rolling back is not an option.. but enforcing validation rules is. close the loopholes that allow data unchecked to be relayed. if your node doesnt understand data then its either the data is bad or your node is out of date. one of the other.
by having rules, whereby changes require consensus majority is network security. the solution to the byzantine generals problem was a feature not a hindrance
we need to be getting back to a point/mindset about caring about leanness, byte utility and ensuring junk just doesnt happen. the open gate policy of letting anything in unchecked needs to be changed. where new stuff only begins when the network is ready.. and where the network is ready when the network participants have reviewed and scrutinised the code to ensure the new feature wont have consequences
there are many many ways to implement changes. we just have to get the core authority to temper down their centralist mindset and actually care about the decentralised network more than their sponsors needs
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Today the high cost was $4-5, with fees being around 100 sats byte.
lean tx 226bytes *100sat per byte = 22600sat leanest Tx=$8 $8 is the low cost, most transactions are not lean
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Currently as we speak, bitcoin's blockchain is clogged by transactions because ORDI a shitcoin related to so called "inscriptions" creating NFT like things on-chain for bitcoin.
Are we to forget how the blocksize wars took place circa 2015 because some developers thought everything above 1MB for blocks was too much decentralization? Bitcoin lost many developers and fans due to this debacle and was set back quite a bit. We now have 4MB blocks with SegWit and a literal shitcoin riding on-chain and clogging our blocks.
This trash being inscribed on chain is going to be worthless tokens in just a few months. I can't fathom that we're standing idly by watching this all unfold. Please let's all agree that it's time to end ordinals.
firstly its not even an NFT its a junk bit of data with no protected proof of transfer element secondly its not even a shitcoin its a junk bit of data with no protected proof of transfer element thirdly its not even a token its a junk bit of data with no protected proof of transfer element anyways we need to go back to the development mindset that transactions should be lean, where every byte counts. and where each byte has a purpose and is validated to have meaningful use inside a transaction. non of this crap "isvalid" check bypass that allows any junk in without reason new opcodes should only activate when the network is ready to scrutinise the content put after a opcode. as thats how secure networks operate. if an old node doesnt understand the data, then it become stalled at the last block it did understand. requiring upgrade to be a full node. again where new version nodes only activate/accept it when there is a network majority tolerance of validating new things. these bypass trick crap is just trojan horse crap. i still laugh when they promised "taproot will only be 1 signature length" yet its used to have 3.99mb of non signature junk instead
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im currently reading into the blackrock/JP morgan deal being done to INVEST in reconstructing ukraine.. seems its the americans wanting a land grab, not the russians
Do you really not understand the difference between capture/occupation and investment? do you not understand international politics at all a decade ago UN/EU said no to ukraine joining the EU/nato purely because of the eastern region. saying if ukraine parcelled off the land as a independent state then central/western ukraine can be fast tracked into EU/nato. do you not understand that compensating or doing charity to all the displaced people keeps them from coming back to claim the land. and instead whomever takes the land can sell it off to new people for profit. its been done in africa, middle east and many places.. most wars are just a land grab/displacement to change ownership, not a cultural intolerance of neighbouring states take the Gaza area.. media promote thats its a religious war. in realily its a land ownership dispute
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CBDCs do not differ much from the current monetary system, as they are money issued by central banks and have the same value and acceptability of payments, just as happens with cash, but in digital form, which reduces the fees and costs of printing and securing cash and is easier to distribute instead of the need to resort to banks and commercial finance to deliver money to citizens. The Swiss National Bank is not the first central bank to think about this, but some banks have reached the experimental stage before launching the service, but I think it will be worse due to excessive centralization, lack of privacy and the possibility of easily freezing all your money and preventing you from spending it.
