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241  Economy / Services / Re: [OPEN] Playbetr Signature Campaign | Hero/Legendary | $50/Week in BTC on: May 15, 2021, 07:45:34 AM
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1564795
Current amount of posts (including this one): 1350
How much merit have you earned in the last 120 days: 54
SegWit BTC Address for Payouts: bc1qr9r4rf7nqwe533zeuk7utsjxuxedn93gm5r7t2
242  Economy / Speculation / Re: Btc price drop 12% after Elon musk tweeted Tesla won't accept bitcoin on: May 13, 2021, 06:28:21 PM
...snip...
It's quite obvious that the people who joined prior to the 2021 bull run got to know that Elon was manipulating the prices of most of the coins since the beginning. As soon as he started shilling a shitcoin (doge), we know that this guy can do more harm to the space than doing good. Many of the projects (including bitcoin) are spending years of time for R&D and bringing in a new protocol change whereas the development of a shitcoin like doge hasn't been active for over 1-2 years in github. I predicted the harmfulness by these institutional investors 2 months back in one of my post but sadly many people in the comments believed those institutions would bring them profits. I wouldn't be surprised if Saylor moves against the market and dumps his coins at some point of time in future, though it's quite certain there could be a possibility for the same.

People who wear the suites are playing with the livelihood of millions of people and probably it does cause adverse effects in the future i.e today many newbies got rekt in the bloodbath and indeed had a bad thought towards bitcoin on the whole. Satoshi initially wanted the coin to be independent and work against the governmental and powerful centralized bodies but its certainly true that the people are again handing over the power to centralized institutions for ruining such a groundbreaking technology.

Hopefully the 2021 investors would turn against these seasonal market manipulators to create a healthy market for bitcoin towards the long term. On top of that, the current bitcoin dominance stands at around 40% which vibrates the 2018 altcoin market and this does indeed prove how bitcoin is weakening against shitcoins solely because of Elon's manipulation.
243  Economy / Services / Re: [OPEN SLOTS] ChipMixer Signature Campaign | Sr Member+ on: May 09, 2021, 01:54:26 PM
Username: Heisenberg_Hunter
Post Count: 1346
BTC Address (must be SegWit): bc1qr9r4rf7nqwe533zeuk7utsjxuxedn93gm5r7t2
244  Alternate cryptocurrencies / Altcoin Discussion / Re: What's with the NFT hype? on: March 29, 2021, 08:00:25 PM
I would like to quote one of my post which says about NFT :

Quote
A few things can never be recreated and one such thing is art. For some really good artworks, even if the artist think of recreating it he could not get to the near perfection as they did the first. There are quite a few of artists in bitcointalk like @Corrosive whose original corroded plate art can never be recreated even by themselves because each corrosion is unique. Here Digital Art in the form of NFTs are nothing but funny speculative shits just for the riches and people who are willing to take a good amount of risk by bidding on a digital art

At the time of writing, Grimes Death of the Old Digital Art is auctioned and the current high bid stands for nearly $388,000 : Grimes Death of the Old Shocked Will any normal person pay $300,000 just for a digital video? This is why true crypto enthusiasts call Digital Art and Games based on NFT are highly speculative and they won't sustain for a longer period of time. Digital Art can never replace the brilliance of Physical Art (atleast this is my thought on the speculative NFT market)

Digital Art market is a money making market just like how Defi and ICO functioned. Digital arts can be recreated the same way by any another artist but physical art can never be done so. The crypto riches view this crypto art scene as a place to park their easy free money which they made from being a trader or miner since the early days of cryptocurrency. Through this, you can mitigate the risk of paying taxes and as such face any legal problem which exchanging the money for fiat. There are celebrity artists like bosslogic whose digital art is really good and deserves a price to be bid upon.

As you said, they are a digital representation of an image on the blockchain and there are no other use cases of them. You can transfer the value of ownership to someone in the future by selling it for a higher price. I have seen trevor jones bull art selling for 10x higher than what they were initially priced last year. The same goes with cryptografitti bill board art which is currently a much valuable piece. If you were aware of the happenings in collectibles board, you can find the auction of #1 United Nodes of Bitcoin auction taking place and the rest of the pieces were sold for 0.15 btc I guess.
245  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about Symbol (XYM)? on: March 29, 2021, 07:38:16 PM
Seems like XEM devs have lost their track and most of the redditors claim XYM is to be the NEM 2.0. I never had any intentions to invest in any altcoin other than ETH and XMR as I am addicted towards their technological perspective but I thought of buying some NEM's recently just for experimental purposes with my gains in ETH and XMR. I like the use case of NEM but the developers has failed with the marketing miserably, hence it's been tanking and it seems like it would never recover back to normal $0.8 range anytime soon.

