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Question: What happens first?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25251675 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13 users deleted.)
bitserve
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December 27, 2018, 11:30:03 PM

^
No, I see that there are bug in all hardware wallets.

Then you are trusting a much more vulnerable device: You computer plus all its software, including the software wallet. While perfect security doesn't exist, that choice is orders of magnitude more risky than using a hardware wallet as an additional protection layer.
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Last of the V8s
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December 27, 2018, 11:30:32 PM

gregory maxwell is some sort of bitcoin developer
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December 27, 2018, 11:32:29 PM

Opppsss  Cool

I did not expect it to become a technical thread, I'm sure I'll move it to Development & Technical Discussion.
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December 27, 2018, 11:33:25 PM

Wow, it's true. That must be some sort of record for a first ever thread lol
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December 27, 2018, 11:35:55 PM

^
No, I see that there are bug in all hardware wallets.

Then you are trusting a much more vulnerable device: You computer plus all its software, including the software wallet. While perfect security doesn't exist, that choice is orders of magnitude more risky than using a hardware wallet as an additional protection layer.
safest http://trilema.com/2013/how-to-airgap-a-practical-guide/
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December 27, 2018, 11:36:02 PM

Wow, it's true. That must be some sort of record for a first ever thread lol

What do you mean?
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December 27, 2018, 11:38:29 PM

Wow, it's true. That must be some sort of record for a first ever thread lol

What do you mean?

I mean the same that V8 has said... That it is a great accomplishment to have attracted someone like gmaxwell to comment on your thread, more so considering it was your first one Smiley
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December 27, 2018, 11:40:15 PM

WO,s Philosophizing all day, and work? Wink

OBSERVER:

This can be serious:

Be attentive those who have hardware wallets, Trezor and Ledger.

Trezor One Wallets Forgery Reveals New Techniques Used to Steal Crypto
https://cointelegraph.com/news/trezor-one-wallets-forgery-reveals-new-techniques-used-to-steal-crypto

Hardware Wallet Attacks Demoed at 35c3 Conference
https://bitsonline.com/wallet-fail-team-hardware-wallet/

Old news. The obvious conclusion is:

- Order your hardware wallets directly from the manufacturer.
- Try to avoid third parties from having unlimited physical access to your hardware wallets. <- This risk is only theoretical though... but a good security practice in any case.

...or don't use a hardware wallet in the first place and learn how to sign offline transactions without it. I'll never trust some device with my private keys, sorry. Might as well leave them on Coinbase if that was the case. At least I would have a legal claim if they lost them.
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December 27, 2018, 11:41:07 PM

Many WO,s have participated in the thread, this is important for me.
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yes


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December 27, 2018, 11:41:25 PM
Merited by El duderino_ (1)

Some links to serious 2018 Bitcoin articles: https://twitter.com/KnutKarnapp/status/1077570482680053765?s=19

In case you missed it  Cool
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December 27, 2018, 11:45:18 PM

WO,s Philosophizing all day, and work? Wink

OBSERVER:

This can be serious:

Be attentive those who have hardware wallets, Trezor and Ledger.

Trezor One Wallets Forgery Reveals New Techniques Used to Steal Crypto
https://cointelegraph.com/news/trezor-one-wallets-forgery-reveals-new-techniques-used-to-steal-crypto

Hardware Wallet Attacks Demoed at 35c3 Conference
https://bitsonline.com/wallet-fail-team-hardware-wallet/

Old news. The obvious conclusion is:

- Order your hardware wallets directly from the manufacturer.
- Try to avoid third parties from having unlimited physical access to your hardware wallets. <- This risk is only theoretical though... but a good security practice in any case.

...or don't use a hardware wallet in the first place and learn how to sign offline transactions without it. I'll never trust some device with my private keys, sorry. Might as well leave them on Coinbase if that was the case. At least I would have a legal claim if they lost them.


While I do appreciate the added security of signing transactions fully offline you could also do it with a hardware wallet for complete paranoia. Hardware wallets are basically an intermediate step between signing from a completely offline computer vs using a software wallet on an online pc. Every need might have different solutions depending on risk/amount. What I would never use for anything except play money is an online software wallet. And there is people still using them.
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December 27, 2018, 11:47:00 PM
Last edit: December 27, 2018, 11:59:05 PM by jojo69

Many WO,s have participated in the thread

just stop, you are embarrassing yourself
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December 27, 2018, 11:50:30 PM

hey vb1001 notbad getting gmax in yer thread Cool
mind you franky1 lol Roll Eyes

yes, there may be a good debate...

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December 27, 2018, 11:53:07 PM
Last edit: December 28, 2018, 12:10:16 AM by VB1001

Many WO,s have participated in the thread, this is important for me.

just stop, you are embarrassing yourself

I mean the thread of > https://bitcointalk.org/index.php?topic=5080565.0

What is the problem?
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December 28, 2018, 12:00:43 AM
Merited by criptix (1), infofront (1), Arriemoller (1), bitserve (1)

Roach see a doctor, you might have paranoid schizophrenia. You have so many wild theories, all over the place.

 After doing much research into Roach's personal life for the new screenplay of his love story with Gembitz I can confirm this diagnosis. We will cover this in the movie trilogy. This is a very sad mental disorder and one of the worst things that can happen to a person(almost as bad as trading all your bitcoin for silver in 2015 Cry). Will the love and rimjobs of Gembitz help nurture Roach back to sanity??? Will Roach's love and dedication to Gembitz help him with his tics, gender identity issues and shitcoin habit???  How will Roach handle finding out Gembitz lost her virginity to a black man??? Is Roach gay because his lover Gembitz has a penis on top of her vagina???  Shocked Are traps gay???
 https://www.youtube.com/watch?v=WK0dp0bpiYc What will happen when they visit Israel for the first time to meet Roach's grandparents??? Stay tuned.


