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May 06, 2024, 08:35:00 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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4121  Bitcoin / Bitcoin Discussion / Re: How to recognise bitcoin addresses on: May 16, 2017, 11:12:17 PM
Yes, public information.

For example, in the past Blockchain.info has scraped Bitcointalk user signatures for addresses, and associated user names with those addresses. Like this: https://blockchain.info/address/1NhMCm8fYaHmVanKx33yhh1gfVW1DMBUjZ
I asked them to remove the link to me and they refused.
4122  Bitcoin / Press / Re: [2017-05-15] Underlying Asset Bitcoin Value Closer to $3000 – GBTC on: May 15, 2017, 06:15:38 PM
The premium for GBTC does not indicate "underlying asset value". It is simply the result of the lack of liquidity caused by the lock-up period for new shares.
4123  Other / Meta / Re: about the site functionalities on: May 11, 2017, 05:03:56 PM
hello guys,I am new to the site can you guys please help me in this.
* where should i put my bitcoin address in the site.
* how do i receive bitcoins in this site.
* how do i send the received bitcoins to my address.

This site is for discussing Bitcoin. It is not for earning or saving or storing or spending bitcoins. Just discussing.
4124  Bitcoin / Mycelium / Re: generate new address in Mycelium (for Bitcoin-Mixer forward address) on: May 11, 2017, 05:01:21 PM
You don't need to do anything special to get an address from Mycellium (or most other wallets). Every time you use an address, it generates another automatically.

Also, I don't think it is helpful to use a mixer in most cases.
4125  Other / Beginners & Help / Re: 12 word BIP39 backup: backup of private Keys still needed? on: May 11, 2017, 04:56:34 PM
i heard that a 12 word BIP39 backup (like implemented in Mycelium and Trezor) is ok as backup.

But are there cases where a backup of the private keys are still recommended?

There is no need to back up the keys themselves because they are generated directly from the 12-word seed. If you have the seed, you have all the private keys that the wallet will ever generate. I'm pretty sure that it true for all HD wallets, but you should check with the wallet developer.

OTOH, some wallets might also let you import keys that are not related to the seed. You would have to back up those keys if they hold bitcoins.
4126  Economy / Economics / Re: What is Usury? "De Florijn" project and interest-free credit. on: May 10, 2017, 11:24:15 PM
Interest is essentially the price of trust and liquidity (which is very similar !).

Of course trust is a factor (people with lower credit rating pay higher interest), but the primary factor is opportunity cost.

If I have money, I can choose to either invest it or loan it. If I loan it at no interest, then I have lost any money I could have made by investing it. If you want me to loan you money that I could otherwise invest, it is going to cost you.
4127  Bitcoin / Bitcoin Discussion / Re: If only.... on: May 10, 2017, 06:52:45 PM
Anyway today my 27 bitcoins would have been worth £37000 and a nice £22000 profit.  Oh well.  Undecided

On the other hand, if you didn't sell those bitcoins, you would have developed a debilitating heroin addiction and eventually died from an overdose.

So be happy you are alive and move on.
4128  Other / Meta / Re: BitcoinTalk Emails HACKED on: May 10, 2017, 12:16:11 AM
The user database was leaked 2 years ago.
4129  Alternate cryptocurrencies / Altcoin Discussion / Re: [2017-05-05]Wikitribune - Competitor or Copycat? on: May 05, 2017, 05:43:54 PM
No mention of Bitcoin anywhere in the article.
4130  Bitcoin / Bitcoin Discussion / Re: Earning Bitcoins on: May 05, 2017, 05:39:02 PM
Option 1: Earn $2 (worth 0.00125 BTC) per hour at a real job. Use the money to buy bitcoins.
Option 2: Earn 0.0000125 BTC (worth $0.02) per hour doing faucets or spamming the forums.

Why is there even a question?
4131  Bitcoin / Bitcoin Discussion / Re: Is diversity in bitcoin client implementations a good or a bad thing? on: May 03, 2017, 05:19:43 PM
If one implementation goes down or has a bug, then only the users of that implementation are affected.

This is true for many things but not for consensus systems.

In a consensus system with multiple major implementations if _any_ implementation has an issue everyone has an issue-- and if there is just a "disagreement" but none are objectively wrong, then there is still an issue.

