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Showing 14 of 14 results by LongTimeAgo
Post
Topic
Board Bitcoin Discussion
Merits 4 from 2 users
Topic OP
What if the fees aren't enough?
by
LongTimeAgo
on 04/05/2022, 00:43:48 UTC
⭐ Merited by DdmrDdmr (3) ,bbc.reporter (1)
I know its heresy but I'd really like to entertain a discussion on both sides regarding a concern of mine. What if transaction fees aren't enough to incentivize the miners to secure the bitcoin network? I think this is a potential problem we may see in the next few decades as the halving continues on. My hope is that we will have enough people using the bitcoin network to have a healthy fee market, but if we have weak periods like now where there are several unfilled blocks, wont miners just turn off their equipment as they are unprofitable? What options or solutions are being discussed to help mitigate this?
Post
Topic
Board Bitcoin Discussion
Topic OP
What if Bitcoin is overtaken by Ethereum in market cap?
by
LongTimeAgo
on 05/12/2021, 00:19:32 UTC
Or any other alt coin for that matter? I'm wondering if and how it would damage/tarnish Bitcoin's reputation as the Gold standard of all cryptos. I believe it may also affect how institutions view bitcoin, and it may even affect the idea of digital scarcity. No longer can we assume that bitcoin (or its usurper) will remain #1 forever, so how can you imagine it as a safe long term store of value or preserver of wealth? Is the idea of true digital scarcity threatened if bitcoin loses it's #1 rank?

For example, I imagine it would be like silver flipping gold's market cap,  whichwould forever alter how gold is perceived, especially by new potential investors
Post
Topic
Board Gambling
Re: ✅ SwC Poker ♣️ BITCOIN POKER ♣️ Hold'em✅ PLO✅ Mixed✅ MTT✅ ♣️ BBJ🌟 ♣️ BIG BTC🏆
by
LongTimeAgo
on 15/08/2021, 22:53:26 UTC
Whats the highest stakes for NLH that run here?
Post
Topic
Board Electrum
Merits 1 from 1 user
Topic OP
Official Electrum Lightning Node?
by
LongTimeAgo
on 27/07/2021, 07:26:02 UTC
⭐ Merited by Pmalek (1)
Is there an official electrum lightning node? Trying to support the LN network and would love to open a channel to it to help out. Can't figure out if its this:

Electrum:
https://1ml.com/node/0284a249ee165723f01ae08dc340f9f60bcbce8dda2140401f1bd7548ef11dd5e6

or this:

Electrum Trampoline:
https://1ml.com/node/03ecef675be448b615e6176424070673ef8284e0fd19d8be062a6cb5b130a0a0d1

Or perhaps both? Which one would be the best to connect to in order to help provide liquidity and connectivity for electrum wallet users?
Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Topic OP
Is there any risk if some receive addresses are accidentally revealed?
by
LongTimeAgo
on 15/06/2021, 00:18:22 UTC
⭐ Merited by vapourminer (1)
If a large amount of unused receiving addresses were accidentally revealed (say 50 or so), is there any risk to the funds that may be stored in that wallet? Assuming the revealed addresses remain unused. I'm wondering if there's an increased risk of reverse engineering the private key if enough public addresses are known
Post
Topic
Board Bitcoin Discussion
Doge has taken received most of the retail hype this bull cycle.
by
LongTimeAgo
on 19/04/2021, 08:29:47 UTC
With Doge taking all the retail investors this cycle, I'm thinking we won't see a blow off top anymore. This cycle's bull run will primarily be run by institutions and true hodlers. Also, out of all the other shitcoins out there, Doge actually is one of the few that didnt have a premine afaik, was fairly distributed?, and seems to have captured retail investor frenzy. Is it possible that Doge can eventually rival Bitcoin? It's only a 20x or so from here to reach BTC market cap. Or is it a bubble waiting to pop. Most of the arguments made against doge were the same ones made against Bitcoin many years ago.

