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1001  Economy / Scam Accusations / Re: yahoo62278 scammed the forum with his fake donation (part 2) on: February 20, 2023, 09:15:30 AM
Did you notice you are accused of Yahoo's alt?

I did notice. It's somewhat funny that he thinks that if he edits the posts the internet doesn't keep traces of what he wrote initially.
Just look at this or this Grin

You cannot expect a good answer from him.

I know, that's why I chose not to answer to him and his mindless insults. I've made my point and I went on.
1002  Economy / Games and rounds / Re: SINBAD MIXER February Bitcoin Price Prediction Challenge on: February 20, 2023, 08:55:27 AM
Prediction 2: $32,654.20
bech32 address: bc1q5cl9jwt8wkg6h3e38axkedhla8lq69m45tnd6y
1003  Bitcoin / Bitcoin Discussion / Re: Revisiting Bitcoin ATM Data and Current Growth World Wide on: February 20, 2023, 07:50:13 AM
Q. How many Bitcoin ATM's are being installed per day ?

Interestingly its around 13.6 ATM per day average.

While the numbers are impressive, it's no longer such a wonderful news as new ATMs were seen in the previous bull run.
Now the laws/rules are more strict and KYC is needed in much more cases/places and in some cases also the fees have gone up (and we know that crypto ATMs were never cheap).
Overall it's a good news, but, again, not as great as it would have been some years ago. US and Canada look good now; Europe and he rest of the world needs to also get the numbers rising.
1004  Economy / Economics / Re: Bank of Russia to Pilot CBDC in April on: February 20, 2023, 07:36:57 AM
Russia desperately needs means for the various countries pay for the gas and oil they still manage to sell. And if those payment methods are under the radar, even better.
However, a digital Ruble is imho not the best way forward, since those states will clearly be wary about a coin controlled by Russia both as infrastructure and value. Bitcoin or Monero would have been much better suited for the job.

And related to the population.. we see most of the Russians do whatever they're told to do. So CBDCs for population will be a great success (if no notable errors will be there and some hackers will become billionaires overnight).
1005  Economy / Scam Accusations / Re: yahoo62278 scammed the forum with his fake donation (part 2) on: February 20, 2023, 07:20:33 AM
And yahoo is blackmailing me and insulting me to stop. He will cause me to be banned.

It took me some time to understand where is that "blackmail" screenshot from.
Let me tell you in simple words: If you would spam my mailbox with that kind of messages I would report them straight away without being as kind as yahoo was and let you know you're doing it wrong.

Note: I don't give a fug about refund regarding money. I have plenty of money.

Interesting. Still, the image you've posted tells "I want a refund".

The dude is

What "the dude" is .. that's something you've just proven that you cannot assess, since you seem to have big issues: you're either a cheap butthurt liar, either have deeper mental issues.
Seeing the evidence I've checked I start doubting that even those "transaction screenshots" come from a wallet you control. But I don't even care enough to ask for proof, since it won't prove much anyway.

Who here appointed you as a judge?

Very well said!
1006  Other / Meta / Re: Why not force bounties off site? on: February 20, 2023, 07:03:18 AM
maybe in the future theymos would add restrictions to force at least Member rank to join

This would be imho a bad idea. This would have the potential to boost again account sales, maybe merit selling and who knows what other related "cheating".
So why would he introduce new risks? I think that ignoring altcoin bounties and maybe altcoin service announcements too is a more sane approach.
1007  Other / Meta / Re: Why not force bounties off site? on: February 19, 2023, 05:25:10 PM
At the moment we are allowing proof of authentication posts which offer no value to the forum and is legal spam. It goes against every other rule that the forum has. We want quality discussion and we try to do that with every other rule but the bounty board is given a special privilege and we allow very low quality members get away with it.

Can we please stop this?

You are only partly right and I don't think that your request has many chances to be successful.
Let me tell you my logic for this:

* Signature campaigns (1) are beneficial to the forum because they keep many quality posters remain interested in staying and posting here.
* The signature campaigns also have posts that can be seen 0-value: the posts of people signing up for the campaigns, the post from the campaign managers informing who got accepted or about the payments being made.
* Altcoin signature campaigns are often part of larger bounties (2) so they're .. let's say okay-ish.
* Then there are the bounties completely off this forum, with only their "ledger" being kept on-forum. These are indeed a stretch from the rest, since they're not useful like their siblings (1 and 2), but, on the other hand they're pretty similar to (2). And I think that this is what may be one of the reasons for keeping them.

Another logic may be that they're after all still crypto related services, and crypto services are okay to be discussed and handled here.

