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41  Economy / Economics / Re: April CPI eased to 3.4 from 3.5 in March on: May 18, 2024, 02:34:42 AM
I don't want to start a new topic about this yet so I'll ask here: what do you guys think about the new stupid "tariff war" the idiots in Washington are starting with China?

I think the last biggest time (which could be categorized as a "tariff war") was in Trump administration and the Chinese retaliation put an stop to it because US economy couldn't withstand it. But back then US economy wasn't experiencing inflation+recession at the same time like it is today.
42  Economy / Economics / Re: Hyperinflation - Will it lead Countries to Adopt Bitcoin? on: May 17, 2024, 05:15:55 AM
Once the investors of bitcoin get wealthy and ~~
That's a double edged sword.
Another way of looking at this is bitcoin can make a lot of people poorer, specially when they look at bitcoin as a tool "to get wealthy". What we call "weak hands" consists of such people in general. For example they buy bitcoin at $40k and then panic sell at $35k just because there was a correction then buy back at $50k just to panic sell at $45k.
43  Bitcoin / Bitcoin Discussion / Re: Found corrupted wallet.dat??? on: May 17, 2024, 04:19:48 AM
I found it uploaded onto an online directory
If you hang out on bitcointalk as long as others here have, you see people like yourself who "found" such garbage on the internet (usually pay for it) then end up creating a topic like yours. Although most of them don't say where they found it, they usually say it is "their own wallet"!

These files are manually changed to look like they contain such large amounts. They rely on you to be greedy so that they can scam you, one way or another.
Usually they scam you by selling the file to you for small amount of money. Sometimes it is just a malicious file that would infect your system and steal your actual bitcoins. Sometimes the file is free but they rely on convincing you to pay a service they run to "recover" those coins Tongue
44  Bitcoin / Bitcoin Discussion / Re: What is going to happen Biden orders remove of Chinese-owned crypto Miner? on: May 17, 2024, 04:11:56 AM
Based on your comments here, it would appear that you are fine with the Chinese government and the Iranian government being involved in business in the US, just not the American government preventing them from doing so. Interesting....
Isn't that the definition of Economic Liberalism inside a Democracy? Or was it all lies told to the sheeple to lull them into thinking they aren't subjects in a Neo Dictatorship regime? Wink

that's China's part of being overcapacity. who buys such land now with the kind of real estate market today? the mining farm will be forced to sell the land for the cheapest price. but i'm guessing this is part of their suspicion that there will be a Chinese hacking attack and it may come from that mining farm, remember this is a security concern since it's near the military base.

that mining farm might as well move to Venezuela where there is cheap oil to run the entire company.
You don't run a mining farm on oil, you run it on electricity and electricity isn't generated using oil. The electrical grid of Venezuela has had issues in the past so I wouldn't call it the most reliable and that is very important for an investor who wants to start such a business in another country.

As for the "real estate", I can't comment on it. The individual/businessmen who made the decision have to answer that. But that doesn't change the fact that actions against these individuals that have nothing to do with the Chinese government is against Economic Liberalism that US regime lies about having.

There is absolutely no "security concern" here either. That's just bullshit. As I said before, if China wanted to spy, hack or attack anything in US mainland they'll just send another balloon that US military won't even detect like last time instead of using the most obvious origin which is the bitcoin mining farm!!! Cheesy
45  Bitcoin / Development & Technical Discussion / Re: Outdated API code translation on: May 17, 2024, 03:50:58 AM
v2 is a deprecated API version on chain.so and the `get_tx_spent` simply return the transactions related to the given address. It is replaced by the `transactions` endpoint like this:
Code:
/api/v3/transactions/{{network}}/{{address}}/{{page}}
You can see what it returns in the API docs https://chain.so/api/ the old response was similar to this one as well. It did return transaction hashes alongside some other information such as the amount transferred and the signature/witness in that transaction.
46  Economy / Economics / Re: April CPI eased to 3.4 from 3.5 in March on: May 16, 2024, 05:47:58 PM
But with news that inflation is showing signs of going down, we can expect inflation to drop below 2% soon and the Fed to lower interest rates soon. In particular, people are more optimistic and believe that the Fed will lower interest rates twice this year as inflation is gradually being controlled.
Inflation has only shown signs of being "sticky" not signs of going down.
For it to go down the chaos in the world has to calm down, energy prices have to come down, the supply chain disruptions have to stop, etc. then we can start seeing inflation start coming down and then we can see them lower the rates. None of it is happening yet though.

