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2461  Economy / Economics / Re: Power outages causes huge economic loss in south Africa. on: January 22, 2023, 06:04:42 PM
The poultry farmer should have made available alternative power sources and the best alternative that is suitable for such business with low cost are solar panels since the poultry doesn't need a lot of electricity because what the birds need is just 💡 ligntening points.

So if a poultry farm only needs lighting, why did those chickens die? Because they were afraid of the dark?

The main problem with indoor farming is the temperature, I've just checked the weather in the town where the farm was located and it was over 30C every single day, that means temperature went up by at least 10 more degrees inside there, without power ventilation or the HVAC unit kicking in those chickens probably either died of heat or suffocated because high ammonia levels. With temperatures still hitting 28-29C by the time the sun sets and solar panels are already at half capacity you won't be able to do anything with them.

And for the others talking about back-ups and so and so, there were back-ups:

Quote
Issues started in mid-December when a faulty transformer prompted Eskom to connect the area to another line, causing voltage damage in his pumps and motors. The backup generators that were powered by Eskom didn't kick in.
2462  Economy / Economics / Re: [Article] How ChatGPT Will Destabilize White-Collar Work on: January 22, 2023, 05:15:27 PM
If your job is threatened by an AI that writes articles, then it means you were already in danger years ago.

Quote
Yet an extraordinary downside is also easy to see: What happens when services like ChatGPT start putting copywriters, journalists, customer-service agents, paralegals, coders, and digital marketers out of a job?

So, copywriters, journalists, and customer service, since when are those considered "skilled office workers".
Let's look right here at the news that makes it to the forum, all those blogs all those so-called whitepapers, and everything, does it look to you like journalists these days are "highly skilled"? Have you recently called customer support and had zero doubts the guy wasn't at his first job and he somehow got to the wrong desk at the wrong company?

The whole ChatGPT is blown out of proportion, it will replace things that were already replaceable since they already lacked creativity.

What class of skilled AI really threatens to put out of business or at least shrink it has nothing to do with freelancer content creators, it's actual tasks that can't be performed anymore by humans despite their skills on the same level. In our company, we went down from having 20 guys in charge of route planning to 2 managing data and 4 of them in charge of monitoring and checking the results the program generates, right now the soft we use can generate routes and delivery times for a shitload of trucks in minutes, I can't really say more about it but it can actually change the instruction for an entire deposit crew and their tasks the split moment a report of cargo not making based only on constant traffic data, until a call operator would have talked to three guys in charge noted down and typed instructions the program has done it 1000 times already.

There are hundreds of other jobs where an AI is taking over, from farming to architecture and manufacturing, the content thingy was blown out of proportion because the ones in charge of the news are the ones feeling threatened now.
But as I said, if you can be replaced by ChatGPT you were far from being a skilled worker and pillar of the company.
2463  Other / Beginners & Help / Re: A curious funny thought of the day on: January 22, 2023, 04:44:37 PM
If it is bitcoin that is stolen, the coin can be useless for the hackers because the address will be blacklisted and everywhere the coin is transferred to would be seen and also blacklisted if the government response is fast against the attack.

Bruh, you just destroyed the whole idea of being your own bank and securing your assets with bitcoin with this!

If the government would be able to completely blacklist and stop everyone from accepting your coins, then it makes no sense whatsoever to store your coins, they could simply blacklist all addresses that are not registered with name and full KYC in their database from every transferring fund to exchanges or to ATMs or to merchants and that's it for bitcoin.

Fortunately enough, blacklists don't work, and governments won't be able to do shit about it right now unless the people themselves give up and accept and lay along with this kind of stuff.

Hackers can steal from people and exchanges but it's going to be different if they are stealing from a country much more than a powerful country like China, they cannot get away with it, so I think hackers will not dare touch the country's stored Bitcoin.

