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3821  Economy / Economics / Re: IMF: War Dims Global Economic Outlook as Inflation Accelerates on: April 21, 2022, 11:29:49 AM
We should also not forget that Russia has something else that is traded and that the EU cannot survive, and that is nuclear fuel.

That's not really such a big problem.
There are only 4 states which depend on those, Bulgaria, Hungary, and the Slovakia Czech Republic duo, with less than 10GW, and furthermore, Westinghouse can produce the fuel, is just that all these countries have contracts with Russia and the replacement of fuel was already planned.
Allow Romania to restart all its coal powerplants and there you go, 12 GW capacity with interconnection just in the middle of the problem.

Nuclear fuel will be easy, oil will be tricky, gas is the problem!

I know that oil prices are a major factor for the inflation,but the global oil prices were moving in the 110-140 USD range during the war in Iraq(2003-2007) and there wasn't such gigantic inflation everywhere around the world back then.There's something wrong with the global economy.

There was less trade being done at that time, look for example the volume in shipping, the war didn't come after a lockdown that fucked the logistic chain forever and still keeps 1/4 of China messed up, and more important that was Irak, it wasn't a clash at the door of the second economy if we count EU as a whole.
3822  Bitcoin / Bitcoin Discussion / Re: Ireland to Ban Political Donations in Cryptocurrencies on: April 21, 2022, 09:03:50 AM
But don't you think it is quite easy to go around this new policy? If somebody wanted to donate cryptocurrency to a particular candidate or party but cannot because it is prohibited, then he/she could just easily convert his/her crypto first before donating it.

That's the whole point of the restriction, identifying the donor.


Or if somebody from Russia is instructed to make huge donations to a candidate they are supporting, isn't it easy to channel such fund through another person from Ireland?

There are limits in place, you will need to find a lot of people to donate small amounts, and when a lot of them do it is easier to trace where the money is coming from, one or two transactions can get unnoticed but when thousands of people suddenly start receiving money from abroad and donating for the first time it gets suspicious.
With crypto donation it was simple, you could donate millions in 10$ batches from millions of addresses anonymously.
Plus, political parties and candidates have to reveal how much they've got, cryptos allowed them to bypass this and use money from donations for themselves.



3823  Economy / Economics / Re: US Sanctions Russian Crypto Mining Host Bitriver on: April 21, 2022, 08:51:16 AM
Imposed sanctions by the USA already proved to be ineffective.

Your own Central Bank chief and even the Mayor of Moscow say something else:
https://www.businessinsider.com/russian-central-banker-warns-country-reserves-finite-nabiullina-ukraine-war-2022-4
The only thing that seems to need more sanctions is the import of brainwashing drugs, Russia seems to still get those in large quantities.

it's a problem for companies in Russia right now,,, but even so crypto users are not only in the US, there are many countries that Bitriver can target for their cloud mining services for example India or China,, of course they have a way to get around this problem

Oh yeah, they could definitely sell their mining operations to China! And the Vatican! And Bartovia!

Anyhow, if the US has started to add mining companies to the list Bitmain will have to start making some very cautious moves and decide to whom they plan on selling gear. The US market is by far the largest purchaser of gear right now, Bitmain has orders in the billions with US companies and they don't want to mess that up, moreover, their chip supplier TSMC has already banned the sales of chips to Russia or third companies dealing with Russian clients so slowly the gate is closing down.

3824  Economy / Economics / Re: IMF: War Dims Global Economic Outlook as Inflation Accelerates on: April 21, 2022, 08:35:42 AM
While gas is more difficult to transport - all the pipes kinda end up in Russia (and not Rome) - oil has a wider list of providers, and with Germany announcing they'll get rid of Russian oil imports this year, they pretty much forced Russia rush the sales, hence lowering the price (we'll see in December if it was the typical FUD we also see in Bitcoin markets or not, but for now it started to work).

