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1021  Economy / Economics / Re: No petrol/diesel car sales by 2035/ Reality or dream? on: February 17, 2023, 11:38:14 AM
Some reports indicate that the costs of running an electric car are actually lower than the costs of running a car with an internal combustion engine.

For the end user, after the initial buying price? Probably.
Overall? No. The batteries are expensive and their production is harmful for the environment. I don't think that most countries will even have proper battery disposal facilities by 2035.
Even the charging of EV is a difficult problem, because it can drain the grid under safety levels. EV can have a proper future only after we (humans) invent much better ways of storing electricity for both EV, charging stations, regions (!!).

So, will this goal be achieved by the year 2035? Will the cars be more efficient and at a good price compared to current prices, or is it a policy that may take decades?

No. But it will ensure steps towards that.
Remember the original economy light bulbs? They were all neon bulbs with toxic materials in. Meanwhile we switched to LED bulbs. I think that this is the intention: a push towards evolving.
1022  Bitcoin / Bitcoin Discussion / Re: Tainted coins on: February 17, 2023, 11:29:50 AM
I think Bitcoin has a big problem with tainted coins

There's a saying that all USD bills smell of cocain. And they are well in circulation.
Tainted bitcoins? Well, it depends greatly on who is looking at them. For now the majority tells that 1 BTC = 1 BTC and those telling stories about tainted coins have a different agenda.
All in all, some (rather few) businesses pretend to have problems with tainted coins, but most of them don't do the right thing (alert the authorities and hand the funds to the right owners), instead they spread big words on tainted money and, when they get such funds may just try to get them for themselves.

And one additional question: Is it legal to get the transaction fees of illegal transactions?

What if the miner has processed the transaction without knowing it's stolen money? Who decides what transaction is illegal (and does it makes any use if the miner has already processed it)? Who decides if the first one deciding the tx is illegal was deciding that correctly or not? (Because, sorry, but that's how law works).


So the only sane approach is to leave miners process all the transactions (because any kind of censoring can lead to bigger problems overall) and get hold of stolen money as soon as that money reaches an exchange, for example.
1023  Bitcoin / Bitcoin Discussion / Re: Many merchants are worried about high transaction fees on: February 17, 2023, 11:17:57 AM
Many crypto payments are charging higher transaction fees and what has left in the hand of merchants?
What’s your take on this situation guys?

As said, it's not normal to ask for higher fees since the buyer sends the funds and pays the network fee. But I can easily guess that some payment processors may try to get some extra money by exploiting the busier-than-usual mempool and the lack of knowledge. I would not be surprised if BitPay does this (again) in order to convince people use the altcoin they're supporting.

I guess that the merchants in question are using the wrong payment processors and have to DYOR and change to different ones.
Or, if there's a bit of technical knowledge, consider installing your own BTCPay server.
1024  Other / Meta / Re: Dark mode on Bitcointalk on: February 17, 2023, 10:51:12 AM
Is there a way to add dark mode to the forum?

There are plenty of ways. One of them is to install the BPIP extension to your browser (Chrome/Chromium based or Firefox) and, amongst a lot of other nice features, you can enable one of the dark themes from there.
The BPIP extension topic is: https://bitcointalk.org/index.php?topic=5224821.0
and you can find it (for free) in the browser's add-ons/extensions "store". The links are also in the topic I've linked.
1025  Other / Archival / Re: Bitcoin vs. Inflation on: February 17, 2023, 09:47:24 AM
But to be honest i don't think its the most likely scenario. More likely one is that we will be stuck for a decade in 20-60k consolidation. Something in between seams to be the most likely one.

In short term I expect everything to be bullish until inflation hit short term bottom (next few months). Somewhere around CPI=2-4%. Is 2-4% possible? In my opinion it is. And inflation bottom (before new wave to new inflation ATH) should be around JUN and market high in APR/JUN. "sell in May and go away" should be a good strategy this year.

