United Arab Emirates leads the Middle East in crypto adoption, with 72% of local users investing in Bitcoin
One word and everything goes off the charts in misleading claims: The leading country is the United Arab Emirates (UAE), where 72% of crypto users are actively investing in Bitcoin. So 72% of crypto users in a the country are investing in Bitcoin. This is special or extraordinary because? The report projects that the region's daily active users will continue to rise, reaching an estimated 700,000 by the end of 2024. Middle East has around 400 million people, so by the end of the year we're going to have 0.2% of the population as daily active users. |
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You have people keeping their coins on centralized platforms, you have a few companies dominating mining, you have users unable to spend because of jpg monkeys and you're talking about bringing down central banks. Much hopium?
The dream was always to eliminate the middleman from the system (banks included). Why do you think Satoshi created Bitcoin in the first place? Unfortunately, people haven't moved away from centralizing powers out of convenience. It's much easier to entrust someone else with your funds (banks, exchanges, etc) than doing it yourself (self-custody). This is why the odds of central banks collapsing are very slim. You have to understand there are commercial banks and central banks. A huge difference between them, and a huge difference on their actions, people don't deposit their money in central banks, and central banks don't take deposits from the population either. Even if the economy is in a very bad shape. They can manipulate it by either printing more money (inflation) or raising interest rates to protect the value of Fiat currencies.
So wait, you're telling me that they protect the value of the fiat you were blaming for everything because of its losing value? Seriously, how the f-word does this even work? Besides, you've completely ignored a thing, central banks have been around during medieval and modern times, before fiat, dealing with gold, how would you get rid of something that was doing fine in an environment with no fiat money?  As long as governments exist, don't expect central banking to go away anytime soon. I'm yet to see if Javier Milei's promises to abolish Argentina's central bank will materialize.
Again, you're ignoring tens of replies here. Milei is willing to disband the CB because it wasn't to get rd of their currency and replace it with the USD. So they will still have a central bank, the united states FED, their money will be printed by the FED, the interest rates will be what the FED decides, and everything will be tied to the decisions in the USA. All the other countries in the world could do this, but we will still have a central bank. |
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I'm not familiar with this groups or any hacking groups, but I will speculate that they:
1. hate the government of El Salvador, specially their President for being a crypto friendly
2. this groups are being back up by some people who wanted to bring down the government This is my suspicion. It is an indirect attack on the president. To bring in fear and doubt in the hearts of El Salvadorians to potentially their undermine trust in the bitcoin and cryptocurrency as a whole. And here comes the overflow of unsold tinfoil hats. An attack happened for sure is the government, they must do this to hit cryptocurrency, because....lol! Don't you people understand that if a government would want to do something that would really hurt crypto they would simply ban it? Look how everyone is saying the US is against crypto yet we're riding 60k because of ETF approvals! Seriously drop the damn tinfoil hat, it's not even funny anymore! At this point, those look some 5g vaccine that would control your brain theory! Also, it's the source code of a wallet! What are we saying on this forum 24/7? Don't trust closed-source wallets? It really indicates that a group of people is interested in them or is from them. Means he must be from the system (government) or maybe he is the enemy of the El-Salvador Govenrment.
Summer is coming, drop the tinfoil or you're going to cook your brain! |
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Seems that like always, money is king! After managing to stay a bit over 1ex, ocean is down to 600ph. https://ocean.xyz/dashboardNot surprisingly, when the reward is 3btc and the fees often climb above that why mine here? You can't feed a family on principles and you can't pay your electricity bills with things you think are right. It was a dad project from the start, you won't get people who don't want to spend 10$ on tax or buy a 4TB drive for larger blocks to spend $5000 on one machine and lose money every day on bills to keep fees low. |
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It looks like Runes and inscriptions are being supported by miners in order to push the fees up. It is no accident Runes were launched on the day of the halving.
