Those patents are probably very specific use cases that don't necessarily conflict with Bitcoin. You can't patent anything that provably existed before your request, so existing crypto projects should be safe.

The question is whether it will stiffle innovation further down the road. However since software patents are not universally accepted it will be close to impossible to take legal action against any decentralized international project.

According to this article by the end of 2018 governments all across the globe had confiscated about BTC 453,000 i.e. 2.6% of the global supply at the time.

https://www.theblockcrypto.com/genesis/2944/analysis-the-u-s-has-seized-nearly-200000-bitcoins-to-date-global-confiscations-are-up-to-453000

Looking at CoinMarketCap the last 24h saw a trading volume of about BTC 3,000,000.

So looking at these numbers the global government holdings of Bitcoin are barely enough to cause a market dip for maybe a day or two, so... just another Tuesday when it comes to crypto.

Of course that was 2018 so maybe the governments already increased their stashes since then.

Except they didn't even held onto the aforementioned amount and have maybe a tenth of that left so like 0.2% of the current global supply.

¯\_(ツ)_/¯



"They"

Sure.

Since he spent AU$76,000 worth of computing power on mining AU$9,000 worth of crypto I'd say it's the kind of profitable where you only make money if you're not the one paying for electricity and hardware.

Oof. Diverting AU$76,000 worth of computing power to mine AU$9,400 worth of cryptocurrency. Such a muppet.

Also, what did he assume would happen once someone noticed the performance degradation? Happily coinciding with him starting to work there, handling the very infrastructure that is all of a sudden causing troubles?

(no one will ever beat the Russian nuclear scientists though, bringing an airgapped nuclear system online...)

If it's so easy and profitable why haven't any of those scenarios happened yet though? Especially the first scenario is something where moving first and as soon as possible would be of utmost importance.

I'm afraid all you can do in this situation is wait for Coinbase to respond.

If you're lucky Coinbase has changed their policy regarding wrongfully sent tokens (some exchanges offer recovery for a fee, albeit a hefty one). Otherwise I'm sorry to say that like OP you'll be out of luck.

Good. Companies should be treated as such. Using a blockchain rather then traditional means does not give you a free pass.

Also if a single government agency is able to shut you down you might be using decentralization wrong.

While I think that merit giveaways based on newbies highlighting good are a positive thing; handing out merits for little to no effort just so brand new accounts can move up the ranks is rather detrimental and kinda runs against what merits are for.

As long as it's not turning into a trend I don't really see it as a problem though, since any outlier doing this will run out of smerits soon enough.

Apart from the likeliness of this just being some bullshit made up to stir the pot -- wouldn't that pretty much ruin the credibility of the US? Not that I know much about economics but that sounds like it would be a perfect move to dismantle the USD as a global reserve currency.

Also each country is responsible for its own handling of the pandemic. If a government drops the ball and fails to protect their own citizens then only they are to blame. Everything else is child's play.

It doesn't even equate to increasing power usage. As technology progresses mining hardware does get more powerful and efficient over time.

Also it wouldn't make any sense for miners to spend more money on electricity at a block reward of 6.25 BTC @ USD 10.5k than a year ago at a block reward of 12.5 BTC @ .... well I'll be damned: USD 10.5k. Miners now have half the money to spend on their power consumption than just a year ago. Accordingly the Bitcoin network will currently use only half the power it did just a year ago (give or take and ignoring changes in electricity prices).

Calling those paper coupons "vouchers" instead of Euros or Dollars does not stop them from being money.

Also would this mean that all goods and services are offered by the state? Because unless the state takes those vouchers out of circulation when spent in the (state-run)market, some people will start accumulating them as they sell more popular goods or offer more popular services than others.

This whole situation sounds really messy. I wonder if that is happening out of malice (ie. trying to get rid of cryptocurrencies) or incompentence (ie. trying to regulate cryptocurrencies).

Either way it looks like Russia plans on falling even further behind, economically.



I wasn't aware of the alleged ties between the Petro and Russia until now, interesting to learn. It's even more interesting to hear that it's still being pushed. A cryptocurrency issued by Venezuela, backed by oil, sounds like it should be long dead by now.

If central banks wanted to use Ripple they'd probably just fork it and improve it to their own liking, for better or worse.

Any entity that has motivation to use a centralized cryptocurrency over a decentralized one will try to establish a centralized currency of its own, as to remain in control.

Klingt prinzipiell nach einer validen Theorie, abgesehen von:


Ich sag nur: "füR jeDeN BItCoIn deN Ihr mIr scHIcKt, sChICKE IcH dAs dOppELtE ZURÜcK!"

Tatsächlich ist die eigentliche Frage ob der Text vom OP für heutzutage nicht bereits zu lang ist. Auf der anderen Seite verpacken diese Scammer das ganze wenigstens noch in ein hübsches narrativ so wie die Nigerianischen Prinzen damals. Vielleicht sinds auch unterschiedliche Zielgruppen.


Manchmal frag ich mich ob Scammer Fokusgruppen und A / B Tests machen.

Nicht schlecht!


o_solo_miner: "Aber bei dir sind die Umlaute wenigstens richtig, die haben also gelernt."

scammer: "Höld mý bëẽr!"

I'm not sure about exchanges or crypto casinos, but Trezor / SatoshiLabs for example has multiple full nodes running (for both Bitcoin and the various alts they are supporting):

https://status.trezor.io/

Visiting the servers in your browser (btc1.trezor.io, etc) will lead you to each respective blockchain explorer, where you can see that each node has a slightly different state. Even the last block update timestamp may vary by a second or two, so you see that they are using multiple full nodes rather than multiple clients sharing the same blockchain data.

To be fair though I'm not sure whether Ohio can compare to Switzerland as far as anything finance related is concerned. If money were a country it'd be Switzerland.

It seems to be theoretically possible, but may lead to data corruption as it's not a use case that has been accounted for.

Here's a related discussion from 2016.
https://bitcointalk.org/index.php?topic=1340309.0

Here's a guy on reddit discussing how they approached the matter:
https://www.reddit.com/r/btc/comments/4r48oa/running_a_node_with_the_database_on_a/d4yolwm/

There's always malware making its rounds, hence the importance of cold storage and hardware wallets. Interesting that the email attachment attack vector still works though, I would have expected for people to get smarter by now.

Well technically you can always hit one of the crypto casinos, but you're more likely to lose $10 than to gain $90. Trading without prior knowledge is just as bad, maybe worse. But I doubt even experienced traders are able to reliably yield 10x their stake per month.