I can't think WHY Turkey would ban Crypto.
A desperate attempt to limit the people's horizon so that the TRY maybe somehow recovers. Spoilers: it won't, and the BTC ban will only make it worse for them since BTC will simply be used underground instead, lol. 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5614. (Read 26606831 times)
April 16, 2021, 07:46:13 AM
April 16, 2021, 07:26:19 AM
75/80K before end of April ? 
April 16, 2021, 07:18:34 AM
I can't think WHY Turkey would ban Crypto.
->
Bitcoin is winning more than you think.
HODL! Never sell!
->
Bitcoin is winning more than you think.
HODL! Never sell!
April 16, 2021, 07:06:25 AM
60k achieved easily, waiting for 75k now.
April 16, 2021, 06:57:43 AM
For your amusement (not to condone):
https://nymag.com/intelligencer/2021/04/nft-future-of-money.html
This kind of thinking does not bode well.
roaring 20ies anyone?
Asking serious questions, though:
"What is money now?" and "What’s the point of investing safely when Elon Musk can create and destroy millions of dollars of value with a couple of tweets?"
Indeed.
https://nymag.com/intelligencer/2021/04/nft-future-of-money.html
Quote
Can I SPAC GameStop with my NFTs?
This kind of thinking does not bode well.
roaring 20ies anyone?
Asking serious questions, though:
"What is money now?" and "What’s the point of investing safely when Elon Musk can create and destroy millions of dollars of value with a couple of tweets?"
Indeed.
April 16, 2021, 06:34:42 AM
The reason of this dump https://u.today/turkey-bans-use-of-cryptocurrencies-for-payments
Yeah, right, like the world gives a shit what happens in Turkey.
April 16, 2021, 06:21:09 AM
I can't decide whether I feel sorry for the Doge noobs who are about to get rekt, or whether they deserve it for blindly chasing greed.
I'm kind of leaning towards the latter.
I'm kind of leaning towards the latter.
The yankee doodle dandies just woke up so maybe this is going to go on for a bit longer.
Mental.
FOMO!
April 16, 2021, 06:16:47 AM
I can't decide whether I feel sorry for the Doge noobs who are about to get rekt, or whether they deserve it for blindly chasing greed.
I'm kind of leaning towards the latter.
I'm kind of leaning towards the latter.
April 16, 2021, 06:15:30 AM
Should have transferred my BTC holdings to a dirty dog to keep my assets safe I guess.
April 16, 2021, 06:11:34 AM
The reason of this dump https://u.today/turkey-bans-use-of-cryptocurrencies-for-payments
Of course. Turkey has debased their currency into shit, but the
Same old story.
April 16, 2021, 05:41:24 AM
Doge? wtf 
I hear doge is going to be the new BTC. Nah, just kidding but wouldn't surprise me if plenty of shills are out their saying that.
What's nuts though is everything. XRP for gods sake, and binance coin?? Seriously, a coin for a dodgy exchange worth almost 80 billion.
I don't like where this is going. Not because I'm worried these oscillators will dethrone BTC, they will have their 90% crashes again, but rather that this kind of crazy stuff has signified market tops in the past.
other day i had the geo dude over to check over and do an annual checkup on our geothermal hvac and dhw system. hes part owner of the company that installed it (he was there busting his ass just like his crew when it went in), has engineering degrees etc. iow no dummy. older gent, on the verge of retirement (loves his work and company though so prolly wont retire till he has to) and what does he come up with out of the blue? "ever hear of bitcoin?" i mentioned ive looked into it and played with it (didnt go into detail of what i had of course and he never asked, and i didnt ask him of course either) but we did get into the decentralized part, fixed supply, trustless, the inflation of fiat, musk and other institutions getting btc on their balance sheets instead of fiat. spoke of banks that years ago closed accounts for being hooked to exchanges and now are tripping over themselves to get in on the action. and other signs that fiat is on its way out. he was surprisingly knowledgeable on a lot of it already. while of course btcs been all over the news lately too but not the parts we discussed, so he had done some digging on his own.
but. he seemed to like doge coin because of musk. i mentioned it started as a joke and while money can be made with it, btc was the Real Deal.
hoping he has a stack of btc sitting around. damn hard worker, he deserves not to have his retirement ripped out from under him by our ever helpful brrr machine.
April 16, 2021, 05:19:07 AM
Saylor believes the 4 year cycles are over. In any case, their company is hodling for a minimum of 5 years.
I think he is wrong, that would mean that the halving and subsequent boom would never again be followed by a bust. No way, it's way to early for that.
I don't think he's completely correct either. So it could be there might be a bear winter thing, but maybe not 80% to 90% corrections. If you are prepared for that, and we get a smaller one, then you should be fine.
And the next halving is a puny thing, taking just a little over 3 btc per block. So maybe not completely correct, but this halving will be disappointing IMO. What will not be disappointing is what happens between now and said halving. I think we're going to see things we've never seen before.
