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2501  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: February 16, 2023, 08:29:33 AM
I may be wrong but to my knowledge stuff on bitcoin blockchain (up to ordinals attack) have been an indirect links to the illicit content not the content itself.
Unfortunately you're wrong: the RWTH Aachen Study mentioned in the Coindesk article from 2018 I linked above discovered at least one illegal picture in the blockchain. Of course, the methods used then to store data (it's possible this was even before OP_RETURN was introduced, although for pictures OP_RETURN isn't of any use due to its size limit) were much more sophisticated, using fake addresses and the like in large transactions that looked like "financial" ones, so there was no "explorer" one could view to see the contents.

Quote from: Coindesk
[...] a widely-publicized report from RWTH Aachen University found one graphic image of child porn and 274 links to content depicting child abuse stored within the bitcoin blockchain.
Source
Yeah, I skimmed through the PDF that was linked there and to be honest I wasn't convinced since there wasn't any proof provided (for understandable reasons of course) and the way they put it sounds like a very subjective matter.
I also specifically don't understand the bold part below. If they have extracted the file from the blockchain, how can it not be verified and why are they referring to an online forum in this case if the file is indeed on the blockchain and not a link to a content on another website.
Quote
The remaining instance is an image depicting mild nudity of a young woman.
In an online forum this image is claimed to show child pornography, albeit this claim cannot be verified (due to ethical concerns we refrain from providing a citation).
2502  Economy / Economics / Re: Economic implications of a US-China-Taiwan conflict on: February 16, 2023, 05:30:16 AM
~
It is good to see that the West now supports the Ukraine the way they support them, but who knows what would have happened if the West decided to not support the Ukraine. Do you think that could have been an additional incentive for Xi Jinping to take action against Taiwan as well? Now that the support for Ukraine is constantly growing stronger and we are probably even going to see fighting jets being delivered, Xi Jinping is probably going to at least think twice before he decides to invade Taiwan. I think there is no doubt now that the US is going to stick to their word and protect Taiwan as well.
Well the West has to support their own proxy in a war they started! If they did anything else you should have been surprised. That is exactly what they would do with Taiwan too, they will give them weapons to fight China as a proxy and die for the Western warmongers.
2503  Bitcoin / Bitcoin Discussion / Re: Bitcoin Monetary Policy But Things are Changing Now (Taproot) on: February 16, 2023, 05:03:56 AM
As of now on Bitcoin, we can create NTfs and more complex smart contracts
Wrong. You can not create NFTs using Bitcoin protocol. It simply is not defined that way. The script complexity has also not changed in the way you think with Taproot.

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which is increasing activity and this new community is the reason for the future market capital increase and dominance of Bitcoin.
What people mistakenly call "dominance" is not dominance at all. It is market cap ratio and it will not change like this as long as thousands shitcoins are being created with billions of [fake] circulating supply which would create fake market cap hence decreasing the ration which is btc_MC/(sum of thousands of MCs).

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But on the hand, the transaction fees may increase more
Fees always go up in all spam attacks. This time it is not different with Ordinals attack either.

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or shifting the POW to the POS
It's like saying "rub dirt in your would if you want it to heal" Cheesy
2504  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: February 16, 2023, 04:52:24 AM
About illegal material: I've read there were already illegal pics and links stored in the blockchain, since 2013 or so:
I may be wrong but to my knowledge stuff on bitcoin blockchain (up to ordinals attack) have been an indirect links to the illicit content not the content itself. This is different from the blockchain actually containing the illicit stuff.
2505  Bitcoin / Bitcoin Discussion / Re: More Awareness needed, 100$ or Bitcoin??? on: February 16, 2023, 04:34:01 AM
Although such videos are not the most reliable source of information but it is not far from the reality. The bitcoin adoption is still extremely low which is why I usually use "1%" for adoption. Keep in mind that awareness is different from adoption. A large percentage of the population has heard about bitcoin and have even seen advertisements from centralized services (eg. Binance) but that doesn't mean they have adopted bitcoin or are willing to use it. Many of them are still brainwashed into thinking bitcoin is a scam or is dumping, dying, etc. Specially younger generation in developed countries with governments who are too scared of losing their power and control over them.
2506  Bitcoin / Bitcoin Discussion / Re: Bitcoin (food for table) on: February 16, 2023, 04:12:47 AM
Bitcoin has feed many people dead or alive,
How exactly is bitcoin feeding a dead person?!

