bitcoin/blockchains have not been hacked

exchanges have had their websites hacked and stupid/foolish servers that store their private keys on those website servers have had hackers use the private keys to take funds linked to those keys, and those keys only

in short. you cant hack a strangers cash under the matress by finding out your silly wife put her cash under a matress you can access.. the strangers matress is not the same matress you and wife have access to

the core devs have not done a good job of documentation.
trained devs usually learn to comment coding and have supporting documentation. something which back in my day was called pseudocode / BASIC code to explain each function and how it reacts/effects other functions in a more human readable way without having to read thousands of lines of code.
as i said the core devs have not really done anything like this

sometimes its better to just start from scratch and write the most simplest version you can make that does the functions. learning by doing and debugging is better than just being a script kiddy that just copies and pastes code and simply just runs the code. because you cant really learn much by just copy/pasting something

if unsure, just ask a question about anything your unsure about

OP just copied and pasted text from a few years ago hoping for free merit..
sorry not original. and even if it was original. im sorry but its not rally teaching anythng
very lazy
(edit:OP now seems to have edited post to mention 12.5btc)

firstly there are 12.5 coins per block now (yea the OP's post is mega out of date as it originally said 25 coins and a price/btc of ~$228)


but more importantly. the 12.5 coins per block do not all go to exchanges to become the "supply" of exchanges to be part of the market price

too low?
not stable?

if you ignore the december drama about the price. todays price is higher then it was 6 months ago and higher than any price for the 8 years before that
stop looking at the all time high thinking thats the expected price. check the lows and you will see that the 6 monthly movements are on a good and happy rise.

funny part is the OP complains about unstable price but then screams, demands, and wishes for a $1m coin in only a few months..(facepalm)
how about stop checking the price daily and stop looking at just the 3 hour charts and seeing the big differeince to last months FLUKE... and instead look at the big picture and se that today is better than the yearly-8 yearly chart

tl:dr;
stop looking at the ATH and thinking thats what is the norm. ATH is the fluke

monero is not any different. infact by pointing fingers that X is bad. throw X to an altcoin.. is a tactic for the "main team" to gain control and have no open network of competition.

its like racism.. "OMG foreigners are taking our jobs, deport them".. end result white supremicy and no diversity.
bitcoins ethos was the no border, no control, diverse network.. but by the centralists pointing fingers that anyone anti-core must be deported.. well thats just reverse psychology to make core centralised. think about it.

bitcoin was suppose to be open to many teams. but it sems if anyone tries to defy cores roadmap, doesnt belong in bitcoin.
open your minds people. thats core being centralist

that said. if its not an asic miner... then people would be crying how AMD are the main power house of mining (yep people did scream that in 2012-2014)
yet even that is fake finger pointing..
it would only be a power house if they didnt sell asics miners publicly and instead just built up farms of their asics privately and left the public with GPU's

what i find strange is this Wu reddit propaganda has been cycling around since 2013, there have been other drama's about non participants such as craig wright. yea he is a scammer, but thats drama that belongs in a courtroom bcause he owns no bitcoin and has no influence.. so i have to laugh that when people recirculate old drama, that its just distraction techniques to avoid people talking about the real problems of bitcoin.

which is that bitcoin is becoming centralistic and making people into sheep following a roadmap. the core roadmap
you shepmight aswell just scream out "everyone get on the core highway, pay the core roadtax and dont let anyone make bitcoin have many roads to explore. just follow the map in one direction as laod out by the core road planners. because only they should decide what direction the road should go down

the average for the last 200 days is not $4.5k
what your thinking of is the price 200 days ago. not the average of 200 days

though many people have all these trending names like death cross.. what people need to realise is that by having all these trends.. its not predicting the future. its actually causing many people to react at a certain point in the future due to the past.
like a self fulfilling prophecy.
in short its the trends that causes further trends because everyone sees the same data and ends up reacting at the same time.
EG if you watch traffic light trends that go red every 50 seconds.. you start to learn a pattern and count in your head that if your near a junction at 48 seconds you should put your foot on the brake.
everyone starts learning to put their foot on the brake
even if the light doesnt go red, everyone is putting their foot on the brake slowing down the traffic.

