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1141  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!
1142  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!
1143  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).
1144  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.
1145  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...
1146  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.
1147  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.)
1148  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.
1149  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.
1150  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.
1151  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.
1152  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.
1153  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).
1154  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.
1155  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
1156  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.
1157  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).
1158  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.
1159  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).
1160  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.

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