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I discovered that many people source of surviving is through Bitcoin.
How did you discover that? Could you show us the proof too so that we can discover it too?

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Families that have nothing to offer has survived probably because their children are involved in trading bitcoin but now that the price is down I know most of us that this has being the only means of livelihood, is being tough to meet up the current hardship in the land.
That's a terrible thing to do. People should rely on actual work and actual income for their livelihood and only treat investment and trading as a secondary source of income not their one and only income because everyone knows that markets (all markets) can have good days and bad days. Which means trading is not something you can rely on for a steady income.
Not to mention all the risks involved with trading, centralized exchanges, hacks, etc.

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Investment has not making sense anymore. Is just stagnant and dropping down the axis.
Bitcoin dropping stopped months ago! It was also recovering these days.
Besides this contradicts your previous statement about "trading" bitcoin. A trader doesn't need price always going up to make profit. They earn money from volatility which is both ups and downs. In fact the previous couple of months that price went down has been excellent for traders to make money.
2507  Bitcoin / Wallet software / Re: frozenkrill: a minimalist Bitcoin wallet focused on cold storage on: February 16, 2023, 04:01:47 AM
PBKDF2 in mnemonic algorithms such as BIP39 and Electrum is not meant to provide security, in fact 2048 rounds is an overkill itself. It is as the name suggests a key derivation function, a way to derive more than one key from the same seed phrase.

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Safe BIP-39 seed generation with the option for the user to input 12/24 words (complete seed) or 11/23 words (automatically generation of the last word/checksum)
Last word is not the checksum, it contains the checksum. For example in case of a 12-word mnemonic only 4 bits out of the 11 bits of the last word is the checksum. With only having first 11 words, you'll end up with multiple possible words that would satisfy the checksum verification. In other words you can't "automatically" generate the last word.
2508  Bitcoin / Development & Technical Discussion / Re: Can time stamp be manipulated? on: February 16, 2023, 03:40:43 AM
Because the placed block timestamps are used for (eg. verification based on median of past 11 blocks, difficulty readjustment based on time of the past 2016 blocks, etc.) there isn't really any exploit so there is no reason for manipulation. Wrong time values would act as divergence.
2509  Economy / Speculation / Re: BTC bulls back? on: February 15, 2023, 05:30:53 PM
And hopefully, at the end of Q1, the price can get a breath of fresh air to increase to the $30k level. This will give confidence to people who still don't believe that bitcoin can rise again. If they see that bitcoin can increase and return to its last ATH, they will only realize its potential for them.
People like that are always the reason why price has big jumps (and dumps). They are the weak hands who think bitcoin will never rise again or will rise forever.
In any case ever since the momentum got slowed down, $25 target became too hard to break let alone reach the $30k. We need a big positive news to get the ball rolling again otherwise it could take much longer than Q1.
2510  Bitcoin / Bitcoin Discussion / Re: Operation Chokepoint 2.0 (Biden's administration quitet ban on crypto) on: February 15, 2023, 03:37:32 PM
Good points but the problem is that the regulations are made by governments to monitor people's activities not to ensure their security. This is why they enforce a lot of restrictions on customers such as KYC which is not going to help with the business owner scamming its users but instead will give all your detailed information and your activities to the authorities.
We see that in the banking system too. Remember the disasters leading to 2008? All those banks were regulated and members of FDIC and yet they ruined the economy and in the end they were bailed out while their "customers" were crushed.
2511  Economy / Economics / Re: The world continues dumping US dollar (Gold, New World Order, World War III) on: February 15, 2023, 12:32:23 PM
In recent news China and Brazil agree to use Yuan in cross-border transactions effectively replacing US dollar for the largest country in Latin America. Considering Brazil is in a couple of organizations including BRICS and an important regional player in Latin America this is a big first step in moving an additional of more than two dozen countries away from US dollar.
2512  Bitcoin / Bitcoin Discussion / Re: Operation Chokepoint 2.0 (Biden's administration quitet ban on crypto) on: February 15, 2023, 12:21:39 PM
however the actual events are not banning all accounts
its banning accounts of bank account owners that are doing business but not being licenced, when said businesses are operating as a money business
its also businesses that operate certain flaggable offenses such as laundering russian riches or gambling services in a no-gambling region or other politically prohibited stuff
Yes, Yes. NSA also knows the color of your underwear from another continent while pinky swearing that they are protecting you from "the bad guys" and doing it for the national security. Grin
2513  Bitcoin / Bitcoin Discussion / Re: Is it possible, what can I do to achieve it? - (For personal research) - on: February 15, 2023, 04:24:27 AM
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So what I want to talk about today is, those countries who legalize bitcoin and crypto. What was their first push?  What led them to legalize crypto. Is it totally depended on Government decision or some individuals can convince the Government to do it?
One way of looking at this question is from the utility for the government perspective.

