Bitcoin Forum
May 25, 2022, 12:12:50 PM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Price prediction for the May 21 weekly close:
<$20,000 - 7 (8%)
$20,000 - $22,000 - 0 (0%)
$22,000 - $24,000 - 2 (2.3%)
$24,000 - $26,000 - 3 (3.4%)
$26,000 - $28,000 - 7 (8%)
$28,000 - $30,000 - 12 (13.8%)
$30,000 - $32,000 - 20 (23%)
$32,000 - $34,000 - 8 (9.2%)
$34,000 - $36,000 - 6 (6.9%)
$36,000 - $38,000 - 3 (3.4%)
$38,000 - $40,000 - 2 (2.3%)
>$40,000 - 17 (19.5%)
Total Voters: 87

Pages: « 1 ... 24477 24478 24479 24480 24481 24482 24483 24484 24485 24486 24487 24488 24489 24490 24491 24492 24493 24494 24495 24496 24497 24498 24499 24500 24501 24502 24503 24504 24505 24506 24507 24508 24509 24510 24511 24512 24513 24514 24515 24516 24517 24518 24519 24520 24521 24522 24523 24524 24525 24526 [24527] 24528 24529 24530 24531 24532 24533 24534 24535 24536 24537 24538 24539 24540 24541 24542 24543 24544 24545 24546 24547 24548 24549 24550 24551 24552 24553 24554 24555 24556 24557 24558 24559 24560 24561 24562 24563 24564 24565 24566 24567 24568 24569 24570 24571 24572 24573 24574 24575 24576 24577 ... 30797 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25638273 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. (168 posts by 4 users with 9 merit deleted.)
fabiorem
Sr. Member
****
Offline Offline

Activity: 1372
Merit: 340


View Profile
July 30, 2019, 02:20:40 PM

I suspect that such a wallet (belonging to Satoshi or a close friend of his, and in the possession of CSW) may not even exist, and it may all be CSW spreading fear and misinformation, which is what he usually does, has done many times in the past, and is something that fits his character and methods very well (I know, your grandma taught you to ignore human behaviour, but...), so all is good in the BTC camp.


There is another theory: the first million coins cant be moved, due to being part of the protocol. They were created to secure mining, so even if the password is cracked, they wont be moved.
1653480770
Hero Member
*
Offline Offline

Posts: 1653480770

View Profile Personal Message (Offline)

Ignore
1653480770
Reply with quote  #2

1653480770
Report to moderator
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2488


<<CypherPunkCat>>


View Profile WWW
July 30, 2019, 02:24:36 PM

This thread is so quiet at the moment.

**Sighs**

Oh, I do miss the excitement of a mid to peak bull run. I’m always here, reading but I don’t really have much to post about in this thread atm Cheesy

Apart from that there is not much movement in the price, it is also vacation time, many are on the beach with their girls taken caipirinhas.
LFC_Bitcoin
Legendary
*
Offline Offline

Activity: 2814
Merit: 6672


One of the world's leading Bitcoin-powered casinos


View Profile
July 30, 2019, 02:44:03 PM

This thread is so quiet at the moment.

**Sighs**

Oh, I do miss the excitement of a mid to peak bull run. I’m always here, reading but I don’t really have much to post about in this thread atm Cheesy

Apart from that there is not much movement in the price, it is also vacation time, many are on the beach with their girls taken caipirinhas.

I need to book a beach holiday, thinking about the Caribbean in maybe February. I have a small trip to Amsterdam next week though where I will meet the goose & cryptoqueeen.
Cryptotourist
Hero Member
*****
Offline Offline

Activity: 1092
Merit: 738


Homo Sapiens Bitcoinerthalensis


View Profile
July 30, 2019, 02:49:10 PM

There is another theory: the first million coins cant be moved, due to being part of the protocol. They were created to secure mining, so even if the password is cracked, they wont be moved.


