South Korea never had a one-child policy on the same level as China, what they had was a campaign on having no more than two but which was not enforced at any level, it was promoted a lot but still, some had more than two children, it's nothing like China and the fall is far more linear, based more on economic and social development rather than penalties and government policies. From the link you've quoted:

It was just encouraging and promoting, and even without it would simply have delayed the inevitable, every single country is moving towards that except for parts of Africa, but that will change also in less than a decade and probably the shock will be even worse.



This thing is unavoidable and I don't think any crypto hub or whatever will change this if it would have worked California would have managed to avoid a halving in fertility rate since the '90 with all those tech hubs, but it ain't working at all.

Theoretically, in a completely free and decentralized system, this equilibrium should come by itself, right now, god knows where it is.


It's pretty easy, do you consider the block limit causing problems (Y/N),  if no it's obvious if Y then we have 3 choices:
- make more people go to LN, a thing which although the ideal solution is not happening so you would have to enforce it, which is bad
- ban certain transactions, which go against some principles
- raise block space gradually and witness the consequences, I don't think that a gradual 2x every two years would harm that many nodes.


It's a space and if we go to the extremes ram issue, as I said before an increase of 4x in block size assuming full blocks won't be that much, not if at the same time, we preach for the average Joe to buy a hardware wallet, to have his own airgap coin storing solutions, and to have a different device altogether other than his work laptop or smartphone when he deals with crypto.
What the difference between an already needed 1TB drive and a 2TB drive that would only become obsolete 4 years from now? I would say it's nothing to be scared of!

Anyhow let's see where this madness will go, normally the FOMO should die out but before it impacts the fees more than it has already but at the same time, short interval, we should be thankful for the mining pace increase (519 / 482.27 expected, 36.73 ahead), 36 blocks ahead of the normal schedule in 3 days that have eased considerably the mempool.

18 cents per kWh is a way to lose money for sure, you will never break even, it's barely profitable in cents a day compared to cost now, and with difficulty may be going up again I'm not sure even the most efficient miner will be able to mine and not be in red, and the S19XP Hyd is on preorder so you might get it when the difficulty is already 20% up if not more.

Even if we assume sky-high bitcoin prices in the future will make it profitable, at current rates it mines 0.00080579 BTC a day, you could simply spend those $8000 to buy 0.35 BTC now, more than the miner will bring you in 440 days without extra cost, so clearly it's way better to just buy the coins directly and not buy an overpriced piece of equipment that earns pennies and might break even before that.

OP, stick to buying bitcoins and be careful of cloud mining scams, don't fall those as you seek to enter mining.

There is also this post, made by me showing how the loan was paid. Basically by taking another two loans from different banks!


That's exactly what it means, people don't flee heaven unless they are chased from it, if more people leave a country that they come in it means simply that on average they don't find it a nice place to live there, and for sure not a nice place to grow your kids either.
Salvador -25k, United states +500k, Germany +300k  it's pretty obvious what people want and where they want to live.

No, it doesn't work like that, because we have the $ which drives everything round here right now!
If there are no users the blocks are empty and you can host the node on 5-year-old smartphone, but it's useless, right?
If there are no nodes but there are users miners who will see all those tx fees and will definitely spend $100 on another hard drive to have a chance of getting all that $BTC$.


Bruh! Sorry but at this point, it feels like you don't know what you want either. At one point you say that increasing the block will definitely make the fees go down but at the same time, it won't fix anything but it's also it's more good than bad. So, ....... which is it?

But leaving this aside, I really want to know why you're so focused on the cost for a bitcoin node but at the same time you have avoided twice in a row pointing to a number on the cost!
I don't get the logic here, it seems like the same people who see Bitcoin replacing all the global finances, trashing WU, Paypal, and destroying the USD will fail because of the cost of a 2TB SSD, you have to admit, just the thought of this is ridiculous. If a bunch of crypto kitties is making the network unusable then probably everything was just a wet dream from the start!

So your solution is to take your people from somewhere else so that other cities and the countryside suffers from the problem Busan was suffering prior.
This is not fixing something, this is just kicking the can, plus it's if those young newcomers will not start having kids you wouldn't have even patched this, in ten years wou;re going to have the same problem but with no more young population to attract from anywhere.


Both countries have a negative net migration rate (more people leaving than coming), so, how can you call this doing well?

If there is no average Joe using bitcoin there is no need for the average Joe o run a full node!
Can you give me a breakdown of the additional cost that the average Joe would have to pay over 10 years for an x4 increase in blocksize?
Because we already know the cost average Joe has to pay now to do a tx with the chance of being confirmed, that's 30 cents a day, so around 110$ a year!


No, it's the same.
You need Bitcoin to send bitcoins and you need fees to compete with others for the space in the block.
If one miner (like Luxor) decides to do something stupid and include zero fees transactions it doesn't matter, Luxor could have mined a zero tx block or a 1 tx block, this would be, again going to the car analogy like Shell letting you fill your tank for free.