You said it yourself, the support is too large from parties, like miners, who profit off of huge fees. As long as the incentive is there, nobody wants to do anything against it. Which is backwards, short-term thinking and will set Bitcoin back and ruin its image. What else are we to do but improve already working solutions? (even if they are merely half-baked) Pretty simple, buy your own ASICs, join a censorship pool, mine blocked that don't contain ordinals or runes. But yeah, this involves doing something that might make you lose money, be highly uncomfortable if you live in a flat, need maintenance, and need some upfront cash, so no wonder everyone is screaming for others to do it. I love the bitching about miners, nobody showed mercy when we were barely paying the bills, and nobody was thinking of the ones that would need to shut down at the halving, it was all business, well...now you have a business  You want to do something, go here: https://shop.bitmain.com/product/detail?pid=00020240402210032893O1Et7keX0682grab one of those and mine to ocean.xyz that's luke's pool.. |
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Still, the image of a hidden tech lair powered by a mini nuclear reactor is pretty darn cool. I wonder if these mini reactors will ever be like, shrunk down and idiot-proof enough for everyday folks to buy one and power their, you know, dream mansion/bitcoin mine (or maybe a post-apocalyptic shelter)?  Cool might be but when it comes to the business side is quite impracticable. You're going to have your own grid basically, you have a slower than average baseload response, you need skilled maintenance, you need a specialized workforce, and for ...what really there than being cool? If you have the money you're better off buying land and having solar panels and then dealing with the storage large scale, battery, or hydrogen, it would be easier to hide than in plain sight. so where can i buy a small one just 1mw
Teoterticaly there is only one truly active microreactor in existence, that if we believe what China says, so no luck with this. |
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If what I said is true about the free accelerator, telling people not to trust it is right if the accelerator is only using the free accelerator to promote the paid accelerator while not giving free acceleration. I guess you only read the topic title and not read the OP post but decided to just jump into replying.
I'm going to be with examplens here, there is nothing of "trust" involved here, the fact that a thing they offer might get buggy or they might restrict access to it doesn't mean they can't be trusted, it's no financial gain for them, they don't make you watch add for it, it's a service you're free to choose to use or not. Besides, the whole thing about the refresh was known for months: And you need to paste the tx after the 00:00 and hit the button, it doesn't count like before the moment you solved the captcha, so you can't have it all ready by the exact 00 and just then press the button. You need to both paste the tx and solve the captcha after that, if you're not on a desktop and fast internet you have no real chances, just the loading time on my mobile (on 5G) is a turn-off.
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Nope. From now on, they will instead sell their BTC for a higher value.
It doesn't work that way! Do oil mining companies sell oil only at higher prices when the price goes down or do they shut down when they are not profitable anymore? Miners can't dictate demand for Bitcoin, if there is not any and mining is a loss they will shut down! Looking at the information I saw posted right now: AVERAGE TIME BETWEEN BLOCKS
10 minutes 55 seconds The values keep changing, though. Some weeks back, even before the halving, the average would be above 10 minutes. However, I wonder where you got those values from; mempool.space says ~9.9 minutes bitaps.com say 9 min 39 seconds I assume that was daily block time, it varies a lot, still, it's actually going up. The difficulty adjustment was at +1.9% on the 17th, it's 1.3% right now, but the big change will be probably at the end of the month. |
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🇸🇻's largest mining farm is powered by volcano energy; it provides ¼ 🇸🇻's hashpower. No it doesn't;t, and the reason it doesn't is because it doesn't exist! Even on their plans, the farm is only in the approval stage! Second, it's not "volcano" energy, its geothermal energy and bitcoin miners in Iceland were a thing before Bukele knew what Bitcoin was. Who knows, maybe some tech billionaire out there is really building a hidden underground facility powered by nuclear microreactor for a massive cryptocurrency mining operation.
Microreactors are below 20MW, which would mean at most 5000 Asics, given the actual hashrate there would be at least 6 million S19 running, so massive is not the word. |
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@Oshosondy. If stablecoins are not included, I reckon this clearly creates a stronger argument that the Korean Won will be the biggest supporter and pumper of the cryptospace market in Asia. My argument is not who is no.1, it is if the Korean won will be the biggest pumper in Asia or not and this certainly implies that the next Asian pump will be K Pump heheheheh.
There are a ton of things in that bag of salt you need to take the news with - first, it's about USD not really being traded on most exchanges since it's obviously easier to deal with USDT - Korea is a locked country, taking money or coins out of there is way more difficult than anywhere - all those exchanges are playing with zero fees, so the volume is not comparable as it allows you to close positions on 1% gains - those exchanges don't offer crypto<>usdt pair or anything else, only krw, the only expectation is krw<>usdt - despite that, ironically the biggest volume on bithumb is indeed usdt<>krw |
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So, if everyone is applying, why not  (picturing icopress facepalm in the background)Username: stompix BTC Segwit Adress: bc1q5wlj8t8pjp6qsmdphstfee5d3lvg9f25yw7mmj |
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Let me ask you a question (or a question to anyone here): what's the reason for the price increase after a halving? Why do people think another ATH, a bull run, or just a boost in price is guaranteed after a halving? I really want to know, because there's nothing I can see that would basically give everyone free money just for investing in bitcoin before one. That sounds insane to me.
Hashrate and difficulty increase > making miners harder to mine Bitcoin > the price to mine Bitcoin rise > Bitcoin price increase. Nope! Hashrate and difficulty increase > making miners harder to mine Bitcoin > miners with too costly operation shut down > difficulty decreases till equilibrium point. That's why old-time miners like Phil consider shutting down after this. The price dictates the hashrate! If hashrate would dictate the price then all we would have to do is each of us buying 1 ASIC, raise the hashrate to 10 times what it is now so the price would also 10x. Of course, it doesn't work like that! Don't buy bitcoin because you assume that bitcoin price will skyrocket after bitcoin halving, that is a wrong mentality that could lead to depressing results if that failed to happen.
