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Showing 18 of 18 results by BoB_Bass
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Board Bitcoin Discussion
Re: Is Jack Dorsey, Satoshi Nakamoto?
by
BoB_Bass
on 19/02/2025, 00:33:37 UTC
Interesting post.  The first ten or so points are quite compelling, I wasn't aware of many details of his early life.  The rest are probably circumstantial at best.

I found this point interesting;

Satoshi's last mined block was on Jack's dad's birthday (5/3/10).

I don't think I've read that before, (The bit about Satoshi's last mined block, not Jack's Dad's birthday) is this commonly accepted knowledge?  I thought that there were only a handful of blocks that could be confidently attributed to Satoshi.
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Board Bitcoin Discussion
Re: What one factor can cause the current bull run to stop ?
by
BoB_Bass
on 08/12/2024, 21:17:38 UTC
I think that the reason that previous US administrations have not been particularly supportive of Bitcoin is because they realised it could be the biggest threat to the Dollar as  the main currency for international trade. Especially for oil.  Trump is not a very intellectually mature thinker.  Right now he is getting a lot of flattery from pro Bitcoin guys and that has translated into the pump we are currently experiencing. But if somebody were to advise him that pumping Bitcoin could be harmful to the position of the Petrodollar I wonder if that would cause him to withdraw his support? That's the biggest threat to this bull run in my opinion.  Even if that were to happen though, I think there is enough intertest in Bitcoin right now that plenty others, from retail to nation states, to jump in there and buy the dip.

It's funny though, every bull run people are saying "this time it's different" and nobody thinks it can crash.  Until it does.
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Board Bitcoin Discussion
Merits 1 from 1 user
Re: Bhutan sudden purchase of Bitcoin
by
BoB_Bass
on 23/10/2024, 08:36:19 UTC
⭐ Merited by bigmanik (1)
I haven't read the Twitter link you posted but the other sources I have read say that the Bhutan government mined this bitcoin rather than having bought it.  Which I think is bigger news.  I f true this would make them only the second country after El Salvador that I'm aware of that are mining Bitcoin at a national level.  From the little I know about Bhutan it seems like they are a pretty unique country, I would be interested to hear of any first hand experiences from people here.
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Board Bitcoin Discussion
Re: What will happen if all 21 million bitcoins are mined?
by
BoB_Bass
on 25/08/2024, 21:03:06 UTC
People love spreading doom and gloom about falling hashrate as the block reward drops.  I think it could be a positive for Bitcoin.  In a few years from now bandwidth, storage and processing power are going to be so cheap and plentiful that it should be trivial for individuals to run full nodes on their personal devices.  And these devices could be set to mine like the original bitcoin client.  If we were to see a fall in asic mining and large mining pools being replaced by every user on the network being a solo miner then hashrate and network security would likely increase.  As would decentralisation.  Currently people are looking at tomorrows problems with todays technology.  As long as devs and noderunners keep on top of things the network should be secure beyond the lifespans of everybody here.
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Board Bitcoin Discussion
Re: Btc Satoshi i know people who know people
by
BoB_Bass
on 17/08/2024, 20:34:04 UTC
OP,
I'm very sorry to break it to you but I don't think you have much of a future as a crypto scammer.  First rule is know your audience. There are plenty platforms like Facebook, Instagram or any dating site where you might find someone who will be impressed with your insider "knowledge".  But here, the minute you open your mouth you are instantly the dumbest person in the room.  The largest concentration of educated Bitcoiners are to be found here. I can't believe that low effort scammers like yourself think you will find  a mark here.
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Board Bitcoin Discussion
Re: Someone Just Mined Bitcoin Block With a $200 Miner At Home
by
BoB_Bass
on 25/07/2024, 21:31:03 UTC
You'll probably find the most accurate explanation at the CK mining pool page.

https://bitcointalk.org/index.php?topic=5237323.4660

From page 234. Personally I love to see things like this.  Sure the chances of finding a block are tiny but it's a great way to learn and maybe get into larger scale mining, these small devices don't use much electricity, there's a cool solo mining community on the thread I linked above, and solo mining helps the network stay decentralised.  I think there's too much emphasis these days purely on what is profitable and what isn't, takes a lot of the fun out of it.
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Board Bitcoin Discussion
Re: The venue rules of 2024 bitcoin conference
by
BoB_Bass
on 25/07/2024, 21:07:02 UTC
No guns, no bears, what about the right to Bear Arms? It's in the constitution man.

Trump is gonna talk about Trump. It would be nice if he said a few words about Ross but I wouldn't be surprised if he's forgotten about him already.
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Board Bitcoin Discussion
Re: Craig Wright is missing, over charge to face probe for alleged perjury
by
BoB_Bass
on 20/07/2024, 22:16:49 UTC
Without locking him up there is no way to really stop someone from leaving.
We could have asked the court to seize his passport, but the judge surprised us with a ruling from the bench.  He was gone from the country a bit to fast to react.  There is no guarantee we would have been granted the passport seizure, but I think there would have been reasonable odds of it.

and not that seizing his passport would have made it impossible to run, but it would have made it harder.  Oh well.



