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3281  Economy / Economics / Re: EU solution to energy crisis: print more money and ensure economic crisis! on: November 09, 2022, 06:43:53 AM
Just when we thought that the Germans are the most stupid ones, the Japanese went one step ahead and did something even more stupid.
That is what happens when a country has little to no independence when it comes to geopolitics and national interests. Both Germany and Japan are the losers of the second World War and have been practically occupied by United States ever since. They even "shut down" any nationalist movement like Abe in Japan if they start even thinking about independence...
3282  Other / Politics & Society / Re: Will Russia Emerge As The Next Dominant Superpower on: November 09, 2022, 05:25:52 AM
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And this prevents China from gradually becoming a superpower? 

For China, the sanctions that were imposed against Huawei were very unpleasant.  Huawei was the leader in the production of smartphones and instantly lost this leadership.  But China's leaders are wise rulers, not flighty fools.  They did not seize Taiwan and get involved in a war with the Western world.

They understand that in order to become a superpower, you need to behave adequately. 

And as long as China's leaders behave like this, China has every chance of becoming a hegemon.
What is "behaving adequately" in your book? Is it to bend the knee and accept a national security threat right at their borders? Or all the destabilization that US is causing directly or through its proxies in their trade routes in the sea and on land? Maybe it is to accept another Opium War imposed by the West?

You are right that Chinese leaders are wise but because they didn't attack Taiwan but because they didn't attack when US wanted. They decided to do it on their terms and at the time they want.
3283  Economy / Economics / Re: Bank of England expects UK to fall into longest ever recession on: November 09, 2022, 05:19:06 AM
I follow UK residents on social media. If they're concerned about facing the longest recession ever, I haven't seen much evidence of it.
People are always worried about things that are happening not things that are about to happen. For example before 2008 recession whenever there were anybody warning about the system that was about to implode, nobody listened. The media went all crazy after the "implosion" though!

Besides you may need to expand your circle on social media considering there has been numerous protest across UK already. Which means there are many people who are concerned about their economy.

P.S. Don't forget that there is the biggest brainwashing organizations in the West that prevent people from thinking that anything is wrong with what the government is doing. For example the organization unofficially referred to as the Ministry of Truth that is controlling what exists in social and mainstream media and heavily censors anything that they don't like.
3284  Other / Beginners & Help / Re: Bitcoin vs. Altcoins – projected Marketcap on: November 09, 2022, 04:46:29 AM
when you see these numbers btc may be in very serious trouble unless LN works and feeds enough fees back to the main chain.

no mining = no security or low security.
People say this in every cycle and they even named it "downward spiral" at some point claiming that because the reward was cut half from 50 to 25 then bitcoin must die because miners no longer make any profit. Today the reward is 6.25 and miners are still making a lot of profit and the hashrate is unbelievably high compared to when they were making 8 times more bitcoins for each block.
3285  Other / Archival / Re: Bitcoin is existentially unforgeable on: November 09, 2022, 04:21:49 AM
using three major algorithms (Private keys, Public Keys and a signature).
This is one "algorithm" called elliptic curve cryptography. The 3 you mentioned are the components.

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Bitcoin specifically uses Elliptic Curve Digital Signature  (ECDSA) more specifically "secp256k1"
Secp256k1 is the name of the curve that bitcoin uses not the algorithm.
Bitcoin also uses ECSDSA (Schnorr signatures) after Taproot activation.

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what this means in essence is that it is difficult to break this algorithm by performing 2128 symmetric-key cryptographic operations such as invoking a hash function.
It has nothing to do with hash function and the algorithm is referred to as asymmetric cryptography not symmetric and also the security is calculated based on the solutions for ECDLP.

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ECDSA is a good tool for randomness because it makes guessing the private key from it's corresponding public key difficult and impossible.
Not being able to reverse the private key to public key operation has nothing to do with ECDSA which is the digital signature algorithm.

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It can take a message of 256 bits long and this doesn't limit the amount of messages it takes has input because messages get hashed before they get signed which means any size of message can be efficiently signed.
That's a weird sentence. The "message" can have arbitrary length, the hash used in signing is 256 bit.
3286  Bitcoin / Development & Technical Discussion / Re: Multi-User transaction with Bitcoin. on: November 09, 2022, 03:53:39 AM
Is Alice leaking information about her public key to Bob though by doing this? I know it may not be a huge deal but if Bob is dishonest, then maybe he has ulterior motives.
There can not be any kind of "ulterior motive" here simply because a public key is made to be public by design.

