Bitcoin prices are more volatile than ever

What Is Driving Bitcoin Price Up? - Crypto Insider - Bitcoin and Blockchain News

What Is Driving Bitcoin Price Up? - Crypto Insider - Bitcoin and Blockchain News submitted by steverogen to CryptoCurrencies [link] [comments]

What Is Driving Bitcoin Price Up?

What Is Driving Bitcoin Price Up? submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What Is Driving Bitcoin Price Up? - Crypto Insider - Bitcoin and Blockchain News

What Is Driving Bitcoin Price Up? - Crypto Insider - Bitcoin and Blockchain News submitted by steverogen to bitcoin_uncensored [link] [comments]

What Is Driving Bitcoin Price Up? - Crypto Insider - Bitcoin and Blockchain News

What Is Driving Bitcoin Price Up? - Crypto Insider - Bitcoin and Blockchain News submitted by steverogen to DinarDirhamCom [link] [comments]

What Is Driving Bitcoin Price Up?

What Is Driving Bitcoin Price Up? submitted by Lukovka to CryptoCurrency [link] [comments]

05-13 15:04 - 'What exactly is driving Bitcoins price up right now?' (self.Bitcoin) by /u/AcidNipps removed from /r/Bitcoin within 30-40min

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Rose $500 in less than 5 hours
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What exactly is driving Bitcoins price up right now?
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Author: AcidNipps
submitted by removalbot to removalbot [link] [comments]

If the overall amount of bitcoins being traded is down (volume) what are the market forces driving the price up?

submitted by JesusSkywalkered to Bitcoin [link] [comments]

If the overall amount of bitcoins being traded is down (volume) what are the market forces driving the price up? /r/Bitcoin

If the overall amount of bitcoins being traded is down (volume) what are the market forces driving the price up? /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

What the hell is driving the price up currently? /r/Bitcoin

What the hell is driving the price up currently? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] What is driving the price up?

The following post by foodwithmyketchup is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7g419g
The original post's content was as follows:
https://www.reddit.com/Bitcoin/comments/7g419g/what_is_driving_the_price_up/
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

What is driving the price up? /r/Bitcoin

What is driving the price up? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

11-28 14:13 - 'What is driving the price up?' (self.Bitcoin) by /u/foodwithmyketchup removed from /r/Bitcoin within 51-61min

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What is driving the price up?
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Author: foodwithmyketchup
submitted by removalbot to removalbot [link] [comments]

ALERT SHOCKING REALIST NEWS Bitcoin What is really driving the price up

ALERT SHOCKING REALIST NEWS Bitcoin What is really driving the price up submitted by puck2 to Bitcoin [link] [comments]

If additional users drives up the price of Bitcoin, what will happen to price when user growth is constrained by the block size limit?

submitted by mickeybob to Bitcoin [link] [comments]

Hodling (hoarding) is how Bitcoin will scale. It drives the price up, which attracts new fiat conversion. But the way to bring in more hodlers is spending (What?).