none of the sheep in traffic (unless smart) decide screw it lets accellorate because the light is actually green. too many people are trusting the past trend of red, instead of actually looking at the reality of green
so dont being a sheep by just relying on trends

any way, watch out. because people do throw a curve ball and mess up your strategy by going against trends, because some are not sheep. if all you are going to do is base your trades on the past, then you are playing into the sheep game of following past trends. youor locking yourself into a circular cycle

dont be a sheep. everyone sees the same trends so following them is nothing special. get out of the circular cycle and get ahead of the game

the advice was
"Choosing a different server fixes this. On the bottom right corner, double click the green dot, uncheck "auto-connect" and double click a new server. You might have to do this more than once if the light turns red (make sure it's green before trying again)."

i think the better advice would be
Choosing a different server fixes this. On the bottom right corner, double click the green dot, uncheck "auto-connect"
exit electrum, so that it can forget the rejected tx
open electrum again, hopefully the rejected tx isnt shown
and double click a new server. You might have to do this more than once if the light turns red (make sure it's green before trying again).

..
just trying to increase the fee wont help much because you still have the dust output of 0.000005 going to 1AuMD address

the problem is sending the 0.000005 to the address 1AuMD
if you only want to spend 0.001 then is should look more like

input(your original balance) 0.01612236
output
destination address 0.001
change address(another address you own)  X

now to work out X deduct 0.001 from original balance 0.01612236
then deduct the tx fee(82500sat)

thus x= 0.01429736
meaning
the network pays the destination the 0.001 you want. and gives you back 0.01429736 which is the left overs after fee is subtracted
.......

input
(your original balance) 0.01612236
output
destination address 0.001
change address(another address you own)  0.01429736

its not going to solve scaling (run scenarios)
its not going to be for everyone

but it seems like the centralist mindset is, 'if you dont like it dont use it, devs are following the roadmap anyway
bitcoin needs ONCHAIN scaling sorted FIRST
segwit has not solved it

but hey.. even andreas antonopolous has pretty much (not verbatim) said if you dont like the roadmap plan go play with an altcoin.
(ultimate facepalm)

most of the testing is just to establish a routte to send a single payment. usually in 1-2 hops,, they have yet to really get to the mayhem of their promises in indefinitely keeping channels open and also the fiction of cheap tx's

EG even the OP of the topic said getting a route isnt simple and many channels are needed (something i mentioned a few tims in many topics.. that hops dont work, that hubs are the only way) and meaning many onchain fee's to close and reopen when people go offline or run out of funds to be a middleman route. and many onchain fe's just to open the many channels to be a reliable hub

and also its only cheap if A needed to pay B. but if a needs to pay D so A needs B and B needs C to 'borrow' to D.. then C will wanna be paid a fee too.
and its not going to be often that a route is just going to be 1-2 middlemen fee's

imagine 5 connections is set as safe connectivity..

draw 9 dots and you will see not everyone is connected from 1 peer in one hop.(left side of image below)

yea only 9 people in the network but needing 2 hops to get to everyone with the ASUMPTION everyone is always online at all times and always has funding available.(right side of image above)

now imagine each of those nodes wanted to deposit $50 of their funds for routing.. ($10 per channel)
you might think wow the network is holding $450 ... but it doesnt mean $450 is at play all at one time indefinetly.
it means $10-$20 is at play at any one time, affecting only 1 middle guy..and when one side of a channel has 0 because they already been a route for someone else.. they are out
if $50 was at play at any one time, it would affect many middle guys. and once one side of them many channels are 0 because they have already used thier $10 alotments. their out

now this is a simply 9 node network and already there are limitations being spotted.
now try and draw 64 nodes 8x8 grid. and see how many lines(connections) are needed for everyone to be 2 hops from one another.