Except when the "hackers" are the CCP,  and this would be the actual problem, who will control those coins, and who will decide how they are used!
And if someone talks about transparency, having the coins in marked accounts, visible to everyone that browses the blockchain, can somebody tell me which one is the address that holds Salvador funds? And any proof they are still there or at least they have been at one point?
2464  Economy / Economics / Re: After Budgeting, How Do I Deal With Unexcepted Expenses? on: January 22, 2023, 04:30:39 PM
Stop getting eaten by consumerism and instant gratification. Idk what you mean by unexpected expenses.

You go out with your shoelaces untied trip on the staircase, land on your head, and break 4 teeth, I had a colleague who chipped all his up incisors this way hitting the banister, although it wasn't the shoelaces it was him talking on the phone and searching for the keycard with the other hand.
Since it's an accident and no average insurance will cove these that go for 4x 500-1000 euros depending on the dentist and the damage.
Or, on a smaller scale, the never-ending feud between cats and tv sets, although thinking on how many youtube videos I've seen about that it stops being unexpected.

Unexpected expenses. I never knew I would deal with this kind of problem now especially with foods and necessary things getting expensive as economy won't stop sinking down. I don't like it, that's my first impression. It's stressful, it drives my head nuts as all I think is about how to fix it.
It keeps on coming unexpectedly right after you just finish fixing the other one.

Food prices going up is not something unexpected, everyone knows inflation was coming, and everyone knew that covid has destroyed all the logistic chains and affected manufacturing, inflation was the last on the list of "unexpected" things. Also, food prices are not unexpected, you shop for food every week at least, and you see the prices increase so if you think it over you plan your budget to contain a 10-2% rise next time, and you prepare for the worse.

Plugging in your vacuum cleaner and blowing up all your fuses and damaging other devices plugged in also, that's an unexpected expense.
2465  Bitcoin / Bitcoin Discussion / Re: Two-edged sword for countries that banned Bitcoin on: January 20, 2023, 08:04:51 PM
Not only do you need to tax your citizens but you have to make sure they make profits cause even if they are just holding coins it's not good for the budget at all!
Unless you collect taxes from unrealized gains...

A thing that I consider to be impossible to ever be put in place!
I have like zero ideas right now about how you could enforce such a thing but quite a few on how this could go wrong, and how you could even tax it, you choose December 31st at 23:59 as the reference price and you're going to have traders colluding, and only one trade happens at 1$ per coin, everyone losses and applies for tax deductions!
Maybe AOC has a better plan but I don't see this happening with crypto. With property and real estate, yeah! Tokens, no!

Oh this again, how many international payments does the average Joe make in a year?
Don't disagree, but this place is full of average people, in my humble opinion of course, lots of which get paid to wear a signature. I've been in other forums before, such transaction fee and punctuality in international payments is priceless in an era of worldwide commerce.

The demands and needs of a specialized but worldwide community are usually not representatives of the nations in which those reside, or at least let's agree it's nowhere near that stage yet for us.
For fast and uncensorable payments to complete strangers that don't want to reveal their personal data or bank account, bitcoin is undoubtedly king, if I wanted to pay a guy I've never met before living in some secret country he doesn't want to reveal let's say $2000 for a GPU or some really expensive Alpaca socks, I wouldn't do it with BTC unless he agrees to an escrow I choose! And he probably won't!
2466  Economy / Service Discussion / Re: Hello, I would like to ask what system is used here? on: January 20, 2023, 07:45:25 PM
Hello, I would like to ask what system is used here <> and maybe you have the script?
Or maybe you have and know something similar?

So you're asking us if we have a Ponzi scheme WordPress layout? Lol!
Might I ask you for what type of "research purposes" you're desiring such a filthy thing?

It's really just that most often cloud mining is a ponzi scheme and it's better not to succumb to their exhortations about getting you passive income, you will simply lose your funds.

He's not asking if he should invest, he wants to create one of those websites, for others to invest!
2467  Economy / Economics / Re: Biggest problems with Banks stablecoins can solve this on: January 20, 2023, 07:35:03 PM
Did you really actually say that USDT and stablecoins is a great investment? Broski I don't think you even know what an "investment" is if you think something pegged to the USD is an "investment".