Hmm, more like every gas pipeline end in Wien  Wink
Russia has the same problem as Europe, all their gas can go only to Europe, even if they would tries to sell it to China or India, it's simply impossible, and look what China has to say:
https://www.scmp.com/news/china/diplomacy/article/3172028/russian-gas-sales-china-will-not-make-loss-european-markets

Quote
Russia exported 16.5 billion cubic metres (bcm) of gas to China in 2021 via pipelines and in the form of liquefied natural gas. There are plans to significantly increase pipeline capacity to almost 100 bcm and boost LNG sales too.
However, Russia is exporting about 170 billion cubic meters (bcm) of natural gas to the European markets every year and the prices for the two buyers are “dramatically different”, according to Mitrova.
When the line is in operation by 2026, the annual supply of pipeline natural gas from Russia to China will rise to 48 bcm, nearly five times the 2021 figure.

Rusia is also trapped in this.
What some guys that claim Russia can cut gas to freeze Europe to death might find shocking is that Russia still pays transit money to Ukraine to deliver gas to Europe! The perfect clusterfuck, wars and diplomacy were far easier in medieval times!
3825  Economy / Exchanges / Re: Black List of crypto exchanges! (BANS and confiscation) on: April 21, 2022, 08:22:15 AM
New restrictions for Russian Binance users if they have over 10,000 euro worth of crypto deposited there.

 Roll Eyes

I just love the crypto world, this habit of ruining people's predictions in 24 hours or going 180 degrees just after something was announced as well as this one, for example, you can't say life is boring in crypto.

But what does this even mean,

Quote
Accounts that classify under this restriction will be put into withdrawal-only mode.
ok,go it..
Quote
In addition, all deposits to accounts for Russian nationals or natural persons residing in Russia, or legal entities established in Russia with over 10,000 EUR will be restricted
How can be these restricted even further?

Anyhow, how long has it taken for CZ to cave in? One week?
From the guy that said once Binance needs no country to reside in and no license to operate he seems quite eager to follow legislation lately.





3826  Bitcoin / Bitcoin Discussion / Re: Some Bitcoin Fun Facts. on: April 20, 2022, 06:21:12 PM
"Must know" facts, oh my god, nearly all of them are wrong.

1) Lazlo didn't spend his coins at a local restaurant, he offered 10k BTC to Jercos who ordered the pizza for him in exchange for the coins.
2) Lamborghini wasn't the first car company that accepted bitcoin, actually, even now you can't walk in every Lamborghini dealership to buy one with coins, it was a single car dealership that accepted coins
3) The coins that were seized from Silkroad have been auctioned in 2015, the rest are only 70k BTC , Coinbase is rumored to have more than 1 million BTC in cold storage, the single address with the biggest stack of coins right now is Binance's cold wallet with 250k.  BTC
Moreover, 120 million$  in BTC means 3k coins..
4) Again outdated by over a year, China no longer holds 60% of the hasrate

Whoever charged Remitano for this article tricked them pretty well.


3827  Economy / Economics / Re: Share entry level commodities plays on: April 20, 2022, 04:36:20 PM
To do this, we need to have a warehouse large enough to hold a large amount of used goods and take a long time to collect them.

He's talking about buying the scrapped metal from recycling centers and storing it, but that's simply not possible for the average citizen.

The recycling price for aluminum is about 1 euro, so you would need a sizable investment that will at least cover the back and forth cost with the transport from and back to the center at least something at around 2-3 tons, let's say you will have it pressed that's one cubic meter weighing 3 tons sitting in your apartment...Not really something someone would want there, right?
Also, there is this misconception that because aluminum is not rusting it acts like gold but aluminum is not resistant to corrosion, also cans are not made only of aluminum, there are different alloys used to harden the top and the bottom of the cans, so the price will always be lower for that than raw aluminum ingots.

