If you mean it literally, then you should provide your facts. But if you don't mean it that way, which I suppose is the case, then that's just the reality.
People like OP look at sites like https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html and since they don't even know how bitcoin works they make silly conclusions like this topic. Most of those addresses with large balances are from exchanges. For instance the biggest on right now is from Binance and it holds 252k bitcoin or 1.32% of the supply that is holding bitcoin on behalf of lots of users. On top of that a large number of addresses (about 25% according to bitinfocharts) are holding dust amounts of bitcoin which swings the percentage towards that 2% OP mentions. Otherwise the distribution of bitcoin is actually pretty good.
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I have started seeding the torrent URI of bitcoin core 23.0 (the one from bitcoincore.org), in a raspberry pi at home. Does seeding the release help bitcoin in any way?
Not directly. By seeding the torrent file you are going to help those who want to download the bitcoin core binaries using torrent network which has nothing to do with bitcoin network.
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So if possible and happen in the future, what code electrum implemented for taproot address?
They promised to implement it but never gave any timeframe and so far it is not yet implemented. You can use hardware wallets that support Taproot with Electrum though. https://github.com/spesmilo/electrum/issues/7544Taproot address?..., is P2TR: KxZcY47uGp9a... ?
We have to wait to see what they implement but P2TR is the script name used to describe Taproot outputs so that is possibly how it would work.
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Do you know what's funny about this? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) We could literally find 20 people in this forum who are willing to buy 7TB of HDD space to spin up BSV nodes and vote against Craig's 9 nodes. It would be great, just showing that it is this easy to attack a not properly decentralized blockchain. Technically you only need the chainstate to verify blocks which is a lot smaller than that, that is what pruning does anyways (with the addition of storing only a handful of blocks). There may even be some ways to pretend to be a full node ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Exactly. Miners follow demand. History has proven it. For example, if Bitcoin Cash had more demand than Bitcoin, it'd probably have more hash rate than it too. It's approximately 173 times less than it.
It's more accurate to say that miners follow "profit" not demand. For example bcash never had any demand, specially in early days but it could attract a good amount of hashrate simply because they manipulated the difficulty adjustment algorithm so that miners could mine 1000+ blocks per day (for comparison you can mine about 144 BTC blocks/day). So even with the low price and low demand that bcash had, the miners could make more profit in total so they made the switch in that period.
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i believe Biden is a very bad administrative i have started liking the Trump more than Biden. Biden has made so many mistakes already The wore of all the Removal of armed force form Afghanistan
You seem to have forgotten that one of the reasons why Trump was elected was that he promised to pull out of Afghanistan (and similar wars they were losing). Not to mention that Biden didn't remove armed forces from Afghanistan, they were kicked out. They had to even donate $100 billion worth of weapons and equipment to the cavemen known as Taliban to buy their safe passage while they were escaping. Biden is an old man who falls asleep, greets unseen interlocutors, and does many other things that a US president shouldn't do. Perhaps he has no chance for the next term, but all the failures in the country's politics can be blamed on him. Biden is the best manifestation of America, the shortest lived empire that is currently in its last stage of life. It puts on expensive pretty clothes but internally it is all decrepit. It may die today catastrophically or it could continue living on borrowed time for more years but the inevitable is approaching.
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@DrBeer did you even read my comment?! I'm pointing out the only case in history where a nuclear armed nation nukes another unarmed nation and the effects or rather lack of it elsewhere. Where did it even talk about "Russian greatness" and all that other nonsense that you keep repeating in all your posts?!!!
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~Let the people of Donbass vote on whether they want to remain in Ukraine or not. Why you are afraid about it?
Because democracy and people's vote is only good as long as it gives the result that the big players want (ie. United States), otherwise they oppose it just like what the West is doing these days. It's actually quite funny how Russia used the same "democracy" the Americans always advertise in those regions.