While for short term I cannot argue, I don't think that it'll go too high this year (and whether the high point will be in May or later I don't know), on long term (decade) you seem to have missed the halvings and the ever increasing difficulty; this cannot be sustained for 10 years only with max 60k price (and usually lower).


Please edit and merge your posts instead of making consecutive ones. May worth reading the forum rules too.
1026  Economy / Economics / Re: does bitcoin help in your economy? on: February 17, 2023, 09:05:32 AM
The question is whether when you benefit from bitcoin, you can help your economy and your family?

For me Bitcoin is an investment and also the currency for my extra income(s) or side jobs (tasks).
This means some extra money for the monthly expenses and also an unimaginable peace of mind because I know I have something there for the rainy days (although the fiat value of that something has its ups and downs).
1027  Bitcoin / Legal / Re: Wyoming passes bill prohibing Bitcoin private keys from Courts on: February 17, 2023, 08:48:50 AM
I am really just reading it as:
Paragraph 1 = You cannot be forced to hand over your private keys.
Paragraph 2 = unless we say so.

Thanks for "translating" this  Cheesy
I've read the news yesterday and I was surprised, because at first it sounded too good to be true (hence some alarms got triggered). Now I know why.
1028  Other / Archival / Re: Bitcoin vs. Inflation on: February 17, 2023, 08:27:10 AM
I watched the latest reports on crypto investments and found that the main purchases of the same bitcoin occur at the expense of institutional ones. That is, the growth from 15k to 25k that we are now seeing can be called institutional, as in the second half of 2020.

That's by far not expected unexpected. 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).

Inflation is slowing down because we are in recession and due to bull whip effect. Definitely not because of "soft landing"

My economics background is not strong enough to check this. Whether the recession is avoided (again: for now) or we're in deep sh#t and they're covering it, I don't know and I guess that there are (oh, so) many in this situation (of not knowing the difference).

Exactly the same we have now. Inflation is going up, assets are going down, people predict the worst-case scenarios. Inflation goes down, assets pump people wait for FED pivot not buying the bottom. Inflation reach short term bottom, FED do pivot, retail buy the local top. Inflation goes up, assets goes down, retails are broke.

Interesting. And what you think Bitcoin price will do in this equation? Will it follow the other assets and will go down again big time?

Edit: fixed typo
1029  Bitcoin / Hardware wallets / Re: Trezor T showing wrong balance? on: February 17, 2023, 08:05:32 AM
I agree with @Charles-Tim here. Electrum can easily show you what's real.

You download it from https://electrum.org , run it together with your Trezor HW (Standard wallet, then Use Hardware device), in Tools->Preferences you set the base unit from mBTC to BTC, also set View->Show addresses, go to the Addresses tab and click the Balance column's header to sort by amount (you may need to click twice to sort descending). Then you'll see what addresses have money.
Plus, the window's footer area tells the sum / full balance.
1030  Bitcoin / Legal / Re: SEC vs Binance on: February 17, 2023, 07:40:34 AM
and just deals as it was supposed to be, fiat vs BTC, and not IOU notes vs script generated coins.
Just an idea, but seems pretty appealing, to me at least.

I think that the best use case for stable coins was arbitrage trading. For that, some sort of stable coin, preferably accepted by most exchanges, is a must.
For all the other cases, yes, the "good old" fiat would be better. For start it may deflate the market a little until only real money is in, but on long term it should be more fair.

And funds are SAFU!Smiley!

Of course, I mean what could possibly go wrong, other than the US freezing all Paxos funds with a click and deleting the backing of $16 billion of "stable" coins in an instant?

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.

I don't think USDC will get targeted by SEC because it was Circle who is file a report about the BUSD's reserved funds [1] so Circle have prepared anything in order to not got a same result like BUSD.

