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Showing 20 of 13,676 results by Charles-Tim
I haven't really understood the entire concept of this proposal, but I will do a further research while less busy, and thanks for sharing this here.
If you read the link that I posted above, you will understand it.The Bitcoin-Quantum computing attack has been a discussion for sometime now, and I never expected a sudden proposal at this early stage because we haven't really see the effect of quantum computing attacks, as a primary target to any form of technology.
Since 10 years ago, people are expecting quantum computing to be more advanced in 10 years after. In 2025, 2030 is still what people are concerned about. Bitcoin transaction to quantum-vulnerable addresses will be soon if the proposal is accepted but ECDSA/Schnorr spends to quantum-non vulnerable addresses will still be valid for 5 years. That would be around 2030.
Although, nobody know when quantum computing will be able to make ECDSA/Schnorr vulnerable.
I know that some of these big companies are investing heavily on it, and their progress so far isn't fully disclosed to the public. But it is good that a proposal was introduced at this early stage, so that proper remodification and adjustment can be done before fully implementing, if still necessary.
Re: Can Bitcoin hold the leadership position for ever because the world changes?
If bitcoin blockchain is attacked and become successful, people will know that, the price of bitcoin will fall abruptly which will reduce the money the attackers will gain provided if is a success attack. ASIC are expensive and has no other good function than mining bitcoin which could be a problem for the hackers because the ASIC price will go down significantly and can become useless. Miners will prefer to remain loyal instead.
Who would be able to attack it in such a way?
For now we don’t know who will but one thing we know is that the computational power needed to pull that off is definitely not a small one and that the amount needed wouldn’t as for the moment be profitable. But it is theoretically possible to pull that off. You read about 51% attack to get a glimpse of that.
⭐ Merited by Felicity_Tide (2)
Have you heard or read recently about about BIP360? It was proposed to solve the issue of bitcoin not to be vulnerable to quantum computers.
People that can be affected to the vulnerability are those that their bitcoin address public key are known to the public. Do you know that when you make bitcoin transaction, the public key of the address used to make the transaction is no more only know to you? It is known onchain.
That is not small at all. Also it is predicted that if someone or some people are able to use quantum computing to know some private keys and the coins stolen, the people may prefer to do it in a way people will not know until it silently got to the point that people will know. But I doubt if such people will leave those Satoshi P2PK transactions holding multi billion dollars of coins today. But in short, it is good if bitcoin is moved away from ECDSA/Schnorr signatures.
ECDSA was used for almost everything about signing before Taproot
Schnorr is used in Taproot.
These are important information:
I think that quote and image is self-explanatory. You can read about it from here in details: https://github.com/jlopp/bips/blob/quantum_migration/bip-post-quantum-migration.mediawiki
People that can be affected to the vulnerability are those that their bitcoin address public key are known to the public. Do you know that when you make bitcoin transaction, the public key of the address used to make the transaction is no more only know to you? It is known onchain.
Quote from: https://github.com/jlopp/bips/blob/quantum_migration/bip-post-quantum-migration.mediawiki
Roughly 25% of all bitcoin have revealed a public key on-chain; those UTXOs could be stolen with sufficient quantum power.
That is not small at all. Also it is predicted that if someone or some people are able to use quantum computing to know some private keys and the coins stolen, the people may prefer to do it in a way people will not know until it silently got to the point that people will know. But I doubt if such people will leave those Satoshi P2PK transactions holding multi billion dollars of coins today. But in short, it is good if bitcoin is moved away from ECDSA/Schnorr signatures.
ECDSA was used for almost everything about signing before Taproot
Schnorr is used in Taproot.
These are important information:
Quote from: https://github.com/jlopp/bips/blob/quantum_migration/bip-post-quantum-migration.mediawiki
This proposal follows the implementation of post-quantum (PQ) output type (P2QRH) and introduces a pre-announced sunset of legacy ECDSA/Schnorr signatures. It turns quantum security into a private incentive: fail to upgrade and you will certainly lose access to your funds, creating a certainty where none previously existed.
Phase A: Disallows sending of any funds to quantum-vulnerable addresses, hastening the adoption of P2QRH address types.
Phase B: Renders ECDSA/Schnorr spends invalid, preventing all spending of funds in quantum-vulnerable UTXOs. This is triggered by a well-publicized flag-day roughly five years after activation.
Phase C (optional): Pending further research and demand, a separate BIP proposing a method to allow quantum safe recovery of legacy UTXOs, potentially via ZK proof of possession of a corresponding BIP-39 seed phrase.
Phase A: Disallows sending of any funds to quantum-vulnerable addresses, hastening the adoption of P2QRH address types.
