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2501  Other / Off-topic / Re: Is Life Worth Living? on: November 01, 2019, 02:49:29 AM
Are you saying suffering has no end,  are we cursed ? Pains and suffering is caused by the devil, are we in his territory you saying?

I know a certain belief that teaches exactly that. Wherever you trust them or not, i cannot say. But suppose they were right, if you end now, you would remain in eternal pain. The thinking that death somehow means "rest" and "peace" is as much a belief as the opposite.

Fact is, we would never know until its too late.

Even if there is nothing afterwards, or repetition, it probably doesn't hurt to do good deeds, while there is a chance that harming others (or yourself) can land you in an even worse situation.

As for life being worth, i'm not sure either. What about death? Is it worth? Is there a Paradise waiting for you? Hell? nothing? New life?

Its all a matter of beliefs, but no matter what we say or think, we cannot change the truth, whatever that is. Perhaps we are too insignificant to ever hoping to learn it. I can imagine countless people in history trying and spending their life in pursuit of some enlightenment.

But, where were you before you were born? Where will you be after you die? Same or different state? Why is the universe the way it is, and not another way? Are there other universes we are unaware of?

Many people died when they didn't want to. Would they be happy of people who could have lived but ended it? Some say the afterlife is full of angry ancestors, waiting to make your existence miserable, what deed you did or did not do to somehow amend for their eternal suffering?
2502  Bitcoin / Bitcoin Discussion / Re: Living Off-Grid With Bitcoin? on: November 01, 2019, 02:20:19 AM
For sure it can be done. Lets take as example the Dash masternode owners , do you think they work anymore ? I bet they are sitting home ( open crypto businesses I hope ) and they simply monitoring their nodes and same goes for Blocknet nodes owners as both of the investors did a smart investment of holding their masternodes even after the 2017 run. If you have bought lets say 20 nodes of Dash now you're nodes are making 8k$/month which is a super nice income especially in the long term run. In Blocknet it goes the same as 20 nodes will bring you around 1.4k$ at the current price which is insane during the fact that it was so cheap back in 2015. Smart investments can make your life more comfortable in order to focus for your progress.

You cannot run a node and be off-grid, one thing defeats the other. Unless your node is elsewhere and you go check it from time to time, which is the same thing i said about going to town to use your wallet, etc.

Also, don't think that the Dash model will be eternally feasible for an infinite number of investors. I wouldn't be surprised even masternode owners would have the luxury of "living only of their nodes" for long. Its fun while it grows, but once it reaches saturation... Hmm where have i seen that before? MLM? nah, must be my imagination.

2503  Bitcoin / Bitcoin Discussion / Re: Satoshi Moving on to Other Things on: November 01, 2019, 02:09:39 AM
I know that this is very speculative and impossible to know with certainty, but I would like to hear your opinion.

Satoshi was already concerned with the growing interest in Bitcoin. When Gavin decided to go be interviewed by the CIA, it was the last straw.

He moved onto other things that would allow him to roam free without a bullseye on his forehead. Most likely he's currently a Wal-Mart greeter or holding some other such nondescript job.

Well it seems to me the CIA would be more interested in neutralizing threats to the USA, was bitcoin a threat for the USA? It seems to be more a threat for certain types of governments who often happen to be in the opposite side of how America does things. However the project being Free and Open Source software, ensued its continuity regardless of the author. This was the smartest move, once code is released, there is no turning back.

Or maybe he was "quietly removed" as some suggest, but that didn't stop Bitcoin, did it? What would happen to some of the other altcoins if their figure head is imprisoned or gone?

I guess even this is another reason for bitcoin value. The simple fact that its creator is gone, and yet it moves...
2504  Bitcoin / Bitcoin Discussion / Re: No Capacity to Kill Bitcoin! on: November 01, 2019, 02:01:01 AM
~Retard Speak.

Keep being clueless, if you like,
but just because you can't grasp what real power is ,
well it is your problem.  Smiley



And yet you are using the word "Retard". That should look so nice to the moderators...