Prices of lead have also gone up, maybe it's time to put some 10cm lead walls around?  Grin



3828  Economy / Exchanges / Re: Black List of crypto exchanges! (BANS and confiscation) on: April 20, 2022, 04:16:20 PM
Black List of crypto Exchanges! Which can ban you and confiscate your funds at any moment under the pressure of one or the other globalists.
Due to Putin's military invasion of Ukraine, some crypto-exchanges, preventively, without official legal requests and regulatory pressure from globalists,

Oh, the evil globalist.
How about you do one thing if you're against globalism, trade only with your own currency in your own national exchange and don't go global?
It's their companies, a private business and they can act how they want, you can't force somebody to make business with you just because you're "innocent".

And now for the cold shower on your dream of the blacklist and stigmatized honor, you know why nobody will give a damn about this?
Because you yourself didn't give a damn before on how those exchanges are banning other countries, you haven't stated atopic about how every banned country find itself on one of that list, you didn't give a damn till your own personal finances took a hit, this is the real world and the way it works right now.
And why should some users praise Binance for not banning Russian accounts when Binance restricted bank transfers from Nigeria?
Have you protested then, no, you didn't care! And much to your surprise, 99.9% of the world won't care about your issue either.

Such behavior is UNACCEPTABLE and contradicts the very essence of the cryptosphere.

The very essence of crypto is not your keys not your coins and the removal of the third party in a transaction, what you're doing using a cex is against the very essence of bitcoin.  Wink
3829  Bitcoin / Development & Technical Discussion / Re: How to reduce energy consumption and eliminate wasted work on: April 20, 2022, 03:49:52 PM
Yeah, it's pretty nice to use the heat since it increases the efficiency. If you could use all the heat, the efficiency could theoretically exceed 100%. I was thinking about putting ASIC chips into boilers for instance, instead of a plain resistance wire; the expended energy would be the same, but you would get heat + Bitcoin instead of just heat.
It's not a bad idea, but only thing that would be annoying in this case could be noise generated by mining.
This is not unsolvable problem, because I saw some special cases that are made to totally isolate all the noise generated by mining, in your case you would need to better isolate your boiler Wink
I'm not 100% sure; because what's loud are the fans, but when you heat water with your ASIC, you don't need fans right? Since you transfer all that heat into the water.
I've also seen someone submerge S19's into those special oily non-conductive fluids and exchange the heat from the 'oil circuit' into the 'water circuit'.

The thing about insulating the miner is to divert the noise outside, you can't just make a soundproof box and put the miner inside and that's it, what you will have is one cooked miner in probably the same time as a thanksgiving turkey. You need to have a flow of air and you need tubes, basically redirecting with this the whole noise outside, and if your house is too close to your neighbor he won't be happy hearing a vacuum cleaner noise 24/7.

Oh and yeah, no liquid cooling heat transfer, immersion system uses fans, it would make no sense.
Immersion cooling is obviously the solution but those things don't really work with random heat consumption such as a boiler, you would need to scale it at the exact size to keep the water hot but at the same time to overheat, add more miners and what are you going to do, heat your pool constantly? The other aspect is the cost, is your heat exchanger system for hot water more expensive than what you would pay normally for it in ten years? Paying 10k for a bitcoin boiler with no Asics included? Not really a way to save money.

Anyhow, since both Micro and Bitmain are still betting on over 3kw miners and looking more and more at industrial miners like the mM53 that will come with 6.5kw consumption, the market share of real home miners as in mining in your own home, will probably go down well below 1% in the close future. That is, if we're not already there.
3830  Economy / Economics / Re: IMF: War Dims Global Economic Outlook as Inflation Accelerates on: April 20, 2022, 03:18:02 PM
I've read somewhere that the energy prices seem to finally be on a downside trend*, kinda back to normal. But did they stop the printing machines? Not really.

That's US-traded gas, and it went down 10% after going up nearly 100% since January, it was a sudden spike now a sudden drop.
Dutch gas Future (which are important for us in the EU) are almost flat.

But funny enough, the only energy price that goes down the hill is Russian Oil, Espo is $83.15 and Ural is $77.54 per barrel, now almost 40$ cheaper than Brent as Russia runs out of inventory and ships to sell that. Quite the mess isn't it!?!