we are only talking about 64 users.
then try 1000 users only 2 hops away (1 middle man)

then work out what is the sweet spot is for how many conections are needed for 1000 people but relaxing the hop limit by saying 10 hops
(yes node A has now a bigger risk if 1 other node of a route goes offline it limits how many people it can pay. because it relies on many other as routes)

you start to see nodes just being 2 conction hoppers doesnt work and instead nodes having to be hubs with dozens/hundreds of connections in a hub/spoke model just to get a couple thousand people 'well connected

now expand that to 1 milion users.. now these hubs needs hundreds of connections and each channel(connection) needs funds locked in

now try 50million..
now try 200million

....
the dev's have not really thought through about the nodes needing to fund many channels to be "well connected" and the limitations that would bring
right now all they are doing is trying to make sure just 1 connection works to make single payments. they have yet to shock themselves about the issues of ongoing payments once funds per channel are depleted/users offline severing routes,

and also they have yet to even begine to realise the fund loss risk of HYIP(ponzi) scamming using autopilot
.. but hey. its only been the big PROMO future solution spread as utopia for the last 2 years... and even now people who havnt even looked into it beyond the reddit promo glossy paper.. still think they trust its going to b perfect and free and fast and without headaches and no limits

please runs some scenarios

some addresses are publicly tagged
https://blockchain.info/tags
scroll to bottom of pag in the link

lol

i remember the day when part of decentralisation was that anyone can and should look at how things work to ensure there are no trojans, no way to break the system and ensure there are no back doors.. but now it seems many just wanna say "you don't have to understand it.  That's a job for developers"
seems there are too many suck ups and not enough critics. no wonder bitcoins ethos is dying and LN (banking 2.0) is taking over.. too many centralists saying just trust the devs

so lets make LN simple to understand

channel (joint bank account requires 2 signatures)
open channel(bank deposit)
close channel(bank withdrawal)
CLTV(3-5 day funds held at withdrawal)
CSV revoke(chargeback)

how it works
when you deposit funds into a channel(joint account). the funds do not leave the channel while its open. what the system works as, is many joint accounts
imagine
Alice and Bob are married and they have a joint account[A-B]
bob has a mistress Christy and they have a joint account[B-C]
Christy has a husband Derrickand they have a joint account [C-D]

imagine they all decide to deposit $10 into each of their joint accounts
Alice puts $10 into [a-b]
bob puts $10 into [a-b] and puts $10 into [b-c]
christy puts $10 into [b-c] and puts $10 into [c-d]
derrick puts $10 into [c-d]

again remember the deposited funds dont leave the accounts(channels) while open
[a:10-b:10]    [b:10-c:10]    [c:10-d:10]

now if A wanted to pay D $3..
alice tells bob he can have $3 of [a-b] if bob uses $3 to pay christy in[b-c] if christy uses $3 to pay derrick in [c-d]
so it plays out like this
[a:7-b:13]   [b:10-c:10]    [c:10-d:10]  a&b both sign a tx to agree on B owning $13 of the $20(10*2) of the joint account
[a:7-b:13]   [b:7-c:13]    [c:10-d:10]   b&c both sign a tx to agree on C owning $13 of the $20(10*2) of the joint account
[a:7-b:13]    [b:7-c:13]    [c:7-d:13]   c&d both sign a tx to agree on D owning $13 of the $20(10*2) of the joint account

now D has got $3 due to A's request to pay

thats about as unbiased as i can be without highlighting the pitfulls and limitations of usage.. and it didnt take 4 pages

you cannot base combined taxes by using the market cap

the market cap is a meaninglss number.
let me explain

if i make a coin with 1 trillion coin cap, and buy just 1 coin for $5
the market cap becomes $5trillion
yep market cap becomes $5trill even though only $5 was actually spent.

now if i sold that single coin for $6
the market cap becomes $6trillion
yep market cap becomes $6trill even though only $11 was actually spent.

now when it comes to taxes. i only gained $1, so 20% of $1 is 20cents... yp my tax bill is only 20cents
as for the other guy that bought my coin. he is currently at a tax deduct of $6 right now so he owes no tax

thus the whole markets tax is 20cents even though the cap suggests $6trillion(thus the op would wrongly suggest $1.2 trillion tax)
..

now back to the market cap of btc
when trades are done. the price moves not because ~17m coins are being traded at any time for th exact price. to then give the market a true value of bitcoin price * coin in circulation. instead the price moves because of small amounts of coins.

