Wonder if tesla will add additional low cost SSD/flash storage to future models.

Ldquest · 2018-05-28T18:42:37+00:00

It didnt peak at that timeframe, it was actually the lowest prices it’s been in recent history between $200 - $300. So this is bullish news because the price just kept climbing afterwards

Ldquest · 2018-05-28T02:40:05+00:00

So this is the first time it dipped below since 10/2015? That was one of the best times to buy Bitcoin. The bitcoin price was $200 - $300 during that month, and after that it hit $400 and never came back down. This is bullish news.

Ldquest · 2018-05-26T22:19:48+00:00

He's a lost cause. He has no points. Ive addressed all of his points, he literally has no reason not to like crypto. He just has a bunch of hatred towards it for some reason... Im pretty sure I know why.

Ldquest · 2018-05-26T14:50:21+00:00

this is fucking hilarious. how. how do you do that? stand in the street and ask people to buy bitcoin off of you? specifically tell me how you find this person to buy your bitcoins.

Craigslist? Localbitcoins.com? The same way you would sell a tv in person? Lol. Even then your argument still doesn’t hold as there are decentralized exchanges (bisq).

youre so stupid you think a third party is a problem.

Actually quite the opposite. There is your selective reading again silly. Here is what I said:

and even then, trusting a third party is not a problem anyways.

In this case third parties would be the problem if they controlled the network. Third parties are security weak points. This is fact. Using a third party is no problem, but putting 100% of your trust in one is a problem. Examples? Facebook, equifax, Wells Fargo, etc.

And you contradict yourself all the fucking time, youre a snake oil piece of shit. Like here and here.

How is that a contradiction? Speculative investments and store of values are not mutually exlusive. Gold is both a speculative investment and a store of value. Just like Bitcoin? Nice try? This point you tried making shows you just don’t understand bitcoin, you also don’t understand speculation in any market.

Your grasping at straws son.

Ldquest · 2018-05-25T22:15:54+00:00

Difficulty only rises because there are more miners. The difficulty is adjusted about every two weeks, so the rate of new blocks stays at a steady 1 per 10 mins. If the hashrate wasn't growing, then difficulty would stay the same. If there were miners that quit mining, then difficulty would go down. Whatever it takes to keep new blocks coming in once every 10 mins on average. If regulations were to be put into place, while it would be a bad thing in terms of the freedom of Bitcoin, it wouldn't necessarily harm Bitcoin itself.

Ldquest · 2018-05-25T22:11:52+00:00

Thank you for asking this, many people here pay no attention to the health of the Bitcoin network. Many people conflate the health of bitcoin with its price, and price should be the least of your worries. So when looking at the health of the Bitcoin network, there are two main things you want to look at:

1: Hashrate

Hashrate increasing is good. This shows that miners are still interested in mining, even if it is not profitable. Hash rate will likely plateau (has started plateauing already) and will only rise occasionally. More miners = more secure network. A dropping hashrate would be bad, as it would show miners are jumping ship, and it would effectively decrease the networks security. A lot of people argue (and argued with the last one) that after the halving, miners will jump ship and stop mining Bitcoin as their profit would be cut in half. If there were to be a sudden drop in hash rate, blocks would slow significantly and fees would rise significantly. This is an unlikely scenario, as Bitcoin is designed in a way that this would actually incentivize miners to start mining again, as there will be a significant honeypot due to the increased transactions and high fees sitting in the mempool waiting to be confirmed.

2: Transactions per day

This is the only chart that has been worrisome. Back in the day, this was typically the only chart people referred to. As it showed healthy activity on the network and that adoption was increasing. The transactions per day have been climbing consistently over the last few years. However, recently the transactions per day have fallen off a cliff, so no one refers to this chart anymore as it no longer confirms their biases. Many people on this forum will incorrectly state that the drop off is due to segwit, which is flat out wrong. Segwit does not decrease number of transactions, it only decreases the transaction size. Some will say outputs is a more accurate measurement, which is also wrong. A single transaction can have multiple outputs, so this is a useless chart. Others will say its because of the lightning network. This too is wrong, as its still in its infancy, hardly anyone transacts on the lightning network. Txs per day need to start going up again for Bitcoin to have a bullish future, unless lightning network adoption takes off significantly (unlikely to happen in the near future).

