The term "Bitcoin Jumpstart" in this thread refers to a collection of essential Bitcoin tools and resources for beginners to understand and engage with Bitcoin easily. This thread provides hints and resources for Bitcoin enthusiasts who may find it overwhelming to navigate through various threads to grasp the concept of Bitcoin. With "Bitcoin Jumpstart," beginners can have summarized starter packs to kickstart their journey into Bitcoin. The kits vary based on how the developers and founders implement them. Some are open source, while others are not. However, I will focus on including the most reputable and reliable ones that are trusted by the Bitcoin community and are suited for decentralization. The kits are itemized as follows: Wallet: As a beginner that is using Bitcoin for the first time, you will at some point require a bitcoin wallet in order to receive and transfer bitcoin. There are various types of Bitcoin wallets in hardware and software options, but it is advisable to opt for an open-source wallet. These wallets have their codes publicly available for the Bitcoin community to review, evaluate, and ensure their authenticity for everyone. Additionally, open-source wallets are regularly checked for bugs to ensure that users' keys are safe and secure. some examples of open-source wallets are: The following hardware wallets are open source and their code is available on GitHub and reliable in alphabetical order: Bitbox, BitHD, Bitlox, Cypherock X1, Hito, HyperMate, Jade, Keepkey, OneKey, OneKey Mini, Passport, Prokey, Satochip, Secalot, Trezor Software wallets are simple to use and available for devices and can be installed on both computers and mobile devices. However, they are only suitable for small amounts of Bitcoin intended for daily use or spending. For secure storage of larger amounts, a hardware wallet is highly recommended. For those who prefer open-source mobile wallets, they are denoted in italic format among the available options: Bitcoin core, Electrum, Bluewallet, Wasabi, Samurai, and Sparrow wallet. Bitcoin explorers: Bitcoin explorers serve a purpose in allowing users to monitor the movement of Bitcoin from one wallet address to another, track input and output, and view wallet address balances. However, with the abundance of such explorers available, the ones I have chosen stand out due to their ability to scan the latest types of wallet addresses, such as P2TR, which are supported by these explorers and are listed in alphabetical order for ease of use: Bitaps.com, BitInfoCharts, BitcoinExplorer, BitcoinWho'sWho, Bitquery, Blockchair.com, BTC.com, Chainflyer.bitflyer.jp, Mempool.space, OKLink, TokenView, and Trezor Bitcoin Explorer. Decentralized Bitcoin Exchanges: As a new person to Bitcoin and looking to buy it for the first time, you'll need to use a Bitcoin exchange. While there are many types of Bitcoin exchanges available, the majority of them are centralized, meaning they're controlled by the people who created them, and the cons of using centralized exchanges outweigh the pros in the long run. That's why it's recommended to use a decentralized exchange to buy your Bitcoin and always ensure that you transfer your funds to your hardware wallets. Some popular and easy-to-use decentralized exchanges include: Changely, Bisq, and Hodl Hodl. When there is a need to swap from other tokens to Bitcoin, use centralized exchanges that don't compulsory KYC like Kucoin (allows upto 1BTC/day without KYC), Houbi (allows upto 5BTC/day without KYC), and MXC (allows upto 20BTC/day without KYC). Bitcoin Mixing: Bitcoin is commonly associated with KYCs and taints, which can lead to profiling and linking individuals to their Bitcoin transactions or any criminal activity. To prevent this, mixing is a viable solution. When you receive Bitcoin from an unknown source, it is impossible to determine its origin. However, if you receive it from an exchange when selling tokens for Bitcoin, there may be a connection. Mixing breaks this link, making it one of the best ways to increase your privacy. There are various programs available that break the input-output connection and ensure anonymity, although they come at a cost. However, these charges are reasonable and usually quite affordable. Some renowned mixing services include: /]CryptoMixer, /]Anonymixer, /]Coinomize, Blindmixer, /]UniJoin, Whirlwind.money, /][banned mixer], Sinbad, and many more................Bitcoin Accelerators: These services work but the genuine ones are rare, accelerators fasten transactions that are stuck in the mempool due to exorbitant rises in transaction fees. Without their intervention, it could take days for your transaction to be confirmed. They collect your transaction ID and ensure that it is confirmed promptly. Some of the services that offer this include ViaBTC and BTC.com. In reality, an accelerator is not necessary if you use a wallet with Replace By Fee (RBF) functionality, as it enables you to increase the fee and bump your transaction when it is stuck and refused to confirm. Cointracker and Market Overview: Market overviews and coin trackers are very important as they allow you to monitor all the available coins in the market. These platforms