So by saying this, you're assuming that the price will go down from this point on? |
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Volatility is only a problem when the world still uses Fiat as a unit of account. But once goods and/or services gets valued in BTC terms, this should no longer be a problem. 1 BTC = 1 BTC, right? Bitcoin can already scale to millions of users worldwide via the help of sidechains and L2 networks. It's just that most people don't know yet how to use these solutions to save time and money. Developers must improve UX (user experience) if they want to get people on-board off-chain scaling solutions and sidechains.
Yeah, yeah, I've kept hearing that years, how is the scaling going? Do you know how long it will take to switch everyone to LN? Do the math for opening a channel for everyone in the US assuming no ordinals, no consolidation, and no other traffic, and then I will tell you when CB will die. Without central banks in the way, the world's economy would be decentralized.
Lol, what does CB have to do with the centralization of the economy? You're telling me that once CB is gone everyone will be free to trade how they want, that TSMC will not have an almost monopoly on chips, that countries will not restrict or tax imports, that you will have the same taxation everywhere, you will be able to deal with every trading partner in the world and everything will be unregulated and permissionless? Again, lol! You have people keeping their coins on centralized platforms, you have a few companies dominating mining, you have users unable to spend because of jpg monkeys and you're talking about bringing down central banks. Much hopium? |
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These pools are not centralized because they store their block rewards in a custodial service, i know it sounds 'weird' that all 9 of them chose the same custodial service, Cobo, but it is not for this reason that they can be called centralized.
Pools are by definition centralized, it's a domain name, a person or a group running it, they make the decision, they make the calls. What we have here is by no means decentralization, we have 9 businesses having the same custodian, mining directly to their partner, and if this deal was possible one might have to ask what else is going behind the scenes. These big mining pools are the only ones that becomes centralized they have 47% of the total hash rate meaning it's still not centralized there are 53% of the total hashrate is still on decentralized pools and other miners can still mine on other pools if they don't want to mine on a centralized mining pool. ViaBTC and foundrydigital are not included on the list so they don't have full control of all pools yet you can also mine on your own and deploy your own pool if you have a mining farm.
You know too well that foundry is a closed pool, you can't just mine there without them approving you as a parent and with minimum hashrate requirements. So the alternative to those is actually a bit worse .. |
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The ways of earning and living for young people have changed drastically since we moved from the agriculture(field) era to the technological( Internet money) era.
~
The concern is very alarming this is because if limited young ones are willing to work in these traditional structures (Oil, Agriculture, manufacturing, etc.)
Some still have this view of agriculture as some hard manual labour stuff when in reality in every advanced country is getting more and more technical by the day. The trend of having fewer people employed is because of technologies, you don't need to have people with horses in the field when you can have autonomous tractors plowing, you don't need to milk course by hand, you have drones to see your crops, you have an enormous amount of tools that can be controlled by a single individual that is doing the work of what 100 did at the start of last century.   Just as there was no disaster when young ones were not forced to go hunting to earn a meal, not working for a steelworks or a farm won't be an issue now. |
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But what I don't understand is someone sending a dust transaction and used 507,109usd to pay for transaction fee so that his $0.70 amount will be included in the bitcoin halving block
They haven't paid to to transfer 70 cents, they've paid to create this: https://ordiscan.com/inscription/70279589it's a rune https://ordiscan.com/rune/DECENTRALIZEDAnd they paid that much to make sure that it gets minted on block 840 000, that's for bragging rights! |
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Hello everyone from Ottawa. We encountered unexpected problems with a partner from Belarus. Tell me, is it possible to solve them at a distance?
The chances of someone from Ottawa are quite low, then for someone from there to have a crystal globe and guess what problems you have with your partner from Belarus are null. Problems can mean legal, that he is avoiding paying you, that he is not delivering a thing, that ...hundreds. So, the obvious answer is "maybe". If you have written agreement with the partner why not, you can take the partner to any level you know you can get justice to solve the challenges, but if there is no written agreement between you and the partner, there is no way the matter will be solve easily. The home country base of the partner can handle such case,
Yeah right, it's Belarus we're talking about, if that guy bribes a few officials your justice will wait a few centuries till it gets applied, established companies from the EU have a shitton of problems dealing there, but some random guy from Canada. |
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Every client generates a batch of addresses once you create a new wallet, I don't remember exactly the limits but numbers varied from 100 upwards
Have you actually used that wallet for multiple transactions while you were actively using it?
That would explain the generation of new addresses.
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