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Showing 20 of 44 results by w0lverine
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Board Bitcoin Discussion
Re: I am writing an article on how to stop bitcoin. Can you guy help out?
by
w0lverine
on 07/04/2021, 10:39:00 UTC


Maybe a more realistic question: what would stop average people from using bitcoin.

Corporate
1.  Banks and Corporations buy up the majority of bitcoins driving the price higher that the majority can afford.
2.  The Bitcoin devs limit the onchain transaction capacity causing the transaction fees to be unaffordable compared to all alternatives such as offchain networks and altcoins or even the normal fiat banking system. Making sure only the elite rich transact in bitcoin.



I really like this point. Thanks.
although I am not sure a high price is a thing that would destroy Bitcoin, it does raise the point that supply may just be held in a few "poles" and not released to the public.
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Topic
Board Bitcoin Discussion
Re: I am writing an article on how to stop bitcoin. Can you guy help out?
by
w0lverine
on 06/04/2021, 11:17:57 UTC
So you are against Bitcoin am I right?

No, I couldn't be more for it. But I want to play the devil's advocate and try to argue different way to stop it.
If we are to make this space advance we need to see where our weaknesses lie.
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Topic
Board Bitcoin Discussion
Merits 4 from 2 users
Re: I am writing an article on how to stop bitcoin. Can you guy help out?
by
w0lverine
on 05/04/2021, 07:29:14 UTC
⭐ Merited by vapourminer (2) ,Halab (2)
Quote
Decentralized.
Anyone is allowed to run their own node, with no permissions. The network works peer-to-peerly and thus, there's no border to "stop" it. There's nothing to be "stopped", only nodes communicating with each other through the TCP/IP protocol.

This brings in a new point. Can ISPs block or delay a node or miner traffic? Isn't the bitcoin related internet traffic hanging on the stratum protocol?
perhaps one can be tempted to say that if it does happen then we fork into using a new protocol. Then it will be a cat and mouse game.
Routing it over TOR would make the whole ecosystem quite slow, but is it still fast enough to keep the 10min block going?
Do I have it all wrong and the Bitcoin traffic is indistinguishable / piggybacking on the normal internet traffic?

Quote
Censorship-resistant.
Since it's decentralized, there is no authority to freeze a transaction, which makes bitcoin censorship resistant to anyone who could govern the way money circulates. This frees people.

Yes but government banning on/off ramps and illegalising the trade can and will affect the ecosystem. Pushing the whole system underground is the answer but at what cost? can it survive forever underground? will users still want to take a risk of using it? will the community still believe in Bitcoin at this point?
a lot of ifs... I know..
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Topic
Board Bitcoin Discussion
Re: I am writing an article on how to stop bitcoin. Can you guy help out?
by
w0lverine
on 05/04/2021, 06:49:56 UTC

Quote

Bitcoin is not only a “currency”, or some consider a “commodity”, it’s a censorship resistant, multi-generational protocol too. The market can be stopped, but Bitcoin goes somewhere it can find efficiency and flourish.



Thanks, that is helpful!

Quote

Overestimated. Ignore.


I think this is an important part, no matter what we think about "The enemy chain" it did polarize the community and managed to gather a lot of hash power. And most important of all, it audited the blockchain. everyone moved their coins, Exchanges had to prove they held funds and Big stash such as Satoshi and early miners didn't move.

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Topic
Board Bitcoin Discussion
Re: I am writing an article on how to stop bitcoin. Can you guy help out?
by
w0lverine
on 05/04/2021, 06:37:53 UTC
The end goal of the article would be to show that there is now way to stop it. The nodes will be validating the rules, the miners mining and a block containing transactions will continue to be mined every 10 minutes.

So I am taking the ideas that people new to the system can have when it comes to their notions of stopping bitcoin. stuff like "what is government ban it", "what if they hack it"...
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Board Bitcoin Discussion
Topic OP
I am writing an article on how to stop bitcoin. Can you guy help out?
by
w0lverine
on 05/04/2021, 06:25:57 UTC
Hi everyone I am writing a small article on how Bitcoin can be stopped. Mainly to serve my little community who keep asking me questions.
My main ideas for the moments are below, any input whatsoever, constructive criticism is more than welcome.

