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2161  Economy / Economics / Re: Decentralised autonomous global government on: October 24, 2022, 06:04:05 PM
While it's hard to believe the old-style parties will give up the honey jar and allow decentralized transparent governance, I give OP what belongs to him: at least he's trying something.
After all, there's already a political party led by an AI in Denmark. It's a step forward. I don't know if it's towards something good or towards Skynet, but that's another story.

Does anyone know about serious articles, posts, research on this subject? Thought and ideas welcome too.

Sorry, I don't know, but I like your idea, keep it up!
2162  Economy / Economics / Re: Eu gas and electricity prices drop 80% to 2021 level, another apocalypse averted on: October 24, 2022, 05:57:15 PM
This is great news and I've managed to miss them. So thank you!

This is good for Bitcoin!  Grin
More fiat in your wallet can lead to more coins in your wallet.

Actually not so fast. The energy prices were subsidized anyway for most of us and the contracts' prices didn't change. Plus, since OPEC last meeting the petrol/gasoline prices are supposed to rise.
I also expect the groceries' prices won't go down this sharply - as you said, inflation is there.

But this means there is excess on the market. And more is better than less (oh, what a cheap philosophy).
This means that there are chances the inflation stops growing (no, it won't be reversed, still..) and heck, one can hope we may even get to avoid a recession.

Maybe I am too happy though. Let's see what's going to happen in the next days/weeks with that price, i.e. whether it'll stabilize and if so, at what levels.
Overall it's good for bitcoin, but maybe not on very short term though.
2163  Economy / Economics / Re: Russian University Vows to Build 7nm Chipmaking Tools on: October 24, 2022, 05:47:56 PM
So it seems russia is committing itself towards developing its own cutting edge semiconductor industry. They set a goal of developing 7 nanometer chip fabrication by the year 2028.

Through the whole history of products as far as I know it, Russia had big issues with miniaturization. Smartphones made in 2022 have 4 nm (flagship Exynos) to 6 nm (cheap-medium Snapdragon) technology chipsets.
Intel i7 generation 10+ are on 10 nm technology.

So Russia on 2028 going 7 nm sounds both incredible and probably deprecated by then.
Plus, who will do that? Since the war means a huge exodus of brains, especially after the calls for the mobilization.

No. They will have to either steal the technology and gears to produce it, either find somebody who will sell them those chips without asking too many questions. I guess that option two has better chances.

2164  Bitcoin / Press / Re: [2022-10-21] Global Recession May Last Until Near 2024 Bitcoin Halving-Elon Musk on: October 24, 2022, 02:17:10 PM
Agreed that it might only be his guess, however, it is a very realistic guess, I reckon. And also a very optimistic one

You don't seem convinced if it's an optimistic or realistic guess. Cheesy
I find it (overly) optimistic. Recovery after a war is never easy. And in this case the war is not even over. I fear that the recession may be longer this time than many expect.

I will tell about his tweet the same thing I usually say about this or that guy predicting bitcoin price: this kind of predictions have 0 value and they're usually biased. So you better look closely why "near 2024" was picked.
2165  Bitcoin / Bitcoin Discussion / Re: Almost 1/4 of Belgian employees are willing to receive crypto-salary on: October 24, 2022, 02:06:39 PM

First of all, 1/4 of those under 35 is not what your misleading title tells (also 22% is closer to 1/5 than to 1/4)
Second, as mk4 said from start, the number of questioned people does matter and I think that the number was small, hence the result is wildly inaccurate.
Then, it doesn't tell when was the study made and I find this also important. With every month passing we seem to be closer to a recession and in such cases people will no longer be eager to invest.
The crypto winter also tends to kill people's appetite for investments (which is wrong, but this is how psychology tends to work).
2166  Bitcoin / Bitcoin Discussion / Re: How Early Is It Now, For Those Who Missed Bitcoin In Its Early Days? on: October 24, 2022, 01:49:32 PM
This thought is based on an experience I had with my brother yesterday, he is just joining the space, he has some money which he wished to invest in crypto, I adviced him to buy bitcoin for now, but after looking at the current price of bitcoin and comparing it to some other altcoins, and also that his money can only afford him about BTC0.07, he refused and said he would rather invest in an altcoin that it's  price is still below a dollar

I had the same problem when I first heard of Bitcoin. And I wasted 1.5 years mostly with worthless altcoins.
I was lucky and the period I've wasted matched a bear market. But will your brother be this lucky? I doubt it. 1.5 years is already after next halving.