It is an investment if you're a country in which the currency is going downhill, so if you have and you get paid in Turkish Lira, Argentinian Peso, or Rial,  yeah, USDT could be considered some kind of "investment", as you basically invest in foreign currency, of course with the said risks of owning a token that might be worthless tomorrow.

But if you're in the US or EU this makes as much sense as any other of this guy and his clone accounts ideas! Just think about how he solves all the liquidity problems caused by the forex market by connecting USDT to all ATMs!  Cheesy
2468  Economy / Scam Accusations / Re: 1xbit scam with pictures proofment! on: January 20, 2023, 07:02:22 PM
OP account is a new one but I am still curious as to how OP got to know about this platform.

He said it himself:
I am writing this because I am pissed out and how can website who promote on internet , ads you tube , forums and everywhere to scam like this?

I've turned once ublock to see what a favorite site of mine that I use to check prices looks like as it showed 12 blocked ads, and surprise surprise, who had the banner right on top? 1xbit! They trick a lot of users with that 7 BTC bonus or the one with 100% bonus on your deposits.
They even get some paid articles in different crypto news outlets, like this one, so if somebody is not doing his own research deep enough and only gets though the paid reviews, and there are dozen of them pretty high up in google search results, and well, this happens.

I lost hope with this one, seems like it will not end until they've scammed every single person in this world, maybe some of them even twice!

One more thing I am very curious to know is how you get the information on this forum after being scammed and why you can't get this forum before being scammed.

Maybe because if you search just the name of the casino you end up with a ton of fake positive reviews in google (at least on this IP I'm using now), but once you're getting tricked and you ask yourself "is 1xbit a scam" bitcointalk is the third result.  Wink
2469  Bitcoin / Bitcoin Discussion / Re: Two-edged sword for countries that banned Bitcoin on: January 20, 2023, 06:14:25 PM
I'm sure you don't know this data (and neither do I), but I think @stompix could easily show it to you - whether it's China or the US, you overestimate the importance of Bitcoin and all other cryptocurrencies in the world economy.

The whole what a government has to lose thing again?  Cheesy
Peanuts! That's why all cryptos are compared to a huge economy.
The whole thing started with nearly the same argument, what has China to lose from all the mining fleeing abroad, even if China would be mining all the bitcoins right now, there would be no cost with the electricity and all the miners would give all their coins to the government which is impossible, it would be a $6 billion if we assume a tax on profit of 10% with a profit margin of 50% you're down to 300 million, what can that mean for a 14 trillion economy? And if we consider revenue from trading, it's even worse depending on how you look at it so let's touch that a bit!

Quote from: EarnOnVictor
1. The government cannot earn through Bitcoin in terms of investments, taxes and others.
2. The citizens would be deprived of the fortunes attached to Bitcoin when they own it or do investments with it.

Let's explore a scenario with 3 guys from different countries!
A has purchased coins long ago at 6k cost and it's selling at 20k.
B has bought coins from when it was 60k from somebody and it's panic selling it also at 20k!
C decided to buy their coins at 20k.

How does this look from the government's point of view? Two of them are actually fucked from the investment as they've seen a capital outflow of 40k and maybe those coins will never be exchanged in the next decade so no tax, no increase in consumption no nothing while somebody is laughing his ass out! Now mister C decides to sell his coins to his neighbor for the current price of 40k, thus earning 40k in profits and paying let's say 4k, so the government has earned 4k in taxes, but still has a -40k capital outflow. Is this an accomplishment for the last country? 

See how this is way more complicated from a global and not personal point of view than a simple everyone makes money slogan? Not only do you need to tax your citizens but you have to make sure they make profits cause even if they are just holding coins it's not good for the budget at all!

Bitcoin was created so that you can be your own bank, it was not created to raise the tax income in Malawi!

Quote
4. They will be forced to embrace fiat with high transaction fees and a slow time of completing most international transactions, unlike Bitcoin.

