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2801  Bitcoin / Bitcoin Discussion / Re: Peter Schiff’s Bank Set To Be Liquidated; Will He Finally Turn To Bitcoin (BTC)? on: August 12, 2022, 08:31:34 AM
Simply, because he really believes bitcoin is a ponzi and that it's going to go to zero in the future.

We don't know what he really believes. As we agreed (I hope), what he tells can be true or can be false, we don't know.
Let's also agree that we cannot agree whether he has or not bitcoin Cheesy
2802  Bitcoin / Wallet software / Re: Weird Bitcoin wallets on: August 12, 2022, 07:19:59 AM
I guess that the Photo Seeds project may need mentioned here, at least briefly, since it was already discussed on bitcointalk.
Of course, like with the rest, it's (imho) riskier to use than a normal wallet with a normal seed.
2803  Bitcoin / Electrum / Re: Electrum New UX/UI. on: August 12, 2022, 07:04:18 AM
I want to discuss the topic of the new design for Electrum Wallet.
I think this design is outdated.
I suggest developers create a public address with money from which to pay designers .
What do you think about it ?
Is it necessary at all?

There were small discussions here and there from people wanting UI/UX changes, but again, small ones.
From what I remember the problem is that the UI/UX is too heavily tied with the underlying code, so first of all a huge refactoring/rewrite is needed in order to get to a decoupled UI that can be customized/rewritten by a designer.

So the first discussion is not about paying a designer - somebody may be doing it even for free if it's decoupled - the biggest problem is the changes in the code, which I guess nobody is too keen to make.
Then, a second discussion will be about UI/UX and has to be done carefully. I have quite an experience with designers doing things look nice and lack usefulness. If not done with extreme care, a new nice UI done by somebody not "dreaming" all the functionalities of Electrum may actually harm the product.
2804  Bitcoin / Bitcoin Discussion / Re: Peter Schiff’s Bank Set To Be Liquidated; Will He Finally Turn To Bitcoin (BTC)? on: August 12, 2022, 06:31:59 AM
Do you have any data to back that up or is it just a hunch?

Are you serious? How could I have a proof for this?
No, I don't have proof.

Because from a guy who says this, I doubt he would buy bitcoin:

You should know that what people say is not necessarily what people think. Especially what personalities say in public is what suits them best, not the actual reality.

Do you have any other idea why would somebody who has no business with Bitcoin, somebody whose business is a competitor of Bitcoin, post so much about Bitcoin (no matter it's always negative, it still posts a lot)? Why such a person spends so much energy talking about .. the competition?
2805  Bitcoin / Press / Re: [2022-08-09] Iran makes first import order using cryptocurrency on: August 12, 2022, 06:11:49 AM
Bitcoin is a good option for us (regular people), the governments want to have full control but they can't control anything about bitcoin. That includes the price which is volatile and that makes it a less desirable option for big trades.
But a gov-coin or CBDC is basically the same as fiat, they can control everything about it just like the existing banking system.

OK, it makes sense, however, when entity1 and entity2 make trade, my feeling is that if entity1 sells for entity2 IOUs or CBDCs (which value can be manipulated heavily and even turned to 0) is like giving a loan without proper collateral. Of course, a state will probably pay it (with the note that even national currencies' value is manipulated a little), still, using entity3 or, better, an independent "value" instead of entity2's whatever, makes more sense in my head.

The amount I mentioned above was the total in multiple countries not SK alone ($7 billion in SK), and it is not a "story", there has been a long conflict over this money for the past 4 years and they still haven't given it back simply because US doesn't let them!
This is for example part of this long drama last year:
https://www.forbes.com/sites/dominicdudley/2021/02/24/south-korea-agrees-to-unfreeze-1-billion-in-iranian-assets-following-tanker-seizure-by-tehran/

Complicated story. I don't know if it's SWIFT or the banks, but I've got the point. However, maybe my words were unfortunately chosen. I didn't say the story is false (I didn't know nor care much), my point was that it's shown to the public in order to not say "we want to avoid the problems Russia has with SWIFT" (which can easily happen due to what happens internationally)
2806  Economy / Service Discussion / Re: Another one bites the dust! But this one's different. The Hotbit case. on: August 12, 2022, 05:48:14 AM
The order to put a halt to all of the exchange's activities including deposits and withdrawals is not coming from the authorities. The cancelation of all unfilled orders and the forcible liquidation of all leveraged positions is not done in compliance with the investigating authorities' decision. They're all decisions of Hotbit.

