List of Bitcoin Cash supporters who strongly oppose Bitcoin ABC

Please add your nick and comment below

submitted by /u/ErdoganTalk
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source https://www.reddit.com/r/btc/comments/i3997r/list_of_bitcoin_cash_supporters_who_strongly/

So I'm about to drop my 401k into Bitcoin. Talk me out of it.

It's only 10k and CARES allows me to avoid a lot of fees, but honestly, I see more potential coming out of Crypto than sitting in a 401k.

submitted by /u/ArchPower
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Why can’t the code be changed to make more than 21 million BTC ?

Why can’t the code be changed in BTC in order to mine more ?

ELI5 please

Why can’t more then 21 Million BTC ? Trying to explain to a friend and they keep saying code can be changed , hacked, altered etc.

Thanks !

Also if someone could ELI5 why a fixed supply will ultimately make the price explode ? ELI5 once again please

submitted by /u/Purple1Rain
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RANT POST ***

Not going at this in a negative way, just an observation of mine. - Old timers need not apply.

Many in this subreddit are way Too obsessed with the price constantly going up and up and up.

But don’t take the time to learn about markets, the cycles, timing, the fundamentals, looking at bigger time frames .. it seems some are way too naive and think once bitcoin breaks out .. it’s NOT supposed Correct!!!

All I’m saying is, for those who are new (1/2 years into bitcoin) or for those that haven’t learned about market cycles, corrections and overall information when it comes to assets.

Don’t expect for things to ONLY go up. Corrections are very good when looking at the larger picture.

submitted by /u/Federer107
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Why is DeFi praised so much?

I understand that decentralization puts the power in our hands but how is that really the case? If whales can influence the price so quickly how can this ever become adopted by the public? I’m trying to learn as much as i can right now but i don’t fully understand why everyone is saying that crypto is the future. Aside from fast payment processing, if the prices are so unstable how could this truly be accepted by the global economy?

I’m not trying to incite any arguments. I just want to become educated so that i may impart this knowledge to others as well.

submitted by /u/Zennity
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$1 billion liquidated as Bitcoin drops $1.4K in minutes

submitted by /u/KayleighSosnowski [link] [comments]

Possibility of a brute forcing industry arising from improvements of mining hardware. When will it be profitable to crack a 12 word phrase?

I was conducting a thought experiment regarding brute forcing mnemonic seeds and wondered what circumstances would have to arise for it become profitable. I know that this would probably never be practical but I was still curious.

the current hashrate is 110EH per second. so one block for every 66000 Exohashes

assume moores law continues as it has been, if someone knew a wallet had 1 blocks worth of BTC, and ASICs could be created in the future solely for this purpose, when would a 12 word mnemonic seed brute force be profitable?

assuming the checksum is just as hard to crack as the other words to be conservative, the amount of hashes would be 2048^(x), where x is the amount of missing words.

punching 2048^(x)=66(10^21) into wolfram alpha, X approaches 7. so right now the answer is 7.

in 6 years, hashing power of the network has increased approx. 1000 times.

assuming this continues (which it wont due to physical constraints of microelectronics causing diminishing returns) then approx. every 6 years you need an additional word to protect 1 block of btc.

66(10^24)=2048^x. X will approach 8

2020+6*(number of words)=2050 for an additional 5 words.

So around 2050, cracking a 12 word mnemonic seed would take the network 10 minutes hypothetically. The block reward will be around 6.25/(2^7)=0.0488BTC. In 6 more years it would be profitable if the wallet held about 1000 times less.

24 word mnemonic seeds would be safe for much longer

submitted by /u/wumbis
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