So you better convince him to DCA instead of wasting his money in coins that now worth 1$ and in 2 years they'll worth less than 1 cent. He doesn't have to buy 1BTC, nor 0.07BTC. He can start with even 0.007BTC or less; let him start much smaller until he gets comfortable with all this. Just make sure he doesn't waste too much with various exchanges' withdrawal fees (since it can be very disappointing at small amounts).
2167  Economy / Service Announcements / Re: Hong Kong-based cryptocurrency exchange Coinzh launches in Europe on: October 24, 2022, 01:10:20 PM
I don't know... an exchange nobody heard of, advertised by somebody who has negative feedback for posting link to fake wallet and some newbies.
I would be very careful with this. I don't say it's legit or not, but without some more reliable reviews I'd just stay with the known exchanges. Sorry.
2168  Economy / Speculation / Re: Bitcoin Rally Imminent, According To Analyst Who Predicted 2022 Crypto Crash on: October 24, 2022, 12:54:33 PM
Crypto twitter is expecting for months a bitcoin price rally "any day now". Yes, the numbers tell that - if this cycle (counted from halving to halving) is following the same type of "curve" as the previous ones did - the crypto winter is about to end. But this doesn't mean anything. The price can still go down (as well as up). The recovery may still not come as early as some expect (you can thank to the global recession).
I'll also add that while some read the charts and they're bullish, others read the same charts and they're bearish.

So if @woonomic is right, I'd be happy too. But don't count on that. Too much hopium hurts. Better wait, DCA and see. Hope for the best, but be prepared for the worse.
2169  Economy / Exchanges / Re: Japan to allow exchanges list coins under lessen rules on: October 24, 2022, 12:41:45 PM
I'm a bit surprised that the government of Japan has decided to open the gates to more issues, in exchange for profits:

  • Lure in crypto exchanges with relaxed listing rules [most exchanges charge for it] > More crypto exchanges acquiring licenses [more money for them]

Well, I suppose they do need more taxes, and fast. The JPY doesn't look great. (Still a surprising move, I won't deny that.)
I somewhat like the move, it could reverse the days the privacy coins got delisted from some major Asian exchanges, but on the other hand I fear they open the doors to all kind of shitcoins and scams.
2170  Bitcoin / Legal / Re: Cryptocurrency financial pyramids on: October 24, 2022, 12:12:07 PM
I do not follow all the scams, but in recent years there are really a lot of Internet scams in Russia.

Internet is still extending its reach. Even more, now there's the internet money that can be hidden easier.
People are less and less educated and fall easier to this kind of scams. And as long as it's a "flourishing business", the number can only rise. The law enforcement agencies are learning too, but probably one step behind.

Are there a lot of scams in your countries too?

I didn't follow them, but I expect they're plenty, although I'd expect people be a tad more reluctant throw their money into them. I don't know if my expectations are according to the reality, I don't know of reports to look for, but people are also more afraid of the tech money - from credit cards and internet banking to cryptocurrencies - (and the "businesses" that accept fiat in hand can be caught easier).



I will add something else. I think that comparing Russia in "flat" numbers with most of the countries is not a good math. Of course that smaller countries (i.e. most of the countries) will have less such problems.
What I mean is that maybe it would matter more to compare as % of total number of businesses, for example. Not that I would have numbers, but in case somebody has them, this could be a better comparison.
2171  Other / Off-topic / Re: Hackers exploit critical VMware flaw to drop ransomware & miners on: October 24, 2022, 10:17:41 AM
I did quick research and it looks like it's enterprise/company software. I doubt anyone use this software, unless it's used by company where they work.

