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421  Economy / Exchanges / Re: Poloniex down. on: August 02, 2017, 10:11:41 PM
In fact, it's already back up and anyone that panic sold on a separate exchange will get royally fucked.

  Actually, it is NOT back up and there are rumors that the domain has been seized by the US government. If this is true, I have a very bad feeling Bitcoin is headed back to under $1,000.
  There is no way after all of the recent drama/FUD that there can be global demand for Bitcoin... at least for a while. I predict a long-term bear market up to 3 years due to all of this.
422  Economy / Lending / Re: ☆☆☆☆☆☆☆☆☆☆☆ SKYLINE247's EASY MICROLENDING SERVICE ☆☆☆☆☆☆☆☆☆☆☆ on: August 02, 2017, 09:52:28 PM
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Reason: 1st of the month bills
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Repayment Date: August 8th
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Collateral: My BTCtalk account

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txs: https://blockchain.info/address/1P654ARQEMnadLsgJ3hxxLWtZQYBPZgRUN

You have until August 8th, 23:59 UTC to repay 0.175 BTC to the following address: 1FZVJsSkCGbnr2n7kkCsaGVhuTpidZZ4YR
423  Bitcoin / Development & Technical Discussion / Re: Will quantum computing kill crypto? on: August 02, 2017, 05:28:02 PM
The next project to be aware of must be teleportation,
When quantum computers are active a new problem with hit the lights.

You would be able to observe things that you could not even begin to imagine observing or altering  by mechanical manipulation.

It's to early to say Bitcoin would be safe.


  I think as these technologies develop, so too will crypto. People will figure out ways to prevent hacks due to quantum computing/teleportation, etc. The real thing that threatens cryptocurrency adoption are governments.
  See, if governments decide they do not want crypto to exist, they will simply block the major exchanges and Bitcoin-related sites and before you know it all your hopes of Bitcoin becoming mainstream will vanish.
424  Bitcoin / Bitcoin Discussion / Re: Is it still safe to hold bitcoin and should claim the BCC/H?Confused on: August 02, 2017, 04:49:47 PM
Hi guys i just confused if should i claim BCC/H or stay holding with bitcoin..
I am holding my bitcoin in electrum and i am afraid to get some issue when sending bitcoin to the other wallet..
And  i am thinking if this BCC/BCH is just created as altcoin not official connected to bitcoin or is just a new Theory.. ?

Hope someone can explain if bitcoin will be still safe to hold or should i claim BCC/H from electron cash?

  If you are not sure how to claim your BCH, it is better to be safe rather than sorry and stick to HODLing your Bitcoin. Do not risk your money as it is very possible that you cold lose it all as you don't know what you are doing!
425  Economy / Lending / Re: ☆☆☆☆☆☆☆☆☆☆☆ SKYLINE247's EASY MICROLENDING SERVICE ☆☆☆☆☆☆☆☆☆☆☆ on: August 02, 2017, 04:16:13 PM
You just want to "buy" one through your "lending" service,when a "borrower" defaults.
Just be honest man and admit it,it's too obvious. Wink

You are entitled to your opinion, but I prefer accounts as I know their value only goes up and altcoin prices are highly volatile.

By the "much more understanding...", what exactly do you mean?

I am much more understanding... accepting collateral which other lenders do not. At the same time, I am good at sniffing out the scams.
426  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Bitfinex BCC/BCH on: August 02, 2017, 07:19:00 AM
I have some BTC on Bitfinex, and I know they're going to provide a 1:1 BCC (or BCH as their symbol) for every BTC but I can't figure out when.  Does anyone know when BCC will be delivered to Bitfinex users?
They are actually only giving ~0.85 BCH for every BTC you have on deposit. They credited accounts earlier this evening.

In other words, they are making a huge profit off the whole Bitcoin Cash thing.

