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281  Bitcoin / Bitcoin Discussion / Re: Article from Coindesk. Are Bitcoin Developers Losing Faith in Lightning? on: April 07, 2024, 06:56:21 AM


Newbies, it was the UASF that activated Segwit, https://bitcointalk.org/index.php?topic=1805060.0

Study Bitcoin history. Study BIP-148.


wrong again.. you are stuck in doomad nonsense scripts of 2018

here i showed you and him(many times and many topics) a nice colourful image of the versionbit and user agents of the era..(you can verify it with blockdata and other stats)

blueline reaching its threshold, triggered the redline to then go from natural wiggles of 45% to unnatural /-\ 100%

as you can see UASF didnt even get 20% popularity!!


Of course you would show that image to everyone in the forum without context and without the source. Roll Eyes

This is the source, it's from Reddit /r/btc, the home of the big blockers, https://www.reddit.com/r/btc/comments/8golyn/what_caused_the_miners_to_activate_segwit_threat/

¯\_(ツ)_/¯

And for the context, that image illustrates that actual point that Jihan Wu and the miners cabal are working together with the signatories of the New York Agreement. In fact, they were also signatories of the agreement. The formation of the NYA also proved that desperation among them was starting because the UASF was not going to concede. It was actually starting to win some of the Core Developer's support, like Eric Lombrozo.

Newbies, study history, https://learn.saylor.org/mod/book/view.php?id=30784
282  Economy / Gambling / Re: [ANN] SportScore.io Live Sport Analytics For your Sport - Blockchain Sport Bet on: April 06, 2024, 11:37:45 AM
As of now, I have a hard time understanding how that`s a blockchain platform. It looks like a "regular" Livescore website and you have been announcing additions more than half a year ago while at the same time, mentioning some token airdrop. It`s all very unclear and vague.


You'll be giving it a low review I presume? Hahaha. The same as the other casino services, I'm also giving it the benefit of the doubt. Plus the admins/team might be looking for more capital from investors to continue development Although, investment and capital might be easier to find currently because it's a bull market. It just depends on the team's motivation in how fast they want to build a minimum viable product for beta-testing.
283  Bitcoin / Development & Technical Discussion / Re: (Ordinals) BRC-20 needs to be removed on: April 06, 2024, 11:20:24 AM


Or did I simply misunderstand, and you're trying to say is Lightning "can be built" on top of other chains, not only Bitcoin?


That's what I meant, even though there is little to no reason to do it elsewhere.


No reason for off-chain unless the high demand for on-chain transactions fill the mempool and/or block space to its full capacity. Ethereum has built off-chain layers, which proves that on-chain, nothing can defy the limitations of hardware and bandwidth. Plus DYOR on Solana's congestion. Their assumptions flawed and laughable. Their developers are not telling their users/community the actual truth on how their design will not work unless they increase bandwidth and hardware requirements while block space demand surges- which would also centralize the network. A fee market must also exist to prevent attackers from spamming the network - currently the surge of spam in Solana is causing transaction failures.
284  Bitcoin / Bitcoin Discussion / Re: Article from Coindesk. Are Bitcoin Developers Losing Faith in Lightning? on: April 06, 2024, 07:46:10 AM
Don't get me wrong — I hope Lightning does succeed, but if Lightning amounts to nothing in the end, do we actually have an alternative solution for scalability? It seems that Bitcoiners are betting all their cards on Lightning. Not a fan of halving the future of bitcoin payments in one company.

This is why ever since 2017 I've been saying we will always need on-chain scaling alongside everything else we do. This is also why I was a fan of the 2x part of the SegWit2x thing regardless of the other crap that surrounded the proposal.


I'm confused, because if indeed the community would support a hard fork into bigger blocks, then why does Bitcoin need to go through the Segwit soft fork? A hardfork would not only be an opportunity increase the transaction throughput, it would also be an opportunity to make Bitcoin's code cleaner/fix the transaction malleability issue, no?