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Government prints fiat --> fiat value drops --> inflation goes up Government prints more fiat --> fiat value drops more --> inflation goes higher Government prints even more fiat while playing with interest rates --> fiat value drops eve more --> inflation happens with recession One thing to remember about money printing and inflation is that it doesn't have to happen immediately. For example a part of inflation in US today is because of the money printed in 2020 pandemic. https://www.usdebtclock.org/ shows the US national debt and how it is constantly going up. It recently set a new ATH at $31 trillion!!! The site also has a list of other countries, none of them look good.
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I don't think this news will have any effect on the value of bitcoin either. But if Musk starts manipulating and writing about cryptocurrencies and bitcoin again, it could turn the market around. But I think Ilon has a lot of problems with other projects and their stock price, the crisis and other negativity now, since he even started writing about Ukraine. But it would be nice to see his tweets about BTC again.
This is exactly my point. We are aware of Mr. Musk's propensity for talking a lot and the impact this has on the market. Remember his tesla and bitcoin tweets, his Doge Coin tweets, his tweets about bitcoin and climate change. I am speculating that if he finally purchases Twitter, he could just decide to publish anything favorable or unfavorable about bitcoin when he wakes up one morning (especially now that bitcoin halving is just around the corner). You should remember the whole story not only parts of it. Bitcoin price was already rising and Musk's tweet just became viral adding to the existing hype but the media tried to convince everyone that the rise was because of his tweets. After that when the drop began, he started spreading FUD about bitcoin contributing to the drop and again the media tried to convince people that the drop was because of his tweets! Finally he tried to spread more FUD about bitcoin and its energy consumption but because price had reached a bottom, all of his efforts failed. This is something the media never told you specially when he was still insisting on his FUD and price kept going back up setting the ATH at $70k.
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- Binance (this will be primary)
I think it is worth remembering that Binance (and some others like it that don't list BSV today) have been supporting this scam altcoin for a long time before they removed it. Basically they were all happy to list this obvious scam as long as it had a high volume and could give them a lot of money and delisted it as soon as the volume dropped and the pressure from the community became bigger than the profit they could make. Lest we forget how Binance was offering mining pools money to commit a 51% attack just to reverse their stupidity (when they got hacked).
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I don't understand why people keep their coins on exchange if they are not involved in trading as you are using centralised services for storing a decentralised asset so you are completely diluting the base purpose of Bitcoin existence.
It's because some people got into this world wanting to make money and at the same time were too lazy to research what they were buying. Most of them think bitcoin is like PayPal where the only way to use it is to sign up somewhere! It gets worse when it comes to altcoins since they don't usually have any decent wallet or any SPV clients at all. So you'll have to run the full node of that shitcoin or buy a hardware wallet or store it on an exchange, they obviously choose the last option since it is cheaper and they can dump them any time they want without needing to wait for hundreds of confirmation.
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You don't need to reveal your identity to "get bitcoin", you only do it when you go on a centralized exchange and use your centralized payment system (banks, credit cards, etc) to swap your fiat for bitcoin. It has always been like this from day one. And it is not specific to bitcoin, whenever you use centralized services you are revealing your identity one way or another. Sometimes the degree differs but your identity is revealed nonetheless.
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Biden administration is also concerned about a repeat of the Terra-LUNA incident.
Governments have never been concerned about people being scammed. What they are scared of, specifically US is when companies start "print their own money", ie the stablecoins. So they will do anything they can to put an stop to it. Lest we forget their anger at Tether and their inability to shut it down so far. Besides, Biden should really worry about United States National Debt that just set a new ATH of a ridiculously high value of $31 trillion. It grow over $1.5 trillion over the past 30 days! ....and yet they keep printing more dollars... https://www.usdebtclock.org/
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It is, and they do get it cheaper, so much so that they literally take oil out of Saudi Arabia, give them money, but then Saudi Arabia turns back and buys weapons from American companies, making them a profit in the long run. So that oil may not be free, but comes in cheaper than you can imagine, under 40 dollars per barrel, not because that's what they pay, but because they sell something in return to cover the difference, so most of the money stays in their nation.