You should expect resistance from governments (the centralized authority) in all countries without exception simply because bitcoin is decentralized and they can never have any kind of control over it. But if bitcoin has a certain utility for the government or has a certain utility against the government, they will choose a different approach.

Lets see some examples.
El Salvador government adopted bitcoin because it offered a lot of utility to the government. They could invest in it and in the long term build up a good reserve currency that would be worth a lot of money. They could also attract a lot of investment to their country and build their economy. They still tried a centralized approach with a government created closed source non-custodial wallet!

US government has been against bitcoin and they have been trying to ban it and is enforcing bans little by little simply because bitcoin offers an option to dump US dollar and it ruins US government.

China has been putting a lot of restrictions on bitcoin because like US, bitcoin is used as an option to dump Yuan and China was also creating a CBDC which they tried to get everyone to adopt and bitcoin was and still is a serious competitor.

This doesn't mean things will remain the same though. For example in a year from now we may see a complete ban in US and in a couple of years when US economy is fallen apart completely we could see a mass adoption of bitcoin in US completely replacing dollar.
2514  Bitcoin / Bitcoin Discussion / Re: Operation Chokepoint 2.0 (Biden's administration quitet ban on crypto) on: February 15, 2023, 04:07:54 AM
This is not surprising at all since it has always been how the modern dictatorships work. They quietly enforce their illegal authority on people and call it democracy and anybody who speaks against it and gains momentum will be "deleted".
This is also not surprising knowing that US dollar is losing its dominance slowly and in a couple of years its value could be lower than Venezuela bolivar as more countries dump it. The US regimes fear is obvious so they try to eliminate all competition, whether it is Chinese Yuan or decentralized bitcoin. Funny thing is that they lose in all cases...
2515  Alternate cryptocurrencies / Altcoin Discussion / Re: UAE central bank to issue CBDC, promote digital asset growth on: February 14, 2023, 04:22:08 PM
@Pooya87, you made a good point by saying that CBDC will be the death of stable coins but what about decentralized stable coins like DAI? Can SEC hunt them down too?
If there is any truly decentralized cryptocurrency including stablecoins, they shouldn't be affected by anything centralized (ie. CBDC). But the problem with stablecoins is that they always have some degree of centralization, DAI is not an exclusion even if that degree is low for it.
2516  Economy / Speculation / Re: What will happen to BTC price if the US defaults? on: February 14, 2023, 08:19:48 AM
They are not going to default, they will do what they have been doing all this time when the nation debt sets a new record, they just increase the debt ceiling and continue printing more dollars.

The only thing that is concerning is the world dumping US dollar which means all the trillions and trillions of dollars they have been printing without it being backed by anything is coming back to America and will become a tsunami hitting US economy.
In which case US will experience Venezuela like hyper inflation but on steroids and it would the time for every American to buy as much bitcoin as they can to flee the sinking ship. That means there is this possibility that bitcoin price could reach levels that we can not imagine now.
2517  Alternate cryptocurrencies / Altcoin Discussion / Re: UAE central bank to issue CBDC, promote digital asset growth on: February 14, 2023, 08:06:31 AM
Everyone is trying to jump on the bandwagon of "crypto" these days. They are just as hyped up and stupid as those who jubilantly invested in ICOs back in 2017. lol

I've always said that the way they are centralizing the technology introduced by Bitcoin is not going to work and soon the problems will start showing up. The existing centralized financial system is good enough and if they want to do anything they should try to improve that. There is no need to create a token for it in platforms they try to build from scratch which is also not tested before!