Things like this will certainly be inevitable, because with the increasing tensions in Russia-Ukraine, global oil prices are increasingly unstable, and especially western sanctions are worsening the situation,

Oh no, it's the sanctions that are the worst, not Russia invading a sovereign country and killing its citizens.
There is a simple fix, Russia can withdraw their soldier and stop the bombings and killings, easy as pie.
3831  Economy / Economics / Re: Everything you wanted to know about ES Volcano Bond and were afraid to ask! on: April 20, 2022, 02:54:07 PM
He does not want hardship in the city. It is an egalitarian society where everyone has equal distribution of wealth. Everything is well planned.

Egalitarian society, lol!
This is just some bullshit leftist propaganda, bitcoin has nothing to do with your dystopian commie future, bitcoin is actually the essence of capitalism, the ones with the capital are the ones affording to buy coins, the ones that want to take other person's wealth and redistribute it can't do it because my keys my coins my decision.

What a wonderful city plan. The MODEL of the City is the most number one developed city in the world. If I wish this come to the reality. The volcano is making the city more attractive and beautiful.

What plan?
Have you ever seen something beyond some colored squares on a map?
He doesn't have the money to build that city, the bonds will cover only 7% of the cost of the plane which of course will be double as this happens every single time, this is just a way to finance his growing debt and buy time, nothing else.
Go to skyscrapercity and see what people there have to say about such "plans".

I have a bad feeling about this.

Everything is according to plan. Wink
They are just finishing the numbers to see how many years in prison they will get for this and if it's worth it, they will go ahead.





3832  Economy / Economics / Re: Sri Lanka defaults on its $51 billion external debt on: April 20, 2022, 02:29:09 PM
It is difficult to recognize Sri Lanka as the most successful country, of course, but somehow I did not observe noticeable problems, at least until 2018/2019. Can anyone name the reasons?

Economic death spiral.
It started with populism, wanting to cut taxes but they went beyond what the budget could afford, you can't tax cut and at the same time rise incentives for not doing anything, one of the few times the FMI was right, you can't improve the economy by cutting VAT and covering that from money printing, at least if those tax reductions would have gone to production, but no!

Then COVID happen right after a terrorist attack so tourism was destroyed, there was no income and they started printing more and more and somehow managed to get even more debt on the way and of course, the debt was in other currencies not in their own, a little Weimar of their own.

On top of that a few final nails in the coffin, one of the eco madness that, of course, destroyed production of food, making less food per ha and more expensive, that in a country that is beyond the 100th place when it comes to GDP per capita, resulting in the awesome magical trick of losing places beyond that when it comes to GDP PPP, purchasing power, a clear sign of personal finances going down the drain. And more the fact that they still have to finance money-losing projects or they would face far bigger financial losses and workplaces, the textile industry hiccups during covid which left a huge mark last year, this year skyrocketing cotton prices, and so on and on.

Bad decisions were made at the worst possible moment and short term there is no miracle cure, this is far worse than Greece.
3833  Other / Meta / Re: Please have a look at this crap (1xBit). on: April 20, 2022, 01:38:21 PM
I didn't know that. How do you know that? In any case, it's one thing not to moderate scams and another thing to let them laugh at the forum like that.

Seems like I was mistaken a bit, the campaign has suddenly reopened, I've been watching only one topic and I didn't realize they have two of them.

But, the whole thing is fishy, is there any campaign that has such an amount of accounts that have clearly changed hands and accepted them and paid them despite negative feedback? Look at the behavior of the accounts, they all defend their sponsor going beyond what's normal, you won't see that with any other normal users, and in no way you're going to see the accusations they hurl at others, it's simply a completely different behavior. Plus, a lot of them were getting tagged yet they've never been to meta or reputation to ask why or plea for removal, why would somebody risk an account for a few weeks of signature money that might be over tomorrow?

As for the addresses, this needs to be looked on by somebody with much more experience than me with blockchain analysis but last year when I've been browsing through their addresses I've seen a lot of really weird things, too many of those go through tumblers, and I don't see users who can barely write down a phrase longer than 6 words being able to mix their coins this way.