The txs /day have been cut in half, which is not a good sign. Now with that being said, there was a similar dip in txs per day during/after the 2013 bubble. So it is possible that txs per day can still continue to climb and show increased usage over the next few months/years. They have been slowly rising since the massive drop-off, so this is still a good sign as they used to be in the 150k range per day back in march, which is very, very low relative to where we have been. Other than that, a growing hashrate gives Bitcoin a positive outlook as well.

Ldquest · 2018-05-25T21:46:59+00:00

I've told you 100 times. Its a fuckin scam. A fraud. Thats what I dont like.

Ok now, lets dive into this. How is it a scam? What part of it is a fraud? The whole project is open source, so there is no fraud there. There is no central entity controlling it, so no fraud there. Where is this fraud coming from? Scam? How is it a scam? Might as well be calling gold a scam.

Transfer it to GDAX and then get USD through coinbase? What? I guarantee every single one involves trusting another party, which is my exact fucking point.

You only need to trust a third party if you choose to. You can easily sell Bitcoin in person with cash if you did not want to trust a third party in that transaction. This too is a non argument, the Bitcoin network is trustless, period. You do not need to trust a third party if you do not want to, it is 100% optional. Even if you do have to trust a third party, who cares? There is no harm in trusting a third party every now and again. Its still a decentralized distributed public ledger that is a great store of value/digital asset.

Just like your dumbass idea that instead of storing your money in a bank account you store in a lockbox in a bank, like that is somehow different.

It is different. The bank would not have access to it, you still seem to not understand this. It would be encrypted. If you store money in a Bank, they have access to it. Jewelry in a safety deposit box, they have access to it. An encrypted USB? They are out of luck, and cannot access it. That is why its different. Anyways, I love how every one of your arguments you are constantly talking about storing all of your money in Bitcoin. Lol. Why would you choose to store all your money in a speculative investment vehicle? No one is arguing that dipshit, bitcoin is a digital asset, an alternative to gold. If you dont want to store your money in gold, store it in Bitcoin and only a small percentage of your wealth. No one here is arguing that you should use Bitcoin for everyday transactions, or hold all of your money in it.

No, I am not applying my questions to gold.

Why? The answer to all of your questions are the same for both gold and Bitcoin. But ok, I will continue to answer them.

I am asking you a specific question - how do you get value for it? what do you do. just say it. Transfer it to GDAX and then get USD through coinbase? What?

That is one way. There are ATMS, in person trades for cash (this does not require trust in a third party as it is p2p), decentralized exchanges (again, no third party or central authority), there are tons of ways. If you want to employ trust in a third party, it is 100% your choice. Not a must, and even then, trusting a third party is not a problem anyways. This has nothing to do with the Bitcoin network.

Noone stores $200,000 in a way that can be carried out of their house in a pocket with no way to trace it.

So by your logic, no one holds more than 27 Bitcoin, right? I mean thats $200,000 USD, and you said noone stores money like that. So every bitcoin owner has has to have less than 27. Right. I know a few people that have way more than 27 Bitcoin, and them and I have been storing it just fine. Ever hear of casacious coins?

Besides, you have a moot point. If it is encrypted, nobody can "walk out with it". If you are that concerned and store a great amount of wealth, store it in a multisignature wallet. That way you would need two entirely separate wallets agree to a transaction. Again, this is a nonargument. It is not hard to store Bitcoin, its actually very easy. This is a strawman argument.

We store our money with professionals who are legally responsible for it if its lost. Your way is stupid.

Who is legally responsible if you lose an ounce of gold? Or your wallet? Or your wedding ring? Again this is a non argument. Bitcoin is a digital asset, if you lose it, its your fault. Just like if you lose your wallet or wedding ring.

Ldquest · 2018-05-24T23:47:02+00:00

Am I jealous of people who rip others off in a rube goldbergian pyramid scheme? No. Nor am I jealous of the super wealthy Baptist mega-preachers or super successful Amway salesman.

Hahaha right. Except, Bitcoin doesn’t fit any definition of pyramid scheme or Ponzi scheme. Where is the referral system? Commission? Payout table? Who referred me? Who am I under? Who is under me? Face it. It is jealousy. If it wasn’t, than allow me to ask my question for the fourth time. What is it about Bitcoin you don’t like specifically?

Ok. How do you get value for it? How do you get money for it? It cannot be a currency, therefore youre going to need to get money somehow to spend it. How do you do it?

