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The rise of CRYPTO - Bitcoin, LTC, Ether, Dash, Monero

  • #4,141
  • Oct 28, 2019 5:21pm Oct 28, 2019 5:21pm
Quoting Not-KPMG
So - the April halving. This 10 minutes you said, it's been constantly shorter. Why? Difficulty rises 4 times dips twice. So it's NOT AVERAGE. Lately 110 EHashes. Was 40 EH some 7 months ago With prices expected to rise, mining power will rise.... difficulty adjustment .....that pulls halving date forward. I'd say each 14 days it'll pull half a day forward. And it'll be April. Anyone care to check my math?
What's Bitcoin's readjustment algorithm? My Google-fu only told me BCH uses Dark Gravity Wave.

A solid readjustment algorithm should ensure consistent block times.
  • #4,142
  • Oct 28, 2019 5:28pm Oct 28, 2019 5:28pm
Bitcoin difficulty is adjusted every 2016 blocks (so roughly every 2 weeks). You can dig deeper into it here: https://www.overleaf.com/articles/di...s/ytcxbjvzrpbp.
  • #4,143
  • Oct 28, 2019 5:37pm Oct 28, 2019 5:37pm
Quoting Hasher
Bitcoin difficulty is adjusted every 2016 blocks (so roughly every 2 weeks). You can dig deeper into it here: https://www.overleaf.com/articles/di...s/ytcxbjvzrpbp.
Yes.

But i just did the math!!!!
Since April end it's 13.07 days between adjustments.

I deserve cookies
Beware of robber banks (RB), bad advisors.
  • #4,144
  • Oct 28, 2019 5:39pm Oct 28, 2019 5:39pm
Quoting cryptocow
{quote} What's Bitcoin's readjustment algorithm? My Google-fu only told me BCH uses Dark Gravity Wave. A solid readjustment algorithm should ensure consistent block times.
It's the simplest method

If hashrate increases and block time decreases ON AVERAGE 5% then difficulty GOES UP 5%.

Beware of robber banks (RB), bad advisors.
  • #4,145
  • Oct 28, 2019 11:50pm Oct 28, 2019 11:50pm
Quoting Not-KPMG
{quote} It's the simplest method If hashrate increases and block time decreases ON AVERAGE 5% then difficulty GOES UP 5%.
simple is good, its verifiable and does what it needs to do, that said if majority of miners hopped off, the chain would get stuck and likely would die. So the assumption is that miners gradually move on and off. If that assumption is incorrect then you get into more complex algorithms that try to bend the rules to keep security yet adjust more frequently or without limits. I would argue bitcoins is probably the most secure overall although its not very SPV friendly, small tweaks can improve it for some usecases.
  • #4,146
  • Oct 29, 2019 7:21am Oct 29, 2019 7:21am
What a strange day.

Bitcoin little up.

Noah 1500% up

What's odd is that the coins with most growth are the ones i hold. Except Noah of course . WTF is it??

RLC, OMG, BCN and the black sheep - Bitcoin Crash.

BCH up because a major embarrassment is taking boss position there
Beware of robber banks (RB), bad advisors.
  • #4,147
  • Oct 29, 2019 7:27am Oct 29, 2019 7:27am
Of the second tier coins.
Few trash are up, not worth remembering.

Next up are good like VTC, METAL, GRS

What u think of Storj and Ark??

RDD dip
Beware of robber banks (RB), bad advisors.
  • #4,148
  • Oct 29, 2019 7:37am Oct 29, 2019 7:37am
Quoting cryptocow
{quote} What's Bitcoin's readjustment algorithm? My Google-fu only told me BCH uses Dark Gravity Wave.

A solid readjustment algorithm should ensure consistent block times.
Your second paragraph - bitcoin have two weeks period, so always inaccurate.
Also it's 2015 blocks, not 2016
Hilarious mistake

Some coins readjust every block and some every day.

So yeah, it's not consistent and don't matter
Beware of robber banks (RB), bad advisors.
  • #4,149
  • Oct 29, 2019 7:53am Oct 29, 2019 7:53am
This is good read

https://www.bitcoinclock.com/

Says 3rd May.

