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Question: May 18 Bitcoin Closing Price (Stamp):
$0 - 1 (0.7%)
<$5,000 - 7 (4.6%)
$5,000-$5,500 - 2 (1.3%)
$5,500-$6,000 - 0 (0%)
$6,000-$6,500 - 5 (3.3%)
$6,500-$7,000 - 15 (9.9%)
$7,000-$7,500 - 17 (11.2%)
$7,500-$8,000 - 24 (15.8%)
$8,000-$8,500 - 19 (12.5%)
$8,500-$9,000 - 15 (9.9%)
$9,000-$9,500 - 10 (6.6%)
$9,500-$10,000 - 7 (4.6%)
$10,000-$20,000 - 16 (10.5%)
>$20,000 - 14 (9.2%)
Total Voters: 152

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21168077 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. (23 posts by 12 users deleted.)
Hueristic
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July 17, 2018, 12:42:16 AM


So when trying to research this I came across this vid and I just cannot follow him with the combination of his accent and the difficulty of the material he's presenting.

https://www.youtube.com/watch?v=oTsjMz3DaLshttps://www.youtube.com/watch?v=oTsjMz3DaLs

So I tried to find a primer and ran into this

https://www.youtube.com/watch?v=oTsjMz3DaLshttps://www.youtube.com/watch?v=oTsjMz3DaLs

And this is where I gave up! Cheesy

I did find a few posts that gave an ELI5 on the subject so I have a pretty good idea of the reasoning and the benefits but I'd really like to see a more nuts and bolts explanation that I can follow, does anyone have a better link to a Vid for this subject for the non professional mathematician?



"The price of bitcoin surged Monday after a report said that BlackRock has set up a working group to explore ways of taking advantage of the cryptocurrency market.....The world’s most valuable virtual currency by market value jumped more than 4 percent."

Someone needs to tell CNBC that 4% is not a surge in bitcoinland, but a common daily fluctuation.

LOL, RITE! 4% is not even a fart in this wind!

Looking forward to some quality Schnorr FUD from Jbear and crew. 

I don't know why you'd think that. I don't believe I have previously espoused an opinion on Schnorr sigs.

You basically said Schnorr signatures would do nothing to alleviate the scaling issue. That would qualify as an opinion.

P.S.: Here it is: https://bitcointalk.org/index.php?topic=178336.msg22571868#msg22571868


It would have a massive impact on the multisig transactions if what I read was correct as well as cutting down on the multisig spam(although I am not up on how big a problem that currently is).


25-30% efficiency improvement from Schnorr is not 'nothing', but also not earth shaking.

That is only multisig though correct?




"Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." -- Satoshi
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d_eddie
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July 17, 2018, 01:03:38 AM

Are you assuming that we need "one last BIG correction"? 
I'm not assuming that much, but that's what my gut tells me through... well, that's advanced SOMA stuff  Tongue

I'm glad I followed my gut by shorting. I managed to stash some away and with this little climb I'm still well in the green even with the play money I left on the table.

My final point, however, was the admission that for all we know, the badger might well not give a single fuck what we or anybody else thinks or feels.


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July 17, 2018, 01:07:00 AM

Now that I realize I can use lightning for shit posting, I may need to start my own node.

This might be the second funniest war in history.



I actually see what you did there...not bad
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July 17, 2018, 01:10:46 AM
Merited by Hueristic (1), BobLawblaw (1)

Schnorr signatures

Imagine if you could use just one signature for all of your transaction inputs rather than one signature for each of your transaction inputs. That's all us mortals need to understand. Leave it to the gods to work out how the math behind all of that works.
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July 17, 2018, 01:15:23 AM
Merited by Hueristic (1), BobLawblaw (1)

Yes whenever you use a wallet you may have multi-inputs and multiple signatures, you just don’t necessarily realize it. 

Besides, Schnorr is just a stepping stone to coinjoin. 
HairyMaclairy
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July 17, 2018, 01:16:08 AM

Now that I realize I can use lightning for shit posting, I may need to start my own node.

This might be the second funniest war in history.



I actually see what you did there...not bad

Don’t mention the war. 
Hueristic
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July 17, 2018, 01:17:25 AM

Yes whenever you use a wallet you may have multi-inputs and multiple signatures, you just don’t necessarily realize it. 

Besides, Schnorr is just a stepping stone to coinjoin. 

Linky?
Rosewater Foundation
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July 17, 2018, 01:26:53 AM
Merited by Hueristic (1)

Yes whenever you use a wallet you may have multi-inputs and multiple signatures, you just don’t necessarily realize it. 

Besides, Schnorr is just a stepping stone to coinjoin. 

Linky?

Here's a good repost re CoinJoin
http://diyhpl.us/wiki/transcripts/building-on-bitcoin/2018/coinjoinxt/


Nothing on Schnorr tho
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July 17, 2018, 01:30:18 AM

And if that each person wanted to make just 32 transactions to different people bcash would need 30yrs to process that. Think about that!