Like the rest of you, I've fallen down the Bitcoin rabbit hole. Me/Why? Because it can a) destroy the ills of/what has almost killed me twice, the petrodollar (9.11/Iraq, see www.twitter.com/markfinelli) b) make us ridiculously wealthy in 5-10 years.
So, I think about Bitcoin a lot. Bitcoin will scale. Why not do it more efficiently and stronger? So, in the simplest bullet points possible, my idea (note: this idea is broad, with many details to be worked out).
1) droves of wealthy people live off investment income. Unfortunately, I never had a trust fund, but growing up in Westchester County, NY and going to Hampden-Sydney, it seemed as if everyone else did. In order to get wealthy persons and the institutions that represent them to venture into Bitcoin, we need a 6%, capital locked in for two to four years, "CD" like instrument. People will hoard the principal and spend the income (and hoard more). There is not a debt instrument that can be more exciting to high net worth families than Bitcoin (because principal gonig to the moon, and thus interest payments going to the moon). But there must be one caveat regarding interest payments (explained below) for it to spur more hodling.
2) Margin interest rates, credit cards, lines of credit in general are/can be higher than 10%, sometimes much higher. There is a spread to capture in the middle for the issuer.
3) An exchange/vault wallet company like Coinbase that is also a merchant services company, or partnership between Bitpay and Circle (or, everyone working together) will sweep 1% of monthly 6% into a "Bitcoin Spend" wallet (of your monthly interest payment). These funds must be spent with a Bitcoin merchant (again, any Coinbase merchant, or a Foldapp or Purse.io type of company, etc.) and/or that money is sent to a predetermined bitcoin accepting 501(c)(3) of your choice, for a deductible event. Simply, there is no hodling this 1% of interest as per agreement with the issuer.
4) Merchants will have reasons not flip 100% immediately into fiat.
Merchants will hoard some bitcoin for interest, and, through the same market forces that force consumers to spend/donate bitcoin as stated above, merchants will spend on B2B. Circle closed.
Additionally, such actions will spur more merchants to accept bitcoin, and so on, on so on (older people are hearing that 70s shampoo commercial in their heads). Now there is a number of really exciting reasons for merchants to accept bitcoin in addition to lower transaction fees.
5) Hodling goes up everywhere because spending. Exchange rate at $10,000 per by the 2nd halving (July 2016).
Thank you for reading. God save the Bitcoin.
Tips www.finelli.tip.me or https://www.coinbase.com/markfinelli
submitted by Fin4747 to Bitcoin [link] [comments]

I think the tension in Korea is what drives the price up so fast. /r/Bitcoin

I think the tension in Korea is what drives the price up so fast. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ALERT SHOCKING REALIST NEWS Bitcoin What is really driving the price up

ALERT SHOCKING REALIST NEWS Bitcoin What is really driving the price up submitted by puck2 to dogecoin [link] [comments]

Hodling (hoarding) is how Bitcoin will scale. It drives the price up, which attracts new fiat conversion. But the way to bring in more hodlers is spending (What?).

Like the rest of you, I've fallen down the Bitcoin rabbit hole. Me/Why? Because it can a) destroy the ills of what has almost killed me twice, the petrodollar (9.11/Iraq, see www.twitter.com/markfinelli) b) make us ridiculously wealthy in 5-10 years. So, I think about Bitcoin a lot. Bitcoin will scale. Why not do it more efficiently and stronger? So, in the simplest bullet points possible, my idea (note: this idea is broad, with many details to be worked out). If you don't read the last points, there is no new idea here (note: I recently found out something like this may be happening since I initially posted on VOAT).
1) droves of wealthy people live off investment income. Unfortunately, I never had a trust fund, but growing up in Westchester County, NY and going to Hampden-Sydney, it seemed as if everyone else did. So, I'm pretty familiar. In order to get wealthy persons and the institutions that represent them to venture into Bitcoin, we need a 6%, capital locked in for two to six years, "CD" like instrument. People will hoard the principal and spend the income (and hoard more to get more interest). There is not a debt instrument that can be more exciting to high net worth families than Bitcoin (because principal going to the moon, and thus interest payments going to the moon). But there must be one caveat regarding interest payments (explained below) for it to spur more hodling.
2) Margin interest rates, credit cards, lines of credit in general are/can be higher than 10%, sometimes much higher. There is a spread to capture in the middle for the issuer.
3) An exchange/vault wallet company like Coinbase that is also a merchant services company, or partnership between Bitpay and Circle (or, everyone working together) will sweep 1% of monthly 6% into a "Bitcoin Spend" wallet (of your monthly interest payment). These funds must be spent with a Bitcoin merchant (again, any Coinbase merchant, or a Foldapp or Purse.io type of company, etc.) and/or that money is sent to a predetermined bitcoin accepting 501(c)(3) of your choice, for a deductible event. Simply, there is no hodling this 1% of interest as per agreement with the issuer.
4) Merchants will have reasons not flip 100% immediately into fiat. Merchants will hoard some bitcoin for interest, and, through the same market forces that force consumers to spend/donate bitcoin as stated above, merchants will spend on B2B. Circle closed. Additionally, such actions will spur more merchants to accept bitcoin, and so on, on so on (older people are hearing that 70s shampoo commercial in their heads). Now there is a number of really exciting reasons for merchants to accept bitcoin in addition to lower transaction fees.
5) Hodling goes up everywhere because spending. Exchange rate at $10,000 between 2nd and 3rd halving.
Thank you for reading. God save the Bitcoin.
www.finelli.tip.me or www.coinbase.com/markfinelli
submitted by fin47474747 to btc [link] [comments]

