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2781  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs CBDC - Print your own stickers on: January 19, 2023, 06:04:47 AM
CBDC is just the world banksters following a hype trying to keep their relevance in a world that has a decentralized currency called bitcoin. I don't see the point in it and I see even less point in printing stickers and bitching about it on social media because it won't change a thing.

I can only see a possible silver lining which is these centralized altcoins have the potential of replacing centralized shitcoins called stablecoins and reduce the risk they impose on the cryptocurrency market.

Politicians don't watch transactions. Banks don't watch transactions either
I have 3 letters for you: N+S+A Cheesy
2782  Bitcoin / Electrum / Re: Can we sign a message with invalid address using Electrum? on: January 19, 2023, 05:50:56 AM
I wonder if the AI (or maybe AD, "artificial dumbass") actually decoded the base58 address and messed up on converting the ones to zeros and and reporting the final hash after removing the initial zeros for being zero ergo enduing up with a 16-byte hash instead of 20.
That's the only reason I can think of for a tool to reject a bitcoin address like 111113DUwES2ZNWSJztA3oBuhzfcdmiaG.
2783  Bitcoin / Development & Technical Discussion / Re: Miner activated hard fork (MAHF) on: January 19, 2023, 05:13:12 AM
I believe it's part of the experiment, and I don't think everything will fall apart especially in this part of Bitcoin's evolution when the self-interest of each participant must find some balance with the interests of the group. Eventually, the participants will come into consensus to find the balance where everyone is incentivized to keep everything running, and to keep everyone participating.
There are certain principles that Bitcoin was built upon like pillars. You can't say if these principles (consensus) are changed things won't fall apart because the result will no longer be Bitcoin as we know it.

and the Big Blockers who were debating for a block size increase/Hard Fork.
Lest we forget, The problem wasn't just that they were arguing for bigger block size, the problem was that they were arguing that block size increase should be the only solution to scaling bitcoin.
Their proposals were also crazy like saying block size should be "unlimited" (eg. 2 TB blocks which later on turned into shitcoins like BSV) or they argued that the miners should have full control over the future of block size and decide whether they want to increase it and how much.

This is why their proposals never got anywhere, otherwise I personally believe that the block size itself should be increased by a hard fork at some point in the future but the main scaling solution should still be a second layer not the block size.
2784  Bitcoin / Development & Technical Discussion / Re: Layer 2 Vs Sidechains on: January 19, 2023, 04:54:34 AM
Second layer as the name suggests is a "layer" and like any layers it is made on top of a main "bed" which in case of bitcoin is the main-net and its blockchain. That means second layer is a network that completely relies on the main network it is built on and if the main network has any problems (eg. it dies) the second layer will experience problems (eg. it dies too).
Example: Lightning Network

A side-chain on the other hand is as the name suggests a "chain", a separate chain that has a "link" to another chain but it doesn't completely relies on it. They are usually "pegged" to the main network. That means any problems in the main network may not completely affect the side-chain.
Side-chains can even have their own mining algorithm and a stand-alone blockchain.
Example: Rootstock, Blockstream's Liquid,...

This difference is the reason why 1 LN bitcoin is exactly 1 bitcoin but 1 sidechain bitcoin doesn't have to be 1 bitcoin, it could be 1000 wrapped-bitcoin or 0.5.
2785  Bitcoin / Development & Technical Discussion / Re: Reuse Nonce Faulty Sig Attack on: January 19, 2023, 04:40:52 AM
You can't just increment h and s!
H is the hash of the message and is not predictable let alone be incrementable and s is computed using k, h, r, d so again it is also no incrementable.

The article also makes little sense to me, since you can't have the same k but different r values since r is computed using k (multiplied by G) meaning rf should be equal to r already otherwise it is computed from a different k value which means the equations used there are all wrong.
2786  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: January 18, 2023, 06:57:22 AM
~ targeted by HIMARS ~ inflict pinpoint strikes
FWIW if HIMARS was used you can't technically call it "pinpoint" strike because HIMARS is a rocket launcher and rockets by definition have lower accuracy since they are not exactly "guided" like missiles and pinpoint accuracy is a much higher accuracy that rockets can not have by design.
2787  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: January 18, 2023, 06:47:25 AM
However, it would (in turn) be a smart economic decision for Russia to diversify its energy exports.  Russia could sell part of its hydrocarbons to Europe, and part to China and India. 
AFAIK Russia is also diversifying their energy sales, part of it is still going to Europe directly through gas pipelines and some through LNG exports, part of it is going to Europe through third parties like gas through Turkey and their oil through Iran, their sales are also to China, India, Pakistan and at leas half a dozen other Asian countries, there are also some work being done about installing more pipelines to sell to a couple of other countries in West Asia through third parties.
2788  Bitcoin / Bitcoin Discussion / Re: [NEWS] - $9 BILLION EUROPEAN DIGITAL BANK N26 ENABLES BITCOIN TRADING on: January 18, 2023, 05:56:28 AM
Anyway, the only thing that I concerned here is the fee. Imagine if you will buy or sell bitcoin for all cryptocurrencies, the bank will charge up to 2.5%

One more thing is that they do not support custodial wallet. Therefore, you cannot move your bitcoin once you bought it in their platform.
Generally speaking when a centralized entity enters the scene it is rarely a good news, in this case if these two conditions are true then it is definitely a bad news not just because of the high fee that makes no sense to use this service but also because of the fact that users won't even be buying bitcoin, they are buying something virtual that does not exist but is called bitcoin since they can not withdraw actual bitcoins.