They use a longer moving average.

Stats:
Bitcoin Stats

Summary of bitcoin statistics for the previous 24 hour period.
BLOCK SUMMARY
Blocks Mined138
Time Between Blocks 9.93 minutes
Bitcoins Mined1,725.00000000 BTC
MARKET SUMMARY
Market Price$9,412.47
Trade Volume$171,185,762.23
Trade Volume 18,205.17000000 BTC
TRANSACTION SUMMARY
Total Transaction Fees (BTC)36.70088340 BTC
Number of Transactions 310,879

Total Output Volume (BTC)1,696,619.74353914 BTC
Estimated Transaction Volume (BTC)184,358.31116294 BTC
Estimated Transaction Volume (USD)$1,733,547,010.03
MINING COST
Total Miners Revenue (USD)$16,565,520.04

% Earned From Transaction Fees 2.09%
% Of Transaction Volume0.96%
Cost per Transaction (USD)$53.34
HASH RATE AND ELECTRICITY CONSUMPTION
Difficulty 13,691,480,038,694
Hash Rate 93,923,788,681 GH/s

84 EHashes yeyyyy

Price 9410.
Let's see in 6 months

Fat fingers.
That to read 94 EHashes yeyyyyyyyy
Beware of robber banks (RB), bad advisors.
  • #4,150
  • Oct 29, 2019 12:15pm Oct 29, 2019 12:15pm
Feel sorry for any sod that may buy this.

Noah Coin [COLOR=rgba(39, 52, 64, 0.5)](NOAH)[/color]
$0.004287 USD (1,472.34%)



Fusion is Also up 90%???

What's that ?
Beware of robber banks (RB), bad advisors.
  • #4,151
  • Oct 29, 2019 5:13pm Oct 29, 2019 5:13pm
Neat read....

https://www.fxempire.com/news/articl...q3-2019-605805

I Read part 🙊😂
Beware of robber banks (RB), bad advisors.
  • #4,152
  • Oct 29, 2019 9:41pm Oct 29, 2019 9:41pm
Quoting Not-KPMG
Neat read.... https://www.fxempire.com/news/articl...q3-2019-605805 I Read part
This article does not mention the record-breaking six/seven BSV users
  • #4,153
  • Oct 30, 2019 10:59am Oct 30, 2019 10:59am
Again zig zags.
Yesterday 20:00 English time a nice shocking stop hunt 😱😱😂😂😂

Today about 300 down 😱🐢
Beware of robber banks (RB), bad advisors.
  • #4,154
  • Oct 30, 2019 12:59pm Oct 30, 2019 12:59pm
A handful of liars are crying all over internet about Quantum computer, hacking, cracking and pe*is enlargement 😱😂😂😂😂

I don't care about these. Bitcoin is safe by design.

Reusing addresses though, can lead to risks in faaaar future.

The condition of safety is simple - don't expose the private key by elliptic curve, public key, etc...
😱😱😱😱
Note only an address that has been reused COULD BE ATTACKED .

If you use addresses once - no worries , ever 👍👍👏👏👏

Read:
Classical computers cannot break ECDSA through brute force attacks – there isn’t enough energy in the sun to guess a single private key correctly,” Waterland told ...

“But a quantum computer may use Shor’s algorithm to reconstitute a private key from a public key. And the last time I checked, nearly half of all bitcoin addresses had revealed public keys....Because are reused 😱😱👎👎👎
. The problem is that when a bitcoin or Ethereum transaction occurs, the public key of the sending address is revealed and stored for all time in the blockchain. So at some point in the future, those addresses (currently nearly half) are at risk of quantum theft.”

There's already a coin or coins like QRL. 😱😱🙉🙉

The Quantum Resistant Ledger (QRL) describes itself as a 'fully quantum resistant blockchain network, using PQ-CRYPTO recommended/IETF standardized cryptography'. The QRL utilizes a hash-based eXtended Merkle Tree Signature Scheme (XMSS) instead of ECDSA ( which is reportedly vulnerable to quantum attacks).

