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1561  Bitcoin / Bitcoin Discussion / Re: Bitcoin forks on: February 01, 2020, 03:37:26 PM
~~~~~~~~~~~~~~~~~~~
A fork of bitcoin
Shadow-boxing in the breeze.
There is no use-case.
~~~~~~~~~~~~~~~~~~~

there is and it is called pump and dump, at least for majority of them this is their only use case. there are a couple of others that are made to scam people for example the ones that spread malware such as BTG so that they could steal user's bitcoins. or BCH that is fooling newbies.
1562  Economy / Service Discussion / Re: What is the best way of selling small amount of bitcoin to tether? on: February 01, 2020, 03:28:07 PM
These exchanges are not really decentralized, but most of them don't require any KYC/registration: https://bitcointalk.org/index.php?topic=5218464.msg53632740#msg53632740

thanks for the list, i had only heard the name of 2 of them!
i think for the wallet i am going to try what squatter suggested with MyEtherWallet  and the tether tokens instead, that sounds like a more reasonable choice than Omniwallet to me since there is no account per se.
1563  Economy / Speculation / Re: I see a dump approaching, do you? on: January 30, 2020, 04:11:23 PM
dump? not at all
a small drop maybe? possible.
can anybody predict it? absolutely not Cheesy

the thing is that we are again at a point where it becomes impossible to predict which way the market is going to go. if price starts going higher we can easily see a much bigger jump passing through $10k and shooting above it. but if 10% resists then we can see a drop to get ready again. however this "drop" is not a dump, it will be something like going to $8900 then coming back up again.
1564  Bitcoin / Development & Technical Discussion / Re: Using HASHSIG_NONE and HASHSIG_SINGLE on: January 30, 2020, 03:52:33 PM
then the other parties that are responsible for spending  set the destination (like paying the employees each 0.01BTC) and provide at least one signature with SIGHASH_ALL.
Hey, I didn't understand this, why other parties provide one signature with SIGHASH_ALL?

as i explained when you sign with SIGHASH_NONE you are not setting any destination for the coins you are spending, as the result anybody can set the destination (output) and receive the coins. so in the scheme i outlined above, at least one of the signers has to sign everything (namely the outputs) so that they can't be changed. to sign everything you have to use SIGHASH_ALL.
1565  Economy / Service Discussion / What is the best way of selling small amount of bitcoin to tether? on: January 30, 2020, 03:47:23 PM
i'm looking to exchange a small amount of bitcoin to tether but i have never done this before in anywhere other than a regular exchange which i don't want to use this time. i am looking for a more decentralized way in a site like shapeshift for example that doesn't require KYC or any kind of registration.

additionally do you know any tether wallet i could use to receive and then send it later locally that also doesn't need signing up on a website or KYC,...?
1566  Bitcoin / Bitcoin Discussion / Re: The profitability and effort put into different ways of earning bitcoin on: January 29, 2020, 02:02:01 PM
i disagree with most of the things in that chart!
for starters HYIP, gambling and a lot of things that are categorized as "micro earning" such as faucets are not ways to earn bitcoin at all.
HYIP is an obvious scam that you only lose money in so it can't even be in this category.
gambling is also not a way to "earn" money but it is instead a way to "spend" money.

as for effort:
mining doesn't have "high" effort. you just invest and maintain the equipment, there is no much else to do. the equipment (ASIC or gpu rigs for altcoin mining then dumping for bitcoin) does it automatically.

owning a faucet is also definitely not "high" profitable at all. and it is medium effort at best.
1567  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: January 29, 2020, 01:50:35 PM
the site used to have a lot of promotions for deposits that gave golden tickets almost every week but i have not seen any for a while now (maybe 2 months?). did it stop doing them for this round of the Lambo lottery game or am i just getting unlucky and missing all of them?

