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201  Economy / Economics / FED Chairmain compares Bitcoin to Gold on: July 15, 2019, 03:25:05 AM
I was surprised that I didn't see much coverage on this. This is pretty big, the guy running the FED at least officially basically knows what's up: That Bitcoin is being used a a store of value/speculation, and that it's competition for gold.

https://www.youtube.com/watch?time_continue=1&v=jBUlXryF2WI

He also admitted that US as world reserve currency may not last forever...
202  Bitcoin / Bitcoin Technical Support / Re: Man in the middle (mitm) on Bticoin Core? on: July 08, 2019, 03:42:01 PM
You are supposed to sign tx's on offline devices which are airgapped, and whose access it's blocked, this way even physical access isn't a problem. The node runs separately on another device. The tx is to be transported in a safe medium, namely a QR code reader. Pretty hard to compromise that... MITM doesn't apply there.
203  Economy / Economics / Re: Reminder: Goldbugs are a joke on: July 08, 2019, 02:37:25 PM
The entire market is obviously rigged. When you can pump stocks by printing money you don't get a clear view of what's going on. The metals market are also rigged. Spoofing in future markets is an ongoing thing. When JP morgan's ass was saved when they did the wrong trade on silver back on 2012 which resulted on Blythe Masters being executed.

People are saying the same thing about Bitcoin, that banks/governments can print money and buy it, that futures are used to manipulate the price. People are talking about whales and manipulators in Bitcoin every day.

They meet in chatrooms / telegram and manipulate prices, this is no crazy conspiracy theory. Obviously this is happening in all markets to some extent including Bitcoin but with the difference being that with Bitcoin it's the only thing you can know and audit to be strictly limited in amount so any Maddof scheme attemps to disturb real price discovery are short-lived.

Everything is a [conspiracy] theory until there is evidence. Manipulation, insider trading and other illegal practices happen all the time, on any market, but it doesn't mean that the whole market is rigged, especially if the market is huge.

There is evidence of manipulation everywhere. Just with JP morgan, here is a nice list of their "practices":

Quote
In October 2018, the U.S. Treasury imposed a $5.3 billion fine in a settlement with JPMorgan Chase for the violation of Cuban Assets Control Regulations, Iranian sanctions and Weapons of Mass Destruction sanctions 87 times. Back then, the U.S. Treasury also said it had found the bank violated sanctions on narcotics and Syria, when it processed 85 transactions and maintained accounts for six sanctioned individuals.

In December 2018, JPMorgan Chase agreed to pay $135 million to settle Securities and Exchange Commission (SEC) allegations that it mishandled U.S. securities that represent shares of foreign companies, the latest bank fined in an industry crackdown on the practice. The bank improperly provided what's known as American depository receipts (ADR) to brokers when neither the brokers nor their clients held shares in foreign companies that were required to support such transactions.

Again in December 2018, the Hong Kong Monetary Authority (HKMA) said on Friday that it had fined the Hong Kong branch of JPMorgan Chase $1.60 million and reprimanded it for breaching anti-money laundering and counter-terrorist financing rules. An investigation by the HKMA had found that between April 2012 and February 2014 JPMorgan Hong Kong contravened six provisions of the anti-money laundering and anti-terrorist financing rules.

In January 2017, the Indonesian government suspended ties with JPMorgan Chase after the bank's research analysts issued a negative report on the country and stopped using the bank for bond issuance. The ban on the U.S. investment bank was lifted and the Indonesian government commissioned JPMorgan Chase to issue bonds on May 2.

In 2016, an investigation by U.S. authorities found out that the JPMorgan Chase hired children of Chinese authorities from 2006 to 2013 in order to do jobs in China. The bank had to pay a $264 million fine to settle claims that its hiring violated the Foreign Corrupt Practices Act (FCPA).

In 2014, JPMorgan Chase agreed to pay over $2 billion for failing to alert federal courts about the largest Ponzi scheme fraud in U.S. history, the Bernie Madoff scandal. The bank had to pay over $1 billion to settle criminal charges, millions to settle civil claims by Madoff's victims and millions to be paid to the Treasury Department.