Wall Street hand to manipulate markets
JPMorgan talking bad now entering
Coinbase ipo
Etfs
Institutional long and short
Bitmex guy under investigation


Bcash and other forks as a political control of the comunity
Political attacks
Auditing the chain through forks
divide and conquer


Government bans
Push market underground
On off ramps
KYC to persecute

Hacks
51% attacks
quantum computing
Mt Gox
Cryptsy


Post
Topic
Board Development & Technical Discussion
Re: Question about Wt in the SHA-256 algorithm
by
w0lverine
on 16/03/2018, 17:26:04 UTC
You left out a line of pseudo-code:

It should be:

For i = 1 to N
Wt = {
    Mti  (when 0 ≤ t ≤ 15)
    ROTL1 (Wt−3 ⊕ Wt−8 ⊕ Wt−14 ⊕ Wt−16) (when 16 ≤ t ≤ 79)
}


N is the number of blocks in the padded message, so the first line says to loop through all the blocks in the message (this explains where the i in the Mti comes from).

Wt is the tth word of the message schedule, so when processing word #1, that would be W1, when processing word #2, it would be W2, and so on.

For each word of the message schedule, you perform one of two processes...

If you are processing any of the first 16 words in a message block (word #0 through word #15), then you simply set Wt to the value of that word:
Mti is just the tth word of the ith message block

If you are processing any of the remaining words in a message block (word #16 through word #79) then you set Wt to the result of the following function:
ROTL1 (Wt−3 ⊕ Wt−8 ⊕ Wt−14 ⊕ Wt−16)

ROTL1 means to perform a one bit circular left shift.

The thing that is being shifted is the result of:
Wt−3 ⊕ Wt−8 ⊕ Wt−14 ⊕ Wt−16

Remember that you are processing the tth word and that this only happens when you are processing words 16 through 79, so for example:
If t is 17 then you perform:
W17−3 ⊕ W17−8 ⊕ W17−14 ⊕ W17−16
complete those subtractions and you find that you are performing:
W14 ⊕ W9 ⊕ W3 ⊕ W1
Since  is the symbol for the EXCLUSIVE OR (XOR) operation, you need to perform an XOR on those 4 words of the message schedule.

This set of instructions is performed for all 80 words in the message block (word #0 through word #79)



Thank you very much for your answer Danny, I am still digesting it.
I am not too sure where N comes from in BTC, is it from a previous block (blockchain block)?
What is a block in this equation? is it a 32bit chunk of the padded message?

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Topic
Board Development & Technical Discussion
Merits 8 from 4 users
Question about Wt in the SHA-256 algorithm
by
w0lverine
on 14/03/2018, 11:16:40 UTC
⭐ Merited by malevolent (3) ,DannyHamilton (2) ,ETFbitcoin (2) ,criptix (1)
Hi everyone I have recently gotten into trying to understand the math behind Bitcoin and cryptography.
Right now I am concentrating on the SHA-256 process mostly using http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html & https://en.wikipedia.org/wiki/SHA-2#Pseudocode & https://csrc.nist.gov/csrc/media/publications/fips/180/4/final/documents/fips180-4-draft-aug2014.pdf as a starting point

I have trouble understanding the following:
Where does the Wt value comes from, how to calculate it and how it relates to the previous block. I cannot understand the origin of this value at all.


Thank you

Edit:

Basically I am trying to understand this:

Wt =

Mt (i) for ≤ t ≤ 15

ROTL1 (Wt−3 ⊕Wt−8 ⊕Wt−14 ⊕Wt−16 ) for 16 ≤ t ≤ 79
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
w0lverine
on 23/12/2017, 13:54:35 UTC
09/03/2018 Is my prediction, can I be on the list?
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Topic
Board Bitcoin Discussion
Re: Futures - The big short
by
w0lverine
on 04/12/2017, 09:07:42 UTC
I agree that this might be a real possibility but how about the other camp? the people waiting to buy?
Post
Topic
Board Speculation
Re: Speculators - at what price will you sell?
by
w0lverine
on 16/08/2017, 19:59:50 UTC
I am a little bit more long term on btc. I already recuperated my initial investment so I think that anywhere around 500k-800k I will start selling some.
I know it sound outrageous now but I do believe in the potential.
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Topic
Board Speculation
Re: Can we see $50 ?
by
w0lverine
on 25/07/2017, 23:30:49 UTC
Don't expect that you can buy bitcoin with $50 bitcoin will never get back to that price its impossible to happen right now if you can realize and think deeply who those support bitcoin and there are countries that bitcoin are accepting and you don't realize many business online are accepting bitcoin?
and many people are using bitcoin so its impossible bitcoin price will drop at that price.. And i think devs are holding a funds to support bitcoin when never the price is drop below 2k look at the fluctuate there are someone are sill supporting bitcoin just to stay the price at 2k value..

