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3141  Economy / Economics / Re: Taliban Leadershipeadership Impose Ban on Cryptocurrency in Afghanistan on: August 29, 2022, 04:48:19 PM
I wonder what would happen if Bitcoin was declared legal tender in Afghanistan? Maybe the streets would be full of armed people who would shout Bitcoin Akbar, while on the way they would beat up some kid who was found using FB on his phone or had a song by Miley Cyrus Roll Eyes

Ramp it up a bit!
Imagine if the Taliban would declare Ethereum halal and Bitcoin haram, this would truly be a grab popcorn time!
As for the second part I wished you would have said Justin Beiber so I could have said, well the kid deserved the beating!  Grin

It is incredible how many people think that the Taliban really wanted to change, because in the minds of these people, nothing has changed in the past 50 years, and it certainly won't in the next 500 years.

Yeah, why would the Taliban want to change when their own existence and faith are based on not changing a thing from how things were a thousand years ago?
It was obvious this would happen, they played along for a while to make sure the Americans are not coming back and launching another air campaign, but since the danger seems gone now they have shown their true colors.

3142  Economy / Economics / Re: "Cities of the future," built from scratch on: August 29, 2022, 03:23:41 PM
I think it's not linked to akoin. If you google it, you get this result:

You can go to http://akon.com/, his own website and you can see the links to
https://www.akoin.io/
https://akoncity.com/

Your result says that Akon city is a project launched by Akon, it doesn't deny that is related to akoin anywhere and if would have clicked on the Wikipedia age that is highlighted in your result you would have also see this:

Quote
The project is still on for planned to have large skyscrapers, shopping malls, technology hub, music studios, "Senewood", and eco-friendly tourist resorts. Akon envisions Akoin, a cryptocurrency which he founded, to be the central currency.

Anyhow the project is dead, the coin is dead -98.3%, everything can be forgotten!

In the illustration of the desert city. There are towers which appear to be condensation towers. They can passively generate water by cooling air through natural wind motion. Dune Sea farmers in star wars have a similar water evaporation technology used by moisture farmers.

And those Recaths that would be inserted into your urethra and anus to collect and recycle water and waste.
Well, everyone has their own taste and pleasures but I could live a beautiful life even without them.
3143  Economy / Economics / Re: Taliban Leadershipeadership Impose Ban on Cryptocurrency in Afghanistan on: August 29, 2022, 03:11:53 PM
Not sure if I'm buying any of this mainstream media nonsense--for all we know, this could just be anti-crypto propaganda driven by an agenda none of us know about.  Kind of like all of those stories about bitcoin's use in money laundering and crime and so forth, none of which detract from its value as a currency or store of value.

I mean, this is a Bloomberg article for Christ's sake.  That's as agenda-driven and mainstream as it gets.  Take all of this with an enormous chunk of salt.

Why don't you make a trip out there to see it with your own eyes, but I think you would be better with no jeans, no shirt, no usa flag on anything and better keep your mouth shut and not speak a word in English. Also, burn your passport as some really bad things happen to the ones coming from certain countries.
Of course, whatever I say can be also taken for western propaganda, that's why I'm saying, go down there and see it with your own eyes!  Cheesy
One thing you can be sure of, I will do miss you!  Cheesy

Out of pure curiosity, is cointelegraph and their sources also mainsteam media?
https://cointelegraph.com/news/what-the-taliban-crackdown-means-for-crypto-s-future-in-afghanistan

I wonder why is everyone surprised a totalitarian zealot-like regime would ban anything that isn't explicitly allowed by their holy book, don't we already have history to confirm how they acted before? But it's really funny, every country that acts like an enemy of the US and wants death to the dollar is also against Bitcoin, while the US is quite the opposite, makes you think things for a bit.

It was when the Americans controlled Afghanistan that drug production grew there.

