Good match between Jordan Thompson and Tsitsipas. The first set won by Thompson on a tie breaker 77 60. Tsitsipas have won the second set 6-4 and the same have made the third set more interesting. This is going to be a win for Tsitsipas, but Jordan Thompson have given a tough fight.
Bautista Agut have got defeated on the direct set against Ruusuvuori 66-77 2-6.
The match between Jordan Thompson and Tsitsipas was really close. The match was not one sided at all. And actually, Jordan Thompson was the one who won the match. Incredible mind game between both of them. But in the end, Jordan Thompson is the one prevailing. Tsitsipas made very few mistakes that cost him the match in the end. Agut did not play well in the match. I believe he could have done better. In the first set, he actually did show a little resistance. But in the second set, it was all Ruusuvuori. Thats an upset for Tsitsipas to bow out so early in the competition. Medvedev came through his match with Nakashima in 2 sets, Sinner is looking ok and has taken the first set against Gasquet. Felix AA is currently playing Martinez, Rublev won earlier against Lehecka, these IMO are most likely to trouble Medvedev who himself has to be the favourite. In the WTA im not betting but I'm keeping an eye on Raducanu who is playing now against Linette. Also keeping an eye on both Swiatek and Krejčíková given the recent win by her over Swiatek in Dubai. They are on the opposits sides of the deaw here - interesting Relatively easy wins for both Raducanu and Swiatek and both advance further. As to Rybakina, my bet was a winner but it was a surprisingly tough encounter for Elena against Kenin 7:6, 7:6. Let's see how a Noskova v Gauff match will play out, I agree that it won't be an easy ride for the Czech. Kvitova v Ostapenko is another promising match, a duel of two big hitters. Jelena is in great shape (figuratively speaking haha) whereas Petra has lots of experience and is known to be a very mood-driven player (a nightmare for us betting geeks). Can't wait to watch this match! |
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WTA tour results overview: Player to watch out for - Czech girl Linda Noskova. Today whe won the American Amanda Anisimova in straight sets 7:6, 6:3. I watched the match and both girls looked kind of tired? (perhaps because of the late match). Noskova showed more consistency and managed to overcome her more experienced seeded opponent. All other matches - favorites like Sakkari, Gauff, Pegula, Pliskova managed to defeat their opponents and advance to the next round. Tomorrow R2 and I'd like to point out two great matches: Gauff vs Noskova and Rybakina vs Kenin. My bets will be on Noskova and Rybakina as they are arguably in better form now. Kenin hasn't showed any great performance this year (and last one too to be honest) so Rybakina will be a strong favorite. The other match is not so obvious, Gauff can show her best tennis in front of the home crowd, but my bet will still be on the Czech.  |
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Who's "we"?
Illusionary majority.People who think that just because they are in the same football team fan club they also share the same views and are shocked when someone is liking pizza and others are thinking is trash food, some are leftist and others right wings and some hate MMORPG games while some are in hentai stuff. This is the same with Bitcoin, some assume that just because we're all here we have the same views on everything when it's clearly not the case, and when it comes to transactions fees versus value a lot will be shocked to see that the majority of this forum would love to see BTC going to 100k rather than having 1sat/b fees. Bitcoin is a bunch of data, is a tool, and it's free to use as you see fit, no matter how stupid that is. Muahahahaha... so you're trying to say that in fact the majority of Bitcoin users support ordinals? That's like the funniest stuff I've heard this year.  I don't think there's much sense in this discussion when your opposition is coming up with bozo claims like this... |
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 I'll just leave this here. This "industrial inflation" index shows how much more expensive it was for producers to manufacture products in the EU. Consumer inflation has also already reached double digits in many EU countries. Guess what was the cause for this? |
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Anyway, my question to you, and I hope you answer reasonably, aside from the fact that you think this is "useless data" stored on the blockchain, what other reasons do you have to support the exclusion for Ordinals? let's just assume everyone who agreed with you gathered together and you are going to start lobbying to ban Ordinals, you are going to have to convince mining pools, exchanges, the devs, nodes operators, and a few others, what proposal do you have for them and how are you going to convince those people to ban Ordinals?
