in many ways it has to. we have seen downtime for long enough and not just that we saw a very big dump recently (from $11kish down to $3k) which would have been the excellent time for all the bears to have their fun in the market. now it is time for the bulls to come back.
additionally this downtime was mainly because of the world wide economy which has been going back to normal. for instance in China their markets are already giving profit for a week now. other places things are going back to normal too.
i'd say this is a very long overdue bull run.
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this is part lie part reality. the drop itself was made bigger than it really was and it was partially because of panics. so it is natural for the world to resume itself after so many months and things have been starting to go back to normal again. of course the media is also exaggerating the recovery just like they exaggerated the doomsdays.
we should also not forget how much money US printed and injected in their economy to keep it afloat. it greatly negated the effects.
on top of all that US economy is being affected a lot by Chinese economy. the same way Chinese economy tanked then pulled US down, it has now been in recovery for about 10 days which should reflect on US economy too.
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Members A-D would work on the first phase, each on their own as if they were mining on their own account. Once one of the above members solved the first phase, they send the solution to a server, which sends it to one of members E-F who works on the second phase.
the idea of sharing work (pooling) is to have multiple workers that work in parallel to each other and not reply on other's solution. each worker gets its own work and submits the result of that work then gets the next parallel job. if a worker has to wait for other worker to finish then it defeats the purpose and the optimization gained by parallel work.
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90% of altcoin users use wallet with one address and 80% of them use mult coin wallets and not single wallet.
are these percentages your own computation or are there any studies behind them? i am curious because last time i checked majority of altcoin users were actually storing their altcoins on exchanges and don't have any wallets. it is also visible from their blockchain and lack of daily on chain transaction traffic.
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you first have to understand what OP codes are and what they do. think of them as commands that work on the data they are given. for example you can provide two data A and B and then call OP_EQUALVERIFY, this "command" checks if A and B are equal and if not it fails. OP_RETURN is simplest of all, it doesn't need any data. whenever it is reached it immediately fails without any extra actions. because of this, you can put literary anything after an OP_RETURN which is why it can be used to stored arbitrary data on the blockchain.
whenever you spend bitcoin, you are actually providing a script that any node can run (evaluate) and if didn't fail and returned true then the coins are considered spendable. so when you have OP_RETURN and if you try spending it, the node fails immediately on that OP code and it makes these outputs unspendable.
what others in sidechains, altcoins (merged miners), pegged coins,... do with OP_RETURN has nothing to do with bitcoin. they can do whatever they want. any bitcoin sent to an OP_RETURN output is unspendable forever.
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Of course it recovered, but the correlation with the legacy markets showed its no safe haven, as any crisis hitting them will also be hitting bitcoin.
i am still not convinced of this correlation which some people seem to have already accepted without any convincing evidence. the drop was not even a new thing, we had a pretty fresh one with the size of -40% right before COVID19 even began. there was another even bigger drop which came to a total of nearly 50% right before that (mid 2019). so where is the correlation in that? why are you people selecting 1 drop out of 3 and make the conclusion based on it? what was the stock market doing during those drops? booming. what was stock market doing during early 2019 when bitcoin price had 3 major rises of total 250%? nothing. so where is the correlation again?
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" Anyone who claims the bitcoin price is in any way organic, or follows real-world events, is simply talking nonsense."
THAT is nonsense. bitcoin may not be following every world event but its price is very organic and it has always been affected by all major world events specifically those that greatly affect the economy. don't forget that bitcoin was created because of the biggest economical fuck up of our time (2008 recession). is it benefiting from COVID? no because it has nothing to do with it. on the other hand COVID affected the economy which in turn had some small effects on bitcoin market.
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But the script is hashed, nodes cannot know the size and content of the script until someone tries to spend from it!
that is correct but i was talking about while that hashed script inside the output is being spent, that is when the redeem script is revealed. well these are all standard as they are using correct OP codes for numbers meaning 0x52 (which is OP_2) for example instead of using OP_PUSHDATA1.
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I just wrote to an email to the service suggested above (WalletRecoveryServices) and according to Dave (the owner of the site) it should be possible to crack the password without knowing the address associated with the encrypted private key.
that's interesting. i wish their system was open source so i could take a look at the code and figure out how it works, i am very curious. do you know any other BIP38 recovery tools that is open source and i could look at?