3834  Other / Meta / Re: Please have a look at this crap (1xBit). on: April 19, 2022, 12:45:07 PM
I looked at his posts a month ago, and wonder if this can really be paid?

The signature campaign is over, and this is one of the bought accounts that 1xbit used themselves hiding behind a signature and trying to make that also look like a legit campaign, there were no real users just bots so there was no real payment. Even if there would be a tx in the blockchain it would be from their wallets to another of their own.

As for ajochems, what a transformation from one of his last original posts:

Quote
I hope to start working on the C++ code tree again in the coming months, ... i have the following on my wish list:
Separating core (lib), CLI and Qt wallet source code into different projects
Implementing reverse blockchain download using checkpoints to speed up initial wallet sync for new users
Re-evaluate possible diff options as i am convinced that there must be a better algorithm than the current one
Looking at adding some Insight server items straight into the CSC daemon and rebuild the Insight API on top off the C++ daemon instead of its own NodeJS implementation

to:

Some people will not accept the halving process.Because they thought,it as a fake one.Halves are not accepted fact.But the people had analysis,the all three halves was accepted since 2016.The support for the crypto currency was still increasing with year to year.This was not happened in one day,bitcoin struggle lot of bad sides.At the end,it had show us the clear lesson for the life.

Much knowledge gained! Such progress!
3835  Economy / Economics / Re: Sri Lanka defaults on its $51 billion external debt on: April 19, 2022, 12:18:16 PM
Oh, the irony of having this topic just below the one about Russia and China forging a new world order, not even mentioning the fact about the debt being paid in rupees.
Quote
Sri Lanka had sought debt relief from India and China, but both countries instead offered more credit lines to buy commodities from them.

Loans taken on projects that were never going to be profitable, a corrupted government that got bribed and sucked into total dependency and here are the results, but it's pretty funny how find themselves in this mess they didn't stop for a moment to think how to get out on their own but took even more loans and when loans are not accessible anymore probably take mortages on whatever is left of the country.

that's  right after they've commited sanctions over russia. It was a nice move

Yeah, too bad it was one of the countries that didn't action Russia, and one of the the possible partners
https://www.tamilguardian.com/content/world-slaps-sanctions-russia-sri-lanka-looks-deepen-trade-moscow

fatal blow was sanctions, with people dying in queues to gas station

Yeah, but they were buying sugar, not gas, they had no cars and they weren't Sri Lankans but Russians.



3836  Bitcoin / Project Development / Re: I need only 5k$ investment and i can gain 200.000k$ Profit - Join Project on: April 19, 2022, 11:48:11 AM
Looking at how you throw around 5k or 2k, 500k to 1 mil users but not even mentioning what effect not reaching half of this target would have on your profits make some think you're just extrapolating numbers based on some fictive numbers. I wonder if we will ever see the end of those projects coming from people who "know" what they are doing, who are successful in what they do but in order to get millions they need 100 bucks for coffee and burgers.

Just think about it, you're giving away 200 000 dollars because you don't have 2k or 5k, despite claiming to already have a successful business.
Who would buy this?


You can't ask for some payments in advance from those clients, and reinvest them in your business?

How those things work, in theory
He needs those 5k to buy followers to his channel and Twitter and other social media so he could be big enough to maybe grab some partnerships in airdrops distribution bounty work from which he might get a share.
Unfortunately, the industry is beyond the cliff, heading full speed towards the bottom of the canyon.

3837  Economy / Scam Accusations / Re: TacaliCoin - Project with Zero Purpose and Goal on: April 19, 2022, 11:33:11 AM
Oh, so this explains the increased activity from him lately

Now start a topic with: how bitcoin is a scam,tell the world how Satoshi scammed you,if you don't like this kind of crypto / tokens ,else nothing to say to you.

Bitcoin wasn't pre-mined and Satoshi never started a website where he would sell all those coins, just bringing him into such a comparison is a clear sign you're not just one simple scammer but also one hell of a piece of you know what.