Oh this again, how many international payments does the average Joe make in a year?
I know a ton of people who barely make a bank transfer a year to some relative in the next town and we're talking here like everyone depends on international instant payments.
2470  Other / Beginners & Help / Re: 2021 Bull run experience? on: January 20, 2023, 04:55:48 PM
How about you come down to earth from those clouds of yours where you live and don't ask identical questions every month because it's quite irritating (at least for those who have a good memory).

Haha, brutal!!!
But seriously, looking at the guy's history, I understand what a broken record means, but even broken records at one point simply stop they don't keep going forever! And the worst thing is that all the topics will end up with the same replies debating the same thing that nobody knows for sure.

How about you chill out and stop getting annoyed at the most stupid things  Grin

So you admit what you're doing here is the most stupid thing one can do with his free time?
Cause right now I feel like I've wasted my time answering your questions the other day!
2471  Bitcoin / Mining / Re: Bitcoin mining at home on: January 20, 2023, 04:37:17 PM
  - If you are planning to mine bitcoin at home, you should know that you need to buy a mining hardware. Similar to ASIC miner, but this device is quite expensive and can consume a lot of electricity...
Similar to ASIC  Huh
A Bitcoin miner is not 'similar to', it IS ASIC-based hardware such as sold by Canaan, Bitmain, MicroBT, GekkoScience, FutureBit, etc.

Hihi, not only that:
Quote
But if you want to try it out your other options are to join mining pools
So if you don't plan on buying an ASIC you can join a mining pool, probably with a discord invite, I mean, it would be hilarious for a mining pool also to require an ASIC! What kind of conspiracy is this?  Grin

Sometimes I wonder what's going in their heads while trying to make it look like they know a thing about what they type when they don't even understand the meaning of the words they are using.

Mining Bitcoin work is an effective and efficient job to do, to do mining at home I have some experience that I have got. Starting Bitcoin mining at home you only need a device that has it (preferably have an extra good device if you start with computer media), there are several platforms that are official for Bitcoin mining.

No idea what he's talking about and no clue what he's trying to picture here!
And more frustrating is that for sure in a week or two there will be another newbie that will quote this guy and make a post like as if he perfectly understands the above text. I miss frodo!!
 
2472  Other / Beginners & Help / Re: Warning ⚠ there is a new hack that steals bank/crypto info on your phone on: January 20, 2023, 11:34:20 AM
Apart from the fact that the PDF file itself has a bad reputation, I don't understand how to send it to your phone. I literally broke my head trying to add some files to my phone in the SMS messages section. You can add a link to a file easily, but I couldn't add the file itself. Does Android allow sending files via SMS?

Probably you're using a custom app for your messages, either from the manufacturer or the carrier, and the file menu is probably hidden somewhere. This is how it looks on my work phone with both the normal sms options and the Samsung one side by side:


I guess it's not only her phone. Although mine allows me to send some Media file like video, music, picture but there's no option to send PDF.

Don't you have send file option? That's what I used to select a pdf file.

Anyhow, it doesn't really matter on the subject as these spammers are not using their phones to manually send those links but automated services.
2473  Economy / Exchanges / Re: StakeCube-->toilet, whilst seemingly imitating SBF on: January 20, 2023, 09:58:48 AM
FUD from the community....uh, OK.  It seems very clear to me that whatever fear, uncertainty, or doubt existed was 100% justified.  That victim card that keeps getting passed around is looking frayed and tattered.

The moment somebody screams how FUD destroyed their business it means there was no uncertainty and doubt, it was as clear as the sky is blue that things were moving in the wrong direction. FUD is the scapegoat of every single failed "project" here, I sometimes feel like slapping people who only know to yell FUD!! FUD!! at everything!

Quote
While only a small number of coins are affected in terms of a balance sheet deficit (BTC, DOGE, LTC, DASH, and a handful of small caps), these are obviously the most valuable. The deficit ratio of assets vs. liabilities is high, with BTC and DOGE at 95%, LTC at 60%, and DASH at 10%. Most of the other coins are fully backed, actually overcollateralized.
The deficit was mainly caused by the illiquidity and decreasing value of our StakeCubeCoin, which is used to pay for things like servers and mining machines but instead was held to back a positive balance sheet. I am willing to provide a more detailed explanation if needed, but it is unlikely to make a difference.