Whether they've done their homework or not it doesn't matter. They still may get checked. And I've read that people started moving their funds from USDC to USDT (which imho is just as bad, or actually even worse).
1031  Other / Archival / Re: Bitcoin vs. Inflation on: February 16, 2023, 08:03:41 PM
Can it be maybe also the fact that the inflation slowing down can be a sign that the recession was - at least for now - avoided and everybody starts putting to work the liquidity they may have been keeping at hand for the dark days?
Plus, the trend is pretty clear now, which can increase the appetite of the investors.
1032  Bitcoin / Development & Technical Discussion / Re: How do blockchain conformation work? on: February 16, 2023, 06:20:13 PM
your tx goes as confirmed in one place (say blockchain.com) and as "not found" in another Say on binance . In case of troubles you're asking about it'll be exactly like that. finally it'll be decided by bitcoin/bitcoin repo holders when they'll hardcode next control point . check bsv story on latter

You seem to have no idea what you're talking about. Binance is a centralized exchange. Whatever happens in their internal data (mostly trades) doesn't reflect on the blockchain. Only the actual deposits and withdrawals do. Plus, binance has no block explorer. Plus, Binance may convince those who don't understand bitcoin to withdraw wrapped bitcoin (ie on a different blockchain); this last one may make transactions "made by binance" not be visible, but not the other way around.
If Binance cannot find a deposit made on the actual bitcoin blockchain, then they have an error.

BSV is a shitshow, not a story. BSV was greatly centralized. This allowed CSW push code that offers him control.
BTC is still decentralized and I expect the vast majority of BTC users would not accept such a change (at the very least they would not update to that version).
1033  Economy / Speculation / Re: What will happen if the price of Bitcoin drops at all? on: February 16, 2023, 05:48:31 PM
Please don't let my question cause so much hate on me but rather let's also be realistic at times.

The hate may come not because of the question per se, instead for the fact you didn't search. I am sure this was asked plenty of times already....

Though I haven't invested a reasonable sum in Bitcoin, I've at some point after watching how the market and price of Bitcoin fell from over $69k to less than $14k something similar to what altcoins do

There's a difference: bitcoin has a history of recoveries from low prices to new ATH; most altcoins never recover from the low price.

1. Will Bitcoin ever fall to zero someday?

Possibly; sooner or later everything turns to dust. But most probably Bitcoin won't go to zero in the next 20-80 years.

2. What happens if it ever falls to zero?

Most probably nothing special. Bitcoin becomes worthless either because there won't be humans left (or internet), either because humans have invented something better and lost interest in bitcoin. Probably at that point there will already be no mining. However, all the relevant things would have happened before bitcoin going to 0.

3. Will Bitcoin go back to previous levels?

Previous levels as 60k, or previous levels as 1k? About 1k the chances are slim (but see point 1); for new ATH the chances are very good (although it may not happen this year). But please don't make purchases based on my expectations, I can easily be wrong.

1034  Bitcoin / Bitcoin Discussion / Re: What would happen in a deflationary hoarding scenario? on: February 16, 2023, 02:29:02 PM
Since Bitcoin is by definition, deflationary, because it has a limited supply

I think that deflationary means that the supply is meant to decrease and in case of bitcoin, especially in the last 5 years, I expect that the amount of bitcoins lost is tiny.

Now what would happen if people did start suddenly hoarding? I mean HODL is just a huge meme at this point but what if EVERYONE actually did that? What would things look like then?

Well, at least the miners cannot just keep HODLing, they are businesses that have to pay their bills and they can do that only by selling some of the coins they obtain.
(Plus, I think that there's pretty much always a price target for the HODLers, and after that target is met, they'll also sell some.)
1035  Economy / Exchanges / Re: Binance to Airdrop $100 to Turkey Earthquake region affected users on: February 16, 2023, 02:09:56 PM
What is your reaction to this news ?

It's nice they want to help, but no matter how you look at this there will be reasons for criticizing it:
* If it's done based on KYC then it's about getting more users to Binance ecosystem and, well, KYC is not great to just give away to all the platforms asking for it.
* On the other hand, if KYC is not involved then it will greatly be abused.

