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3761  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: September 16, 2022, 10:22:54 AM
It is strategically located. If Azerbaijan invades the area between Naxçıvan and Azerbaijan proper, then there are two benefits:

1. There can be a direct natural gas /crude oil pipeline between Azerbaijan and Turkey (the current one goes through Georgia)
2. Any possibility of a natural gas pipeline from Iran to Europe, through Armenia can be sabotaged
Other benefits are for NATO which are massive:
3. Some say Baku will be added to NATO overnight if they succeed in taking that little corridor.
4. Europe would gain access to the gas-rich Caspian sea and can manage their energy crisis a little better.
5. Gaining access to that sea means NATO military bases right at northern Iran's border and bringing their navy to the Caspian sea threatening the whole region that includes both Iran and Russia.

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And I am 100% sure that the war will not stop unless Turkey and Azerbaijan conquers the southern portion of Armenia, which separates Naxçıvan from rest of Azerbaijan.
For now it seems like Baku knows better to get into a full invasion of Armenia so they will most probably have a lot more of these "little adventures" with high casualties that end too fast in a cease fire like the recent one but each time advance a little more into Armenia.

Things could escalate real fast though, if a third party gets involved... I wouldn't rule out possibility of "something" hitting Istanbul out of "nowhere" either... There is already a conflict between Greece and Turkey too...
3762  Economy / Economics / Re: Russia More Than Triples Current-Account Surplus to $167 Billion on: September 16, 2022, 09:59:18 AM
Speaking of drones, these days I am reading news about Russia buying drones from Iran (Shahed-129 and Shahed-191) and that the Russian delegation has already visited the Kasan air base several times to see for themselves their capabilities.
As for this particular news it's hard to say if it is true unless some evidence comes out.
- On one hand the media has been filled with a lot of nonsense lately (like the recent thing about Russia needing the Iranian satelite to spy on Ukraine lol). Neither side has either approved or rejected these claims.
- On another hand there has been a military relationship between Iran and Russia (clear from things like the naval drills over the past years in Indian Ocean and soon in North Atlantic Ocean). Also considering that Iran's drone industry is leaps and bounds ahead while the airforce is behind in regular manned planes, this could be true and about a swap (Shahed family for Sukhoi technology).
Ever since this comment, some more information has come out (both sides are still denying it though).
1. Iran's Army commander recently confirmed the Su-35 purchase which approves the second part of my comment above.
2. An unknown picture surfaced where they claim they've shot down a Shahed-136 drone!


There is no image of video of it flying or being shot down or even if the picture is recent or from Ukraine not somewhere else like Syria which they've been used against terrorists.
If this is indeed Shahed-136, due to their size, material and speed they are impossible to track and shoot down specially when they are diving. Not to mention that they are used in a swarm and in coordination with everything else, not as a single unit to be shot down alone.
Which means if the image is not all propaganda, then it is the remainder of the drone after successful impact and destruction of its target.


The way these loitering munitions (or the layman terms: suicide drones) work is that a swarm of them are deployed easily from for example back of a truck:


They remain in the sky until they detect their target(s) and are equipped with AI and are usually accompanied with a "mothership" that acts like the commander and can perform air-to-air fights, shoot its own missiles or deploy its own drones out of the back (I don't think the "mothership" is sold though since it is too high tech and is basically considered classified).

If the picture is not pure propaganda then what happened could be something like this for example:
A RU fighter plane is getting close for operation, the NATO intelligence reports that so they activate Buk-M1 (medium-range surface-to-air missile systems), the stealth drones already dominating the sky detect Buk-M1 and send a single unit of the S-136 to dive for the kill. After the success was confirmed and the operation ends, the rest go back home.


You can see them in the video below during a military exercise from a while ago (the last 2 pictures are from the video).
https://www.youtube.com/watch?v=VcZEJ40Gt9M

If there is any interest I'll try to post more analysis if more information comes out.
3763  Economy / Economics / Re: How to save as food inflation jumps more than 11% in a year on: September 16, 2022, 08:50:00 AM
How do we turn things around? Is there anything constructive we can do? How do people address these types of situations on a personal level?
There is a global food war going on and the only way things would turn around is if that war ends.

