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1141  Economy / Speculation / Re: Bitcoin might never reach it's ATH anymore on: July 23, 2020, 05:32:08 PM
This is not a price speculation thread, but a call.
and yet you insist on making a "prediction"!

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Only then the whole system makes sense, otherwise, even if Bitcoin was not meant to be a Ponzi Scheme and obviously is not a Ponzi Scheme, it is actually approached by many "investors" as Ponzi Scheme and they hope to be at the bottom of it. That is simply wrong.
by your definition everything else in the world that mankind has ever invested in is a ponzi scheme.

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If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere.
If people stopped being obsessed by the price, it would be good too.
discussing the rate of exchange that bitcoin has against fiat is not always obsession with price and it is not a bad thing.

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This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).
newsflash: there are always some idiots who are trying to make money from anything that can make them money. that includes idiots on youtube and all those who created those websites. all of it is irrelevant to bitcoin and your title so far.

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One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.
and yet i never saw why you made this topic and why you think price may never reach its ATH! it seems like you are the one who is obsessed with price specially when looking at your post history.
1142  Economy / Speculation / Re: Why do you the mempool is getting clogged up right now? increase in transactions on: July 23, 2020, 05:03:44 PM
I personally think there are some people buying $10 worth of Bitcoin per day and withdrawaling that .0001 it every day'ish.

funny but no. there are people who are definitely buying small amounts of bitcoin on short intervals but those people usually do it through a service like Coinbase and use it also as a place to store their coins so there is no on-chain transactions from them until the day they accumulate enough and also realize how bad it is to store your bitcoin with a custodial wallet and withdraw it one time to their safer desktop or similar wallets where they control the keys.

the rise in number of transactions (which is a small one by the way) as others mentioned is due to the small price rise.
1143  Bitcoin / Development & Technical Discussion / Re: BIP numbering and status mess on: July 23, 2020, 04:53:33 PM
OK, the last one is a bit long but you get the idea. But something, anything, that lets people who are not familiar with every function and every call of BTC (or any software for that matter) but does know some programming or is working with another app that deals with it that it's there and working this way today but might not be the same tomorrow.

In a perfect world we would all have time to read every change-log of everything we are using but we can't.

but do we really need to be aware of all changes and keep track of them?
most regular users won't even know about most changes ever. for example they may not even know they are using PSBT, the wallet does that all for them.
as a developer it may be needed but keeping track of changes isn't that hard specially if it is a popular project and has many contributors.
1144  Bitcoin / Bitcoin Discussion / Re: What if you knew Huobi's private key? on: July 21, 2020, 04:27:18 PM
Can I ask something a little off topic? Why do they keep 255kBTC on a single address? Why not on 100 for example.

possibly because handling 100 private keys securely is 10000 times harder than handling 1 key securely. and from the looks of it the address seems to be using multiple keys (multi-sig) if i am not mistaken so in a way it may look like one address but it is not really one key.
1145  Alternate cryptocurrencies / Altcoin Discussion / Re: PoW is not what makes Bitcoin secure on: July 21, 2020, 04:17:22 PM
Well Bitcoin is a privacy coin, but people don't perceive it as such because it's not private. Yeah they rigged all the exchanges with KYC and this basically compromises the privacy of the entire community.

bitcoin offers privacy and that means you don't have to sign up with anyone or anywhere or give up your identity or fill out KYC to use it. it is free of all that.
now if you choose to go to some centralized place and they ask you for your KYC to use their services you can't blame that on bitcoin!

and you seem to be here to talk about monero despite what your title says. well since you mention it you also give KYC while you sign up on exchanges to trade monero
1146  Other / Beginners & Help / Re: Reason for Bullish and bearish in BTC on: July 19, 2020, 05:51:56 PM
it is just adoption that has been growing over the years. bitcoin is still very new and majority of the world don't know about it and only about one or two percentage of the world population own bitcoin. that adoption with the fact that bitcoin supply is capped means the price grows each time we see a surge in adoption.
1147  Bitcoin / Bitcoin Discussion / Re: What if you knew Huobi's private key? on: July 19, 2020, 05:40:27 PM
Why so doom about guessing? I didn't say that it is possible and I read replies kind "You can't do that", "There's no point to discuss it since it's impossible". I say IF. I know it's not possible.