And it was the Russians buying it, directly from Russia today:
https://www.rt.com/news/afghanistan-opiates-heroin-ivanov-140/
https://www.rt.com/news/un-report-russia-heroin/

Quote
Russia has become the biggest consumer of Afghan heroin with 21% of all the drug consumed in the world, as of the latest UN Office on Drugs and Crime report “Addiction, Crime and Insurgency” published on October 21. According to the report, no less than 70 tons of heroin were trafficked to Russia in 2008 – that’s three times more than to the US and Canada together, and much more than previously estimated

Oh, what times, when Russia Today was actually reporting stuff, not used just for propaganda!
Do you remember those times? When you were free to talk about everything?
3144  Economy / Service Discussion / Re: Another one bites the dust! But this one's different. The Hotbit case. on: August 29, 2022, 02:49:23 PM
At best, that is completely amateurish business practices, and at worst pretty much an outright scam.

With every tweet it's like a tennis match from the amateur team to the scammer team, after their anime crying gif came this thing:
https://twitter.com/Hotbit_news/status/1561739497129361408

Quote
Dear Users❤️
If the estimated value of your assets shows "0", please don't worry, it's because the trading function is suspended. Please rest assured, all your funds are safe.
It will be normal after our trading function is recovered.

So they stopped trading to avoid user losses, but magically somehow the whole balance is gone, this makes me think they've lost a lot of actual coins and if somebody would swap them now they would be left with negative balances. But, it's for the "love" of their customers.

As for this "Sheep" guy, that's a serious lack of imagination, instead of calling him "scapegoat", they went for sheep  Grin



3145  Bitcoin / Mining speculation / Re: 2022 Diff thread. on: August 28, 2022, 07:51:20 PM
Not as bad  Cheesy, as Mikeywith was saying, at 23k and 2.7 that was still happiness level
How bad did i say it was going to be? Please link my post i am on my phone got some issues with my pc.

I was referring to this one:

this is a huge recovery
See the irony, we are now happy with 23k btc and 2.7T difficulty  Cheesy.

23k/2.7 was happiness, 20k/31 is not as bad, and 17.5k/35 is run for the hills I guess.

Anyway, look at this https://youtu.be/8QZAGpssUe0
The big boys have started to play with thier hydro gears, i need to revisit my last prediction and add a bit of more salt on it.

I went to that video to get depressed and, what a surprise, It might be even worse than that, 20MW of hydros being plugged in and the site expanding.
One thing that I don't get is, those are not s19 XP but standard model, at 210 of them get 52Ph at 1.45MW, so that's 247Th per unit at 5.8KW, do they squeeze this from a $4k machine?

3146  Bitcoin / Mining speculation / Re: 2022 Diff thread. on: August 28, 2022, 02:54:04 PM
And it keeps growing, #^%&!!!

Quote
Latest Block:   751563  (31 minutes ago)
Current Pace:   110.1747%  (1612 / 1463.13 expected, 148.87 ahead)             
Next Difficulty:   between 31147929115047 and 31276996624844

All above are estimates they mean we are no where as bad as fall of 2018 when 6 cent power meant a very small profit.

Not as bad  Cheesy, as Mikeywith was saying, at 23k and 2.7 that was still happiness level, this is not as bad as it has been level, I have to prepare myself for the just as bad and even worse levels. 220Exa and BTC at 20k you get 8 cents, 17.5k, and the same hash we're down to 7c, at which point I don't see anyone powering up more gear, I want to believe that if we touch even 19k there will be a reversal, even an XP with free energy is giving 11$ a day, who is going to buy more stuff?





3147  Economy / Speculation / Re: BTC Sentiment Poll for August on: August 26, 2022, 06:08:36 PM
They don't have idea about the actual market conditions and goes with the same statements that are circulating around around.They ignore the volatility factor and always beleive it will go up and if it's down like say 2-3% also they start claiming it's going down but in reality we have seen some upward trends from few weeks

Going to ask the same as Ratimov, where do you see this stuff, are you sure you don't have your smartphone auto-rotate feature completely messed up?
We're in a bear market, we're down from 69k to 20k, we've been going lower and lower for month and no news is managing to push anything up for more than a tiny percent and for a few days. It's about time for everyone to admit that and simply live on with the facts, accepting this doesn't take you a bitcoin hater or anything else but denying it sure makes you look like some cultist whose only mantra is FUD FUD FUD! The situation is really not like anything wished for and hoped for, all that bs with cheap coins is also so yesterday, if you would listen to all those screaming cheap coins since we've gone past 50k, 40k, 30, 20k there wouldn't be any coins left as holders would have already bought them all.

