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2401  Bitcoin / Development & Technical Discussion / Re: NFTs in the Bitcoin blockchain - Ordinal Theory on: March 04, 2023, 04:29:24 AM
Because Bitcoin is permssionless and censorship-resistant, I believe not all who uses the Bitcoin blockchain as a "cloud-storage" is attacking the network, ALTHOUGH Ordinals could open attack vectors for bad actors to congest the network, drive fees higher, while also being incentivized to do it to continue doing it.
Wrong.
First of all not letting people abuse this payment system that is supposed to handle money transfers is not against censorship-resistance or permissionlessness of bitcoin. In fact it is enforcing them. You see these concepts doesn't mean you should allow people to do whatever they want. Rejecting such attack transactions is also not new, there are dozens of tx types that we are rejecting. In order to keep the integrity of the system we need to do that.

It also doesn't need malicious actors to spam the network, the spam would take place naturally and ruin bitcoin as a payment system. Don't forget that it wasn't malicious people who used cryptokitties or buy any other shittoken on shitplatforms like ethereum!
2402  Economy / Economics / Re: The world continues dumping US dollar (Gold, New World Order, World War III) on: March 03, 2023, 10:09:43 AM
The U.S. does that because why?
Dollar is a weapon and US regime knows how to wield it.

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China is also doing it with their Yuan through Debt-Trap Diplomacy.
Obviously! China's dream is to replace US as the global hegemony. Maybe not with colonizing and murder of tens of millions of people but still similar power abuse is expected from China in the future also.
2403  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: March 03, 2023, 10:00:21 AM
The war is definitely shifting away from Eastern Ukraine as it is evident from the withdrawal from Bakhmut and the transfer of forces to South West. I try not to predict what's going to happen since the information coming out from this war is usually manipulated and is more of a propaganda from both sides.

The Americans have been asking Zelensky to withdraw from Bakhmut for many weeks now. But he is adamant that he can reconquer all the lost regions. Ukraine has enough manpower to sustain the war for another 3-4 years. They are a country of close to 40 million people (after subtracting those who are residing in areas controlled by Russia). 1,000 KIA per day would mean 1 million losses in 3 years. It is something they can afford at least theoretically. But I am not sure whether the NATO would be interested in prolonging the conflict for so long. NATO weapon supplies are not infinite, and in due time there will be growing opposition to the spending on this war.
The bulk of Armed Forces of Ukraine is no longer Ukrainian at this point, it consists of some "unofficial" NATO troops and takfiri terrorists transferred from Syria to fight Russia. Besides, a large part of Ukraine population has already fled the country. Considering how they've shown to fight for a decade in Syria, I agree that Ukraine can keep it up against Russia.

You are right about NATO (more specifically Europe) not being able to afford this war for that long but US is calling the shots, not Europe, nor Zelensky specially since he is just a pawn. And US doesn't want this war to end this soon or the benefits of it would stop too.
So the real question is how much longer Europe can withstand de-industrialization and how much longer they can violently suppress the mass economical and anti-NATO protests before they change their position.
2404  Economy / Speculation / Re: BTC Sentiment Poll for March on: March 03, 2023, 09:43:33 AM
I still think the world economy is in too much of a ruin and it is affecting bitcoin market for us to see any kind of major rally, in other words smaller rises are more plausible. We also have a good signal from past months where price broke the major resistance at $20k and successfully stayed above it for this long which shows the demand for bitcoin is still there and increasing.
This is why I voted yes, I believe we can creep up above $25k and head for $30k. That is unless something majorly negative happens again.
2405  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: March 03, 2023, 05:28:41 AM
It can be argued that it might bring more adoption on bitcoin.
It won't because those who are interested in these shittokens aren't adopting bitcoin. They are basically gamblers who seek out something (in this case garbage) they can place some "bets" on and see if it goes up in value so that they can make some profit.

In fact if the Ordinals attack has any effects on bitcoin adoption is that it will prevent adoption by making bitcoin hard to use and possibly even unusable if it picks up and the spam reaches or surpasses the 2017 spam levels.
2406  Bitcoin / Bitcoin Discussion / Re: Mempool full? Long transaction times + fees x10! on: March 03, 2023, 05:20:49 AM
Vbytes is a more recent estimation that still counts in bytes, but does not count the bytes of certain parts of the transaction such as the witness data (IIRC).
It does.
Virtual size is transaction weight divided by 4 and weight is counting witness by computing "base size" (which is serialized size without witness) multiplied by 3 added to the "total size" (which is serialized size with witness).
2407  Bitcoin / Bitcoin Discussion / Re: Mempool full? Long transaction times + fees x10! on: March 03, 2023, 05:05:49 AM
Not sure how reliable is this one: https://bitcoinfees.earn.com/
Not only this sites is unreliable but also it is a malicious website designed to inflate bitcoin fees to unreasonable levels. It has always been reporting outrageously high fees.
For example right now it is still reporting 102 satoshis/byte and calls it "fastest and cheapest transaction fee" whereas even in worst case scenario in the past couple of days the "fastest and cheapest transaction fee" never surpassed 30 and right now it is around 2-3 satoshi/vbytes. In other words this site is maliciously reporting a fee that is 3400% higher!