I hope it makes sense.
1008  Economy / Collectibles / Re: [FREE RAFFLE] 502nd- ฿ECAUSE I AM STILL IN A GOOD MOOD-CYPHER HODL PRINTED COIN on: February 19, 2023, 04:39:55 PM
30 NeuroticFish

Thank you for the raffle(s)!
1009  Other / Archival / Re: Bitcoin vs. Inflation on: February 19, 2023, 04:28:56 PM
Intel has entered the game and I think that they've made a much more comprehensive research than you and me.

They are a hardwere producers not a miners. So they care to sell x amount of units not about how profitable they are. Am I wrong here?

I talk about mining ASIC chips. I don't know if they make the miners too or only the chips and it doesn't matter much in this discussion. Even if they're only the chips, they have no other use than for mining Bitcoin or similar coins, hence being used inside mining hardware.
And they can sell a good number of units only if mining stays profitable. Else the mining businesses will certainly not invest into new hardware... At least this is how I see the things.
The Intel miners (ASIC chips or full devices, whatever) are a novelty, but I doubt people (and businesses!) will only buy them as collectibles  Wink

You are right that example I posted shows very far future. My point was to show the end-game that we are heading too. How negligible the last halving will be. So the good question is where are we now? We know that first halving (reduce inflation from 25% to 12%) had huge impact on price and was fallowed by a 100x pump. Second one (from 9% to 4,5%) was fallowed by a 40x pump. Third halving (from 4% to 2%) and a 6x pump. 4th halving will reduce inflation from 1.5% to 0.7% and its possible that we will do only a 2-3x pump or not if markets will be disturbed by recession or WW3.

5th halving and we will cut inflation from 0.6% to 0.3%. Does it matter? Especially if we evaluate bitcoin in a currency that inflation changes by 1% in a month/month basis.

This math is actually not too bad. But this means the next pump will go 2-3x from the last ATH (if no recession or bigger war). And this contradicts the initial statement that in the next decade (meaning 10 years) the price stays in the 20k-60k range.
So what I've missed or where we don't understand each other?

I know the narrative, that miners wont sell at loss so price have to go up. But price will go up only if we assume that demand is constant. Which is not. It can go down as well and those miners that did not sell at loss wont have cash to pay for bills and will go bust reducing difficulty for others. Other miners will mine cheaper bitcoins that they will sell at profit even lower. Difficulty doesn't have to go up all the time.

That's correct. Still, the history has shown for now that the difficulty went down only for rather short periods of time and this trend seems to still be strong. For how long? I don't know, but, again, it breaks that 20k-60k range prediction.

I'm not saying that bitcoin will not reach new ATH. I'm saying that all 3 scenarios posted above are possible and the fact that we will have halving in next year doesn't change that.

Franky1 has some interesting calculations he posts here and there. According to those, now the minimum price for obtaining bitcoin (by the miners) seems to be at about 15k (maybe 16k).
The halving will make that minimum price become 30k (maybe 32k), hence I think that it's still the main fuel for the next massive pump (or bubble).
As I said, your long term calculations are not bad, still, last block (777359) had 6.25BTC block reward and less than 0.25BTC tx fees; the tx fees are still not a big enough percentage of the total income to make a real difference. I think that the problems you're telling about will really happen only when the tx fees will become larger then the block reward.
1010  Bitcoin / Legal / Re: SEC vs Binance on: February 19, 2023, 04:09:49 PM
Actually I think that these moves are not related to protecting American citizen, nor American businesses. I think that it's meant to pave the way for the upcoming CBDC. And that's, sorry, overly hypocrite.
Very old wisdom: "What is good for a citizen is bad for the state and vice versa".
A friend who was in Davos said that the CBDC trend is a priority and by 2026 CBDC will be in Europe, the USA, Russia, Japan and other countries. This is just the beginning. And all the crypto exchanges that remain on the market will be banks. Regulation will be the same as banks, so only the largest will survive.

That's correct. It's an unfortunate reality we should not deny.
While the migration to bitcoin standard would have been much more beneficial for the citizen, ... that old wisdom you posted tells the story.
So we'll get CBDCs. However, as you said, the largest, the "fittest" will survive. And we know that the current stable coins are not so fit and, excepting Tether, they're not large either. So.. I don't see why they're bashing them already... unless they really want to implement into CBDCs all the bad features we're afraid of and we're talking about every time CBDCs come into discussion (full control of the state on people's money, from history of transactions to seizing the funds from inside people's wallets). And then no sane individual would touch those. Something doesn't seem to add up...
1011  Economy / Reputation / Re: Abuse of negative trust – mr.relax on: February 19, 2023, 08:24:29 AM
So, on this relatively new decentralized DT system, mr.relax can be kicked out of DT2 without having Buchi-88 to remove him from his trust list, you just need more DT members exclude him [~mr.relax].

