wallet? on: September 22, 2018, 02:53:47 PM
Im trying to create a watch only address for a wallet.dat file with Bitcoin Core. Last time I attempted this I think the command lines were different. Right now I can't seem to do it.

Do you have a step by step tutorial to do this? I would like to have all the addresses nicely ordered in the watch only wallet.
Are you making a new wallet.dat which you'll only use for watch only addresses?
What I do, is just import the addresses into my existing wallet, and write "watch only" in the label. You can sort the address labels, so depending on how you name them, it's easy to find them all back withing a wallet with normal balances too.

I haven't tried it in the latest wallet yet, but this should work: importaddress.
Use "false" to prevent Bitcoin Core from rescanning after each address, it will save you many hours.

Just imagine a wallet.dat filled with 100's of transactions. I want to have a 1:1 replica which is watch only in an online node and leave the one with the actual coins in cold storage. Whenever I need to recieve of transact I would load the offline node, create the receiving addresses needed or do a raw tx and pass it into the online node.

Can I import it all in bulk? if I have to do it one address at a time it will be a pain in the ass. Like I said before, we are talking 100's.
532  Economy / Speculation / Re: WHAT IN THE WORLD JUST HAPPENED!??? on: September 22, 2018, 01:55:05 PM
Bears went on a fishing expedition which failed. They dumped into thin books, trying to pressure the market down by making new lows. Buyers snapped price back like a rubber band, driving price right back where it came from. That squeezed the bottom shorters, who are scrambling to close their losing shorts now. This kind of action is called a "short squeeze."
In reality what happened is, some idiots tried to influence the price, fucking failed. Some whale or a bull didn't want the dip to be a success so he risked his money. Or people just collectively came together and bought bitcoin(yeah right!). Grin
I really do not see that as a big deal either and before we can even start changing our sentiments towards being bullish, I guess we will just have to be fearful of the market movement within this period. We are still not able to break the most importance resistances so far, to be able to even change the sentiment towards bullish yet, and all we have now is the bears being rejected.

At this stage, it could even be a dead cat bounce as the bears may still want to strike again. Let's see what time gives us at the end of it all. Honestly this recovery was some scary move though, but it is nothing new. Such scenarios have happened in the past and it is just a way of the bulls telling the bears, no way down for now.

Now, that is still not certain how things would be like after now, since I thought such move, could drive it back up to maybe above $7k and close above it to really bring a huge bullish sentiment, but time will give us that answer. It was a good recovery, and an unexpected one I must say, sorry to those who got their shorts squeezed.

The bears should maybe give up. They are wasting money at this point, the bulls will not let bitcoin go under $6k which is allegedly the average global cost of mining. The damn bears are trying hard to cause panic selling into $3k area but it may not happen.

These sitting on the sidelines right now waiting with fiat for a perfect entry point may kick themselves when they realize they were sitting already on the right spot but they weren't buying, they were victim of the "always waiting for the next lower price" mentality.
533  Economy / Speculation / Re: Etf decision on: September 22, 2018, 01:16:03 PM
This essentially means that there is no hype surrounding ETFs anymore after all these rejections. Since markets didn't get hyped up in the first place, there was no emotional impact when the postponement hit, meaning that prices did not move downwards. Not sure if this rebound was at all related to this SEC decision, or just a natural adjustment up from the $6k support.

It's actually good that the market is not hype when it comes to waiting for the decision of the ETF. In the past when the ETF is rejected, it has greatly affected the prices but now, instead of people being affected by the delay again, the price has done the opposite in which the price went up which is good news but still, we should always have a price target so that we can avoid losing huge amount just because we are too confident of the current market.

I think that may be partly because people are now starting to realize that SEC will continue postponing their ETF decision as long as they can which is a couple of months into 2019 based on what I read before and that basically means those who were hoping for a drop due to the rejection don't have that hope anymore and aren't going to wait for it to happen. so we may see them slowly come back to the market and buy back. hence the rise.

I believe 2019 is a bit too premature still. I give it 2020 for the ETF, which will make the Tim Draper 2020 prediction of $250,000 accurate. After we hit that, who knows? Maybe even McAfee's prediction becomes a reality. He has until December 31th by 2020. Remember that when BTC was at $20k, the prediction was 296 days ahead of the McAfee prediction curve, let alone the Tim Draper one.

https://bircoin.top/

You can check it out here and configure it with Draper's prediction too. It's definitely doable with the ETF. Without the ETF it will take a couple years longer.
534  Economy / Speculation / Re: Billionaire Tim Draper Stands By Bullish $250,000 Bitcoin Price Target For 2022 on: September 22, 2018, 12:37:46 PM
It's definitely doable. Remember that when people were calling $3k when we were at $1k, they were saying that was too optimistic. Next thing you know, we ended up at $20k by the end of the year against all odds.

People just don't realize that bitcoin is extremely tiny. It's just crazy how one single guy owns more than the entire marketcap (Jeff Bezos), this puts things into perspective. For a global world reserve currency anything but several trillions, at least similar to gold, it's just insanely undervalued, but people aren't wired to deal with big price increments, they will always think in linear terms and they will calling people that buy the dip lucky when it goes to the moon time after time.
535  Bitcoin / Bitcoin Technical Support / Best way to create watch only wallet? on: September 22, 2018, 12:32:58 PM
Im trying to create a watch only address for a wallet.dat file with Bitcoin Core. Last time I attempted this I think the command lines were different. Right now I can't seem to do it.