There's no need: Ordinals will save us the effort and self-destruct. We (royal we) can just hope it will happen sooner rather than later. We'll just run out of fools who are buying NFTs. If that's the case then almost everyone is abusing the system by treating bitcoin as a store of value and not a means of payment, also, I didn't see the same folks complaining about Ordinals now complaint about LN, where does LN fit into the root principles of Bitcoin? why do we need a second layer, why not have every payment on the blockchain? turning BTC from P2P e-cash to a mere "final settlement layer" is also an abuse using your logic.
I obviously love the idea of LN, and despite why it doesn't fit perfectly in the original purpose of BTC, it actually does provide a great utility, it uses the blockchain to achieve something of value, Ordinals might be capable of doing the same, or it could be just a short-lived hype that would die sooner than most people think, I won't be bothered to see it fade on its own after proving it has no real value, but not by banning it before seeing what it can/can't do.
Probably because LN doesn't interfere with Bitcoin. LN transactions don't flood the mempool? Is it too difficult to understand?  |
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Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?
Saving is always a good idea as life is unpredictable: you can lose your job or your business (even if you're really well-off). As to your friend's situation, I'm not sure if he's got any savings or not, and if yes, how big? Starting his own business is one opportunity, but he'd need some money for initial investment. I realize that not everyone is meant to be an entrepreneur, so he can just apply for similar jobs near him and meanwhile do some of those side hustles so popular now (Uber driver, food delivery etc). |
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We haven't established that bitcoin has shifted away from its principles. The number of people using bitcoin for payment has always been increasing regardless of how many "investors" exist who don't. That means bitcoin has never shifted away from those principles to begin with.
Maybe you haven't, but many others had, and no, people using bitcoin for payment have not been increasing, it's actually the opposite, there were more transactions in 2016 and 2017 than were in the last 3 years, take a look at the transaction count, if I was to be very generous and not call this a downtrend, it's flat at best. Lightning Network? Do you know what is actually in an uptrend? it's the number of BTC going out of circulation buried in the "hodlers" wallets for god knows how long, if you were to check the average block size for the past 3 years, it would be closer to 50% than to a 100%, there are days where blocks barely had any transactions, the world-wide percentage of people using bitcoin to transact rounded to the nearest whole number is exactly zero, and it will only get worse over time, the more valuable BTC become the less people will transact it.
Store of value... you have any problem with that? I don't see this as a problem... Besides it still doesn't justify spamming the blockchain with useless data and use it as personal cloud storage. Someone could make the same argument about someone else making a transaction for a cup of coffee, a few sats worth a transaction that is going to sit on thousands of hard drives forever, it's pretty difficult you define what is useless and what's not. No, why? It's not difficult at all - using the oldest and most mature blockchain to store kitty pics is retarded. It's a fact. We can't because these are not "tokens", they are not even smart contracts, they do not transfer anything to anyone They do add value to the users who want to own those sats that point to something of value to them, furthermore, they add value for miners to extract as fees. I love dancing and I want to dance right in front of a ticket gate on a subway during rush hour. I don't care people who want to pass can't do it and they start to queue behind me but I don't care cause this is art and my way to self-express and it's cool. I can even film it and stream it to tiktok or IG and earn some money! , in another possible scenario when the spammers will have had filled each block with "cryptokitties" and increased the fees the rest of the bitcoiners would abandon bitcoin and dump their coins which would crash the price. In which case the miners would be the first to see the consequences. The token hype dies like it died in 2018 and bitcoin wouldn't even be used for that anymore. This sounds a lot more like a reasonable argument against Ordinals, a much better one than "hey they are spamming the blockchain". the counter-argument to this however has been discussed, these NFTs have a huge market, probably worth a dozen times more than the average joe paying 1 sat per byte to transfer his 0.01 BTC, the value extracted by those interested in these things could very well pass the value of the users who shares your view, of course, it could also be the other way around, we don't know what we don't know, but I would not mind sucking all the value from all those altcoins into BTC, if that's what the people want -- why not? "hey they are spamming the blockchain" looks reasonable enough to me. The question is: how many people want it? What % of all Bitcoin users? |
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This is true, if we take into account the economic aspects, then China is completely benefiting from the Ukrainian war, despite the stagnation in which the global economy has entered since the beginning of the Ukrainian crisis. But this may not be accurate, as we took into account that China needs a strong ally in the face of the threat of military confrontation with the West. We have seen how the United States rushed to fabricate crises in Taiwan with the aim of disrupting it from providing support to Russia.
