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January 29, 2020, 12:07:39 AM *
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1  Bitcoin / Wallet software / Re: #BitcoinIsSafe & #WasabiIsSafe | false positives campaigns on: January 28, 2020, 09:45:22 AM
i don't want to be a wet blanket but this doesn't seem like a useful move to me. people shouldn't rely on their anti viruses in first place. as they have false positives, they also have the opposite (not recognize malicious software). example is all the fake Electrums that have been stealing users money over the past year.

But the movement is not only for experienced users like you. It's for the newbies, which the false-positives might discourage/scare from running harmless open source software "because their anti-virus said so". It's a hindrance.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees on: January 28, 2020, 09:33:20 AM

Dumbest idea ever... Sad
If these pools want to it...dont try to soft fork it in for " 6months"(which means 4eva)
The whole thing is shady, taxing miners forcing them to pay some shell company in Hong Kong !
I dont care who the Hong Kong group are or what they will do with the funds...they must not get paid this way..end of.

This TAX has no consensus and is trying to sneak into a future planned HF that had consensus....
Not Good and very sneaky.

I think another HF and split for BCH maybe coming...and a new ATL..

What's the lastest update on this drama?

It's the best example of the cartelization of miners working for their own interest at the expense of the whole network, because the network itself gave a reason/opportunity for the miners to.

3  Bitcoin / Bitcoin Discussion / Blockchain question for Bitcointalk on: January 28, 2020, 09:20:25 AM
Are mutable blockchains, blockchains or databases?

What makes a blockchain "a blockchain", and what makes "a blockchain" a database? Is there a technical answer to it, or is it philosophical?

I have read/listened to many debates about it, but it never arrived to a "correct answer". Is there an actual correct answer?
4  Economy / Speculation / Re: BTC could reach 6 figures (rational explanation) on: January 28, 2020, 06:01:16 AM

The next 10 years. It's safer, ask John McAfee. Cool

That guy is a joke. He has way more credit than he deserves.
I lost all respect, when I knew he got paid to create FOMO, by saying BTC would reach 1 million in 2020.

So be careful, there is also corruption in the crypto world. Some individuals in social media get paid to create FOMO & help create artificial rally's.

You didn't understand the joke. Gentlemand said 6 digits within the next couple of years. I joked for him to make a "safe" prediction, 10 years, and don't make the same mistake John McAfee did.

Looks that the next era after the halving will be the "make it or break it" point based on the premise if Bitcoin manages to rise to levels that make it an equivalent alternative for a store of value and an unit of account. All bets are on, at least mine.

Don't forget to take some profits along the way.

Reaching a certain high price level is flashy but if it doesn't stick around, and that seems mind bendingly unlikely, it doesn't mean much.

It won't magically pivot from bubblicious frenzy to a thoughtful and measured commodity without shitting itself into another coma somewhere in between.

If that high price was reached over 2-3-4 years of consistent growth then that's different but people are too prone to excitement still. If that's ever to happen it won't be anywhere near this cycle.

I'll make it short, But hashing power ATH.
5  Economy / Economics / Re: New York City Stores Must Accept Cash Council Says on: January 28, 2020, 05:50:41 AM

Cashless societies being progressive leftist movements. It is curious to see one of the most progressive and left leaning states in the entire USA adopt policies which buck the trend. Ditto with leftist progressive california mirroring these anti cashless society paradigms.

I don't suppose they're doing this to make life easier for illegal immigrants who may not have access to debit cards or bank accounts?

Digital, physical, what's the difference, if they would still be in control of the money supply?


If such is the case, someone could design and rollout a cryptocurrency which makes life for illegal immigrants easier. It could end up being the most quickly adopted crypto of all time, no matter how much electricity it utilized, how many animals were harmed or the ecological disasters it might have caused in the process.

Use Bitcoin! Why suggest a creation of another "cryptocurrency", which would be under their control? What are we here for?
6  Economy / Speculation / Re: Corona Virus will Impact the price of Bitcoin ? on: January 27, 2020, 11:41:44 AM
Around 50 people have died so far,in country with a population over 1.3 billion.Can this be considered "many people"?
^ this guy gets it

oh and in the same ~10 days.. 7000+ people died in china due to road collisions.. so should people abandon roads and are road accidents going to affect the btc price.......... um no


no one is fearing the car
Some people looks like overthinking about this Corona virus could be the factor causing end of this world after seeing some dramatic videos highlighting how the situation really similar to a zombie movie where the extinction of mankind is near lol.

We've been through similar case where a virus called MERS hit the world 10 to 15 years ago , and the virus has not been seen yet again now. Stop overthinking and correlates everything with the price of bitcoin itself.