provide you with information on Bitcoin's trading volume, the exchanges where it is traded, it's market capitalization, as well as a comparison with other coins in the market. Additionally, on platforms like Coingecko and Coinmarketcap, you can create your own portfolio and add it to your watchlist. Bitcoin Tax: In some countries, Bitcoin is considered a taxable asset, whether you are buying or selling it, using it to purchase items, receiving it as a gift from a friend, or receiving it as a reward for mining or through an airdrop. It's important to note that avoiding Bitcoin tax can lead to legal consequences in some jurisdictions. To prevent such issues, it's important to pay your taxes on time if you use Bitcoin, the following tools such as Bitcoin.tax, Blox, Cointracking, Cointracker, Cryptotrader, Koinly, TokenTax, and Zenledger, all can help you calculate capital gains, profits and losses, and other important analyses. Bitcoin Books: Knowledge can transform everyone's life they say depending on how you use it, the material above is more in-depth than you could have imagined, it was sourced from other professionals and developers that made it accessible to beginners and those that are passionate about Bitcoin. There is a tonne of books produced by many authors with diverse content, yet they all express the same ideas. The ones that are easy for me to understand and are familiar to me are: Mastering Bitcoin, The Internet of Money, Mastering Bitcoin for Dummies, Digital Cash and many more...............
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I just completed 10 years of Bitcointalk, and in turn 10 years since I entered the world of bitcoin. This topic aims to thank all members of this community, which gave me the possibility to know and learn more about this fantastic technology.
Your journey deserves a medal, I wonder how many days you will have spent online in the Forum, that's sharing almost part of your life here. Imagine watching bitcoin grows and fall multiple times, there are big stories to write about. By the way, your account was registered in 2013 and noticed your profile had just earned 2013 merit. Here is the screenshot below, perhaps by the time you come online, it would have change if you earn merit.  |
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The reason for this post is to know all the were about of the bitcoin in circulation. I read a story of a man threw away is hard drive with almost 7,500 bitcoin on it, then later realised that it worth huge amount of money which he is trying to get back the drive which he found difficult. Now my question is that does it mean all this 7,500 bitcoin are gone completely?
Your question is a technical one and I can see that the above answers are making confusion already but I will chip in my own answer to the best knowledge of how I understood your question. When you lost access to your seed phrase or private key, consider that you have lost all the bitcoin in that wallet, even if the owner of that hard disk later finds it, it is impossible to access the bitcoin inside it, I'm very sure that if the owner of that hard disk has the back up like the private keys or wallet.dat, there wouldn't be the need to search for the hard disk, so to answer your question, the bitcoin in that wallet is gone for life. Can it be possible to know the people the are in position of all the bitcoin in circulation or know the number of units in total circulation?
Bitcoin is Pseudonymous, which means that you can access wallets that have bitcoin but the identity of the person behind the wallet will remain hidden except for Bitcoin that is coming from an exchange that has been kyc, you will never know the real owner of bitcoin in a wallet. You can know the units of bitcoin in circulation from https://www.coingecko.com/en/coins/bitcoin, the total supply, and the maximum supply. |
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Reserve for graphics and stickers.
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When you lost and learn from it, make sure it never happened again, that should be a theme for you to succeed and also a reminder for the pain you have went through, that should be a motivation to look forward for righ path and forget about the loss.
There is no way that you can avoid loss in life but it is advisable to always be cautious, it will help you minize losses so that when they occur, it will be minimal and something you can over come, but when you don't put caution in the beginning, when loss occur, it will be big and to forget it will be hard for you to overcome.
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Let us be realistic to ourselves, is good to extreme to wait for government to make provision of every in a country, sometimes when we graduate from higher colleges we expected government to create employment opportunities but in some points government keep adamant of making employment be visible and available to the mass, on my instinct I said without government employment man can survive, I started a popcorn 🍿 business which I managed alone but right now have workers under me which I'm paying and now planning to establish another business.