Symbol has the similar usecase of NEM but XYM network has the added advantage of creation of NFTs and shares or bonds just like how Ethereum has evolved over the years. Redditors even discussed that NEM's purpose would be gradually degraded by devs and they would be concentrating more towards developing Symbol. With these talks its more or less clear that NEM would gradually die over the years and will be replaced by Symbol. But the point which I don't understand is that, why they did develop another coin and why not they move with a soft fork propoganda just like how Eth is gonna move to ETH 2.0? Are the greedy devs willing to take profits just by making another coin?
246  Economy / Gambling discussion / Re: Considering huge transaction fees, what coins to support on new gambling site? on: March 29, 2021, 07:09:44 PM
For now, gamblers do use alternative coins that have quicker transfer yet a much lesser transaction fees. It said above
that both TRX and XRP have this features,.
Eth 2.0 would solve the problem of scalability up to an extent and Polkadot could soon become a replacement for the centralized shitcoins like Tron and Ripple. Ripple is already facing the lawsuit and the regaining back to an extent like 2018 is almost impossible unless the investors are fooled. The primary purpose of bitcoin was to be decentralized and ripple started developing into too much of a centralized shitcoin with fake pumps and dumps all over the market.

Similarly BnB is developing with the fake pumps, but the decentralized networks like Bitcoin, Ethereum, monero or polkadot would be the winners over the longer term. There are already over 200+ projects being built on top of polkadot and it would rise to new highs and could be evolved as the real competitor for ethereum in the upcoming months/years. If the casino is more interested towards the privacy of its customers, they would eventually be paying them with monero rather than a shitcoin like TRX which is scalable but isn't meant to be private.
247  Alternate cryptocurrencies / Altcoin Discussion / Re: Use case of Bittorrent Token? on: March 29, 2021, 06:37:33 PM
BTCumping this topic to understand more about Bittorrent token. BTT has increased almost 2x since this topic was created and I have seeded more than 100 GB during this 10 day time frame and I can confirm most of the torrent leechers were BTT users. But the earnings still stand at 0.5277 BTT and has never changed since day one. Does this mean that the network of the coin is flawed? We never need a separate coin for torrenting purpose but Justin has took this approach to pump his shitcoin and to make his brand sound louder!

Along with this, after the acquisition of Bittorrent company by Tron, it is being filled with reduntant spam ads and its been a frustrating experience to use utorrent or it's parent software bittorrent. Even the reddit users claim the same way as I do and many haven't received any coins even after seeding for a few days.

I have attached the screenshot again for reference. Let me know if anyone can clear up this for me :


248  Economy / Gambling discussion / Re: The Gambling company that did hit the jackpot during the pandemic. on: March 29, 2021, 06:21:34 PM
Over the days, I think gambling will be made more common in India just like how states like Nevada work. We cannot deny the fact that if the Indian government is making profit by allowing gambling, then slowly it would be made legal. Online gambling has increased all over the world during this pandemic as many of us have stayed indoors for over an year and we eventually gambled our money just as a hobby. There were various reports and discussions in our forum that the net profits of the online gambling companies has risen significantly during the pandemic and never been lesser.

Does this mean that the richer people started gambling more money? We can be sure that because of the pandemic many lost their hard earned money in treating the people who were affected by covid, hence the surplus and extra money was used to gamble and make profits/losses could have been done by the riches. HYIP scams, shitcoin trading has also gained traction in the pandemic as this was one of the reason for the riches to waste their money without paying the taxes.