by this i mean there are no billions of fiat held in a bank to back up the market cap.
infact the entire market cap $amount can move by a trader simple having an order of say 0.001btc being traded

this is not about elair specifically.. but LN's protocol as a whole

i predicted this months ago.. and its not a 'bug'. but a limitation of feature based on the tech. thus not an easy fix(without lots of open/closing channels(onchain tx fee's)

even funnier is that LN devs still are not being honest that to move funds involves locking in value. and fiinding routes.
many keep promoting that its just a deposit into LN once and infinitely be able to pay anyone any amount risk free

but the truth is not what is being promoted
EG if all you want to risk in LN is 0.01.. but know just 1 channel aint enough, so think 5 may work.. thats 0.002 per channel. meaning you can now only send 0.002 for the only route that works, and then have to close the other 4 channels (more onchain tx) and then reopen more channels incase the one you currently have, the counter party decides to go offline.
yep sorry folks. its not a open a channel and close a channel in 2 years to save onchain bloat.

alot of people still beleive LN is the trustless, permissionless, unlimited, never needs onchain again solution. when the reality is that opening and closing channels because route crash/counterpart offline/change their acceptable payment levels.

if only people became critics to actually mention the pitfuls, thus actually try asking for something better and thus getting something that could actually solve things. then real solutions would actually mature and solve things sooner. and not just suck up to devs and promote halve truthes,

if its too expensive to trade. and has no merchant usage.. then its demand dies.
check out all the crap coins that cant buy a loaf of bread(random example) in the real world. but all have 21mill coin cap

scarcity is meaningless without utility/function.
emphasis check out all the crap coins with 21mill coincap

dont rely on scarcity as bitcoin saviour of value. otherwise your willing to say kill off utility/function because scarcity will push bitcoin up. reality is it wont. scarcity is meaningless without function/utility

scarcity is about supply.. function/utility drives demand. supply does not drive demand

commodities have a purpose. a commodity is a raw material used to create other products.
wheat can be turned into bread,.. oil can be turned into fuel/plastic

now this is the confusing part for some.
GOLD sits on 2 markets. commodities AND asset.
golds commodity value is its raw material state to the create electronics and jewellery

bitcoin does not share golds commodity value. bitcoin is not a commodity, emphasis bitcoin is not a commodity

now because gold has a commodity value, this gives it a value. and combining golds commodity(raw material) value with golds scarcity. and golds utility/function value as part of a circuit/jwellery(end product) gives gold an asset value

again. bitcoin has no commodity value. and thus it only holds value due to scarcity ethos/utility(trading) and merchant use for bitcoin to be an asset. emphasis bitcoin is an asset
emphasis. without real world merchant use. bitcoin loses its main aset value. (remember bitcoins first price push due to bitcoin pizza, then silkroad, then things like bitpay/coinbase shopping cart tools)

but if we take away bitcoins ethos/function by making it the expensive to use (tx fee onchain / high cost to open/close 2nd layers) then it loses its utility.. if its no longer useful to buy things in the real world... all thats left is scarcity..

so lets talk about scarcity alone
now.. i have a dog that does 2 poops a day. in 2 years it will be trained to do 1 poop a day. and as it gets older, it starts getting constipated and only does 1 poop every couple days.
in its life thats about 2500 bags of dog poop will ever be created by my dog.. wh wants some.... no one.. but wait. its scarce. so why no demand(sarcasm)

in short. scarcity alone is meaningless. something is not an asset just by being scarce.

demand due to scarcity alone is meaningless. there has to be function/utility of the item for there to be demand. otherwise its just crap..
as shown by all the crap coins that get dumped once people realise theres no utility. even if the coin has faster tx times and lower fee's there is no real world function/utility

bitcoin had/has many utility/functions. but slowly its losing those abilities. so dont always rely on 'scarcity' as the sole thing that will keep bitcoin prices up.. because otherwise you might well just be holding a bag of poo..

we need to concentrate on not letting devs destroy bitcoins ethos. not letting regulators turn it into fiat. not let users turn it into a gimmick via sounding like a ponzi get rich scheme.