It can be said that Russia would not stand in its war without supporting China, and China will not be able to withstand (militarily or in proxy wars) without a strong Russia ally.
China is in a difficult situation. Politically, they want to support Russia. Because they know that once Russia is destroyed by the NATO, then it is their turn next. However, economically China needs to maintain the strong trade relationship with EU and the US. If that is disrupted, then the Western bloc will use the opportunity to move the manufacturing hubs from China, to other countries such as India and Philippines. So China is now being forced to chose between long-term benefit and short-term benefit. I love these "Kremlin fairy tales"  )) At first, we were told for 80 years that the West wants to take over the USSR, now China Can you LOGICALLY, without focusing on fakes and painful fantasies, bring your point of view and prove that the USA / NATO want to destroy China? Or maybe you really think that China wants to destroy the United States and, for example, the dollar? I will disappoint you - it is China who wants to weaken Russia, its raw materials appendage, to the utmost, but not let it be destroyed. Because Russia is an appendage for him and a country that will fulfill any whims of China And India also "uses" Russia to the fullest using its helplessness - it will buy oil for rupees (then Russia does not know where to put the rupees), then it forces the "friend" to sell oil for pennies. But for the United States, China and even North Korea are NEEDED! Without them, there will be no trillion-dollar budgets for the military-industrial complex, there will be no money for other programs. There will be no supplier of cheap products to support the wallets of ordinary citizens ... And China is vital for the US and the dollar - China's export-oriented economy is based on large Western markets, and primarily the US. And China vitally needs TECHNOLOGIES, which no one will give them except for the West and for dollars! You just don’t quite understand how the modern world really works, but you form some fabulous stories in your mind based on propaganda You mention propaganda in every post but ironically, your own posts look like propaganda more. Perhaps you can't see it but it's obvious for the reader. You see, there's NATO and as a military alliance always has to have an enemy or a potential enemy they're grouping against. Otherwise there's no point to form an alliance! In NATO case the enemies are Russia and China. NATO has already promised they're not going to expand further east but didn't keep their promise: they accepted the Baltic States, Turkey or whoever else... then Putin found out that NATO is going to accept Ukraine and got mad probably as he considered Ukraine one of his satellite puppet states. Which is pretty normal reaction if you ask me: remember the Cuban crisis in the 50ies? The US got mad and were close to pressing the red button just after finding out the USSR plans to place some nukes in Cuba. Now imagine Putin investing huge amounts of money to influence the politicians in Mexico, financing a coup, visiting Mexico and giving some cookies to locals then installing a pro-Russian president and parliament. Founding several military bases in Mexico, providing Mexico with Russian armament and military equipment and training Mexican army. So what would the US do in response to that? What do you think? It's not hard to guess, is it? |
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That is yet to be seen. Alcaraz is having injury problems and this tournament is coming a bit too fast for him. I am sure he would have preferred a couple more days to properly heal and get back to max training. As it stands I am concerned for Alcaraz in early rounds, he really needs first 2 opponents to be whipping boys to get his game on. Afterwards when he gets confidant that his injury is history he can become that player we all love and maybe even win the tournaments in IW and Miami.
He's probably starting against Kokkinakis, definitely not a pushover but a player he can beat even when not on 100%. After that probably Griekspoor, that will be a decent test on hard surface. Considering the number of tournaments he's had to miss, it's really impressive that Đoković is still sitting on no.1 spot in the overall rankings. Don't forget that Alcaraz's (as any Spaniards?) preferred surface is clay and both Kokkinakis and Griekspoor are hard court guys. That might add extra stress for him in the early rounds as well as the injury. |
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Are you proposing that the community should call on the miners to censor those transactions? That would be against the philosophy Bitcoin was built on.