Will the government think twice before keeping the gambling market the same or will they revert back when everything is normal.
As I have said above, if government makes profit they would start engaging in such markets and would legalize them along with implementing new regulations.
249  Economy / Exchanges / Re: Mt. Gox and Bitcoin Exchanges: Did You Know? on: March 29, 2021, 05:52:48 PM
Another funnier thing with Mt.Gox (the so called most trusted exchange at one point of time) was that Mark Karpelès even offered OTP cards and Yubikeys to increase the security of the customers while logging into the exchange. Today we have more and more exchanges functioning on a larger scale and I believe even if there are hacks they would never be as huge as Mt.Gox. Today, not just the leaks of cold wallet private keys pose a danger to the investors but recent leaks like Ledger database hack was indeed a painful one.

I was a victim of Cryptopia hack and I think I lost some ~$500 in the hack back in 2019 and currently following up with the updates from the liquidation team. I was a still a newbie back then and held most of my coins in various exchanges. Right after facing some losses, I started moving coins from exchange as soon as I make a trade and I am continuing that even till today  Cheesy
250  Bitcoin / Wallet software / Re: Can't run litd (lightning-terminal) on: March 29, 2021, 09:43:10 AM
I believe you are running v0.4.1-alpha version of the lightning-terminal. If so, this is a bug in current version of lightning-terminal and will be fixed in the next release which has the PR #196. As of now, instead of using

Code:
litd --adminmacaroonpath=/home/michal/.lnd/data/chain/bitcoin/mainnet/admin.macaroon

use

Code:
litd --remote.lnd.macaroonpath=/home/michal/.lnd/data/chain/bitcoin/mainnet/admin.macaroon

or add the below line in your .config file

Code:
remote.lnd.macaroonpath=/home/michal/.lnd/data/chain/bitcoin/mainnet/admin.macaroon

This was an issue which has been referenced in issue #204 and I think this was fixed in config: fix empty default remote lnd admin mac path #196

If an error still persist, you need to open an issue in lightning-terminal github page
251  Other / Beginners & Help / Re: One More Stupid Question. on: March 29, 2021, 07:26:51 AM
By attempting to mine a bitcoin block, you are doing more bad to your desktop rather than making any amount of money even by joining a mining pool i.e you will be spending more on the electricity and possibly a lifetime than the amount you have mined btc through your desktop computer. You can always reset the difficulty back to 1 by doing a shitcoin fork of bitcoin as you would be the only solo miner to mine the worthless bitcoin fork you have created out of thin air. For learning purposes, I tried to do a shitcoin fork thereby altering the genesis hash and creating my new chain and I generated 10s of thousands of bitcoin fork coins without spending much on the power. I would like to answer your question with an utmost average accurate time you can find a block with your desktop computer.

The current bitcoin network hashrate stands approximately at 150 Exahashes which is equivalent to 150,000,000,000,000 Megahashes
Our normal desktop computer which has a good GPU will have a hashrate of around 75-50 Megahashes per second

Hence, mining through a descent GPU will take around 3,000,000,000,000 seconds which is roughly equivalent to 95,129 years - I hope your descendants would be alive during that time and hashrate will remain the same but at the same time it would have been 95k years since bitcoin network has stopped emitting virgin btc through coinbase rewards.  Embarrassed In an approximate 100,000 years do we even live on Earth?

But owning and mining through an ASIC miner like Antminer S19 Pro which has an outstanding hashrate of 110TH/s will let us find a block in less than 15 days. So you have 2 ways to find a block :

1. Either buy a powerful ASIC miner like S19 Pro and join a mining pool and thereby rent your hash.
2. Create your own worthless coin and solo mine it with desktop.
252  Economy / Gambling discussion / Re: Beware of the Frauds , how pandemic is affecting gambling negatively on: March 29, 2021, 04:49:37 AM
Online gambling comes with its own advantages and disadvantages and online phishing and fraudulent websites with lesser fairness and more house edge are no less. For example, rise of crypto prices has seen an increase towards creation of phishing sites just like how dogechain blockexplorer has it's own phishing site and there has been no improvements from google to prevent the phishing site from reaching the top. I was scammed with 2k doge recently for entering my wallet info in the phishing site and this is one among the important reason why I never use web wallets or software wallets which are connected over to the internet all the time for higher amounts.

