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The difference is optimism vs. pessimism.
The people that wrote that article are pessimistic about Bitcoin. They focus on its problems and shortcomings, and they are intentionally short-sighted. They correctly believe that current price is not justified by its current utility, but they refuse to accept that future adoption and improvements could justify the present value.
On the other side are the optimists. The correctly look to the potential benefits, but they focus on an idealized future -- one that may not even be possible. They go to irrational extremes to justify their wishful thinking, and they intentionally remain ignorant of reality.
In the end, you have the endless articles by the pessimists stating that the optimists are irrational or naive and that Bitcoin is a failure because it is not what the optimists believe it is. And you have the endless rants by the optimists stating that the pessimists are ignorant or malicious, and that Bitcoin will succeed because it is more than what the pessimists believe it is.
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Heh. Well alot of people are apparantly able to sell at good times and buy again low, so there has to be a somewhat reliable way.
Well, considering that the people selling at a good time have to sell to people buying at a bad time, and people buying low have to buy from people selling low, i think that it shows that there is not a reliable way. |
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How do i see those darn corrections coming and know when to sell!
You don't have a time machine? I thought every investor has a time machine. If you want to invest, you really must have a time machine. How else are you going to travel into the future in order to find out what to invest and what not to invest in? |
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How do private key works and how do I use it to make the transactions from my main bitcoin address to my imported bitcoin address?
That question is difficult to understand. Perhaps you should explain what you want to do. The wallet uses a private key to sign a transaction in order to prove that you have the right to send the bitcoins and to prevent anyone else from modifying the transaction. |
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If everyone used BTC as a store of value instead of trading everyday, we wouldn't hear all of the complaints about price/transaction fees. There are other coins for that. BTC should be HODLed and used for HUGE purchases. These tactics would minimize price swings and transaction fee complaints...
Don't you think we should go even farther and remove the ability send and receive bitcoins completely? That would get rid of all this transaction nonsense and make it 100% store of value. |
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How can we prevent miners from creation of the blocks without transactions?
Can't. |
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Why would it reduce unemployment? is there any technology that has had any long term effect on employment? It seems to me that technology has made huge advances in the last 50 years and yet unemployment is still around 5% - 10%.
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I imagine someone could write code that keeps trying to repeat 12 different combinations of words, after a while he must get results and control someone’s funds, no? With the amount of wallets out there now...
Don't be lazy. Do the math. Assume 1 billion wallets and one trillion tries per second. Let us know what you come up with. |
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Sorry. Miners don't set the fees. Users do.
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Hard to sit here and watch our BTC fighting off yet another attack from these twat wads. Our baby is wounded but standing strong.
Godspeed.
Some people just love to create drama. |
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Question: in step 3, how to get the public key from scriptSig? In simple terms, I give you scriptSig, will you be able to tell the public key?
Probably. There is nothing in the script that identifies data as a public key, but you can probably deduce it. The typical P2PKH scriptsig is: PUSHDATA(72) <signature> PUSHDATA(33) <public key> |
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I can't visualize how could it be possible to trace each satoshi is they don't have a kind of serial number ?
You can't trace bitcoins or satoshis (because there really aren't any), but you can trace transactions and addresses (usually). For example, If a 1 BTC transaction sending 0.5 BTC from addresses A and B to address X, then the bitcoins in X are 50% A and 50% B. If A and B both received 0.5 BTC each from addresses C and D, and E and F, respectively, then the bitcoins in X are 25% C, 25% D, 25% E, and 25% F. You can keep going until you reach the transactions that create the bitcoins. That is the best you can do. |
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I completely understand what you're saying, however how do you see it possible for a bit going to hit its highs 50 or $100,000 per coin? There are so many coins in existence and if you take that 50 or $100,000 multiplied times the number of Bitcoins available, it would equal to more money than was available in currency in the world put together. Any thoughts on this? Or do you think that this is when they will crash and burn?
Do the math. The global base money supply is something like $14 trillion. 21 million bitcoins @ $100,000 is only $2.1 trillion. |
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Hello! Could someone explain how <signature> and <public key> come out of scriptSig script? Of course, scriptSig in not equal concatenate(<signature>,<public key>). How is this information incorporated into scriptSig? Thank you! It's a script. PUSHDATA opcode Signature data PUSHDATA opcode Public key data In this input of a transaction
scriptSig: 304502206e21798a42fae0e854281abd38bacd1aeed3ee3738d9e1446618c4571d10
90db022100e2ac980643b0b82c0e88ffdfec6b64e3e6ba35e7ba5fdd7d5d6cc8d25c6b241501
where is the public key?
That is just the signature. The output that it spends is from doesn't require a pubkey because the output script includes the pubkey: PUSHDATA(65)
04283338ffd784c1 ... 8af332fe4d8cde20
CHECKSIG
Here is a typical raw scriptsig ( https://blockchain.info/tx/f1f1ce5a0411d890ee3c543df2302c2691129e700bb72fed9eac0fff9cc5a0d0): 48
3045022100b028b2 ... 9f49ad32a3b53e01
21
027ca78d2199b4fb6 ... 929e18f3276062e7
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This is obviously a scam. Don't bother reading the white paper. It says nothing.
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Is it more profitable to buy mining licenses from companies which mines BTC (Ex: Swiss Gold Global) rather than buying BTC off exchanges?  Swiss Gold Global looks like a scam to me. Don't send them any money. Regardless, most cloud-mining sites are scams. The few that are not scams are generally not profitable. If you want bitcoins and you don't have the time and expertise to mine then yourself, then buying them is the only reasonable choice. |
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Coinbase auto changed my address when I tried to withdraw from Start Miner ...
Coinbase changing the deposit address is completely normal. It should not cause any problems whatsoever. https://support.coinbase.com/customer/portal/articles/2276500All addresses that have been generated for your account will remain associated with your account forever. They are safe to re-use to receive future payments ...
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Can a private key be stored with more than one online wallet provider? So if e.g. Online wallet provider No.1 stopped working, I could use the same Bitcoin through Online wallet provider No.2.
It depends on what you mean by "online wallet provider". You cannot transfer your private keys from Coinbase, for example, because you don't have any private keys. If you control a private key, you can do whatever you want to do with it. That's what people mean by "control". |
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This is a Bitcoin forum and your question is about an Ethereum wallet. I think you will get better answers if you ask on an Ethereum forum such as https://forum.ethereum.org |
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