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2381  Economy / Service Discussion / Re: First mixer sanctioned by US authorities (blender.io) on: August 30, 2022, 11:44:45 AM
What the governments have proven many times is that if they want to put in the time / effort / money they can find tor sites and take them down.
So is chipmixer that good or are they just not going after them?

There is also the fact that at least 2 of the other services were actually saying, more or less not the exact words 'wash your dirty coins here' so there is that aspect too.
And..... it's a free service there is no charge. No different then asking a bank to give you 4 quarters for a dollar. Other others, if I am not mistaken were charging fees.

-Dave
2382  Economy / Reputation / Re: [Investigation] Possible account farming cheating bounty — Massive!!!. on: August 29, 2022, 03:14:29 PM
Garbage in -> Garbage out.
Looking at a random bunch of posts / tweets and other things from this farm they are IMO worthless to the project.
But, as with many of these tokens they are worthless in general and just exist to suck money from the people into the developers pockets.

So, if you don't want to do anything but scam, the only people who are going to help you are scammers.
Looking at it, how many people who are on this thread as of now would want to be associated with the projects these people are posting / tweeting / writing about?

-Dave

2383  Bitcoin / Bitcoin Discussion / Re: Justin Bons baseless criticisms on: August 29, 2022, 01:50:27 PM
There is a discussion here: https://bitcointalk.org/index.php?topic=1946144.msg60835743#msg60835743
About the fact that a the old versions of the client ( 0.8 )can still sync to today and versions older then that just need a very little / simple tweak to get to today.

Doing what JB wants would kill a decade of compatibility. And that is just bad. My old money still spends, the bank will still take old checks and so on.
Yes it's software so it's a bit different, but keeping compatibility and not just doing stuff to do it is important.

-Dave
2384  Bitcoin / Bitcoin Discussion / Re: Crypto Currency acceptance Everywhere on: August 29, 2022, 11:20:37 AM
The issue I really see is that most people are not running their businesses properly and if they took BTC / crypto would just use a gateway like BitPay / Conbase to flip it straight to fiat and then to their bank accounts. All it would do it churn the coins.

What we need are more larger institutions to take BTC and work down from there. If your landlord / power company / insurance company / whatever take BTC.
It would then work it's way down to the smaller businesses.

Just my view.

-Dave
2385  Bitcoin / Hardware / Re: When you buy a miner, what are you most concerned about? on: August 29, 2022, 11:11:38 AM
As a European Citizen I care the most about energy consumption, because this will be my main cost factor. It is not too important how much I pay in the first place for the miner since I will quickly have paid more money in power than the price reduction for a inefficient miner.
That's true. The electricity costs more than ever before Sad

Which does kind of loop back to my low power QUIET mining comment.
3 or 4TH at a couple of hundred watts to act as a small space heater.

10TH as a slightly larger space heater. You can still make them dead quiet if built properly with modern chips.

Bitmains R4 came out 6 years ago and did 8.5TH and 850W
What can you build today that will keep my office warm or the back bedroom of my condo without blowing out my ears?

-Dave
2386  Bitcoin / Press / Re: [2022-08-26] 72% of Russians say they have never bought Bitcoin: Survey on: August 29, 2022, 12:03:06 AM
So 1 in 4 Russians have bought BTC. Seems about right, with the sanctions going on for the last 6 months I can see more and more people needing to move funds in and out of the country. Surprised it is not more. At a *guess* if you had asked that question 7 months ago the number would have been a lot lower.

Makes you wonder how many people are into crypto because they have to be, not because the want to be.

-Dave
2387  Economy / Gambling / Re: Some Crazy Fun Facts About Casinos And Gambling You Might Not Know. on: August 28, 2022, 09:05:20 PM
I remember years ago learning that casinos have those bright ugly odd patterned carpets to keep us looking up and ahead. Towards the table games and slots.

Also, outside of the food court areas, in many casinos the restaurants are grouped in such a way that there are not 2 expensive or cheap or mid-priced restaurants near each other. If you don't like this mid priced one and want to take a look at the other it's across the casino floor. Never knew that till someone that I know who was the manager of one of the low priced ones raised some prices on some things because costs went up and just about had his head removed by the casino manager because his prices were now closer to the mid priced one....

-Dave
2388  Bitcoin / Development & Technical Discussion / Re: Can we validate all the blocks created till date with the first Satoshi client? on: August 28, 2022, 06:53:25 PM
Without BDB locks configuring, 0.3.20 gets to block 124,275, 0.4 and 0.4 to 258,354, and 0.6 and 0.7 to 364,670. With a high enough BDB locks settings, I was able to get 0.5 to tip after 2 weeks of syncing. I didn't try anything older all the way because I didn't have the patience to wait that long.
Good to see confirmation!  and indeed, it's a brutal wait.