You are mixing up 'misusing the Bitcoin blockchain because it is technically possible' and 'censorship of monetary transactions'. We want Bitcoin to be censorship-free in the sense that anyone can send any amount of BTC to anyone on the world at any time. Filling the mempool and the blockchain with JPEGs though, inhibits this goal and should be regarded as an attack. Attacking Bitcoin is pretty surely not in line with 'the philosophy Bitcoin was built on'. "Misusing", but those who use Ordinals could argue that it's a feature made possible through Taproot. I believe you're mixing up opinion, both sides, from what actually is the network, which currently and obviously, Ordinals has opened a debate. Bitcoin is a network, an immutable, decentralized ledger, which is permissionless. I don't like dick pics and fart sounds in the blockchain, but the point is how can we stop censorship-resistance and permissionlessness? If you believe we could, then that will start a very dangerous premise for state attackers to take advantage.
It seems odd to me that the only real argument repeated over and over again here is that 'Bitcoin could be used as censorship-resistant forever storage of data', meanwhile NFT people don't really care about any of that and are just out to sell JPEGs for profit?
You are basically defending 'JPEGs' with 'cloud backup storage'.
It's not "could be used", it's actually being used. Tromp made a good post, https://bitcointalk.org/index.php?topic=5437464.msg61860021#msg61860021Are you proposing that the community should call on the miners to censor those transactions? That would be against the philosophy Bitcoin was built on.
No, we should call on nodes to reject spam transactions that are abusing the system and never relay such transactions. This is in accordance with the principles of bitcoin, the peer-to-peer electronic cash system and is against the principles of bitcoin, the permit anything file storage system. That would be hard as tromp already posted, miners would be blocked from a good source of profit, and it starts a bad precedent. Should we tell nodes to reject transactions from North Korea, Iran, Russia, and China as well? No, you're mixing apples and oranges. Bitcoin shouldn't have censorship but at the same time it has to defend itself from terrorist attacks (like ordinals crap). Easier said than done, I realize that. Mixing apples and oranges? Ser, I believe you didn't get the point. I don't like dick pics and fart sounds in the Bitcoin blockchain, but calling Ordinals a "terrorist attack", or "crap", that has to be "defended against" is merely a personal opinion. Because Bitcoin is permissionless, AND because a "hack" was found to use Bitcoin in another way than it was supposed to be used, it's technically supposed to be "OK" for Ordinals to exist. Its existence will not depend on my or your opinion. At this point, questions arise: why are you defending this openly spam venture? what are your reasons? what was the purpose of starting this thread? paid shill? or perhaps Mr Rodarmor himself? |
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Amid the several downturns in the crypto market, including the Silvergate fallout and regulatory crackdown, the U.S.-based cryptocurrency exchange Kraken has unveiled its plans to launch a banking institution. This was revealed by Marco Santori, Kraken’s Chief Legal Officer, in a podcast with The Block. This update comes when the crypto industry is experiencing a downtrend due to negative news from Silvergate and several backlashes from regulators. Kraken To Launch Its Own BankMarco on the Scoop Podcast says a plan to launch the first industry-focused bank is coming. The chief legal officer added: Kraken Bank is very much on track to launch, very soon, We’re going to have those pens with the little ball chains. We’re going to order thousands of them and attach them to the desks of Wall Street banks everywhere. With our logo. The upcoming bank to be launched by Kraken has raised speculation among the community on whether a bank originating from the crypto sector can be trusted even after the crash of the once-known largest crypto exchange FTX. Its collapse has negatively affected the confidence in the nascent sector. The mismanage customer funds from the founder and the CEO, also known as Sam Bankman-Fried (SBF), led to the exchange’s downfall. In addition, the Silvergate exchange network in the crypto industry has been compromised, as this financial institution questioned its capacity to continue operating; Santori said Kraken’s relationship with banks has the exchange talking with diverse “groups of banks around the world.” Adding that an increasing caution on banking around the crypto sector could hinder innovation within the ecosystem. “We’re returning to an era where banks are very cautious about what accounts they open,” said Santori while adding: Wall Street is going to be fine. Kraken and Coinbase are going to be okay. But for the guy or gal who has a new idea about how to provide infrastructure to the crypto economy, it’s going to be a really tough road over the next few years for them. No question. Kraken’s Recent Saga With The SECNotably, this news comes after Kraken’s recent