The Saudi energy minister made a statement about the crisis, which makes it show that he's taking the corona virus very seriously. "Muh oil prices".
7  Bitcoin / Bitcoin Discussion / Re: Craig Wright claims , today will be the last day for Bitcoins. on: January 27, 2020, 11:27:28 AM
What do you guys this of this ?
Please "Don't make a Con Artist be famous" !!  every word that Craig Wright says about Bitcoin is "Trash".. so we don't need to take every statement of him seriously.  he is a con artist since he publicly stated that he is the real "Satoshi"

Checkout: He WAS made famous -he clearly didn t want to - now he makes the pace and most lost that

He didn't want to be famous by claiming himself to be Satoshi? He obviously wanted to be when he used Gavin Andresen for his publicity stunt.
8  Economy / Speculation / Re: Corona Virus will Impact the price of Bitcoin ? on: January 27, 2020, 08:22:31 AM
how do you even come up with things like this? what is next, someone farts and you link that to bitcoin price too. it is not 1347 and Corona virus is not the black death in Europe to kill that many people and have any impact on price of anything let alone bitcoin.

I was rolling my eyes too. Then I saw this tweet bearing the news,


Saudi energy minister says confident China can contain, eradicate new coronavirus

If he's talking about the corona virus, its effect on the global economy, and be worried on its effect on oil prices, maybe OP has a point.

Don't roll your eyes on me.
9  Economy / Speculation / Re: BTC could reach 6 figures (rational explanation) on: January 27, 2020, 05:26:44 AM

The only thing that'll make it happen is demand outstripping supply along with the gift/curse of market cap.

I can guarantee you that most of the people who make it happen won't care about hard money, government meddling or cross border freedom. They'll be after more dollars and nothing else.

I believe a good number of them will. Many of us came here because of greed, but stayed because a part inside wants to be part of something. Is it activism, a revolution? I don't know, but "something".


It's conceivable it could happen in the next couple of years. If it does I really hope it attempts to stick somewhere around that level but we all know it won't. Plan accordingly.

The next 10 years. It's safer, ask John McAfee. Cool
10  Bitcoin / Bitcoin Discussion / Re: Selling milk tea for Bitcoin on: January 27, 2020, 05:15:11 AM
I had a discussion with my parents earlier, saying that they want to start operating our milk tea food cart. We had the cart ready, materials for making the milk tea and so on. Instead of waiting for June or July until the new school building opens, we decided to put our business in a mall rather than the school sooner than later.

My dad was a traditional business style guy. He kept failing because of not being creative and innovative, and sometimes ignoring my suggestions and advice. However, this time, since I am into crypto and blockchain industry, he was thinking about displaying a Bitcoin QR code.

In the city that I lived, there were no businesses yet who accept Bitcoin payments. They do have QR codes, but mostly from a centralized provider and not crypto-related.

It would be a good payment option, but I wouldn't be optimistic if it would help in the success of your business. We need more HODLERS to have spenders.


I already have my mom's Bitcoin wallet verified, and may need to upgrade it to a Business account as it needs business permit and other requirements necessary. It'll be used for the business anyways.

I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?

I believe the current HODLERS will continue save their valuable Bitcoins, and use cash. Which is the right thing to do in my opinion.
11  Bitcoin / Bitcoin Discussion / Re: As expected THE LIAR, CLOWN 'John McAfee' backs down from $1M claim on: January 26, 2020, 10:32:27 AM
Hahaha! OP, are you disappointed because you won't witness a the spectacle of John McAfee eating his own penis, or sad that you won't be seeing a $1,000,000 price for Bitcoin?

It's easier for me to believe that bitcoin will cost $ 1 million than that John McAfee will eat his penis. Did anyone believe that he would keep his promise? John McAfee is used to being in the center, and it is with these statements that he achieves this.

We should be hoping! To help us plebs be distracted, and to help cope with our disappointment for not being get rich quick millionaires. Look at OP's disappointment! Hahaha.

12  Bitcoin / Bitcoin Discussion / Re: Craig Wright claims , today will be the last day for Bitcoins. on: January 26, 2020, 10:19:57 AM
Craig Wright claims.

Craig Wright also claims he doesn't own any keys, and doesn't expect to recieve any keys, simply because he doesn't own the keys. The troll.

Really? The real source says something different.

He just says he is not the trustee

But you are suggesting what? That simply, he is still Satoshi, and he's just letting everyone play in his troll wild goose chase? But for what?
13  Bitcoin / Development & Technical Discussion / Re: The Lightning Network FAQ on: January 26, 2020, 07:43:11 AM
Who among the consistent Lightning users here have been running a node, specialized specifically for routing transactions/providing liquidity, how long have you been running it, and what's the averge cost of running it?

