Yes, i have also been using Libreoffice for years, but this is a fundamental problem with all "subscription based" services, they are centralized. I think the next scandals might come from streaming services. Gaming networks have already been compromised (ie. Sony's). And is the very reason KYC is so dangerous. Data identity theft is only increasing and the more we are forced to trust our credentials to third parties, the more we give to those who steal it.

This is the fundamental problem with government "controls", the almighty police state is also the very source of the problem. And so are the corporations that do the same "in the name of security", end causing the opposite.

Years ago i couldn't believe people actually accepted the idea of "software subscription", and here we are, looking how this mess unfolds.

Worst thing is, this won't the last one.

The price of Bitcoin, cannot be determined by the law of any country. Everyone participates in the market the same, some have more power because they are richer, but they are limited in price manipulation. Especially with Bitcoin, even large superpowers can't do much about it, not even wallstreet.

If America leaves, Bitcoin would work fine. If China leaves, Bitcoin would work fine. Price would fluctuate, but would fundamentally go back to the same it has been doing in the past decade. If you try to force a price to deviate it from its natural place, you will end bankrupt, no matter who you are.

The thing is, Bitcoin is deflationary, and none of the economies in the world today operate within its principles. You think you can get in debt and attempt a take over, but that would backfire horrendously. America could easily crash if it ever tried a stunt like that, so they won't.

No country will mess with Bitcoin, not even a coalition of countries, they will leave it alone and observe, maybe even learn from it. Some may badmouth it on the outside, but they are carefully evaluating it in the inside. And time is in Bitcoin favor, every day that passes, is a testimony of its success.

Yes, and i would say it is easier to mine faster than crack keys. How fast i don't know, but maybe its a bit slower than "2 mins the reminder of coins". Until the diff adjusts they will be able to mine quite fast, but if they don't finish before the next diff adjust, i'm sure the diff will go "moon" and slow them down to 10 mins again

Suffice to say, this would kick out everyone else from mining, at least everyone doing it for profit... I can imagine someone in control of such computer to attempt and mine some bitcoin just for fun, but they need to code their miner first. The current quantum computers are still too primitive to worry, but in a few decades they might be able to mine bitcoin just fine. I guess that is yet another nail in the mining for profit coffin... Actually, some software for quantum computers has been written but it is theoretical, as the computers that would run them don't exist yet...

For this there is no solution but to change the algorithm. I doubt that will happen, it is the same argument to the "why not change the algo to be asic resistant?" I guess quantum computers will put an end to asic mining. I doubt that will be very profitable to justify some mad whale investing in building a quantum computer for that reason. But i can imagine someone operating an institutional one giving it a try "for testing".

I don't know about Iran, but Venezuela definitively does NOT use Bitcoin as "primary currency". Very few people here know about Bitcoin, and some use it to escape hyperinflation, but it is very rarely accepted directly as a means of payment. You would have to be very lucky the merchant knows Bitcoin and is already knowledgeable enough to accept it instead of USD.

I don't know where you keep getting this impression, but i can tell you it is not true at all.

At the same time the government has been trying to promote the use of their centralized Dash fork, with very little success...

Zimbabwe, as far as i know, also went to the USD when their previous coin collapsed. As much as we want worldwide adoption, you have to look at the facts first.

The IMF operates under the Chicago school of economy, which fears deflation and promotes people (and nations) getting in debt to "solve" their problems "quick" and then spend the rest of their lives paying their eternal debt (often in misery).

There is no way Chicago school will ever accept Bitcoin, and this is the dominant school of economy ruling the world today.

If you break with the Chicago school teachings, and switch to the Austrian school ideas, a future becomes clear. The IMF and the World Bank cannot stay quiet while everything that made their reason of existence crumbles away.

If you get rid of fractional reserve banking and go with full reserve, you don't need a central bank. If you don't need a central bank, you also don't need a world bank. All of them exist to sustain the legalized ponzi scheme known as fractional reserve, because they themselves operate with such.

If your money keeps its purchasing power over time, or even increases it, there is no reason not to keep it (yourself) for as long as you can, and only spend whats needed. The opposite to consumerism...

No, it is not bitcoin that is dangerous to global financial stability, it is the fact that people will discover the truth behind fractional reserve banking. This is made easier when a deflationary coin exists, as before everyone remained intoxicated with the fantasy of State manipulated fiat.

Why risk your money in banks that can go bankrupt, when it can be preserved safely in a cold wallet for decades? Why risk your savings with money that can be made worthless by an executive decision overnight, when you can exchange it for a deflationary coin that will keep its purchasing power and even increase it, thanks to its design in code that cannot be changed on a whim for any reason whatsoever (unlike what politicians can do to national currencies).

What the economists of the school of Chicago, who happen to be in charge of these institutions fear most, is that people are finally learning about that other school they themselves rejected for a century or more, because under Austrian school, growth is slower (but steadier). Chicago is more about fast and fragile, endless growth / shrink cycles.