I'm aware that this applies to the genesis block only.
Maybe wrong, but it looks like they are movable, at least from block height #9:

https://www.blockchain.com/btc/address/12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S

The theory doesn't make much sense tbh.

#

Troll with me brothers. Grin
_javi_
Hero Member
*****
Offline Offline

Activity: 948
Merit: 582


Still a manic miner


View Profile
July 30, 2019, 03:06:26 PM
Merited by LFC_Bitcoin (1)

This thread is so quiet at the moment.

**Sighs**

Oh, I do miss the excitement of a mid to peak bull run. I’m always here, reading but I don’t really have much to post about in this thread atm Cheesy

Apart from that there is not much movement in the price, it is also vacation time, many are on the beach with their girls taken caipirinhas.

I need to book a beach holiday, thinking about the Caribbean in maybe February. I have a small trip to Amsterdam next week though where I will meet the goose & cryptoqueeen.

If you are looking at Caribbean beaches, beware of sargassum (seaweed). It can ruin your holiday.

I booked at Seven Mile Beach at Cayman for next february. That beach is top ten in the world, and confirmed sargassum free. Not cheap though.
VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2488


<<CypherPunkCat>>


View Profile WWW
July 30, 2019, 03:12:31 PM

I have a small trip to Amsterdam next week though where I will meet the goose & cryptoqueeen.

This sounds great. Wink
Dabs
Legendary
*
Offline Offline

Activity: 3234
Merit: 1885


The Concierge of Crypto


View Profile
July 30, 2019, 03:17:50 PM
Merited by El duderino_ (2), vapourminer (1), cAPSLOCK (1), JayJuanGee (1)

Only the coins from the genesis block can not be moved. That may or may not be true about forks or altcoins. This is due to some bug or feature as moving the coins from the genesis block coinbase transaction wasn't something expected.

What can be moved are any coins sent after the genesis block, such as those random coins being sent today. Only the person who still holds the private key to the address in the genesis block, specifically the coinbase address; the address the first 50 coins were minted to, can move the later coins.

What is more likely is that several computers or servers were used to mine the first million coins. Since there were no pools, each mined coin comes from a wallet on different computers. While it is plausible that Satoshi kept the wallets for all of those coins, (indeed, it would have been a simple backup to a collected or total wallet for all those addresses), it could also be possible that each address had private keys that were eventually discarded.

That implies the first million coins are locked up by whatever key security was implemented at the time, which is double SHA2-256 behind RipeMD-160 or the other way around, whatever, is like trying to crack legacy bitcoin addresses, even if we knew the public keys as that functionality which hides public keys until coins are first spent from an address.

In any case, even with key or address reuse, many coins have never been brute forced out of their owners. It's always been an inside job or someone stole the private keys. On chain dice addresses have never been hacked by third parties. Stolen maybe, but not brute forced for the private keys.
JSRAW
Legendary
*
Offline Offline

Activity: 1442
Merit: 1418



View Profile
July 30, 2019, 03:18:09 PM

This thread is so quiet at the moment.

**Sighs**

Oh, I do miss the excitement of a mid to peak bull run. I’m always here, reading but I don’t really have much to post about in this thread atm Cheesy

I was busy with classes, work, and catching up with old friends last weekend IRL and in the end, taking care of all drunk bastards  Grin  Sometimes I think that's the only reason I get the call for every gettogether.  Angry

This 4 figure looks boring as well so not checking price movement-portfolio etc.

My backlog is piling up, for this will check a couple of posters and JJG's posts history (He covers almost everything in his post  Grin)
BitcoinGirl.Club
Legendary
*
Offline Offline

Activity: 2072
Merit: 2043


Nastya, KidsCamp, Cocomelon


View Profile WWW
July 30, 2019, 03:42:03 PM

Back!
Good afternoon WO.
Still observing @ $9,678
Feels like we are stuck here forever LOL
BitcoinGirl.Club
Legendary
*
Offline Offline

Activity: 2072
Merit: 2043


Nastya, KidsCamp, Cocomelon


View Profile WWW
July 30, 2019, 04:24:33 PM

It's not Sunday evening fellas!

bkbirge
Sr. Member
****
Offline Offline

Activity: 1197
Merit: 482



View Profile
July 30, 2019, 04:33:26 PM
Merited by JayJuanGee (1)

"According to Baradaran, we already have a public ledger, it’s called the Federal Reserve."
https://cointelegraph.com/news/live-crypto-blockchain-hearing-at-us-senate-banking-committee

I'm pretty sure the Fed's ledger isn't available to examine by the public. This seems like obfuscation.

