Calling it WW3 is stupid and arrogant (USA and Iran are NOT the world), but a "new" conflict to "unite" the masses back home sounds pragmatically correct. Maybe he could be re-elected (or thinks so) from this?

They could make of Iran another Iraq, but the costs of a new invasion, can he justify it? Well provoke so then they "have to defend" (invading) sounds like it It'll do the trick...

Funny how a little executive order allowing a lone drone to fire, can actually easily overcome the Legislative branch. Congress is overrated.

You won't get accused of anything, the forum doesn't mind. Your signature campaign manager might, but here is the trick: EDIT your last message, just put a horizontal line [hr] at the end and add the new content.

You could also wait until someone else posts in the thread...

I don't think many threads of the same thing is a good idea.


And yes the issue of decoherence is one of the obstacles to quantum computing, this also happens with hard drive densities, the reason they are not higher capacity is because they have yet to overcome precisely this, and when they do capacities increase.

If we have discovered faster than light travel, we might have also discovered faster than light communications. Something like quantum entanglement.

Else, forget it. Even Mars would have to have their own blockchain/coin, even if they copy bitcoin identically, both would deviate too much from each other, and each will be dominant in their respective planets. We are talking 40min PINGs here.

But that is not the end of it. You will also have to fight TIME. Since you are talking vast distances, if i were to magically teleport you into, say Proxima Centauri (the closest Star beyond the SUN), even there your time will pass slightly different than our time.

I have no idea what effect that would have even with "instant" communications. I am aware there is a tiny bit of compensantion for GPS, since those satellites (believe it or not) live in their own relative time. But the difference is so small apparently there is no big deal adjusting it to a predetermined set.

Indeed things in orbit flow in a different time. Heck, even you in a plane are already in a different time, simply because the higher you (even when not "moving") you are actually moving faster than those below you (Earth rotates, remember? centrifuge). Earth is moving around the sun, at some speed. Our solar system is moving against center of the galaxy, galaxy against the center of the universe...

When speeds relative to each other change, so does the time. Einstein predicted this in the early 20eth century, and by the end of the century it was confirmed correct by Nasa etc.

This is a concept that the common human has a hard time beginning to grasp. How could Einstein predict it? In any case its true.

You are trusting your justice system now, good luck with that.

Life savings don't go into exchanges or online wallets. They go into cold wallets.

This time you are blaming authorities, but exchanges have failed and disappeared on their own in the past.

This is why you must never leave "savings" inside a wallet that is not yours, such as one belonging to an exchange. There have also been hacks, theft, etc. This is NOT new.

You should by default trust no one, not your gov, not a random exchange. A wallet in your possession is in your control, nobody can take it from you, especially if you hide it well. But this is giving your money to others.

I still see some people waiting for "any" compensation after losing all their money in Mt.Gox 6 years ago, they too trusted an exchange, and they too were wrong to do so, and that was in Japan with a "proper" justice system...

There is no way to sugar coat this, never put money in an exchange that you cannot afford to lose. Did you wanted to make some money trading? Then don't put ALL your eggs into a SINGLE basket. This is also basic investment advise: Diversify, even if it looks like the best investment ever, don't commit all to it, never.

It might be too late for you, but if anybody else is reading this, and has committed the same MISTAKE, correct it while you can.

Never forget, Mt.Gox used to be the most reputable exchange of its time, its position was equivalent to Binance today. Trust no one.

Nothing. The conquered doesn't get voting rights to oust the conqueror, and the UN etc won't go beyond diplomacy, some protesting, ambassadors recalled, maybe even more sanctions, nothing more.

Of course the conqueror has to pay the price for keeping the conquered land, that means sending troops, feed them, risk them etc. The usual. Logic says Iraq has nothing to do with USA, they should leave and let Iran do whatever they want (of course it was the USA that demolished Iraq's forces in the first place, paving the way for the iranians).

Then again Israel might want to have fun again if the Americans leave... Breathing space or something.