We could go down to even lower than $50, don t forget where we come from. there are always ATH and monument crash in history and the bitcoin cycle seems very volatile.
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Topic
Board Speculation
Re: Worth investing as a student?
by
w0lverine
on 25/07/2017, 05:49:43 UTC
yes, definitely. Invest as much as you are willing to lose and enter the ecosystem. it is different when you own some btc
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Topic
Board Speculation
Re: Nights Watch by Afrikoin
by
w0lverine
on 25/07/2017, 05:39:08 UTC
it does seem like the general sentiment is bullish again
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin
by
w0lverine
on 25/07/2017, 05:27:40 UTC
it is a very strong possibility that we will hard fork.
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Topic
Board Service Announcements (Altcoins)
Re: 【BOT】 🌟 C.A.T. Cryptocurrency Automatic Trader 5.1 Improve Your Trading !!!! 🌟
by
w0lverine
on 10/07/2017, 02:58:21 UTC
Hi Sampey, quick question.
How can I have CAT delete all current orders from a market and create new one when price falls of for ex 5% ?
I know you answered a little bit last time but I am still unable to do it.
Thank you

Edit:

I keep getting these kind of errors when creating from pool no matter what ammount:

2017-07-10 11:09:12| OCR : Try To Create new Order (From Ping Trade) PONG : BUY 0.17061335@2494.82 (Dynamic)
2017-07-10 11:09:12| **********************************************************************************************************************************************************************************************************
                     * Error : OCR : Create Order (From Ping Trade) Error From BitStamp : {"__all__":["You need 426.68 USD to open that order. You have only 426.18 USD available. Check your account balance for details."]} *
                     **********************************************************************************************************************************************************************************************************
2017-07-10 11:09:12| OCR : PONG : BUY 0.17061335@2494.82 (Dynamic) Order Creation Attempt Is Discarded
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Topic
Board Service Announcements (Altcoins)
Re: 【BOT】 🌟 C.A.T. Cryptocurrency Automatic Trader 5.0 Improve Your Trading !!!! 🌟
by
w0lverine
on 30/06/2017, 03:42:49 UTC
Hi Sampey, 2 questions today.

1/ if  the prices is 100 and I got a dynamic order to buy at 90 and the market change and price is now 120, will CAT adjust and create an order reflecting this price? how about if the market fall to 80?

2/ I keep getting error similar to the one below, How can I prevent it? It always happen after a while, why doesn't cat readjust for the available funds in the pool?


2017-06-30 11:37:16| OCR : Try To Create new Order (From Pool) PING : BUY 0.00198909@2513.72 (Dynamic)
2017-06-30 11:37:16| ************************************************************************************************************************************************************************************************
                     * Error : OCR : Create Order (From Pool) Error From BitStamp : {"__all__":["You need 5.02 USD to open that order. You have only 2.59 USD available. Check your account balance for details."]} *
                     ************************************************************************************************************************************************************************************************
2017-06-30 11:37:16| OCR : PING : BUY 0.00198909@2513.72 (Dynamic) Order Creation Attempt Is Discarded
Post
Topic
Board Speculation
Re: How can you know it is the last dip? (Bitcoin)
by
w0lverine
on 27/06/2017, 00:46:04 UTC
Thank you for the straight forward replies

@alani The news are so negative right now. They're scaring away all the newcomers. This is why such a small percent use cryptocurrencies...

@boyptc Gut feel, yeah, I can't rely on mine. I'm not in for a long time. But for example, when NMR reached $100, one guy on discord said "there will be one more hump to $130-150 then it will dump" - It happened! I know, everyone is saying something and it can be only luck or coincidence. But he said he knows how to recognize the P&D, and the pattern applies. Looking for a pattern :\

@socks From what I heard, whales can't manipulate btc so easy. At least not as easy as they're doing with alts. I don't think will get any positive news on btc any time soon^^

We are getting  a lot of positive news lately. India legalising, IMF encouraging cryptos, Governments experimenting
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Topic
Board Service Announcements (Altcoins)
Re: 【BOT】 🌟 C.A.T. Cryptocurrency Automatic Trader 5.0 Improve Your Trading !!!! 🌟
by
w0lverine
on 26/06/2017, 06:02:00 UTC
Hi Sampey can you elaborate on the following and how to incorporate it happen in a wordpress website?
---> "Make a Post To URL When a Ping-Pong Is Completed"


Edit: also I cannot find BTC/LTC on bitstamp, is the API not reflecting the new addition?
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin savings account?
by
w0lverine
on 26/06/2017, 04:17:20 UTC
I don't recall any in particular but you can lend Bitcoin trough some exchanges like polo and get interest back although I would advise against.
Also, with RSK coming close to integrate smart contract in the Bitcoin block chain we might see a more secure system of lending and interest.