I've used in the past some VMWare enterprise solution for working from home, but that was years ago and I don't remember whether it was Workspace ONE or not.
So it's reasonable to think that there may be bitcoiners affected by the exploit.

On the other hand, it was advised many times that one should keep at hand an app that shows how much CPU is being used and check that now and then, to avoid surprises.
Thanks for the info, OP.
2172  Economy / Gambling discussion / Re: A disheartening true life winning story on: October 24, 2022, 08:02:06 AM
Last week, I read a painful story from a local newspaper where a huge amount was legally won but the lottery company is refusing to pay.

It's not that uncommon that (especially in "low rank" countries) national lottery or other lottery companies do rigged games. Meaning that the winners are usually not so random, instead they're linked to certain businessmen or parties.
I would not be surprised it's also the case here. There was indeed a technical error: it was not their man the one winning.


Whether he can win or not this, it's hard to tell. They afford to do this kind of shenanigans exactly because they expect the law enforcement be weak and take the side of the money, not the side of the truth (which may or may not be true).
It's now up to this guy get good proof and it's up to the judge prove the law works in your country. Best of luck (and I mean it)!
2173  Economy / Reputation / Re: Reputation of DT members on: October 24, 2022, 07:53:33 AM
It's not the first time Murat is accused of doing shady things in bounty campaigns. But from accusation to being real there's still a big step.

I am not good in reading this kind of proof, but some can easily argue that one of the users may have been using that address by mistake or so.
kpcian has negative trust though for cheating signature campaigns. So maybe some of the known bounty cheater hunters can shed a light in this.

Murat is a member of DT2 who needs our serious attention in this forum. So that the administrator is not wrong in choosing DT members.

1. It's not the Admininstrator who chooses DT1, it's more complicated than that and it's based on who trust this guy (Admin can ban thought somebody from becoming DT1)
2. Murat is not DT1, it's DT2, and that comes from somebody in DT1 trusting him (in this case it's YOSHIE). And since YOSHIE is also one of the best in finding those scamming bounty campaigns I guess that he will take a look into those accusations better than I could.
2174  Other / Off-topic / Re: What about a smartphone keyboard on: October 24, 2022, 07:28:47 AM
I see smartphones even more unsafe than PC. And I use Windows PC!

And about hardware keyboard for the smartphone: I don't see why bother. Really. Instead of having that, why not simply using a hardware wallet? It is much safer and more convenient than any other option you can have for your smartphone.
Of course, picking the right hardware wallet is important. Of course, setting up correctly and safely that hardware wallet is even more important. But then one has the funds secure in a convenient manner.


PS. Even if one uses HW, he has to be careful when doing copy/paste. Clipboard malware can still exist, but a bit of carefulness fixes that.
2175  Bitcoin / Press / Re: [2022-10-24] Six armed men tried to steal Bitcoin inside Blocknance Bitcoin ATM on: October 24, 2022, 06:31:07 AM
The suspects fired several shots at one of the Bitcoin ATMs  , damaged totally the ATM

They probably asked the ATM to surrender, but probably the machine didn't understand that command Grin

We are in 2022 and some people think they  can steal bitcoin inside of  a bitcoin ATM.

Of course. Haven't you read the news? This is how the bitcoins looks like:





Any chance they were actually targeting the fiat that should be in the ATMs?


PS. You may want to add the source of the news.
2176  Economy / Speculation / Re: Will the Mt. Gox coins affect Bitcoin’s price in August? on: October 23, 2022, 05:52:02 PM
I wouldn’t say it’s a tiny fraction of BTC being distributed either. It’s nearly 20%, which is an insane amount of money still.

As fiat, yes, it's a huge amount of money. As bitcoin... 20% is not that great (still a loss).
Of course, since the vast majority of those receiving this money would have been spending or losing it by now, it's great for them. But, on the 1BTC=1BTC math, it's a small fraction. Not tiny, though, you're right on that.

I’m currently a believer that the BTC will be distributed next year, and once it has been distributed the final hurdle will be removed for the next bull run.