conclusion with the Securities and Exchange Commission (SEC). Earlier this year, the SEC charged the crypto exchange with violating security laws via its staking service. The US regulator charged the Kraken crypto exchange subsidiaries, Payward Ventures Inc and Payward Trading Ltd, over the failure to register the crypto exchange staking-as-a-service program. However, months later, Kraken agreed with the SEC to pay a fine of $30 million in disgorgement, prejudgment interest, and civil penalties to cease the crypto asset staking program. Regarding the staking program, which is now shut down, Santori noted that staking was a small percentage of Kraken’s revenue. “It does, of course, affect pretty dramatically our product mix in the U.S.,” said Santori. The executive claimed that the SEC’s accomplishment in making the exchange shutdown its staking program will only push American customers who want staking services offshore to riskier exchanges. Santori concluded: It’s really indicative of a pretty unfortunate situation here stateside. We’ve got a regulatory environment that is essentially forcing users off to use offshore exchanges that will gladly accept their business with so little as a VPN. Meanwhile, the crypto market hasn’t reacted significantly to Kraken’s announcement of the upcoming crypto bank. The global cryptocurrency market capitalization has continued in a downtrend, down by nearly 1% in the last 24 hours, with a value of $1.073 trillion. https://bitcoinist.com/kraken-crypto-exchange-unveils-plan-to-launch-bank/.... It appears kraken may be willing to fill whatever vacuum of banking services is left in the wake of silvergate's departure from the market. If they're able to follow through with their plans, they should be able to service many of silvergate's prior clients. Without a market disadvantage of having a big hole in their balance sheet from FTX fallout. Many are fond of saying "you can't beat the house, they have all of the advantages". Banks and banking services definitely qualify as "the house". Under normal circumstances they trend towards being very profitable and low risk ventures. Kraken probably stands to make good money, if they are able to fill whatever void is left behind by silvergate's departure. Following is an interesting excerpt: The executive claimed that the SEC’s accomplishment in making the exchange shutdown its staking program will only push American customers who want staking services offshore to riskier exchanges. Santori concluded:
It’s really indicative of a pretty unfortunate situation here stateside. We’ve got a regulatory environment that is essentially forcing users off to use offshore exchanges that will gladly accept their business with so little as a VPN. Meanwhile, the crypto market hasn’t reacted significantly to Kraken’s announcement of the upcoming crypto bank. The global cryptocurrency market capitalization has continued in a downtrend, down by nearly 1% in the last 24 hours, with a value of $1.073 trillion.[/size] If the crypto sector is worth $1.073 trillion. A bank which can potentially profit even 1% of cryptos total market cap could potentially profit $10 billion. Potential profits being large numbers, I'm surprised more financial institutions aren't beating down the door to acqure silvergate's pie slice of the crypto world. Silvergate itself being a multi billion dollar enterprise, there's no guesswork or reinventing the wheel. All someone would have to do is replicate their business and raise standards to avoid the type of catastrophe which occurred at FTX. Perhaps that's not as easy as I think it is? Very positive news, this one. And although it's not 2017 and banks (most of them) are not freezing customers' accounts for crypto-related transactions, it would still be nice to see a bank founded by crypto entrepreneurs and enthusiasts. |
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I was wondering that what could be the value of Bitcoin as Bitcoin Is always rising if we take a look at its peak chart from 2009 to 2023. And if it continues than what will be the price after 10 years and I am very curious to Know about this.  Well, by 2033 99% of all bitcoins will be mined and after the 2032 halving, block reward will be as low as 0,78BTC. Then, another important fact: after every halving event price increase drops x5 (9.9xx%, 2.xxx%, 6xx%) so if the trend continues, we're going to see only about 5% increase after 3 halvings (in 2024, 2028, 2032). Very modest % but can be impressive if the original number is high enough. So 5% up from, say, $1.8M is ok with me. My prediction - between $1M and $2M. |
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We really like to play gambling online , and there are lot of crypto gambling sites out there ,
many times i doubted the provably fair system, that these casinos are cheating me, but what can i do ,
i come across this YouTube video that a biggest gambling site supervisor telling the truth about these sites,
that they analyze our bets and try to make us lose ,
what are your thoughts ,
i know provably system but many times i doubted it, i don't know this person is talking about crypto gambling or not but may be it also applies in crypto gambling.