Phase B: Renders ECDSA/Schnorr spends invalid, preventing all spending of funds in quantum-vulnerable UTXOs. This is triggered by a well-publicized flag-day roughly five years after activation.
Phase C (optional): Pending further research and demand, a separate BIP proposing a method to allow quantum safe recovery of legacy UTXOs, potentially via ZK proof of possession of a corresponding BIP-39 seed phrase.
I think that quote and image is self-explanatory. You can read about it from here in details: https://github.com/jlopp/bips/blob/quantum_migration/bip-post-quantum-migration.mediawiki
Do not follow what you are seeing on the news. I believe news has been the reason you may create this topic.
Some of them are speculating already that bitcoin may get to $15000/$30000 but which are all lies. Do not buy the news.
This is an example: https://cointelegraph.com/news/ethereum-open-interest-hits-all-time-highs-trader-predicts-30k-price-top
Ethereum is centralized and maybe they are even sponsoring this. I just do not know.
They are all liars that wants people to fomo.
Some of them are speculating already that bitcoin may get to $15000/$30000 but which are all lies. Do not buy the news.
This is an example: https://cointelegraph.com/news/ethereum-open-interest-hits-all-time-highs-trader-predicts-30k-price-top
Ethereum is centralized and maybe they are even sponsoring this. I just do not know.
They are all liars that wants people to fomo.
Re: Can Bitcoin hold the leadership position for ever because the world changes?
2. Hacking: Bitcoin cannot be hacked.
It hasn't been hacked. Not it Cannot be hacked. It's theoretically possible. But the cost outweighs the benefit. This is a three-phase plan to migrate Bitcoin to a new post-quantum cryptographic standard. In it, the authors suggest adopting the already proposed P2QRH output types and abandoning ECDSA/Schnorr signatures. The BIP requests a mandatory switch of cryptographic signatures due to concerns of ECDSA/Schnorr being vulnerable to future quantum computers.
I do not follow much about P2QRH but with what I have read, probably it will have larger signature than the current one which are not resistant to quantum computing. I mean both ECDSA and Schnorr. Hope it will not have significant effect on the mempool?I like this proposal if the Phase C is part of it.
⭐ Merited by pooya87 (3)
If you have the wallet seed phrase or private key, why not just import it on another wallet and see if you can be able to spend the coins on the other wallet.
You can make use of Bluewallet or Electrum wallet for it.
You can make use of Bluewallet or Electrum wallet for it.
Re: Avoid buying Bitcoin from someone all because you know them.
Is there any local news that talked about it? I will like to read from a site about it.
This is very possible.
But the reason I do not like face to face sales of bitcoin is that it can lead to physical attack. We have read on different news about different people that were physically attack all because those that attacked them know that they have bitcoin. Attack can come from anywhere, even from someone that you will not expect.
This is very possible.
But the reason I do not like face to face sales of bitcoin is that it can lead to physical attack. We have read on different news about different people that were physically attack all because those that attacked them know that they have bitcoin. Attack can come from anywhere, even from someone that you will not expect.
Yeah, I actually wanted to do that but most times people hardly trust other site to click on them, I am number one example that hardly click on external like to read through that site, and of course I could had quoted as you said but skip me.
If you give a link and people do not click on it but be commenting, that can make them be posting rubbish. If you are doing that, it is better you start clicking on the site also, read what is there before posting. It will help you a lot. Also do not let what you feel about others make you do something over how you will be a quality poster.
However, I think all these are just belief and people who so much believed on something like professional gambling could like face this, but usually there are people who are losing their wealth just to gamble and if they don't apply knowledge or responsible gambling they could end up becoming broke or even penurious.
This is true. It has always been what I prefer to believe as well.To copy and paste all the content from another site is not necessary. You can easily explain the reason you bring it to people's notice on this forum and also explain what is all about instead. Do some quoting if you like but not also necessary.
I do not believe in anything called professional gamblers. I see it has something that can be deceiving because there are rich people that can go broke at anything. Gambling can be one of the reasons if you solely depend on it.
Even in the gsmbtsites terms of service, it is highly advised that people should gamble just for fun.
I do not believe in anything called professional gamblers. I see it has something that can be deceiving because there are rich people that can go broke at anything. Gambling can be one of the reasons if you solely depend on it.
Even in the gsmbtsites terms of service, it is highly advised that people should gamble just for fun.
I will still prefer to iterate that you people should be very careful if this coins, tokens or what ever they are, like the ANI that you are referring to here in this thread. They will get pumped and later they will get dumped. That is how they are. Just be careful of them. You may buy the coin today and it may get dumped later. Just gamble with them.