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ps. anyone can give a quick explanation on the Byte Vs vByte difference?
vbytes is the virtual bytes calculated by taking witness into account (everything gets a factor of 4 except witness) so the size is smaller for SegWit transactions hence you pay less fee.
2408  Bitcoin / Development & Technical Discussion / Re: What would happen? on: March 03, 2023, 04:55:09 AM
Lets imagine a world where Bitcoin has taken over as the main currency of the world and that almost everyone uses Bitcoin. What would happen if events like the Value Overflow Incident[1] or CVE-2018-17144 [2] happened again when Bitcoin was being used and relied on by most of the world?
Implementations of Bitcoin that have such a bug would accept the invalid block(s) in their chain and the other implementations of Bitcoin that don't have the bug would reject them hence splitting the network into two chains. After a short time the shorter invalid chain would be reorged and the buggy implementations would follow the correct chain which would have the most work too.

The risk of double spend would be higher during that short period but it depends on the number of confirmation the receivers demand and how quickly they detect the chain split which is easy to do if their node has a good enough number of connections to various implementations.

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When both of these events occurred  they were corrected shortly after but the Value overflow incident required a rollback of the Blockchain
I don't think it is correct to call it a "rollback" since it was just getting rid of invalid blocks.

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What would happen if the Bitcoin blockchain was rolled back when most of the world depended on it?
It depends on a lot of variables. Just seeing a "rollback" or reorg does not automatically mean double spends since the same transactions could be in the other valid chain in the other valid blocks already mined. It also depends on what the target of the theoretical attack is, for example a centralized exchange is a possible target and them losing money is nothing new!
2409  Bitcoin / Development & Technical Discussion / Re: Bitcoin, some technical questions about light nodes on: March 03, 2023, 04:45:47 AM
They could just propagte and leave the validation for full nodes.
That could be abused for spamming invalid transactions through other people's computers. You'd just send the light node your invalid transaction and they send it to the full nodes they are connected to and get themselves banned.
Besides, the bitcoin network has enough full nodes that are relaying transactions so there is no need to use others.

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2. I understand that full nodes verify every transaction in the blockchain, but how is it done and if light nodes do it too, how they do it if they don't have the full copy of the blockchain?
Light nodes cannot verify everything, that is why they are "light" after all.
A full node would verify a lot of things including whether or not the inputs the transaction is spending were spent before which requires the full node to have downloaded the whole blockchain to that point and have built a database of UTXOs. The full node also verifies all the scripts (including signature verification) in the transaction's inputs.
2410  Other / Beginners & Help / Re: A question on transaction speed. on: March 02, 2023, 12:05:46 PM
Mining pools and miners can include their own transactions with low fee rate in the block they successfully mine.
Actually they pay 0 fee for such transactions because anything else is like putting their money from one pocket to another. This is why even today we see transactions with 0 fee appear on the blockchain regularly (6 today, 4 yesterday and so on):
https://blockchair.com/bitcoin/transactions?s=time(desc)&q=fee_usd(0),is_coinbase(false)#f=hash,block_id,time,fee,fee_usd,is_coinbase
2411  Other / Archival / Re: I did a SHA256 on address, used Hash160 on the result, help on: March 02, 2023, 11:56:31 AM
Edit: what is this?
Code:
19eVSDuizydXxhohGh8Ki9WY9KsHeT75TY
It shows as invalid address but blockchair shows only the BCH balance and not BTC, I changed the checksum myself, isn't it weird?
That looks like a bug in blockchair website's backend that simply skips checksum validation of the base58 string you enter in the search box. They probably decode it using base58 and just drop the last 4 bytes (and version byte) then search their database.
The reason why it only shows bcash history is because this address was only used on bcash blockchain.
2412  Bitcoin / Development & Technical Discussion / Re: P2WSH Multisig and Timelock question on: March 02, 2023, 11:49:04 AM
Looks correct to me but you can always test things like this on the TestNet to be more sure, specially when it comes to setting the time value in the timelock.
Also what you called "OP_PUSHNUM_2" and "OP_PUSHNUM_1" should be OP_2 and OP_1 respectively with 0x52 and 0x51 as their byte representations.
2413  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin weaken the Wests ability to fight enemies of freedom? on: March 02, 2023, 11:40:48 AM
the funny parts are whilst the west are saying "hate the middle east, hate russia, hate china" we are now seeing how reliant the west is/was on the east. due to all the effects the east has had on the west
It is partially because of lack of resources in the West compared to the East and partially because the "West" is built based on colonization, and without colonizing it all falls apart. If you look at what each country did over the past year, you can see they haven't given up colonizing either. For instance France over the past year has been trying to rob other countries like those in Northern Africa and Yemen to get gas for themselves. They even fund/support the invasion of Yemen (while blaming Russia for invading another country)! Cheesy
2414  Bitcoin / Bitcoin Discussion / Re: America Wants to buy Bitcoin 20% adults own it, while 29% willing to buy! on: March 02, 2023, 11:35:05 AM
During times of financial hardship whenever you ask people such questions (ignoring the possibility of bias in the study) they always tend to speak about alternatives including bitcoin. But that doesn't always mean they have bought bitcoin. I also feel skeptical about the number 52 million considering that it is not reflecting on the bitcoin price. In other words if bitcoin adoption was truly this high price should have been much higher than this.
2415  Bitcoin / Development & Technical Discussion / Re: "Bitcoin’s Future Hinges on Donations, and That’s Got People Worried" on: March 02, 2023, 04:24:44 AM
With the exception of Ordinals, nobody's using Taproot for anything significant so there is an argument to be made that future Bitcoin protocol feature upgrades will become less and less important to users than say, Segwit.
That's an unfair thing to say because you have to consider that many of the major wallets (that have lots of users) like Electrum have not yet implemented Taproot which is why the usage is low not because it is less important to users. In fact there is high enough demand for it but the end-user has trouble using it easily.
2416  Bitcoin / Development & Technical Discussion / Re: NFTs in the Bitcoin blockchain - Ordinal Theory on: March 02, 2023, 04:19:59 AM
that's what 99% of the nft crowd thinks that its just a new feature that the devs put in
Not really. Specially because of the amount of discussion around this spam attack majority of people should already know of its true nature. But I agree that devs should have done something about it already, as I've said many times before. The full node devs should have at least made such transactions non-standard at the very least.
2417  Economy / Economics / Re: Economic implications of a US-China-Taiwan conflict on: March 01, 2023, 04:39:42 PM
It would take years maybe 500 years more.
It would take a decade at most if you ask me. It's just an extrapolation of the past 3-4 decades.

