You can download the popular open source tool called bitaddress[1] from github and run it on an airgap system. Steps: 1. Open the html file 2. Ignore the first page and instead go to the "Wallet Details" tab 3. Enter the BIP38 encrypted string in the text box saying "Enter Private Key" and click "View Details" 4. Enter your passphrase and click "Decrypt BIP38" 5. You'll see 2 bitcoin addresses, see which one is the one you used (is funded) and see if it says "Bitcoin Address" or "Bitcoin Address Compressed" on top 6. Scroll down and copy the corresponding private key starting with 5 or L/K and use it in Electrum [1] https://github.com/pointbiz/bitaddress.org |
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The spirit of bitcoin is to verify not to trust.
Downloading the blockchain (and other related files like chainstate) from a centralized source means you are giving up that verify step and that makes running a full node pointless. In other words it is better if you use a SPV client instead.
Additionally downloading it from a centralized source then verifying the file from block #1 is going to be slower than just letting bitcoin core download and verify blocks on its own. Which is another reason for not doing that.
If you are facing problems syncing, you should find the root cause of that problem and try to fix that instead of looking for a workaround.
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Do you, or the Russian people in general, consider China to be a "good ally", or is China a "dangerous ally"?
China (and Russia for that matter) is a bad ally. It's just that for the past couple of years such alliances are based on "enemy of my enemy is my friend" kind of situation. Besides, these alliances (unlike the alliances in the west) are based on mutual benefits not unilateral ones. Because for Great Britain, they know that the United States is their "good ally"/almost brothers as history illustrates
These days things like this remind me of a famous quote from Kissinger: "To be an enemy of America can be dangerous, but to be a friend is fatal." |
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Mike Novogratz
Who? lol Compared to previous bull runs, the next Bitcoin rally will have to be more focused on utility and less on the story,
Price rises have always been based on utility and partly based on short lived hypes. It is not going to change until we reach mass adoption. According to Novogratz, the 2017 bull run was mostly about the story of people not trusting the government and wanting more privacy and decentralization. “It was a Gen Z millennial revolution. And it was global.
I disagree. It is more like nonsense opinion if you ask me. The 2017 bull run was not any different from the previous one in 2013 or the one before that or the first bull run. We have a combination of halving cutting supply creation rate by 50% and adoption that increases day by day. Every person has a slightly different reason to adopt bitcoin, specially during bull runs the reasons are mostly profit oriented like in 2017 bull run not privacy and decentralization oriented. What I will not agree about here is the indirect statement that story like halving will not have effect on the next all-time-high.
It's very weird using the term "story" in this context but I agree, halving will always have a significant effect on the price. |
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A big problem US is facing which nobody seems to dare to point out is that the amount of oil they used to steal from other countries has significantly decreased over the past 2 years.
You see, US is the biggest consumer of energy and they rely on importing oil. But for the past 20 years, due to invasion of oil rich countries like Iraq, Yemen and even Syria they have been stealing a ton of oil from them which they brought to US for domestic use.
But over the past 2 years their military positions in all those countries (specially around the oil facilities they illegally control) were being attacked hard to the point that they have lost almost all the oil they were stealing. According to CENTCOM the attacks have increased 400%. For example the output of Syrian oil has decreased more than 80% that's hundreds of thousands of barrels. So obviously they have to dip into the reserves and US oil itself is running out real fast to the point that experts predict that US is only going to have oil to extract for a couple of more years (best case scenario is 5 years).
The worst part is that the Americans have already fucked with anybody who has a lot of oil: Russia, Venezuela, Iran, ... Even the Saudis (aka the 51st US state) is shifting to the East.
The coming year or two will be very interesting in global politics to see if or how they are going to manage it this time.