It seems quite premature to be suggesting that this upcoming halvening is NOT going to be significant and even go so far as to call it "puny" when the fact of the matter remains that the impact of the value of the coins ONLY needs to be around 2x in order for the halvening to have a similar value impact (sure there may well be some other factors, but on the face of it, think about it).** So, the 2020 halvening had BTC prices bouncing between $7k and $10k at around the time of the halvening, and do we have at least double that value now? And what is going to be the value of BTC at around the time of the 2024 halvening? Get a grip peeps, including uie-pooie, d_eddie. Or am I reading you wrong?
What price do you expect BTC to be around the 2024 halvening? I surmise that the BTC price around the 2024 halvening is going to be at least $60k.. which would be more than 6x the BTC price around the time of the 2020 halvening. Would that be significant? Would that be "puny"? Here's my "speculation" of an answer in small text... so you do not read my answer before coming up with your own answer... do your own mental, logical and factual based work, peeps.. and don't be lazy fucks.... : Would that be significant? well, yes. Would that be "puny"? not only no.. fuck no.
**By the way, I will grant you some benefit of the doubt in regards to the required BTC price needing to be more than 2x higher in order for the impact to be higher based on the assessment of the size of the reward to BTC's whole circulating supply... Nonetheless, I am going to still use 2x as a general mental guideline.
The price in usd being 2x does imply that the impact of the halvening in usd will be the same, yes. In this sense it is not "puny". And I personally think the price will be quite a bit more than 2x. I don't want to go pie in the sky, as someone likes to say, but 20x or more can't be ruled out.
The reason I still think it can be considered puny is because the ratio coinbase_rewards/miner_fees lies mostly in the 10%-14% interval (it changes from block to block). It means 10%-14% of miner income today does not depend on the progressively dimishing reward.
If the fees don't change much (and it's a big if admittedly), a halvening would bring the ratio in the range 20%-30% - so let's take 25% as the reference figure: one fourth of miner income will not depend on the reward. At the following halvening (2028) it will be 50/50, always with the unsafe assumption of fees not moving much.
Actually, I think asymptotic inflation in miner fees, in a perfectly competitive market, should only depend on the btc cost of equipment depreciation+electricity - which is supposed to go down while king daddy keeps doing his NGU stuff.
Whatever, it's over my head already. You can visit Saylor and invite him to a tandem session of legendary self-eroticism.
(Which is my alternative way of respectfully, friendly telling you to go fuck yourself - merely a response to that angle where you say my lil selfie should get a grip!)
Hahahahaha.. I stick to my position.. that you should go get a grip... etc etc.. , and we can agree to disagree regarding this somewhat speculative matter that could take a few cycles to play out to verify whether the upcoming near-term halvenings are becoming relatively "puny" or no (or would it be that they are becoming increasingly more puny from your point of speculation?)... but I appreciate you explanation and rationale regarding why you are considering halvenings becoming relatively "puny" in the near future. .. and part of the dispute seems to be that you are asserting that there are decent chances that we are going to be witnessing "puny" effects of halvening in this upcoming cycle (which is kind of assuming the affects to the 2024 halvening - thereby in 2025-ish to 2026-ish to already starting to show signs of "puny"
By the way I would bet you (a kind of gentleman's bet of course) in the event that we could narrow down the terms of such a bet to a short period of time, for example if you are suggesting that we would already be seeing these kinds of "puny" dynamics playing out in the next halvening (therefore it would be noticed and verified by 2025-26) .. which seems a bit bonkers to me (requiring the grippening getting), then maybe we could have a bet that goes to that point.
On the other hand, if you are suggesting increasing relative "puniness" in each of the coming halvenings, then I am not sure how many halvenings we could allow such a bet (assuming that we could even sufficiently specify such a bet) would need to be seen to play out and determine if one direction or another is playing out more or even if we really disagree or not about this.
In any event, sticking to what seems to be your original assertions, would the next halvening be sufficient to see and to verify if the "puny" had actually played out to your specifications (which kind of seems to be what you were initially suggesting)? or do we need more than one halvening to see and verify the "puny" starting to play out?
Seems to me that neither of us can go fuck our lil selfies until we verify the terms of our nonsense, if such nonsense were to be in existence?
April 16, 2021, 05:08:51 AM
April 16, 2021, 05:08:14 AM
Can m-of-n secret sharing generate a bitcoin public key without knowing the private key
while still empowering a future m-of-n quorum to generate that private key?
Yes.
Exploit the distributive property of elliptic curve operations, i.e.
G*(A + B + ... + X) = G*A + G*B + ... G*X
where * and + represent elliptic curve multiplication and addition.
Simple example: 2-of-3 secret sharing among Alice, Bob and Carol.
The procedure
Step 1.
Bob and Carol collaborate to create raw PrivKey0, and publish the hash. Each party keeps their own copy of PrivKey0.
Alice and Carol collaborate to create raw PrivKey1, and publish the hash. Each party keeps their own copy of PrivKey1.
Alice and Bob collaborate to create raw PrivKey2, and publish the hash. Each party keeps their own copy of PrivKey2.
Code:
Alice Bob Carol
PrivKey2 + +
PrivKey1 + +
PrivKey0 + +
Step 2.