I thought that this rule stands only for DT1. Thanks for correcting me (I'll edit now the other post too).
Then it was even easier. Indeed, this guy is no longer DT2. Problem solved.

Buchi-88 is a trustworthy member and it's just a coincidence.

I didn't tried to imply anything wrong about Buchi-88. I just tried to find a "quick fix" because I didn't know that the DT1 exclusion works in the same way on DT2.

but I don't want to bother Buchi-88 right now, especially because I expect that DT will exclude mr.relax quickly.

You were correct. It's already done.
1012  Economy / Reputation / Re: Abuse of negative trust – mr.relax on: February 18, 2023, 08:53:38 PM
I had to Google translate that trust feedback and I agree:

Negative tag is not OK to be given for insults.
Negative tag is not OK to be given as a result of disagreements.


Now.. I see some sort of oddity too.
You are trusting Buchi-88 (DT1), he trusts mr.relax (and makes him DT2) and you distrust mr.relax.

I may be wrong, but I think that mr.relax remains DT2 as long as Buchi-88 trusts him and no matter how many direct distrust we give him. <-- I was wrong with this, see the rest of the posts too.
But if my logic is correct, an idea would be that maybe you also discuss with Buchi-88 review his trust list. After all, I see he's a fellow German and may be more aware of the context too.


Of course, the direct distrust on mr.relax most probably also helps on long term.
1013  Bitcoin / Legal / Re: Wyoming passes bill prohibing Bitcoin private keys from Courts on: February 18, 2023, 08:33:43 PM
It's all political showmanship.

Political showmanship is usually meant to attract businesses and individuals (preferably wealthy ones) into the empty or poor countries, or states, or regions.
Actually doesn't even have to be poor or empty... one example I see is Lugano (in Switzerland) making bitcoin some sort of legal tender.
1014  Local / Română (Romanian) / Re: Concursuri/tombole pe bitcointalk (sau pe aprope) on: February 18, 2023, 08:15:12 PM
Avem un concurs nou!

 Cheesy Cheesy Cheesy
Tocmai am venti sa anunt concursul.. ca sa vad ca ai facut-o tu  Cheesy

Nu ar fi stricat sa zica cu cate zecimale se pune suma. Eu am ghicit un pic mai putin decat tine, ca sa fie de vreo 0.05 LTC  Wink
Bafta sa avem!
1015  Economy / Games and rounds / Re: Guess my reload, win 11.11$ . Small giveaway. on: February 18, 2023, 08:12:36 PM
I'll guess: 4.98$
OP, maybe you'll state how many digits after the decimal point are allowed.

Thanks for the raffle!
1016  Local / Română (Romanian) / Re: Cazul Silk Road: povestea adevărată nespusă. Este Karpelčs Satoshi sau DPR? on: February 18, 2023, 08:07:24 PM
Dar să stai luni sau ani de zile după gratii deşi eşti doar suspect .. mi se pare aberant.

Depinde de persoana si de fapta. Adica unul poate sa omoare martorii sau macar sa-i sperie bine. Sau poate sa isi stearga urmele. Sau sa fuga/dispara complet.
Sunt si motive care pot sa aiba sens. Si cel mai probabil de asta s-a venit cu povestea ca Ross a ordonat moartea unora, sa fie considerat suficient de periculos pentru a fi bagat rapid la rece (nu ca sefii mafioti nu si-au putut continua afacerile pe telefon si din inchisoare, inclusiv sa ordone moartea unora...)

Să primeşti sentinţe multiple pe viaţă pentru înfiinţarea unui site mi se pare şi mai aberant.

Corect. Si inca se intampla, uite ce a patit programatorul tornado cash.

Şi puţin ciudat să te gândeşti că acelaşi tărâm acum merge cu paşi repezi spre legalizare.  Păi cum, acum câţiva ani de zile i-ai fi luat gâtul iar acum îl rogi să vândă?

O, da, foarte bine punctat. Iar cei bagati la zdup in prohibitie sunt la rece, ca asa a fost legea atunci...


De aceea zic: ma ingrozesc si ma deprim. E o marsavie fara sens si fara seaman. Cei care fac nasoale cu carul scapa, se prescrie, dispar, iar cine pica sa fie la locul nepotrivit la momentul cel mai nepotrivit o ia pe coaja de-i merg fulgii. Iar Ross cum are in carca si chestia cu ordonat crime (reala sau nu, dovedita sau nu, nu conteaza, presa conteaza, vezi Wag the Dog), nu stiu daca se va gasi vreun presedinte suficient de curajos sa-l gratieze. (Asta referitor la ce scrisese Gazeta).
1017  Bitcoin / Hardware wallets / Re: Serously You Label Your Metal Seed Storage Plate?? on: February 18, 2023, 07:39:45 PM
OK, I think it's a bit much to have your logo on something that is supposed to be safe / hidden while holding something valuable.
I just bought one for a friend and saw the logo and was thinking WTF???