Lastly, I would actually be quite sad if Doge somehow dethrones Bitcoin, because that would invalidate the social experiment of true digital scarcity.
Post
Topic
Board Bitcoin Discussion
Re: BTC losing its dominance big time
by
LongTimeAgo
on 11/04/2021, 19:41:31 UTC
Isn't it natural that Bitcoin dominance will continue to decrease as a total % of crypto market cap, simply because there can be an INFINITE amount of shitcoins introduced into the market but only 1 Bitcoin?

This means that while bitcoin dominance may continue to decrease as a total %, it is HIGHLY unlikely that any other shitcoin will ever dethrone Bitcoin in terms of market cap. Bitcoin has already won the race.

Post
Topic
Board Bitcoin Discussion
Topic OP
Any wallet that works with Trezor and supports the following?
by
LongTimeAgo
on 27/03/2021, 03:41:07 UTC
Looking for a wallet that can connect to my Trezor T and support the following: Full Node, Multisig, and Ethereum.
Post
Topic
Board Bitcoin Discussion
Re: Have an old laptop I purchased used in 2011
by
LongTimeAgo
on 03/03/2021, 06:23:11 UTC
I will say its a waste of time, because you didn't store any bitcoins in that laptop right? even if you did still the chances of recovering the wallet.file is less to none since you formatted it and used it for one years? Which is enough time to rewrite on all the space of your hard drive for sure by considering the year.

Both disk formatting and repartition don't remove the data and there is still a good chance to restore file/s even after the year of the disk usage. Stellar Data Recovery did this for me when I lost the file after restoring OS via its backup image. During the restore the old partitions were deleted while the  new ones were formatted. So it is always good to try, read my story if interested.



Thanks I'll look into stellar data recovery as well
Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Have an old laptop I purchased used in 2011
by
LongTimeAgo
on 03/03/2021, 06:09:47 UTC
⭐ Merited by vapourminer (1)
Did you buy this notebook from someone else or did you buy it brand new for yourself? This is important, because if you bought it second hand from someone else, the possibility might be that the person you bought it from might have been into Bitcoin at the time, so it will not be time wasted to check.

If you bought it brand new, you yourself will know if you used it for Bitcoin or not....right? (You can search for the default "wallet.dat" file like this guy did... https://fabian-kostadinov.github.io/2021/01/07/how-i-found-and-cashed-in-a-bitcoin-wallet-from-2011/

Good luck... hope you find something.  Wink




I bought it used on craigslist from a gamer young adult male in his early 30s. I figured the profile might fit as somebody who could possibly have been into btc. Smiley
Post
Topic
Board Bitcoin Discussion
Topic OP
Have an old laptop I purchased used in 2011
by
LongTimeAgo
on 03/03/2021, 05:11:12 UTC
I have an old gaming laptop that I purchased used in early 2011. I reformatted the hard drive at least once with windows, used it for maybe a year, and its been dormant since 2012.  The chances are slim to none, however, before I chuck the laptop I thought it would be a good idea to at least see if there may have been a bitcoin wallet on the hard drive. Is there any easy way of doing this? Or totally pointless.
Post
Topic
Board Bitcoin Discussion
Topic OP
Doublespend on longest chain?
by
LongTimeAgo
on 21/01/2021, 08:56:55 UTC
Post
Topic
Board Bitcoin Discussion
Topic OP
How risky is Tether to Bitcoin?
by
LongTimeAgo
on 11/01/2021, 00:12:07 UTC
Trying to figure out of all this news about tether being a scam/ticking time bomb is a black swan threat to bitcoin or if it's FUD. Would love to hear your thoughts.
Post
Topic
Board Bitcoin Discussion
Topic OP
I recall doing some recreational btc mining a few years ago. Don't recall where
by
LongTimeAgo
on 04/01/2021, 01:09:33 UTC
I think I did some recreational mining during the BTC hype of 2017. I didn't do it for long and I doubt its worth anything, but I figure I should try to recover it. Does anybody know where I could start looking? What popular mining software was being used around 2017?