Of course, at the same time, this doesn't mean that bitcoin or crypto is dead or anything like this, what is for sure dead is the dreams of some to become billionaires in one month with $10 worth of satoshi.

but we will need major investments both retail and institutional

And with the whole world economy being as it is, do you see those major investments happening?

The question arises - where did you see the growth phase? Huh

12 years ago you could buy a pizza with 10 000 BTC
See the growth?  Grin
3148  Bitcoin / Press / Re: [2022-08-26] 72% of Russians say they have never bought Bitcoin: Survey on: August 26, 2022, 05:21:40 PM
So why is this so low?

Because it's only half inflated unlike other numbers.

I don't understand how people keep believing stories in some countries you have one in 3 or 4 people owning and what's even more hilarious labeling them as "users". By the numbers in the last topic you have 8% of Indians owning and using crypto, that would make at least 1.5 million crypto users in the metro area of New Delhi yet you have 3 businesses accepting crypto there. Yeah, it makes total sense, isn't it?
Move out of the capital cities of most countries and do mention Bitcoin and let's see how many will look at you as if something is wrong with you as you speak gibberish.

Do you think with 700 million people owning Bitcoin we would still be at 20k a piece?
We're nowhere near that level of adoption and look at the really bright side, if already 1/3 of the world would be owning crypto, what would be left for growth?

First of all, the source of the news is something I don't want to click on at all, and secondly, who is the person you are indirectly promoting here? The fact that someone is the CEO of a company does not mean that he can estimate how many Russians know or do not know what Bitcoin is, and even less whether they own it or not.

I actually think he is far closer o the actual numbers than sot of those, I sometimes have a feeling that anything over 5% for an entire country is an over exaggeration right now, I know personal experiences are not relevant at this level but I highly doubt that there is somebody here who can claim that in each family he knows there is at least one crypto owner.
3149  Bitcoin / Mining speculation / Re: 2022 Diff thread. on: August 25, 2022, 02:53:08 PM
I thought the previous estimation posted was too early so now way in hell could that pace be sustained, yet..

Quote
Current Pace:   108.5205%  (1119 / 1031.14 expected, 87.86 ahead)               
Next Difficulty:   between 30301036600121 and 30824198422057

We're past half of the period, and it's looking really bad, we're going to reach May levels, and although no chance (yet) to beat the 31.25T ATHit's still going to be pretty close. And of course, the price is nowhere near May levels.

Since Phil mentioned the weather in Texas, yeah, the summer is almost gone here too, it's the first week in which only one of the largest cities in my country will manage to record something around 30C, and by the end of the month, we're going to a max of 20C from 37C at the start of August.
Too bad that without cheap electricity there won't be any change for the better for whatever miners are left on this continent.

3150  Bitcoin / Press / Re: [2022-08-16] Mark Cuban Sued for Allegedly Promoting a Massive Crypto Ponzi on: August 25, 2022, 02:37:13 PM
They do this with Crypto currencies, but when Ponzi schemes where FIAT currencies were used, collapse.... they do not blame the Banks and the government.  Roll Eyes

Bernie Madoff got 150 years in prison for a $65 billion Ponzi scheme, Terra burned 60 billion of investors' money, and Do Con is free and tweeting all day long about new opportunities, Alex Mashinsky erased 6 billion of people's money and he's still on youtube giving advice how to lose your money in Ponzi schemes. How many years in prison did Karpeless get?

It's unfortunate that Mark Cuban engages with Voyager, I think he can still be considered a victim as well as an influencer too. Was he paid for promoting Voyager?

