It seems to me that if that ends up being true, then it is more likely more difficult to sustain.. and then also the one entity theory (which I had read through your previous post on the topic) would suggest that it is a kind of an attack rather than legitimate (and/or) organic (green turf) kind of usage. My expectation was that someone is somehow turning a profit from the Ordinal scam, but I can barely believe that produces enough money to spend many millions of dollars per day on Bitcoin dust transactions for months in a row. Then again, ICOs also earned massive amounts of money, so maybe enough people are really still dumb enough to fall for this. Since their Ordinal crap needs it's own wallet anyway to make any sense, they should have built this whole scam on LN. |
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Futures ETFs and spot ETFs are as far from Bitcoin's intended purpose as you can get and they serve to make banks more money while giving them more control. One the one hand: yes, ETFs are the opposite of what I'd want to use. But on the other hand: Bitcoin gives anyone the freedom to use it the way they want. If they want to risk fractional reserve Bitcoin, let them. Many exchanges have lost their coins in the past. This will eventually happen to an ETF too. Bitcoin is not an investment vehicle. If it is not a currency, what value does it have? I guess it's a bit of both. There's another benefit to people keeping coins on exchanges or ETFs: the blockchain simply can't handle more on-chain transactions. Current estimates of the number of "Bitcoin owners" are several timse larger than the total number of funded Bitcoin addresses. That can't all happen on-chain, without massive increases in block size. Most people here have thrown in the towel. Bitcoin is not now, and will never be a currency!!!!! I can use Bitcoin right now to order dinner. Of course it's a currency. My initial take on blockchain, as a technology, is that it could never scale even remotely close to what would be necessary to provide a mainstream payment system. As in, it could never get to even one thousandth of the scale and efficiency necessary to handle even world-wide credit card payments, let alone usurp other forms of payment like cash. On-chain solutions can't, because storing a quarter trillion VISA payments per year in a decentralized way is simply not viable. That would require massive data centers. But off-chain solutions have the potential to do this: the Lightning Network for instance doesn't need to store all transactions, each node only has to store the current state of it's own channels. Except for the problem of on-chain channel creation, this has the potential to scale very well.
I may even consider using a Bitcoin ETF: unlike my own keys, an ETF comes with tax benefits for pension savings. But that would also mean I have to trust the ETF for decades, and I'm not ready to do that yet.
Banks are just trying to remain relevant  |
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With mining starting to be concentrated in just 3 or 4 large pools, it is not difficult for governments to start creating greater rules and restrictions. Miners can easily switch pools. The moment one pool is subject to unwanted government involvement (let's say a tax on freshly mined Bitcoins), miners will leave. Money talks. |
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what happens if I don't backup wallet.dat? You'll be one failure away from losing your Bitcoins. |
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Yes, OG did delete the messages where he laughed about punching out LoyceV's teeth and selling them here on the forum. Why is he not banned for breaking forum rules? 8. No threats to inflict bodily harm, death threats. |
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Moderator could delete this topic if possible since the problem is solved! Mods won't delete it, so others can read it too. Best you can do is lock (bottom-left) this topic. |
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To put it simply, I developed a mint inscription tool, and then they donated about 5,000 transactions to me, and each transaction was (2000 Satoshi). Now I find that I can't get these Bitcoins because I need a lot of gas. This is a cost I cannot accept  There is no "gas", there's only "transaction fees" in Bitcoin. So you have 0.1 BTC in dust. Yep, you're screwed. And since those "inscription" spammers are the cause of the high transaction fees, it feels like sweet karma to me  Either way, just wait. If fees drop enough, you can consolidate them at 1 sat/vbyte. You're going to need patience. |
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Could you please explain what you mean by this? See this post. |
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A month ago, the highest paying campaigns on this forum: $250 per week.
A month ago, the highest paying campaigns on this altscointalk: $0.
Now: the only campaign that pays the most in this forum: $150.
On altscoinstalk: $45.