3-4 decades decades ago US economy was still full of industries and the trade deficit was not a thing. Today US economy is debt based and all the industries are in China, as they say "American dream is made in China".
3-4 decades decades ago when any country thought about dumping dollar they would have been bombed out of existence, today US watches impotently while country after country dump the dollar.
3-4 decades decades ago when US navy decided to head towards a country the regime in that country changed automatically. Today US navy has to land all its aircraft, shut down all systems and ask permission when it wants to pass any strategic strait on earth.
3-4 decades decades ago US air-force was advanced and it was feared. Today US aircraft that gets closer to a border is shut down and they read the report impotently from Washington.
3-4 decades decades ago nobody dared look at US funny let alone get close to its borders. Today US airspace is being invaded regularly by flying objects they can not even identify!
3-4 decades decades ago nobody dared have any kind of military or military exercise or military presence or military cooperation with any country that was close to US (remember Cuban missile crisis). Today that is a joke, South America is no longer US backyard.
....

The most possible outcome in my opinion is that United States is going to cease to exist. In its place we are going to see dozens of countries (the previous states) that will be at each other's throats with lots of civil wars.
Of course this could be hastened if Trump or another idiot like him (Musk?) comes along again Grin
2418  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: March 01, 2023, 04:04:30 PM
Perhaps they are still in operation.  But the possible capture of Transnistria by Ukrainian troops will not change anything in the course of hostilities.
They say there has been a massive supply of weapons there, in fact they were comparing the size of the possible explosion of those storages with an atomic bomb. This is how huge the supply there is.

The capture of Odessa, in my opinion, is a very unlikely event.
The war is definitely shifting away from Eastern Ukraine as it is evident from the withdrawal from Bakhmut and the transfer of forces to South West. I try not to predict what's going to happen since the information coming out from this war is usually manipulated and is more of a propaganda from both sides.
2419  Bitcoin / Development & Technical Discussion / Re: NFTs in the Bitcoin blockchain - Ordinal Theory on: March 01, 2023, 08:37:39 AM
i would say "attacking" bitcoin is a rather harsh word for storing some piece of important data on the blockchain that you do because it's important to not lose it. the intention would not be to attack bitcoin. or hurt bitcoin. so maybe you should bring it down a notch...
Bitcoin is not a cloud storage service so when people use it for that, it is an attack. Specially when it is not just one or two cases of people storing some small arbitrary data on bitcoin blockchain but an increasing threat to the future of bitcoin as a peer-to-peer digital cash.
2420  Bitcoin / Bitcoin Discussion / Re: Robbery that attacks Bitcoin Holders on: March 01, 2023, 08:10:53 AM
This is not just about bitcoin though, letting the world know you have "money" puts you in danger. Specially if you are carrying it around with you.

You mentioned he was a tourist, if you check the stats of robberies where they take the tourists money in different countries you'll realize this is not a new thing. There are even some cities in Europe (eg. Barcelona, Spain) where the average is a dozen robberies per hour (that's 2018 stats, it is much higher in 2023 due to worse economy situation). As you see these stats are not bitcoin related.
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