Serving as Madoff's primary bank for more than two decades, JPMorgan had a unique window into his scheme. In a document outlining the bank's wrongdoing, prosecutors had argued that "the Madoff Ponzi scheme was conducted almost exclusively" through various accounts held at JPMorgan. A fraudulent investor, Bernie Madoff was estimated to have swindled nearly $65 billion into his own accounts.

In 2013, the American investment bank was fined $13 billion for its manipulations on the quality of the mortgages it had been selling to investors in the runup to the 2008 financial crisis. The deal included a $4 billion consumer relief package, and a $4 billion settlement with the Federal Housing Finance Agency, which oversees government mortgage financing companies Fannie Mae and Freddie Mac.

Again in 2013, the bank had to pay $410 million in fines for its manipulation of the American power market in California and the Midwest, as an investigation by the U.S. Federal Energy Regulatory Commission (FERC) revealed. JPMorgan Ventures Energy Corp, the commodity trading unit of the bank, agreed to pay a civil penalty of $285 million and disgorge $125 million for "manipulative bidding strategies" from September 2010 through November 2012.

In 2010, JPMorgan Chase was fined $49 million by the Financial Services Authority (FSA) of the U.K. for failing to protect billions of dollars of client money over almost seven years between November 2002 and July 2009.

And this is only what is in the clear, imagine all the moves that don't get reported. The main point here was to show how Bitcoin cannot be manipulated long term due it's auditable, open source, strictly limited in amount nature.
204  Bitcoin / Bitcoin Technical Support / Benchmark mode on: July 08, 2019, 02:34:04 PM
I was thinking about developing a benchmark mode for Bitcoin Core which would extrapolate synch time in order to make a database with different devices, without having to manually download and validate the entire blockchain.

Would it be possible to develop this with extrapolation techniques? You see benchmark modes in various software most commonly in videogames, by taking averages of FPS during different workloads. Because of the nature of blockchain the difficulty is that speed decreases and increases depending on where you are at (the first years go pretty fast, then we have the spam years which lower the average and so on). If you have any ideas in order to extrapolate averages with given data then post it here.

PS: Maybe move this to development subforum.
205  Bitcoin / Bitcoin Technical Support / Re: Cannot cross compile Bitcoin 0.18 for windows because of QT on: July 08, 2019, 02:28:10 PM
Hum, I am cross compiling on Ubuntu, not on Windows...
QT5 is installed, but the PATH is maybe not updated. I will investigate that, thanks for your answer.


Code:
set PATH=%PATH%;C:\Qt\5.11.1\bin
cd C:\coin folder name
qmake USE_UPNP=- coinname-qt.pro
mingw32-make -f Makefile.Release

Looks like QT5 is missing..

This topic might be of some help to you..

https://bitcointalk.org/index.php?topic=149479.1140

https://download.qt.io/archive/qt/5.11/5.11.1/



Uninstall and reinstall:

Code:
sudo apt autoremove '.*qt5.*-dev'
sudo apt autoremove '.*qt4.*-dev'

Then reinstall:



Code:
wget http://download.qt.io/official_releases/qt/5.7/5.7.0/qt-opensource-linux-x64-5.7.0.run
chmod +x qt-opensource-linux-x64-5.7.0.run
./qt-opensource-linux-x64-5.7.0.run

but install qt4 first then qt5
206  Bitcoin / Bitcoin Technical Support / Re: Raspberry Pi 4 performance on: July 08, 2019, 02:21:13 PM
SD Cards are trash. If you wanted to stay digital then SSD is the way to go... but most likely you will be forced to run pruned mode pretty soon since the big TB drives are pretty expensive.

I don't see why not just you couldn't stay with HDD. Sure it's slower, but if you want to run a full node (no pruned mode) then it makes sense to get a 4TB one and forget about hitting a limit for years.
207  Economy / Economics / Re: Reminder: Goldbugs are a joke on: July 07, 2019, 03:59:05 PM
Gold finally gets a little pump after years of stagnation and underperforming when it should have been performing against the ongoing fiat clusterfucks all over, and goldbugs start giving "told you so" lessons.

What clusterfucks are you talking about? Stocks are booming for many years already, while some people are saying that recession is coming soon almost every day. So, no wonder that gold struggles now, and goldbugs are indeed a joke, because how emotional they are about investing. Good investors evaluate potential investments objectively, without letting their personal beliefs interfere with this process, and it's a problem that can plague any investor, not just goldbugs.