well i said there is no point because it has been discussed a million times under different disguises such as collision, creating the same wallet as someone else, finding the same private key twice,... otherwise if you like we can repeat it all over again!
1148  Bitcoin / Bitcoin Discussion / Re: What if you knew Huobi's private key? on: July 19, 2020, 05:15:50 PM
Let's assume that you guess the correct private key of Huobi's cold wallet. What would you do?
Imagine yourself reading the news that some hackers stole 255kBTC,

there is a big difference between "guessing" the private key and "hacking" the wallet of some centralized service. the later is happening too often and even though it affects the price but in the end nobody cares about it. there has been lots of cases and many of them huge.

the former on the other hand is simply impossible and it is worth nothing discussing about it. if that happened it would be the end of bitcoin, it won't matter what the price was before or how much balance that address had! but the difference is that long before "guessing" becomes a possibility we will have had switched algorithms.
1149  Bitcoin / Bitcoin Discussion / Re: Did Coronavirus Help Bitcoin and Cryptocurrency - Debate about with Valutainment on: July 19, 2020, 05:06:12 PM
We remember that after governments and international health-related organizations announced the rapid spread of the coronavirus, in mid-March, Bitcoin and the cryptocurrency market in general dropped sharply in value. After that, it took a relatively long way to slowly recover their prices.

actually it was a little different. the announcement about the rapid spread came a little before the drops and in fact things got bad when the cases started piling up in US and they couldn't hide it anymore. then the global markets started dumping and then bitcoin dropped.

the recovery that bitcoin had was not slow either. after reaching $3800 the recovery started and in less than a week we were back in $7000+ (84% rise) and in 16 days price reached $9k+ which it still remains.
in fact this is why i consider the situation with bitcoin to be pure manipulation rather than a drop because of COVID-19.
1150  Bitcoin / Project Development / Re: Would you be willing to flip coin / roll dice 256 times for security of funds? on: July 16, 2020, 04:57:46 PM
one runs on a Raspberry Pi Zero with a custom linux OS to act as an air-gapped device where its not possible to get any information out because it truly runs as an air-gap device with no networking hardware available.

this part sounds very interesting to me but also the OS part makes it hard to verify it and i think such project is going to be a huge one. it would also be outside of the range of my knowledge.

And lastly, I hope the community encourages the open source spirit of wanting to verify everything and hacking away to deploy their principles or give voice to their opinions. Criticise it to its last bit, but do participate Smiley
i have found that only certain types of projects attract bitcoiners, for good or bad. for example anything that remotely relates to trading and making profit will get a lot of attention.
security related stuff don't seem to get that many contributions though. specially the new ones.
1151  Bitcoin / Bitcoin Discussion / Re: Will mining pools exist after 2100? on: July 16, 2020, 04:44:45 PM
you are basically asking the same question as "what will happen when the block reward reaches 0 satoshis" since the nature of it is the same. as long as there is reward to be gained from mining, the miners will continue mining bitcoin. that reward is the block subsidy for now and it will be mostly fees in a century from now! and when there are miners mining, they can "share the work" by joining a pool.
1152  Bitcoin / Bitcoin Discussion / Re: Lessons from the Past: When bitcoin's price stabilised on: July 16, 2020, 03:04:35 PM
Well considering the past I am happy that Bitcoin is stable now. Last time it took a steep down dive after halving in 2016.
This year we all expected the same to happen but it did not.

actually 2016 was mostly different and a lot more complicated than you said.
the rise started 2 months before halving on May 25 and continued rising from $450 to $770 for about a little more than a month. then we saw a big drop on June 18 and by July 7 that halving occurred price had already come down and stabilized at ~650.

if we didn't have the Covid drop then the price movement would have been the same thing and price would have been $15k.
1153  Bitcoin / Bitcoin Discussion / Re: Warning: crypto related twitter accounts (Binance, Bitcoin, TRON, &more) hacked on: July 16, 2020, 02:54:24 PM
The DMs from all of those people might indeed be worth more than the $100k he got from the simple doubling scam.

true but i seriously doubt they got that much money out of the scam. i said this in the other topic too, the amount placed in those addresses is like the beggars who put the first dollar in their bowl to make people feel safe giving up their money...
1154  Economy / Speculation / Re: Will the twitter scam crash the price on: July 16, 2020, 04:02:31 AM
i honestly don't see how this could even remotely relate to bitcoin price. scams like this happen all the time (maybe on a smaller scale but still) and they have always only affected newbies, the newbies who don't even have that much bitcoin to begin with. and price is not determined on twitter!