I have thought about that. Today, that is indeed the case. Or even maybe longer - as 32MB is the currently supported max, which is subject to miners' decisions to create blocks smaller than max.

Which is, of course, why there has been discussion within the BCH development community -- for as long as there has been a BCH -- on other orthogonal approaches to scaling.

So while true today, it will be false for some value of 'tomorrow'.

In the meantime, BCH is not suiciding itself for the sake of some illusory benefit of 'decentralization' along some axis that is entirely irrelevant.

Orthogonal? You mean like side chains! WTF that wasn't in Satoshi's white paper!!!
Wait so you're saying that different solutions might come in the future so time and resources are better spent on near term issues rather than arbitrary usages cases for the whole population! You're so cute with your flawed logic, i bet your tears will taste sweet
HairyMaclairy
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July 17, 2018, 01:46:09 AM

Yes whenever you use a wallet you may have multi-inputs and multiple signatures, you just don’t necessarily realize it. 

Besides, Schnorr is just a stepping stone to coinjoin. 

Linky?

https://bitcointalk.org/index.php?topic=1447960.msg14644650#msg14644650
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July 17, 2018, 01:50:37 AM
Merited by Wekkel (1)

The next bull cycle is coming?

Hueristic
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July 17, 2018, 03:29:31 AM

Yes whenever you use a wallet you may have multi-inputs and multiple signatures, you just don’t necessarily realize it.  

Besides, Schnorr is just a stepping stone to coinjoin.  

Linky?

https://bitcointalk.org/index.php?topic=1447960.msg14644650#msg14644650


Here's a good repost re CoinJoin
http://diyhpl.us/wiki/transcripts/building-on-bitcoin/2018/coinjoinxt/


Nothing on Schnorr tho


Thanks Guys, I think this is it.

Quote
Then he suggested just using Schnorr multi-signature instead of the BLS signatures. The idea is that if you have inputs with pubkeys P and P2  you can combine them and to form a P+P2 pubkey and sign with that to prove authorization with both keys.  When this had previously been discussed the fact that someone malicious could set their P2 to P3-P and then sign the aggregate with just P3 seemed to kill it.

But actually a few months ago Pieter Wuille solved this as a side effect of his key tree multi-signature work,  He suggested instead that to combine P and P2, you use P*H(P) + P2*H(P2); this doesn't inhibit signing, but it makes it impossible to create a pubkey as a linear combination of other pre-existing pubkeys. Pieter has an implementation of this as part of the Libsecp256k1 multi-signature work: https://github.com/bitcoin/secp256k1/pull/322

https://bitcointalk.org/index.php?topic=1377298.msg14011669#msg14011669
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July 17, 2018, 03:37:47 AM

The next bull cycle is coming?



I am quite sure this is the signal we have been waiting for...

BTC To the moon!
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July 17, 2018, 03:45:49 AM

This guy must be 100% sure that BTC will surpass $280K in 2023 to bet $6.3 mil.  Grin
https://www.etftrends.com/crypto-trader-big-on-bitcoin-exceeds-warren-buffett-berkshire-price
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July 17, 2018, 03:49:08 AM

Hold on! bear months is more exciting
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July 17, 2018, 03:51:10 AM

This guy must be 100% sure that BTC will surpass $280K in 2023 to bet $6.3 mil.  Grin
https://www.etftrends.com/crypto-trader-big-on-bitcoin-exceeds-warren-buffett-berkshire-price

Not a bad bet I think. But that counterparty risk Shocked. Trusting someone to actually pay out 1.2 billion, that's more trust than I have in anyone.
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UNLEASH THE FURY!


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July 17, 2018, 03:51:58 AM
Merited by BobLawblaw (2), jojo69 (1)

^unrelatedly: Have fun while making those private keys secure!



https://www.etsy.com/listing/614770978/d20-twerk-o-matic-booty-dice-butt-plug (via @shinohai)

Oh lord.  You are gonna have Bob dressed up as a wizard with a dungeons and dragons campaign going with that kind of post...
Anon136
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July 17, 2018, 03:57:14 AM

^unrelatedly: Have fun while making those private keys secure!

https://www.etsy.com/listing/614770978/d20-twerk-o-matic-booty-dice-butt-plug (via @shinohai)

Oh lord.  You are gonna have Bob dressed up as a wizard with a dungeons and dragons campaign going with that kind of post...

Jesus man. What is wrong with you?
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UNLEASH THE FURY!


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July 17, 2018, 03:59:11 AM
Merited by Last of the V8s (1)

^unrelatedly: Have fun while making those private keys secure!

https://www.etsy.com/listing/614770978/d20-twerk-o-matic-booty-dice-butt-plug (via @shinohai)

Oh lord.  You are gonna have Bob dressed up as a wizard with a dungeons and dragons campaign going with that kind of post...

Jesus man. What is wrong with you?

Top problem at the moment?  Or the top 10 list?
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July 17, 2018, 04:03:25 AM

As times change, your methods may need to change, too.
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