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News: Mixers will no longer be allowed after Jan 1
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1  Bitcoin / Bitcoin Discussion / Re: What is stopping people from running their own full node? on: May 14, 2020, 09:57:38 PM
I used to run a full node. In fact I still am running the node but I've closed off port 8333 because periodically I get denial-of-service attacks from malicious nodes. While core 19.1 is good at stopping most network attacks these attacks could still consume terra bytes of monthly data.
2  Bitcoin / Bitcoin Discussion / Re: How many of you are Satoshi Millionaire? on: November 17, 2019, 12:57:58 AM
There was a time when new entrants wanted to reach goal of 21 BTC

I reached that goal, but then I spent the 21 BTC on 10 Friedcat USB stick miners.
3  Bitcoin / Bitcoin Discussion / Re: What Will You Do To Recover Bitcoin? on: November 17, 2019, 12:50:28 AM
In 2010, you came across a site that was giving away bitcoins. The site said it was free money so you signed up. You were logging in to figure out how it was money but couldn't. The last time you logged in you had more than 100 bitcoins. Later you forgot about the site until 2017 when a ponzi was advertising Bitcoin. Bitcoin? The name rang a bell and you stated hearing stories. You remembered you must have many bitcoins  somewhere but you can't even remember the name of the site. How would you recover your BTC?

Back in 2010 there probably no sites that gave you bitcoins to store in an online account. There were faucets that gave out 5 BTC but those coins were sent to an address that was probably on a full node or SPV client, meaning that you held the keys. Back then the mentality was that you were responsible for your private keys.

This situation is purely hypothetical.
4  Bitcoin / Pools / Re: Any interest in a VPN-enabled mining pool? on: November 15, 2019, 09:55:36 AM
The biggest problem is that most mining hardware are incapable of directly establishing the VPN connections themselves. This complicates the client-side setup. The pool user would need to set up some kind of host in their local network to run the VPN client and also some kind of stratum proxy that accepts local connections and forwards them through the VPN.

If you cared enough about privacy, it would be more flexible to set up an SSH server on AWS and forward your stratum connections through an SSH tunnel to any pool of your choice. You can change the AWS instance periodically and get a new IP address if you are that paranoid.
5  Economy / Speculation / Re: Bitcoin $400,000 (?) on: November 10, 2019, 09:02:24 PM
From the article:

Accordingly, our long-term price target for Bitcoin is approximately $400,000 per coin, based on taking the market cap of all the gold in the world and dividing it by the number of bitcoins that will ultimately be in circulation.

I wish he would state what exactly "long-term" means. If Bitcoin continues to survive over time then it's price will likely go up over the long-term The question is: Will it reach $400,000 in my lifetime?
6  Economy / Exchanges / Re: bitpay debit cards and taxes on: June 15, 2018, 08:38:00 PM
Last year the IRS has won a John Doe summons for debit card information of SML customers with offshore accounts suspected of being used for tax evasion:

It is not beyond the realm of possibility for the IRS to demand BitPay or Metropolitan Commercial Bank (the card issuer) for debit card transactions of BitPay card users.

7  Economy / Speculation / Re: we're pumpin right now on: May 05, 2018, 11:39:28 AM
Pumping currencies isn't fraud. Look at the USD for instance.

The USD has so much liquidity it is almost impossible to pump (or dump) it to impact the price in any meaningful way. BTC on the other hand ...
8  Bitcoin / Pools / Re: How do miners pool their hashpower? on: November 23, 2017, 02:59:00 AM
Let's say you wanted to find a pebble of sand on the beach that was a certain color of red. Only that color of red counts. If you find that red piece of sand, you get $100,000. If someone finds the red sand, they announce a new color, and the hunt starts over.

Now, lots of people are scouring the beach looking for this. However, you're smart and organize a group. You get a bunch of people together, and draw some squares. You have person 1 look in square 1, person 2 in square 2, etc.

This is how pooled mining works - the pool gives a little square to a miner, and that miner searches through that square. When they've looked for all the grains of sand in their square they pool gives them a new square or if someone finds the red grain somewhere else on the beach, and then the miner says "Ok, now look for the blue sand". The pool is dishing out the squares to each miner.

I think that this is a good analogy, but I would modify it slightly to make it more aligned with what is actually happening. I assume that the search area is analogous to the nonce. The modification is that - the beach is so large (think Sahara desert) that the chances of 2 searchers running into each other is almost 0. So the searchers are not given small squares to search, but instead they are free to roam the entire desert randomly on their own.
9  Economy / Speculation / Re: Bitcoin Must Crash - $7500 Is The Peak on: November 17, 2017, 12:29:40 AM
I am born with eyes that works in special ways - it does average and smooth things up for me instinctively Grin. I see the peak to be $7500.