Where is your power? Go ahead and "stop" bitcoin, it sounds almost as idiotic as ordering the Internet to stop. Maybe you belong to that group?

Do YOU think your little government can do it? We have already discussed a theoretical scenario where ALL governments cannot stop it, yet here you come claiming a single country can. Not it cant, Neither Trump, nor Putin, not all of them together. It was designed for this, like the Internet was designed for nuclear warfare, but you wouldn't know that, would you?

The Net interprets censorship as damage and routes around it. -- John Gilmore
2505  Bitcoin / Bitcoin Discussion / Re: What scares you the most? on: November 01, 2019, 01:32:59 AM
For me the scariest thing in cryptocurrency is when I trade on an exchange and then make a profit, after that I tried to withdraw
profit from the trading results and what happened was I could not withdraw my money from the exchanges. This really scary to me,
because my capital and the results of my efforts I can not enjoy it. This is truly a disaster, really scary to me.

Actually its more like, tomorrow you try to login but the exchange is no more. Yes it has happened before, a few times. Not in your wallet, not in your control. This is the dilemma of the trader, they have to trust their exchange, but the risk is even higher than just doing wrong moves. In some countries people are used to State protection, but that is not always the case with cryptocurrency.

Don't invest what you cannot afford to lose...
2506  Bitcoin / Bitcoin Discussion / Re: No Capacity to Kill Bitcoin! on: November 01, 2019, 01:22:31 AM
Ok, the Congressman is a fool.

If the US Government decided to go balls to the wall and destroy bitcoin, then sorry bitcoin will die.

1. They could confiscate all bitcoins in the US and crash the markets.

Nope. Make all Americans suddenly sell their bitcoins, and it would not "crash the markets", only produce a temporary downtrend, soon to be absorbed by the rest of the world.

2. They could have elite computer hackers target all nodes.

Nope. There are even nodes in Tor. Short of a bug in Bitcoin itself, there is nothing they can do. This isn't Ethereum...

3. They could send in special forces covertly and destroy all ASICS warehouses, with explosives.

That maybe, but it wouldn't stop mining. Besides, will your little country risk war with the likes of China and Russia? This isn't Afghanistan and a bunch of guerrilla fighters...

4. They could just compromise the 4 mining pool operators and make them double spend and freeze all new transactions.

Actually go ahead and try it. The real blockchain would go along, the moment you foolishly freeze yours (Are you even thinking?)

5. They could just threaten to bomb anyone that mines bitcoin.

Good luck eradicating computing power from the world.

Realize that if the decision to use force is ever on the table, then bitcoin is dead.

It would actually be really funny to see them try, please convince them, it would be really embarrassing. Have your so called cyberwarfare unit do it.

Bitcoin Energy Waste ensures that mining operation can not hide from government eyes.

Only if large scale mining prevails, which you yourself has already decided to wipe out. The Bitcoin network doesn't care.

Only Proof of Stake networks have the ability to hide from a world government intend on destroying it.

PoS is garbage.
2507  Bitcoin / Bitcoin Discussion / Re: Living Off-Grid With Bitcoin? on: October 31, 2019, 11:00:51 PM
Off grid, you plan to make your own electricity? Solar? Creating electricity using solar panels is expensive, thats a big investment to start with. But if thats what you mean about off grid then you need a lot of money to start with your plan.

Living only with Bitcoins is possible. There are bloggers out there who posted their travels and experiences on how they were able to pull it. I would say it depends on where you live because there are still countries were Bitcoin is not yet mainstream and only a handful of merchants accepts it.

Its not too expensive if you stick to just panels, and do the old fashioned method for the night: Sleep. Contrary to popular belief, you don't need batteries, that's what makes it so expensive. You can also combine with wind, or hydro depending on place.