So does North Korea and i don't see any escalation there... For what reason Trump ordered the assassination of some random general but to provoke them even more? Maybe he needs more support back home. Hey just like what they say happens in North Korea all the time "to keep the masses united behind the great leader" isn't?

This is true. It doesn't matter what Satoshi's intentions were, fact is that its useful to us now, and this is reflected in the market price. If something is useful to you, you value it regardless of what it cost to produce. If the coin was useless people wouldn't wan't it. Turns out, it is useful for enough people that holds it that it gets that price you see in the free market.

Some people don't understand this. They don't believe in the free market, they want the State or someone else to decode what the thing should cost. This is of course an illusion, that builds pressure and eventually pops. A small group of people cannot replace the free market, its ability to produce information, real time and scale and adapt endlessly and simultaneously. Not even mighty computers can, even if some theories imply that AI may approximate it. You could think the free market is a sort of hive mind.

Any time the State or a private entity attempts to intervene this, it messes the flow of information and produce distortion that ultimately always ends in a worse result than leaving it alone. I mean things like "stable" coins or "self" imposed rules that should never belong into a coin (ie. who can and cannot use it, reverse transactions etc).

Its a coin. The gov can't touch it, the rich ones can't touch it, Satoshi can't touch it, all they can do is the same as everybody else, under the very same rules: Mine them (for a limited time), buy them, sell them, ignore them, their freedom. That's the beauty of it, and it's borderless too...

I didn't read the article, but if i were to base myself in your topic title, this would be a very interesting achievement.

As for breaking classic crypto goes, it probably does not change things much.

Entanglement, is a form of communication. Get a pair of atoms separate them, and when you move one, the other moves as well.

This could for example increase the speed within a cpu, since it wouldn't be limited by electrons "pushing" over wires. It could also ease cpu construction, but I'm not sure of the difficulty building quantum computers. Imagine before you had to have all your qbits connected by wire, but now you don't need to and the thing still works.

You don't need "another strong protection layer", because the current proposal would work the same. This is a good news (if true) for the advancement of quantum computing, but its only a very small step. It changes nothing regarding Bitcoin.

Well 50% isn't much, so it might occur. Even if it does, miners would still be earning less than the day before halving, if the price stays the same, they would earn exactly half, but if it increases 50%, they would be earning something like 75%.

Its a reasonable price to settle for, but anything could happen, temporarily that is.

So if price was assumed 7k (ignoring the latest uptrend) then 11.5k is 50% which sounds about right.

Well they are right to be angry because what you did was very wrong. Even I knew that December price went too high too quickly and was bound to correct. The higher and faster it went, the bigger of this possibility coming. Once past 15k or so, i was even telling people to hold on, and wait to see if things calm down. You did the opposite, so there.

If someone asks when is the time to buy, it would be about the same time the price has been boringly stable, actually when not many bother buying or selling. When everyone is buying, this is a red flag. Everyone selling is also another type of red flag, but bitcoin being what is is, you are unlikely to see that (bear) sentiment last long.

Currently bitcoin has long been near 7k, its not a bad time to buy some more. If it suddenly spikes you wait to see if it holds. If you are a trader you may even decide to sell and wait until it goes back down, but this is not always certain, so its your risk to take. But a holder doesn't need to worry about that. And if you bought high, such as 18k, you have to wait until it reaches that price again or even higher, before selling any of it. A true "bitcoiner" won't sell anyway, unless absolutely needed, so any price is good. You just missed the chance to buy more bitcoin for the same amount of fiat, and even mislead people into doing the same.

So next time price spikes and you see everyone and their cat buying, YOU shut up or tell them to wait. Doubt they will believe in you anymore, so keeping quite would be best.

Look at the WHOLE graphic, since inception in 2009 until today, bitcoin price is a logarithmic curve that starts almost vertical, rising in value very fast and very quickly in the beginning, gradually slowing down overtime until it approximates a horizontal line with little price increase over an even longer span of time.

Nonsense. Traditionally people would sell their assets to get into cheap stocks when they perceive a company is going up, and the opposite when they feel its overvalued and about to go down.