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That's what she hopes Bob will do. He doesn't have to. So if he doesn't do it then she will need to probably spend one of those utxos so that Bob at a later time can't come back on her at a point when she doesn't want the transaction to happen anymore.
That's true but Bob still has to include his own UTXO and spend bitcoin to get that transaction to go through and reach the destination which we assume Alice wants the funds to reach to.
3287  Other / Politics & Society / Re: Will Russia Emerge As The Next Dominant Superpower on: November 08, 2022, 02:13:27 PM
To become a superpower, it is enough for a large state simply not to make fatal mistakes.  No need to get involved in wars and other geopolitical adventures.  No need to get carried away building skyscrapers and carry out rash economic reforms.  No need to clash with the superpowers.
That can only happen in an imaginary neverland not in the real world.
The moment you start growing and gaining some strength, the existing super powers will start feeling threatened even if you don't threaten their hegemony. For example why do you think United States is so afraid of China? That's only because they are economically expanding and have been successful, like eliminating the 85% absolute poverty in China in only 4 decades. Now look at the wars US has started against China over the same period (cold/soft wars and the recent threat of proxy war with Taiwan).
3288  Economy / Economics / Re: Majority of Americans Back New Stimulus Checks To Combat Inflation on: November 08, 2022, 09:29:47 AM
certainly someone out there must have a good idea of how to address reduction of consumer buying power in relation to rising inflation.
The solution is easy: stop printing more money. Smiley
The economy experts have realized that all the things they have been teaching so far have been wrong. The economy as a whole is flawed by design and unless it is fundamentally changed, we can't see any changes in inflation. In other words they have to print more money because that is how the economy is designed to work.

This is why the solution is not bitcoin or any other cryptocurrency because they too will enter into the same flawed economic environment and won't be able to change. This is why bitcoin is sometimes referred to as the "exit" not something you put into that flawed system.

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Do the majority of people support additional stimulus checks btw. I always have to ask. Its difficult to tell where public opinion stands.
They do and that's the bigger problem. Majority of people aren't educated enough to understand that the "free" money they are receiving is not free at all. In fact it is coming out of their own pockets. Not to mention that the government propaganda will not let them know that either hence the name "stimulus" instead of "inflation guaranteed" checks.

A better question I'm interested in is how many of them are going to invest their checks in bitcoin this time. Last time there were some people who did it and price was between $3k and $4k...
3289  Economy / Economics / Re: What do you think of gold price in long term? on: November 08, 2022, 09:18:27 AM
Reasons why I wouldn't invest into gold:

There is no doubt about bitcoin, in fact more than 85% of my networth is in bitcoin already. But diversification is very important in my opinion. I already real estate and some gold coins which I would like to increase.
As for the NASA thing, as I mentioned before I don't really see any viable way to bring the asteroid to earth with the existing technologies.
3290  Economy / Exchanges / Re: Is it really a Golden time for Crypto Adoption or just a Myth is being created on: November 08, 2022, 09:06:00 AM
Every time they want to pump a bunch of shitcoins they say that it is "golden time for 'crypto' adoption" like in 2017 when the ICO scam was very popular. The thing is apart from bitcoin, nothing else has any real adoption in the outside world. All we see outside of bitcoin world is a gambling market where people make bets on crypto prices.

The fact that your question is all around exchanges is a good indication of what I said.

2) What could be the solution for Exchanges that they can really build trust among Crypto Investors
The only way I see is if they find a way to guarantee fund security. Something that could be enforceable by law, not just empty promises. So that if they got hacked or tried to run away, the law enforcement could catch them and force them to pay the users back.
Realistically that is never going to happen.

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3) Is this the time when people start to realize that p2p exchanges and trades are much more secure in terms of security of funds
Decentralized exchanges have their advantages but also they have disadvantages. For example they are usually less convenient to use and are slightly slower with lower liquidity. Sometimes they don't have certain coins listed (like stablecoins such as Tether that last time I checked wasn't included in Bisq).