The group generate PubKey0, PubKey1, PubKey2 by performing Bitcoin secp256k1 elliptic curve multiplication on the PrivKeys.
Then they perform elliptic curve addition PubKey0 + PubKey1 + PubKey2, which creates a group public key.
Bitcoins then get sent to an address generated from the group public key.
Step 3.
When it comes time to retrieve bitcoins, two people from the group form a quorum, combine their resources and gather the PrivKeys.
(The combinatorial distribution illustrated in the table above ensures that two people are necessary and sufficient to source PrivKey0, PrivKey1 and PrivKey2.)
Elliptic curve addition PrivKey0 + PrivKey1 + PrivKey2 generates the group private key, unlocking the bitcoins. Done!
The private key never manifests itself at all until the quorum gathers, collocates information, and performs the elliptic curve operations.
This is safer than secret sharing schemes that need to start with some party recording the group's private key.
Note:
If the key construction goes wrong because a rogue member provides a false PrivKey, checking the hash exposes the perpetrator.
Appendix: Larger Groups
Combinatorial arrangements cover any size group.
Example
3-of-6 secret sharing requires "6 choose 4" = 15 PrivKey combinations.
3 people are necessary and sufficient to construct the secret.
There are 20 ways to form a quorum of three people out of six (6 choose 3 = 20).
Code:
Alice Bob Carol Dave Edna Frank
PrivKey14 + + + +
PrivKey13 + + + +
PrivKey12 + + + +
PrivKey11 + + + +
PrivKey10 + + + +
PrivKey 9 + + + +
PrivKey 8 + + + +
PrivKey 7 + + + +
PrivKey 6 + + + +
PrivKey 5 + + + +
PrivKey 4 + + + +
PrivKey 3 + + + +
PrivKey 2 + + + +
PrivKey 1 + + + +
PrivKey 0 + + + +
Biggest drawback to combinatoric secret sharing: combination table size increases exponentially with the number of participants.
April 16, 2021, 04:50:03 AM
I'm going to take advantage of all these idiots buying doge and put a volatility bot out there and kill on btc/doge.
Gotta take advantage of these seriously shit shitcoins and make some corn on em.
[...]Gotta take advantage of these seriously shit shitcoins and make some corn on em.
I am thinking, personally, that the ONLY ways to win is to NOT play..
[...]
I've been saying this for years... Few, if any, listen, because "it's too expensive".
April 16, 2021, 04:42:29 AM
[edited out]
Yupp
A friend of mine from my old job started vaping instead of smoking. He got a cough so severe he had to pull over if he was driving because he was on the verge of blacking out (he's a lorry driver).
When he switched back to cigarettes the cough disappeared.
The cough was his lungs trying to heal themselves. He blew it.
Some people are retarded when it comes to topics like that. Their short-term desires overwhelm them and then they come up with excuses for why they are doing the thing that is clearly going to accelerate their death.
I'm going to take advantage of all these idiots buying doge and put a volatility bot out there and kill on btc/doge.
Gotta take advantage of these seriously shit shitcoins and make some corn on em.
Gotta take advantage of these seriously shit shitcoins and make some corn on em.
Yeah right... that sounds like a great plan.
I am thinking, personally, that the ONLY ways to win is to NOT play.. but each of us have our own views about our skills and abilities.. hopefully you are not putting too much value at risk.. or really leveraging with margin that could reck you way faster than you would normally just reck ur lil selfie with the normal passage of time...
. April 16, 2021, 04:21:11 AM
Damn. My cousin (the altcoiner I'm meeting tomorrow), once had nearly 1 million DOGE. At that time he said he would not touch them until the thing pumped. He ended up selling them early and without much profit. Now he has none. I guess it's a roll of the dice. For some it works, for most it doesn't.
That's the problem with alts, up and down like a whore's panties.The only sure thing is to buy Bitcoin.
Tried, tested and proven by math & science.
AgreedTried, tested and proven by math & science.
And no, llamas cannot sing.
Well they try, but usually it sounds like they have been constipated for years with the amount of shit that comes out of them. April 16, 2021, 03:30:24 AM
Damn. My cousin (the altcoiner I'm meeting tomorrow), once had nearly 1 million DOGE. At that time he said he would not touch them until the thing pumped. He ended up selling them early and without much profit. Now he has none. I guess it's a roll of the dice. For some it works, for most it doesn't.
The only sure thing is to buy Bitcoin.
Tried, tested and proven by math & science.
And no, llamas cannot sing.
Edit:
Some lucky guy will buy cheap tomorrow.
As for the rest of us: how does it feel to be poor, motherfuckers?
The only sure thing is to buy Bitcoin.
Tried, tested and proven by math & science.
And no, llamas cannot sing.
Edit:
Some lucky guy will buy cheap tomorrow.
As for the rest of us: how does it feel to be poor, motherfuckers?
April 16, 2021, 02:04:52 AM
Wag the DOGE
EDIT:
April 16, 2021, 01:37:22 AM
.....
Doge?wtf much gentleman
Ftfy Doge?
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