Oh yeah, rounding bottom playing out perfectly. Bottom shorters need to bleed a whole lot more.

https://tradingsim.com/blog/rounding-bottom/

Here is a sneak peak at the historically accurate biographical screenplay of Gembitz's life before he meets Virgin Roach at the 100k party and both eat eachothers ass and start a twisted love affair between two mentally disturbed freaks.

Gembtiz was born to a Jewish family in Miami Florida. The birth was normal except for one small problem which her parents tried to ignore and never explained to their daughter Gembitz what it was.......

 Fast forward to Gembitz attending a sleepover party with several girls from her school she was frenz with. At this party began a game of truth or dare that would change Gembitz's life forever and send her into a downward spiral of insanity and shitcoinery. Gembitz's best friend Susie had a few boys sneak over to her slumber party bc her parents were out of town. Gembitz had a crush on a young black boy named Tyrone. Susie dared Gembitz to pull her panties down and flash everyone and Gembitz reluctantly complied with the dare. When Gembitz pulled down her panties a gasp was heard in an otherwise silent room, then Tyrone screamed

 "What the fuck is that......Huh!!!!"

 Susie was in shock and stammered while screaming

"OMG ITS A WEEEEE A WEEEEE A WEINER!!!! Shocked Shocked

Soon everyone was yelling Weeeeeee!!!...Weeeeeeeeee!!!....Weiner!!!! in uproarious laughter.


Gembitz was in complete shock and horror as her life and sanity were shattered in that moment. Every time she went to school kids would yell Weeeeeee!! Weeeeee!!! They wouldnt say weiner but just used Susies infamous stammer reaction of weeeee, because the teachers just thought they were being silly. Gembitz quit speaking and was soon taken by her parents to a counselor. After much therapy Gembitz was able to speak in broken incomplete sentences, mostly incoherent gibberish, and she would end most sentences with Weeeeeee. It had become a nervous tic she could not control.  Cry

Hope you all enjoyed the first few scenes of the movie. Stay tuned for more!

WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!

WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!! Wink Cheesy

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December 28, 2018, 12:19:59 AM

we're fucked

yep, no dinner, no flowers, no romance...just slam/bam/ thank you, chump...

BTC moon, won't return my calls...I was used...

(not even allowed to feel pretty with the current BTC price...alas!)



You persist on the negativity don't you?

Ok, I will join.... yesterday I received the news of a (once in a lifetime) opportunity that I could have taken advantage of if Bitcoin were still over $10K. Timing sucks. But such is life... we need to move on.

Really, stop complaining. AFAIK, Bitcoin has treat you very well.

sheesh... I try to lighten the mood with some 'dark humor' and I get beat up Smiley

ok.. I suppose that is fair...

it is 'too soon' I will refrain...
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December 28, 2018, 12:32:19 AM

I just watched again Back to the Future. I am now seriously thinking of building a time machine in my garage. If you wake up tommorrow and see bitcoin worth $1mil, that's because I went back and bought (mined) millions bitcoins. Don't worry, I am not going to dump all to 0  Tongue But seriously, what do you think the price will be, say in Dec. 2021? (Hint. In Dec. 2016 the price was 700, in Dec. 2017 - 20K).


2021..... Lets say it Will be alive/healthy and well, price Will follow that direction
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December 28, 2018, 12:39:20 AM

Into the HODLdungeon for the night....
Mmmm noticed a missing goldenKIDcoiner in here
F*** it he probably closed that 80X long, shirtjes our asses 90X just after Xmass .... cashed out and sit on a stack of luxury on Some tropic island waiting for us suckers to wait +- 1-2-3-4 years for 100k coins to go to that 100K party.....
With other Words he already took the shortcut and is just waiting for us Wink
Good night
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December 28, 2018, 01:25:52 AM

OMG! Seems like all the gold R0ach is hodling will soon be worthless:

Breakthrough: Chinese Scientists Turn Copper Into 'Gold'

https://www.zerohedge.com/news/2018-12-23/breakthrough-chinese-scientists-turn-copper-gold

We already covered this topic.  It doesn't have any effect on silver, and I'm in silver, not gold:

1)  The main application this copper alloy or whatever you want to call it seems to be useful for is oxidation resistance

2)  Gold's main use in manufacturing seems to revolve around oxidation resistance.

3)  Silver's main use is NOT oxidation resistance because silver reacts with sulfur in the atmosphere while gold doesn't.

So, assuming creating this stuff is actually economically viable or the process is even real, it seems like it's only real effect would be copper taking some of gold's industrial use market.  Copper is already used instead of silver in most electricity transmission applications due to price, so there's really nothing that's even possible to change in that regard.  All the speciality cases that require the increased conductivity of silver over copper remain completely unchanged.
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December 28, 2018, 01:35:20 AM

https://lists.linuxfoundation.org/pipermail/lightning-dev/2018-December/001752.html
Quote
Conclusion
==========

HTLCs allow creation of American Call Options.
The same HTLCs are used in Lightning Network to route across channels.
If using a single asset, there is no issue related to time.
Regardless of the value of bitcoin relative to any other asset, in the future, 1 BTC is 1 BTC.

However, across assets, the ability of HTLCs to create American Call Options becomes troublesome.
These can then be exploited to earn money from exercise of the option.
Further, because Lightning UX would be degraded otherwise, payment failures are free (gratis), leading to the American Call Options also being free of premium.
This means that creating such options would be riskless, allowing potential earnings upon any strong volatility of exchange rates.

This implies that a multi-asset Lightning Network may not be economically viable.
Instead, Lightning Network would strongly prefer having a single asset across the network.
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