That "other secret crap" that was behind 2X's proposal was to fork Bitcoin away from the Core Developers.

windfury you are soo wrong yet again
you cant even be bothered to read the NYA or the proposals or code, or anything to back up your mentors narrative you copy and recite like a drone zombie


the reality and fact is(which is backed up by the NYA own words and code and versionbits in the immutible blockchain, is that X2 was a FAKE/empty promise to eventually give the community (at some un-dated future vapour time) 2mb base block IF they first agree to the mandate flag of normal segwit first.  and yep after segwit happened the talk of the 2mb did not continue.. core+NYA got their way so 2mb blocks talk ended as soon as segwit activated

x2 was not a deviation away from core, it was made by core sponsors(nya) to bait and switch the community into complying with segwit via empty promises, basically core+nya came up with a faked second option to make it feel like a choice but all paths lead back to giving core and their sponsors what they wanted, try reading things for once. look at who funded and wrote the NYA of the segwit+2mb(x2)

try learning for once


frankandbeans says anyone debating him is "wrong" and he wants you to learn, BUT the "correct information" that he has posted is a conspiracy theory made inside his own mind that even big blocker Deadalnix himself would find very VERY foolish and laughable.

 Roll Eyes

This gaslighting-4D Chess of yours will not work frankandbeans.

Newbies, it was the UASF that activated Segwit, https://bitcointalk.org/index.php?topic=1805060.0

Study Bitcoin history. Study BIP-148.
285  Bitcoin / Development & Technical Discussion / Re: Bitcoin Testnet and it's Functionality on: April 06, 2024, 07:25:23 AM

I've heard some say the testnet is just like using the real things.  However if that were the case, wouldn't the debate for larger blocks and what to change or implement, not really be a debate since you'd be able to test everything out to find out for sure?  Would lead me to believe that it's helpful but not really just like the actual blockchain.


Ser, we already have a few forked Bitcoin shitcoins that literally have bigger blocks running now. I believe that's a better "test" in practice because it's in a live situation. But how much of each of Bitcoin Cash's blocks have truly been filled to its full capacity? Probably almost none? Have they not considered that the underserved that truly need Bitcoin are currently not that many?


Looking at https://blockchair.com/bitcoin-cash/charts/average-block-size, it's true block size usually below 1MB. But don't forget BCH community did stress test in past, which can be used as reference.


I believe not. A stress test is artificial, and we can't truly measure practically how much a network will centralize in a mere stress test. Do you want to observe an actual stress test? Look no further than Ethereum. They said that their network is "fast" therefore fees will always be "low". The current state of their network proved that there is ALWAYS a point of saturation.

If you want to look further, I DYOR, and observed a fast blockchain called "Solana". Their core developers designed the network to always have low fees, with no fee market, and with high transaction throughput. Currently their network is VERY congested, and there's a high failure rate for transactions because they're being dropped. Plus it's very cheap for spammers to sustain those actions.
286  Economy / Gambling / Re: [ANN] SportScore.io Live Sport Analytics For your Sport - Blockchain Sport Bet on: April 05, 2024, 08:47:55 AM
If I'm not mistaken, there is one bookie that also uses smart contracts, namely the sister site of one of the famous casinos on this forum, but the bookie doesn't have an ANN on this forum so it doesn't get enough attention.
Would you mind sharing the name of the site? They don't have an ANN thread here but I'm interested to check.


I also want to check that casino/sports-betting service too! We can also make a topic about it, and open the discussion for reviews and experiences of its users.

I believe one of the biggest narratives of the current cycle will include Bitcoin DeFi and Bitcoin on-chain applications. It has the potential to release more liquidity into that market and it will probably bigger than Ethereum in my opinion.


I think it's more appropriate if someone who would create an ANN thread is part of the team so we can get direct answers from them. Since they have a sister site, then for sure they are already awaree that this forum exist and the most popular on crypto discussions, and that includes gambling as well.

I'm not so familiar with "Bitcoin DeFi and Bitcoin on-chain applications." relating to gambling, as personally in my simple understanding, I use a typical type of casino but the payment is just through cryptocurrency, but I'd love to learn though as innovation is unstoppable.