Hodling (hoarding) is how Bitcoin will scale. It drives the price up, which attracts new fiat conversion. But the way to bring in more hodlers is spending (What?). /r/btc

Hodling (hoarding) is how Bitcoin will scale. It drives the price up, which attracts new fiat conversion. But the way to bring in more hodlers is spending (What?). /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

If additional users drives up the price of Bitcoin, what will happen to price when user growth is constrained by the block size limit? /r/Bitcoin

If additional users drives up the price of Bitcoin, what will happen to price when user growth is constrained by the block size limit? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

I think I'm about done.

So, last wipe, I thoroughly enjoyed the game. I struggled until I got to about level 35ish, but eventually I got my bitcoin farm going (not full 50 GPU) and my booze generator going, and I was making some decent rubles.
I could buy decent gear, the scopes I wanted, the ammo I liked (which was rarely m995,7n37, or m61, btw). And then I could go in raid, do my quests, find items, kill players, take their stuff and leave. Or, I could die and lose all my gear, and it would sting, but not break me. But when I did raids, I almost ALWAYS stayed until <10 minutes remaining, sometimes even getting out with spare seconds left. Yes, by about level 45, I eventually started making more money than I could spend, but ONLY after 50 GPU's in the BC farm and booze generator combined.
Now this wipe, instead of enjoying the raids, I'm getting frustrated trying to find progression halting items. Then, when I do find them, I'm STRONGLY encouraged to turtle up, hide until the coast is clear behind counters or in bushes, then extract at 10:01. I'm also having to buy expensive weapons like SVD's to finish quests, which I had to do last wipe too, but my rouble flow was much much higher.
I can kill a 3 man squad, and make 200k, because their armor was zero'd out and too high cost to repair and their guns with all their fancy attachments are worth 75k. Or, I can die and lose about that much. There is no real risk/reward any more.
Then, when I'm having a particularly bad day dying, I can't even lean back on looting stuff like factory keys and fuel conditioners now, AND WHAT LITTLE BIT OF FIR I SELL HAS ATROCIOUS FEES. I sold 3 packs of bolts for 14k ea and the fee was 12k.
It's like BSG isn't even trying to micro adjust the game to dial back the ruble flow. Instead it's full on scorched earth. Only the people with the absolute best combat skills or the most time to rat around have the ability to make any decent money.
On top of that, I'm level 33 and JUST got my last FIR flash drive. I have crashed against the rocks to the tune of MILLIONS trying to get a LEDX and 3 FIR graphics cards from Interchange, thanks to RNG. I can't even start Shooter Born In Heaven, and I would be 3/4 done with it by now if I had it 10 levels ago.
I'm sure* 3/4 of the subreddit will come by to tell me to quit crying, git gud, it's hardcore, roubles are easy to make, its a BETA, etc..
Well here's my Beta feedback. The game isn't fun when I lose every ruble I scrape up trying to do quests with specific gun/armor requirements and finding FIR items in hotspots, and hiding to avoid losing those items, all while BSG -heavily- deflates the economy and punishes rule obeying players in the name of stamping out RMT.
*Left out a word.
Edit: let me just say, I don’t mean this as a personal attack towards Nikita or the other devs. It’s simply just my experience, and my thoughts. I don’t have answers on how to make the perfect balances and compromises, or fixes on RMT etc.
I just wish it had been publicized ahead of time, something like “Okay guys, next wipe we’re gonna experiment with making it real hard.”
Also I’ve gotten a lot of responses saying “you’re not supposed to run the best gear every raid.” And my reply is, my standard kit is a Vepr KM, 6B23 armor, a Ratnik helmet, and comtacs, with self made BP ammo from the hideout. I’ve just recently started adding TV10 armor rigs into the mix. I’m not a META player who has to have iglonik or M995 every raid. I’m not trying to say I want to do that either.
For one CONSTRUCTIVE bit, I feel like items should have two different FIR tags. One for flea/resell, one for quests, and the quest one staying if you died with it. That would make life better to me and to a very large population of power players.
Also, between FIR changes, reduced loot spawns, increased flea fees, reduced trader sell prices, any 1-2 of those are survivable but all of them together, with more to come I'm sure, are crushing. That's all I'm saying.
EDIT Again : I just saw what Jaegers giving for guns. THAT is nice. That makes up a little bit for the stuff like fuel conditioners.
submitted by killaho69 to EscapefromTarkov [link] [comments]