Remember how learning economy was something only for economists? What with internet knowledge gets spread this is coming to an end.

It only takes the voluntary decision for 10% of the money in the planet to be withdraw from banks at the same time, to make the whole thing collapse and crash, exactly like a MLM scheme would, because that's what modern banks doing fractional reserve are.

While this truth is unrelated to Bitcoin, Bitcoin provides an effective escape route, for those few that learn about it in time and manage to seek refuge there before the whole thing collapses. Once the collapse is imminent, it will be too late. Only now (when it appears unnecessary) you can do it.

If the world does this, all fiat coins will plummet and the apparent price of bitcoin will go moon. In reality, bitcoin remains to more or less the same value, it is the fiats that are collectively failing. Well you can instead compare its purchasing power, ie. "how many cans of tuna can this amount buy". Those of us who have lived under hyperinflation, have been forced to do so.

I think those living in "perfect" fiat societies (ie. USD and EUR) are potentially the countries that will suffer the most, because it will take them by surprise. Always expecting their almighty State and economists to save them... Oh, why bail out the banks and not the people? Because if they don't, their scheme collapses...

If in doubt diversify. I would also go for bitcoin, but diversifying your portfolio is always the wisest thing, just in case...

I don't know how big the "next recession" will be, but i know that at some point humanity will learn about fractional reserve banking, which will prompt its quickly demise, and the end of the hegemony of the Chicago school of economy, which in turn will traumatize all world economies based on it. Yes, those that fear deflation, such as the one brought by bitcoin.

Once the Austrian school of economy ideas start being put in use, bubbles will disappear entirely and there won't be no more traumatic events beyond moderate and healthy market based fluctuation. When you have a rock solid savings based economy, there is little fluctuation anyway. Instead of a rock, the current debts based economy is pretty much a balloon...

And yet this has nothing to do with Bitcoin. If people expect an authority to "protect them", they are in for trouble. There is no governing body and all transactions are final period. Reversing a transaction destroys trust, and the code should not allow it, as is the case with Bitcoin.

Its not that you are "your own bank", you are also "your own security". Yes, you can still always pay others to do it for you, that is no different, it doesn't mean they will never fail, when you hire a third party, you trust it to not steal your money...

Which is exactly what happens when you give your coins to others. If the coins are not in your own wallet, they are not in your control or protection. Many traders risk millions in exchanges that can disappear overnight, some thing regulation would "somehow" prefent another Mt.Gox, and yet exchanges and other online wallets are always at risk. Maybe somewhat less risk vs the past, but still at risk.

And the internet is full of scammers trying to convince you to handle them your coins...

If you came to bitcoin to preserve your savings from the State induced inflation done to fiat, keep it in a cold wallet and protect those seed words...

That sounds quite useless given that, even if the game won't let you adjust settings, both the monitor and the OS controls would (ie. gamma slider).

Of course the military and other security forces would be the most "volunteer" test subjects, lets hope it doesn't have any nasty side effects...

The question is: gene modification to have that fish eye when?

There won't be a new name, and ETH is not even the second, and never will, ever since they reversed the blockchain nobody trusts it anymore. AND, its blockchain is slow due to everybody else using it for things NOT eth, AND is very unsafe switching PoS... Next time a "hack" occurs they will (again) reverse those blocks and cause a major mess to all those tokens contracts whatever that become "undone" as well...

This forum was setup by Satoshi to talk about Bitcoin, other topics are secondary.

Then the coins won't ever move anymore, and are "lost". Meaning, less coins available, slightly higher price of those that remain in circulation. Indeed many coins have been lost already, with forgotten passwords, lost private keys/seeds, etc.

If you want to pass it, you have to make sure the seed words are given to those in your will. Remember, private keys are not handled directly anymore, only seed words. These can be in a bank vault or some other secure place, always.

Nothing else but the seed words is required to give a wallet to another person, and they don't even need to know of its existence. You can even leave detailed instructions if you want.

If you are going to use MyEtherWallet, run it locally. There is zero reason to use the online version when you can simply download it and open it in your browser locally. Of course you should also be using a more secure OS like Linux...

Here is one recent example of incomprehensible moderation. It is too bad they can't bother to type one word stating the reason, i simply stopped caring, but i have a bunch like these that appear to hit at random, almost like cosmic radiation:



This was technical, and ON TOPIC. What reason could possibly the moderator had to delete that one? I have no idea, as is the case of 90% of my deleted posts in all my lifetime here.

Do i welcome a single or couple words stating the reason? YES. I read somewhere they even get paid for this, so it should be part of the job...

Well he is wrong. Perhaps his current Bank employer has fed his head with FUD, or he is simply repeating like a parrot whatever the media says without stopping to study things properly.