I think that all the businesses are proudly putting their logo on their products, no matter how (in)appropriate it is  Cheesy
I've said it on Willi's thread too. These look to me more like collectibles. More like nice things to show off.
If one wants to hide their stuff on steel, I think that the best idea I've seen on this forum was the use of washers.
1018  Other / Archival / Re: Bitcoin vs. Inflation on: February 18, 2023, 07:30:51 PM
That's by far not expected. Institutions have more likely (and bigger amounts too) liquidity saved to buying at bottom whatever they can (usually competitors, but Bitcoin is also very appealing at this price).

Institutionals, represented by various banks and funds, will definitely not miss the opportunity to buy at the bottom of the market. As soon as central banks release liquidity to the markets, buying will become more tangible.

Ooohhh, so sorry. I've fixed now my other post too. It was a typo there. I meant "That's by far not unexpected."
I hope now it makes more sense. Yes, they started buying and as the bullish trend becomes something beyond doubt they're expected to increase their sales. We're on the same page  Wink

My point is that each halving has lower fundamental impact. In about 100 years we will cut mining rewards from 2 sats/block to 1 sat/block (the very last halving). I don't think that price will double thanks to this only because miners rewards are getting cut by half (from 0.00105 BTC/ year to 0.000525 BTC/ year while whole supply is 21M). At that day no one will care about halvings. I thinks we have 0-3 halvings left that will have any impact on price. Although i know its not very popular statement in crypto community.

You're right about the far future, but we're not there yet. The amount obtained from tx fees is still small compared to the block reward. And will still be so after the next halving.

3- the fact that hasrate has to go up. In fact it dosn't. We can be at the top of first hashrate cycle and now a decade going sideways.

The advance in technology still happens. Intel has entered the game and I think that they've made a much more comprehensive research than you and me. And if this step is expected by them to cover the costs and also bring them very good returns, that means that the hash rate will still grow in the near future. So again, your logic may be right for a farther iteration, not for now...
1019  Bitcoin / Legal / Re: SEC vs Binance on: February 18, 2023, 07:18:24 PM
Well 1 BUSD = 1 BUSD and people don't understand that 16 billion BUSD can become easily = 1 cent. Some might need a cold shower in order to improve their math. Sorry, I was wrong, Terra has provided that math lesson, but people have still missed the point.

But, but, 1 LUNA =1 LUNA if you don't sell, right?  Cheesy

True, and you'd be surprised to find out how many hope to see it also equal to 1 USD...
We both know that the only thing equal to 1 USD is 1 USD and also that its value has became smaller since I've started writing this post.
Some still believe this or that business' claims that their coin worth the same as the dollar. Yes, it does... until it's not.

The SEC is not a hypocrite.

Actually I think that these moves are not related to protecting American citizen, nor American businesses. I think that it's meant to pave the way for the upcoming CBDC. And that's, sorry, overly hypocrite.
1020  Bitcoin / Bitcoin Discussion / Re: Tainted coins on: February 18, 2023, 07:06:39 PM
Because you cannot own a good that you received unlawful.

And there's no protection for you - the buyer - for the cases you didn't know you've bought stolen goods? That would be a bit odd, there must be something that can help you.

Plus, in case of Bitcoin, there's a very good chance that when you get coins from somewhere, maybe 1/100 of an input would be from "bad sources". Will you call that tainted? Most don't. Most businesses tend to work with a number of steps back and a certain percent of "bad". A skilled thief (ie one that's not doing an obvious theft that's known almost instantly by everybody) has very good chance to get the time to conceal his coins even under the legal (percent, steps) "radar" (PS: afaik the last heists were not made by thieves that skilled). You know, it's not all black and white. That's why I said that for the sake of sanity the miners should not censor for reasons like "taint coins".

And 0.01 BTC trading fee out of 1000 traded tainted BTC are still tainted.

Actually this last point is invalid. And that's because of the way bitcoin works. Technically the link between the miners' fee and the "tainted transactions" is lost.
It's like for all the mined transactions the fees are sent into oblivion (destroyed) and spoof, the same amount gets added to the block reward (as newly created money).
(So while there can be a debate whether miners should censor or not transaction - but you would not have enough good arguments in that - on the tx fee I think that you have an even weaker case.)
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