I think this fiasco will lead to a "Bitcoin Crash" bear market in the long term (1-3 years).
427  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Cash doing alright? on: August 02, 2017, 06:37:13 AM
Amazingly BCC did very well, No3 now just after bitcoin and ethereum. I guess it will take a few weeks to see how stable it is. It's a good altcoin though Wink

There is nothing we can tell after such a short time period. I give it a month or two before we get a good picture of it's stability.  Tongue
428  Economy / Economics / Re: The Feds Are Terrified Of Cryptocurrencies... But They're Powerless To Stop Them on: August 02, 2017, 04:29:34 AM
"Powerless"

Grin Grin Grin
 
  Feds are NOT powerless to stop Cryptocurrencies. All it would take is seizing a few Bitcoin-related domains and the entire industry will collapse in on itself within a month.
  No one in their right mind would hold on to Bitcoin if this were to happen. And the rest of the alt/crap coins would follow suit shortly thereafter. Look at what happened to BTC-e in the span of 1 week!!!
429  Alternate cryptocurrencies / Altcoin Discussion / Re: Who is Shuya Yang? on: August 01, 2017, 11:19:29 PM
Who is Shuya Yang?  Huh

I don't know, but the name rings a bell...
430  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin cash? More like bitcoin crash! on: August 01, 2017, 11:17:45 PM
Even I think bitcoin cash is not worth to holding, it's better to sell it now before its price falls hard.
I'm not sure the price of bitcoin cash will increase.
I'm of the same opinion. Bitcoin cash might stay in the market for some time but it doesn't have any speciality for it to survive for long eventually it has to be dumped. Bitcoin cash doesn't have a good team of dev and nor does it have a good number of supporters. So I agree bitcoin cash is soon going to prove as bitcoin crash.

OR "Bitcoin Trash" Grin

Seriously though, what is with the people claiming that Bitcoin Cash = Free money?

I thought if you sell BCC then you will also lose the same amount of Bitcoin. This whole thing is confusing to me. :s
431  Economy / Lending / ☆☆☆☆☆☆☆☆☆☆☆ SKYLINE247's EASY MICROLENDING SERVICE ☆☆☆☆☆☆☆☆☆☆☆ on: August 01, 2017, 10:38:03 PM
I am much more understanding than the other lenders.

Maximum loan: 0.1 BTC

Preferred collateral: Bitcointalk account

Complete this form to apply:

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432  Economy / Lending / ☆ ☆ ☆ SKYLINE247's MICROLENDING SERVICE ☆ ☆ ☆ on: August 01, 2017, 10:37:05 PM
I am much more understanding than the other micro-lenders on Bitcointalk.

Complete the following form to apply:

Bitcointalk Username:
Amount of BTC needed:
Reason:
Repayment Amount:
Repayment Date:
Bitcoin Address:
Collateral:
433  Bitcoin / Bitcoin Discussion / Re: Today is the last day panic. on: July 31, 2017, 03:53:39 PM
I don't even understand why people are panicking right now because BitcoinCash has zero chance against BTC. The price will definitely start increasing after tomorrow but It's just a matter of time until people panic again with the block size increase on November, just another chance to get cheaper coins.

  Why would the price start increasing? As far as I know, everyone will simply dump their Bitcoin Cash and that will be it. I am assuming the price might go up a bit due to this drama finally being over though, so you might be right.
  And people are not going to panic about the next block size increase. Why would we? It is good to increase the block size to allow more transactions per second on the network. If we continue at the current rate, Bitcoin is dead.
434  Economy / Goods / Re: CHEAP | >>> PAYPAL DESTROYER <<< WIN ALL PAYPAL CHARGEBACKS | SIMPLE on: July 31, 2017, 03:49:20 PM
  Seems like a weird product, but at the same time if it is legit could save me hundreds of dollars. I have lost hundreds from people filing chargebacks on PayPal after I sent them products.
  It is sad, but PayPal is full of buyers who can't wait until they can file that claim knowing PayPal doesn't care about sellers and they will get their "refund" 99% of the time.
435  Economy / Economics / Re: A beginner's guide for investing in Bitcoin & Altcoins on: July 31, 2017, 03:46:08 PM
Hi Ladies and Gents,
I have build a new site on investing in cryptocurrencies:
 
https://kryptogeld24.de/
 
I write about exchanges, wallets, mining etc as well.

Take a look and see if it's useful for you.
Critic is more than welcome!
 