We stopped doing it because people were abusing it by depositing and withdrawing the same coin over and over again for 48 hours.

i suspected that it had to have to do something with abusers. sad that there are some people that ruin it for everyone...
maybe it could be changed to reward to only one deposit per user per week.
1568  Bitcoin / Bitcoin Discussion / Re: How to break down UTXOs for cold storage (what sort of values?) on: January 29, 2020, 01:33:55 PM
and if that kind of privacy is important to you then splitting makes sense otherwise i can't think of any reason.
Security would be a reason to split them. 5 BTC in one address, be that a paper wallet or an airgapped device, is a single point of failure or a single point of theft for your entire holdings. I would split it in to at least a couple of parts, spread across different paper wallets or airgapped devices.

true but it adds a lot of unnecessary complications in my opinion. you'll have to do the same process multiple times and encrypt each paper wallet with a unique complicated (strong) password and backup that password too. so you'll soon end up with a pile of papers that you need to store in different places.

not to mention that finding a safe place to hide the paper wallet is another issue. where shold it be hidden? at home? at someone else's home? can you trust them? in a safety deposit box? how much will it cost to store each in a different one? does the cost justify the result?...
1569  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: January 29, 2020, 06:06:44 AM
the site used to have a lot of promotions for deposits that gave golden tickets almost every week but i have not seen any for a while now (maybe 2 months?). did it stop doing them for this round of the Lambo lottery game or am i just getting unlucky and missing all of them?
1570  Bitcoin / Electrum / Re: Using electrum wallet on: January 28, 2020, 05:40:43 PM
Since he already has a wallet, I think that he will have to start Electrum, then File->New/Restore, Standard wallet -> ....

that is the route for only when you want to create a new Electrum wallet either with seed or an empty one where you can import the key into. OP seems to want to sweep his key which is the more secure option so he has to link his hardware wallet there, get an address and send the funds there from that key.
1571  Economy / Speculation / Re: Bitcoin is officially about to enter bull market, guys your thoughts... on: January 28, 2020, 05:02:18 PM
i don't consider short term ups and downs as bull or bear market so i disagree with saying "bitcoin entered bull market" because bitcoin entered bull market a year ago when it first broke the $4k resistance and a big freak out aka FOMO occurred, we have been experiencing the bull market ever since that day which ended with more than a 250% rise. this is just the continuation where both the speed and size of the rises on each step increases.
1572  Bitcoin / Bitcoin Discussion / Re: How to break down UTXOs for cold storage (what sort of values?) on: January 28, 2020, 04:06:42 PM
Say in 5 years I want to send someone 0.05 BTC wouldn't they see I have 5 BTC (now 4.95).

yes they will see what input you spent which would tell them the amount you had and where you sent the remainder to. and if that kind of privacy is important to you then splitting makes sense otherwise i can't think of any reason.

just remember that if you decided to do that then don't use single key cold storages like a private key printed on a paper. use a deterministic wallet for example you can generate a wallet using Electrum and print the seed phrase. then split your bitcoin among multiple addresses. this way you only have to backup one thing and in the future when you spend X amount of coins your change address is also recoverable using the same seed backup.
1573  Bitcoin / Development & Technical Discussion / Re: 51% Attack on: January 28, 2020, 03:58:53 PM
1) they can destroy or simply cut off the network some of these huge mining farms so hashrate would drop
2) they can use these mining farms in any way (rent them, command them)
both of these  depend on how big a hashrate mining farms have. for example if there were a mining farm with 60% or even 30% of the hashrate then it could cause a lot of problems in short term until difficulty adjusts but when mining farms have 1-5% it won't matter.
i don't believe there is any single farm that has a big enough hashrate that its shutdown could cause any trouble for bitcoin.

Quote
3) the hash rate maybe not constantly grow after 2 more halvings
that would be pure speculation about price. but apart from that if hashrate doesn't grow that means bitcoin price isn't going up and that means it stopped growing in which case there is no incentive for government to attack something that is not even growing!
1574  Economy / Speculation / Re: 2020 price predictions on: January 26, 2020, 05:18:07 PM
this is simply a list of random people making random guesses for their own benefit they are either owners of some bitcoin related business or some random idiots on the internet (like that dude from Youtube who you call "influencer") who don't have any clue what they are talking about and are just trying to gain some attention.

they are all making a bet with excellent odds too. bitcoin is on the rise and currently in a bull run that started a year ago and predicting a big rise doesn't really need any expertise.
1575  Bitcoin / Development & Technical Discussion / Re: How to Create Bitcoin Transactions from a Server on: January 26, 2020, 04:29:53 PM
{snip}
Is there any examples/documentations for this? Electrum's documentation doesn't seem to have the info.