When Bitcoin.com mined a 1+ MB block because of a bug in their code, who was affected? When people found and exploited bugs in the BU client, who were affected?

You wrote, "in a consensus system with multiple major implementations, ..." My ideal is a consensus system without multiple major implementations. As I wrote earlier, there are 83 different implementation being used right now and yet Bitcoin is humming along. The real problem is that a few of them dominate the rest, and a person striving to make Bitcoin more robust would be working to eliminate the dominance of any particular implementation because that implementation is a point of failure.

The reason for this is that for a consensus system the primary purpose is to be consistent, so any inconsistency is a failure, regardless of whom is "right" vs "wrong" or even an otherwise harmless difference.  Inconsistency immediately creates an opportunity for funds theft, when you think a state is final but it really isn't and it gets reversed.

An implementation is a _precise_ definition.  A pile of paper is not, or to the extent that it is precise it's still not that relevant: if paper says X and the network does Y, then Y it is, you can't generally just undo Y later without undoing transactions that people thought were final and irreversible.  Good specs are useful to aid understanding and analysis, but cannot define the network because they cannot control its action from moment to moment.

It is true that an implementation is a precise definition, but is such a precise definition necessary? You write as if Bitcoin does not have a mechanism for resolving disputes between nodes, but it does of course.
4132  Bitcoin / Bitcoin Discussion / Re: Is diversity in bitcoin client implementations a good or a bad thing? on: May 02, 2017, 08:17:00 PM
Multiple implementations are necessary. If one implementation goes down or has a bug, then only the users of that implementation are affected. If there are many implementations then the effect of one implementation having a problem is minimal.

The fact is that there are already many implementations currently running. This site (https://bitnodes.21.co/nodes/) lists 83 different implementations that are currently in use. Unfortunately, they are mostly versions of Bitcoin Core, so they all tend to have the same flaws.

Also, there is an important flaw in the single implementation argument. Whenever the single implementation is updated, a new implementation that could create an accidental fork is published. You can't avoid accidental forks by using a single implementation if you want to upgrade it. In fact, there already has been an accidental fork caused by a Bitcoin Core update.
4133  Economy / Investor-based games / Re: Cap Vesta - Capvesta.com on: May 02, 2017, 04:26:20 PM
It's a scam. Why are you promoting this crap?
4134  Economy / Economics / Re: Why Bubbles Can Be Good - Using Bitcoin's 2011 Bubble on: May 02, 2017, 04:22:46 PM
Bubbles are bad because the resources that a bubble wastes dwarf whatever benefits you may find.
4135  Economy / Economics / Re: what would if you were to destroy every bitcoin mining operation in the world? on: May 01, 2017, 06:35:42 PM
Mining is an integral part of Bitcoin. If you destroy mining, you destroy Bitcoin.
What if we are able to destroy corporate mining of bitcoins,can we shift back to the old GPU mining and be able to help with the transactions.I am certain that there will be a point in time in the future that mass mining farms will close down because of the running cost and the ROI factors taking into consideration.

It is a naive fantasy. Even if we could change the POW algorithm to be GPU-only, we would still get this:


4136  Alternate cryptocurrencies / Altcoin Discussion / Re: TECHNICAL PROBLEM WITH A WALLET on: April 30, 2017, 08:43:56 PM
You are posting on the wrong site. This is Bitcoin, you want to post on http://digitalnotetalk.org/.
4137  Alternate cryptocurrencies / Mining (Altcoins) / Re: Mining build, need some HELP! on: April 30, 2017, 08:39:05 PM
I hope you don't plan on mining Bitcoin with your GPUs.
4138  Other / Off-topic / Re: teaching a 14y/o teenager about Bitcoin on: April 30, 2017, 08:37:20 PM
Mining is an advanced topic. Newbies should have a good understanding of everything else before tackling the details of mining.
4139  Economy / Economics / Re: what would if you were to destroy every bitcoin mining operation in the world? on: April 30, 2017, 08:34:17 PM
Mining is an integral part of Bitcoin. If you destroy mining, you destroy Bitcoin.
4140  Economy / Economics / Re: What is the long term outlook for bitcoin price, for 2020 and beyond? on: April 30, 2017, 08:33:00 PM
TO THE MOON!

or

CRASH!

Pick one.

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