Ciao,
Flo

  While I do trust you, I have unfortunately learned the hard way that clicking on random Bitcoin-related websites is usually a bad idea. I have lost thousands from scammers with Bitcoin, and not prepared to lose more. Sorry.
  With that said, I wish you all the best with your site and trading. In my opinion, trading is the best & fastest way to make BTC.
436  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin Cash - hold or dump? on: July 31, 2017, 03:43:23 PM
  Pretty sure everyone is dumping Bitcoin Cash the second they get it. I have yet to see anyone who is excited about it or looking to keep it. This whol thing is ridiculous... can't wait til it''s over. Tongue
437  Bitcoin / Bitcoin Discussion / Re: Tomorrow it comes..... on: July 31, 2017, 03:10:46 PM
I'm still wondering how much is each BCC going to be if its price will be considerable, I think I'd move my btc to bittrex but if not, I'd live it to my wallet.  So how much do you think BCC will be, any idea?

Don't you think there will be a huge hack of exchange tomorrow, it would be a disaster because hackers are going to target them specially if most btc are going to be sent to them.

  Tomorrow is going to be one heck of a busy day for Bitcoin, that is for sure. I do not see Bitcoin Cash being worth more than Bitcoin. Based on this it is not in my plans to bother with it. I am just chilling like usual, with a bag of popcorn in hand watching this all go down. Grin
 
438  Economy / Services / Re: [Hiring] Altcoin dev on: July 30, 2017, 06:29:49 PM
We need an altcoin dev to replicate the altcoin ARK with some added features. PM me your qualifications and slack if interested. Pay in BTC.

  I think you should include some more details if you are really serious about this. Creating coins/tokens is not easy and a one-line post here is not going to help you. Smiley
  I recommend adding more info and posting to a few different relevant sections here to get more exposure.
439  Bitcoin / Development & Technical Discussion / Re: ELI5 spoonnet on: July 30, 2017, 06:19:30 PM
I have been looking at this website which apparently lists cool stuff that could be added in in a future hypothetical hardfork:

https://bitcoinhardforkresearch.github.io/

I have seen a lot of people mention sponnet in slack and talking about how awesome it is, but there's barely any information out there. Most people talking about segwit and so on but few are into the more obscure stuff.

Is there any way that doesn't require you to be a rocket scientist in order to understand why spoonnet is a cool invention?

Also what are the chances that we see a hardfork (a serious non-rushed hardfork) that adds something more than a mere 1MB increase?

Source: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-February/013542.html

Finally got some time over the Chinese New Year holiday to code and write this up. This is not the same as my previous forcenet ( https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-January/013472.html ). It is much simpler. Trying to activate it on testnet will get you banned. Trying to activate it on mainnet before consensus is reached will make you lose money.

This proposal includes the following features:

1. A fixed starting time. Not dependent on miner signalling. However, it requires at least 51% of miners to actually build the new block format in order to get activated.

2. It has no mechanism to prevent a split. If 49% of miners insist on the original chain, they could keep going. Split prevention is a social problem, not a technical one.

3. It is compatible with existing Stratum mining protocol. Only pool software upgrade is needed

4. A new extended and flexible header is located at the witness field of the coinbase transaction

5. It is backward compatible with existing light wallets

6. Dedicated space for miners to put anything they want, which bitcoin users could completely ignore. Merge-mining friendly.

7. Small header space for miners to include non-consensus enforced bitcoin related data, useful for fee estimation etc.

8. A new transaction weight formula to encourage responsible use of UTXO

9. A linear growth of actual block size until certain limit

10. Sighash O(n^2) protection for legacy (non-segwit) outputs

11. Optional anti-transaction replay

12. A new optional coinbase tx format that allows additional inputs, including spending of immature previous coinbase outputs



Specification [Rationales]:


Activation:

* A "hardfork signalling block" is a block with the sign bit of header nVersion is set [Clearly invalid for old nodes; easy opt-out for light wallets]

* If the median-time-past of the past 11 blocks is smaller than the HardForkTime (exact time to be determined), a hardfork signalling block is invalid.