The problems being faced by the igambling industry can be divided into many types and one among the primary problem is the fairness of the online casino. There are many examples of a trusted casino turning into a non-fair scam casino over the years due to the greed and these are increasing year by year. In regarding to the crypto accepting gambling sites, the problem of fairness and trustworthiness can be mitigated to an extent by using BTCTCGOSU where they come up with various tools and reviews to ensure the gamblers are safe. Companies can prevent frauds by regularly doing a quality audit check of their site and also by reporting phishing sites immediately so that they get to know about the downsides if there are any.

Have you also noticed an increase in the malicious activities in the online Gambling section right now?
Yes. Phishing sites has grown in numbers and the fairness of a few trusted casinos were once in question! Hence we, the gamblers should be taking more care towards selecting the gambling site for larger bets and I personally have glued my bets towards popular sites alone.

Do you like the idea of AI tracking your every move?
Privacy is destroyed in this process but AI is important in preventing online scams and provide a better gambling environment for the users.
253  Bitcoin / Press / Re: [2021-03-15] [Reuters] India to propose cryptocurrency ban, penalising miners on: March 28, 2021, 07:42:14 PM
Why is that? Potential to be extorted?
Both yes and no. First thing to note here is that, 95% of the Indian households never provides you the freedom to start businesses and a common scenario here is that, if you never get placed in a company after you passout of the college you move over to business otherwise you are entitled to work for someone. Supressing new inventions has become a common task by the government and new inventors will always be hated by the government officials or at times would end up in prison or killed by local goons.

Second the Indian education system never teaches us the entrepreneurship lifestyle. Even if you tend to start a new business, there are possibilities of being extorted. Even if an innocent citizen like George Floyd is killed in the Indian streets, we can easily bribe the police and would be released from the prison without any crime cases.

That wouldn't be the case if they bought a bit earlier when BTC was cheaper. The Indian local board on this forum was created many years ago and it wouldn't have been created if there was 0 interest.
There was interest since the earlier days but the interest wasn't on the ground breaking technology of bitcoin it was on the price mechanics. Most of the early adopters either became scammers (Nilam Doc, Amitabh S, escrow.ms) or left the scene leaving us here with just mere speculation stuff.

I was deeply involved into the torrenting and P2P file sharing community since the eMule days (2005?) but never had a chance to know about another P2P implementation (bitcoin) till 2016 Cheesy and there were many like me too.
254  Economy / Speculation / Re: What are the fundamentals behind the conception: 1 BTC will worth USD 1 million? on: March 28, 2021, 06:27:46 PM
Bitcoin is amazing, but it is not gold.
Right since I entered into Bitcoin, I have stayed true to its initial idea of inception i.e bitcoin is digital cash rather than being called as Digital Gold but over the years I received so much of hate and criticism from the global and local community for calling it so and with the current prices I was indeed been proven wrong that it's slightly impossible to use Bitcoin as a currency. Last year mid March I made a transaction of 0.1 btc for a $500-$600 art product (couldn't remember the exact value) and today the product isn't worth $5-6k but bitcoin is worth it.

I have always read about the Digital Cash discussions of bitcoin but never prevent the discussions which claims bitcoin was digital gold till Feb 2021. After the prices pumped higher and higher, I got back to the mailing lists and read regarding the initial days of reviews after the announcement of bitcoin. I found two interesting pieces of information - one was from Hal and another was from Satoshi and both agreed that it was more of a gold replica rather than a fiat currency replica.

I also do think that there is potential value in a form of unforgeable token whose production rate is predictable and can't be influenced by corrupt parties. This would be more analogous to gold than to fiat currencies. Nick Szabo wrote many years ago about what he called "bit gold"[1] and this could be an implementation of that concept. There have also been proposals for building light-weight anonymous payment schemes on top of heavy-weight non-anonymous systems, so Bitcoin could be leveraged to allow for anonymity even beyond the mechanisms discussed in the paper.

The fact that new coins are produced means the money supply increases by a planned amount, but this does not necessarily result in inflation.  If the supply of money increases at the same rate that the number of people using it increases, prices remain stable.  If it does not increase as fast as demand, there will be deflation and early holders of money will see its value increase.