Government jobs are known to be highly competitive to obtain, but they offer exceptional compensation and benefits to citizens. After serving the government for a certain period of time, employees are entitled to receive a pension and gratuity upon retirement as a form of compensation for their service. These benefits make government jobs attractive, but they may not offer opportunities for personal wealth creation. On the other hand, being self-employed has its own advantages which I greatly prefer. However, a major concern is that if the government does not take necessary steps to improve the economy, sole proprietorship businesses and entrepreneurship may suffer as well, this can only work in an environment of good governance. |
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Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
In the past, I invested in a fake company that claimed to provide a percentage return on deposits. This was before I learned about Bitcoin and stocks. Initially, I felt embarrassed when the investment did not yield the expected returns. However, this experience taught me a valuable lesson and made me a more knowledgeable and resilient investor. With the introduction of cryptocurrency and this forum, I have gained a deeper understanding of investment. I have also made mistakes by investing in unreliable coins, but I have learned from these experiences as well. I learnt that life is a continuous learning process, and we gain knowledge through trial and error. |
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Twitter's reputation is deteriorating as time goes by. First, Elon Musk used Doge as the Twitter logo on the web, resulting in Doge's value increasing by more than 30%, only to later remove it. Additionally, he made posts about APT, which caused Aptos to surge as well. Currently, Musk is attempting to transform Twitter into a trading platform. I fail to see the logic behind this move. If a trading platform is what he desires, why not create one and connect it to Twitter? Perhaps he is attempting to be a jack of all trades, but I cannot fault him. He earns $8 in monthly subscriptions from Twitter users, and there have been no complaints about his behavior.
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Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance
If you lack an understanding of technical analysis, why venture into trading? As a trader, technical analysis serves as your roadmap to the market, enabling you to cautiously generate profits while minimizing losses. Losses are a normal part of trading, but with the aid of stop loss and risk management, they should be kept to a minimum. You've been around for over two years in the forum and it seems like you still haven't grasped technical analysis. Have you considered buying and holding crypto instead of trying to learn trading? It has been proven that the most straightforward way to profit in crypto is to buy, hold, and sell once you've achieved significant gains or the profit that satisfy you, you should try that isntead. |
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I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
Ignorance is not a laughing matter, and we have all been in your shoes with limited knowledge about Bitcoin. Fortunately, discussions like this can pave the way for progress of everyone here. If you have significant responsibilities, I suggest you prioritize taking care of your family bills before investing the remaining money into Bitcoin. By consistently investing a portion of your paycheck into Bitcoin using the dollar-cost averaging strategy, you can accumulate Bitcoin over time. When you look back, you'll be surprised by how much Bitcoin you've accumulated over the time. |
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Actually I am very new on trading, And while browsing the forum, I saw that most of the time people are talking about the support zone, can someone please explain to me what the support zone is, I would be a little more happy if you explain it through a chart. how can I identify the support zone ?
Support is only an area where traders have been trading for a considerable amount of time and where it was challenging to pass that price; if they break that resistance, the spot then serves as a support for traders after the price has reached another price or hit another resistance. Just remember that support in trading is an area where trading activity has frequently happened and it is always recommended to buy at that spot. You can readily recognize support on a candle chart, and traders will often follow both big and local supports. The major supports are what traders often follow, and they are typically observed in large time frames, whereas local supports are typically observed in small time frames, such as hours and days. These pictures can help you comprehend.   |
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All in a bid to ensure I have a concrete investment plan this year, I researched some of the altcoins that has the potential to yield the best return over a duration of 5years. BTC and Eth top my list as one of the more secure coins, but other altcoins have proven to be reliable overtime, if you agree. Despite market volatility and the possibility of a crash, which is your most valid choice right now.
*If I have $40,000 to invest in one #cryptocurrency that will make me a billionaire, Which one do you think would be a better choice, besides BTC and Eth of which I have grown accustomed to?
- $BTC *
- $ETH *
- $ADA
- $VET
- $SOL
- $MATIC
- $SHIB
- $NEAR
- $DOGE
- $DOT
- $LINK
These are some of the best I have seen so far.
*What advice would you give me?
This amount look so good that I may use it to start a business instead of buying altcoins, you can't invest all your life in crypto, it is good to have something good outside crypto, that is how investment should be. However, even if I am to consider buying of coins, I will not buy coins that has been pumped in the past bull cylces, many people who bought those tokens are trapped and they are all waiting for their bags to pump above their buying price and exit the market. From your list, I would skip Shib, doge, Vet and Sol; I may consider the rest in that your order. |
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Honestly cryptocurrencies like now acts like stock, it's just being largely used for investment, some even call it commodities, I doubt it could ever replace bank, meanwhile i'm sure majority that invested in crypto would still actively use their bank so no, it will never replace that even in the future.