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While growing food may not be feasible for residents of cities. Is it possible to lease land in rural areas on city outskirts for purposes of food growing? Perhaps rural land near cities can be leased for city residents to house chickens, goats and livestock on a timeshare or communal basis?
Crops don't just grow on themselves, livestock don't just flourish and give you product automatically. You'll have to work on the land for all of it. A city resident has a job in the city and can't just go work in a field every day.
If you mean buying the land and hiring the farmers, they are already doing that and it is called capitalism which is one of the reasons why the food war is harming food security.
3764  Bitcoin / Bitcoin Discussion / Re: Bitcoin all over news so not unknown fiction anymore on: September 16, 2022, 08:41:49 AM

Most people still think that it's a huge scam/scheme waiting to blow up.
Some may think that way and some know bitcoin is real but the problem they have is to experience the bear market.  They never want to see the bear market, to see their bitcoin go down by the bear market is a big challenge to most people.  This is because people don't have patience to hodl bitcoin for awhile . When it comes to money some people are so greedy to see their money to reduce, all they are interested about to always see their money to add profit.
The good thing about a market is that the history of that market is always available for the public to view for free with just one click. All they have to do is google price history and look at some charts to gain the experience they don't have of a bear market. Those who complain because of the drop are the same people who are too lazy to research what they've bought! They just bought bitcoin because someone told them "it is profitable"...
3765  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: September 16, 2022, 05:17:50 AM
it must be noted that Iran is trying to arm themselves with atomic bombs. No wonder they are sanctioned.
In other words the countries with the biggest arsenal of all kinds of Weapons of Mass Destruction (one of which is nuclear) have sanctioned a country that might want to build nuclear weapons but so far there has not been a single evidence of it.
Hypocrisy?

FYI the beef they have with Iran has nothing to do with nukes, it is all about fossil fuels (oil+gas) that Iran has the most of in the world. In the media they can't tell you that "Iran has the most sophisticated defenses that we want to force them to give up under JCPOA disguise so we can eventually invade and steal all those fuels" because you won't find it appealing. But if they tell you that "Iran is building nukes" then you feel threatened. So they do that instead.
BTW they did exactly the same with Iraq. They first told you Iraq has WMDs but under the hood they were forcing them to give up their defensive capabilities. It took about 10 years of sanctions and disarming and attacks to weaken Iraq enough to start the invasion with the help of dozens of countries!!!
3766  Economy / Economics / Re: Germans are looking to firewood for energy as natural gas prices soar on: September 15, 2022, 10:20:15 AM
I can't read most of it, and I don't know blick.ch, but it looks more like a parody than a serious website.
It is most probably an exaggeration or at the very least it is a rumor to act as a scare tactic to maybe get some people to reduce their energy consumption/wastage. Not to mention it is extremely difficult and expensive to find, prove and prosecute anybody who breaks such a silly law!

BTW the spokesperson for the Department of Economic Affairs, Markus Spörndli started this rumor or whatever it is... based on Federal Act on National Economic Supply that gives NESA authority to take "measures" that include fines and imprisonment to ensure supply of essential goods and services that includes energy sources, foodstuff, etc.

Chapter 7 Criminal Provisions
Art. 49 Violation of national economic supply measures
1 Any person who wilfully:

a. violates regulations on measures based on Articles 5 paragraph 4, 28 paragraph 1, 29, 31 paragraph 1, 32 paragraph 1 and 33 paragraph 2;
b. ignores a ruling based on this Act or related implementing provisions despite being notified of the penalties that may be imposed under this Article;
c. breaches a contract entered into on the basis of this Act or related implementing provisions despite being notified of the penalties that may be imposed under this Article
is liable to a custodial sentence not exceeding three years or a monetary penalty.

2 If the offender acts negligently, the penalty shall be a monetary penalty not exceeding 180 daily penalty units.
3767  Bitcoin / Bitcoin Discussion / Re: Why isnt there a BTC browser wallet like Metamask on: September 15, 2022, 10:17:01 AM
No one dares to do so because of the high risk of getting hacked and they will be likely sued by most of the people who use their wallets.
Almost all the tools like these are being released under licenses that prevents you from suing them if you end up losing any money. You should be able to find it under the Terms of Services for web wallets or if it is some sort of open source browser based extension or tool you should look at its license on github.
For example if something is released under MIT license you agree that any damages or loss is not the developer's fault before you begin using it.
3768  Economy / Economics / Re: Germans are looking to firewood for energy as natural gas prices soar on: September 15, 2022, 08:06:33 AM
BTW, I heard that the government in Switzerland is threatening to imprison people, if they heat their homes above 19 degree Celsius in the winter season. LOL.. I was thinking that the Swiss are more intelligent compared to the other Europeans. Seems like they are not.

https://www.blick.ch/politik/gfroerlis-muessen-im-ernstfall-bibbern-heiz-suendern-droht-der-knast-id17851055.html
That's democracy. Heat your home and they'll imprison you for up to 3 years and you have to pay a fine of up to 3000 Francs! And to think they started this energy crisis themselves... Smiley

But in all seriousness this is another evidence added that to the list of reasons I posted here about how Europeans claiming their storages are near full is most probably a big fat lie.
3769  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: September 15, 2022, 05:19:31 AM
^^^ Russia is in a tricky situation with Turkic nations such as Azerbaijan and Kazakhstan. Rather than the threat from NATO, they should take the threat from Turkey more seriously.
Nah, Turkey can not afford to be a threat to Russia because they heavily rely on their energy and their economy is already in ruins and any new tensions (like a single loitering munition hitting an infrastructure in Turkey) would have dire economical consequences.