From the lawsuit and the facts presented there seems like he was the one that was actually investing in Voyager, although I don't believe he was that's stupid:
https://www.mavs.com/mavsvoyager/

Here is the full complaint, I didn't read it all (92 pages) but there is no mention of him being paid for promotion, and more being an active partner
https://www.courthousenews.com/wp-content/uploads/2022/08/robertson-cuban-complaint-usdc-florida.pdf




3151  Economy / Economics / Re: Removal of $100 bills from circulation on: August 24, 2022, 11:33:41 PM
I used to read the news about it, but didn't take it seriously.

Source for this?

But recently I heard a discussion that 100 dollar bills will be banned in a number of countries, and then in the USA and Europe, fiat will gradually be replaced by digital money(CBDC).

And are you sure this discussion is not just some by-product of the flat earth channel?

It's not a quick process, but it's rumored to start later this year.

Of course, just after we welcome the alien visitors from Vulpecula later in November and we finish clonning mammoths early enough to replace Santa's reindeer.

I have also heard earlier about this US possibility as a financial blow to Russia. Hundred dollar bills are the most common outside the US. If they are invalidated, it will instantly undermine the financial strength of many states.

Some random columnist flaunting around stupid ideas is just nothing, besides, that article out back in May, as you can see is August and nobody treats it seriously other than in some "discussions" and "rumors".
For anyone interested, this is the article in question:
https://www.wsj.com/articles/for-russia-benjamins-moscow-putin-sanctions-100-dollar-rubles-bankers-treasury-war-ukraine-larry-summers-11652125119?mod=opinion_major_pos6

Also, just as funny as this, we had the same topic about Nigeria retiring all the Niara notes:
https://bitcointalk.org/index.php?topic=5399596.0
how is the removal going?



3152  Economy / Scam Accusations / Re: Pretending Binanace to Scam People! on: August 24, 2022, 02:20:55 PM
So did you get your gift or not?

The answer is obvious he treats that email as a phishing email so he declines to login coming from that link,
based on the conversation we need to know if the validity of the emails really comes from legit sources we can always bookmark the site or just login directly without using the link or ask support if they own the link.

Op could have done this really easily, and this is the best way to do it for everybody who doesn't trust emails or links.
Open your Binance app and go to the rewards center, all! the offers that they are sending you emails for are listed there, you don't have to click and links in the emails, you can simply activate them from the app. Funny enough it's actually mentioned in the first email OP has posted.
I got the same offer last month:







3153  Economy / Economics / Re: Global famine on: August 24, 2022, 01:59:29 PM
Russia and Ukraine together account for nearly 30% of the global wheat trade. So almost a 3rd of all wheat produced are coming from two countries.  Shocked  Source : https://worldpopulationreview.com/country-rankings/wheat-production-by-country

You're mistaken trade with production. The source you're mentioning says clearly it's 30% of the trade but it's only 16% out of the top 9 wheat producers considering the Eu is the second largest as a whole with 126,658,950 tons, so bigger than Russia and Ukraine combined, and their actual size is less than 8% considering global porduction.

Also, rather than clickbait titles about famine and the end of the world
https://www.nasdaq.com/articles/german-farm-association-expects-bigger-winter-wheat-crop

Quote
Germany's 2022 winter wheat crop will increase to about 21.8 million tonnes from 21.0 million tonnes last year, the DBV association of German farmers said on Tuesday. The hot weather was an advantage in some areas, allowing a rapid completion of harvesting of up to three weeks earlier than usual, the association said.
The harvest of grains of all types is expected to increase to about 43 million tonnes, up about 2% from last year, DBV said.

Oh crap, the end of the world and world famine won't come this year either, what a letdown for some grave robbers!
3154  Other / Archival / Re: Leading countries in the use of crypto on: August 24, 2022, 01:42:49 PM
I know another nation with 14 million users and 17% population, and yet the name is not there.