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4) Do you believe the crypto Market Evolve in future even if things like this keeps happening
Crypto market will only evolve when the developers start innovating instead of creating endless number of useless coins and tokens.

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5) What other options do users have as these big exchanges getting closed, and building something will take years of development and trust among users..
DEX like Bisq!

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6) Does Govt should Intervene and Make sure Exchanges does comply with Enough Liquidity..
Yes, specially since they are intervening when it comes to KYC and invasion of users' privacy. They should at least provide something useful for the users too. But that too won't happen...

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7) Does these tokenization be scrutinized before listing and all real information's (regarding owners)  should be made public, so future action can be taken
You can't take any actions against the shittoken scammer even if you have all their information. Bottom line is that they created a useless token and users bought it out of their own free will before they got dumped on.
3291  Other / Politics & Society / Re: Will Russia Emerge As The Next Dominant Superpower on: November 08, 2022, 06:27:28 AM
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Were those U.S. Military personel officially supposed to be in Ukraine when they were killed? Or were those actually U.S. Military? I believe those people were merely "volunteers", and merely civilians. If it was discovered by Russia/Putin that indeed U.S. Military was sent, entered, and was fighting side by side with the Ukrainian Military, then that's a true declaration of WAR.
I break it down in this comment here and there is also an example of US confessing to being involved ever since 2014 posted on US Department of Defense website.

Basically in the think tanks in US they came up with a threshold of how much help they can send Ukraine before things escalate out of hands. That includes weapons (eg. type and range of missiles given to Ukraine) to troops they deploy (covert, NCOs, etc.). That includes the number and type of military personnel that are being deployed in Ukraine. They do it as much as it remains hidden and doesn't escalate the situation while still be involved enough to prolong this proxy war.

The news of US troops being killed fighting in Ukraine sometimes come out in the mainstream media too like [1] and [2].

[1] https://edition.cnn.com/2022/04/28/politics/american-killed-ukraine/index.html
[2] https://edition.cnn.com/2022/10/26/europe/joshua-jones-ukraine-russia-transfer-intl/index.html
3292  Bitcoin / Bitcoin Discussion / Re: Is it cheaper to send Bitcoin or Ethereum directly? on: November 08, 2022, 06:00:53 AM
There is "some" scalability in the sense that we could maybe have more or less in ETH transaction depending on the period we are comparing. Right not, it might be seeming like a little bit better but in the long run it is not really that much better, it's close enough.
I can't tell if it added any scalability whatsoever but generally speaking centralization always brings higher scaling with itself. For example PayPal which is a centralized payment network is a lot more scalable than any of the cryptocurrencies. So when ETH moves more in the direction of centralization it could be understandable for it to also gain a little bit of scaling, although I don't see that yet.
3293  Other / Beginners & Help / Re: Bitcoin vs. Altcoins – projected Marketcap on: November 08, 2022, 05:41:14 AM
Isn't a fork some sort of "inflation" as well?
Technically no. Imagine you want to purchase something from a vendor that accepts bitcoin payments. You have no way of paying them using bsv simply because bsv is not bitcoin, ergo creating the copy did not cause inflation. They are just cheap useless ripoffs. Smiley
3294  Other / Beginners & Help / Re: BTC wallet disadvantages on: November 08, 2022, 05:16:07 AM
I know for security and safety reasons thats why Bitcoin wallet have been set to have the seed phrase security.
Wrong. Seed phrases were introduced so that users have an easy way of creating a backup of their wallets by writing down the "entropy" that created that wallet in form of 12 to 24 human readable words.
It has nothing to do with "security and safety reasons".

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Which is supposed to be ones wallet security pin,but you know as humans forgetting and carelessness is a must in our nature.
You are not supposed to memorize seed phrases, you are supposed to create a physical backup from them and store that safely in a secure location.
3295  Bitcoin / Wallet software / Re: New crypto wallet Cropty (https://www.cropty.com/)? on: November 08, 2022, 05:11:18 AM
oh, I get it... it's really just custodial. but is it really that bad?
It is even worse than you'd think. You have zero control over your money while all the control is in the hands of an unknown company that may shut down any moment and run away if they decide that running away is more profitable than continuing to give service.