Actually it can be also ordered by authorities, if they're investigating something else/something more, like, for example, inside trading, hack, missing funds.
However, as I said, I feel like Hotbit is either lying, either hiding some of the truth.
2807  Other / Beginners & Help / Re: Education about Bitcoin at Bitcointalk on: August 11, 2022, 12:20:28 PM

Welcome aboard!

While you've done more research than most newbies (well done!), I'd still say some things:
* as other said, be careful and learn how to also generate those paper wallets safely, locally, offline (then wipe/cleanup that system too)
* since usually a paper wallet is basically a pair private key+address (paper is not necessarily involved), the way of storing the paper wallets is also important (keeping private keys or wallet seed in e-mails or cloud storage, or your desktop, is not OK)
* it's good that you learn all this with altcoins of very small value, but also keep in mind to not invest too much time (and also no money) into projects that may have no future (i.e. the vast majority of altcoins).
2808  Local / Română (Romanian) / Re: Concursuri/tombole pe bitcointalk (sau pe aprope) on: August 11, 2022, 09:44:50 AM
Avem o noua re-editare:

[FREE RAFFLE] 489th- ฿ECAUSE I AM STILL IN A GOOD MOOD-CYPHER HODL PRINTED COIN
Link: https://bitcointalk.org/index.php?topic=5409473

Organizator: krogothmanhattan

Se poate castiga:
Moneda CYPHER HODL printata 3D.



Poate participa oricine are cont creat inainte de 1 iulie.
Modalitate de inscriere: se alege un numar (care nu a fost deja rezervat) de la 00 la 99
Transportul este gratuit in USA, in rest se discuta cu MinerJones pentru a fi trimis.

Concurs incheiat
2809  Economy / Collectibles / Re: [FREE RAFFLE] 1HoDLCLUB Special "DIY EDITION" free raffle ! on: August 11, 2022, 09:35:37 AM
congratulations to the winners. unfortunately no luck.

@rhomelmabini, what does such a coin cost and would you still have some?

You've missed the OP (it's actually MrCryptHodl) and you also didn't search for the name of the coin series either (1HoDLCLUB). However, here you are: https://bitcointalk.org/index.php?topic=5408085
2810  Other / Beginners & Help / Re: Who owns the rights to the Bitcoin Whitepaper? on: August 11, 2022, 09:30:28 AM
I want to know currently who has the rights over the WP.

Nobody. It's open source.

How a man can copyright something which was originally released under the open source MIT License?

He cannot.

After reading some articles about Craig Wright and removing the Whitepaper from bitcoin.org  it is a bit unclear.

We were puzzled too. It looks like in UK, no matter how wrong you are, if the other party doesn't show up for the trial, you may win. This is what I've understood from the matter.
And the whitepaper was "removed" only from bitcoin.org and only for Brits. it's still available in a lot of other places. And even on bitcoin.org, if you don't come from UK IP you can get the whitepaper.
2811  Bitcoin / Bitcoin Discussion / Re: I started business many days ago. Now it's time to accept Crypto as a payment. on: August 11, 2022, 09:25:54 AM
Feel free to suggest me more secure options and how to improve this.

The first thing that comes into my mind is "not your keys, not your coins". What I mean is that the crypto you'll be receiving... it's not you who will be receiving it, it's Binance.
You have an account there and in normal circumstances you'll be OK and you'll be able to withdraw or spend those coins. But.. what if..? With so many centralized platforms going bankrupt and freezing the user funds, it's a risk.

The usually recommended solution is self-hosted BTCPay server, but that's for situations people need new address for each payment. And it may need knowledge and hardware.
As you use same address for all payments, your own address in your own local wallet would do. Of course, I recommend you get yourself a hardware wallet to avoid hackers.

I will add that I've seen your address on that card is Legacy type. SegWit Bech32 addresses (bc1*) are newer and the fees to pay when sending to those are smaller. It also worth considering using those (again, in your own wallet).
2812  Bitcoin / Bitcoin Discussion / Re: Peter Schiff’s Bank Set To Be Liquidated; Will He Finally Turn To Bitcoin (BTC)? on: August 11, 2022, 09:04:50 AM
no matter what happens to his business, I don't think he will ever buy bitcoin.

I have a different opinion. I think that he has bought some bitcoin long ago and hodling. Of course, not for the tech, not for the freedom, instead, purely as investment. I see no other reason he spends this much time keeping an eye on everything that happens with bitcoin (and some more).
Of course, he may not admit that. That's a different story.
2813  Economy / Service Discussion / Re: Another one bites the dust! But this one's different. The Hotbit case. on: August 11, 2022, 07:56:40 AM
The reason? One of their former employees was suspected by law enforcement authorities of being involved in a questionable project. As a result, some senior managers were asked to cooperate in the investigation. Some funds of the exchange was also ordered frozen.