I've been running one (C-lightning) for almost two years now, and it costs me barely nothing : just setup on top of my old computer which already ran core.
So it costed me a low end computer which I had for free (I'm in the process of changing it, but I'm not that well connected after all) and electricity cost for an idle computer.

The bigger cost is the coins to open channels.

Practically speaking, how long, do you believe, can you stake your Bitcoins, and altruistically continue running your node, rebalance channels, to provide liquidity without incentives?
14  Bitcoin / Development & Technical Discussion / Re: Taproot proposal on: January 26, 2020, 07:31:44 AM
I am not the most technical user on this board but I have the feeling this time everyone is well aware of how this improvement is for bitcoin protocol and segwit adoption path drama is a lesson learned on how to manage the BIP process: keeping everyone onboard and proceeding step by step is a way of gathering consensus on the proposal.
do you share this view?

really, I think that it's unfair to everyone to discuss attempts to de-rail this proposal before any such attempts have occurred. it's certainly ironic considering this thread has already been drawn into personality clashes, which the OP was unhappy with seeing as this is the dev & technical board (for which I share some responsibility, regrettably)

But, without intending to derail, what would be a good technical debate against this proposal? Is there one? I believe there's none, or else we would already hear about it from people like franky1.
15  Bitcoin / Bitcoin Discussion / Re: Craig Wright claims , today will be the last day for Bitcoins. on: January 25, 2020, 10:42:09 AM
Craig Wright claims.

Craig Wright also claims he doesn't own any keys, and doesn't expect to recieve any keys, simply because he doesn't own the keys. The troll.

16  Economy / Trading Discussion / Re: What are the most popular cryptocurrencies for investors? on: January 25, 2020, 09:02:32 AM
OP, I admire the effort, but the app showed that everything in the "blockchain world" is a popularity contest, or a race on who scams the plebs the most.

Plus popularity, with Bitcoin Cash and Bitcoin Cash SV, should not be equal to if it is owned by users. Because Bitcoin users with old UTXO do already own them.
17  Bitcoin / Bitcoin Discussion / Re: Peter Schiff's Bitcoin wallet mystery is solved on: January 25, 2020, 08:45:35 AM
There he go.

Now I think something is proven to him.
Don't say bad things when you are angry.
Calm down and do your work. Now, what will he say to the bitcoin technology. I bet he should heal those scars that he gave.
He cannot say he is sorry. Making up for those bad things that he said should be the first thing he should do.
Hype bitcoin!!!  Cheesy

Thanks for the news as I have never used Twitter. Merit.

The feedback he got from his original tweet, which was a lie, was negative, and his true intentions were very clear. The tweet in the OP about what "he discovered" was to save himself from further embarassment in my opinion.
18  Bitcoin / Development & Technical Discussion / Re: Taproot proposal on: January 24, 2020, 08:36:19 AM
This would clearly be the biggest Bitcoin update since Segwit on 2017. Are there some people within the community who are against it?

I hope no more drama ensues. Haha.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: Proof of Stake technical dicussion on: January 24, 2020, 08:24:42 AM
Proof Of Stake isn't suitable for a "cryptocurrency". To avoid endless quoting and repeating, here is a great summary by Andrew Poelstra about why it is not.

Interesting enough the main lie repeated in said article is one made by GMaxwell.

The Nothing at Stake Myth is Literally a Nothing to Gain.

Stop it.

Nope, it is truthful, ask someone to explain to you what they think they would gain from it.
And I 'll explain why it wastes their time.

It's not a "myth", but a theory. Refute, but no mudslinging/name-calling. We're to learn and find answers.



The Facts are you need a Multistaking Client to even attempt a N@S,
no one has written one, because people that looked at making one realized it would create a PoW style system which actually gains the user nothing but wasting computer resources.

OK, let's be constructive. Explain that, or post links about that.

PoS coins are designed to run on a single chain and follow the stronger chain, which is the one with the most coins and the oldest age.

How does POS consider the strongest chain? Most stake? What stops a group of attackers to collude with most of the "stake", and create healthy looking chains they control?


A entire design change has to be made to make a client run on staking on Multiple chains at the same time, trying to game a single chain

In theory, it's impossible to make this multi-chain client? Honestly, it's the first time I've heard of it, I will ask around about this.


like I said earlier it actually converts PoS into a weird PoW  that constantly gobbles up CPU & memory.

By how much? .00000000000001% of the cost of an attack on Bitcoin?


It is like this, say you are calculating a reality, which requires a % of CPU and Memory, now calculate paralleled realities for each fork that you are trying to dominate with your staking resources out to say 100 future blocks with each of those having parallel forks.
With every new parallel fork calculation your CPU & Memory requirements increase exponentially, evolving into another wasteful version of proof of work.