Tesla alone is not indicative of the market. It is probably a good investment when the time is right, that is a trader's thing to decide. How is a single car company related to Bitcoin?

If anything Musk was Paypal boy. Currently he has those companies, SpaceX, Tesla, Boring, etc, all thanks to the selling of Paypal.

Tesla and Bitcoin have no correlation, in-spite of Musk actually knowing bitcoin (and maybe even hoarding some).

Answer: NO.

The only way to get "free" bitcoin is to mine it, ironically this is not even mentioned in the article.

Even if you were to hunt every tiny little satoshi given away for free in those sites, a whole month would give you less than a single hour mining it.

And yes as time passes mining gives less and less bitcoin, most bitcoins that ever will have already been made.

PS: Currently you can only realistically mine it using a dedicated asic miner.

Actually this has been going for very long, and 2008 wasn't the first nor the last episode, for as long as the world continue with fractional reserve bank practices, bubbles will occur, and they will eventually pop and crash the market. Because of the so called credit expansion, which the dominant school of economy promotes; and of course this system can make banks go bankrupt, which would destroy the economy even more.

While it is said that Satoshi created this as response of 2008, i strongly believe this was made to solve a much more long standing problem. Even in the 2008 housing crisis hadn't occurred, some other would have. And there will be another, and another, since this has been going on for many decades, or even a century.

Besides the idea that eventually became Bitcoin was moving around before 2008, i guess maybe 2008 made it a perfect example of "why is it needed", as the next bubble that pops will again later.

Until the world drops the Chicago school of economy, and embrace the Austrian school, this isn't over. Since you already know this, you can protect yourself by using Bitcoin, but most people are ignorant of the reason WHY banks, fiat and their economies do what they do.

If you see someone that thinks banks should pay them interest for keeping their money, you know this person belongs to the vast majority that doesn't understand and are part of the current system.

If you have a coin that doesn't lose value overtime, the idea of needing a bank to preserve (some) of its purchasing power overtime becomes moot. And banks, on the other hand, should not be working with fractional reserve, which is an elaborate and legalized ponzi scheme where most of the money that moves this Chicago school based economy doesn't exist anywhere.

The central bank is a bank of banks, needed because single banks can go bankrupt easier than the bunch of banks in a country together. Traditionally it also manages the fiat coin. In any case it is not needed if banks go back to full reserve practices and a non inflationary coin is used in the economy. A central bank is not cause, it's consequence. Cause is fractional reserve and a debt based economy. To go into savings based economy, read the Austrian school economists.

No, de hecho ese billete es del bolívar fuerte (debo tener varios por ahí)...

El año pasado el bolívar soberano llegó a tener paridad con el satoshi, pero hoy necesitas 6 soberanos para comprar 1 satoshi.

Y 100000 fuertes hacen un soberano, como ese es de 100 fuertes, estamos hablando de 0,001 soberanos...

El bolívar fuerte apareció en el año 2008 (ese billete) en medio de un control de cambio rígido con una paridad contra el dólar fijada arbitrariamente por el estado Venezolano, en ese entonces era 2,15 fuertes por dólar. Ese fuerte reemplazo al anterior, y 1 fuerte (VEF) representaba 1000 de los anteriores (VEB), esos anteriores (Denominados simplemente bolívar) en 1983 4,3 compraban 1 dólar estadounidense.

El bolívar soberano apareció en el año 2018, como dije 100 mil fuertes hacen un soberano. A pesar de que en 2019 hubo una leve flexibilización en el control cambiario, ya veníamos con una tremenda inercia hiperinflacionaria (y una economía en serio declive, tras dos décadas de fuertes políticas intervencionistas). Al día de hoy 80000 soberanos compran 1 dólar estadounidense, lo cual equivale a 8000000000 bolívares fuertes, que equivalen a 8000000000000 bolívares.

Así que esos 100 bolívares fuertes solo alcanzarían (hoy) para comprar 0,00016 satoshis. Y si me preguntan mañana, les garantizo que comprará menos...