Clearly you were born with eyes that suck. Too bad you've already left the forum and are no longer accountable for your stupid posts.
10  Bitcoin / Bitcoin Discussion / Re: How did you first hear about bitcoin? on: November 02, 2017, 12:50:10 PM
Anyone got to know Bitcoin through grid computing? It was through my interest in the SETI project and Folding@Home that I got to know of Bitcoin mining. I think it was mentioned in one of those grid computing forums as there are similarities in that the concept of distributed computing is involved. So I started messing around with GPU mining when a high-end Radeon card made 3 BTC a day, and pretty much stuck around ever since.
11  Other / Meta / My activity is going up by itself!!! on: November 02, 2017, 11:43:09 AM
 Grin Grin Grin

Seriously though, this is my junk account. I stopped posting for a couple of months and come back to find that my activity has gone up by over 100 points!!!

It turns out that some illiterate is posting using my account even while I was logged in. He never changed my password, so I managed to take back control of my account and I am now deleting some of his garbage. Yeah, even though this is my junk account his posts don't even qualify to remain ...

What I am saying is be careful. I don't think I changed my password after the 2015 hack. It was 9 characters of gibberish (upper-case, lower-case, numeric, special character) so it could not have been a dictionary attack. Yet they managed to crack it as a set of 9 characters is apparently no longer sufficiently complex.

EDIT: Looks like my account has a potential rank of Hero Member. My guess is that these scumbags are silently ranking up hacked accounts that appear to be abandoned without initially changing the passwords. Then when the desired rank is reached, they will sell the account and change the password at the same time, leaving the buyer and the original account holder to sort things out.
12  Local / Altcoins (Bahasa Indonesia) / Re: [ANN] BITCOMO | JARINGAN CPA pada Blockchain - UTK PROYEK SMARTCONTRACT & ICO on: November 02, 2017, 11:22:16 AM
saya berharap paling tidak bisa menggandakan investasi saya.
13  Other / Meta / Re: Stake your Bitcoin address here on: November 02, 2017, 10:33:44 AM
Here is my address: 1JPEp11PmySThBL85weWkXWxZ72xkquTHi

BeetcoinScummer  11/2/2017 1JPEp11PmySThBL85weWkXWxZ72xkquTHi
14  Economy / Scam Accusations / Re: MIXER.TO -scamm on: November 02, 2017, 09:38:18 AM
Hello gays !

Where I come from those are fighting words ....

Be careful with your vowels.
15  Bitcoin / Bitcoin Discussion / Re: What Are Your Greatest Fears As a Bitcoin Holder? on: November 02, 2017, 09:11:16 AM

What are the top risks for Bitcoin holders?

I used to fear Big Blockers, but now there is BCH and they have mostly stopped trying to interfere with Bitcoin.

Probably now the danger comes from people who want to increase the 21M limit or make transactions more traceable for the authorities.
16  Economy / Speculation / Re: Why bitcoin can never go past $7000 on: November 02, 2017, 08:52:58 AM
Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point

Hey! Why don't you start a "$15,000? Impossible! We will never get there!" thread.

I could sure use the extra money.
17  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] BITCOMO | CPA NETWORK on Blockchain - FOR SMARTCONTRACT PROJECTS AND ICO on: October 19, 2017, 02:49:27 PM
I have a crypto blog, can we collaborate in a way?  Wink
18  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] BITCOMO | CPA NETWORK on Blockchain - FOR SMARTCONTRACT PROJECTS AND ICO on: October 19, 2017, 09:15:13 AM
Seems like you know your business from A to Z !
19  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] BITCOMO | CPA NETWORK on Blockchain - FOR SMARTCONTRACT PROJECTS AND ICO on: October 19, 2017, 05:58:24 AM
Bill Gates thinks that blockchain is the future Cool

How do you think, can we trust this person? ))) anyway, I'm in!  Wink
Bill Gates stole this thought from me - that blockchain is the future   Wink

You know, Bill Gates wants to apply the technology of blockchain to help a poor people. Good idea!

Bill Gates is famous with his charity. In my opinion, this project is precisely such an opportunity.
20  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] BITCOMO | CPA NETWORK on Blockchain - FOR SMARTCONTRACT PROJECTS AND ICO on: October 19, 2017, 05:28:00 AM
Bill Gates thinks that blockchain is the future Cool

How do you think, can we trust this person? ))) anyway, I'm in!  Wink
Bill Gates stole this thought from me - that blockchain is the future   Wink
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