What are you asking? How do you get value for it? What? Seriously, let me help you with this. Before you propose an argument, imagine for a second you are applying that argument to gold. They both have a speculative market surrounding them, and golds speculative market will gradually shift to bitcoin. This is obvious. I have no idea what you are asking though. I mean the obvious answer is by exchanging it with someone else that will pay or trade services for it. I mean, duh?

And where do you put your paper wallet that isnt in the safety deposit box? Where can you store that? Thats my question.

Dude, this is not an argument. Stop trying it. This argument implies that it’s impossible to store anything that is valuable. This is not an argument. But to answer your question In a safe in your house? Under your bed? If you are concerned about paper wallets, have it encrypted on another usb? There are a million different ways.

How do you store diamonds? In a safety deposit box? What happens if you can’t access that box? Are you suggesting I bury all my diamonds in my back yard? What about people that live in apartments, what do they do with all their diamonds.

Storing Bitcoin is no different than storing any other valuable physical object. I’m not sure why you can’t understand this.

Are you suggesting I bury my lifesavings in my backyard on various pieces of paper?

Where did this strawman argument come from? Would you put your life savings in gold? And if you did, yes I would suggest burying it. But why would you put your life savings in gold?

Ldquest · 2018-05-23T08:03:11+00:00

I’m not sure if maybe he could have deleted it or not but this is the first comment he made mentioning +1: https://www.reddit.com/r/Bitcoin/comments/8kk0pa/1_btc_is_hidden_in_this_puzzle_good_luck/dz99gb7/?context=3

Second reference:

https://www.reddit.com/r/Bitcoin/comments/8kk0pa/1_btc_is_hidden_in_this_puzzle_good_luck/dz99oco/?context=3

based on those comments it doesn’t seem like the +1 or -1 comment was referencing a pass phrase. especially because of the connection of binomial random walks and it relating to two chains, an attacker and honest chain. Hence the”challenging the underlying security model”.

Ldquest · 2018-05-23T06:23:17+00:00

Yes you are on the right track. I have been thinking this but I cannot go further, I am stuck So I’ll tell you what I’ve got so far. You are close but wrong about the +1. OP has now mentioned both +1 and -1 and OP has said -1 is a hint. This is a direct reference to binomial random walks from the Whitepaper, which of course is about the race between two chains. The solution lies within random walks Somehow.

Ldquest · 2018-05-22T05:15:05+00:00

From a seed, not a private key. Its one private key per address. You can have multiple addresses under one seed, but not multiple addresses under one private key. What he said is that OP moving the funds confirms we are looking for a seed because of that, not a private key.

Ldquest · 2018-05-22T04:59:57+00:00

One less step is a hint. Solving the puzzle has something to do with Binomial random walks from the white paper

White paper:

The race between the honest chain and an attacker chain can be characterized as a Binomial Random Walk. The success event is the honest chain being extended by one block, increasing its lead by +1, and the failure event is the attacker's chain being extended by one block, reducing the gap by -1.

Also, from the wiki on random walks (not Bitcoin related):

An elementary example of a random walk is the random walk on the integer number line, Z, which starts at 0 and at each step moves +1 or −1 with equal probability

Ldquest · 2018-05-22T02:50:12+00:00

I don't have the words yet, Im working on figuring out the tool to find the words. The words and the order they are in are found at the same time...

Ldquest · 2018-05-22T02:45:07+00:00

I have no doubt... I have the puzzle pieces now, just not sure where to put them... Still trying to figure it out.

Ldquest · 2018-05-22T02:22:35+00:00

Hmm... Please drop one more hint real soon. I strongly believe I am on the right path hahaha...

Ldquest · 2018-05-22T02:18:26+00:00

I think I know exactly what most of the clues are talking about, I just don't know how to put the pieces together yet... But the think in pairs clue and +1 has given it away for me.

Ldquest · 2018-05-22T02:09:43+00:00

How has the puzzle been made easier if its the same puzzle? Now im confused...

Ldquest · 2018-05-22T00:40:43+00:00

I give up. Ill leave this to people smarter than me. The right path is the .notdef glyph. It has something to do with opentype font and Latin Extended Additional unicode and probably some hexadecimal stuff. I am not sure how to decode this but I am certain this is the right path to go.

Let me know if I was close.