Thing with using bitcoins is probably not yourself but the other people you plan to trade with. If you come down the mountain to a town or village with internet, electricity, etc, you could simply use your wallet there as usual, or exchange for fiat the minimal amount needed.
2508  Bitcoin / Bitcoin Discussion / Re: Do you think that quantum computing could help or enhance blockchain technology? on: October 31, 2019, 10:44:23 PM
Quantum computing allows the use of Quantum Cryptography, its only the matter that you and I won't be having quantum computing devices anytime soon, only very large organizations will at first. Think classic computers in the 50ies, many story high monsters.

During this transition period, those large organizations will possibly have clear text view of your encrypted communications. There are some possible mitigations, but in the long run it does render classic crypto obsolete.

So while not an imminent threat, it is something that has to be addressed anyway, the sooner the better. Those large organizations are not going to announce you when they can read all your encrypted data, they will just do it, silently.
2509  Bitcoin / Bitcoin Discussion / Re: Living Off-Grid With Bitcoin? on: October 31, 2019, 09:37:17 PM
Is it possible/an advantage to live off-grid with bitcoin?

What I mean by this is living on a rural property, perhaps running a full-node, completely independent from the existing fiat financial system. We want to remove our dependency of the banks and corrupt political establishment entirely.

Obviously, you would need electricity and a computer to run a node and connect to the network. Perhaps bitcoin is not well suited for rural lifestyle or off-grid?

You don't really need a full node (and it would over complicate things), but you would need to be able to connect online from time to time, to spend your money. If its only savings (income), then you can truly be off grid, which is what a cold wallet essentially is.

Obviously you need electricity, but that can be solved using renewable sources. Internet is more difficult, but wireless either ground or satellite based is possible. If you only want to monitor your savings, you could use that bitcoin satellite thing, that is simply sending the blockchain for anyone to see it. But any kind of spending needs a return path to the blockchain (internet).
2510  Bitcoin / Bitcoin Discussion / Re: Do me a favor, tell me really clearly and slowly what exactly a blockchain is? on: October 31, 2019, 09:24:46 PM
I cheated my way thru in a job interview, for the role of the content writer of exchange, now my boss asks me to write about blockchain but I know nothing about it. Could you guys just give me a basic rundown of.... *Things?*. Anything and everything you feel would be nice to know here

It is a kind of decentralized database. Because it runs in several (redundant) internet nodes, it always stays online (in "the cloud"). Also, each data entry has a crypto algorithm securing it against the previous one, which means you cannot alter the earlier ones anymore without breaking everything, this gives it authenticity, as long as there are several nodes physically separate so that any attempts to defeat this becomes too costly to carry out.

A blockchain alone isn't good enough if it isn't decentralized enough, you have to have several nodes worldwide or it looses its main advantage over more traditional databases.
2511  Bitcoin / Bitcoin Discussion / Re: What scares you the most? on: October 31, 2019, 09:16:47 PM
What are your biggest fear in crypto?
As for me, it's losing my private keys by accident. I know that the risk is minimal, but the thought of it makes me anxious from time to time. Also, I'm afraid that BTC dumps during the transaction.

Waking up one morning and knowing that the whole cryptocurrency market went down to nothing?
Or maybe finding out that all your crypto (or your private keys) was stolen or lost somehow?

By the way, Happy Halloween!

Handling the seed words is important, but can be planned in advance. Keep the seed words in two separate but secure physical places. You could be very smart hiding them in plain sight, perhaps marking words in a book...

As for the market fluctuation, there is nothing to worry about, at least not with bitcoin. Just wait it out, as long as it takes. Many altcoins may never recover though.
2512  Bitcoin / Bitcoin Discussion / Re: China Has Something to Do with Bitcoin's Price Increase After All on: October 28, 2019, 05:54:44 PM
China is so powerful! God created the world, yes. But the rest are made in china.
My pencil, slippers, mouse, keyboards, laptop, cellphone, cap, pen, head set, earphones, toothpick, glass, shirt, and almost everything that I see inside my tiny house are made in china.

If everything is made in China...can you somehow explain this miracle of economic trade?
Quote
1    China   2,157,000
3    Germany   1,401,000

Lol, one of the miracles of reality!
Of course, it might be that indeed everything you have in your house is from China, if....you're Chinese.