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The problem started many years ago, at least with Eisenhower and the last straw was Nixon. When their currency became global but was not backed by anything and they kept printing it. The disaster was waiting to happen like a ticking time bomb! Then Reagen came and took a shit on the economy by infecting it with capitalism. Now a large part of the world is dumping US dollar and all that printed nonbacked fiat is going back to United States. The result is more and more inflation. Right now the US economy is like a drowning man who tries to cling to anything he can, you can't really blame them for thrashing around trying to buy more time above water. What's going to happen in the end, I can not predict. Historically US economy has fallen apart before and they've rebuilt it at the cost of millions suffrage. But those times they could still force others to continue using their weak currency to give it a fake strength (eg. introduction of petrodollar in the 40's), I don't think they can repeat anything like that. So they play with the rates right now trying to keep inflation under control at the cost of causing recession. But the combination of recession and inflation is a lot worse than inflation alone. P.S. Bitcoin was created out of the ashes of US economy in 2008 recession, it could soar through the ashes of US economy in 2022-3.  |
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~
I have read it somewhere that the most in debt country is USA - if they are in debt - who is the lender than
i agree with you on the take that US is importing their own inflation - they should remain away from the other problems so that they can focus on their own
The debt is about the printed money out of thin air not the money that you borrow from someone. Watch this video and it explains how it works and how they have been scamming everyone better than I can: https://www.youtube.com/watch?v=iFDe5kUUyT0Here is the world's debt clock and how it is increasing rapidly with US having the biggest national debt: https://www.usdebtclock.org/world-debt-clock.html |
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4. Diversification that has no research behind it is foolish. I had thought that once you diversify you can do wrong, how wrong I was. You always have to diversify making use of research and don't be in a hurry to buy.
Buying altcoins and calling that "diversification" is even more foolish because altcoins do not move independently to be considered a good option for diversification. Whenever bitcoin rises or falls, they get dumped because capital flows back to bitcoin. If you really want to diversify you have to buy something that is not related to bitcoin, like buying gold for example. |
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Poland announced the end of the era of Russian dominance in the gas sector
Correct me if I'm wrong but the article you shared in Russian says the pipeline is going to be able to transfer 10 billion cubic meters per year when it is finished, meanwhile google tells me that Russia has been exporting ~240 billion cubic meters of gas annually. I don't think 4% could be referred to as "end of the era of Russian dominance in the gas sector". |
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The reason why I posted that Russians would rather go for the American bases in Europe and Asia is that they are much more closer to Russia when compared to cities such as Los Angeles and San Francisco. Alaska may be close, but the total population is only around half a million. Same goes for Hawaii as well. Californian cities are more than 8,000 kms away.
Maybe, but I still don't think nuking a military base would be the plan since they can be neutralized a lot easier and a lot cheaper (less consequence) specially those bases in West Asia considering that they are already in hostile territory and surrounded by forces who have their "guns" pointed at those bases as we speak... |
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If there is actually a WW3, then it will take decades for the global economy to recover.
I don't think there would be anything left of the world to have an economy  Personally, I believe that Russia is waiting for winter to start. They will go on the attack mode by some time in November and till then they will continue to lose territory, especially in the regions of Kharkov and Kherson. The focus of the Russian army is primarily in Donbass, and this means that they are losing territory elsewhere.
I think they are basically trying to weaken NATO more before they start moving forward (hence waiting for winter). I also don't think they'll let any territories be lost in Kherson region since after the first plan was lost (annex anything west of Dnipro river) the main plan is to cut off Ukraine from the sea and basically reach Moldova by annexing all those regions in the south. The bombardments of southern targets from Ochakiv to Odesa could be considered a proof of that plan. Ukrainians haven't have that much success liberating those regions in Kherson front either. |
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We live in the place where in winter max temperature drops to -2 that is the max. And our country has been in oil and gas crisis for long.
It is hard for us to survive in winter how people going to survive in winter where temperature will drop to almost -40
Time to think what EU has done to themselves.
Well, humanity has survived long before modern times and usage of gas to warm homes. They will survive. It just takes time to readjust to the new conditions and go back to ancient ways of warming homes with firewood, coal, etc. and wearing heavy clothes to keep warm. ~
This phase is called denial, don't worry about it too much. Soon they'll reach acceptance. 6 months ago they called out anybody who talked about economic crisis in EU. Today businesses around Europe are declaring bankruptcy. 6 months ago I talked about food war/crisis in Europe, same idiots were in denial then too. Today they are talking about the said crisis themselves. The worst part is that the denial today is part of the reason for the crisis tomorrow. When their politicians kept saying "food situation is worse in Africa" instead of focusing on ways to solve it domestically, they wouldn't have been in what they call "cost of living crisis" today where people have to cut back on their meals to be able to afford it long term and not starve. |
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Even before WW2, Germany had the best technology in fields such as heavy engineering and automobiles. The only drawback was that apart from small deposits of lignite (Braunkohle), they don't have any resources of coal, oil or gas. The ruling class found the ideal solution by forming trade relations with the USSR. Cheap energy imports from the USSR propelled Germany as an industrial power. If they were dependent on expensive LNG, they would have never achieved this success. It is plain and simple. German industries need cheap gas and they will never be profitable with super-costly LNG.