That also sounds scarily like fractional banking where they can even end up selling more bitcoins that exist and if things like this get big (eg. more banks do it) it could even end up affecting bitcoin price.
2789  Other / Beginners & Help / Re: My friend who work with Stable coin project asking advice suggestions on: January 18, 2023, 05:44:53 AM
Becouse all currencies going to blockchain
This is not true.
Some countries are making their own centralized cryptocurrency commonly referred to as CBDC but they are not "going to blockchain".

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so every blockchain Will have their own country stablecoins connected with cash machines so need for middle-men.
Not at all.

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So what blockchain Will be best ?
The goverment politicians are down for it but they want to know what blockchain Will be used?
If it my decision then i would choose tron or ETH
If the government is creating a stablecoin they must do it on its very own standalone network and possibly blockchain NOT relying on any of the altcoin platforms out there specially if they have a seriously flawed protocol with centralized and mutable blockchain.

Imagine if some day Ethereum foundation decided to freeze your government's funds or reverse their transactions and take over their money because some other government agency put some pressure on Vitalik Butterin!
 
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carry all the transactions with good speed
If speed is an important goal blockchain must not even be used.
2790  Other / Off-topic / Re: Think deeply before you conclude on: January 18, 2023, 05:38:30 AM
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If somebody claims that cryptocurrency is the future. Do not immediately label it a scam.
That's a very broad and vague statement.
Future of what?
Future of money? It is never going to happen. In the foreseeable future fiat will remain the future of money (the same fiat that is not even money). Cryptocurrencies will remain an alternative.
Besides, majority of altcoins are indeed scams and they have no future to begin with. Many of them are dying as we speak and being replaced by other useless coins.
2791  Bitcoin / Development & Technical Discussion / Re: Miner activated hard fork (MAHF) on: January 18, 2023, 05:01:47 AM
if the favoured CEX nodes are going to reject blocks
In reality CEXes are never going to do something like that. It's pretty simple, a CEX only exists to make money and they make the most amount of money if they list more coins on their platform. In case of a split (where they have to reject certain blocks) they make the most amount of money if they accept both chains!

Look back to what many exchanges did back in 2017 by listing chains that never even existed like "bitcoin unlimited" and sold virtual coins at virtual prices to people, coins that never existed and were never supposed to even exist!
2792  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: January 17, 2023, 04:07:42 PM
Russia is losing its share in the export of hydrocarbons - other countries (competitors) are increasing their share in the export of hydrocarbons.
You should consider that part of Russian exports went underground meaning it won't come up on official reports. Many of it is also still heading towards Europe, specially the Russian LNG. 

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So (unexpectedly for Russia) China concluded a deal with Australia to buy Australian coal. 

Russia offered China its coal at a deep discount, but China (for some reason of its own) refused this deal and chose instead economic cooperation with Australia.
Did China really refuse coal imports from Russia or are they just diversifying?
So far I've seen Chinese diversify literary EVERYTHING (coal, oil, gas, raw materials, food stuff, machinery, technology,...) that's true for both imports and exports.
That's what every country must do instead of heavily relying on one source that could abuse that.
2793  Bitcoin / Development & Technical Discussion / Re: Miner activated hard fork (MAHF) on: January 17, 2023, 03:59:17 PM
ۤThe UASF was where every belief/assumptions in the politics and incentives in protocol changed. It was also "discovered" that it's the full nodes that create the demand for what the miners produce. Blocks.
The problems start when you start separating different parts of Bitcoin network. You can't have miners without nodes and you can't have nodes without miners. If one group or a sub-group of a group starts forcing something on others, everything will start falling apart.
2794  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: January 17, 2023, 09:58:44 AM
If a government is printing money to cover part of the cost of gas (and other) bills for home users of part of the population ("price cap") that doesn't mean gas price hasn't gone X% up*, it just means that household users aren't screwed at once. It also means that inflation is also going to shoot up after some time when the effects of that money printing starts showing up like what happened after COVID19 money printing.