The entire market is obviously rigged. When you can pump stocks by printing money you don't get a clear view of what's going on. The metals market are also rigged. Spoofing in future markets is an ongoing thing. When JP morgan's ass was saved when they did the wrong trade on silver back on 2012 which resulted on Blythe Masters being executed.
They meet in chatrooms / telegram and manipulate prices, this is no crazy conspiracy theory. Obviously this is happening in all markets to some extent including Bitcoin but with the difference being that with Bitcoin it's the only thing you can know and audit to be strictly limited in amount so any Maddof scheme attemps to disturb real price discovery are short-lived.
208  Bitcoin / Bitcoin Technical Support / Re: Raspberry Pi 4 performance on: July 06, 2019, 06:41:17 PM
Looking to get one of these soon. Which variant are you looking at the 1gb, 2 gb or 4 gb?

It says below im looking for 4 GB. I don't get why you would get any less... if you wanted to use it as a desktop computer as well you want at least 4. If you wanted to run a Windows node for some reason definitely impossible without less than 4 GB or at least not without a big PITA.

Dont got one yet but the raspberry pi can handle 1gib connections and with the 4gib of memory it will boil down to your hard disk speeds.

CPU was the biggest bottleneck when it came to synchronising with the network. Depending on the task, the CPU seems to be up to 3 times faster which is a huge improvement. No one has tested it yet with Bitcoin Core.

Not only the CPU but the Ethernet was capped at 300mpbs which was a big bottleneck if you had high speed optical fiber of 1 GBPS which you can take advantage of now with the 4 version. 4 GB doesn't hurt. Ideally we want 8 for the next release.
209  Bitcoin / Bitcoin Technical Support / Re: WTS my smartphone but I've got crypto in it. HELP! on: July 06, 2019, 01:09:16 AM
I've got a smartphone that's gone old and I wanna sell it so that it helps me pay at least 1 EMI for my next new smartphone. Well there's a catch, I've got all my crypto and privkeys as well as wallets (even exchange apps) installed in my current smartphone but to my knowledge,

There's no guarantee that you have completely removed data from anything that isn't a physical HDD, in any case even if there was, it's simply insanity to sell it. Never sell it once you've put private keys in there. In fact, learn the fact that private keys should never be connected to wireless crapvices such as an smartphone. Move keys to a safe computer, process to destroy the phone with a hammer if necessary. It could cost you more money on the long run than what you would make selling it.
210  Bitcoin / Bitcoin Technical Support / Raspberry Pi 4 performance on: July 06, 2019, 01:00:45 AM
The Raspberry Pi 4 is here, if someone gets one, could you post performance input including:

1) Time for the Bitcoin wallet to open
2) Time to download and sync the entire blockchain
3) Time to sync exiting copy of the blockchain

+ any other relevant performance info.

State your OS and your storage device.

Interested in the 4 GB version..
211  Bitcoin / Hardware wallets / Re: Bitcoin Ledger and other hardware related questions. on: July 06, 2019, 12:50:30 AM
Hardware wallets are a bit of a meme in my book. I would look into the new Raspberry Pi 4, the 4 GB version. It should be similar to running a node in a Core 2 Duo I guess. You get 4 1.5ghz cores and without the IME or PSP clusterfucks.



In addition, it looks cute plus you get to piss off Craig Wright running a node on it.
212  Economy / Speculation / Re: Billionaire wants to buy 25% of the bitcoin supply on: July 06, 2019, 12:30:23 AM
What's fun with these forbes thingies is that eventually some oil towelhead dude will eventually buy a massive chunk of Bitcoin because he has heard on the news that this or that. And so he does, and because he is a computer illiterate, he ends up forever losing the private keys, which means those which aren't computer illiterate get that nice pump from the supply shrinkage, and so it goes.
213  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 06, 2019, 12:26:00 AM



Boy, this post is from Jun 2019, not Dec 2107, but the feeling are the same.

So, we are now at the top then ? Hopefully not another 85% decline, like after Dec 2017 !