Technical: Taproot: Why Activate?

This is a follow-up on https://old.reddit.com/Bitcoin/comments/hqzp14/technical_the_path_to_taproot_activation/
Taproot! Everybody wants it!! But... you might ask yourself: sure, everybody else wants it, but why would I, sovereign Bitcoin HODLer, want it? Surely I can be better than everybody else because I swapped XXX fiat for Bitcoin unlike all those nocoiners?
And it is important for you to know the reasons why you, o sovereign Bitcoiner, would want Taproot activated. After all, your nodes (or the nodes your wallets use, which if you are SPV, you hopefully can pester to your wallet vendoimplementor about) need to be upgraded in order for Taproot activation to actually succeed instead of becoming a hot sticky mess.
First, let's consider some principles of Bitcoin.
I'm sure most of us here would agree that the above are very important principles of Bitcoin and that these are principles we would not be willing to remove. If anything, we would want those principles strengthened (especially the last one, financial privacy, which current Bitcoin is only sporadically strong with: you can get privacy, it just requires effort to do so).
So, how does Taproot affect those principles?

Taproot and Your /Coins

Most HODLers probably HODL their coins in singlesig addresses. Sadly, switching to Taproot would do very little for you (it gives a mild discount at spend time, at the cost of a mild increase in fee at receive time (paid by whoever sends to you, so if it's a self-send from a P2PKH or bech32 address, you pay for this); mostly a wash).
(technical details: a Taproot output is 1 version byte + 32 byte public key, while a P2WPKH (bech32 singlesig) output is 1 version byte + 20 byte public key hash, so the Taproot output spends 12 bytes more; spending from a P2WPKH requires revealing a 32-byte public key later, which is not needed with Taproot, and Taproot signatures are about 9 bytes smaller than P2WPKH signatures, but the 32 bytes plus 9 bytes is divided by 4 because of the witness discount, so it saves about 11 bytes; mostly a wash, it increases blockweight by about 1 virtual byte, 4 weight for each Taproot-output-input, compared to P2WPKH-output-input).
However, as your HODLings grow in value, you might start wondering if multisignature k-of-n setups might be better for the security of your savings. And it is in multisignature that Taproot starts to give benefits!
Taproot switches to using Schnorr signing scheme. Schnorr makes key aggregation -- constructing a single public key from multiple public keys -- almost as trivial as adding numbers together. "Almost" because it involves some fairly advanced math instead of simple boring number adding, but hey when was the last time you added up your grocery list prices by hand huh?
With current P2SH and P2WSH multisignature schemes, if you have a 2-of-3 setup, then to spend, you need to provide two different signatures from two different public keys. With Taproot, you can create, using special moon math, a single public key that represents your 2-of-3 setup. Then you just put two of your devices together, have them communicate to each other (this can be done airgapped, in theory, by sending QR codes: the software to do this is not even being built yet, but that's because Taproot hasn't activated yet!), and they will make a single signature to authorize any spend from your 2-of-3 address. That's 73 witness bytes -- 18.25 virtual bytes -- of signatures you save!
And if you decide that your current setup with 1-of-1 P2PKH / P2WPKH addresses is just fine as-is: well, that's the whole point of a softfork: backwards-compatibility; you can receive from Taproot users just fine, and once your wallet is updated for Taproot-sending support, you can send to Taproot users just fine as well!
(P2WPKH and P2WSH -- SegWit v0 -- addresses start with bc1q; Taproot -- SegWit v1 --- addresses start with bc1p, in case you wanted to know the difference; in bech32 q is 0, p is 1)
Now how about HODLers who keep all, or some, of their coins on custodial services? Well, any custodial service worth its salt would be doing at least 2-of-3, or probably something even bigger, like 11-of-15. So your custodial service, if it switched to using Taproot internally, could save a lot more (imagine an 11-of-15 getting reduced from 11 signatures to just 1!), which --- we can only hope! --- should translate to lower fees and better customer service from your custodial service!
So I think we can say, very accurately, that the Bitcoin principle --- that YOU are in control of your money --- can only be helped by Taproot (if you are doing multisignature), and, because P2PKH and P2WPKH remain validly-usable addresses in a Taproot future, will not be harmed by Taproot. Its benefit to this principle might be small (it mostly only benefits multisignature users) but since it has no drawbacks with this (i.e. singlesig users can continue to use P2WPKH and P2PKH still) this is still a nice, tidy win!
(even singlesig users get a minor benefit, in that multisig users will now reduce their blockchain space footprint, so that fees can be kept low for everybody; so for example even if you have your single set of private keys engraved on titanium plates sealed in an airtight box stored in a safe buried in a desert protected by angry nomads riding giant sandworms because you're the frickin' Kwisatz Haderach, you still gain some benefit from Taproot)
And here's the important part: if P2PKH/P2WPKH is working perfectly fine with you and you decide to never use Taproot yourself, Taproot will not affect you detrimentally. First do no harm!