there is the electrum docs here: https://electrum.readthedocs.io/en/latest/merchant.html that contain the needed information to start accepting bitcoin as a merchant using Electrum. it mainly explains accepting payment but the principle is the same for sending payments too.
there are also some articles on the internet that you can find in google search for keyword "bitcoin" + "electrum" + "merchants". i haven't used any of them so i can't recommend any.
1576  Bitcoin / Bitcoin Discussion / Re: Let's talk about bitcoin's image on: January 26, 2020, 04:02:57 PM
In this forum, we might all agree that POW is the most robust way to trustlessly secure decentralized digital cash transactions.
i disagree. PoW works well for bitcoin and will continue that way because of its decentralization and the fact that the hashrate keeps on growing and currently it is at a stage that it costs a ridiculous amount of money to control a small percentage of the hashrate.
otherwise PoW on its own in general is not a magical solution to secure any cryptocurrency. you can take a look at dozens of altcoins that were 51% attacked including those with moderately high hashrate like bcash that one or two entities control nearly the entire hashrate.

Quote
But is the community aware of the extent the corporate world largely attempts to undermine those notions? Bitcoin could suffer from collateral damage if this disastrous brainwashing keeps propagating a dotcom style bubble around blockchain. Shouldn't we be doing more to divert corporate enthusiasm about blockchains towards an actual blockchain? I would go as far as to argue that informing the public is a responsibility of experienced cryptocurrency users.
what you refer to as "brainwashing" has been happening ever since bitcoin was created. it has been under constant attacks and there are thousands of FUDs against it. all the while it keeps on growing without taking any effects from any of them.

"bitcoin's image" isn't what some 89 year old elderly, a bankster or some random idiot on twitter says. the real "bitcoin's image" is a network that has been running for 11 years with a growing user base, rising price and is currently handling millions of dollars worth of transaction per day without fault.
1577  Bitcoin / Bitcoin Discussion / Re: [D-8] Bitcoin is getting 3 major upgrades - Schnorr, Taproot and Tapscript on: January 26, 2020, 03:52:00 PM
There hasn't been a significant upgrade to Bitcoin since SegWit, but I gather there is likely to be a soft fork later this year to introduce these 3 enhancements. I've already posted a thread about Schnorr signatures, and how they can improve block packing, but what about Taproot? I believe that these changes will help Bitcoin along its path to maturity and acceptance by investors. What do you think?

BIP 141 was posted in the very end of 2015, and it took us 1,5 years to see SegWit activated - BIPs 340-342 were posted just recently, and I have a feeling they will take much longer to become a part of the protocol, and there's even a chance that some might never get accepted, or it will take much longer than expected. These changes have bigger scale than SegWit, so the devs will need more time to review and test them.

i don't think it is that recent though.
Schnorr related discussions existed around the time of SegWit and the BIP was actually created last year in July and has been discussed and improved ever since. you can see it here: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2018-July/016203.html
it was only recently that the final draft was added to the "bitcoin account" on github.
1578  Bitcoin / Bitcoin Discussion / Re: Pet shop want to become a bitcoin exchange? on: January 26, 2020, 03:40:18 PM
you are talking about two entirely different things.
accepting bitcoin is just like starting to add a new payment method. like not accepting credit cards and now doing so. you just learn a little about what bitcoin is and how things work and what risks there are and then create your own wallet and start accepting payments through bitcoin.

becoming an exchange is an entirely different thing. you basically want to start a brand new business that you probably have no experience in since your job has been something else. so first of all your chances of success are very minimal and secondly you have to initially spend a lot of money and have a large capital to start a decent exchange for the cost of creating it, security, maintenance, advertisement and more.
1579  Bitcoin / Development & Technical Discussion / Re: How to Create Bitcoin Transactions from a Server on: January 26, 2020, 03:34:10 PM
Quote
That being said, Electrum offers JSONRPC and you can easily integrate that with your code. There's some examples here[1].

That's accepting bitcoin, however what I want is to send bitcoin to users.

you can do both with Electrum JSONRPC. the commands support both creation and signing of transactions from your keys with commands such as "signtransaction()" and then you can broadcast them using "broadcast(tx)".
1580  Economy / Speculation / Re: Still confusing. Economic/War crisis vs Damand. Which one is to boost Bitcoin$? on: January 24, 2020, 03:38:06 PM
Bitcoin prices sometimes soars so high due to certain matter like speech from a figure.

to this day there has only been a handful of "speeches" that only affected the price a little bit. there has never been any significant case such as "soaring" because of it.

it is understandable too because although the market may have many newbie participants but the majority of it are not idiots to jump at whatever someone said.
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