I'm not that familiar with them as well, but the liquidity that was released in Ordinals, especially the BRC-20 token "ORDI" was very large, I believe we haven't seen the true potential of Bitcoin DeFi and other Bitcoin denominated markets. I'm merely speaking from a speculation perspective, and a perspective of shitcoinery. I HODL only Bitcoin, but I might be tempted in some Bitcoin-denominated shitcoinery. Hahaha. Will that be risky "trading"? Cool
287  Economy / Economics / Re: Energy Crisis 2.0 in the New World Order era on: April 05, 2024, 08:19:38 AM

Yes, indeed, oil prices have risen to the $90 area and experts predict that if OPEC won't increase production, prices are going to exceed $100 in Q3/Q4 2024. Perhaps Ukrainian trolls can comment?  Grin


That's probably a good time for the United States to increase their Crude Oil production further, no? Their domestic economy alone could buy more than 50% of that, with the rest of it going to other regions of the globe. The OPEC doesn't have the monopoly on the production of Crude Oil, therefore higher prices would also be advantageous for those countries like the United States, China, and Russia which do NOT belong to OPEC.
288  Economy / Economics / Re: Energy Crisis 2.0 in the New World Order era on: April 04, 2024, 04:57:55 PM
Remember last year the false arguments some users were making about OPEC countries reducing production while price drops? That was false because their reduction was supposed to start this year not back then. They just made the decision then and made it public.

Surely enough as they started cutting supply with the start of 2024, the price started rising and in first quarter of this year we are back to $90 a barrel again. Of course there are other contributing factors as I've already covered them multiple times, but this chart clearly shows the effects of that supply cut:



That's inflationary, and that would definitely force the Federal Reserve to keep it "higher for longer", then start taking a more hawkish tone again. Plus as prices of services and commodities go up further, the people's savings will run out sooner or later, which would make them take on more debt that they can't pay.

Therefore if the people have no more to spend = Economic Collapse. Demand goes down, prices go down, the economy shrinks, and Crude Oil prices will go down despite having cut the supply.

¯\_(ツ)_/¯
289  Bitcoin / Development & Technical Discussion / Re: Bitcoin Testnet and it's Functionality on: April 04, 2024, 02:56:00 PM

I've heard some say the testnet is just like using the real things.  However if that were the case, wouldn't the debate for larger blocks and what to change or implement, not really be a debate since you'd be able to test everything out to find out for sure?  Would lead me to believe that it's helpful but not really just like the actual blockchain.


Ser, we already have a few forked Bitcoin shitcoins that literally have bigger blocks running now. I believe that's a better "test" in practice because it's in a live situation. But how much of each of Bitcoin Cash's blocks have truly been filled to its full capacity? Probably almost none? Have they not considered that the underserved that truly need Bitcoin are currently not that many?
290  Bitcoin / Bitcoin Discussion / Re: Article from Coindesk. Are Bitcoin Developers Losing Faith in Lightning? on: April 04, 2024, 11:26:22 AM
Don't get me wrong — I hope Lightning does succeed, but if Lightning amounts to nothing in the end, do we actually have an alternative solution for scalability? It seems that Bitcoiners are betting all their cards on Lightning. Not a fan of halving the future of bitcoin payments in one company.

This is why ever since 2017 I've been saying we will always need on-chain scaling alongside everything else we do. This is also why I was a fan of the 2x part of the SegWit2x thing regardless of the other crap that surrounded the proposal.


I'm confused, because if indeed the community would support a hard fork into bigger blocks, then why does Bitcoin need to go through the Segwit soft fork? A hardfork would not only be an opportunity increase the transaction throughput, it would also be an opportunity to make Bitcoin's code cleaner/fix the transaction malleability issue, no?

That "other secret crap" that was behind 2X's proposal was to fork Bitcoin away from the Core Developers.
291  Economy / Gambling / Re: [ANN] SportScore.io Live Sport Analytics For your Sport - Blockchain Sport Bet on: April 04, 2024, 11:02:36 AM
If I'm not mistaken, there is one bookie that also uses smart contracts, namely the sister site of one of the famous casinos on this forum, but the bookie doesn't have an ANN on this forum so it doesn't get enough attention.
Would you mind sharing the name of the site? They don't have an ANN thread here but I'm interested to check.


I also want to check that casino/sports-betting service too! We can also make a topic about it, and open the discussion for reviews and experiences of its users.