Probably what really happened was they sold the valuable coins and backed them with their own coin till the deficit became too big to be covered by something that was losing value faster than everything. I wonder what the 95% ratio really means, they have 95% of the BTC, or the deficit is 95% and they have only 5% left?

StakeCube's business probably should have been profitable if it had a reasonable volume and low overhead, as the traders' orders, withdrawals, and deposits should have evened out in the end.
Why they felt the need to print magic money to pay their bills with, and why the fuck they thought that was a viable business plan just baffles me.

What I've learned with all these so-called projects is that a lot fail because they start spending like crazy, they got free money for some tokens in an ICO so they don't really care about the sums or the expenses, they just won the lottery, but as they run out they touch a few of client's coins thinking they will be able to put them back once the business grows, then a bear season comes and the business doesn't grow, people are withdrawing the little they have and suddenly there are no coins left.

I can't claim for sure that's what happened here but I would still bet on this scenario!
2474  Economy / Service Discussion / Re: Genesis allegedlly prepares for Chapter 11 bankruptcy on: January 20, 2023, 09:31:07 AM
FDIC or your cold wallet!  Wink
Im with you at point 2. FDIC shouldnt be an option for a real Bitcoiner! At least, that will not have been the basic idea.

Probably I should have added a bit more on that.
He said user, the moment you qualify as a user you're somebody who at least buys coins from that exchange or sells them, so you either send $ to that exchange to buy some coins, or send coins, sell them and wait for the $ to hit your bank account! The FDIC insurance was for the time you have $ in that exchange, the be your own bank is when you grab the coins as soon as possible and you stuff them in your wallet, but that won't help you if you're having only $ on that CEX waiting to buy the dip or whatever when it goes down.

So, extended version, FDIC for fiat, cold wallet for coins!
2475  Bitcoin / Bitcoin Discussion / Re: Bitcoin increased my mental awareness on: January 20, 2023, 09:12:12 AM
...All day long!
~
...And I keep repeating all the steps, again and again...
...All day long!

I don't know about others but this doesn't sound like mental awareness to me and more like self inflicted torture!
Why would you do this over and over and over again, the moment you have secured your wallets you don't need to go through the same steps of securing the keys for every coin from your add to your stash. You just send them to one of your already-created wallets and that's it.
Creating a new pack of cold wallets for every batch of coins you acquire will at some point end with a misplacement.

Take note that this isn't necessarily the best strategy. While you avoid losing all your coins in one go, it increases the chances of you losing your funds partially.

If I were to lose one of my wallets probably the first thing I would say is Thank You God I didn't put all my coins in this one!  Wink
If you follow the same procedure for all of them the risks of losing one is almost the same as losing your single wallet, but I agree that if you start experimenting with 100 methods and 100 places and you try more and more weird and untested ways some will definitely fail.
2476  Bitcoin / Bitcoin Technical Support / Re: how long does transaction take on: January 20, 2023, 08:53:23 AM
Transaction has been 2hours now and not confirmed

You simply got extremely, but extremely unlucky!
If you would have sent it half an hour earlier it would have got confirmed immediately,  block 772777 that was mined at ‎2023-01-20 07:31 so about 3 hours ago was not full so it would have included it. After it we had a period of very slow blocks,7 mined instead of 15, and a dump of transactions.