Those micro countries like Azerbaijan are not even considered big enough to be a threat. A handful of missiles are enough to neutralize each of them.
It's just that these countries have stupid politicians who are being abused by bigger powers and they think that they can gain some interest while everyone else is too buys to look at what they are doing. For example Baku is trying to take the area linking it to Nakhchivan but they won't be allowed to finish this ever simply because it is a very strategically important corridor that acts as one of Russia's main lifelines not to mention an important corridor to Iran since it is one of the routes used to link Iran to both Russia and Europe.

The misinformation Baku got was that the UNSC would busy Iran too much to distract it from their adventures. What they didn't count on was our military moving to the borders and the trigger fingers itching to take back Nakhchivan and possibly Azerbaijan (originally Aran) and reattach them to the motherland...
3770  Economy / Economics / Re: Queen Elizabeth II's death may pose financial constraints for King Charles III on: September 15, 2022, 04:51:50 AM
I'm not certain british royals perform any significant function in the modern era.
AFAICT it is quite the opposite. The monarchy has all the power in the country. From appointing the prime minister and the parliament to their day to day reports to the monarchy and not doing anything without their say so. From the ability to shut down the entire government from all ministries to the parliament itself to full control over the armed forces.
3771  Bitcoin / Bitcoin Discussion / Re: Why isnt there a BTC browser wallet like Metamask on: September 15, 2022, 04:07:58 AM
If you hold WBTC, you're going to need to trust that WBTC's custodian is backing the WBTC with BTC 1:1.
That's not enough though since even if they had bitcoin 1:1 they are still owning those bitcoins and they can decide to never swap bitcoins for their own shitcoin or sell those bitcoins and go away. There is nothing people can do about it.
3772  Other / Off-topic / Re: Gamma-Rays (5G) Network With Bitcoin Transaction Speed on: September 15, 2022, 03:32:32 AM
Basically everything in your topic was wrong!

Therefore, The speed in 5G network is the best option for bitcoin transactions. I made a transaction on Monday with Electrum to a friend and it took  almost 1 to 2 hours to reflect on the person's wallet.  Although, I also look at the fees and the number of blocks the coin will transmit before going to the recipient wallet, but that not withstanding, if the network is very fast it wouldn't spend some seconds to receive.
How long it takes for your transaction to confirm has absolutely nothing to do with your internet speed. After all bitcoin transactions are normally very small in size (less than a kilobyte) and it doesn't take that much to upload and then propagate them throughout the network with "normal" internet speed.
Dial-up internet speed is 56 kbit/s (8 kbyte/s), even at half that speed for upload that means it takes 0.28 second to upload a 1 kb transaction!

It is all about (1) how congested the mempool is in general. (2) how much fee you paid compared to the rest of the transactions in mempool. (3) your transaction itself and whether it had any unconfirmed parent(s), non-standard input, etc.
3773  Bitcoin / Development & Technical Discussion / Re: Partial Selfish Mining for More Profits on: September 15, 2022, 03:11:39 AM
They do have an understanding, but they have this huge assumption that there is a group of 'rational miners' who are willing to accept an incomplete block and willingly participate in an attack, because rationally, it makes sense.
But that makes no sense!

You see it is one thing to describe an attack where the "lazy miner" doesn't download the whole block (eg 1.5 MB) and only gets the 80-byte header to skip merkle root computation and updating its database (eg. 2000 entries) to save a second. Which is SPV mining.
But it is another thing to say that the "lazy miner" doesn't receive 4 bytes out of 80-byte header (the nonce) and blindly accepts it as valid.

The article is describing the later which makes no sense because unlike the first case there is no benefit in doing that.
3774  Bitcoin / Development & Technical Discussion / Re: Spending a custom script on: September 15, 2022, 02:58:37 AM
Private keys are required to sign the transactions, let's say you can give that signed transaction to someone else to push it.
You misunderstood the question here.
In bitcoin you do not use a signature to spend coins, you provide an unlocking script that contains whatever is needed to spend those coins. That script may or may not contain one or more signatures.
If you look at the example provided in OP you can see that the unlocking script (scriptsig) is just an arbitrary data that has to have the same double SHA256 hash as the hash provided in the scriptpub (aka locking script).
3775  Economy / Economics / Re: U.S. household wealth suffers record drop in second quarter on: September 14, 2022, 12:50:26 PM
How do americans feel being $6.1 trillion dollars poorer? If this negative economic trend continues, america could wake up one day no longer having wealth to throw at NATO or ukraine.
I suppose they should be used to it by now since regular Americans been getting poorer for decades now. Besides, it is not them throwing money at NATO,etc. it is their government that will always keep squeezing them for every last penny they have in the name of taxes. That's is on top of the money they earn because of this war from the garbage their military is selling idiots at prices that are up to 4x higher than pre-war times!