This is what they should be worried about, it is not something that should be upsetting Americans just yet, the reason why prices are high is the insane profits oil companies are making, not lack of oil.
Except that Saudi's oil production has been dramatically decreased after Aramco was hit by the Yemenis resistance so they are not selling as much oil as before. On top of that ever since the failure of the American weapons they bought (like the Patriot system that proved to be completely useless in protecting Aramco or even US bases in Saudi Arabia from being bombed), they started buying weapons from the Chinese and Russians and also sell more oil to the Chinese instead of selling it to US...
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Unlike El Salvador where many peeps stood against this policy of bitcoin and hated the fact that the government is supporting something which they do not understand or at least their country does not need right now!! Like they need more facilities of health care or more employment rather than new transaction system and new ways of payment systems.
I'm curious about the source of your claim about "peeps" being against bitcoin adoption in El Salvador. Specially since it doesn't really cost anything to adopt bitcoin! How much money did the El Salvador government spend on it anyways? Hire some programmers to create that wallet and pay them a grand?! You can't build health facilities with that much money.
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I honestly have not seen anybody who actually thinks holding bitcoin in long term is a bad idea! There are definitely a lot of idiots who spread FUD but even those people don't think that since they are buying bitcoin themselves, specially in the dips. 13 years of going up and more up has proven that.
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With the way companies are going bankrupt ~ Forget about how big a crypto exchange have grown, do not leave your coins on exchange~
A good advice but irrelevant reason. Companies aren't going bankrupt for no reason these days. They go bankrupt because of the economic situation in those countries, for example in Germany they go bankrupt because of the high energy costs and the shortage of it. Exchanges, specially the big ones, are not going to go bankrupt that easily. They mostly go bust when they get hacked. I have some USDT that I plan to use to buy coins probably when BTC is down to 10k which I believed would happened in September but it never did so I moved the USDT out of the exchange back into my wallet.
Do not relent, do not trust any exchange, trust only your private keys, remember, not your keys, not your coins.
A much better advice is to not trust anything centralized which includes USDT which is one of the most centralized altcoins that can go bust at any time. P.S. There is no reason for bitcoin go any lower than this.
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Dangers of dusting attacks. Hackers send very small amounts of tokens or coins to a wallets for dusting attacks. And that keeps the wallet in trucking. Because when a token or coin is sent from one's wallet to someone's address, it becomes very easy to track it. By that tracking, hackers find out the identity of the targeted wallet. When the hacker is able to find out the identity of the person in the targeted wallet, the hacker puts the person in danger with a phishing attack or cyber thread.
It is called "dust attack" (not dusting) and that is not how it works. They send a small amount of coins to an address that is usually empty so that they can force you to combine that output with another coin from a different address so that they can find the link between the two (or more) addresses. They still can't track you or find your identity this way though. If you're using an exchange wallet, there's nothing to warried about.
Exchange are not wallets and if you are keeping funds there, you have a lot more to worry about. Not to mention that in most cases your identity is already known!
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There are more people warning about the wave of bankruptcies in Germany every day. The most recent one is the head of the German Institute for Economic Research, professor Marcel Fratzscher. In his recent interview he "warns of a wave of bankruptcies in German companies". Just as I said before, the biggest challenge German economy is going to face from now on is bankruptcy and the fleeing capital since due to competition the products made inside Germany would be a lot more expensive than same product made elsewhere. Consequently they would either be forced to shut down or move everything abroad, in either case lots of regular Germans will lose their jobs. Germany is a country with very energy-intensive economic sectors. Because of the high energy prices in Germany, they [the companies] have to sell their products more expensively than their competitors That is why Fratzscher fears that many companies, especially in energy-intensive sectors, will not be able to hold out.
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