Taproot and Your Contracts

No one is an island, no one lives alone. Give and you shall receive. You know: by trading with other people, you can gain expertise in some obscure little necessity of the world (and greatly increase your productivity in that little field), and then trade the products of your expertise for necessities other people have created, all of you thereby gaining gains from trade.
So, contracts, which are basically enforceable agreements that facilitate trading with people who you do not personally know and therefore might not trust.
Let's start with a simple example. You want to buy some gewgaws from somebody. But you don't know them personally. The seller wants the money, you want their gewgaws, but because of the lack of trust (you don't know them!! what if they're scammers??) neither of you can benefit from gains from trade.
However, suppose both of you know of some entity that both of you trust. That entity can act as a trusted escrow. The entity provides you security: this enables the trade, allowing both of you to get gains from trade.
In Bitcoin-land, this can be implemented as a 2-of-3 multisignature. The three signatories in the multisgnature would be you, the gewgaw seller, and the escrow. You put the payment for the gewgaws into this 2-of-3 multisignature address.
Now, suppose it turns out neither of you are scammers (whaaaat!). You receive the gewgaws just fine and you're willing to pay up for them. Then you and the gewgaw seller just sign a transaction --- you and the gewgaw seller are 2, sufficient to trigger the 2-of-3 --- that spends from the 2-of-3 address to a singlesig the gewgaw seller wants (or whatever address the gewgaw seller wants).
But suppose some problem arises. The seller gave you gawgews instead of gewgaws. Or you decided to keep the gewgaws but not sign the transaction to release the funds to the seller. In either case, the escrow is notified, and if it can sign with you to refund the funds back to you (if the seller was a scammer) or it can sign with the seller to forward the funds to the seller (if you were a scammer).
Taproot helps with this: like mentioned above, it allows multisignature setups to produce only one signature, reducing blockchain space usage, and thus making contracts --- which require multiple people, by definition, you don't make contracts with yourself --- is made cheaper (which we hope enables more of these setups to happen for more gains from trade for everyone, also, moon and lambos).
(technology-wise, it's easier to make an n-of-n than a k-of-n, making a k-of-n would require a complex setup involving a long ritual with many communication rounds between the n participants, but an n-of-n can be done trivially with some moon math. You can, however, make what is effectively a 2-of-3 by using a three-branch SCRIPT: either 2-of-2 of you and seller, OR 2-of-2 of you and escrow, OR 2-of-2 of escrow and seller. Fortunately, Taproot adds a facility to embed a SCRIPT inside a public key, so you can have a 2-of-2 Taprooted address (between you and seller) with a SCRIPT branch that can instead be spent with 2-of-2 (you + escrow) OR 2-of-2 (seller + escrow), which implements the three-branched SCRIPT above. If neither of you are scammers (hopefully the common case) then you both sign using your keys and never have to contact the escrow, since you are just using the escrow public key without coordinating with them (because n-of-n is trivial but k-of-n requires setup with communication rounds), so in the "best case" where both of you are honest traders, you also get a privacy boost, in that the escrow never learns you have been trading on gewgaws, I mean ewww, gawgews are much better than gewgaws and therefore I now judge you for being a gewgaw enthusiast, you filthy gewgawer).