Done 👏👏👏😉😉
Beware of robber banks (RB), bad advisors.
  • #4,155
  • Oct 30, 2019 4:14pm Oct 30, 2019 4:14pm
Quoting Not-KPMG
A handful of liars are crying all over internet about Quantum computer, hacking, cracking and pe*is enlargement I don't care about these. Bitcoin is safe by design. Reusing addresses though, can lead to risks in faaaar future. The condition of safety is simple - don't expose the private key by elliptic curve, public key, etc... Note only an address that has been reused COULD BE ATTACKED . If you use addresses once - no worries , ever Read: Classical computers...
its one of satoshi's genius ideas, not to protect privacy (many bitcoin developers incorrectly correlated change address design to privacy and not quantum security). Change address design adds a ton of complexities at the wallet level because entire outputs must be spent then sent as change to another with the script hash or key hash controlling spendability however security first.

You can bet as soon as quantum gets strong enough to do some sort of attacks using Shor that 90% of those addresses will convert by sending it to a new address, then bitcoin upgrades its algorithm to schnor and a better alternative to ECDSA or the likes.
  • #4,156
  • Oct 30, 2019 4:56pm Oct 30, 2019 4:56pm
Quoting sidhujag
{quote} its one of satoshi's genius ideas, not to protect privacy (many bitcoin developers incorrectly correlated change address design to privacy and not quantum security). Change address design adds a ton of complexities at the wallet level because entire outputs must be spent then sent as change to another with the script hash or key hash controlling spendability however security first. You can bet as soon as quantum gets strong enough to do some sort of attacks using Shor that 90% of those addresses will convert by sending it to a new address,...
I'm guessing the address move would only occur when a transaction is made though right? Otherwise that'd be a lot of transactions added to the blockchain in a short period, unless this is done in some other fancy way?
  • #4,157
  • Oct 30, 2019 9:53pm Oct 30, 2019 9:53pm
Quoting Hasher
{quote} I'm guessing the address move would only occur when a transaction is made though right? Otherwise that'd be a lot of transactions added to the blockchain in a short period, unless this is done in some other fancy way?
It’s just an extra output (utxo) sending change
  • #4,158
  • Oct 31, 2019 5:28am Oct 31, 2019 5:28am
Hi

Sidhujag didn't understand your question.

Quoting Hasher
{quote} I'm guessing the address move would only occur when a transaction is made though right? Otherwise that'd be a lot of transactions added to the blockchain in a short period, unless this is done in some other fancy way?
What's "Otherwise" doing in that sentence?
😱😱🙉

Yes, when people (with big wallets) decide to move from 1 adress that's part spent to brand new address it'll need a lot of transactions to move them.
Maybe 50000 transactions ...Don't know...Only big wallets.

I for example am not worried someone will crack my 1 bitcoin wallet...or wallets 😉😉😉😉

But
Noone says these 50000 transactions will happen simultaneously .
People will move whatever they want whenever.
I'll move my wallets in 3 years (and part selling ).

So no mempool problems or high fees.

Was that your question ?

🍻🍻🍻
Beware of robber banks (RB), bad advisors.
  • #4,159
  • Oct 31, 2019 6:58am Oct 31, 2019 6:58am
Strat, DAG, METAL quite up.

Bitcoin wobbly 9100 area.🙉

0x others corrections.

Can't wait for weekend with 1000$ spikes.
😱😱😨😨

Market Cap: $243,810,220,139 • 24h Vol: $84,060,111,831 • BTC Dominance: 67.6% •
Cryptocurrencies: 3048 • Markets: 20919
Beware of robber banks (RB), bad advisors.
  • #4,160
  • Oct 31, 2019 7:01am Oct 31, 2019 7:01am
Folks, do you trade these cr.ppy moves??

I imagine a breakout strategy can bring 1000s when it happens?

I trade once a month. As already explained 😉😉😉😉

Next trade around 23rd November to sell.

Sooo simple 😱👏👏👏👏👏

...🙊🙊
Ok don't sell weekends, so sell 25th Nov 😱😱😱👎
Wait few days, dip, close 👏👏👏💰💰
Beware of robber banks (RB), bad advisors.
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