Seizing a passport from somebody like CSW might not be that simple anyway.  I'd say he has Australian and UK passports at least, possibly Antiguan thru Calvin Ayre, and I think his wife is Singaporean?, so he could possibly have one of these as well.  He's probably been preparing for this eventuality for a while.  If he appeals would he be required to actually appear at court? I think in the last case he only appeared on days when he was being sworn in or giving evidence.
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Board Speculation
Merits 1 from 1 user
Re: Bitcoin surge in the last 24hrs
by
BoB_Bass
on 16/07/2024, 22:28:14 UTC
⭐ Merited by d5000 (1)
HaHa I love it that Bitcoin always does the opposite of what people expect.  The German sell-off caught people by surprise with a small slump. Now over on the MtGox thread everybody is predicting a crash because the trustees moved some coins to an exchange.  And instead we get a pump.

Two lessons here, don't try to second guess Bitcoin, and don't listen to anybody on social media.
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Board Development & Technical Discussion
Merits 1 from 1 user
Re: Is "Timechain" never a word with defined meaning?
by
BoB_Bass
on 08/07/2024, 20:54:59 UTC
⭐ Merited by vapourminer (1)
Can I recommend to OP the Gary Gensler Harvard Bitcoin lectures which are on Youtube.  I know GG is a fairly divisive figure in the Bitcoin world but these lectures are quite informative.  It's been a while since I have watched them but I seem to remember that in an early lecture he goes into the history and early usage of blockchains.  Might answer some questions in the OP.
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Board Bitcoin Discussion
Merits 2 from 1 user
Re: Craig Wright ASSETS FROZEN WORLDWIDE
by
BoB_Bass
on 07/07/2024, 20:42:13 UTC
⭐ Merited by Foxpup (2)
I have been following the CSW/BSV scam for quite a number of years now as I find it a fascinating study in human behaviour that goes far beyond the cryptocurrency scene.  I am new to this forum so I am not too clever at quoting several comments but I will try to reply to the main points brought up here.

Several comments mention that he is an intelligent guy who could have been successful if he wasn't so dishonest.  If one was to look into his history one would find that almost all of his businesses have failed, leaving unpaid bills and employees.  He was a mid-tier IT guy at best who was always  retrospectively trying to make himself into something bigger than he really was, by changing old blog posts, claiming titles and qualifications that he hadn't earned, and he seemed to have no qualms in using dead people to add to his tall tales in a way that he hoped wouldn't be questioned.

One of the reasons I find CSW so interesting is that he used a similar M.O. to Trump in how he tried to find supporters. Like Trump he tried to portray himself as a conservative Christian, somehow morally superior to others despite a long history of dishonesty and corruption.  One of the most fanatical CSW supporters on social media is a fundamentalist Christian of the worst type.  Also, like Trump, CSW liked to portray himself as fighting a powerful, insidious enemy, the "elite", in CSW's case his supporters claimed that Greg Maxwell, Adam Back and others were part of some fantastic Epstien, Mastercard, Illuminati type conspiracy with wealthy bankers and judges supporting them.  While in reality CSW had a very wealthy guy backing him using the legal system to try and destroy the lives of regular people who spoke out honestly about him and who couldn't match his spending in the law courts.  Similar to how Trump supporters claim that he is fighting these "Elites" when he is in fact a guy that was born into great wealth and has never had to work in his life.

Another way that CSW attracted support was the old favourite of crypto scammers who try to convince people who didn't get into bitcoin early that their shitcoin is going to be the "next bitcoin", except in BSVs case Craig had the added claim that his coin was the "real bitcoin" and that one day the rest of the world would realise that and they were all going to be very rich.  And if that didn't work he was just going to sue everybody until they saw the light and bought BSV.  Who knows how many people fell for this and sold all their bitcoin to buy BSV instead, thinking it was the smartest financial decision ever.  An additional irony is that if CSW and his benefactor Calvin Ayre had just bought and held Bitcoin instead of launching a competing currency and embarking on a massive round of global litigation ( estimated at $100M) they would be amongst the wealthiest Bitcoiners in the world right now.

One more thing I would like to add is that the Faketoshi scam was not a great masterplan from the beginning.  It started with a bit of tax rebate fraud in Australia, Craig tried to tie Bitcoin into his explanation when he got caught out there, and as time went on he had to keep coming up with bigger lies to stay out of prison.  Claiming to be Satoshi and starting a rival cryptocurrency were never the original plan but as time went on and the lies multiplied the stories became more and more bizarre.  It looks like he has finally painted himself into a corner that he can't get out of now.

If anybody is interested in learning more about the Faketoshi scam Arthur Van Pelt on Twitter and Medium has probably the best, most thorough writing on the subject.  The Satoshi Affair by Andrew O' Hagan is also a great introduction to the early days of the scam.