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Economic doom and gloom used to be a sensationalist media trend. People warned economic trends were not sustainable and things would be bad for decades on end. Now it appears negative trends we were warned about are beginning to materialize. But all hope is not lost. We can still find alternatives, boost production. Do what is needed to avert a worst case scenario.
It's just a painful transitioning phase that happens every now and then. For example when the US economy fell apart in 2008, over a million jobs were lost and millions of people lost their homes and income. After the transition was completed and some elites got fatter and bitcoin was created, the world went back to normal again.

2022 is the same with only one small difference, bitcoin is around and can be bought as the only existing hedge against the ongoing recession.
In fact that is why bitcoin price is being heavily manipulated these days preventing it from going back up. Otherwise just imagine what would have happened to US economy and US dollar if bitcoin had been soaring over the past couple of months and was worth something like half a million by now... I'd say half the world would have adopted bitcoin as legal tender and would have had replaced USD already.
3776  Bitcoin / Bitcoin Discussion / Re: Why isnt there a BTC browser wallet like Metamask on: September 14, 2022, 12:19:55 PM
Because it doesn't make sense for Bitcoin to have a wallet integrated into a browser plugin; it simply adds unnecessary risk. The reason why MetaMask needs to be a browser plugin, is because Ethereum users connect their MetaMask to "DeFi" websites.
Obviously those bag holding ETH don't understand or care about their security otherwise they wouldn't have bought a centralized altcoin with a mutable blockchain in first place Smiley
3777  Economy / Economics / Re: China's debt bomb looks ready to explode on: September 14, 2022, 06:22:59 AM
So will it impact China's growth? The international financial implications of Evergrande going under may be limited since most of its debt is domestic. Still, there will be second round effects. If it's the free flow of credit that has helped to sustain China's rapid growth, especially after the international financial crisis of 2008. Tighter credit norms must affect the peace of Chinese economic activity and therefore of the larger global economy. This could mark the end of the long run of "miracle" growth that has made China.
When you talk about Chinese economic growth or their economy in general you have to keep in mind that the system there is not the same democratic capitalist nonsense. It's different which is why some economy experts claim that China already had the growth they wanted to for now and they are shifting their attention to improving people's lives by closing the gap between different classes.

If you look at the past 40 years you can see that in China they eliminated absolute poverty (from 85% down to 0%) meanwhile it all those democracies with capitalism the gap is increasing fast as the poverty spreads, number of homeless families increase, quality of life deteriorates, ...
3778  Bitcoin / Bitcoin Discussion / Re: Can the blockchain be hacked? Ask again. on: September 14, 2022, 05:58:14 AM
The first part regarding 51% attack depends on what cryptocurrency we are talking about. Unfortunately when the quote says "blockchain" it can be any blockchain, for example if I create a PoW coin today with nothing to offer you can 51% attack it with your own CPU without really spending any money! But that doesn't work in bitcoin due to how huge the hashrate is and how well distributed the miners are.

The second part doesn't make any sense. If a single node is disabled, then that single node is disabled not the whole network and it doesn't affect the "blockchain" at all. After that single node comes back online it catches up to the rest of the decentralized network by connecting to multiple other peers. Which means there is still no "compromised" state defined for that disconnected node.
3779  Economy / Speculation / Re: Countertrading Jim Cramer on Bitcoin on: September 14, 2022, 05:48:43 AM
Whale Who Bet $1M on Terra's Collapse Now Countertrading Jim Cramer
This gives me flashbacks of 2017-2018 when newbies who closed their eyes and selected any altcoin and make a profit from its pump during 2017 thought they were "experts" despite everyone warning them and ended up losing all their lifesavings during dumps.
It is worth noting that most of those who made profit by pure luck thought themselves to be good "predictors"...
3780  Bitcoin / Bitcoin Discussion / Re: Father of Blockchain on: September 14, 2022, 04:37:38 AM
With due respect to Satoshi for creating bitcoin, i felt fascinated with the fact that Chaum actually gave the basic  concept of blockchain back in 1980s, when there was no internet and for such wonderful work in those pre internet era time we must be appreciate this person.
The internet didn't exist in the form we know today but in a way it did exist from the 60s. "Paul Baran proposed a distributed network based on data in message blocks in the early 1960s".
It was basically a smaller "network" between computers that could communicate with each other. It is like Bitcoin, there were other works done prior to Bitcoin but none of them could come to success. There were also no successful "blockchain" in any of them that solves the problems that Bitcoin did.
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