* I say X% because I have no idea what the real percentage is. Every source is reporting a different percentage. Eurostats says gas prices for housholds have gone up from 0% (Hungary) up to 150% (Estonia). I've seen other stats like UK Parliament reporting about 200% price rise. I've seen news articles from experts claiming various percentages too.
I've also seen regular people claim their bills have gone up between 8 to 12 times (that's 700% to 1100%). And of course one or two posts on this forum where some users claim the rise is about 50%.
And so on.
2795  Economy / Economics / Re: EU solution to energy crisis: print more money and ensure economic crisis! on: January 17, 2023, 07:10:14 AM
European countries are getting deeper in debt as the energy crisis worsens. For example Germany is going to set a record high debt of $539 billion according to bloomberg
Since you don't live in Europe, you can chill and relax.
Despite some other users insisting on changing the subject, I'm trying to analyze The Big Shuffle that is taking place on a global scale affecting everyone who is living on earth! Such big changes have always affected everyone in history, specially when the World Order is being replaced.

In my opinion what happens to Europe in the next couple of years is the defining factor in the New World Order, hence the focus on Europe.

By the way I want to remind you that Germany had an unbeliveable hyperinflation. It was so severe in 1920 that a waiter would stand up on a table every 30 minutes to call out the new prices. And imagine, in one century Germany, after the ww1 and ww2, managed to become forth largest economy in the world. Don't underestimate Germany and German people.
That's true but you need to expand your view instead of focusing on one country; everywhere you look in the history you see the same rise and falls repeated over and over again. Empires rise and rise until some day they fall and then from those ashes they rise again.
2796  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: January 17, 2023, 06:45:58 AM
Today again attack on Dnipro apartments killed more than 40 people including children.
Its been months that Ukraine has been attacked - isn't there any rule of war to be stopped after the X numbers of day - this. is beyond horrible.
Sadly there are no laws on the global scene specially none when a country invades another. If you look at all other invasions you can see that they do the same exact thing as Russians if not worse. There are dozens and dozens of cases for example when US invaded Iraq the largest part of their attacks were on civilians, the strangest thing I recently found out was that hundreds of Iraqi scientists were assassinated ever since the invasion started!

Unfortunately I don't see any difference in this invasion either. It will continue until either Ukraine is destroyed or Russia in completely exhausted like US did after 20 years and spending $7 trillion. Neither are happening any time soon though.
2797  Economy / Speculation / Re: what caused bitcoin to go up this january 2023 on: January 17, 2023, 06:32:49 AM
I didn't understand why whales would profit from futures' contracts if BTC stayed below 17,000$ by the end of 2022, but that is exactly what happened, as if the market was indeed being manipulated by big investors, working like a "dam" to not let Bitcoin pass further or through, just like now there is strong dam damming Bitcoin at 21,000$ price range.
There is always a lot of reasons for manipulating bitcoin market. Different entities have different agendas, for example one that I heard some speculators say was the fact that when other markets were crashing the capital was fleeing those markets, preventing bitcoin price from going up meant that capital wouldn't come to bitcoin.

Imagine what would have happened if when US stock market was crashing hard and people were pulling out of it, the bitcoin price soared like what happened 2 years ago... That is a nightmare of market-makers in stock market that they won't let happen.
2798  Bitcoin / Bitcoin Discussion / Re: Poll: What percent of your portfolio is stored in Bitcoin/Crypto on: January 17, 2023, 06:21:20 AM
Bitcoin and cryptocurrencies should not be placed in the same category since it would be like asking how much stocks and penny stocks you own. Even that is not the best example since even penny stocks have some utilities while altcoins have none!

In any case, I do not own or bag hold any altcoins even though I may trade them during their pump and dumps.
I have said it before that majority of my portfolio is bitcoin which is a high percentage, that sometimes makes me uncomfortable since I feel like I haven't diversified enough into other markets Tongue
2799  Bitcoin / Bitcoin Discussion / Re: It is ok to sell your Bitcoin. on: January 17, 2023, 06:05:13 AM
The problem is never with selling or buying, the problem is with panic selling and panic buying.
That means for example when the price falls down a lot and reaches the bottom the weak hands start selling after that inside the accumulation phase and when price is already down instead of before the drop and when it is still high.
Similarly the same weak hand start panic buying after the price went up and reached higher levels instead of buying in the dip and while price is already low!

Part of this behavior is because some people have have no idea what they are doing. They don't even know what bitcoin is, if you ask them to explain it to you they will say "it is profitable"!
2800  Bitcoin / Development & Technical Discussion / Re: Why do Bitcoin Addresses exist? on: January 17, 2023, 05:55:05 AM
You are slightly confused about how bitcoin actually works. It is not based on "accounts" or "addresses", bitcoin is purely UTXO based. Meaning each time you want to send bitcoin you spend UTXOs in a transaction by providing an unlocking script to the locking script of the UTXO using the smart contract system Bitcoin has in form of scripts.
Address is on a higher layer targeting the user and user interface to make it easier to use, not the low level protocol.
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