The least work I've ever done in my life as a detective as weirdly there is only one country with 14 million citizens and that is Zimbabwe, but if you're going to tell me that 1 in 5 down there is a crypto "user" I would say its daydreaming.

Like how the hell you do not put El Salvador which technically has 100% rate because everyone has to use it and it is a legal tender and it's illegal to not accept legal tender currency if someone wants to pay you with it.

And what makes you think that everybody "has " to use it and everybody wants to use it?
It's just like credit cards here, just because you as a chain store you're forced to offer people the method of payment it doesn't mean every single person in the country has a credit or a debit card.

The reality is that there was much hype and little actual success, of course I already know, for some reality is FUD but here it goes:

Quote
Data from the Central Reserve Bank shows that between September 2021 and June 2022, that is, 10 months after Bitcoin was implemented, $120.46 million entered through “cryptocurrency digital wallets”, which represents only 1.8% of the $6,406.67 million that entered in total remittances in the same period.

Rember how Salvador was going to save trillions of quadrillions in WU fees?
3155  Economy / Economics / Re: Anyone here from Germany? What exactly are your electricity costs? on: August 24, 2022, 11:01:19 AM
Of course, there is Groningen..but...
Politics Cheesy
There's also Nord Stream 2.

I find it interesting that you think is better to have a promise of getting gas (like a Celsius agreement that we will give your money back) rather than having your own gas (your deposits, your gas), which is a bit, interesting I would say.
As for Nord Stream 2, yeah there is NS2 but so is Bucha, err I almost said Putten, and if you're at analogies moment then let me tell you that Switzerland is right now a bit of Chamberlain, how did these politics of concessions and neutrality work out for you last time?
3156  Economy / Economics / Re: U.S dollar almost equal to Euro on: August 24, 2022, 10:34:20 AM
The real reason why the USSR collapsed was that the "parasite" states such as Tajikistan and Uzbekistan grew in population and demanded more funds and resources from the productive states such as Russia and Belarus. EU is in a similar situation. Countries with budget surplus, such as Germany and Netherlands are funding less productive states such as Poland and Greece.

I love when the guy that claims a month has 40 days and 3x7 is 30 is suddenly after being a military, politics, master historian turns to be an expert on EU economics. Of course even more amusing is that the only people really concern with these are the ones not living in the EU, and strangely rather than focusing on their own country they find fault with others, so let me get this right for you

India has exported $418 billion for the first time in its history. This is more than the target.

Poland exports for 2021 was $410.54B, a 22.47% increase from 2020.


So this parasitic less productive state of Poland with just 40 million people has managed to produce and export more than the whole of India. Now, looking at the 1:30 population ratio, how would you call "productivity" in India?

There's a reason it has been called EUSSR by many people (including theymos).

I find it interesting that most of the ones calling it like that are the ones that have never actually lived a second in the actual USSR.  Wink
The ones that did know this is just bs.


3157  Other / Archival / Re: Leading countries in the use of crypto on: August 23, 2022, 09:16:44 PM
It's funny the prediction of owned and used crypto on UAE in 2025 and 2030 result in negative lol, they're using a same pattern on 2019, 2020 and 2021 do determine the next 5 years which aren't correct.
~
If Nigeria 100% people which own and use crypto in 2030, I think this is when Bitcoin already reach at least $1 Million since most are really want to buy and transact using Bitcoin.

Probably a dark joke of extrapolation?

So, something like you've had 1 miscarriage so you will get another 10 in ten years?

That thing is just ridiculous, UA going into negative, Nigeria getting 100% and Brazil getting stuck at 14% for a decade.

But! Since Nigeria is already at 32% which means it can grow only 3 times, so we're blocked at 60k and a bit. Grin

These data from the table do not look credible to me, especially this part about the number of businesses that accept crypto payments, of which there are only 6 in the entire US, which is completely wrong without any doubt, although the second column lists the capitals of those countries, so that number refers to that and not to the whole country?