Taproot and Your Contracts, Part 2: Cryptographic Boogaloo

Now suppose you want to buy some data instead of things. For example, maybe you have some closed-source software in trial mode installed, and want to pay the developer for the full version. You want to pay for an activation code.
This can be done, today, by using an HTLC. The developer tells you the hash of the activation code. You pay to an HTLC, paying out to the developer if it reveals the preimage (the activation code), or refunding the money back to you after a pre-agreed timeout. If the developer claims the funds, it has to reveal the preimage, which is the activation code, and you can now activate your software. If the developer does not claim the funds by the timeout, you get refunded.
And you can do that, with HTLCs, today.
Of course, HTLCs do have problems:
Fortunately, with Schnorr (which is enabled by Taproot), we can now use the Scriptless Script constuction by Andrew Poelstra. This Scriptless Script allows a new construction, the PTLC or Pointlocked Timelocked Contract. Instead of hashes and preimages, just replace "hash" with "point" and "preimage" with "scalar".
Or as you might know them: "point" is really "public key" and "scalar" is really a "private key". What a PTLC does is that, given a particular public key, the pointlocked branch can be spent only if the spender reveals the private key of the given public key to you.
Another nice thing with PTLCs is that they are deniable. What appears onchain is just a single 2-of-2 signature between you and the developemanufacturer. It's like a magic trick. This signature has no special watermarks, it's a perfectly normal signature (the pledge). However, from this signature, plus some datta given to you by the developemanufacturer (known as the adaptor signature) you can derive the private key of a particular public key you both agree on (the turn). Anyone scraping the blockchain will just see signatures that look just like every other signature, and as long as nobody manages to hack you and get a copy of the adaptor signature or the private key, they cannot get the private key behind the public key (point) that the pointlocked branch needs (the prestige).
(Just to be clear, the public key you are getting the private key from, is distinct from the public key that the developemanufacturer will use for its funds. The activation key is different from the developer's onchain Bitcoin key, and it is the activation key whose private key you will be learning, not the developer's/manufacturer's onchain Bitcoin key).
So:
Taproot lets PTLCs exist onchain because they enable Schnorr, which is a requirement of PTLCs / Scriptless Script.
(technology-wise, take note that Scriptless Script works only for the "pointlocked" branch of the contract; you need normal Script, or a pre-signed nLockTimed transaction, for the "timelocked" branch. Since Taproot can embed a script, you can have the Taproot pubkey be a 2-of-2 to implement the Scriptless Script "pointlocked" branch, then have a hidden script that lets you recover the funds with an OP_CHECKLOCKTIMEVERIFY after the timeout if the seller does not claim the funds.)

Quantum Quibbles!