I expect the price of bitcoin to be way past $1,000,000,000 per coin by 2107. And yes, I mean US dollars, not Zimbabwean dollars.
214  Economy / Economics / Reminder: Goldbugs are a joke on: July 05, 2019, 11:56:47 PM
Gold finally gets a little pump after years of stagnation and underperforming when it should have been performing against the ongoing fiat clusterfucks all over, and goldbugs start giving "told you so" lessons.

Whenever you see a goldbug giving you a 101 on economy and investments lesson (the same goldbugs which told you to buy gold instead of "that Bitcoin scam" since 2012) show them this pic which exposes the mother of all goldbugs:



Unbelievable that this guy and their followers still have the audacity to go around lecturing Bitcoin holders. They should be quietly hiding under a rock at best.
215  Bitcoin / Development & Technical Discussion / Re: Is PoW Outdated? What are the Essential Advantages of PoW Consensus? on: July 05, 2019, 11:52:27 PM
Roll Eyes Is that really your debate? You need to think about the security trade-offs your Zeitcoin is giving up, besides eating those crayons. But, most POS networks have centralized signers through checkpoints. If you're OK about that, then good luck to you.

No, most PoS coins don't run a checkpoint server.
Peercoin Hybrid PoW/PoS does,

However the following PoS coins don't run a checkpoint server
Blackcoin, Mintcoin, PandaCoin, Zeitcoin

Show us what you know which coins run a checkpoint server dumbo?

Bitcoin is reliant on just 4 individuals (pool operators) , so your btc security is a issue of pure trust, the energy waste is meaningless.

FYI:
While not running a checkpoint server , your beloved bitcoin does still have checkpoints in the client code.
Maybe you should petition the devs to completely remove them.  Cheesy

Contrary to the popular belief that keeps getting repeated, mining is getting increasingly decentralized. Bitmain is no longer the king in town. Jihan Wu thought he was the Caesar, and he ended up kicked.

PoW works, gets Bitcoin secure and continues to do so. Shitcoins haven't been through what Bitcoin has been, so they are objectively inferior and of less value.

All non PoW and non-Bitcoin-PoW is not secure, actually centralized sockpuppetry.
216  Economy / Economics / Re: Italy just figured out that the country doesn't fully control its gold on: July 04, 2019, 01:17:10 AM
Considering how things are set in the EU, such rules should not surprise us too much. To my knowledge some 70% of all decisions are being voted in the European Parliament, which to some extent makes sense for the big states, but not for those small countries with a small number of representatives.

To me personally makes no sense that I need to ask you what will I do with my money, but in this case with gold ECB has set a protective mechanism for some purpose.

Italy is the third country in the world by reserves of gold, but from what I read they do not want to sell gold to repay the debts which is the largest in Europe (€2300 billion in 2017). Italy has another problem related to gold, it is not clear who is the owner of gold - Bank of Italy or state.

More info :

https://www.reuters.com/article/us-italy-gold-borghi/italy-government-wont-sell-a-gram-of-gold-reserves-league-lawmaker-idUSKCN1Q20Q1
https://news.goldcore.com/ie/gold-blog/italian-debt-financial-disaster/

It's no different in any other country. There's always higher powers that be that control assets such as gold resources. Anyone that thinks that the politicians that supposedly people elected with their votes, can unilaterally do business their gold reserves is deluded.

The only true sovereignty is in Bitcoin, the rest is just subjugated by an elite which has nothing to do with you, me or anyone in here. Which is why Bitcoin continues to be insanely undervalued until it's at least 8 $trillion marketcap.
217  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 05:03:47 PM
hello

I have sold half my coins on the way up, not wanting to go back to so "little" value as before. Now of course it seems stupid to have done that, but catching the top is not my forte. When this bull run started I figured, when my stash is worth a certain amount (one with enough 0s), I'm selling everything but 1 coin.

Now I don't know. On the one end, if such bust and bull runs can still happen, then the logic is to sell at one point yes, but with the goal to buy back later when it will have crashed. I expect I could double my stash at least from doing that.

Then again, maybe it's the last bull run, and once it's down, if I convert from cash to coins again, I will have double the coins, but which will never rise again.

I know some of you have enough coins to play all scenarios, but not me.

When I say the plan was to sell once enough 0s reached, the idea was to get that money out and invest it in something else, probably a mix of real estate and stocks, or just real estate.

Now it seems playing with coins at least a couple years more might be well worth it.

But it's such a wild ride !

