And yet that "custodial" thing you mention, is exactly what every single type of "Online" wallet out there does, be it from exchanges, gambling sites or anything. You send bitcoin to it, and you expect the exact same amount of bitcoin to remain there afterwards, minus possibly a "custodial" fee, which would be acceptable given you were unable to do it yourself and wanted to rely in others by your own will.

Hello? Are you even reading? A bank with full reserve cannot go bankrupt, period. When you say "default" you are assuming things that stop being so, especially with deflationary money. A bank with full reserve and proper money handling (ie offline wallets) will not go "default" now matter how many people withdraw. This is in direct contradiction to the typical fractional reserve bank of today which is far more close to a legalized ponzi scheme.

Unless that is, you DO want your money to be used in investment. But if you lend your money, it should not be available to you anymore during this term, and you must be fully aware of why this is important, so that they don't play casino roulette with it. Same reason you should demand your bank to ask you money for keeping your money in custody, be it in commission, transaction, time based, whatever. The bank should never give you money for you storing money into it, unless you are ready to lose it.

You have to do this in the beginning not afterwards.

Open your wallet take a piece of paper and pencil and write down the seed words. This is the ONLY backup that matters, and you should do this from a secured OS/PC.

Once you have this paper with those 12 inconspicuous words written on it, you get yet another paper and with your own hands copy them, those two papers should be stored away in separate and secure places, it can even be a bank vault with instructions etc.

Get this done now. Nothing you do "online" is important, don't bother with "backups" or passwords, only these words matter, and yes, you have to protect them, don't tell anyone what they really are (leave a written will), you could even hide them cleverly inside something else (a book or such).

You do not wait for later, this has to be done FIRST, before sending the first satoshi to it.

This is an offline "cold" wallet that should be used for lifetime savings, you can send all the funds you want to it, and nobody can touch them as long as you keep those papers with written words safe.

Those valve games use the exact same engine. To play those, just about anything you could buy today will do in order of speed: Nvidia, AMD, or Intel graphics.

If you focus in getting a computer with something nvidia onboard, you are probably fine for those games. For more advanced games, you'd have to focus more on which specific gpu is embedded onboard, and check at website benchmarks. And of course, the higher the resolution, the worse it is for framerate, so you have to have that in consideration before looking for a 5k display...

Just make sure it has plenty of ram (16g+?), and optionally an ssd which is not strictly needed to play good, just to wait less for the game to load (once loaded its about the same anyway).

The bolivar is in its third incarnation (ie. renamed), the current bolivar (soberano) is worth 100 000 000 of the bolivars from before 2008.

Currently this third bolivar has exactly 3 banknotes, they are all identical except for the printed number, and the banknote color itself (which is simple, single color, quite ugly compared to the previous banknotes, people here joke about them saying they used economy mode at the print facility.

Those 3 banknotes are: 50 000, 20 000, and 10 000. If you go to a bank, you can withdraw a single banknote, of either of these 3 denominations (if available), per day.

Yes, only about 2 USD per day (which happens to fit neatly the monthly minimum wage of 40 000...).

Zimbabwe and history's most infamously Hungary, did made banknotes with several zeroes. Currently Venezuela has the worst fiat coin, but its banknotes are still not reflecting this. It will come a time when the inflation is faster than the govs ability to print bills (which is how Zimbabwe gave up and lost its coin).

1 VES = 100 000 VEF. (2018)
1 VEF = 1 000 VEB. (2008)

While currently the VES has only those 3 banknotes, there were several of smaller denomination (and coins) when it entered circulation exactly one year ago. Of course those are collectibles, but worthless for daily use, except the biggest ones: 500, 200 and 100, which are still in circulation but no new ones were ever printed after its initial launch a year ago (and it would be pointless, anyway). Sadly, no other banknotes between 500 and 10 000 exist. Your "change" for paying with any of the current 3 banknotes (or USD) won't look funny, bring a bag, forget wallets...

The USD is circulating but its not exactly official, it was allowed recently (a few months back), but the practice was illegal before (people were doing it anyway).

The main problem with Libra is that it can be shutdown. This is what makes it garbage. You need something truly decentralized to gain people's trust. Bitcoin cannot be shutdown, therefore the people believe in it(s code).

When you want to evaluate an altcoin, this is one of the first things you need to check: Can it be shutdown? Either by their creators, or an external entity?

See, even Satoshi cannot stop Bitcoin now... Get it? That is why a bitcoin is worth what the market says its worth, well there is that and its other features but here i'm focusing in decentralization. Of course the blockchain matters, security and ireversability of its transactions, etc.