But why include all of the users' funds? Why the sudden freeze of the rest of the users' trading and withdrawal functions? Moreover, orders were all canceled. And, worse, "all leveraged exchange-traded fund positions will be liquidated." Finally, there's "no timeframe for resumption" of all activities.

I have a feeling that this is just a cover. I have a feeling they may be using the problems (if real) related to the former employee in order to do this or that, probably because their funds were not looking as good as they should. Is there any other side of the story available, or only what HotBit officials say?

However, we'll find out in time. And the users having funds there.. yeah Sad not your keys, not your coins.
2814  Economy / Economics / Re: Are CBDCs good for the economy? on: August 11, 2022, 07:12:28 AM
The stable digital currencies, also known as CBDCs have been gaining popularity in the last two years, especially after 2021 bull market.

This is a misunderstanding. Not all stable coins are CBDCs. CBDCs are Central Bank issued Digital currencies. Focus on Central Bank. They don't even have to be cryptocurrencies.

Recently I was looking at some news about CBDCs implementation in Australia, and I was wondering if this is something that could cause trouble or confusion within a local economy as it moves forward. Countries like Canada have developed contingency plans for this system, although I'm not sure how small countries could be affected by this. What are your thoughts?

CBDCs are just a (another) digital form of the local currency. So the big economic impact can be only over the card processing companies (like Visa/Mastercard) which, in case of CBDCs will no longer earn millions from fees (of course, the shops will earn by not spending for those fees). And, as said, it's expected CBDCs will have a massive negative impact on privacy of its users.
2815  Bitcoin / Press / Re: [2022-08-09] Iran makes first import order using cryptocurrency on: August 11, 2022, 07:05:11 AM
Or there is a higher chance that it is Iran's CBDC called CryptoRial

This is something I don't understand. They can very well use any kind of IOUs in the same way, I don't see why CryptoRial is seen as a good choice. I mean, Iran can declare in any second they no longer recognize CryptoRial and other states get scammed. (I know, it's not very likely, but still... Bitcoin is safer option)

any money sent through SWIFT can be stolen by SWIFT

With most of Russian banks being locked out of SWIFT, of course they are scared they'll face the same. The "stolen" part may be more a story for the public.
Even more, by avoiding SWIFT they can also (re)sell Russian oil they may get at discounted price.

The only thing the U.S. has to do is to add cryptocurrencies to this list and bingo: blocked again

Actually with crypto it won't be that easy, since one can buy/sell crypto P2P, avoiding the centralized platforms that enforce US rules.
2816  Bitcoin / Electrum / Re: Electrum syncing issue on: August 10, 2022, 06:11:42 PM
That's right, one of the addresses.
And it's probably just the number of transactions. How to solve such a problem?

Electrum servers have a default limit for the history of transactions; most public servers have the default settings, hence you may have not much luck there.
Some possible options would be:
1. Import the private key (safely) of only that one address into another wallet and try your luck - this may work because it will ask for history for only one address and not more.
2. Import the private key(s) into Bitcoin Core - but syncing means time and hardware (and a lot of disk space).
3. Find somebody who hosts an Electrum server that can be accessed from the internet (i.e. not for local use only) and ask him nicely to increase the limits until you do what you must, then move to a new wallet.
2817  Economy / Economics / Re: Russia More Than Triples Current-Account Surplus to $167 Billion on: August 10, 2022, 05:54:27 PM
Ahaha, you all quarreled there already, although the embargo only on coal began to operate only today. By December, when the oil embargo comes into effect, different EU countries will begin to pull the blanket over themselves. The European Union is sewn together with too fragile threads from too different countries and Europeans are too accustomed to a high standard of living for the European Union to be able to maintain its unity in the face of severe energy shortages.

You've watched too much propaganda and have read too few real news.
While shortages are indeed possible, it's the industry that will be affected most, not the population, exactly because the politicians love their seats.

Already several European leaders and governments have resigned since the start of the special operation in shameless invasion of Ukraine, and they will all have to resign - because that is how democracy works. And they will be replaced by more sensible politicians who will be forced to abstract from politics and begin urgently solving the economic problems that have accumulated since the pandemic - because that is how democracy works. And in order to quickly solve economic problems, it is not a shortage of energy that is needed, but its excess, which Europe, with all its desire, has nowhere to get from except Russia. Think about it at your leisure.