Nobody is forcing you to buy Bitcoin or TACA, What i do with crypto i earn from TACA

There are people who sell drugs, fake merchandise, and expired food, nobody is forcing me to buy those but that doesn't mean they aren't breaking the law or that their business is legit. Since you're obviously promoting and selling some tokens that you know they have zero value whatsoever that makes you an untrusty person, simple as this.

TACA it's not a investment token

I'm pretty sure you don't know either what this shit is supposed to be.
3838  Economy / Economics / Re: Another no privacy from Russian Bankers on: April 19, 2022, 11:13:09 AM
I get that it is not ideal to have absolutely no privacy when you are using crypto, but I rather have zero privacy and allowed crypto usage over privacy but with banned crypto.

And the next step is to have all your cryptos in government controlled wallets, then what do you think will happened next in the country that decided on a whim to exchange all foreign currencies in private accounts to rubles?
Whenever the government wants they will force you to liquidate all your crypto assets in the name of the great patriotic war.

Now that it is out in the open, that means that Russian government can't just make it illegal, what can they do? They can learn all of your crypto and make it a taxable thing as well, that way they wouldn't have to make it illegal.

And they can tax it and at the same time make it illegal to use it as a payment method or to move coins from a personal wallet to another person's wallet, only legal usage to be purchased and sell on government-licensed exchanges.

If the Bank of Russia really introduced such a law, Russia would chase out even China through repression. I think that if Russia's policy goes in this direction, it will soon catch up with even North Korea.

Oh, no, what a thing to say!
The assassinations and jailing of political adversaries, the continuous suicide of journalists and businessmen with 10 bullets in the back, the arrests for holding a black piece of paper were not signs enough that it was on the same path as North Korea it had to ban cryptos to make you realize that. Wink

Many people will just move to the darkweb and keep using their non-custodial wallets.

How much polonium tea can you drink a day without getting sick?
3839  Economy / Economics / Re: The "mining cost price floor": Myth or reality? on: April 19, 2022, 11:00:26 AM
Yep, agree too here, although if they behave in a too risky way (i.e. increasing hardware expenses in times where a bear market is likely) they may lose their income stream from investors. But these companies will of course have a bigger margin to operate before they'll have to shut down.

Looking at how Faraday Future found investors, went into financial troubles found more investors, went near bankruptcy, found another Chinese investor that went himself bankrupt only to be listed on Nasdaq, and maybe still manage to find a buyer these guys will have it easy, at least for them there is always the mantra BTC to the moon. Plus If we consider true the numbers they release in their PR statements they mine a 2.5-4 cents on average, keeping the boat at positive EBITDA  is easy.

I think that many years ago when mining was a significant way to obtain bitcoins, there may have been something close to a price floor determined by the cost of mining.

I don't think that it was due to the percentage of freshly minted coins but because of how mining was done then.
With a lot of home miners with no advanced payments, no wages to be paid for maintenance not rent the math for such a miner is pretty simple, if I spend more on electricity than what I'm getting in Bitcoin I rather shut down and buy bitcoins directly that day, at least that's how I would do it even now if I woudn't be tied to an annual electricity contract.
3840  Economy / Service Announcements / Re: [ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented on: April 15, 2022, 06:11:09 PM
Now on to the obvious question right now, can we simple users do something about this?
Aren't we already doing a lot in our signatures?

Hmm, I don't think this has anything to do with our signatures.

The .xyz and the .online domains are scammers, a lot of users around here including myself have reported google ads, domains to domain registrars and hosting and even video on youtube for all type of possible scams, I don't think that doing 3 minutes of reporting is something that should be considered a task or should be restricted to an ongoing partnership or directly affected users.

If there is a chance that by writing an email or filling out a simple form a scammer will be stopped at least for a while and save somebody from a monetary loss I think that's some well-spent time.

I'm starting to think of adding this to /etc/hosts:
Code:
127.0.0.1       google.com

The users who know how to add that and know what it does aren't probably the ones that will fall for a phishing website in the first place.
As for the google suing part, as much as I would see it happening I give it some hell frozen over chances. 
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