We can conclude by this discussions, bitcoin is mimicking the bitgold concept. But what is the purpose of bitcoin if they aren't being used in day to day transactions like fiat money? Just to hold monetary value? If we consider bitcoin as equivalent to gold, gold will win the game as there are lot more use cases of gold than bitcoin such as bullions, jewellery, artifacts, electronic parts and aerospace equipment etc. The primary purpose of bitcoin was to eliminate the banks and to function like a currency for the internet but yes there are more stablecoin and inflationary cryptocurrencies alternatives like monero but over the decade the real purpose of why bitcoin was invented has been destroyed.
255  Bitcoin / Press / Re: [2021-03-15] [Reuters] India to propose cryptocurrency ban, penalising miners on: March 27, 2021, 07:39:59 PM
I would say that doing business in this country is extremely difficult. You have to deal with all sort of shady characters.
This. A simple example is that, you can never build a house without bribing the local goons present in every single area of the country. On a broader scale, the civil engineers who are building the houses are forced to buy the building hardware materials from the local goons and if you didn't abide by them you would end up in getting threatened and if you move this case over to the police, the goons would bribe the police and the innocent business owner would end up in jail  Cheesy Simply stating this is a shitty country run by highly corrupted politicians and their mafia like local goon gang. If you pursue an engineering degree and pass out without a higher score, you would end up working as a food packer on the road side markets and on the other side if you get a better score and finish up your engineering degree you should work as a slave for the IT sectors and you are frowned upon from starting any kind of businesses.

I imagine cryptocurrency holders are disproportionately wealthy, compared to the rest of the population.
Almost 80% of the Indian households who work in IT sectors has meagre to zero savings hence one could never invest a proportionate amount in bitcoin. But the one who saves, invest in stocks and bitcoin and they would have made some money if they had entered the market in 2020.

The only reason why bitcoin is gaining traction in India is because we can make money by investing with them but otherwise open source softwares and OS like Linux are treated as inferior to closed source expensive bloatware like Windows. BTW we need to bring more awareness among Indians and educate them on the basics of how India is totally different from rest of the well developed nations.
256  Alternate cryptocurrencies / Altcoin Discussion / Re: What's up with Binance Coin? on: March 27, 2021, 07:01:45 PM
...snip...

Every single design related to bitcoin was to prevent centralization and satoshi never compromised scalability with decentralization. Even the 10 minute blocktime was to prevent the future forks and the 1 MB blocksize was retained to make the blockchain lesser as year progresses. Currently it's literally very cheap (less than $75) to buy a 2 TB hard disk and the blockchain size still remains just a little above 320 GB currently. The future coins like BnB or other centralized coins took this issue seriously and built a better centralized coin which can be manipulated no matter what. As like you, I prefer decentralization over compromising my scalability and I always would be like that.

I never care how higher the bitcoin fees grow, but I believe the ln and core devs will bring some vast improvements to prevent centralized coins like BnB going too much mainstream and controlling the crypto market. By the way what is your thought regarding PolkaDOT? Even though Vitalik was the mastermind, Gavin was the co-creator and helped Vitalik in greater extremes like creation of Solidity during the creation of Ethereum. Gavin with his web3 came up with this coin and no one really knows if DOT could outpace ETH in future. Though I ain't a bitcoin maximalist for some reasons but I think if someone tries to come with a second layer smart contract solution similar to how ETH and DOT functions on top of Bitcoin it would be a market changer and might be pumping bitcoin even higher.

Even today the bitcoin codebase has the highest number of open source developers while comparing Ethereum which stands at second and Monero at third. So there are possibilities that DOT could outperform or some developer could come up with executing a cheaper and more complex smart contract using a second layer solution. We need to wait for the future and check that out.
257  Economy / Gambling discussion / Re: Give your opinion on crypto bookmakers on: March 27, 2021, 06:01:59 PM
Running a successful bookie with a great reputation and very few scam accusations against them is kinda difficult. But quite a few have managed to prove their reputation over the years. While considering bookmakers, I have been using fortunejack and sportsbet but a few like nitrogensports have been good too. Back in 2018, after reading this thread, I have limited myself to lower margin crypto bookmakers and my personal favorite was Nitrogen Sports but they have ruined their reputation in 2020. Right after the incident I have moved over to Sportsbet. Apart from these, I commonly refer btcgosu.com for the up-to-date reviews on the bookmakers.

Summing up the above points, my personal favorites are :

1. FortuneJack, Sportsbet 5/5 - Long standing bookie with a great reputation.

2. Betcoin 4/5 (based on the reviews, but haven't used them) - After the ownership changeover, I trust this site but haven't used them.