Yep, that's what I also expect: sometime after the crypto winter. Ideal would be the bull run, but I can't expect them to stall it for so long. Next year sounds about right.

Perhaps when the news surface again, we might see the same FUD in November/December. Specially if during that time the price goes on another nose-dived and hit lower lows. And so there could still be manipulation from behind using the old and recycle Mt Gox coins.

That would be unsurprising. As long as that money is not (completely!) distributed, some will use that as a scarecrow in uncertain times.
2177  Bitcoin / Bitcoin Discussion / Re: Would Bitcoin Survive A Nuclear War? on: October 23, 2022, 04:03:14 PM
Thanks for one of the few literate answers. Everything that is written here about the need for fiat money during a nuclear war, and so on, only speaks of how far people are and really do not understand the danger facing our world and lack of education. What the hell bitcoins, if there is a nuclear explosion, billions will die.

Well, the fact people still go for so many shitcoins and ponzi sites shows the (low) level of education already. We don't have to go for higher topics, like the effects of nuclear bombs.
But I think that Obito's answer is incorrect. The size, type, quantity, technology .. all that would matter. Keep in mind that there were the bombs at the end of WW2, there were many tests, there was the accident of Chernobyl and although I don't deny that there were a lot of loses that should have been easily avoided if humans would have been smarter, the humanity has survived.
Of course that in the calamity zone we cannot discuss about bitcoin. There would be no infrastructure, but more important (and sadly), no living humans to use that.
So it's good to see what people understand by nuclear war. 1-2 nukes or all hell breaking loose. Of course, in the second scenario there may remain no advanced creature left on Earth.

But I see on the news that in the event of a nuclear attack, people are offered to stay at home, take off their outerwear if they come from the street, watch the news, and so on.

Well, since they cannot outrun the first wave of radiation, panicking wouldn't do much good, isn't it?
Of course, those smart enough and lucky enough to be far enough from the blast should move farther. This would be the survival of the smarter and more fit (a combination opposed to "the fittest" Darwin teaches).

And yes, they are still handing out iodine tablets. God, what nonsense.

Many don't even understand that after a certain age those tablets may do more bad than good.
2178  Bitcoin / Armory / Re: BOUGHT BTC BUT ITS NOT SHOWING UP IN MY ARMORY WALLET on: October 23, 2022, 03:27:48 PM
Can somebody help me pls??

People tried to help, but ended up asking more questions.
So instead of opening this new topic you should have been returning to the old one: https://bitcointalk.org/index.php?topic=5417452
2179  Bitcoin / Bitcoin Discussion / Re: How accurate is the BTC RAINBOW chart? on: October 23, 2022, 03:06:22 PM
What do we think?

I don't know what you think, but you sure ask a lot of questions...
Like anything predicting the future, it's "accuracy" depends on what people want to believe. It's far from being scientifically accurate and actually at least once the price was already out of the range. Actually current situation is also a bit out of the rainbow's expected price range.

One can safely assume that we are in an accumulation phase for the next 2 years now?

No. Never assume anything.

Or can we expect some action in the next 2 years?

Because of the halving, some price action is to be expected. But whether it will indeed happen, no one can tell.

Was the mid 2019 a mini bull run?

I'd say that some will tell in a way and others in another way. So .. call it as you prefer.

Currently price is just peeking out the bottom of the "Fire Sale" blue band, is this gearing up for a mini run like in mid 2019?

I surely hope so, but since I have no crystal ball... I can't tell.
2180  Economy / Speculation / Re: Will the Mt. Gox coins affect Bitcoin’s price in August? on: October 23, 2022, 11:08:59 AM
So far, I don't believe that Mt.gox is willing to give back that bitcoin, that's a huge amount compared to 7 years ago.

They probably no longer have that choice. It's about law now.
Just, if they are smart enough and can stall it a little more so we're back in a bull market, the amounts given back, although a tiny fraction of the initial bitcoins, will still be big money as fiat.


However, I somehow see all these "Mt.Gox money will flood the market" news mostly in times of uncertainty, hence it's imho more about manipulating the market than actually something happening on Mt.Gox story.
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