CBDC will make visa/mastercard redundant as would be ATM's and physical bank branches CBDC wont remove payment services like chase, paypal, venmo and other banks. they will all be app based yes i said it people are not signing up to a government app. they still sign up to commercial payment services apps. commercial services still do the monitoring and data collection and send only the juicy/suspicious detail to authorities. however yes policies and regulations can let private businesses share data
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so in the 18-25 category it actually turns out to be more like 0% housing 10% bills 90% food/disposable income
Regarding what Sir Franky1 said here too, it's very correct. At a younger age, like 18-25, our responsibilities are very low because by then we are still under the care of parents; they provide shelter, clothing, and even feeding. If we are opportune to start working part time and making some money, the money could be going mostly for saving our investment. in hindsight everyone looks back at early adult spending habits, we all wish we were less reckless and used that era of parents shelter to accumulate wealth. but we were all young and foolish and not thinking of the future. .. i personally think the most financially stable era is the 50yo+ stage. this is when most mortgages of 20-25year are paid off.. when your kids have reached 20-25 and flew the nest. and so your costs and dependants have decreased and you have had 30 years of work promotions/py increases under your belt. where finally you can just concentrate on you and the wife instead of kids, mortgages and school costs.
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Yes, the high transaction fees on the Bitcoin network are likely due to the listing of Ordinals (ORDI) on Binance. Ordinals is a new protocol that allows NFTs to be inscribed on the Bitcoin blockchain.
not a new protocol. and not allowing NFT its junk data with no true protocol level proof of transfer. just a lame "suggestion" that transfers happen to a particular output but nothing in data or protocol protects it immutably.. not only is their sat count/position done in error.. but also they can, without changing the blockchain data change the ordering/count methodology in a software update and thus change suggested ownership taint path of previous suggested ownerships.. thus a complete scam images(junk data meme) and json (junk text) oversold to the creator by the creator to set a fictitious high price for himself(no cost to him if he both buyer and seller) on the market.. hoping a naive idiot will then buy a few sats output suggested as owning meme/text (but not the junk data meme/text itself) thinking they own the junk data several taints back dont believe the BS of ordinals. its idiots scamming idiots. something putting bitcoins name to shame
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alot of people would have spent that $1400 (in 1st world countries) on wasteful things like a meaningless sofa/TV.
you managed to wisely use the profits to spend on an experience of a lifetime, not just for you but family and friends that will remember the occasion for years to come.
well done and congratulations. many times a wealth of happy memories is worth more than the cash equivalent. stay happy, enjoy your future
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I worked for this company for from July, 2014 to October 2017 when I left the company to start up my won business, so, I worked with this company for 3 years plus. When I left the company, my pension balance was around 99,000 Nigerian naira (which is equivalent to approximately $99 using today's NGN/USD exchange rate).
october 2017 btc was worth $4k/btc if you converted your pension of $99 to btc on that date you would have 0.02475 which today ($34.8k/btc) = $862 which yes is better then the current balance your pension has of $115 as for "millionaire". well thats a bit of a dream buzzword.. id probably guess maybe $50k by now.. not millionaire status// lets play it out i know the dream would have been to become a millionaire by trading at the exact moments of best opportunity by taking that october 2017 0.02475: sell at december 2017 ATH ($20k/btc) to get $495 wait for december 2018 correction low ($3.4k/btc) $495= 0.14558823 sell at june 2019 high ($12k/btc) to get $1747 wait for march 2020 correction low ($5.2k/btc) $1747= 0.33596153 sell at november 2021 ATH ($69k/btc) to get $23,181 wait for december 2022 correction low ($17k/btc) $23181= 1.36358823 which today (at $34.8k/btc) would be $47,452 yes it seems like you would be (in nigerian lifestyle value 'rich') but thats a dream no one can achieve to play the markets that precisely dont be so hard on yourself that you are only sitting on a nest egg of $115 instead of $862 or $47452 no one and i mean this no one has had a best case event of perfect investment.. EVERYONE could in hindsight seen there was more opportunity they could have taken to maximise investment more.. emphasis no one can predict perfect conditions and everyone could have done better if they had a time machine
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Most of the members of the European Union have a single currency called the Euro, and for years there have been plans by the ECB for a digital euro, in addition to which they mention restrictions up to a maximum of 300 digital euros per person. There's no big deal wherever it happens, because what's the difference when you pay with a bank card or use a CBDC app?