Besides mining is more related to cgminer (or forks), which happen to be what most asic mining devices use and that's written in C, not C++

We have discussed countless times those same old lies repeated again and again here. "Mostly serves criminals" is as insulting as it can get. This reminds me of certain developer of certain project that used nearly the very same words about Tor, freedom be damned if a "criminal" happens to use the tool...

Except crime prefers fiat and their adoption is identical to worldwide adoption, if not less since they trust fiat more...

He is just attacking Bitcoin out of ignorance, maybe he just wanted to look nice in the interview and wanted a "counterpoint" Well i'm sure c++ is also used in worldwide mass surveillance, state oppression, terrorism, espionage and whatnot. Maybe he justs wants people to discard "the tool" and move to Rust or something...

Exactly what Maduro did with us. All those self-proclaimed "leaders" always ruin people's lives while they and those closest to them live in obscene luxury from corruption and direct stealing. But because they have the weapons and the military in their pocket, nothing can be done.

Better late than never. The OP's arguments are solid and technical, it also helps explains why bitcoin keeps the value it has, despite of being "backed by nothing" as some ignorant people claim. In fact its backed by code, which results in the aforementioned features described by OP.

If people wanted to know why bitcoin has the value it has, look no further and read what OP said, which has been said around here many times by many people, but still needs to be repeated again and again...

Actually its the other way around. Markets are backing bitcoin price, while your "alternative" is backed by the chinese government. So lets see, You trust more the Chinese gov (The State) than the free market (The People)?

Has it ever occurred to you, that all of these "x backed" coins depend on a promise that may or may not ever be fulfilled? Imagine that, the Chinese system falls, the people from Taiwan take over or something, and then they simply don't recognize none of these tokens. Then what? Cry a river? Sue the Chinese state? good luck with that...

The markets consider bitcoin valuable because of its features (code), not because of an empty promise of a State, company or individual. A promise that can become null without warning, is not like having the actual gold in your hands. If anything, those coins that are "backed" i consider even more dangerous, because they likes of you mistakenly think that "is gold", no its not. Nor Dollars "backed" on gold, they are not gold, they are worthless papers. When Americans ended the artificial gold pegging they were being more honest.

In fact the current government can decide later not to fulfill the promise, or simply change the "backing ratio". This "surprise" can never happen to bitcoin, which is the reason its valued more, no surprises, no trusting.

If the economy collapse because people learn that the money doesn't exist in the banks, and start withdrawing, while the entire fiat ecosystem crashes, bitcoin that is simply keeping its value, would appear to "skyrocket". Fiat are deliberately devalued every year as they have endless production. Bitcoin is already settled to 21 million and 18.5+ million have already been minted.

Harder Facts

neutraLTC

Please consider adding to your first message, or at the pool page the following information, which i consider vital for people thinking in using your pool:

Pool fees and payouts.

This information appears to be available in "help" which is a system provided by blockin, unfortunately this requires a login (different from pool login), and it cannot be read otherwise.

This particular page appears to have the answer, but without login credentials it is impossible to read:
https://help.poolin.com/hc/en-us/articles/360004080591-How-much-is-the-minimum-payout-

I don't think it is wise to hide your help articles under a separate site, that also requires separate login credentials.

If you provide the information here in the forum, it will be very helpful for people comparing pools.

I think it has 3 boards... Ideally no boards but measure voltage/amps first (on both ends), then (if correct) maybe try with one board.

In my country 30a circuits are not uncommon. But then again if (current) American code was applied, Everyone would fail it. My home breaker box doesn't even have a single 15a, they are all 20a and 30a Well its 40 years old and the breakers are from an American company that closed in the 80ies because its products were unsafe, all that surplus (banned in USA) material was sold to the "third world" countries (as usual). Name is Federal Pacific...

The ridiculous thing is calling Bitcoin as "backed on thin air", while ignoring, or pretending to ignore the whole fiasco of the fractional reserve banking, where banks produce money "out of thin air"...

If the world starts learning about fractional reserve banking, and people start withdrawing, the system would collapse. Unless people withdraw slow enough to give time to the banks to shrink...

Think of that practice of withdrawing bitcoins each Jan 3rd, that would crash the world economy if it were done to fiat. Your money is NOT in the bank! Most of the money doesn't even exist!

In concur with this opinion, this is more or less what i was thinking. Not 2x, but something like 1.5x is about right. If if climbs far above that, it will correct down, maybe bounce a few more times. If it stays low, the uptrend will continue until it reaches those prices.

On each halving, expect the price increase to be less than the previous one, in percentage. This is called maturing, and is fine. Consider that most bitcoins are already minted and in the market, the reminder will take longer and longer to come out, stretching all the way until 2140. Mining will become unprofitable far earlier than that unless cheap and abundant energy, such as that from Nuclear Fusion, becomes a reality.