I get wetin you talk but una wey be sources get big things to do because if you look well, you go know say this our local board dey fall apart and we also need to be ourselves if you get wetin I mean.
You are getting this wrong. According to the stat, this local board is not falling apart. Or you can prove it with stat.About your smerit na una know how to get and make good use of am, make una still put head together dey work because if una start to do things the way our politicians dey do, things go go side ways.
Politicians like? I do not understand. I give merit to posts that qualify for it.@Sexylizzy2813
It is not bad if newbies earn merits from the general boards, I am also sending merits to those people on the general boards. What that is most important is for them to post good and rank up.
If a newbie post good, I will merit him or her. I will try and do something about it but the newbie should post better so that he or she can be noticable.
Right now my smerit has finished and I have only 4 earned a smerits left.
It is not bad if newbies earn merits from the general boards, I am also sending merits to those people on the general boards. What that is most important is for them to post good and rank up.
If a newbie post good, I will merit him or her. I will try and do something about it but the newbie should post better so that he or she can be noticable.
Right now my smerit has finished and I have only 4 earned a smerits left.
It is not bad if newbies earn merits from the general boards, I am also sending merits to those people on the general boards. What that is most important is for them to post good and rank up.
If a newbie post good, I will merit him or her. I will try and do something about it but the newbie should post better so that he or she can be noticable.
Right now my smerit has finished and I have only 4 earned a smerits left.
If a newbie post good, I will merit him or her. I will try and do something about it but the newbie should post better so that he or she can be noticable.
Right now my smerit has finished and I have only 4 earned a smerits left.
for example those that sell stuffs in the collectible section of the forum and it happens that the order have been delivered to the buyer and he has already made payments for it, if he is a scammer he can eventually send reports to a Chainanalytic company that he sent the coin to a wrong address, so in this situation what will happen?
A scammer will not want to do that because they will ask for his details and most probably his identity. They will know the person they are helping. It is possible that the victim may get to them through a governmental organization that they can trust. My brain is limited on this, my information may not be very accurate but I definitely know that except the scammer just want to do something stupid.This looks like a repeated topic but I did not know where such a topic was posted recently because there are many topics about gambling addiction every time. Or maybe I am not right about it.
Topics about gambling addiction is very boring recently and always and many on this board.
Who wants to stop gambling addiction, it will start from the mind of the person. The person needs to know that their is no prospect in gambling and it can destroy someone's life if he does not quit the addiction. There are many gambling addiction bad news that you can research about and let the person know.
If what you posted is true, do not mind what I first wrote on this post, I am just talking generally and not targeting your topic.
Topics about gambling addiction is very boring recently and always and many on this board.
Who wants to stop gambling addiction, it will start from the mind of the person. The person needs to know that their is no prospect in gambling and it can destroy someone's life if he does not quit the addiction. There are many gambling addiction bad news that you can research about and let the person know.
If what you posted is true, do not mind what I first wrote on this post, I am just talking generally and not targeting your topic.
Re: How do you use your freebets? Single vs Multi, Low vs High Odds?
I prefer to go for the minimum odd which is 1.5. If I win up to 1.5 odds, I will withdraw the money immediately. But there are sometimes that I have to make it to the minimum withdrawal which was 0.001 BTC the last time I checked it. I just prefer to get to the minimum target and withdraw which I think is the best for me.
⭐ Merited by Igebotz (2)
What kind of miss? Have you forgotten his government?
Nope, not at all, it was an expression from him pitying Nigerians with regard to the performance of the next administration. What we have now is worse than his own administration right? I was only stressing a point that his administration was far better than what we're experiencing in Tinubu 's own.
In Buhari time, naira was fixed at some price that it supposed to have been devalued more from. Things went wrong during the time than most people can think now.
This present government is taking advise from IMF and World Bank which made the economy poorer. But neither government were good in my opinion.
If I begin the comparison, you will understand because I guess you are looking just at the fuel price only. Probably we may get up to that point. They are both same worst.
Is trying to recover lost crypto assets worth it? Is it going to lead to more loss?
The red flag is simple, and it is if the recovery site ask you to send them (the recovery site) money (like bitcoin), that they will recover the coins for you, know that you have been scammed again. I mean those online recovery service.99% of the online recovery services are scam. This is enough for people to learn how to do it by themselves.
If you send coin to a wrong address or a scammer, first research if the address belongs to an exchange or not. If it is not sent to an exchange, to recover it is difficult.
If someone scammed you like $1000, that is very small for legit recovery services. They prefer to trace huge amount of money like $50000 or even more. You will need to contact one of the Chainanalytic companies for this.