Central bank digital currencies are one of the most misunderstood things and have absolutely nothing to do with Bitcoin and will not bring about any kind of financial revolution. Sweden does not have a CBDC, but it is a country where 98% of all payments are made digitally.
yep CBDC are mis understood. thats why its best people do their research. firstly CBDC are not a single host server at central bank. but a ledger shared with commercial banks too. the central bank mint/pre-mine a currency and distribute it as reserves with commercial banks. (Pos/multisig ledger) the commercial banks then serve their customers 'a layer' beneath this where the commercial banks hoard customer data. not central bank. the commercial banks also have different 'account' ratings. where a base level account has a max saving/spend limit without KYC of small amount(like $300 per payment) but to do more value customers need to upgrade to a superier account offering more value facility but will require KYC this base account, think of it like a virtual visa/giftcard account for small purchases. where as those wanting to pay actual larger amounts need a proper registered account there are different levels of account needing different levels of KYC requirement
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and the most insane part of the OP the euro has not even been in existence for 80 years**
everytime someone makes a deposit from cash to balance. that cash is burned.. when people make a withdrawal. it uses fresh crisp printed bank notes
not all "money printing" is new money(inflation) but just refreshing greasy dirty used bank notes that got destroyed when converting to bank balance, then back to cash at withdrawal 1:1
as for the amount 500quadrillion PRINTED.. that seem a silly number the OP plucked out of his head. even spread over 80 years(not possible**) that still 6.25quadrillion PRINTED a year.. sorry but that number is far far more then the money in circulation
(**euro is only 24 years old meaning 20.83quadillion per year)
pretending that 6250trillion(20,833trillion) is PRINTED each year when the circulation(m1) is only 10 trillion.. shows the OP is out by thousand x multiple
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im currently reading into the blackrock/JP morgan deal being done to INVEST in reconstructing ukraine.. seems its the americans wanting a land grab, not the russians
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invest what you wont need in the short term, play the long game
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years ago the quickest way i convinced people was to order pizza/fast food with it. and while answering questions the food would arrive, they soon realised it was an accepted currency, then they got more interested in knowing the techno-speak stuff
these days the quickest way is to tell them about established institutions like blackrock. and how they have invested billions into bitcoin with all their projects and services. just show them their application to offer ETF shares rated in stored bitcoin. explain how blackrock spent years looking into the technicals and seen its a valid asset
Do you think it was easier back then to convince a pizza or fast food guy because they saw you paying in Bitcoin every time and one day wondered how in the heck are you purchasing so many things with it? They do appear to get more interested if they see a real event occurring. If they see some body paying with Bitcoin for instance. Other wise, Bitcoin is just another subject for discussion to most of them it seems. I find difficulty attempting to convince those around me today. Even if I tell them established institutions are riding the Bitcoin wave as well. The skepticism is still the air and it does not seem to get a lot better than it used to be. It could be us explaining and having much different capacities of explaining and convincing too of course. Country of origin as well. Different experiences. Different cultures. people years ago thought it was not real money(2012-2015). so showing them that you can buy things with it is an easy convincer. so showing someone spending bitcoin = pizza delivery was the easiest(of many ways). back then it was easier to get merchant adoption. i personally convinced many merchants to start accepting it. but the thing that has become annoying to them merchants in more recent years is the $1+ tx fee having a customer pay $1 tx fee. then the merchant has to pay another fee to move or spend. makes merchants think its not a good idea(for money) compared to fiat.. so i stopped the merchant adoption game. too much resistance/headache for little productivity.. yes there are subnetworks promoting cheap fees. but those have so many bugs and flaws and bottlenecks they too are not secure or fit for purpose to promote as the other means to expose merchants to.. (new subnetworks need to be build from fresh learning from old subnetworks mistakes) these days bitcoin has transitioned from being money to being asset (from spending to investing) so you have to show the well known institutions that not only sing bitcoin praise. but also are really involved in it. not just investing in the coin. but setting up services and getting their lawyers to apply to the regulators to show its not just a fad but something serious so right now bitcoin is settling into the realm of utility as an investment vessel of peoples store of wealth.. the whole misinformation game other play in promotions of old subnetworks as solutions was something i had to unravel and reveal as a plot to get people to leave bitcoin. the "bitcoin NFT" meme ordinal junk was another one. making sure contacts i knew didnt fall for those crap schemes, and so far they are listening to stick with actual bitcoin hoarding and avoiding the silly games pretending to be bitcoin next gen things
