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Messages - ABCbits

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376
Bitcoin Forum / Re: BTC failing as a payment method
« on: January 30, 2024, 12:11:01 PM »
What are your thoughts on this Decembers congestion in the mempool and how were you able to complete your transaction?

I simply pay for more stuff/goods at once when i create Bitcoin transaction. Besides, achieving both decentralization and cheap TX fee is really tall order.


~snip~
bitcoin became more of an investment asset than a currency. This is the reality that everyone has embraced.
~

Yep, For now bitcoin more of an investment asset, but don't worry.
At the coming years bitcoin will be a currency and payment method.
Bitcoin will be more popular.
we know, bitcoin still against negative issues and several time has been blocked at several countries.
It's just processe..So wait and see.
I believe bitcoin will be currency.
It need a long time, not fo now.

But we can do more than believe, by using Bitcoin as payment method. Paid VPN or gift card usually are good starter.

377
Forum related / Re: What subforums should be removed ?
« on: January 29, 2024, 01:23:56 PM »
admin, can we get an update on how things are developing here?
Perhaps which proposals are being considered, which have been adopted... I believe that if you have any doubts, maybe a discussion and additional suggestions would help.

It looks like admin already made several change without creating notice/announcement. For example, all threads created on "Further Education" moved to another board and "Further Education" now located under "For Beginners" while previously it was under "Learning & News".

378
It's a shame CoinGecko doesn't mention whether the price already include transfer cost or not. For example, Storj have additional bandwidth cost[1] which usually seen as hidden/extra cost.

I think IPFS is based on Filecoin and it works similar decentralized way like bittorrent.

That's not true. IPFS is independent project/network. Skimming IPFS blog[2], Filecoin is optional where it's used to ensure certain content remain available by paying someone.

[1] https://docs.storj.io/dcs/pricing
[2] https://blog.ipfs.tech/2021-06-03-ipfs-filecoin-content-persistence/

379
Privacy Coins Forum / Re: CMC is JUNK and Anti Privacy!
« on: January 29, 2024, 12:58:20 PM »
I didn't expect CMC to fall this low.

They made ICP or Internet Computer as number one privacy coin that has nothing to do with privacy at all, and it is ranked above Monero now.

In addition, when i checked ICP website (which mentioned by CMC), the homepage doesn't even mention privacy or anonymity.

Even worse, they added WLD Worldcoin ranked at fifth place and they literally scanned eyeballs of people around the world for this crap  ::)

At least worst, someone who works for CMC check their homepage and immediately categorize WLD as privacy coin due to words "Privacy-first". Although

380
My personal opinion is that it is a measure that is easy to manipulate and therefore cannot be trusted.

Yeah, manipulation is big concern when we use ranking or market cap. Many stablecoin gain high position by convert fiat to their stablecoin. And for really unpopular coin, it's trivial to manipulate exchange rate in order to boost their position or make their coin appear on top rising coin. Even BSV have position #51 on CMC.

381
They do removed liquidity? Which means they are very centralized and other user are affected. This is one of the reasons not to use all these centralized coins/tokens.

It's possible they actually wanted to say they don't accept trading request from decentralized exchange. Nevertheless, i would assume such token is centralized on certain aspect.

Animoca constantly keeps getting bad publicity, I am feeling like its just a company that is not managed well. Good news is, there was not a single token stolen from the people, it was just the reserves for the team, nothing more. That did not stop people selling of course, its basically already gone. In any case, I feel like this wasn't that big, plus it wasn't 600 million dollars or anything, it was less than 15 million dollars worth at the time of hack, probably much much less now. They should be glad that it stopped there, it could have been something much major if they didn't stop the hackers on time, it was only the reserves that got hacked, so it should be fine.

But CoinMarketCap state there are only 3.18 billion GMEE token[1]. About 1/5 of all token got stolen sounds very serious to me.

[1] https://coinmarketcap.com/currencies/gamee/

382
It's great to see cryptocurrency company receive investment. But even though these days Brink offer some digital product/service, i don't expect their expertise very useful for BitGo wallet and custodial service.

383
Forum related / Re: Password Encryption on Altcoinstalks
« on: January 27, 2024, 01:13:42 PM »
Here is the hasing code used to generate the hashes
sha1(strtolower('username') . 'password');
That's a form of salted password so breaking it fairly impossible.