I have seen people running newer clients on sub standard hardware / connections / configurations take that long and longer.
There are a few discussions about it. Along with the standard 'just because you can, does not mean you should' for some things.

But it is good to see that there is that much backward compatibility with this and that even years and years later it still works.

-Dave

2389  Bitcoin / Mining / Re: Will there be more efficient mining hardwares? on: August 28, 2022, 03:16:40 PM
Yes and no, I was thinking of a miner in a footprint like one of these that are used in data centers everywhere:

https://www.apc.com/us/en/product/AR3357/apc-netshelter-sx-server-rack-enclosure-48u-black-2258h-x-750w-x-1200d-mm/?parent-subcategory-id=88954

You feed the power in from the top or bottom depending on the cooling setup and if it's a raised floor or not and that's it.
For the most part you can get 2 or 3 phase or whatever you want. As I have said a few times before, there are a lot of empty data centers out there with power and cooling and so on. If you can just roll in the miner cabinet, roll out the empty server cabinet, wire it up and go it would seem like an easy sell.

I could just be missing something but it's a standard size / form that has been around for decades. Would think it would be a simple way to do it.

-Dave
2390  Bitcoin / Mining / Re: Will there be more efficient mining hardwares? on: August 28, 2022, 02:30:55 PM
More efficient and faster - yes there is still a slight amount improvement that is possible by using the 3nm node provided that Biitmain, Canaan, et al think it is worth the multi-millions of $$$ it would cost them to develop the chips for it.

Use less power (which = less heat) -- no. Miner manufacturers have zero incentive to make lower power miners as their biggest customer base
 - farms - are perfectly happy with ~3-5kw per miner. So, the makers will just pack more chips in the miners to hit that power usage point just they have always done.

I was actually wondering if they are going to go bigger and bigger for more industrial locations. 3 to 5 Kw is nice but if you could I would think larger is better.
1 mega-miner so to speak. Let it take up a full rack space or 2 and you drop in 100A 220V power at the top and be done kind of thing. It is in theory a single point of failure for a lot of hash-rate which would be bad. But on the other side, it is just 1 device instead of 10 to deal with.

-Dave
2391  Bitcoin / Bitcoin Discussion / Re: Bitcoin versus Banks on: August 28, 2022, 01:43:12 PM
I really don't see it as an US vs THEM.
I see it as an US+THEM = BETTER FOR BOTH
Banks and banking services and similar things will always be needed for some things in today's world.
However, BTC and crypto in general, for lack of better wording will keep them 'more honest'.

Perfect example is foreign exchange fees have been slowly decreasing over the last few years. Do you think that banks want to lower fees or is it beacuse there are now so many ways of sending funds all over the planet that they had to adapt?

-Dave
2392  Economy / Currency exchange / Re: Need 110$ PayPal f&f paying 110$ BTC or LTC on: August 27, 2022, 05:56:18 PM
Eliminating the risk part, the other issue with PayPal now for US people is the taxes.

PayPal is now forced to issue tax forms if you receive more then $600 a year in total. If you only get as F&F you can 'explain it away' as getting paid back for things. However, getting it as G&S there is no possibility of not paying taxes on it unless you have a way of writing it off.

Just saying....

-Dave
2393  Bitcoin / Development & Technical Discussion / Re: Can we validate all the blocks created till date with the first Satoshi client? on: August 27, 2022, 05:43:35 PM
...
A couple months ago I synced a totally stock 0.8 release binary from early 2013 all the way to the current tip, with no special configuration or anything-- it just worked (though very slowly).  This test lets you easily be absolutely confident that there have been no triggered hardforks in the last decade. (Latent hardforks, though, can only be found with careful code review-- certainly there have been no intentional ones since Satoshi, maybe never)

Testing older than 0.8 is harder because really old binaries don't work right on current systems and building the old code with a modern operating systems also doesn't work right.  Satoshi also made an incompatible P2P change in 0.2.10 with a time delay that didn't activate until 2012-ish, so any node older than that requires modification or a custom gateway to get connected to more modern nodes.  

Did you test older versions till you found one that worked or do you just know that they will not?

I'm not motivated to go install & update an old 32 bit OS just to run the old client but it would be an interesting experiment if you did not do it.

You are WAY more informed on this then me, but if 0.8 can sync, if I can can get it running from what I can see 0.6.3 should also, but it may not work properly on a modern OS. Eliminating the security implications running it on 32 bit Windows XP should work.

Just wondering, not that important.

-Dave
2394  Economy / Exchanges / Re: Bitcoin ATMs with no PhotoID in Australia on: August 27, 2022, 01:20:36 PM
One other thought for semi-anonymous purchases is a local BTC group.
There are a lot of small groups out there that even if they don't have regular meetings do meet enough that if you are not in a rush you can probably find someone to buy from for cash.