Also looks like the usual talking heads are weighing in with just enough knowledge to hurt themselves...
https://cointelegraph.com/news/cnbc-host-goes-full-bitcoin-maximalist-with-55k-forecast-after-halving



jbreher
Legendary
*
Offline Offline

Activity: 2940
Merit: 1539


lose: unfind ... loose: untight


View Profile
July 30, 2019, 04:41:49 PM

@jbreher: I read about CSW's wallet-cracking attempts here at the WO thread. You are assuming that Satoshi has used a cryptographically strong passphrase to secure his keys. It's a valid assumption which I also share and have mentioned in the discussion, but it appears you are reading only parts of my posts... Note, however, that, at the time those wallets were created, Bitcoin was nearly worthless. I'm pretty sure many users at the time had completely unsecured wallets in their PCs, they just didn't care much about security. That's what CSW is allegedly attempting to exploit.

I get all that, and largely agree. I however counter with 'I read ON THE INNERWEBZ...' (i.e., so it must be true).

IOW, I question whether there is any truth to this story at all. I don't doubt you have read such. I have read such as well. But never from any credible source, and never with any source attribution.
kurious
Legendary
*
Offline Offline

Activity: 2548
Merit: 1617



View Profile
July 30, 2019, 04:45:31 PM

cybercash, as imagined in 1998
~
please note, they wrote hodlers wrong Smiley
Can you give me name of the book from which you snapshotted that page, please. I will buy and read it, that is likely a interesting book on digital cash.

The Sovereign Individual

it's not my snapshot, I just found it. here are some more quotes: https://imgur.com/a/eV74v#0

Just read the rest.  Prescient stuff - bang on the money, so-to-speak!
jbreher
Legendary
*
Offline Offline

Activity: 2940
Merit: 1539


lose: unfind ... loose: untight


View Profile
July 30, 2019, 04:54:38 PM
Last edit: July 30, 2019, 05:12:59 PM by jbreher

Incidentally, it is working splendidly so far.

Yeah jbreher, splendidly is far from a couple of recent reorg occasions.

With no known negative consequences.

eta: Other than the loss of the coinbase tx revenues for the initial orphaned miners.
AlcoHoDL
Legendary
*
Offline Offline

Activity: 1652
Merit: 2490


Addicted to HoDLing!


View Profile
July 30, 2019, 05:25:20 PM
Last edit: July 30, 2019, 05:39:06 PM by AlcoHoDL

@jbreher: I read about CSW's wallet-cracking attempts here at the WO thread. You are assuming that Satoshi has used a cryptographically strong passphrase to secure his keys. It's a valid assumption which I also share and have mentioned in the discussion, but it appears you are reading only parts of my posts... Note, however, that, at the time those wallets were created, Bitcoin was nearly worthless. I'm pretty sure many users at the time had completely unsecured wallets in their PCs, they just didn't care much about security. That's what CSW is allegedly attempting to exploit.

I get all that, and largely agree. I however counter with 'I read ON THE INNERWEBZ...' (i.e., so it must be true).

IOW, I question whether there is any truth to this story at all. I don't doubt you have read such. I have read such as well. But never from any credible source, and never with any source attribution.