that balance doesn't prove anything.
it is like the beggars or the street performers who put in the first dollar to get the ball rolling and make it look like they are being paid so others also feel safe paying them.
1155  Economy / Speculation / Re: [7/14/2020] 'Ferocious Rally': Weiss ... Bitcoin, Price to Hit $70K Next Year on: July 15, 2020, 03:06:29 PM
it is always interesting to read this type of analysis of the future of bitcoin price but i still don't think we have any way of accurately predicting what the price is going to be.

take 2016 for example which is very similar to today. by that time nobody could predict $20k to be the ATH even though many throw around numbers and possibly some by pure chance guessed it but nobody predicted it with any solid reasons.

things change, speeds rise and drop. we may see a much bigger adoption as the rise begins and we could see a much bigger rise compared to 2017 which could at least take the price to $250k.

We have seen the Feds pumping money last May, but it didn't have that much effect on the price long term.
inflation due to money printing doesn't have to show itself right away.
1156  Other / Beginners & Help / Re: Bitcoin Scripts for dummies on: July 14, 2020, 05:08:12 PM
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Cons:  longer payment addresses, and less protection (break in the ECDSA signature algorithm with the whole public key may enable the hacker to know the key to using quantum computers.)
there is no addresses defined for P2PK scripts. and as for their security it is pretty much the same as everything else and if ECDSA were to be broken one day, nothing would be safe anymore.

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lower the transaction fees (for the sender): Fees are commensurate with transaction sizes.
the size is too small to be considered an advantage for sender (2 bytes).
and receiver ends up paying higher fee because there is an additional push of the redeem script which takes up more space.

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How do nodes that did not upgrade deal? They read an empty scriptSig and some data so They don't know anything, but that doesn't matter as long as the transaction is valid.
it is a big deal for them because they have no way of verifying the transactions so if anybody spends anybody else's SegWit transactions they will not be able to verify which one is correct.
1157  Bitcoin / Project Development / Re: Would you be willing to flip coin / roll dice 256 times for security of funds? on: July 14, 2020, 04:03:38 PM
there is a difference between being cautious and paranoid.
so far there has been millions of bitcoin keys created and trillions of dollars worth of bitcoin have been transferred around and to this day there has not been a single case of bad RNG coming from the good wallets like bitcoin core or electrum. the cases were from new, shady or weak codes or services such as blockchain.info, javascript base websites and wallets,...
that is why people aren't really looking for alternatives, specially when that alternative could take an hour of their time and still not be safe.
1158  Bitcoin / Bitcoin Discussion / Re: Bitcoin.com uses bitcoin cash as default currency on: July 14, 2020, 03:48:00 PM
There are always scammers but bitcoin.com seems always legit. And bitcoin.com is not a scam. At least not directly like fake giveaways.

I just don't find the reason of not buying it. bitcoin.com and bitcoin.net redirecting to bitcoin.org, that's all.

bitcoin.com is exactly a scam by all intents and purposes. for example if you go to an Apple store and pay for an iPhone but they give you a Chinese garbage, that is called being scammed.
when you go to bitcoin.com they tell you that you are buying "bitcoin" but they sell you a garbage called bcash. and that is similarly a scam.

as for redirecting to bitcoin.org that doesn't solve anything. what happens when bitcoin.org turns bad too? that is the problem with centralization that you can't fix it by more centralization.
1159  Bitcoin / Bitcoin Discussion / Re: Is CoinJoining/Mixing/Whirlpooling worth it in the end? on: July 14, 2020, 03:28:37 PM
the more people use mixing options to mix their bitcoins the harder it is going to get for these centralized services to block deposits and cause any trouble for their users because eventually a large portion of their users could have mixed coins and any limitation could cost them a lot of revenue.
right now they can put up the restrictions because of low number of users and the stronger government pressure.
1160  Bitcoin / Bitcoin Discussion / Re: Bitcoin.com uses bitcoin cash as default currency on: July 13, 2020, 02:59:50 PM
Satoshi should have bought bitcoin.com, with a simple redirection to the org.

why?!
bitcoin is not some centralized coin or a centralized company to have an owner (aka Satoshi) who is responsible for buying up domain names and protecting them.

in fact i say it is a good thing that bitcoin.com is run by a scammer and is scamming people. newcomes learn that in this decentralized world there are always scammers lurking around wanting to empty their pockets while putting on sheeps clothing.
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