most of you also may doubted the casino ,
video:https://youtu.be/ABj7peI_R2M
I can't say this is something shocking or eye-opening. I guess many gamblers here know (or suspect) how a casino operates. They have no illusions regarding that. Yes, perhaps such videos can stop someone from starting to gamble, so they're not at all worthless. |
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War is one thing that no society should engage themselves into as its effect is devastating and unforgettable upon generations. When two or more countries are warring it is said that there are other countries that benefits in one way or the other from the war as it prolongs and intensifies, especially economical benefits is one of such.
The ongoing war between Russia and Ukraine which has been on for almost a year now and the effects of the war between these two is not only on the two warring countries alone but has gone so far as affecting the economies of many countries of the world that have no involvement or interference in the said war. countries of Europe are experiencing a fall short in gas supply, while those of Africa and other continent suffer from economic downfall as a result of certain products and services that are no longer in-coming due to the war effect.
With this Russia Ukraine war which the effect is felt in almost all parts of the world directly and indirectly, I want to ask are there beneficiaries to this war and in what ways are they benefiting from it.
The biggest loser will be the EU. No matter what happens next, these guys are screwed. They have already lost. EU has lost it's cheap resources/fossil fuels (but not only that, also fertilizers and other stuff important for farming and agriculture, some rare metals, potassium etc) which will lead to many companies going out of business, lots of money spent on supporting Ukraine, lots of money spent on hosting refugees etc. The biggest winner will be Russia, but only if they will manage to win the war. They will get morale boost, Ukrainian territory, people, remaining industry, sea ports etc etc etc. US and China will be neither winners nor losers. China will go on trading with both Russia and the US, nothing will change for them. The US will sell a sh*tload of weapons and military equipment all around the world and will be just fine too. They will experience a blow to their reputation of a superpower and "world police" status (only a couple of years ago they had to withdraw from Afghanistan). |
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Mostly due to Russo-Ukrainian war I guess. Germany has issues due to increasing energy prices, US has issues because it's spending billions on military support of Ukraine. Turkey's economy was ruined even before the pandemic started. Can't comment on Israel and India I have no idea what's going on there. |
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I just heard today that Djokovic has been refused entry to the U.S because he doesnt
have a COVID-19 vaccination so wont be playing at Indian Wells.
I didnt think this was going to be an issue this year.
The draw for Medvedev is easier and its still on hard court so can he make it 4 in a row?