If a mining pool decides to do something this stupid it will simply chase away its miners, and miners have different views on these issues than the average Joe, for example, miners don't like transactions accelerators, because if they accept lower fees tx it means less payout for the miners also. By the time the reward will drop further, nearing half of the revenue or even lower any mining farm and mining pool pulling out this nonsense will just go bankrupt.


I am curios about the miner who would pass a $5,731 (last block reward) and do this for every block, let's assume 4 times more since we increased the space, that's $20k, and in a scenario the miner has 5% of the hashrate, how about 7 blocks, so $140k a day loss. Would you do it?
Especially since right now $140k means the income of 2 Exahash of hashing power a day?  

You realize that all fiat currencies are used to just do this and are powering up a global trade worth nearly 30 trillion?
You're basically asking a question ignoring why Paypal, WU, or Visa exists in the first place!

Also, another hint, do go through the white paper of Bitcoin and Satoshi's post and find where the investment and profits and returns mentioned!


Please tell me this is some sort of huge auto-correct mistake or it contains so much sarcasm my detector broke!
If it's not this, and there are more thinking of this then god have mercy on us!

Sorry but I don't see how this works, it makes it easier to spam but it makes it far costlier to clog the network.
By the same logic if you shrink the block size by a factor of 4 you would make spamming more expensive, but how would that help the average joe?

Second, there is this myth that is also rolled over in the real life if you increase road size by 3 times you will just have 3 times more cars, I wonder what will happen if you increase the road 10x times, you will have people drive  5 cars at once?
The same thing is with block space, if we increase the space by x4 in order for the spammers to clog the network as they do now they will have to block at least 75% of the capacity with their spammy transactions, right now the fees are 25.58 BTC , for them to make the other 75% completely inaccessible for the users that are still sitting in the mempool now they would have to cough up at least 75 BTC, that's $1.7 mils and still let the transactions that are now being confirmed pass through.
With the current blocksize with $1.7 mills in BTC you could spam all day the current blocks with ~70sat/byte.
*rough calculation, so I might have got some wrong in the +/- 10% area.

Also, another thing, from a miner's point of view, I would rather have spamming and consolidating inputs at 1sat/b rather than have empty blocks, because they still pay for it and that goes to the miner's revenue. And more miner revenue, more secure the network will be!

First, we will congratulate each other for living at least 100 years because I was in middleschool when the US was supposed to default and it's most likely my kid will finish college without it happening.
Second, nobody is going to give a damn about the bitcoin price anymore, with all markets collapsing, trade going bust and countries switching from 3rd world to sixth world economies, there will be nothing left to invest in Bitcoin anymore, you can see the effects right now in the markets, inflation war and fears of recessions have pushed the price down not up, it's optimism that has fueled the last bull run which seems to come to a halt, so if by a miracle the US defaults bitcoin will be the last of the world worry and for sure not something people will rush the trillions that are no longer there into.

This would be a clear example of: be careful what you wish for!

So, OP, you're question is basically how to avoid tax and not get in trouble.

You're from Greece, which means the EU, you're also not selling till $50 000 and if we start from the presumption it will be quite a bit of money I would advise you to not try even a p2p deal in cahs in Greece and this is the same for everyone else, not try it in your home nation and not in your hometown.
Get a cheap flight, arrange for a p2p deal in Croatia, Romania, Bulgaria, Hungary, or whatever as close as possible because of costs, and meet there with multiple! again, multiple traders split the sums. Or you can try finding some ATMs that still have limits for like 500E till they require KYC and visit 10 of them a day, sending each transaction from a different address so they don't red flag it.

And, be careful what you do with the cash after!


It doesn't matter how you accumulated it, the tax will be based on what you choose FIFO or weighted average and what proof you have you have bought that amount at x price.
And no, it's still capital tax gains, it will be 15%.
So if you have proof you've bought coins at $1000 and you sell at $50 000 you will pay only for how much you sell 15% of the 49k difference.


The 45% is the tax plus health tax plus pension fund plus whatever else is there, right? Not just flat income (wage) tax?

significantly...
Instead of a $50 500GB a $150 2TB SSD that would be full in 8 years, 16GB of RAM you can buy at $50
Common, the increase would have been significant in 2009, not now!
And let's remember that automatically increasing block size won't mean we will have 4 times as many transactions instantly.