The only good thing that may come out of these govcoins is the death of stablecoins. Fingers crossed Smiley
2518  Economy / Economics / Re: Economic implications of a US-China-Taiwan conflict on: February 14, 2023, 07:36:20 AM
I don't think there will ever be any direct armed conflict between US and any of the existing super powers because this is no longer World War 2 and similar wars where US mainland is not reachable. Any war that US starts won't be thousands of kilometers away, but it will be fought inside US soil too.

If you look at all these years US is at war with the rest of the world but through proxies. The Chinese war will also be yet another proxy war like the war with Russian. In other words Taiwan is China's Ukraine. I believe Chinese authorities know this very well which is why they haven't invaded Taiwan to this day despite most of us thinking they would and despite all the tensions US tried to increase like sending 80-year old Pelosi to Taiwan trying to make her cannon fodder.

I posted some thoughts on this conflict last year. I still think that conflict would bring energy price down since it would put one of the biggest consumers out of the market (decreased demand) but we have to consider that US economy depends on Chinese economy more than Chinese economy depends on US economy! Look at the huge US trade deficit that is increasing year by year. In other words it would terribly ruin US economy.

On top of that, everything specially military equipment is ridiculously expensive in US. If they start a war where their economy is already in ruins, they will not be able to keep it up financially speaking whereas it is not nearly as expensive for China to keep fighting.
The US military think tanks are already talking about the fact that US has already run out of a lot of strategic weapons trying to fight the proxy war with Russia and they won't even be able to refill their weapons cash for years specially with the way inflation and recession is hitting US.

From a military standpoint US is too weak and behind in the technology to fight other actual militaries. Check the US airspace in the past decade. It is regularly being invaded and they can't even detect majority of them and the handful they see they can't detect (UFO) and they struggle to bring down. In short US air defense is a joke.
Compare that with what other super powers can and have done. My current avatar is actually a jab at that Wink
2519  Other / Beginners & Help / Re: Avoid altcoins and shitcoins because they cannot be stored personally. on: February 14, 2023, 07:19:51 AM
When it comes to any cryptocurrency what people should always check out is their utilities which is why we keep telling others to avoid altcoins because they simply don't have any utilities in the real world. Majority of them are created to only be pumped and dumped, a lot of them are created trying to pursue a flawed idea (like a smart contract platform) that fail because it couldn't be implemented correctly and a lot more.

That's the main reason why altcoins should be avoided anyways. There are of course other reasons like them being centralized, not having a mutable blockchain, having serious security flaws in their protocol that can be exploited, ... But almost all of them can be stored in non-custodial wallets specially when you find out that a lot of them are actually copies of bitcoin! so they at least inherit that much from it.
2520  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: February 14, 2023, 07:11:44 AM
We can't determine, nor debate, what can and what can't have value, or what actually has value, except for the market to accept "it" for the fair asking price. I believe we just have to merely accept it, BUT we shall agree that the development of NFT in the Bitcoin blockchain is not pushing the boundaries of Science anymore. It's actually in the world of stupid. Censorship-resistant dick pics and fart sounds are stupid.
We talk about the uselessness of NFTs and their scam nature but that is not the debate.

Bitcoin was not invented to become some sort of cloud storage where people upload their files. The debate about NFTs and other tokens on bitcoin blockchain is also not about their usefulness, their value or anything like that. It is all about using a system in a way that it is not supposed to be used.

We also can't demand for those NFT transactions to be censored, because it would be a failure to Bitcoin's Ethos if it actually happens.
Bitcoin is meant to be a currency people use for payment, using it for anything else is actually against its "Ethos". Also:
https://bitcointalk.org/index.php?topic=5437787.msg61733370#msg61733370
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