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you dont need to bombard them in techno-speak straight away
years ago the quickest way i convinced people was to order pizza/fast food with it. and while answering questions the food would arrive, they soon realised it was an accepted currency, then they got more interested in knowing the techno-speak stuff
these days the quickest way is to tell them about established institutions like blackrock. and how they have invested billions into bitcoin with all their projects and services. just show them their application to offer ETF shares rated in stored bitcoin. explain how blackrock spent years looking into the technicals and seen its a valid asset
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the reason for bitcoins MARKET PRICE volatility speculation is due to electric
did you know in slavic countries people can effectively mine for 4cents/kw. where as island countries like hawaii/japan it can be as much as 50cents/kw calculating in the hardware costs show correlations between ATL and ATH period windows testing those boundaries
this range allows for a market window of speculation.. island countries will happily buy bitcoin right upto the ATH because its still cheaper to buy on the market at ATH than to self mine.. and the ATH peaks at the point where its no longer feasible for even the expensive miners to buy on the market. (demand stops)
however there is another number the "underlying value" support. this is the baseline no one wants to sell below. its the lowest cost on the planet to acquire bitcoin. and when it reaches this point no one wants to sell
as energy prices increase even at the most efficient mining farms on the planet. this helps increase the underlying value support line(below market rate) which supports the market from going below that amount
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dollar is not advertised but businesses using the dollar are.. those businesses advertise themselves gold is not advertised but businesses using gold are.. those businesses advertise themselves
bitcoin doesnt advertise itself, but businesses using bitcoin do advertise themselves
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a. you brought pre-used on amazon. first mistake b. contact the seller
its only a day old. get a refund, not fit for purpose
usually not best to be unscrewing the chassis of something you just bought, just return it if returning it is not an option.. well
sometimes due to shipping a sender would put packing foam inside a device to reduce moving/shaking in transport. (foolish but they do it) so open it up and see if u can see or smell anything that burned out
be warned opening it up voids most returns policy so only mess around if returning is not an option
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two state system will never work there is no "proof" someone needs to give about their religion. meaning a jewish person can simply not reveal he is jewish, buy land in the muslim state and then get family to buy more property and then boom reveal they are jewish a muslim person can simply not reveal he is muslim, buy land in the jewish state and then get family to buy more property and then boom reveal they are muslim
trying to create a divide produces racism/intolerance/hatred.. people need to learn how to co-exist
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lot of people just read parts of it.. they ignore the responsibility part aka "freely without infringing on the rights of others or spreading false propaganda and hatred."
meaning speak your mind but if your words harm/command/offend others, expect them to fight/argue back or perform some legal action against you.
inshort. you can claim your pronouns are "helicopter, chopper, swirly whirly bird" but you cant force me to call you it being male but saying your a female does not give you the right to perve on women in public toilets/showers
everyone has the natural ability to wiggle their jaw and tongue to make sounds. but there are consequences to someones actions too
no one can say you cannot pretend that you are a tree(if that is your kink). but if one of your branches(limbs) hurts someone. or you show your nuts/low hanging fruits.. expect repercussions and yes expect people to express their belief that your insane
my personal opinion the over extended media promotion of rights while not highlighting the responsibility is just a game media play to cause infighting and separation between a population.
be free to speak and express yourself. but just think, are you really expressing your real self. or just copying some social trend you seen. which if you spent a minute thinking for yourself, realise these skits, reels, trends and political slogans are insane and made dramatic in the first place
... its much like gun law. "free to bear arms" yet people are free to defend themselves against someone bearing arms. so whilst you think your free to wave a gun around, someone else is free to shoot/arrest you for threatening them with a weapon
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