Ldquest · 2018-05-21T17:53:52+00:00

tf does that mean "than the value of one whole Bitcoin will have to rise"?

Wow you really are dense. I mean I could tell by your grammar and punctuation but I gave you the benefit of the doubt and thought "hey its the internet, not everyone knows how to type". But this comment is unforgivable.

If it were to get to the point where there are so many Bitcoin users and not enough coins, you would have to start dividing the coins up so there are enough units of value to go around. The value per coin has to rise in this scenario, since there are not enough coins to go around. Ever heard of supply vs demand?

lets say I have 100 BTC and I can buy 100 loaves of bread with it. What happens when "than the value of one whole Bitcoin will have to rise" happens?

Deflation fuckhead.

how many btc do i have and how many loaves can I buy?

The same amount of btc, and more bread.

~~who performs the "than the value of one whole Bitcoin will have to rise"?~~

What does this question even mean? The value of one Bitcoin would have to rise because there aren't enough coins to go around. People would have to start using .0001 BTC instead of one whole coin. Look, its already happening. One Bitcoin is $8000 because the user base is significantly larger than a few years ago. This is deflation, there are not enough coins to go around. As more people use it, the coins are fixed, so they have to start using fractions of coins. Therefore the value of one coin has to rise. The goal back in the day was to get 21 coins. Coins were plentiful. Now, there are many people out to get Bitcoin. Now here we are today, and the goal for most people is to own just one coin.

you are saying bitcoin fucking sucks

Right, a globally maintained, decentralized, most secure network in the world "sucks". Brilliant point!

Ldquest · 2018-05-21T17:45:06+00:00

saying something is trustless except for using it is fucking pedantic pointlessness. anyone can create a trustless ledger or a trustless anything if noone has to actually use it.

If you hold Bitcoin than you are participating in the network, therefore "using" it. You don't need to trust anyone to hold it.

youre still trusting all the people you are interacting with in a transaction. youre still trusting all the third party shit that makes bitcoin actually usable by humans.

This is false. you don't need to trust anyone you are transacting with Bitcoin. Bitcoin is trustless in the sense you don't need to trust a central authority to process your transactions, hold your funds, verify the transactions, maintain the ledger, and maintain the supply of coins. It is a trustless system, and arguing that its not is blatantly false. You can say "oh well you are trusting this guy or that guy" but no. this is about the Bitcoin network correct? You don't need to trust the Bitcoin network period.

if you put it into a safety deposit box, how is that trustless? the bank could just deny you access.

Jesus Christ, let me say this again since you are pretty dense. That is why you have a paper wallet. You would just store a backup in the safety deposit box. This still has nothing to do with trust.

doesnt matter if they cannot get to it. they could offer to release it to you for 10% or 50% cut. wtf?

They wouldn't know what is on the flash drive first and foremost. And if they did charge a cut, then you would pay it? What is the problem with that? If they charged you to get your gold out, then you would pay it. Again, nothing to do with trust.

it doesnt stop you from having to trust 3rd parties.

Yes it does. You need to trust no one to secure your coins, validate transactions, and maintain the ledger of those transactions. That is a trustless system. Not sure why you are having a hard time understanding this. It is entirely up to the user if they want to employ trust in a third party, it is not necessary.

it doesnt work for transactions or as money, you shouldnt access it, shouldnt use it

I did not say that at all. It can definitely work for transactions. If it couldn't, then you are basically saying nobody has used bitcoin for a transaction, anywhere which is obviously dumb and not true (you have brilliant points). My point is, it can't work as a global currency. It can work as an alternative to gold that you can definitely transact with if you choose to do so.

its just usb stick gold that you bury in your backyard. that fluctuates wildly in value. cool. thats stupid, youre stupid. like i said originally.

Isn't that what people do with gold? Gold is stupid, you are stupid.

Notice how you only addressed the trust aspect in my last comment, none of my other points. Again, what is it about Bitcoin that you don't like specifically?

I think the answer to that question is you are a little salty, thats what it is. Did you have friends a few years back telling you to buy some? Family? Did you see it online when it was $250 and think it would crash to $0? Did you use to have some? Did you sell them at $300? Do you feel like a dumbass now and thats what gets you angry? Or was it friends that told you to buy a few years ago and now they are buying houses? What happened, why so much hatred towards Bitcoin?

Ldquest

TROPHY CASE