Yeah, they went for the capital cities, which is really stupid:




Let's compare a city of 600k with one of 24 million and ignore that New York alone has more than anyone on that list.


3158  Economy / Economics / Re: Anyone here from Germany? What exactly are your electricity costs? on: August 22, 2022, 12:01:34 PM
Quote
Hydrogen has one advantage, it can be generated from excess energy on the grid
True, but to do that, you'll need much more hydrogen generating capacity, and much more solar/wind farms. And still, that doesn't cover the energy needs in winter.

I think you missed the point about storage, you can store hydrogen just as you store natural gas, it can be turned into liquid as LNG, it can be stored in pressure tanks it can even be stored in salt caverns. Or if you have the energy to spare you can simply transform it into methane gas, it's like one of easiest chemical reaction in the world, especially if you're in a pinch and you already burn coal.

We've had negative prices several times this year too. In a country where most houses don't have airconditioning, solar energy has a very low economic value during the hours that it's most productive.

And there you have it, use that energy to produce hydrogen, rather than throwing it away or letting that sunlight go to waste as it heats the roofs when you don't need it, in the Netherlands I think you actually have few options left, it's not like you can build a pump storage dam anywhere to store energy.

LE:
Of course, there is Groningen..but...
3159  Economy / Economics / Re: Will Hong Kong consider Bitcoin? on: August 22, 2022, 11:37:03 AM
Hence the "Special Administrative Region". They share the border with mainland China but the mainland China shouldn't have any influence in their governing system, yet they still do because you know.. it's China.

No influence, right?  Cheesy
Do you know how the last elections for the governor (Cheif Executive) went?

Quote
Former Chief Secretary John Lee is the sole candidate approved by the central government of China in the election and the only candidate to be nominated.[4][5] He was approved with 1,416 electoral votes (99.44% of the votes).

There are 20 000 PLA soldiers right now in Jong Kong, up from 10 000, the PLA has its own building in the middle of the town, they have moved 4 corvettes there in the port, no influence, lol! Keep dreaming about "special region".

People more than obviously have completely wrong ideas about some things, and such assumptions are not only wrong, but also completely meaningless, considering that HK is a part of China that somehow has a special status. It would make more sense (although not much more) if such a question was raised regarding Taiwan, although Bitcoin cannot be the ultimate solution for any country in the sense that that country can expect some kind of spectacular progress as we see in the example of El Salvador.

This got me thinking, I am now almost certain that a lot of users are just mistaken Taiwan with Hong Kong, otherwise, I don't see why some would claim it's a country that can make its own decisions. That aside, I wouldn't call Salvador's progress, "spectacular either, a step in the right decision, yeah, but the results are yet to be seen.

3160  Bitcoin / Bitcoin Discussion / Re: Hackers exploit zero day bug to steal from General Bytes Bitcoin ATMs on: August 22, 2022, 11:28:45 AM
No figures were released yet as to the amount stolen and ATMs compromised. For now, server updates are urgently required. Until then, clients are advised to refrain from using General Bytes ATMs.

They will have to release those numbers one day or another as this will probably become more than a simple robbery case, and this will be pretty interesting from another point of view, we could finally get some number on the turnover of those ATMs that are popping up like mushrooms (at least in the US).

https://blog.kraken.com/post/11263/kraken-security-labs-identifies-vulnerabilities-in-commonly-used-bitcoin-atm/
Quote
POSTED ON SEPTEMBER 29, 2021

Quote
Kraken Security Labs has uncovered multiple hardware and software vulnerabilities in a commonly used cryptocurrency ATM: The General Bytes BATMtwo (GBBATM2). Multiple attack vectors were found through the default administrative QR code, the Android operating software, the ATM management system and even the hardware case of the machine.
Our team found that a large number of ATMs are configured with the same default admin QR code, allowing anyone with this QR code to walk up to an ATM and compromise it. Our team also found a lack of secure boot mechanisms, as well as critical vulnerabilities in the ATM management system.

So they knew for one year they have a ton of vulnerabilities, wonder how many more would be found on a real audit

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