Exactly. They built their massive economy on massive energy they didn't have, and Russia took advantage of it as much as they could for a day like this. In a recent interview in German TV the head of the Federation of German Industries BDI, Siegfried Russwurm pointed out the increasing number of insolvencies in the country. 30% have already declared bankruptcy while about 60% have claimed to go insolvent this season. Only about 11% of the German businesses has claimed to have no issues! Majority of them claimed that they are going to take their capital outside Germany. |
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It is the modern time and people rush for help where there is needed - these days Angelina Jolie is visiting flood affected areas of Pakistan and people are admiring her.
I'm confused, how does that help anybody if a celebrity visits the aftereffects of a flood?!!! Is she helping people shovel stuff out of the way? Or is she bringing people money to help them rebuild? Or is she just there for the cameras? If there is a nuclear war resulting from the Russo-Ukrainian conflict, then the chronology will be something like this:
1. Russia using tactical nuclear weapons against Ukrainian troops in newly annexed regions of Ukraine (Donbass, Kherson and Zaporizhia)
2. Americans using tactical nuclear weapons against Russian troops in these regions
3. Russians responding by nuking American bases in EU, middle-east, Japan and Korea
4. All-out nuclear war between Russia and NATO
I really hope that both sides will let go their ego and refrain from starting a nuclear war. But at this point, there is a significant probability of that happening. WW3 will wipeout a large fraction of the human race, if it ever realizes.
I don't think the nuclear war is predictable but I also don't think if US were to nuke Russia, Russia would nuke anywhere except US mainland. Not to mention that Russian nukes can reach US mainland a lot faster than the US nukes could reach Russian population since Russian population is mostly in the far west of Russia while their nukes are located in the far east close to America. |
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~
I think the real problem with altcoins or majority of them is their short term goal view, not only that, even investors of alts also have this view which automatically either put pressure on some of the genuine alts devs or motivate some of them to want to take the easy route.
For instance, an alts project that is launched under 3 months and haven't achieve a x10, x100 or so is considered not performing even while trying to achieve their goal through development.
Btc has passes through stages of development and improvement in years but alts wants to achieve this within a short period.
One of the reasons why Tokens were introduced was exactly to answer this demand. People (both investors and developers) no longer care about the technology but care about making money and as fast as possible. Creating a token is very easy, quick and costs nothing. So they can release something to make quick large profit as people would buy it! |
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According to the report, coal alone accounts for 37% of total bitcoin mining electricity consumption in 2022.
I'm having a hard time believing this percentage and the article claims it comes from Cambridge, I've already debunked their report about hashrates from different countries where they don't use any kind of logic or calculation but instead gather the news in the media and report percentages that way!!! This could be the same. Only under developed countries that don't have access to energy or have super expensive ones use coal to produce electricity. India, China, US and Japan are the biggest ones. China's hashrate is very small, India was never a big player in mining scene and US miners are mostly using cheap electricity that doesn't come from burning coal (I don't think Japan has high hashrates either). The rest of the world use gas and other fossil fuels and renewable energies to produce electricity. |
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CBDC is not going to replace the existing fiat payment systems and you can continue using them to buy bitcoin. Even with CBDC you are still making a payment where the purpose is not defined, it could be for buying groceries or for buying bitcoin.
And as always you can always earn bitcoin since it is a currency after all.
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Windows is very limited in using commands and stuff like that to compute hashes, etc. Linux is better. But in any case it is a lot better if you learn and use a programming language instead of trying to make it work with commands. Something like Python is easy to learn and you can use it for such purposes, not to mention there are many open source projects on github.com in python you can use.
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But we have also seen some open-source Ethereum smart contracts being breached and hacked for reasons that could be bad code, exit scams, lack of knowledge how to secure them properly, etc. It's very important who looks at the code and tags it as verified. If I am not wrong, some hacks occurred even though the projects were called audited and secure.
Well because Ethereum was open source we knew from day one that the protocol is very buggy and has a lot of room for hacks like the ones you mentioned. The fact that nobody listened is their own fault so we can't really mention those breaches in this context since they were already expected. The audits were also mostly fake, basically they created a business of auditing smart contracts and in the end they ended up getting paid (or bribed) to publish fake results. |
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Would you be able to give me an idea how I could perform the checksum on a windows box for my entropy example?
Sorry, I have no idea. My (apparently mis) understanding from the previous replies was that you take the SHA 256 digest of the 128 bit entropy then use the first 4 bits of that as the checksum occupying the last four bits of the 12th word.
That part is correct. The misunderstanding is after you computed and appended the checksum to the end and when you start changing your entropy. |
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