If i understood it correctly, does that mean the salt is our username? If it's true, IMO it's not very strong since the salt is known and one high-end GPU can perform 51 billion SHA1/second (Hash-Mode 110)[1]. Please correct me if i'm wrong.

[1] https://gist.github.com/Chick3nman/32e662a5bb63bc4f51b847bb422222fd

384
Yes, i mostly agree with opinion stated by their editor. Although ETF won't make people actually adopt Bitcoin since they use custodial service and can't create Bitcoin TX as they want.

385
Bitcoin Forum / Re: LIST - Bitcoin mixers & Tumbler services! ✅✅
« on: January 26, 2024, 12:05:39 PM »
Do you know any other forum or place that is advertising mixers right now except Altcoinstalks?

I've seen mixer or similar service advertised on Dread.

Personally, I don't see a big problem with mixers as I don't see eye to eye with the governments and in this age where data can be a treasure it is time that we secure our data and not be shared to anyone without our permission. Using the best mixer in the market according to one's preferences is one option one can use to evade intrusion into a person's privacy.

Although we must remember there's no way to know whether a mixer actually want to protect privacy or honeypot created by government.

386
But zcaah and dash are also good privacy coins.

In this thread i already mentioned weakness of Zcash and DASH. But do you mind sharing reasons why you think those coins are good privacy coins?

387
Bitcoin Forum / Re: Mempool Observer - Discussion about Bitcoin Fees
« on: January 26, 2024, 09:43:30 AM »
Check this Blockstream help guide, https://help.blockstream.com/hc/en-us/articles/900001387106. But that guide is outdated since few website i checked doesn't show L-BTC as trade/exchange option.
okay reading it now.  I will add to this post in a few minutes

After checking it a bit I would not do L-BTC

If I want to do small btc moves I would do kyc with kraken because kraken will allow me access to its LN wallet.

I would put in $500 usd to kraken
I would buy $100 usd in BTC monthly on kraken
If I need to do small payments of btc I would use kraken LN wallet.

This is a chump change solution with under $500 usd at risk at all times.

I would still have a wallet with my major amount of coin offline

I am well aware that the $500 on kraken is at risk

Yeah, L-BTC lost it's advantage when you don't mind take some risk and pay on-chain TX fee to open new LN channel. But it wouldnt hurt to know more options.

388
Thanks for the news. It's crazy there's possibility it happened since employee at MailerLate try to crack Windows OS (based on screenshot on the report). Now i wonder whether they plan to switch from MailerLate to different email marketing service?

I think that they should be liable for anyone that claimed to get scammed with that.

What exactly do you mean by they? MailerLite? Cointelegraph? Both of them?

389
Bitcoin Forum / Re: Mempool Observer - Discussion about Bitcoin Fees
« on: January 25, 2024, 10:15:39 AM »
But how to convert L-BTC to BTC? AFAIK, only Aqua wallet do that.

You also can use exchange, although it's not practical if you deal with small amount of L-BTC due to BTC withdraw fees.

And which exchange is that?

I just looked at coinmarketcap.com  and found d nothing

https://coinmarketcap.com/currencies/liquid-network/

I discovered a list of exchanges here
Only small ones
https://liquid.net/

Best to do is to swap to usdt using aqua

Check this Blockstream help guide, https://help.blockstream.com/hc/en-us/articles/900001387106. But that guide is outdated since few website i checked doesn't show L-BTC as trade/exchange option.

390
Monero Forum / Re: Start mining xmr with Gui Wallet
« on: January 24, 2024, 11:14:15 AM »
https://ibb.co/0Zns5q5

Based on this screenshot, you use P2Pool with Monero full node software.

I only wonder if there is any way to see how much mining is giving or not

IIRC the wallet should show your current hashrate. After you found that information, you can estimate how much you can earn by using Monero mining calculator such as https://www.coinwarz.com/mining/monero/calculator.

how long does it take before payout and mini amount is?

It's complicated. See FAQ below.

Quote from: https://p2pool.io/#faq
I have been mining for several hours and still got no rewards?

P2Pool doesn't work exactly like regular pools - there's no "pending balance" here. You need to find a pool share first and then wait for P2Pool to find a Monero block. You'll get a payout to your XMR wallet as soon as a block is found and you have shares in PPLNS window. It can take several days to a week to find a share if your hashrate is low. Type "status" command in P2Pool console or visit P2Pool observer to check your progress.

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