You wanted to say Securities and digital tokens, Crypto is far from been a commodity and they are nothing really like stock except for some project that try to immitate stocks by bringing their features in token supressions by giving dividends to their investors that hold their tokens, and even with that, there only exist slight similarities within crypto and Stocks. The failure of cryptocurrencies particularly the Altcoins are so great that it will be tough for people to embrace them today. Things may change in the future, but I don't think they will now. Cryptocurrency is still too young to replace traditional banks. |
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You need to choose between thousand of coins out there unlike Bitcoin which is just the only one. Even then you have made your picks before, you need to analyse first with your preferred indicators and strategies so you don't make any flops.
It's not that easy to choose which coins to choose and when to invest. That's why so many thread in here covering about this type of topic.
Investors fear of altcoins is not solely related to the supply of coins. Rather, it is often due to the lack of commitment from projects and their teams. In the begining, the ideas presented in the whitepaper may be impressive, but once the project tokens and coins are launched on an exchange, progress and commitments tend to decrease. This is when disagreements and team members wanting to leave the project become more common, and instances of hacks, liquidity rug pulls, and sell pressure from the team selling their vested tokens or foundation tokens without adhering to the initial unlocking agreement can occur. |
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Al-Nassr is aiming to sign one of two candidates for the manager position there. These candidates are Zidane and Mourinho according to rumours.
It is really like nearly impossible in my opinion that they can convince Zidane to go there now. Of course I can't imagine how much money they can offer him but still I don't expect Zidane to choose this way for now. He is intending to manage France national team for now and even if he decides to manage a normal team instead I would expect him to manage PSG for example. When it comes to Mourinho this is realistic to me. Because he is already likely to leave Roma if rumours turn out to be true. I don't think he would refuse a huge offer from Al-Nassr.
What is so special about European coaches that made you think that they will decline the offers of Al-Nassr? Ronaldo right now is the highest paid footballer in the world and there is a rumor that Al-Hilal is making attempt to make Messi accept good deal as well. When R7 was offer such amount, he never thought about it twice because the money is a good pay, I believe once they put good amount for Mourinho and Zidane, they will accept without thinking twice, everyone in football now do it for the money unlike the early days where people put love of the club first before the money. |
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Osimhen will try for sure to do the difference in the next match against Milan. It is only a question of mentality, Osimhen could be that something of more that can let Napoli try to reach semi-finals. Also, on tuesday there will be many fans so I expect a really funny match, in my opinion Napoli will beat Milan and will go to the semifinal, they are too angry  (but who I am? Let's see what will happen) Napoli had a difficult day when they conceded the first goal in the first half, and to make matters worse, Anguissa received two yellow cards and was sent off the pitch. This left Napoli to face the formidable Milan with one less player. All effort of fighting hard to equalize the score, their chances were dashed by Anguissa's costly mistake. Hopefully, Osimhen can help lift the team to new heights and make headlines. This success could potentially lead to an increase in his wages during the next transfer window, giving him an advantage when negotiating with the board of Napoli, he can comfortably say what he can offer and what he cannot offer the team but they have to pass through Milan at all cost. |
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I am not sure if Tottenham would really be happy to make a direct competitor in the premier League stronger by letting Harry Kane go to Manchester United. Usually clubs don't want to do that. So if Kane really does not want to stay at Tottenham any longer, then i am pretty sure, that the club would prefer if Kane would leave to a club outside of England, but of course it is also important where the player himself wants to go.
Regarding a move from Kane to Bayern. I think it is still possible, but i think at the moment other strikers like Kolo Muani and Osimhen are the favorites of the Bayern Munich officials. This makes sense in my opinion because both of those players will roughly cost the same as Kane, maybe a little more, but they are both 5 years younger.
Not important about player signing with the rival team depend on expensive offering than other team, from Harry Kane still not clearly rumor he will leave Tottenham Hotspur at the end this season and join with Manchester United. But Harry Kane will not stay forever with Tottenham Hotspur without get any trophy yet and join Manchester United have chance to get one or two trophies later. Joining to Bayern Munich will get large opportunities with trophy due dominance in domestic league, but depending with Harry Kane decision he want stay and play in Primer League team and prefer for joining with Manchester United next season. Not only Manchester united, Boely is also determined to sign Kane at any cost, but every player has the right to make their own choices as long as there is no contractual obligation tying them to a particular club. Regarding Kane's loyalty to Tottenham, he has spent his entire career with the club and has never been sold as he is a valuable asset to them. While he has been loaned out to other clubs in the past, since the termination of his loan with Leicester City, he has not been loaned out again. This has allowed him to focus on his performance and contribute significantly to Tottenham's success, leading him to become their highest goal scorer, I doubt if the guy is going to leave anytime soon for another club. |
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With all the efforts done on Chelsea so far, in trying to bring back Chelsea into form, right from the sacking of Thomas Tuchel and to the sacking of Graham Potter to bringing in Lampard now, yet things seem to be worsening. I'm beginning to think that Chelsea has entered and is facing their down time as a football club.