OK, then we're in agreement that POW-style incentives + the game theory works?
Actually explaining that endless calculations that have very little meaning or use are just a waste of resources.

You're trying to imagine Game Theory will protect bitcoin ,
and it would if bitcoin was the only network the miners could mine.
But since the Miners have access to mining multiple networks, they will be true to their greedy nature and play them against each other,
untiil they decide for certain which one gives them personally the most profit.
Which due to the decreased rewards and ever growing reliance on transactions fees,
the transaction fees profit will lead the miners away from bitcoin as LN will dominate it's fees.

Your theory. OK.



The Majority of PoS coins Destroy the Transactions fees, so dominating a PoS chain won't earn you anything extra.
Your rewards are all you get, and that is fixed by the code and time, even if multistaking was not insanely stupid waste of resources their is literally nothing to gain from it.

What about another POS coin killing the competition?

PoW will destroy itself, due to miner greed and energy waste,
it was a failed design the moment ASICS were introduced and the poor blocked from mining.

No, I was asking, what about a competing POS coin attacking another POS coin?



So let's end this stupid myth,
Gmax why don't you write a Multistaking PoS client and destroy all PoS coins,
Surely that will raise the price of all PoW coins for all PoW holders.
Unless of course you like to admit you were wrong.   Kiss

It's not a myth, it's a theory that SHOULD be explored in my opinion.

Funny , how the guy who came up with the so called theory , has done absolutely nothing to make it happen in ~6 years.
I mean he could kill ethereum overnight , if he can release a multistaking client for it.
But yet he sits on his hands, maybe you should ask GMAX directly why he does not write one to totally end the PoS/PoW debates.
* Because it won't do anything but waste his time.*

I will say it again, it's a theory that should be explored, and discussion open-ended. Why are you mad? It's not a personal attack vs. you.



If one really studies the PoW verses PoS debates.
One thing they learn is PoW has to end rewards and switch to a Transaction fee based economic model.
*Which causes all kinds of problems for miner profitability , due to the winner take all design in PoW.*

There's no written rule, Dogecoin has infinite supply. Unpopular opinion, but I believe Bitcoin could hard fork, and change supply rules IF there was consensus.

It is Satoshi's rule for bitcoin, and he wrote it directly in the code.
And if you want to see the results of endless rewards and why it is a failure,
look at mooncoin or newyorkcoin, both PoW coins.

Is Satoshi, God?

Mooncoin and NYcoin failed because of other reasons. Look at the names of those coins. Roll Eyes


Core Devs seem to weak to hard fork , otherwise they would have hard forked segwit , which would have been a lot smarter than what they did with the soft fork retardation.

Another discussion/debate for another topic.


In PoS, Ultra Low Inflation Rewards can continue forever and by burning all transaction fees to keep supply in check.
This also allows a low fixed transaction fee model in PoS which is impossible in a PoW model that needs ever increasing fees to offset the loss in their winner take all ever increasing energy wasting design.

I believe the pro-POS have also never proven convincingly that long range/nothing at stake attacks are impossible too. It's an open debate.

You can open debate anything, but PoS has been here since 2013.

With most of them having trusted-3rd-party checkpoints. Why? What do they fear?


Nothing at Stake has been a Nothing to Gain , which is why in 7 years their have been no N@S attacks whatsoever on any PoS coin.

In theory a competing POS coin will gain if they attack another POS coin.


Long Range History attacks can happen to a weak PoW or a weak PoS coin,
any coin with any strength will easily block long range attacks.

N@S nonsense myth and Long Range History attacks are two different attacks

It's a merely theory, until something happens. Cool
20  Economy / Speculation / Re: Buy every dip! on: January 24, 2020, 07:58:28 AM
Remember, we should be checking Bitcoin's price, merely to see by how much its purchasing power is against fiat currencies. Plus the more the Feds/Central Banks print fiat, the more it's a positive for Bitcoin.

Buy the dip, and? Cool


Indeed, despite scores of warnings about the alleged dangers of low inflation, the drumbeat of statistics and other reports citing the deteriorating character of U.S. household finances leads one to question exactly what impact the Federal Reserve thinks that raising prices by several percentage points would have on tens of millions of families.

Contrarily, bitcoin’s limited supply has always been a draw for investors and spenders cognizant of the effects of inflation on purchasing power. With the rate of production of bitcoin via mining taking place at a rate less than the Federal Reserve’s stated target rate (and possibly less than the real rate of inflation), in May 2020, bitcoin may have economically incontestable reasons to become a legitimately competitive store of value versus most of the other world currencies. Part of that, of course, hinges critically upon

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