Quote
The Bitcoin ASIC miners are made in china. The largest Bitcoin mining pools are in china. The price increase of Bitcoin is caused by china. The dump in the prices is also because of china.
Bitcoin is made in china. Satoshi is chinese. Bitcoin is china!  

Fortunately enough, top 20 pharmaceutical companies are all located in Europe and US  Grin Grin Grin

Actually the Chinese rich like to buy imported things, often from America and Europe. They even go to a franchise known to sell imported (expensive) American goods called, wait for it... Walmart. Indeed, Walmart China sells expensive American goods that most people can't buy there.

Pharmaceutical companies have a giant gotcha, some countries (i would bet China too) simply don't acknowledge their IP, and whatever those giants make gets copied as generic brands. Neighbor India is very large in that, and quality varies. The fewer Chinese rich can afford the expensive US/EU brands, while the masses go for generics. Just like electronics and clothing.

Declaring Satoshi Chinese is a bit of a stretch, but the other points are true. All Asic production that matters is in China. Bitmain, MicroBT, Avalon, Inno, etc, all Chinese.

China's capacity to manipulate bitcoin price in the market is debatable, but they are one of the largest. No matter how much you dislike them, they are stronger than most countries, its economy far surpassed the others when it became the world's manufacturing hub.

The Chinese rich are a minority, but that minority amounts to about 1 million people. The market of rich people in China is actually larger than in any other country. Have you seen the documentary People's capitalism of China? You would be surprised what those crazy Chinese rich do, and you have seen a few of them in the cryptocurrency space...

Do you know who is going to lose from the "economic war" started by Trump? USA. The Chinese know this very well, and they can simply wait until Trump is gone. Americans on the other hand, well, i guess they are wealthy enough to cope with higher prices of everything...
2513  Other / Politics & Society / Re: 39 Bodies found in a truck in southeast England on: October 26, 2019, 06:22:02 AM
39 victims are not small numbers. this is included in the extraordinary crime
I hope the police can quickly reveal this case
Yeah! However, I can't say this as a case of massacre because the way of killing is not very brutal or either a genocide because it's not done by government. Bit whatever the police may call it, I'm sure this will not be just a simple case of murder due to large number of death.

Its mass murder. Method of killing makes little difference. Its very possible the lorry driver knew nothing...

Chinese organized crime trafficking people? The human organs trafficking hypothesis is viable if the bodies were frozen.

Other possibility is if they were already death when put in the container, then the crime would corpse trafficking...
2514  Bitcoin / Mining support / Re: 200+ antminers what's the most efficiente server setup? on: October 26, 2019, 05:38:21 AM
First and foremost, you cannot have the same macaddress in more than one miner, if you do, you are going to get in trouble, so you have to correct that immediately. This could happen with inappropriate firmware cloning, such as older BraiinsOS installs using the same sdcard image and failing to edit the macaddress text file (usually no longer needed in current versions). Also don't use the same IP in more than one miner, that is also quite troublesome.

That said, it is my suggestion that you don't use dhcp, set them all MANUALLY (in the miner). Also you should set up a dns caching server in your lan. I'd use Linux with dnscrypt-proxy, but there are many choices.

200 miners fit a /24 configuration which is quite common, ie. 192.168.0.10 to 192.168.9.210 (place your dns caching server and router in 192.168.0.1) of course you can use the private IPs you like, such as 10.0.0.10 to 10.0.0.210, etc.

You don't need anything fancy, cat 5e and 100mbps is more than sufficient. You can use "dumb" switches (hubs are a thing of the past), and cascade them: just leave an empty port to connect the next switch to it. You certainly don't need any overcomplicated setup, i assure you that. Alternative you could simply use a master switch and connect all other switches to it, but your going to use more cable that way, it works either way.

Each S9 doesn't use much bandwidth, its like 1 KB/s each, so really, overkill wiring is not needed. You can worry more about the silly dhcp server failing, which is why manual is best, and instant. No wasting time asking dhcp what ip to get assigned, especially not all miners doing that request at the same time when, you know, power goes and returns...