* Child of a hardfork signalling block MUST also be a hardfork signalling block

* Initial hardfork signalling is optional, even if the HardForkTime has past [requires at least 51% of miners to actually build the new block format]

* HardForkTime is determined by a broad consensus of the Bitcoin community. This is the only way to prevent a split.


Extended header:

* Main header refers to the original 80 bytes bitcoin block header

* A hardfork signalling block MUST have a additional extended header

* The extended header is placed at the witness field of the coinbase transaction [There are 2 major advantages: 1. coinbase witness is otherwise useless; 2. Significantly simply the implementation with its stack structure]

* There must be exactly 3 witness items (Header1; Header2 ; Header3)
**Header1 must be exactly 32 bytes of the original transaction hash Merkle root.
**Header2 is the secondary header. It must be 36-80 bytes. The first 4 bytes must be little-endian encoded number of transactions (minimum 1). The next 32 bytes must be the witness Merkle root (to be defined later). The rest, if any, has no consensus meaning. However, miners MUST NOT use this space of non-bitcoin purpose [the additional space allows non-censensus enforced data to be included, easily accessible to light wallets]
**Header3 is the miner dedicated space. It must not be larger than 252 bytes. Anything put here has no consensus meaning [space for merge mining; non-full nodes could completely ignore data in this space; 252 is the maximum size allowed for signal byte CompactSize]

* The main header commitment is H(Header1|H(H(Header2)|H(Header3)))  H() = dSHA256() [The hardfork is transparent to light wallets, except one more 32-byte hash is needed to connect a transaction to the root]

* To place the ext header, segwit becomes mandatory after hardfork


A “backdoor” softfork the relax the size limit of Header 2 and Header 3:

* A special BIP9 softfork is defined with bit-15. If this softfork is activated, full nodes will not enforce the size limit for Header 2 and Header 3. [To allow header expansion without a hardfork. Avoid miner abuse while providing flexibility. Expansion might be needed for new commitments like fraud proof commitments]


Anti-tx-replay:

* Hardfork network version bit is 0x02000000. A tx is invalid if the highest nVersion byte is not zero, and the network version bit is not set.

* Masked tx version is nVersion with the highest byte masked. If masked version is 3 or above, sighash for OP_CHECKSIG alike is calculated using BIP143, except 0x02000000 is added to the nHashType (the nHashType in signature is still a 1-byte value) [ensure a clean split of signatures; optionally fix the O(n^2) problem]

* Pre-hardfork policy change: nVersion is determined by the masked tx version for policy purpose. Setting of Pre-hardfork network version bit 0x01000000 is allowed.

* Details: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-January/013473.html


Sighash limitation:

* Sighash impact is estimated by “Loose estimation” in https://github.com/jl2012/bips/blob/065ea7429035d43ff90965f42b086fb7e1517291/bip-sighash.mediawiki

* Only txs with masked version below 3 are counted. [because they are fixed by the BIP-143 like signature]

* Each SigHashSize is defined as 1 tx weight (defined later).

* SIGHASH_SCALE_FACTOR is 90 (see the BIP above)


New tx weight definition:

* Weight of a transaction is the maximum of the 4 following metrics:

** The total serialised size * 2 * SIGHASH_SCALE_FACTOR  (size defined by the witness tx format in BIP144)

** The adjusted size = (Transaction weight by BIP141 - (number of inputs - number of non-OP_RETURN outputs) * 41) * SIGHASH_SCALE_FACTOR

** nSigOps * 50 * SIGHASH_SCALE_FACTOR. All SigOps are equal (no witness scaling). For non-segwit txs, the sigops in output scriptPubKey are not counted, while the sigops in input scriptPubKey are counted.

** SigHashSize defined in the last section

Translating to new metric, the current BIP141 limit is 360,000,000. This is equivalent to 360MB of sighashing, 2MB of serialised size, 4MB of adjusted size, or 80000 nSigOp.

See rationales in this post: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-January/013472.html


Block weight growing by time:

* Numbers for example only. Exact number to be determined.