A year from now: we'll see. All I see here is that "altscoinstalk" can expect a lot of competition! If it's that easy to get people to earn $45 per week on a new forum, there's a lot of money to be made for the forum itself too, and new forums will emerge. Nothing can takeaway over 14 years of history of this forum. There have been Bitcointalk clones before It shouldn't be that difficult to clone the entire site again, but on a different domain with different rules. I think it's only a matter of time before forums as a place for discussions become a thing of the past I don't think so. That would only leave a few "social media" ruled by multinationals. I don't ever visit those, and I'm not alone in that. |
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browsing with concealed IP If governments get their way, they'd end that too. Once in a while a n00b politician already suggests to ban encryption. |
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I understand nobody can know for 100% but do you guys and girls think we will see fee's go down to example 15 sat/vB for Medium Priority again anytime soon? Since the massive blockchain spam seems to be caused by just one entity, it's impossible to predict anything about this. |
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They disable that feature months ago since version 4.4.0 so now it's impossible to enable, disable it.
The team made this commit to turn RBF by default and remove all RBF settings. If that's the case, then why can't you apply RBF to a transaction that doesn't have RBF set? That would be a useful feature to add to the GUI in Electrum. |
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deleting all his posts would be a logical thing. The Mod must be too lazy to click delete 500 times |
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How about Legendary user finist4x? It woke up last week, and posts chatbot diarrhea on the tech boards: In recent times, many users have found themselves grappling with high fees when attempting to rebalance their channels. This has led to questions and concerns about the reasons behind these increased costs. One prevailing question is whether these fees are directly related to on-chain transaction fees, or if there are other factors at play.
It's worth noting that the surge in fees for rebalancing channels may not be solely attributed to on-chain transaction costs. While on-chain fees can certainly have an impact, there are other considerations to take into account. One potential factor contributing to the high fees could be the need for users to compensate for the expenses associated with opening and closing channels, in addition to routing fees. And this on the altcoins board: Eric Balchunas' prediction of a 70% chance of the SEC approving an Ethereum spot exchange-traded fund (ETF) in May has sparked significant interest and speculation within the cryptocurrency and investment communities. The impending review of multiple Ethereum spot ETF applications by the SEC, including those from VanEck, Ark 21Shares, and Hashdex, has heightened anticipation for potential regulatory acceptance of Ethereum-based investment products.
While digital asset lawyer Joe Carlasare shares optimism about the approval of an Ethereum spot ETF this year, he offers a cautious perspective on the timeline of the approval process. His insight underscores the complexities and considerations involved in regulatory decision-making, suggesting that investors should be prepared for potential delays in the approval process.
The potential approval of Ethereum spot ETFs holds significant implications for institutional investors, as it could open up new avenues for exposure to the cryptocurrency market within a regulated and familiar investment framework. As the cryptocurrency industry continues to mature and gain regulatory acceptance, the emergence of Ethereum spot ETFs could represent a pivotal moment in expanding investment opportunities and further integrating digital assets into traditional financial markets.
Overall, the evolving landscape of cryptocurrency regulation and investment products presents an intriguing intersection of innovation, regulation, and market dynamics, shaping the future of institutional investment in digital assets. The developments surrounding Ethereum spot ETF approvals will undoubtedly be closely monitored by investors and industry stakeholders alike. |
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but worries about 28%-40% tax You're missing the point here. I was talking about income tax, and that goes up to 49.5% here. Or higher on certain brackets, because you'll lose other tax benefits that aren't shown directly. a fresh prospective will help you worry less and instead see you are still making profit... else there is no profit to tax. As for our wealth tax: it doesn't matter if you make profit. That's great if you make huge profits, it's bad if you make losses. |
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some tips on how to proceed in the future. Just report the post and explain the situation. That may or may not get the desired result |
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what happenes after 100% sync? Lol. You can finally use Bitcoin Core when that happens. New incoming payments will show up in a few seconds, and your wallet will show the correct balance. Create a few backups of your wallet.dat before funding it. |
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I need some tBTC for a project. We can buy for some sats but we need something like 3-4 tBTC. Why? What can you do with that much that you can't do with 0.01 tBTC? |
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Way ahead of you, I noticed this spammer on my Active users list and reported him: 3 year bump for this moment:  is it enough to report one post Yes. I reported one post, and said it looked like a spambot that got stuck, posting the same thing hundreds of times. I also asked not just to delete the post, but ban him. Modlog shows Mods deleted 2 pages of his crap, and then gave up |
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dust attack when you eventually spend those tokens along with your real tokens Dust attacks don't pay high transaction fees for one output. These aren't "tokens", we're talking about Bitcoin here. |
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