And, please, no windows computers in the LAN. Be strict, linux or bsd only. If you knew the amount of garbage traffic a single windows computer does to a lan, you'd know why (Wireshark can show you). And lets consider possible malware infection. All you need is a web browser, any Linux distro can have those, usually Firefox or Chromium but many others exist. Also avoid OSX and Safari.

BTW: In case you didn't know, the miners run Linux.

This is my opinion based in my own experience.
2515  Bitcoin / Mining software (miners) / Re: Braiins OS: open-source mining firmware [S9, T1]. New release includes AsicBoost on: October 26, 2019, 05:06:01 AM
You have to wait until they add support for T9+, its currently unsupported. This might come after bOSminer becomes stable next year.
2516  Economy / Speculation / Re: The Price of BTC on: October 25, 2019, 08:28:08 PM
It seems good times are ahead. Recently Chinese president said to his countrymen to seize the opportunities afforded by blockchain. On 2017, china central bank banned mainland based exchanges to stop their operation, recent comment of Chinese president actually adds positive vibes. Price climbs 12% overnight. BTC will bloom as it is the key player in crypto industry

And the halving. But its bad when they mention blockchain but not Bitcoin. Originally the Chinese politicians were angry at ICOs but ended kicking exchanges, they still have to get it.

If they bring yet another centralized State backed token, they still fail to grasp the fundamental reason why Bitcoin is still the best. Sure anyone can use "blockchain" for little side projects, but it is Bitcoin that is revolutionizing the world, not blockchain.
2517  Economy / Speculation / Re: The Price of BTC on: October 25, 2019, 08:17:26 PM
What should the price of BTC actually be? Is there some tangible metric that we can identify as the basis of Bitcoin's value? It seems to me that the only tangible value of bitcoin is it's security- the fact that it can't easily be counterfeited. That's what makes it a reliable ledger of accountability. The security of bitcoin is directly tied to the hash rate of the Bitcoin network so that's what should determine the price, very precisely.

We can set the price to any hash rate but, in order to maximize the adoption of this pricing scheme, we need to set a price that is close to the current market price. According to blockchain.com, the last recorded hash rate was 90M TH/s and before that it was 125M TH/s. We can generalize it to 100M TH/s. The price has also moved around $10k so I'll use that.

(100M TH/s)/($10k) = 10k TH/s - and this becomes our standard unit. Now the price is directly tied to the hash rate.

What's the price of BTC? Simple- (current hash rate divided by 10k TH/s) * $1.

    ...

    at 1M TH/s, 1 BTC = $100

    at 10M TH/s, 1 BTC = $1k

    at 100M TH/s, 1 BTC = $10k

    at 1B TH/s, 1 BTC = $100k

    ...

Not only is this a fair and stable pricing scheme, it encourages mining, which increases the hash rate, which increases the price. And that's what we want because it will maximize security.


No its not related. Bitcoin cannot control things outside Bitcoin, certainly not USD, you cannot code anything like that, and you cannot enforce it either it would be another pegging system. Pegging is bad, it depends on people. Bitcoin is about being trust-less, not trust someone will keep his/her promise...

The best price bitcoin ever has, is whatever the market decides. The beauty is in the freedom it fluctuates within, with nothing outside attempting to force any artificial price only to have the thing blow up later.

The only good intervention, is no intervention. You have to change your mindset, fluctuation is good, learn to live with it, stop trying to oppose it, embrace it and love the freedom it entails. It means it will never blow up, like "stablecoins" and fiats do.

Oh but you have never lived a crash of your fiat in your lifetime, the people in charge never let it blow up... Doesn't mean it can't. This is the fundamental problem, trust in those people, trust they would never do what things like Maduro and Mugabe and several many other idiots in history did, back to the ancient Romans and Greeks...

Bitcoin: In Code We Trust.


Are you worried about something? That mining will decline? Cast your doubts aside, mining WILL decline, its designed like that. Find another source of income now that you know it.