Not anonymous since it is F2F but it's a thought.

One of many sites for people to find people with similar interests
https://www.meetup.com/topics/bitcoin/

-Dave
2395  Bitcoin / Press / Re: [2022-08-25] Crypto ATM Firm Bitcoin Depot Strikes $885 Million SPAC Deal to Go on: August 27, 2022, 11:27:00 AM
"Bitcoin Depot has reached a deal with a special-purpose acquisition company that values the cryptocurrency ATM firm at roughly $885 million and would take it public, company officials said.

The merger comes during market downturns for cryptocurrencies and SPACs and is expected to test investor appetite for bitcoin ATMs, which some skeptics associate with crimes and high fees."
I couldn't read the whole content since it required having a membership, but from what I've gathered through other sources, I'm having mixed feelings about the whole situation... Considering that in the past year or two, certain governments have tried introducing tighter rules towards BTM operators and their users, this basically rubs salt into the wound [e.g. expanding their operations further at the expense of having less control and all of the privacy-related issues that might arise in the future].

But, it is going to let them get into a lot of locations that they could not previously due to the lack of funding / backing / capital.
There are many locations that due to regulations it's difficult to setup ATMs, and BATMs are included in that, because there are regulations that require certain amounts of financial backing and assets. So now they can get into those locations. Hardware, leases and everything else also cost money. And hopefully some customer support staff.

-Dave
2396  Bitcoin / Hardware / Re: When you buy a miner, what are you most concerned about? on: August 26, 2022, 08:40:34 PM
Going with what @MinerMEDIC said. I have fixed cost power so it's better for me to have a miner that will last forever, then the latest & fastest that dies after 18 months.
I have stuff running that if WAY past being able to generate any BTC if power was a concern.

Also, as a side note 110V power would be nice. Yes, I know the rest of the world uses 220 and building for the little bit that uses 110 is probably not worth it.
But not having stuff that can run on 110V or lower amps for the rest of the world does limit some small home / hobby miner sales.

-Dave

2397  Economy / Service Discussion / Re: Coinbase Faces Class Action Lawsuit Over Alleged Lapses in Security on: August 26, 2022, 06:19:12 PM
So if you put in a lot of tight security and people get themselves locked out they sue.
If you don't have enough security and people get hacked they sue..
If you add coins that people don't like they sue.
If you let people invest in something they don't understand and loose money they sue.

Got it.

-Dave
2398  Bitcoin / Development & Technical Discussion / Re: Hide the public keys on wallet.dat files on: August 26, 2022, 03:37:41 PM
There are a lot of ways to encrypt files at the OS level or if you want to (and you never should) store it someplace else you can always zip it and password protect that file.
However.....you then run the risk of what we see here again and again of people forgetting passwords and so on.

On the surface it's probably not a bad idea, but I don't think it's worth the programming time and potential pitfalls.

-Dave


2399  Economy / Economics / Re: Removal of $100 bills from circulation on: August 26, 2022, 02:28:35 PM

I went with the link to eBay which you provided, and there's nothing there except some paper garbage with Trump on it, that is not legal tender. But, indeed, there were large-denomination banknotes issued in the USA, you can see all of them following the link below:

https://en.wikipedia.org/wiki/Large_denominations_of_United_States_currency

And, yeah, you are right, today they cost much more than their denomination





As for removal of $100 bills from circulation, it will never happen. Not in our lifetime anyway.

Hmmm, this is what I get from the link:



Could be logged into ebay vs not or even location, but as we agree there is a nice trade in the bills.
Not knowing your age the 'not in our lifetimes' is a tough call.

More and more cash is going 'subprime' no rewards, no security, larger chance of loss.
Yes it's anonymous and private, but if I get paid from my job by check / direct deposit I can pull cash out and pay for things but I loose the cash back % of any credit card I use, the warranty extension that a lot of cards offer, the security of knowing that if I loose my card I am really not out any money and so on.

Thinking about it the last time I used / had a $100 [outside of a casino] was when someone bought my old motorcycle and even then it was mostly $20s with a couple of $100s thrown in.

-Dave
2400  Economy / Reputation / Re: User DigitalMonk - suspicious behavior! on: August 26, 2022, 02:07:51 PM
Just another poor guy who's bored on the internet, and hopes someone will use him as a middleman because it is "completely anonymous and secure".
He's on my Ignore list now.

There are quite a few people on my ignore list, but sometimes you just see the crap coming from some accounts and feel they need a tag. Some of it is probably based on my mood but I would like to think that having a few neg tags and a flag or 2 will stop someone from getting scammed by them. Can't hurt, the odds of posters like this ever going legit are small and if they do feedback can be changed and flag support can be withdrawn.

-Dave
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