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I created this wallet back in 2012-14,I have the private key for it but have no idea what the BIP38 is,back then I would have bought 20-50 bucks of BTC.
according to the github repository BIP38 was created on Nov. 2012, and it would have taken some time to be added to a user friendly tool for you to encrypt a key using it. are you sure what you have is from then and is BIP38? So if anyone wants to try it I'll split 50/50 but I will tell you that it might be 0 BTC.
the way i understand this BIP you must have the address otherwise you can not brute force it. because when you decrypt it using AES the key is derived from scrypt using the hash of the address. in other words if you don't have the address then you can't derive that key and you can't even begin to try different passwords in AES256Decrypt. by the way since you say you don't know the balance i am assuming you don't know the address!
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At times feel why the price will happen to reach on such a high level when it cannot even cross 10k or 20k in those couple of years back had reached and after that still never achieved anywhere those levels. So even if it has to rise it would be limited to certain levels not like 180k or so. Also achieving 50k prices itself will be a big achievement in next 1-2 years.
Yes my friend we have to wait a long time to achieve some goals above 50 thousand. I think these large prices will be in the future, especially when the mining reward drops to 1.5btc per block! the rise looks big right now that we have a rather large distance to go and the rises have not yet started. but as soon as they start you can see that it is not far at all. you can compare it with going from $800 to $20,000 in 2017. from $10k to $50k is tiny in comparison. also another thing with future rises is that they keep getting bigger as the bitcoin growth speeds up.
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if feel like you are trying so hard to abuse a very global and serious matter to just generate some traffic to your own website. otherwise there is no link between bitcion and "overcoming racism" in any meaningful way. the article also doesn't convince me otherwise since it has no valid arguments in my opinion.
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i said this on Reddit too, i think all those who are believing this rumor are most probably going to be very disappointed soon as Paypal reveals their very own shitcoin which is based on bitcoin instead of adopting bitcoin itself. after all they are looking to make profit and nothing is as profitable as creating your own pre-mined shitcoin and controlling it 100% since it is going to be centralized.
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I'm only thinking about creating an exchange to simulate trading other testnet coins like how they would on the mainnet
then why use "real" coins? you can use virtual or fake coins that only reside on the platform you create without the ability to deposit or withdraw these coins. kind of like what some exchanges offer as testing ground but with fake balance.
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i have seen a bunch but none of them could keep performing well since they aren't really "AI", they are just predefined scripts that perform the same action based on a bunch of conditions that were hardcoded by the developer and since the altcoin market is extremely unpredictable they always end up "confused" and lose you a lot of money. all is needed is a simple dump or even a pump to screw with the bot completely.
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How many months do we have to wait before you admit neither scenario was "possible"?
Word of advice: next time you make a poll, include a "neither" option. Your poll is the equivalent to asking the question "what is your favorite color" and then only providing "lime" and "periwinkle" as voting options.
some people will neither ever learn nor would ever listen. just look how many people are talking about bearish trend whenever price drops $10! it is starting to become very funny in fact. even funnier is when you look back at each time price was stable just like now. for example the biggest clowning time was some months ago when price was between $3999 and $3200 and kept going up and down. in fact there is some traces of that (the $2k) in OPs post too
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can query all historical transaction records of any specified address, thank you for your help
that is not possible with the way a full node (like bitcoin core)stores the blockchain because the blocks and their transactions are not sorted based on addresses so that you could easily search for address historical transactions. you'll have to either rescan the entire blockchain for each address, which takes a lot of time or use another tool to index the blockchain based on addresses like what block explorers do then search it.
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Classic PayPal. Reminds me of this old but gold video of a user losing his funds to some random reasoning.
every single day there are thousands of people who are being scammed so easily by the PayPal chargeback option to the point that if you were a PayPal users now you would appreciate the immutability of bitcoin (that means no chargeback at all) a lot specially if you were a merchant.
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umm there is "bitcoin" name but there is no such thing as a bitcoin logo since bitcoin is not a company to have an official logo. different wallets used different designs by a graphic designer that holds the rights to their design or have published them on public domain which means nobody can claim ownership of them as a trademark or something like that!
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