- providing HONEST informations about bitcoin can make it improve. even bad honest info (avoid scam X, dont use LN unless your prepared to lose)

- joe blogs from hobo town cant really do much to convince big business to join.. but if each person gets their own LOCAL stores interested. the pebble in a pond effect from many people will create waves

- dont just inform newbies about investment. teach the functions/utility of bitcoin, including the drawbacks and limitations. because if you only shout "buy bitcoin double your money" all your saying is use bitcoin as a gimmick to then run back to fiat(you'll sound like a ponzi advert)

LN is trustless? seriously. stop reading the reddit promo material and actually do research.
1. you need to trust the other parties wont blackmail you for signatures.
2. theres a thing called autopilot that can send YOUR funds without your consent,
3. because its offchain people can alter their node to hack your funds and then at the end change it so you sign first (they gain the revoke) so if you then try to send a double signed tx to the blockchain. they can then revoke YOU. meaning YOU get punished.even if you were the victim of fund hacks.
have you even bothered to get an explanation as to the 'dont put too much coin into LN mainnet because you can lose it' (advice LN devs gave themselves)

LN is permissionless? wow please do some research. stop promoting something that you have not researched
1. you keep trying to make it out as if its just a channel opening handshake agreement thats required like tcp communications.. its not
2. LN does need permissions. for every payment. it is NOT a PUSH payment system. (learn push payments)
3. even if you run autopilot. making you the human not the permission giver.. the channel counterpart still needs your nodes permission (learn multisig)
4. you cant just say 'hi im A im paying D' and thats it. B, C and D need to agree on it if you are using the hop of 3 channels earlier example to get to D
5. as for no third party. again learn multisig. then learn why they want to bring schnorr into LN toallow fund managers to monitor the channel closes when people go offline(yes it will be a thing)
6. nodes CAN exempt you from participating.. after all.. those core fanboys have proven that already when they showed the meme of an LN node they named Rogerver being left exempt from the network. ill give other examples when explaining fungibility next

LN is fungible? again, you must be joking,
1. when creating a route some route decide rules, such as not wanting to connect to nodes of certain value, meaning some funds are treated differently and not accepted
2. its like saying 'i only wanna channel with you if you hold a $50 bank note. sorry if you only have a $10 bank note, goodbye
3. then its like 'ok you got a $50 bank note, but if your not willing to swap it in daily amounts of $1 then i got no use for you'
LN is not as connect to anyone anywhere for any amount.

please i really do think you should do some research. i mean this sincerely. really look beyond the glossy promo material and actually research beyond their buzzwords.

and if you still think that LN is better than the fiat system research what CLTV and CSV actually enable as features from the prospective of users.
here is a hint.
CLTV=3-5 business day funds locked on wire transfers(closing channels)
CSV revoke= chargebacks
sound familiar to the fiat system

good luck in your research, have a nice day

firstly im not in any band camp... just because i detest blockstream and the crap they heve done. does not throw me into any other coins camp

secondly craig wright is a scammer
i have made many many posts highlighting that craig wright cant prov crap, doesnt own crap, is in alot of legal trouble and has alot of explaining to do to many investors he defrauded with his trusts and tax grants

but hey.. i have read your posts over the last year and you seems to have blind faith that core are the masters..
i think that maybe if you take a few steps back and you will see that instead of trying to push people into being conspiracy nuts and altcoin lovers. you will see that some of us are trying to defend the real ethos of bitcoin. which has been eroded away slowly over the years with all the distractions of things like craig wright and all the altcoin creations by saying they are attackers. purely to slowly hand more power to core to control and direct a roadmap

but hey. you keep on reading reddit and keep on spreading the buzzwords of the month. just realise that all your doing is pushing people away that oppose one team.. meaning pulling only one team into the lead.. (definition of centralisation)

slow? pfft. it was only december/january it had its OUT OF PLACE / UNNATURAL all time high..
regain? again it was out of place, un natural
dont treat a spike as "the norm"
dont hav price charts open at a 3 hourly zoom, waiting and checking several times a day for that top price to return like its something that always existed that has just temporarily left the building for lunch


smart traders do not care about the all time high. thats just speculation bubbles and volatility.
whats important is finding the lows. and if lows of today do not go lower than lows of 6-12 months ago.. that is the true win for traders.

while small minnows are waiting to double their money waiting patiently for the next all time high to be double the price the minnow bought in at...
sharks and whales are chomping on small and repeated 1-5% movements. which if you add them up turn into doubling funds in less time the minnows wait for.