Bitcoin is designed to survive, similar to the original intention of the network that we nowdays call Internet but was designed as Arpanet to keep communications flowing in the event of a nuclear conflict.

Guess what is in the core design of it? Decentralization, no single point of failure.

In the 90ies, Microsoft attempted to lead people to their "better" (centralized) network, it didn't work. Few remember its name: MSN, yes THAT MSN. But the public went for Internet instead, and that was yet another of their failures (thankfully).

MSN was to Internet, what any centralized altcoin is to Bitcoin. And take a look at the actors involved, their similarity isn't coincidence...

What has the Telegram and Line altcoins anything to do with Bitcoin adoption?

Japan adopted Bitcoin before any other country, long before any company decided to push for their own altcoin. I do not believe in altcoin promotion as a vehicle for Bitcoin, it does to a lesser extent, but it also misleads people especially when they fail, and fail most of them will...

Your pompous thread title would have fit when Japan allowed the usage of bitcoin for payments, but not for these late comers.

Not only it should not be mandatory, it is harmful. State intervention always do more harm than good. Do not believe in the illusion of socialism replacing the free market forces with their own bureaucracy, it never worked, and it never will.

The ups and downs are healthy, it shows the world the asset is free of intervention of any kind. There is nothing more dangerous than an artificially pegged asset to whatever someone in power decides it should be pegged to. Yes, including those so called "stable coins", very dangerous. You were warned.

This is as stupid as it can be. Never ever invest something which you cannot afford to lose, only then you will be able to make cold, informed decisions.

The price of bitcoin might increase to 20k next year, or it could be in 5 years. Can you afford the wait? if you don't, you lose.

What if it reaches 12k~15k instead? Are you going to cash out?


If you have a different source of income, and can literally forget about these 4 BTC and look at them in 10 years or so, then you are good. Else, you are in trouble.

Never invest what you cannot afford to lose...

Never get in debt for these things either, its not worth it.

In my opinion it will be cryptocurrency, with algorithms updated for quantum cryptography (yes there is such a thing). In addition, there will be tokens (physical) to represent the coins. Some business will do this for convenience to their customers, like casinos and arcade centers used to. It might be in the form of a card or "app" you can load "credits" with (ie. Satoshis).

This way you can buy it in advance, and use the lowest tx rate and at the venue be credited. Of course you could recharge your card/get more tokens is you wanted to...

Banknotes are far from dying if you are from one of those countries with top leading fiat, those people just don't know.

Diversify is always good, i guess that increases demand. Of course NOW that they see everybody else doing it, is too late for "great profits", so also expect some of those people getting disillusioned for not going rich "overnight" like some pioneers did and leaving halfway (losing) instead of waiting for long term.

Brexit is a mess for whom, British or Europeans? Which fiat has the most to lose, the GBP (£) or the EUR (€)?

"Trade War" to me is just Trump's tantrums as it only affects Americans. Not sure if that will somehow make them buy more bitcoin. The Chinese have very little to lose, and have been one with the most bitcoin enthusiasts worldwide, even with their government opposing this.

Pattern seems to be a healthy stay in 10k consolidation phase. If if goes up, it would be nice that it didn't go that much up, but slowly. If it does reach 20k i expect a correction afterwards, because it would have been too much, too quick (again).

FOMO is eternal, so any random "analyst" can always paste that at the end and look "good"... Most people have already missed out, it is too late.

The logic is, less availability of bitcoin, of course. Good 'ol Supply and Demand.

Of course, just because there will be half production of bitcoins, doesn't necessarily means the market will suddenly value bitcoin twice as much. For starters, there is the already mined bitcoin in circulation... (about 18 million of 21).

As you can see, every time this occurs, price should rise less and less. Of course deviation based on human behavior occurs, but things will find its natural course.

The bitcoin price is logarithmic, it should be reducing its price increase with time. It will never reach absolute stability, because fiat money is devalued intentionally, so after a century its price should be going in proportion to the fiat losing value, ie. 2% yearly. That would be the top right most part of the price chart for bitcoin's price lifetime.

In short: Expect it to go up, but each time less than before.

This unfortunately is the big game stopper. "a few hardware" might be receiving data. but sending? This is an order of magnitude more complex, AND expensive, even if they let random people send data as well (which i doubt). And checking their site, there is zero mention of data upload (via antenna), you can send them some text file from the internet for them to broadcast, but that's about it. It IS unidirectional...