I believe one of the biggest narratives of the current cycle will include Bitcoin DeFi and Bitcoin on-chain applications. It has the potential to release more liquidity into that market and it will probably get bigger than Ethereum in my opinion.
292  Bitcoin / Development & Technical Discussion / Re: (Ordinals) BRC-20 needs to be removed on: April 03, 2024, 03:29:52 PM
A project that is centralized in Vitalik hands, was premined and was rolled back like Ethereum blockchain, is not a decentralized project and blockchain.

If Ethereum can not be decentralized, other altcoin projects and blockchain are only more centralized than Ethereum.

Just because ETH is centralized (even more so with PoS), it doesn't mean that every altcoin is centralized. That's a bit dismissive, don't you think?

Are Litecoin, Monero centralized? Just to name a few...

Regarding Lightning, necessity is the mother of invention.

When on chain transactions are dirt cheap
, there is absolutely no reason to use L2:

https://litecoinspace.org/

Bitcoin was like that 15 years ago...

If Litecoin became really popular, then it would face the exact same scaling issues.


There will always be a reason to use an off-chain layer on top of Bitcoin that utilizes actual Bitcoin transactions. I believe for those altcoins users that want Bitcoin HODLers to use their chains, prepare to be disappointed if your network won't incentivize HODLers with earning more units denominated in Bitcoin. Your network needs the liquidity more than Bitcoin needs your smaller liquidity. Plus if there isn't a bridge that doesn't rely on third parties to convert Bitcoin and use your chains, then let the "necessity is the mother of invention" build one.
293  Bitcoin / Bitcoin Discussion / Re: Craig Wright Satoshi Claim Case Update on: April 03, 2024, 10:40:00 AM

they are again now claiming BSV is bitcoin made by satoshi so pretending the judges freeze of CSW assets is proof of satoshi

they keep forgetting that bsv came into existence in 2018 not 2009


That sort of gaslighting will not work anymore. How stupid do they actually believe the community currently is after Craig Wright was condemned by the very people who have revolted, in some way, against Bitcoin. I have come to respect Vitalik Buterin, Marc Andresen, and Roger Ver for saying that Craig is NOT Satoshi. That shows that their hearts are in the right place, although opinions, beliefs, and understanding of things in Bitcoin Land differ.

you need to learn alot more about EVERYTHING


From who? You? Hahaha! Laughable.

Quote

gavin andressen wanted to retire from bitcoin.. he said in like 2010-11 that he would only spend 5 more years invovled in bitcoin.... so knowing 2015-16 was his retirement plan he took whatever golden handshake he could find and leave.. knowing his reputation didnt matter
so he took the money to say bullcrap. thinking it would not lead to anything big, and thought the drama would die out in months. so no harm no foul
yes later when he was out of contract he come clean..

R.Ver is a business man and with the troubled of bitinstant debacle he needed to pivot. he didnt intend to create BCH, BCH was created for him via the mandated rejection of old versionbit blocks(via the core sponsores(nya) bait and switch). and so he took that opportunity. and then done a deal with CSW a year later to help break BCH to BSV and was bought into promoting CSW. again for a payday..
even calvin ayres and nguyen and others sponsoring BSV dont truly believe in CSW they are just looking for riches from promoting his schemes with empty promises of huge returns


Is that the truth, or are you gaslighting/making things up again, frankandbeans? Because by saying that through a written post, and making everyone believe that to be true, could be considered libel.

Quote

its obvious no one believed in CSW and then wised up..  but instead they were guided by payouts thinking they can get rich and then CSW drama would kill itself instantly thus not cause long term issues, thus didnt care to promote a nonsense story for a while

even your mentor is not guided by information or proof, nor care for things that actually benefit bitcoiners. he is guided by empty promises of his own possible future riches if he promotes stupid stuff like recruiting people to move to other networks.. as for your motives to ignore actual block data, actual code, actual history, actual things that can benefit bitcoin.. to instead just idolise and trust idiots because they show friendliness(or make promises to you).. well thats your own story to tell one day