It's still early morning so once the pace picks up again with blocks it will get confirmed probably in a few more hours, but nobody can anticipate if somebody drops another 10k transactions with higher fees than yours.
2477  Economy / Economics / Re: Iran and Russia want to issue new stablecoin backed by gold on: January 20, 2023, 06:00:03 AM
The last inspection by Members of Congress was on September 23, 1974,

Make that 2017
https://apnews.com/article/d0e1efce41bb42ba9cdf1f34dc3f7e5c

There might as well be Gold painted bricks in those vaults, because nobody has tested it.  Roll Eyes  

The same conspiracy theories that make no sense, all that gold stored at Fort Know would be around ~200 billion, just the classified U.S. Defense budget is at ~100 billion, and the US has just issued 1.5 trillion in free money, how hard would have been for them to actually print enough to buy that gold back if it had ever been spent? And why would they spend it in the first place when they can just print billions with ease?

What else do you need? US lobby needs to be broken for a peaceful world.

Yeah right, cause Russia is known for its history of peace and not for land-grabbing wars nearly every decade.
I love how people on Bitcointalk throw all the shit possible at the US while ignoring that right now it's still the best place for development and the top spot in adoption, mining, batms, business accepting and people actually spending it, everything. But no, who cares about that?
2478  Bitcoin / Bitcoin Discussion / Re: Bitcoin developer @lukedashjr's wallet was hacked on: January 20, 2023, 05:38:46 AM
It appears that yesterday hodlonaut had some back and forth with LukeDasher via twitter to assert that LukeDasher was misleading people and claiming that there were no ways to keep bitcoin secure

Luke is one of those guys that won't back down even if deep down he knows he is wrong about something, I've seen enough of his ideas that he clings so desperately and won't accept any criticisms over it so I wouldn't be surprised for him to shift the blame but saying that nothing can be done when you're targeted that's beyond going overboard!  As if wasn't bad enough that a core developer has lost his bitcoins in the hack, now the same developer hinting nobody can be really safe it's just too much!

The only good thing is that the media hasn't cached up with this or it's not paying attention at all, and hopefully it never does as it will turn into a real shitshow.
2479  Economy / Exchanges / Re: Head shaking news. Founders of Coinflex and 3Arrows will start a new exchange! on: January 20, 2023, 05:09:35 AM
The exchange’s name is even a spin on “FTX,” with one of the GTX pitch decks opening with the line "because G comes after F." [/i]

FTX was short for Futures exchange, what's GTX standing for, Garbage exchange?
I can already see people nicknaming this in every possible way, Grand Theft Exchange is probably the best one yet!

As I already mentioned in a topic, it wasn't the model of FTX that was problematic and triggered the collapse, it was the idiots that made a mess of everything and loaned and spent funds without thinking twice or even once, in this case, it starts with the problem, the guys in charge of it being the same that caused the problems, so a new exchange with the same people is just as worse. FTX without them and SBF is one thousand times better than any clone launched by the former teammates.

Quote
Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC), are hoping to raise $25 million to start a new crypto exchange called GTX, according to two separate pitch decks obtained by The Block.

And since we live in a world that sometimes resembles a madhouse, probably they will get that money immediately! When people throw million at Ponzi schemes, investor bail out three times in a year a company with no product whatsoever, what's $25 million on a project like one hundred others? Just wait for it, in a few months we will get the news about successful funding and I would not raise an eyebrow if in the list of those backers you'll see companies that have lost money over FTX.
2480  Economy / Exchanges / Re: Bitzlato seized, alleges $700 mln of illicit funds processed on: January 20, 2023, 12:39:27 AM
I found the owner has an account on bitcointalk
https://bitcointalk.org/index.php?action=profile;u=4704;sa=showPosts

Oh ****
I didn't pay attention to the name as when I see an -ov ending name I'm sure I will forget it the next second, but when you mentioned in that quote engineers and mining, this legkodymov, oh yeah! The guy has one hell of a history book with bitcoin!

Thanks to legkodymov.
S5 was based on legkodymov's serial power design, and its power consumption at wall is 0.51W/G.
S2-replace PCB will be released after Chinese Spring Festival, and it will be serial powered too, and its power consumpiton at wall will be less than 0.4W/G.

This now brings the question, (one that probably nobody can answer) why would this guy who could have literally swum in coins like Scrooge McDuck would be laundering money? Was a really a case of defiance against the state and or just unlimited greed hidden behind claims of freedom?



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