I don't know why didn't Binance just give funds to some NGOs that are actively helping there...
1036  Economy / Gambling discussion / Re: F1 Formula Sports Racing - Sportsbet.io promotions & discussion thread on: February 15, 2023, 08:29:51 PM
I've just read that the new season of "Drive to survive" will be going live from February 24.
I don't know if the launch date was announced earlier, if so I've gracefully missed it.
1037  Bitcoin / Legal / Re: SEC vs Binance on: February 15, 2023, 07:56:31 PM
WHO is Next??

USDC and the rest; maybe Tether too.
There was a tweet at some point - as an idea backing - that maybe they'll start doing stable coins that are not pegged to Dollar; although if they do peg it to at least one fiat they'll still be in trouble, see Facebook, and even if they will be pegging it to Gold or whatever, it may not be as nice an simple as you'd think (if they want to properly back a stable coin with actual gold then its storage needs to be paid).
1038  Bitcoin / Bitcoin Discussion / Re: Withdrawing Bitcoin off the radar on: February 15, 2023, 07:46:01 PM
I realized something else: why would anyone buy €50k in Bitcoin with cash? Exchanges are less risky, and leave a paper trail to explain your spending to taxes. Unless said person doesn't want a paper trail, for instance because it's criminal money. By that logic, it's more likely you'll be dealing with criminals than with honest people, which significantly increases the risk of a cash transaction.

Not necessarily. We have a history here of money exchangers that work only with paper money, even in 2023. Getting paper in money can be more reassuring than getting it in bank (with possible questions asked) and the exchanger knows this.
Actually the fact one gets paper money in hand can make this kind of exchange somewhat safer than on a DEX because the bank may ask about the money from various (maybe very odd) sources your money comes from and you may have no good answers.

Of course, this doesn't mean your use case is impossible. Just it's not the only use case.
1039  Local / Română (Romanian) / Re: Concursuri/tombole pe bitcointalk (sau pe aprope) on: February 15, 2023, 07:40:45 PM
Se pot castiga urmatoarele: un exemplar al revistei The Little Hodler Comic si unul al revistei Einundzwanzig.

Multumim de anunt!
Nu ma pasioneaza prea mult revistele in general, nu sunt convins ca as putea sa le pastrez ca lumea, asadar o sa zic pass de data asta.
Multa bafta celor care participa!
1040  Economy / Economics / Re: Cash must be king, Giorgia Meloni tells shoppers on: February 15, 2023, 07:36:03 PM
I think that the total price also matters. Iirc here if one wants to pay for a flat (50-80k EUR), paying 10k EUR in cash is just fine, but if one wants to pay cash 10k EUR of the price of a car (10-20k) it's not allowed.

I don't know how things are there but I assume the 10k is the advance payment for that apartment while the car is a full payment?
If it's like this, of course, it would be allowed since in the first case it's a standalone transaction, the other is splitting the payment and no company will ever want to deal with the accounting headaches, just as you said I would do the same refuse the payment and send you with your cash to your bank, deposit all that there and make a single wire payment!

It doesn't matter, the point was that 10k is 20% or less of the total in the first case, while in the second case it may be even the full price. And then in the second case, indeed, they send you to the bank  Cheesy

And your point is also interesting: the northern countries have no issues in correctly declaring everything for tax purposes. Moving towards south.. this is changing  Wink

Yeah, but it doesn't make complete sense either, because if you're in a country with more fraud and crime and tax evasion you would want to pay through a legal channel, so in case you have problems with what you have bought you have proof you've paid the guy that amount. So, from a consumer point of view, it would make more sense for southern customers to be using bank payments for their own safety.

Yep, that's what I also said: this can cause the (Italian) state lose big bucks due to underreporting for taxes, hence it cannot work on long term, hence it's just political.
I'm so sick and tired of politicians (here too) promising nice things that they cannot fulfill on the long run...
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