Now, the problem of security.
Bitcoins security is simple, if you reward miners enough you will have enough hashrate protection, valued at how much you pay for it, 100 Exahash or 100 Pethash are meaningless if you won't look at how easy it would be for an attacker to get ahold of that, back in 2013 a single S19 could have attacked the network, but there wasn't one available at that time for 2000$ 

So at any point, you would need to look at how much it would cost someone to attack it and at every single point this will be related to the reward, so the thing is that in order to keep the same level of protection the users would have to come up with the fees themselves. Right now, we have $21,621,853.65 in income in the last 24 hours and 821,913 active addresses, I choose active addresses because it's better than looking at the number of transactions, so that's 26$ per address used to keep the same level of protection without reward.
Would it work if the reward halves two times and the price is still at 20k? I would say no!

Solar panels produce electricity, but they don't reduce consumption!
A miner that is rated 3000W will consume 3kwh an hour no matter what you sue to feed it, solar panels, wind farms, diesel generators, or the grid.

I wish people would stop seeing this as a magic solution, it works for a normal house when you have limited consumption during the night when the sun isn't producing s*** and most of the activities during the day, but with mining is a 24/7 thing, you need batteries and you need a ton of them and you drain them each day killing them faster than anything, ever faster than electric cars. So no, not something magical but something with a ton of costs, unreliable, and without government subsidies just a waste of money in most cases.


So why not a cost breakdown?
6x250W panels won't be able to feed more than one s9 even at the full sun, so you will need roughly three times more in battery storage, that's 20KWh in batteries at least.
I'm really curious, how about a simulation of running an S19 at 3000W (let's simplify this) the investment and the returns?

How did that work in the last year?
You simply can't just issue some coin or label some metal as a hedge against inflation if the population doesn't see it as one!
We had inflation peaking in most of the Western world, the result? Drop after drop after drop, the only time we experienced finally a pump brining back prices to  2017! levels were when we finally had news that inflation is going down faster than expected.
So, how did that hedge fare for the last year or year on year? Really bad, because the same people who decided this have come to the conclusion that money is spent better elsewhere. You can't just have something in limited supply and declare it will be the proper tool to fight inflation if we go by that logic every crypto even all those bitcoin shitclones would do a great job, and we see they aren't.

I wish people will finally understand that you can't have them all, you can't have daily trading with high returns and not experience volatility and you can't have something in which year after year you wait and cheer for wall street funds or corporate investments not act just like the stock market does.

Impossible, OP started the topic on February the 9th, claiming the transaction deal was around one week old
On February 5th we had a bunch of blocks from 775142 to 775160 that were not full and confirmed even the lowest transactions at 1sat/kb so if it was sent a week go (February 2nd)  it's impossible for it to not have been already confirmed for four days prior to OP opening the topic.
Also:
So probably his friend checked the mempool and saw there are unconfirmed deposits to his address at all.

Newbies can't post images: Images in posts disabled for newbies
You can post once you reach junior rank or you pay for a copper membership
For a junior rank, you need 30 activity and 1 merit (I've awarded you one since you don't look like a spammer)

They have $67.04 billion in assets and $66.08 billion in liabilities, that is if we believe their numbers. So for that $66 billion, almost the entire sum is made out of assets that are supposedly backing the 1:1 USDT:$ value, it's not something they can invest to make more money and it shouldn't is used as such at all. Because if they do so, it's just playing with the user's funds and ending either like FTX or Luna, although that probably won't surprise anyone anymore.
But I have to admit, to see them getting without a scratch though last year and even making more money did come as a surprise.


Yeah, as the problem with those is that they are just on paper, vaporware with laser eyes, nothing more, you do realize two years have passed and nobody is talking about it because d'oh! there is nothing to talk about it and it was just another publicity stunt? I'm really getting bored of posting pictures with FSRU ships and showing everyone what's really happening there in terms of electricity, I feel like nobody cares about reality anymore.

My bad 
I mentioned you as an example besides The Sceptical Chymist because I saw your name while scrolling down on those huge images that seem to not end and I didn't realize that it was the name of the topic in which merits were sent not the sender:


So, can I have my one free summoning ticket back?   

Obviously!
If you have only two types of ice cream in the shop customers will for sure buy more of those brands than if you would have 100 different types.
The moment there are multiple coins in which to invest even if the majority would keep most of their investment tied to bitcoin they will still spend a few $ here and there on altcoins, so cutting down that supply would for sure drive more money into BTC

And there s another thing, some choose to invest in other tokens because they know that if they are lucky they will hit the jackpot, there is no way for BTC to get the same return as some of these tokens, for example, Shiba Inu went 46,000,000% in 2021, so some are thinking of selecting 100 coins, putting 1$ in one and if just one does the same they will earn far more than they could earn from BTC. At the same time, they could earn -100  , but that's another story. If those opportunities would not be there the 100$ would go to BTC or at least a part of it.

Don't and you could have not mentioned the account farming here at all when we're talking about old users and merit sources, and you obviously know it's not the case, is The Sceptical Chymist or fillippone or our beloved AI growing any kind of accounts here?
They are merit sources, they find a good post by someone, they realize this guy deserves more merit, they go through his history and spend a bunch of merits. Nothing special.