Also you are wrong thinking your money becomes less secure with less mining, the less mining is a result of it becoming too expensive, which is what makes the thing secure to attacks in the first place, that it is too expensive to pull out a 51% attack, and that is not changing. It is the very reason, in fact, that mining will decline, because its too expensive to keep it in such large scale anymore.

Its not on/off either, mining will slowly diminish at the same time the asics are so efficient the hashrate is the highest ever, even with reducing mining, and large operations closing, and the equipment to do it so expensive. And by the time most commercial miners are gone, those that remain are plenty (efficient) enough to keep things secure.

So you are indeed, wrong.
2518  Bitcoin / Bitcoin Discussion / Re: Is Satoshi Nakamoto a single person? on: October 24, 2019, 11:49:54 PM
This topic is a very old one and almost every year since 2015 this pops out in this forum. But anyway there are many theories about who is satoshi nakamoto some said he is a single person, some say that Satoshi is a name used by a group of programmers while others said that the real Satoshi is the CIA and the US Fed, much worse other said that aliens and illuminati are behind Satoshi. Up to now there are no clue as to who is Satoshi and is still a mystery. There are people who claim that they are Satoshi but in the end failed to prove themselves that they are Satoshi.

How about time traveler? He could have come from the future seed the coin, return ... profit! Nothing like a good mystery to keep the human mind busy...

Anyway humanity was left with bitcoin, that's good.
2519  Bitcoin / Bitcoin Discussion / Re: MiNing Copper Instead Of Bitcoin = More Cash Flow on: October 24, 2019, 11:41:46 PM
Bravo! What you guys are doing is practicaly called waste management business. Even though you guys are focusing only on copper now, but I am sure you will slowly explore the option to extract more type of metals from the electronin waste. Do you know you can even extract gold from smartphones and computers?

I personally have never sold off copper or any other precious metals for bitcoin. But I hope to see you forming a waste management company that accepts bitcoin as a payment! All the best!

Intel CPUs used to contain more gold, in the Pentium era, but they later reduced it at a minimum to shrink costs.

In my country copper stealing is a rampant criminal activity, often public lightning is out because someone always steals the wires to get the copper. It probably started with scraps... The police/military confiscates anyone in possession of copper, as its often from theft. Sometimes they cut fiber thinking (or hoping) its copper, then many blocks end without landphones/internet for months or years.

It must be nice to live in cities where people leave the copper lying around for anyone to pick it up...

One thing you don't mention is that there are very hazardous chemicals involved, for example in the gold extraction thing, not sure about copper. Recycling does have an ugly side, which is why people should aim reduce their garbage first...
2520  Bitcoin / Bitcoin Discussion / Re: Financial Censorship, just another reason that bitcoin is important on: October 24, 2019, 11:10:14 PM
Yes! Spot on! Bitcoin is a very effective tool to bypass the government censorship in financial matters! That is the main reason why majority of the governments are resisting bitcoin and other cryptos to be adopted in the mainstream economy.

Because every governments know that if bitcoin is legalized in their economy, there's no way for them to know who is holding how much wealth and the source of their wealth unless that person comes to the front and declare that! So it effectively shifts the power to the hand of a common man! Nationalist and fascist politics wouldn't allow that!

Bitcoin was created and designed for this. But there is a gotcha, you can tell them if you want. Not that i advocate that, but it might ease some people for a transitional period.

Some people don't think so much about hiding from the government, but from criminals who might learn they are rich and extort, kidnap, etc. There are many countries where this is a problem, and the corrupt governments often leak this data to the crooks.

I would add to your speech of nationalist and fascist, also socialist; as they are all into full State control of the economy and lives of people. You could also infer that as long as there is a State, there will be meddling, even liberal States.

The smaller the State, the better. How about no State? That is the question.

Mainstream economy is dominated by the Chicago school of economy, this is wrong, and the world will never cease to have bubbles and pops as long as they ignore the Austrian school of economy, you know, THE ONE that advocates deflationary money AND to end fractional reserve banking, among other things...
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