Yes, Djokovic is out. He will probably have to miss US Open this year as well. On a positive side: Wimbledon to allow Russian & Belarussian players to participate. Was Medvedev good on grass?  As to Rafa, there is absolutely no point for him to play on hard right now before the start of clay season Madrid, Monte-Carlo, Rome and RG! Hard is highly traumatic surface for him plus add some jet-lag, acclimatization etc issues which are likely to weaken his aging body. Much better for him to miss the US tournament series and get ready for clay season. |
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Lets imagine a world where Bitcoin has taken over as the main currency of the world and that almost everyone uses Bitcoin. What would happen if events like the Value Overflow Incident[1] or CVE-2018-17144 [2] happened again when Bitcoin was being used and relied on by most of the world? When both of these events occurred they were corrected shortly after but the Value overflow incident required a rollback of the Blockchain which was fine back in 2010 when only a few people used Bitcoin but what effect would rolling back the Blockchain have when most of the world uses Bitcoin? If you think about how many times visa/master cards are used which crypto.com claims 24,000 a second [3] second then rolling back the Bitcoin Blockchain would roll back maybe millions of transactions which were concluded at the time. Goods or services that were bought with those transactions may have been completed and during a event like this the vendor could lose out on their payment. Would this harm Bitcoin because everyone who used it would lose faith in its integrity or do you think it would not have a big impact? The 2nd example the Bitcoin core devs found a way of printing unlimited Bitcoin but it found it early enough to fix it. 2018 a lot more people were using Bitcoin and if someone did exploit it we could have seen a lot of faith in Bitcoin be lost. How can we prevent this in the future because once we have converted all the world or most of the world we cannot afford for things like this to happen imo and it could destroy further adoption of Bitcoin if a big enough event like the previous two occurs when most of the world uses Bitcoin. 1. https://en.bitcoin.it/wiki/Value_overflow_incident2. https://bitcoincore.org/en/2018/09/20/notice/3, https://crypto.com/university/blockchain-scalabilitytldr: What would happen if the Bitcoin blockchain was rolled back when most of the world depended on it? Well, we can't because all software is prone to bugs and bugs are being found and dealt with regularly. Bitcoin had surprisingly few severe bugs and security incidents so far if compared to most other software (at least which were publicly announced). At least I haven't heard about someone successfully double-spending or stealing coins from a random wallet. Have you? |
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Gold buyers binge on biggest volumes for 55 yearsCentral banks are scooping up gold at the fastest pace since 1967, with analysts pinning China and Russia as big buyers in an indication that some nations are keen to diversify their reserves away from the dollar. Data compiled the World Gold Council, an industry-funded group, has shown demand for the precious metal has outstripped any annual amount in the past 55 years. Last month’s estimates are also far larger than central banks’ official reported figures, sparking speculation in the industry over the identity of the buyers and their motivations. The last time this level of buying was seen marked a historical turning point for the global monetary system. In 1967, European central banks bought massive volumes of gold from the US, leading to a run on the price and the collapse of the London Gold Pool of reserves. That hastened the eventual demise of the Bretton Woods System that tied the value of the US dollar to the precious metal.Last month the WCG estimated the world’s official financial institutions have bought 673 tonnes. And in the third quarter alone central banks bought almost 400 tonnes of gold, the largest three-month binge since quarterly records began in 2000.  “The message these central banks are sending by putting a larger share of their reserves in gold is that they don’t want to be reliant on the US dollar as their main reserve asset,” Menke said. Some in the industry speculate Middle Eastern governments are using fossil fuel export revenues to buy gold, most likely through sovereign wealth funds. The world continues dumping US dollar, I've already talked about India buying gold and many times about Iran accumulating gold over the past couple of years. Now we have evidence of the other Eastern powers buying large amounts of gold. Many other smaller countries that don't fall into the global geopolitics like Qatar, Turkey, Uzbekistan, some African countries, etc. are also accumulating more gold. This is the New World Order that is forming in front of our eyes, the old Dollar standard is slowly but surely going away which is causing high inflation in US as all the unbacked dollars they'd printed all these years are being dumped on USA itself and even higher inflation is seen in any country that is importing US inflation like Europe. Experts suggest that if US wasn't exporting its inflation, the real US inflation would have been somewhere north of 450% and that's where it's headed as the dollar dumping continues. I recently watched an analyst who suggested that this is World War 3 which will be fought (at least for now) economically. The East vs. West as the East dumps US dollar that strains US economy. China suddenly lets loose COVID on the world (this past 2 weeks) that is already showing an increase in EU and US. Oil price ends the year with the 2nd straight annual gain and the general high energy prices among other things is slowly rendering EU useless as an economy and industrial power. Although economy is not the only battlefield (we have energy, food and actual armed conflict between proxies) but it is affecting us the most. It is even affecting bitcoin price as it has successfully prevented its rise to higher ATH last year and even changed its bull trend and crashed the price below the previous (2017) ATH for the first time in bitcoin history. With that said, 2023 outlook is already bad economically speaking. How much of the points I raised do you agree with and how do you see 2023 specially when dollar dumping continues?I fully agree but I'm not sure if it's good or bad in Bitcoin context. So far we have witnessed Bitcoin/USD exchange rate didn't react to USD inflation, in other words $22k this year is not the same as $22k in 2021! Mainstream investors prefer gold as a hedge against inflation, not Bitcoin. So yeah, I agree, but is it good for Bitcoin? Time will tell. |
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Are you proposing that the community should call on the miners to censor those transactions? That would be against the philosophy Bitcoin was built on.