Funny someone found a creative use for my country's (no longer in use) banknotes...

Thanks to the magic of hyperinflation, the bolivar is long past 1:1 satoshi parity, right now, you need 6 bolivars to buy 1 satoshi. But yes i clearly remember a few months back when it actually was 1:1...

I have actually kept a sample of each of the old banknotes, thinking maybe one day the set will sell good

This particular note (before deface) wouldn't be accepted anymore anywhere anyway.

And since they (ICANN?) changed the rules, companies can now use their own names as suffix. They now allow domains that end in .apple or .boring whatever. It might be pointless to go after an specific suffix anymore. I bet, that they are very expensive.

What do you mean no explanation? Of course its explained:


To think "the Steves" formed that company, with money from selling "not exactly legal" devices that exploited the bad designed American telephone system... All hail Captain Crunch and the 2600Hz whistle! And yes, Apple was better when it was ran by those phreaks :3

Why BCH? Any sha256 asic miner can mine Bitcoin, or any other sha256 coin... Most Asic production is based in China anyway, so it depends in your import rules and taxes.

If you think the product is expensive to buy locally, go ahead and import it. And if you want to "intervene" the "unfair" local market, go ahead and resell there. The moment someone buys from you, a precedent is made in your local market. Perhaps more people will buy from you, or the others will lower the price or stop selling that.

A "vacuum cleaner" you can probably buy from China using Aliexpress or the like. But if you like an specific American product, it might be expensive. Speaking of those, i always liked the pure water "Rainbow" but this thing is actually overpriced and while functional clones exist they are hard to find.

Spend that money in bitcoin mining equipment, wait past ROI to produce the desired amount of bitcoin, at that point sell everything. Done (yeah its lengthy and tricky).

This is the way you can "still" use it without selling your identity yourself. Sure, if you purchase at, say, Bitmain, they know who you are and how many miners you bought, but i guess you can use a proxy person to do it for you. Then again, you could do the same with exchanges, and use many.

Or just hit Localbitcoins and keep doing small trades again and again and again...

I don't know anything about payment gateways, but once you have that in Bitcoin, and have moved it to your own wallet(s), you can keep moving it all you want unrestricted. All the obstacles comes when you hit fiat money. Once in Bitcoin, you are free.

If you are in luck, you may do it directly in this forum using escrow, somewhere in Marketplace, there are reputable people that still do it, i think.

Well it does exist in the sense that a game money exists: Because a central server says so. If you trust them, sure. I don't think the traders care about it, they buy it and sell it later, and can end with a little more money than when they started with.

I told you its "weird"... Could be a State Ponzi scheme for all i care...

This is no longer the case, the "official" rate is nearly on par with the "street" rate. But the State doesn't sell anything but Petros anymore so it is of little importance. There are people making money trading on Localbitcoins, especially people not living in the country, those make the volume. There are even foreigners that rent local bank accounts to try and get in the action.

There is however some weird stuff going on involving the Petro, which is also being traded in a similar fashion using a State exchange.

If you are "rich" (or foreigner), you can make money in Localbitcoins, because the price for small trades is so different to the large trades. You can buy "in bulk" then sell it back immediately "at detail" profiting in the process and gaining trades to brag on localbitcoins. You can also offer less money for small bitcoin amounts, and when consolidated sell the bulk at higher price.

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Services are so dirt chip you can almost write them as "free", yes including electricity. When you mine you don't earn USD, you earn whatever you are mining, and that you exchange in Localbitcoins or elsewhere for the little money you need to pay those services.

Unfortunately while cheap, those services tend to be unreliable, and 2019 has been the worst. 10 Years ago we rarely ever had blackouts, but in 2019 alone i think we have had more than a whole month of no power summing all events, and its much worse in the rest of the country, were some mining farms exist. That is because around 2017 the gov was inviting foreign miners to come here but at the same time some authorities abusing their power stole, extorted, kidnapped miners that did not have some sort of connection with "someone in power". The main infrastructure has been neglected during the last decades and its constantly breaking apart.