Arsenal and Manchester united was once upon a time in that situation, even Liverpool too. However, what they need do right now, is to bring the right measure in place to get Chelsea out early, in order not to spend more time than they should spend struggling to get up, hence they will lose the ability to buy high valuable players, because every player wants to see himself play in the champions league compition.
The Arsenal team is doing great in the English Premier League, and is competing with Manchester City. However, Arsenal's performance in other leagues is slightly lower than in the Premier League. But Arsenal are much better than they were in the past. Arsenal has been eliminated from both the FA Cup and Europa League, leaving them with only the Premier League for the remainder of the season. It is hoped that they will win the Premier League and qualify for the Champions League next season. It would be fascinating to see their performance in the Champions League, as Manchester City has been making waves in recent years. Even if they do not reach the final, it would be great if they can make it to the semi-finals and restore confidence in their fans and if they win the cup, It will be a great achievement for the Emirate. |
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Chelsea VS Brighton
I am looking forward to watching the Chelsea vs Brighton match. As Chelsea continues their poor performance, can they win against Brighton?
Chelsea has not won in the last four matches of the Premier League. They have lost against teams like the Wolves. They share points with Everton. They even lost 2-0 against Real Madrid in the last match. Brighton is a very difficult opponent for Chelsea in such a bad state of the team. Also, despite losing 2-1 against Tottenham in the last match, Brighton continued to perform well in previous matches. So Brighton's team is considered as favorite against Chelsea today. I think today's match will be dominated by Brighton players. They will not give Chelsea any chance to win.
Of course I am quite optimistic that Chelsea will continue its negative trend in the Premier League. What's more, facing Brighton is not their easy task, they are often dubbed the killers of big clubs in the Premier League. For this reason, with conditions that are still unstable, Chelsea will experience difficulties because Brighton's performance in the last few matches has been very convincing. The last Chelsea vs Brighton meeting ended with a score of 4-1, and after last season's match Chelsea did not make many positive moves. So do not rule out the results may not be much different. Brighton is in a favorable position to win their upcoming match against Chelsea. However, if Chelsea were to lose, it could have serious implications for their caretaker manager who has suffered two consecutive losses since taking on the job. This stagnation could be detrimental to the team, especially if Lampard wants to be retained as the main manager because it will leave the board with nothing to show for the season and Lampard's reputation would deteriorate, potentially making it difficult for him to secure a position with a top-tier club. It's worth noting that Lampard has yet to win any major trophies as a coach during his two tenures at Chelsea.  |
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Benzema is unlikely to move to MLS or Saudi Pro League in the near future. He still can play quite well, he should have good motivation to stay in the top league in Europa. Although he wants to leave Real Madrid, I am sure he will move to a big team, too. He may move to another league, may be in EPL or Serie A. I guess he will move to Serie A if he wants to leave Real Madrid. He seems very appropriate to be AC Milan striker or Inter Milan striker. Benzema's contract at Real Madrid will expire soon next summer. So far, there are indeed many Saudi Arabian clubs who want to propose to this quality player. However, bringing in a Benzema is not easy, and on the other hand, Benzema has said that he has never thought of having a career in the Arab league. There are several rumors that I have, if indeed at the end of the season Benzema does not renew his contract with Real Madrid. Benzema's first destination is likely to move to Manchester City, because reportedly he is interested in becoming one of The Citizens who is performing well under Pep Guardiola. Regarding Karim Benzema, I'm not sure he wants to continue his creaser Benzeman is getting old but regardless of his game he had a good performance and he is the first hope for Real Madrid to score goals while he extended his offer for another year with Real Madrid and I'm sure this player can have good performance in Real Madrid even for another season but after that like many superstar players transferring to the Arabian team can be a good option for him. One of the oldest player in Real Madrid I can point out is Modric, 37 years old and he is still one of the greatest midfielder for that club and Benzeman is still 35, younger than Modric and he still plan to sign another long contract with Real Madrid, I think Benzema equally has a big stake in the club too. The last time I read about his contract demand with Real Madrid, he plan to stay on two conditions whic are the increase of his pay rise and must be start in every Real Madrid match as long as he his fit to play, I think that Real Madrid will keep him because they don't have any one to replace him right now. |
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