You are mixing up 'misusing the Bitcoin blockchain because it is technically possible' and 'censorship of monetary transactions'. We want Bitcoin to be censorship-free in the sense that anyone can send any amount of BTC to anyone on the world at any time. Filling the mempool and the blockchain with JPEGs though, inhibits this goal and should be regarded as an attack. Attacking Bitcoin is pretty surely not in line with 'the philosophy Bitcoin was built on'. "Misusing", but those who use Ordinals could argue that it's a feature made possible through Taproot. I believe you're mixing up opinion, both sides, from what actually is the network, which currently and obviously, Ordinals has opened a debate. Bitcoin is a network, an immutable, decentralized ledger, which is permissionless. I don't like dick pics and fart sounds in the blockchain, but the point is how can we stop censorship-resistance and permissionlessness? If you believe we could, then that will start a very dangerous premise for state attackers to take advantage.
It seems odd to me that the only real argument repeated over and over again here is that 'Bitcoin could be used as censorship-resistant forever storage of data', meanwhile NFT people don't really care about any of that and are just out to sell JPEGs for profit?
You are basically defending 'JPEGs' with 'cloud backup storage'.
It's not "could be used", it's actually being used. Tromp made a good post, https://bitcointalk.org/index.php?topic=5437464.msg61860021#msg61860021Are you proposing that the community should call on the miners to censor those transactions? That would be against the philosophy Bitcoin was built on.
No, we should call on nodes to reject spam transactions that are abusing the system and never relay such transactions. This is in accordance with the principles of bitcoin, the peer-to-peer electronic cash system and is against the principles of bitcoin, the permit anything file storage system. That would be hard as tromp already posted, miners would be blocked from a good source of profit, and it starts a bad precedent. Should we tell nodes to reject transactions from North Korea, Iran, Russia, and China as well? No, you're mixing apples and oranges. Bitcoin shouldn't have censorship but at the same time it has to defend itself from terrorist attacks (like ordinals crap). Easier said than done, I realize that. |
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Apparently, the request by members for casino review is becoming demanding due to some experience they have had with some casinos coupled with the complaints of account banning, suspension and poor customer care service which is now beginning to eat deep into casinos with claims of account holders defaulting their policies which if properly investigated, the gambler is not guilty of the penalty and actions metted against them. Some cases here onboard this platform have been sorted out with some gamblers being innocent and funds by winning being released to them while some casinos and their representative are no where to be found.
Of lately, there have been some issues with casinos locking their thread preventing further discussion by members while directing members to their website customer care which is barely active in responding to members.
Nevertheless I was thinking if there could be a thread under the Economy board created separately for casinos review ( all casinos registered here) with star ratings whereby members could also take part in the ratings for casinos and their performance which would make them seat up doing things right. This would make all registered casinos and their various representatives onboard this platform to doing their work diligently in responding to customers and being active here. However, if a casino fails to doing or resolving issues between a member and them and consecutively, such casino is being reported here and after much deliberation on the scam accusations board or reputation with no fruitful result, hence there is every possibility of blacklisting such casino by high rank DT1 and DT2 members after they have put efforts to resolving the issues but the casino fails to resolve.
With this, I think casinos would start being up and doing accordingly to avoid being blacklisted here because if they should get blacklisted, that means they are not upto standard for operating here.
With this casino review and ratings board members both old and new would know better casinos to identify with and if any member chooses to identify with a casino after seeing their ratings and review to be very poor, that member would have no option than to face his or her problem by themselves when it dawn on them or if the case is otherwise.
This is an opinion which would welcome more contributions and possibly ways to develop this particular board if considered and deemed fit to hid to.
Thank you
Great idea, there was a guy here running his casino review website with quite decent reviews, perhaps he's willing to cooperate? No doubt, such a thread would become very popular among local regulars. However, there are also risks like fake/paid reviews? How are you planning to filter those? |
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