I would have tried it if they had chosen a different satellite for South America, instead of something Mexico centered, perhaps something more Brazil centered...

There are scammers everywhere waiting and lurking for their next victim.

Location based, countries with broken justice system, hyper-corrupt and with bad relations with the victim's country tend to thrive. I remember reading long ago that, within the US Florida had the highest spammer per capita within the nation. Not sure if scammers as well.

Did you watch the 2019 Australian movie "I Am Mother" yet? Perhaps you should...

Cats just use you at their convenience...

Now everyone will be asking those scientists about cats. My guess is, the human probably does make the oxytocin, but the cat maybe not...

But then again humans make oxytocin for a myriad of reasons lol.

Seems the dog study was done in 2003, talk about old news...

If car tires are so strong, imagine airplane tires lol... I can guess they will outlive you, at least the rubber part (even if the straps break).

This is a concept called reusing. There are 3 Rs remember? Reduce, Reuse, Recycle. In that order...

I have also seen people making sandals or such from tires, but mostly artisan level. Would be nice if some large plant could somehow industrialize this process because the amount of "raw material" (discarded tires) is as big as the potential market but i don't think this can be made cheap enough, even with free supplies.

Yeah tyre is the British spelling

That just came in the bOS channel, there is people lowering the speed of chips as an alternative of powering off (if no pdu/breaker with remote control).


Less efficient than yours, but pulling way less power

Goal would be to find the setting where the boards remain hashing but with the smallest power and noise use, even if its not the most efficient (ie. not 80W/T). This begs for experimentation...

The idea being: when certain condition occurs, swap cgminer.conf with these settings for "low power mode" (since S9s can't be turned off on their own).

I assume OP has the plant connected to a grid tie inverter and is currently (also) freely drawing from the grid as needed...

I have no idea if the hydro plant can somehow communicate this condition to a computer to act upon. I suppose it does, or maybe the grid tie inverter itself?

Any country that bans bitcoin is refusing wealth that will go elsewhere. Be it India, Bolivia or America... I doubt he will do such a think, EVEN if he doesn't like it, its not like he can make it disappear either. Properly studied, he will have to reach the same conclusion others (such as Japan) did.

Rather than an unsuccessful ban, rather try regulation as best as you can. And yes, neither can achieve perfection, but one choice harms you more than the other, but yea, you are harmed either way. Bitcoin separates money from State, so you lose your chance to manipulate the money, something new in history.

Perhaps as deep impacting as when they separated church from state...

Our descendants might as well just wonder how could we be so primitive. The government has the power to make everyone poor overnight (see Venezuela). This has occurred over 40 centuries without bitcoin...

Just because (so far) you had "nice" governments that didn't decide to make you very poor every year (they only make you slightly poor so you don't rebel), doesn't mean they don't have the power to do so.

Bitcoin removes them that power, forever. Government/institutional control of money can only lead to disaster. Its only a matter of time...
Do you want to live under a time bomb? Defuse it, go bitcoin.

Nobody thinks of this until it happens, but then its too late. Yes the people of Venezuela once upon a time, had savings in the banks after decades of honest work they expected to retire and enjoy, and then it happened...

Read history (that book), you'll see this is anything but new. If/when this comes to you, you won't have time to move your fiat into bitcoin, as it happened to 99% of the people here.

With Bitcoin banks are optional. You can keep using them if you want, if you are unable to secure your own money yourself, and you want to pay others to do it for you. This is what the original banks were made for, full reserve banking, not unlike online wallets.

Indeed fiat is manipulated by governments and private institutions, because they can. With bitcoin, they can't. Fiat is purposely devalued every year following school of Chicago economy dogma that deflation is evil. Actually, deflation is good, but that school is not. You need to study the Austrian school to learn, rather than fear deflationary economy.

Unfortunately challenging the dominant school of economy will turn the universe of many people upside down. Even in this forum, there are many who don't know exactly why, but fear deflation. Its the school of Chicago dogma they have received all their lives from different sources.

Why are banks giving you money in exchange of you giving money to them? Scam? YES! Its called fractional reserve banking.

Austrian school promotes the return to full reserve banking where YOU give money to the banks so they keep your valuables safe. Yes YOU, not THEM. Remember, banks are optional, not the other way around...

If you want to pierce the lies, read: https://mises.org/

Once you understand and embrace deflation, you will see how bitcoin fits perfectly. Bye to debt (Chicago) based economy; Hello to (Austrian) savings based economy...