Now if you were really paying attention, you might have noticed this parenthetical:
(technical details: a Taproot output is 1 version byte + 32 byte public key, while a P2WPKH (bech32 singlesig) output is 1 version byte + 20 byte public key hash...)
So wait, Taproot uses raw 32-byte public keys, and not public key hashes? Isn't that more quantum-vulnerable??
Well, in theory yes. In practice, they probably are not.
It's not that hashes can be broken by quantum computes --- they're still not. Instead, you have to look at how you spend from a P2WPKH/P2PKH pay-to-public-key-hash.
When you spend from a P2PKH / P2WPKH, you have to reveal the public key. Then Bitcoin hashes it and checks if this matches with the public-key-hash, and only then actually validates the signature for that public key.
So an unconfirmed transaction, floating in the mempools of nodes globally, will show, in plain sight for everyone to see, your public key.
(public keys should be public, that's why they're called public keys, LOL)
And if quantum computers are fast enough to be of concern, then they are probably fast enough that, in the several minutes to several hours from broadcast to confirmation, they have already cracked the public key that is openly broadcast with your transaction. The owner of the quantum computer can now replace your unconfirmed transaction with one that pays the funds to itself. Even if you did not opt-in RBF, miners are still incentivized to support RBF on RBF-disabled transactions.
So the extra hash is not as significant a protection against quantum computers as you might think. Instead, the extra hash-and-compare needed is just extra validation effort.
Further, if you have ever, in the past, spent from the address, then there exists already a transaction indelibly stored on the blockchain, openly displaying the public key from which quantum computers can derive the private key. So those are still vulnerable to quantum computers.
For the most part, the cryptographers behind Taproot (and Bitcoin Core) are of the opinion that quantum computers capable of cracking Bitcoin pubkeys are unlikely to appear within a decade or two.
So:
For now, the homomorphic and linear properties of elliptic curve cryptography provide a lot of benefits --- particularly the linearity property is what enables Scriptless Script and simple multisignature (i.e. multisignatures that are just 1 signature onchain). So it might be a good idea to take advantage of them now while we are still fairly safe against quantum computers. It seems likely that quantum-safe signature schemes are nonlinear (thus losing these advantages).

Summary

I Wanna Be The Taprooter!

So, do you want to help activate Taproot? Here's what you, mister sovereign Bitcoin HODLer, can do!

But I Hate Taproot!!

That's fine!

Discussions About Taproot Activation

submitted by almkglor to Bitcoin [link] [comments]

Is bitcoin eyeing a price breakout? What Makes Stock Prices Move Up and Down Bitcoin Halving 2020 Explained & Why Price WILL RISE!!! Bitcoin Rush!! What's driving the price right now? BITCOIN IS ABOUT TO EXPLODE! 2020 Could Create The Perfect Storm for Bitcoin's Price

The last Bitcoin Halving took place on July 9th, 2016 which caused the block reward to fall from 25 new Bitcoin created to 12.5 new Bitcoin created. As to be expected, there were large fluctuations in the Bitcoin in the months surrounding this event. In a little under two weeks the reward for digitally mining Bitcoin will be halved from 12.5 coins per block to 6.25, constricting the supply of the cryptocurrency and potentially driving up price. Bitcoin trading is gaining immense popularity among traders. It is no different than other tradable market assets. However, before actual trading, make sure to have ample practice through various means like paper trading, etc. Perhaps, in the case of bitcoins, they are traded ‘on the idea’ that it’s traded on the real currency. This is why bitcoins remain less affected by the supply We suspect that that is what is driving the increase in prices, rather than the actual ransom demands themselves. The US currently gets the lion’s share of attacks with 53% according to reports, and now that cybercriminals are switching to higher-profile targets, more companies could start buying up bitcoin which of course will affect its price. Bitcoin's rally continues to gather pace. (Photo: Bloomberg) Bitcoin prices cross $11,000 with another big surge 2 min read. Updated: 24 Jun 2019, 04:19 PM IST Bloomberg . The largest

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Is bitcoin eyeing a price breakout?

Bitcoin Rush!! What's driving the price right now? eToro. Loading... Unsubscribe from eToro? Cancel Unsubscribe. ... Why Bitcoin's Price Continues To Rise - Duration: 17:47. In this presentation Manuel Andersch, Senior FX Analyst at BayernLB is uncovering the path which lead to what he calls "bitconometrics". Working with different quantitative models to value Bitcoin ... How China and Facebook's 'Libra' are driving up Bitcoin's price - Duration: 8:03. CNBC Television 65,196 views. 8:03. WALL STREET is CREEPING IN on BITCOIN & CryptoCurrency. D.A.N. is now a TOP ... Step 3 – Go to Coinmama and choose the amount of Bitcoin to buy Step 4 – Enter your Bitcoin address and payment information The Bitcoins will be sent to your wallet within a matter of minutes. Bitcoin halving 2020 explained by 10x nation. On why bitcoin price will rise after bitcoin halving date. The bitcoin halving 2020 is coming up next month and you won't want to miss this investment ...

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