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Board Bitcoin Discussion
Re: Mt. GOX Hacked a Blessing in Disguise for Victims?
by
BoB_Bass
on 07/07/2024, 14:05:48 UTC
Something I haven't seen mentioned here is the 1Feex account, https://mempool.space/address/1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF which holds nearly 80k Bitcoin.  Now there is a good chance that the keys to that address are lost forever but if they do ever turn up would these coins be distributed to creditors as well? As far as I can remember these coins were stolen very early on, but they should still belong to the assets of the exchange.  Would be very interesting if these coins ever did move again.
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Board Bitcoin Discussion
Re: 21 Rules of Bitcoin - Michael Saylor
by
BoB_Bass
on 01/07/2024, 20:20:13 UTC
Number 3 seems controversial but I think I understand it.  My Bitcointalk account may be young but when it comes to orbits around the sun I would say that I am older than the average forum user.  I am not a big internet person, I listen to records and read books, I try to avoid the internet in day to day life but I started spending more time online to learn about Bitcoin. In that time I would say that I have learnt more about the FIAT system, things that I never knew I needed to know, and I feel that learning about fiat and the economy is what we need to do to realise how much we need bitcoin.  And there is no limit, as far as I can see, to how much we can learn about our current economic predicament, there is no limit to understanding bitcoin.

No knowledge is wasted, I think, is what I'm trying to say.
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Board Bitcoin Discussion
Re: 🔍 Unveiling Satoshi Nakamoto: Community Vote 🗳️
by
BoB_Bass
on 25/06/2024, 20:07:52 UTC
Asking for money, promoting a shitcoin, asking people to mine for you, quoting CSW ( that's the best one yet, Proof by signing is meaningless but a bunch of amateur forgeries are proof?) I'm glued to this thread to see what you're going to come up with next.
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Board Bitcoin Discussion
Re: How to Hire a Bitcoin Recovery Expert
by
BoB_Bass
on 23/06/2024, 15:49:25 UTC
I think that recovery scammers are the most immoral of all scammers.  Giving false hope to people who are at a vulnerable low ebb and who have already lost assets..  If Bitcoin is stolen the chances of recovery are so close to zero they might as well be.  People should learn about the risks and irreversibility of bitcoin, it's not like a regular bank account where you phone up customer service and they restore your balance after you answer a few questions.

In situations like forgotten passwords or corrupted files there are respected long time users of the forum here who can offer legitimate advice, I would be surprised if OP was anything other than a recovery scamming parasite. How do these people sleep at night?

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Board Bitcoin Discussion
Re: Remember
by
BoB_Bass
on 22/06/2024, 22:49:39 UTC
I'm a new account here but I've participated on other platforms over the years. I've come across Greg Maxwell/null c on more than one of these and I've always appreciated his wisdom.

The problem I find with a lot of online bitcoin influencers is that they have an attitude of "why do something if it's not the most profitable thing to do."  For example I see a lot of advice online like " don't bother solo or pool mining if you have old equipment, just buy coins instead", " there's no advantage to running a node, it's just an expense", "don't use ATMs or peer to peer, only use the largest exchanges because they offer the best rates", that advice will resonate with people who just want to make as much money with the lowest expenses but if you believe in bitcoin why not support the network with a node, mine to a solo pool or a smaller pool to make a (tiny) impact against the centralisation of the big mining pools. 

If everybody had the current attitude in 2009-12 there is no way that Bitcoin would be where it is today, if it wasn't for early miners, 10,000 pizza guy, Gavin with his faucet, AA giving away free coins in almost empty conference rooms, and all the other early guys Bitcoin wouldn't be where it is today.  People who took chances and made what would look like poor financial decisions should inspire us to maintain Bitcoin's biggest strength.  Decentralisation.
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Board Collectibles
Re: [FREE RAFFLE] - Custom eXch Cryptosteel Capsule (#12)!
by
BoB_Bass
on 17/06/2024, 22:12:41 UTC
74 - BoB_Bass

Long time lurker but I only created account today. If that's good enough to participate then thanks.
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Board Bitcoin Discussion
Re: T-Mobile Partners with DigitMiner to Enter Bitcoin Mining: A New Era for Digital
by
BoB_Bass
on 17/06/2024, 18:00:05 UTC
Lots of words there but not much detail.  If T-Mobile have their own Lightening nodes then adding a network integrated Lightening wallet would be a good way to introduce people to Bitcoin.  Especially if they could create a good, easy to use UI.

The OP mentions Polygon which I don't know anything about but I don't think it has anything to do with Bitcoin.

As far as this mining joint venture goes, it could be good for T-Mobile if they want to add Bitcoin to their balance sheet but do it by mining rather than purchasing.  Perhaps they already have some technical infrastructure that could be adapted to mining Bitcoin.  I don't see how that involves their phone networks or customers though.  Big firms going in on Bitcoin should be seen as a good thing as long as they aren't just dropping press releases with crypto buzzwords to get some media attention.