OK, I think we agree on this. I was never meant to say it was necessarily true. I just found it interesting and mentioned it, in relation to CSW's comment that Bitcoin will somehow die in 2019. I saw/heard this comment being spoken by CSW himself in a YouTube video. Found it, link below (just press Play, I've positioned it at the exact time he says it):

https://www.youtube.com/watch?v=MXMCzhwm554&feature=youtu.be&t=1205

I watched it again and it seems unrelated to the wallet cracking rumour, but still quite interesting IMHO. I must admit that I felt a little scared when I first heard that comment. I really thought he knows or is able to do/cause something very big that could result in a total collapse of Bitcoin. Most likely just CSW spreading fear...
mindrust
Legendary
*
Online Online

Activity: 2534
Merit: 2213



View Profile
July 30, 2019, 05:29:30 PM

I liked this one a lot.

John McAfee's $1m math has been decrypted.


https://www.tradingview.com/chart/BTCUSD/uRoL0eSr-I-just-love-trend-curves-Here-is-another-one-Bitcoin-long-term/

BOO yea $1Million Incoming!

Sell at $60k in 2021 or sell at a $1Million one year later, hard to decide.  Grin

This is a high probability tbh and I am pretty sure %90 of this thread and %99.9 of any other Bitcoiners will be dumping as soon as it hits $50k. I wonder how will they (maybe me) feel a year later.  Grin
fillippone
Legendary
*
Offline Offline

Activity: 1442
Merit: 9424


Merit Rascal- Filthy, mustachioed, lustful Italian


View Profile
July 30, 2019, 05:48:01 PM

I liked this one a lot.

John McAfee's $1m math has been decrypted.


https://www.tradingview.com/chart/BTCUSD/uRoL0eSr-I-just-love-trend-curves-Here-is-another-one-Bitcoin-long-term/

BOO yea $1Million Incoming!

Sell at $60k in 2021 or sell at a $1Million one year later, hard to decide.  Grin

This is a high probability tbh and I am pretty sure %90 of this thread and %99.9 of any other Bitcoiners will be dumping as soon as it hits $50k. I wonder how will they (maybe me) feel a year later.  Grin

Well,
I do share the enthusiasm in a dull day like today.
But if I want to dream I prefer doing so with Plan B article who gives a sort of rationality and substance to the past prices.
PlanB is actually more bullish after 2028 halvening with a multimillion dollar valuation based on SF model!

Yeas, we do have a lot to dream about.
The important thing is to keep hodling!

jbreher
Legendary
*
Offline Offline

Activity: 2940
Merit: 1539


lose: unfind ... loose: untight


View Profile
July 30, 2019, 05:55:21 PM

@jbreher: I read about CSW's wallet-cracking attempts here at the WO thread. You are assuming that Satoshi has used a cryptographically strong passphrase to secure his keys. It's a valid assumption which I also share and have mentioned in the discussion, but it appears you are reading only parts of my posts... Note, however, that, at the time those wallets were created, Bitcoin was nearly worthless. I'm pretty sure many users at the time had completely unsecured wallets in their PCs, they just didn't care much about security. That's what CSW is allegedly attempting to exploit.

I get all that, and largely agree. I however counter with 'I read ON THE INNERWEBZ...' (i.e., so it must be true).

IOW, I question whether there is any truth to this story at all. I don't doubt you have read such. I have read such as well. But never from any credible source, and never with any source attribution.

OK, I think we agree on this. I was never meant to say it was true. I just found it interesting and mentioned it, in relation to CSW's comment that Bitcoin will somehow die in 2019. I saw/heard this comment being spoken by CSW himself in a YouTube video. Found it, link below (just press Play, I've positioned it at the exact time he says it):

https://www.youtube.com/watch?v=MXMCzhwm554&feature=youtu.be&t=1205

I watched it again and it seems unrelated to the wallet cracking rumour, but still quite interesting IMHO. I must say that I felt a little scared when I first heard that comment. I really thought he knows or is able to do/cause something very big that could result in a total collapse of Bitcoin. Most likely just CSW spreading fear...