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that is, you won’t lose money here because you didn’t pay the gas as on a trust wallet, the transaction will not freeze ... The commission is charged in the same currency in that it is sent.
That is any cryptocurrency wallet.

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So, you do not need to spend time tracking the balance of all currencies and looking at which one is better to send
What do you mean by "which one is better to send"?
Whenever you are sending a cryptocurrency transaction you have a purpose to send that particular coin. For example if you want to dump ETH you can't send LTC! You have to send ETH.
3296  Bitcoin / Bitcoin Technical Support / Re: Calculating WitnessSigOps on: November 08, 2022, 04:31:05 AM
I presume the way the network defenses this attack is by charging extraordinarily high for 1MB transactions?
There are many improvements in the code to improve efficiency like optimizing SHA256 itself to prevent effects of such attacks but generally speaking a lot of these things are prevented by standard rules which would prevent propagation of such transactions in first place. So the only way is for a miner to broadcast a valid block containing such transactions which is a very costly attack which would only slow down validation of that single block.
3297  Other / Politics & Society / Re: Stop lying! on: November 07, 2022, 06:03:20 PM
Don't worry too much. For more than 3000 years Arran has been part of the great Persian Empire and like a child that has been separated from her mother, it will return sooner or later. The fake names will be removed and the Republic of Azerbaijan will be known in history as a short lived separatist movement that failed because Aliyev decided to shake hands with Zioterrorists.
3298  Bitcoin / Bitcoin Technical Support / Re: Calculating WitnessSigOps on: November 07, 2022, 05:08:02 PM
Function WitnessSigOps simply checks the size of SegWit v0 data and returns a cost of 1.
Technically it is returning 1 for P2WPKH outputs (since they are only performing a single SigOp) and if it is P2WSH it counts the SigOps inside the redeem script.

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Is it possible to construct a tx such that bitcoin nodes believe total signature operation costs is low, but in actuality nodes end up wasting CPU cycles and fail to catch up with the tip?
I don't know if it would prevent the node from catching up but there are ways to slow down verification of a transaction. For example the legacy transactions suffer from Quadratic Sighash problem which is when you have a transaction with many legacy inputs and have to compute SHA256d hash of a big different data for each sighash. This is fixed with SegWit but not removed since legacy transactions are still valid.

Read this blog post and others found there: https://bitslog.com/2017/01/08/a-bitcoin-transaction-that-takes-5-hours-to-verify/
3299  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: November 07, 2022, 11:53:54 AM
It is Putin's propaganda that is now trying to convince the whole world, and above all its citizens, that Russia is now at war with the entire NATO bloc,
Well many American journalists, analysts, politicians and even officials have already said that this is a war between Russia and NATO. Unless you are claiming that all of them are also Putin's propaganda!

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In addition, Russia buys kamikaze drones and ballistic missiles from Iran
The thing about excessive amount of propaganda is that at some point it starts contradicting itself.
At first they said Putin was not satisfied with these drones then they contradicted it by claiming he has placed a bigger purchase order!
Then they stuck to the new narrative that the drones are working but they are definitely Iranian then they contradicted it by saying that their components (gathered after they hit their targets and explode) are bought from companies located in Europe, China and US!

Those guys creating such propaganda should really keep a record of them to avoid embarrassment like this. The Iranian made drones, such as Shahed-136 are 100% domestically built from its engine down to its electronic parts. Not even a single pin is made outside of Iran.
3300  Bitcoin / Bitcoin Technical Support / Re: Forged or empty WIFs (paper wallets) - do not waste your time on: November 07, 2022, 11:20:22 AM
That's interesting that treasure is always SO BIG, almost no-one comes with 0.05BTC damaged WIF, it is always a small fortune.
They have to be big otherwise the "victim" won't be fooled easily.
This is one of the oldest methods of scamming newbies. It is either fake story to sell something like this (picture of the key/mnemonic or a wallet file supposedly containing a lot of bitcoin) to them and make money from their naivete. Or a malware embedded in the file they are giving away for free to infect the victim's computer and steal their coins instead.
Nobody would bother with such things if there were $10 worth of bitcoin in it Smiley
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