Do you have a step by step tutorial to do this? I would like to have all the addresses nicely ordered in the watch only wallet. I would also like a step by step tutorial in how to do the raw transaction thing because I haven't done this in years and im not sure if things have changed.

Can I do it through the GUI selecting any inputs I want, then export what I did in a raw text and paste it within the online node? because doing it manually is a pain in the ass:

https://www.youtube.com/watch?v=jWKuqP-zTFk
536  Bitcoin / Legal / Re: Bitcoin tax value on: September 21, 2018, 04:03:58 PM
It is already taxed. Since trading is taxed, no matter if you trade Bitcoin, fiat, or potatoes you are supposed to pay your taxes related to the profits. I am referring to regular traders as a job, not random users trading $10 weekly.  
It makes me wonder, are people really that ignorant to believe that you don't have to pay tax over crypto trading activities, or are they blindly assuming that because crypto is "anonymous" they can keep avoiding taxation.

Either way, everything over a certain amount is subject to taxation. The only difference is that the rates depend on what you are trading or holding, and in this specific case countries may have a different opinion on what Bitcoin is.

I am currently paying 5.5% but I was supposed to pay 20.6%
Not sure where you're from, but in some countries the difference between short term and long term gain taxation is quite significant. In my case ~22% is the highest tax rate for longer term gains. It seems to be an average figure.

Japan seems to be going crazy with 55%. That's straight theft.


As long as you stay within crypto, there's no way in hell they can tax it. However all these idiot kids that suddenly become rich, sell and buy a lambo, are wondering if they need to pay tax or not. Of course you will pay tax.

Even if you bought the car without going through fiat (for instance, there are ways now to buy luxury cars with bitcoin) the government would eventually find out you own a supercar and will ask where they money came from, you must be able to prove you didn't get paid for illegal activities, then you will get that money taxed.

The only thing you can do is to "vote with your money" so to speak. That means, go to the country that better serves your interest, ideally with a jurisdiction that will not be trying as hard as possible to label you a terrorist because you dealt with crypto and will basically confiscate your hard earned money.

537  Bitcoin / Bitcoin Discussion / Re: Was Satoshi Nakamoto visionless? on: September 21, 2018, 02:46:52 PM
Hal (satoshi) already saw the need for "bitcoin banks" because he was aware on the fact that it would never scale on-chain to massive worldwide levels:

Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases.

Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others.

George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating.

I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today.

The good news is, LN turns out to be way better than what he predicted there.

When it comes to "banking the unbanked" and allowing poor people all around the globe to transfer value around, LN is the best there is to date. The people pitching you altcoins which will compete against centralized payment systems like VISA and so on, all on-chain, while remaining decentralized, are selling you a scam.
538  Other / Beginners & Help / Re: The good and bad of bitcoin on: September 21, 2018, 02:13:33 PM
My issue with bitcoin is the scalability. Some days it takes ages to confirm transaction on bitcoin blockchain which is not too good as  at times breeds trouble between two parties who had a delayed confirmation. It is unacceptable that bitcoin blockchain confirms only 7 transactions per sec. The developers
 should do something about this issues or bitcoin very soon lose relevance among crypto circle.

There is the lightning network coming, which will allow for instant, almost free payments. It actually does now already, but i wouldn't call it ready for prime time, it's still risky, but it's improving nonstop.

I would start using it for small payments to start understanding how it works and learning the wallets, they are simple and it's a good way to test things out, but don't risk big money on it.

As far as on-chain scaling, it's just not going to happen, so if you dont like that, you will have to pay the fee or use an altcoin.
539  Bitcoin / Bitcoin Discussion / Re: INTERNATIONAL ANTI-MONEY LAUNDERING STANDARDS FOR CRYPTO on: September 21, 2018, 01:55:25 PM
I don't think countries all over the world will end up in an agreement. They cannot even get together to decide what to do with global warming or if global warming is even real or just a hoax to push a certain agenda.

It's basically impossible to have a "global money laundering standard". There will always be countries that will have their own view on their jurisdiction and unless the bigger countries want to bully them into accepting them (which is not good for a countrie's rep) there will be places were bitcoin owners aren't treated as criminals by default.
540  Other / Meta / Re: Captcha without javascript on: September 21, 2018, 02:23:48 AM
Where are you seeing that, on the cloudflare page?

I remember the JS-less version from recaptcha v1 (retired), but I didn't think that v2 supported that. Maybe it's new.

I see that when I open a brand new tor session and a tab with bitcointalk.org while javascript is disabled, not sure what exactly triggers that window. I think it must have been cloudfare. I think sometimes I don't see it. But I definitely saw it the other day when I made this thread and I was able to complete the captcha with no javascript.

It would be great to have this captcha in the login page too. Not only you can do it with no javascript, but it's way faster since you don't need to wait for these damn slow motion fade-in images... im now dreaming with cars and traffic signs.
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