* Block weight at HardForkTime is (5,000,000 * SIGHASH_SCALE_FACTOR)

* By every 16 seconds growth of the median-time-past, the weight is increased by (1 * SIGHASH_SCALE_FACTOR)

* The growth stops at (16,000,000 * SIGHASH_SCALE_FACTOR)

* The growth does not dependent on the actual hardfork time. It’s only based on median-time-past [using median-time-past so miners have no incentive to use a fake timestamp]

* The limit for serialized size is 2.5 to 8MB in about 8 years. [again, numbers for example only]


New coinbase transaction format:

* Existing coinbase format is allowed, except the new extended header in the coinbase witness. No OP_RETURN witness commitment is needed.

* A new coinbase format is defined. The tx may have 1 or more inputs. The outpoint of the first input MUST have an n value of 0xffffffff, and use the previous block hash as the outpoint hash [This allows paying to the child of a particular block by signing the block hash]

* ScriptSig of the first (coinbase) input is not executed. The size limit increased from 100 to 252 (same for old coinbase format)

* Additional inputs MUST provide a valid scriptSig and/or witness for spending

* Additional inputs may come from premature previous coinbase outputs [this allows previous blocks paying subsequent blocks to encourage confirmations]


Witness merkle root:

* If the coinbase is in old format, the witness merkle root is same as BIP141 by setting the witness hash of the coinbase tx as 0 (without the 32 byte witness reserved value)

* If the coinbase is in new format, the witness hash of the coinbase tx is calculated by first removing the extended header

* The witness merkle root is put in the extended header 2, not as an OP_RETURN output in coinbase tx.

* The witness merkle root becomes mandatory. (It was optional in BIP141)


Other consensus changes:

* BIP9 will ignore the sign bit. [Setting the sign bit now is invalid so this has no real consensus impact]

========

An experimental implementation of the above spec could be found at https://github.com/jl2012/bitcoin/tree/spoonnet1

Not the same as my previous effort on the “forcenet”, the “spoonnet” is a full hardfork that will get you banned on the existing network.

Haven’t got the time to test the codes yet, not independently reviewed. But it passes all existing tests in Bitcoin Core. No one should use this in production, but I *think* it works fine on testnet like a normal bitcoind (as long as it is not activated)

Things not implemented yet:

1. Automated testing

2. Post-hardfork support for old light wallets

3. Wallet support, especially anti-tx-replay

4. New p2p message to transmit secondary header (lower priority)

5. Full mining and mempool support (not my priority)

========

Potential second stage change:

Relative to the actual activation time, there could be a second stage with more drastic changes to fix one or both of the following problems:

1. SHA256 shortcut like ASICBoost. All fixes to ASICBoost are not very elegant. But the question is, is it acceptable to have bitcoin-specific patent in the consensus protocol? Still, I believe the best way to solve this problem is the patent holder(s) to kindly somehow release the right to the community.

2. Providing more nonce space in the 80-byte main header. However, this depends on ASICBoost being a free technology.

3. Block withholding attack. There are pros and cons, but I generally agree with the analysis by Peter Todd at https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/012046.html . One point he didn’t mention is that only small really needs pool mining, for the purpose of variance reduction. Big miners using pools are just lazy, and they work well without pool. That means only big solo miners are able to attack pools (i.e. small miners), while pools cannot do any counterattack. This obviously shows why fixing this is pro-small-miners. Also, with same hash rate, block withholding attack is more effective against a smaller pool than a big pool.

All of these changes involve a header change and require light wallets to upgrade. They also require firmware upgrade for all existing miners (change 2 doesn’t). I think these shouldn’t happen at least 2 years after the actual activation of the hardfork so people will have enough time to upgrade.
440  Bitcoin / Bitcoin Discussion / Re: Bitcoin Wallet on: July 30, 2017, 06:01:09 PM
Hello everyone!

I wanted to know I have Transferred bitcoins to my ledger wallet in case of split or something there will to be any problem when I will withdraw my bitcoins or something?

Does any one have knowledge regarding this or something that will be very helpful!

Thank you !


  Your Bitcoins is safe, do not worry. You should just make sure to avoid lesser-known 3rd party wallets/exchanges until after August 1, because they may not be prepared for the fork.
  Otherwise, wallets such as blockchain, ledger, etc. which are well-known should be completely safe. Smiley
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