Is this 4D Chess? You're making false statements against your mentors for me to defend them? ¯\_(ツ)_/¯
294  Bitcoin / Bitcoin Discussion / Re: Craig Wright Satoshi Claim Case Update on: April 03, 2024, 08:18:35 AM

they are again now claiming BSV is bitcoin made by satoshi so pretending the judges freeze of CSW assets is proof of satoshi

they keep forgetting that bsv came into existence in 2018 not 2009


That sort of gaslighting will not work anymore. How stupid do they actually believe the community currently is after Craig Wright was condemned by the very people who have revolted, in some way, against Bitcoin. I have come to respect Vitalik Buterin, Marc Andresen, and Roger Ver for saying that Craig is NOT Satoshi. That shows that their hearts are in the right place, although opinions, beliefs, and understanding of things in Bitcoin Land differ.
295  Economy / Speculation / Re: Buy the DIP, and HODL! on: April 03, 2024, 06:22:20 AM

You may sell your BTC during the bullish period of, which may be a sign of good business. Now you bought again at the time of low market, here you stayed with Bitcoin and increased the profit margin.


I disagree with this strategy because it is for those who are in bitcoin for short-term profit. Secondly, this strategy will make you miss out on bitcoin if you sell it for short-term profit because you will have a price where you would like to buy back your bitcoin, and if bitcoin fails to dip to that price, you can't buy back your bitcoin. You have to change your mindset to long-term holding on bitcoin because it is through holding that you can get the real profit.


Plus the person is only giving himself an opportunity to MAKE A MISTAKE. Those people that tried, only a few actually did that successfuly. How many people in the topic could actually say they can always do it perfectly? I would say that they are the most profitable traders in Bitcoin Land. If many people claim to have such great skill in trading, I would ask what are you doing shit-posting in the topic? We're mere plebs who are here to learn from each other. Cool
296  Bitcoin / Development & Technical Discussion / Re: (Ordinals) BRC-20 needs to be removed on: April 03, 2024, 05:42:46 AM
[...]

Theoretically, lightning can work without Bitcoin, but practically, it has little to no purpose. I presume that's what pooya meant. You'd use lightning mostly to avoid paying an outrageous amount of money for a low-value Bitcoin transaction, but beyond that it isn't useful. Litecoin's mempool is mostly empty, micro-transactions can take place there cheaply and get confirmed soon enough. Needless to mention that most lightning software is written to work on Bitcoin and isn't tested anywhere else.


What does that mean, ser? Practically those channels in the Lightning Network are actual Bitcoin transactions that haven't been settled on-chain yet. What Lightning could be is a sort of organized mempool where users could send and receive Bitcoin pre-confirmation.

Or did I simply misunderstand, and you're trying to say is Lightning "can be built" on top of other chains, not only Bitcoin?

¯\_(ツ)_/¯
297  Economy / Gambling / Re: My betting strategies on: April 03, 2024, 05:16:32 AM
Your strategy is good because you pay attention to the little things. These points contain something that will help you win a sufficient amount of money over a long distance, or lose significantly less than we would have done without it. Each sport has its own nuances that you should pay attention to, but only if you apply them all together will they give a positive result. You can add one more point, but you need to pay attention to each player and take into account his individual abilities and his moral stability in order to win back, etc. It is possible to notice this in teams only in one league, which has been followed by loyal fans for many years, so this is not available to many.

Sports betting is all about knowledge, someone who gets into sports betting has to pay attention to everything about a team or an individual that is involved in a game they are about to bet on because they need to analyse everything when they are doing research, and for better and proper analysis, one needs a lot of knowledge and information about each side involved in a competition.

Positive results can be yielded from sports betting if someone pays a lot of attention to small details about each match and each sport they want to make bets on. So the main point is, that sports betting can be profitable for those sports bettors who know sports very well, and not everyone.

Now even those experts are having problems, the more information we can get about a particular sport, the better prediction models casinos can create and this in return generates more precise odds, so a skilled sport bettor needs to keep improving their system or one day they may find that the system that gave them profits on the past is not able to beat the casinos anymore, an occurrence I have read it has happened a few times before to some of those professional bettors.


It's probably like trading, no? The strategies that made some traders a lot of profit will probably not work because of different market situations/conditions/environment. Last cycle, Bitcoin didn't surge as much as the cycle during 2015 - 2017, but probably during the current cycle, everyone would need to adapt and expect a bigger surge because of the ETF and the "Bitcoin DeFi" narrative.