3. Nitrogen Sports (3/5) - Though they spoiled their reputation in this case, they returned back the customer money and could be trusted with not bad smaller betting.
258  Economy / Gambling discussion / Re: The fine line between market investment and sports gambling on: March 26, 2021, 07:33:26 PM
On a broader perspective both are different. Betting on oil prices is different from betting on a football match IMO. On the longer term, if more and more people depend on oil products rather than moving over to electrical automobiles we would be noticing a sharp increase in prices but on the other hand if more and more global population move towards electric products, we would be seeing a decrease in huge demand and hence oil prices wouldn't rise up so high in the upcoming decades. So I would consider this betting lies with an important factor of how technology is rising, for example if more people are interested towards electric cars we could never be sure future oil prices wouldn't be so higher.

But the outcome of a football match can be partially predicted based on the past performances of the team and the key players present in the current match. Also there are possibilities that players could be bribed and they may not be playing well on a few particular days. Hence on a broader sense, the outcome of the match is depended on the player and we can never predict completely if they might be playing really good or not. Nowadays stocks has become equivalent to crypto i.e there are so many manipulative pumps and dumps like how Gamestop happened where a powerful person like Elon and a community like Reddit could play with the people's money. On a conclusion note both crypto, stock market can be very well considered as gambling along with betting on a sports game.
259  Other / Bitcoin Wiki / Re: The Bitcoin Wiki Modernization Project - request changes and edits here on: March 25, 2021, 07:55:27 PM
Thanks for bringing up this initiative NotATether. A few days back I have been going through the List of Bitcoin non-profits around the world in the wiki page  and most of the organizations are currently dead and their website was unreachable. I think it would be better to remove the websites which are dead and aren't currently active and regarding this I would like to hear other's opinion too. I have checked out and here are a list of websites/organizations which aren't functioning currently :

1. Belgium: Belgian Bitcoin Association

The website points to http://www.bitcoinassociation.be/ which is currently dead and the domain is up for sale. Even a linkedin search ended up with the same dead site. Hence, you could remove this or replace them with some other non-profit bitcoin based organization currently functioning in Belgium.

2. Canada: The Bitcoin Embassy

The site is currently dead but there seems to be a facebook page for the same over here : Bitcoin Embassy Hence you could change the link to point to the facebook page (just my thought)

3. Canada: Bitcoin Alliance of Canada

The website which was once functioning at http://www.bitcoinalliance.ca/ is now dead. I could not find a facebook page for the same. Hence you can remove them too.

4. Denmark: The Bitcoin Association of Denmark

The site is dead and I could not find any links through a fast google search.

5. India: Bitcoin Alliance of India

The site and organization both are dead. Here is the reference for the same : Bitcoin Alliance India (BAI) There is a facebook page but it's inactive since 2016, hence you could remove them as well.

6. Philippines: Bitcoin Organization of the Philippines

The site is dead and it's being redirected to a malicious site. You can remove them from the list.

Apart from this, if there are any organizations which are available in respective countries and if you are aware of them you can include them in the list.
260  Other / Meta / Re: Why do people beg on this forum? on: March 25, 2021, 07:30:12 PM
The begging has been very common in every crypto based subreddits but most of the time these begging are being autoremoved faster than our forum. With steep increase in prices, we are seeing an increased number of scammers and beggars similar to how we had in 2017. At times, I have seen that begging has ended up in threatening too where if forum members don't pay the beggar, they would end their life  Grin I couldn't recall the topic, but I think they were in 2019 time period where the beggar came up with a situation that his daughter was suffering from a rare disease and if the forum members doesn't donate, his daughter would die and thereby he would be committing suicide.

I still think one can beg for dogecoins and could receive a few for their begging in certain doge subreddits but I doubt such a bitcoin based subreddit exist today! IMO one of the most riskiest business which is happening through forum is Lending where even the trustworthy people run away with the lender's btc hence as @Charles-Tim said it's probably very risky to trust non-collateral loan takers too.

PS. Did any of you read the thread of that guy today basically asking about the 2010-2011-like faucets, since he wanted a couple of bitcoin for free?
With the current insane market prices, even making 1 doge per hour through faucet is kinda becoming difficult.
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