Well have fun paying massive tax, being put on on some sort of list, and also get some good lawyers. Biggest reason to hold is that even if your bitcoins are from licit origin, it's a gamble how the government will deal about it.

Also lol at this is the last bullrun.
218  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 04:49:02 PM
I refreshed coinmarketcap and see Bitcoin way above $13k....what the heck!!!!!

Seems cool, but it will be below $10k again, and eventually below $1k again. We probably won't ever see the price above $15k, and almost certainly it will never create new ATHs. There are too many confirmed problems with bitcoin as I have verified over the years. China, Russia, and now Facebook, make it a near certainty. Shorting is wise, but not with too much leverage because bitcoin is unstable enough that random and irrational movements can wipe you out, but the downtrend to zero is definitely still on track if you just look at the data.

The mighty proudhon is back predicting the up and coming doomsday of Bitcoin. Pack it up, it's over.




Anytime now.
219  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 04:43:14 PM


imagine a decade of bagholding gold while watching bitcoin pump over and over
https://twitter.com/CryptoBull/status/1142972801277747200

Indeed, thats what r0ach is doing with silver, good he still has use for his silver, it works perfect to eat with, to drink out of, to shape in a form as he like ....

I can't believe how this guy goes out in public with a straight face defending how he was always right. He told people to avoid Bitcoin at its lowest, then told people to buy gold right before the multi decade dump. This while selling his goldmoney scam implying it's decentralized or anything.
Anyone that listened to his advice has become one of those guys which are permanently bitter about Bitcoin and delusional about how awesome gold is (like our resident Peter Schiff r0ach).

A total f*cking trainwreck of a prediction. And he has been telling people to not buy at every single f*cking market bottom since then, all of this while gold dumped. If you tried to make a worse financial decision in purpose you couldn't.


*note how this chart peaks at $3k, of course, all of those know-it-all analysists saw that chart and said "the bubble is about to burst", then we saw it go to $20k, proving how predicting tops in bitcoin is impossible and the only sane move is holding

Anyone that has been seeing Bitcoin hit 5 figures (now twice) since 2012 while bagholding gold has become clinically insane.
220  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 23, 2019, 04:15:44 PM

1 BTC/Lambo is so far anymore. Maybe Christmas? Or I wish too much?
Too much wish. I would like a slow and steady ride.

Christmas, no chance. 1BTC = 1 Lambo a few years away imo.

Let's just say hypothetically that a WO guy or gal (the one in here) were to be inclined to purchase a brand new Lambo with 1BTC, once Lambos were within that price range - or bitcoins were within that level of price appreciation.

How many BTC would you say would be prudent to be in that person's BTC holdings or the level of that person's wealth, more or less, to make it prudent to use one BTC on a lambo?   Perhaps the equivalency of at least 10 BTC?   If you have the wealth equivalency of 10BTC when a Lambo is worth 1 BTC, then you can prudently afford a lambo, in my level of thinking about prudence.  

Of course, other guys and gal might come to a different conclusion than me, and be willing to allocate their value towards a lambo with much less of a value cushion.  Personally, I think it would be somewhat reckless to have less than 5 BTC of value and to apportion 1 BTC towards a lambo.. but, hey that's me.

Spending 1 BTC on a lambo when you have 10, it's still as dumb as it gets. You are putting 10% of your wealth on a god damn car, which will not stop there because those cars are high maintenance. So you better be making at least 10k a year only reserved for the car.

If you had 20.. then maybe, and it couldn't be one of the brand new ones, should be something more modest like an used Gallardo which goes for around 90k.

You'll also have to deal with taxes, because you can't buy a car or a house without getting taxed the fuck out, which means having to report where every single satoshi comes from, which is a nightmare within itself. I have for instance payments from signature campaigns from years ago which im not sure how I should exactly prove they come from there as the websites don't exist anymore (Coinut for instance, used to pay you on their website, and I didn't took any screenshots of the payments or anything... so you tell me). Then there's the forks nightmare, then there's the trading which occurred on exchanges which no longer exist nightmare... and so follows. Those are just motivations to hodl the thing, I don't even want to think about any of that. Im hoping there's some sort of amnesty at some point and we are allowed to sell without having to deliver all those details from ages ago which nobody has kept track of 100%.
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