In sports-betting, it might be rule changes, strategy, adoption, player changes, coaching and staff changes, and probably also ownership changes.
298  Economy / Trading Discussion / Re: "Everyone" is all wrong about Bitcoin... on: April 02, 2024, 11:50:20 AM
Almost everyone is wrong, and only because; Bitcoin is not at all about all the deep dips but the stabile growth with the high peaks. That's it and that's all of what most of them just don't get.

Everyone is really overexaggerating I would say. There were huge dips in the past and we can't really deny that, people are free to say it like that because it was real and true. Those huge dips were a great opportunity for us to grab some bags with cheap price and then you had a chance to get a bigger profit when it's the right time in the future. There will be always some of those in the future as well, you can't avoid that.


Those people like OP that say it's not about the DIPs, or about buying those DIPs, are those same people that denominate their capital in fiat. DIPs, and buying those DIPs, would truly matter if we denominate our investment capital 100% in Bitcoin. The more you buy the DIP as a buying strategy, then the more units IN Bitcoin you'll HODL.
299  Economy / Gambling / Re: Blackjack.fun |SLOTS|SPORTS|ESPORTS| JACK Token on: April 02, 2024, 11:37:15 AM

A very lucky spin if that was the user's last money in the casino. RNGesus doesn't want him, or her, to stop. Cool

Is Chaos Crew a slot-machine with a progressive jackpot? Low return/low chance of winning with a possbility to win a very large jackpot, I believe, is common for those slots with progressive jackpots. There are old people in the casino that say that players should wait for the progressive jackpot to be "fat enough" and be ready to shit before playing them. That probably "could be" true because as a matter of policy, casinos should always have the occasional jackpot winner.

He is betting approximately 3$ per spin which is very high for a player having a near empty bankroll. Possibly he available a buy bonus since a user that can afford to spin with that amount is usually don’t want to spin manually.

However, there’s a possibility of what you said is correct because I do this sometimes when I have  few dollars left on my balance coming from my bonuses claim. But this is very rare and he is very lucky if he manage to win on this mannerCheesy


Plus sometimes the jackpot winner gives back most of the money from the jackpot to the casino again. That's simply the life of a gambler. Money will flow througn your hands, then to another person's hands, then another making everyone touch each other's money. Hahaha.

-snip-

No, it's not a progress jackpot.


Do you know the names of those slot-machines that have progressive jackpots? Or can they be played only in brick and mortar casinos?
300  Bitcoin / Development & Technical Discussion / Re: (Ordinals) BRC-20 needs to be removed on: April 02, 2024, 08:28:07 AM

Aging myself here, but does anyone else remember a time when DeFi was meant to accomplish disrupting legitimate industries such as notary services, remittances, etc? 

i can't quite recall back that far but i do remember how they used to proclaim how "defi" was going to save the "unbanked". imagine that. someone that doesn't even have a bank account, did that ever make sense how they would suddenly be able to transact on an expensive blockchain called ethereum just so they could do what? no one even takes ethereum as payment in the real world so there's that...but someone that doesn't even have a bank account probably doesn't even have a phone because there's tons of bank accounts you can sign up with BY PHONE...and actually use to buy things from places. unlike with ethereum.


It all comes down to how you define Decentralized Finance. You could put Bitcoin and what it offers under the category of "Decentralized Finance" and it does offer a solution for the "unbanked". The problem is when these days people talk about "Decentralized Finance" they are referring to the DeFi token creation hype where they create an utterly useless token on a token creation platform like ethereum and pump and dump it. That's not Decentralized Finance at all! That's more like selling dog poop in a pretty bag!


But can dog poop in a pretty bag make one Bitcoin grow to two Bitcoin? Sometimes when an opportunity comes to earn using dormant capital merely stored in a wallet, we should probably take some risk, no? Bitcoin "DeFi" from Asia might be the largest narrative for Bitcoin this cycle. If the price surges to $100,000, what's the next prediction? $500,000? I will merely wash my hands after picking up then selling the dog poop.
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