Yes, I have heard CSW state similar things before as well. Of course, that noes not necessarily provide any credence to the story that he is trying to brute force a wallet formerly held by satoshi, that Craig has somehow gotten ahold of. For just one hole in the story, how on earth would he have come into possession of satoshi's wallet? Seems improbable.

Perhaps equally probable (note I did say perhaps) is the rather unlikely notion that Craig is indeed satoshi, and therefore has always legitimately owned the early mined coins in question. I think the current story - that the private keys therein are held in a trust guarded by multisig, and that he will not have access to the other components of the multisig until 2020 as per terms of the trust creation, is at least plausible. Note that I think he has consistently held to this story. For years.

In your video, Krawicz seems to give tacit confirmation of Craig's statement that BTC contains a fatal flaw that could be so exploited. Though his retort -- 'I'll find out and let you know' -- belies more a blind faith than any rational analysis. From other statements, it seems clear that Krawicz has complete faith in the Satoshi/CSW claim, and I have never heard him say anything convincing about his reasons for so believing.

AAR, if indeed CSW does have control of the 980K or 1.1M BTC or whatever, he does have a pretty big tool at his disposal. I doubt however that merely dumping them at market price would have a lasting devastating effect upon BTC, no matter how much pain it causes in the short term.

Shelby has been advancing the proposition that Craig has access to enough currently dark mining power to couple the potential dumping attack with another attack of miners reverting to the original protocol (still possible under the so-called 'soft' fork), claiming all funds in SegWit addresses (which are of course pay-to-anyone under the previous rules, which are still valid as there was never a hard fork). This would force Core to either accept the loss of all such funds, or hard fork off to a parallel chain, where the protocol fully invalidates this earlier ruleset. Indeed, Shelby thinks this attack (irrespective of whether or not CSW has anything to do with it) to be an inevitability at some point.

I'm not so sure that scenario is so certain. Though I should point out that I have been publicly musing about such a scenario almost from the time the soft fork approach to 'solving malleability' was first posited. Indeed, the forces towards such an attack only grow with BTC price appreciation and more germanely with use of SegWit addresses.

IF CSW has access to 1.1M BTC and IF CSW and/or allied miners deign to mount such an attack, then that may be devastating to BTC. Seems a lot of coin tosses would have to land on edge for such to be the case, but...

Heck, I wouldn't even think such an action unethical. It's just part of the game theory. It's not as if these ideas have not been hashed and rehashed publicly since years. Anyone astonished by these ideas either has not been paying attention or is in active denial.
jbreher
Legendary
*
Offline Offline

Activity: 2940
Merit: 1539


lose: unfind ... loose: untight


View Profile
July 30, 2019, 05:57:43 PM

This is a high probability tbh and I am pretty sure %90 of this thread and %99.9 of any other Bitcoiners will be dumping as soon as it hits $50k.

That seems silly to me. If they would be dumping at $50K, why did they not already dump four years earlier and with that much less certainty of experience at $20K?
serveria.com
Hero Member
*****
Offline Offline

Activity: 1540
Merit: 924


Balls of steel. This time is different.


View Profile WWW
July 30, 2019, 05:59:33 PM

Hey WO brothers!

Witnessing lil pump  Grin beartrolls also gone for now that's a good sign  Cool
Pages: « 1 ... 24477 24478 24479 24480 24481 24482 24483 24484 24485 24486 24487 24488 24489 24490 24491 24492 24493 24494 24495 24496 24497 24498 24499 24500 24501 24502 24503 24504 24505 24506 24507 24508 24509 24510 24511 24512 24513 24514 24515 24516 24517 24518 24519 24520 24521 24522 24523 24524 24525 24526 [24527] 24528 24529 24530 24531 24532 24533 24534 24535 24536 24537 24538 24539 24540 24541 24542 24543 24544 24545 24546 24547 24548 24549 24550 24551 24552 24553 24554 24555 24556 24557 24558 24559 24560 24561 24562 24563 24564 24565 24566 24567 24568 24569 24570 24571 24572 24573 24574 24575 24576 24577 ... 30797 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!