Russia is overrated and time will show this. Yes, the "green plan" lunacy will have to be postponed for a while, and the supply routes will get redefined.
Russia will be forced to sell less gas and oil on much lower prices. This means less income for a country that relies almost as much as the Arabs on the money coming from this sales. This means shortages your propaganda seems to forget about. Even more, you don't have to be rocket scientist to understand that the lack of money is not visible that much on short term, it's getting visible over years, when the infrastructure will fall apart.
It's a bit ironic that you are preaching us the greatness of Russia, greatness this war has shown it was only a facade.

European leaders going down? Of course some do, it happens all the time. I don't feel that it's much of difference from the pre-war COVID related days. It's part of how democracies work.
And while you seem to be noticing only anti-Russians going down, I notice "friends of Russia" now helping Ukraine's defense (you know, democracy, freedom of choice...). However, I remember that Russia's traditional enemy was USA, not EU, still, the propaganda tells only about the harm EU took, and nothing about USA. And you know why? Because Putin's stupid war intended against NATO, just made NATO and USA stronger.

ps It's strange that I'm telling you how democracy works, because you seem to have completely forgotten about it. Grin

You seem to have no idea what democracy is.

If a country is capable of developing sixth-generation fighters, it will somehow figure it out with passenger airliners.

I've missed this in the last post and I'll tell here. Somehow your whatever generation planes seem to remember far too good that they're heavier than the air. As I said, Russia's greatness was proven to exist only "on paper".
2818  Other / Meta / Re: The DT system needs to change. on: August 10, 2022, 05:33:41 PM
This should be a forum where Bitcoin is discussed, not where personal wars are waged the way people play with something called the DT system. The system we have now is quite satisfactory, but some individuals think that it is not good enough for them, or rather, they do not have enough influence to manipulate it.

A system in which the most influential would elect themselves and set the rules would obviously be tailored to those who are currently the loudest.

Actually imho it could make sense to change this or that to give less powers to some.
This could maybe give some less room for manipulations.

I'd say the minimum should be DT2 strength (2). That removes about half the users, and makes it less of a "burden" to include someone.

This is a very interesting idea. I like it. Can we do this, please? Smiley

I still think "protesting" against DefaultTrust by emptying your Trust list is counter-effective. It may be better to remove DefaultTrust and leave your custom list.

I agree.



Something I've been thinking on was that it may be helpful to differentiate between "whose trust rating you want to see colored" and "who you want to vote for".
This way the votes will also be clearer, this way people won't say that they trust this or that account because of some trades done and so on.
2819  Economy / Economics / Re: Russia More Than Triples Current-Account Surplus to $167 Billion on: August 10, 2022, 03:30:15 PM
Quote
components for airplanes.
Iran is manufacturing plane components and is replacing whatever market Russia lost:

Interesting, I didn't know. Thank you.

And who promised that it would be easy? There are problems with airplanes, cars, microelectronics, software - they are serious and need to be addressed. Of course, Russia will cope with these challenges one way or another. But that won't stop the Russians from watching the impressive spectacle of EU energy suicide. Any sane person understands that it is impossible to replace the falling volumes of energy supplies either this winter, or even next. And with the planes, we'll come up with something, don't even hesitate. If a country is capable of developing sixth-generation fighters, it will somehow figure it out with passenger airliners.

Did it occur to you that in the same way as "it won't be easy, but Russia will cope", also EU will cope? Of course, it will not be easy, as it's a harsh awakening.
But, as a friend of mine use to say, every kick in the ass produce another step forward. EU may do now (sadly under pressure) some moves they should have done from the first place.
Right now, let's face it, it's a situation both sides are losing similarly and both sides can, similarly, evolve.
2820  Economy / Economics / Re: Russia More Than Triples Current-Account Surplus to $167 Billion on: August 10, 2022, 01:33:15 PM
About a thousand Western companies left the Russian market, and this cost them hundreds of billions of dollars in direct losses (but this also negatively affects Russia's GDP figures). Is this a problem for Russia? Is. But this is not a dramatic problem and it is also an opportunity. When the market is freed, there is a free place on it for internal development or for substitution by imports from friendly countries.

I'm curious what will the "friendly countries" do about really important things there are very few companies produce them and they've put Russia onto sanctions list.
It's easy to mock the exit of "sparkling water", but I've read not long ago about increasing problems caused by the lack of components for airplanes. The news tell that the industry has started cannibalizing some of the already broken planes to obtain components for the rest. Of course, this cannot work for long term.
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