It is now clear that the Bitcoin market is highly connected to the US economy.
So you are saying that the economy (inflation + recession) in the rest of the world is fine and it is only US economy that is affected by these things?!
Shall we take a look at G7 countries in 2023?
Country|Inflation rate|Interest rate
USA|4.1%|5.33%
Canada|3.8%|7.2%
UK|5.2%|5.25%
France|5.7%|3.5%
Germany|5.9%|3.5%
Italy|5.9%|5.0%
Japan|3.27%|0.1%
The only deviance is Japan and Canadian interest rate but the rest are pretty much the same.
Things are worse in smaller economies. This is why Bitcoin is affected, because the economic crisis is a global event not a local thing limited to US economy.

Whether the market reacts to a news like the US CPI is a different matter that doesn't mean there is a "connection". It's just weak hands panicking/FOMOing after reading something in the news.
47  Bitcoin / Bitcoin Discussion / Re: What is going to happen Biden orders remove of Chinese-owned crypto Miner? on: May 16, 2024, 05:24:53 PM
Based on your comments here, it would appear that you are fine with the Chinese government and the Iranian government being involved in business in the US, just not the American government preventing them from doing so. Interesting....
Isn't that the definition of Economic Liberalism inside a Democracy? Or was it all lies told to the sheeple to lull them into thinking they aren't subjects in a Neo Dictatorship regime? Wink
48  Economy / Economics / Re: Hyperinflation - Will it lead Countries to Adopt Bitcoin? on: May 16, 2024, 12:04:40 PM
They may adopt bitcoin like El Salvador but it won't solve any of their economic problems.
For example the case of Argentina that you used is the consequence of a crazy person being elected as the highest ranking official of the country. Just check the inflation charts as a clear indication.
Argentina had high inflation before him but it is around 40%. Then el Loco was elected and inflation jumped up to 133% in 2023 and to then to 249% in 2024. That Is Crazy...

Now back to El Salvador. The economy of this small country has been improving NOT because they adopted bitcoin but because they had a much better government that has been using their collective heads to improve the economy and solve the issues instead of creating new ones.

I also have to mention that bitcoin's volatility can hurt the country's economy even more, specially if we end up experiencing a long bear market after they adopt it while having severe economic issues.
Also Argentina currently has billions of dollars in budget deficit, mining bitcoin is not going to help that either.

On top of that, the crazy man is doing a lot more damage to crash the country's economy. He has also been doing things like cutting energy subsidies that worsens the inflation, damaging the job market, local production, etc.
And worst of all he is printing bonds and selling them, which is effectively increasing the national debt, increase inflation and dump the local currency even more! The worst of these effects will be seen in long term as the government that is already out of money has to print more money to pay the interest on those bonds...

That's just the tip of the iceberg. In comparison Bukele never did any crazy things like that in El Salvador. That is why the inflation rate in El Salvador has been declining and is currently at 0.77%.
49  Economy / Economics / Re: April CPI eased to 3.4 from 3.5 in March on: May 16, 2024, 07:19:19 AM
If the CPI prints another small decrease during the next report, both legacy and cryptocurrency markets could surge to new all time highs. But to play the devil's advocate, isn't the sudden change of mood to extreme bullishness also inflationary?
I wouldn't call this bullishness because it is still small and only too soon to say. The impact of a 0.1% decrease is not significant enough to bring all the money that went out of the market, back to the market and create a rally to reach ATH.

Also the problem is not inflation alone, the actual problem is still as it has been so far: a combination of both inflation and recession.
People are earning less money + have to spend more money on goods and services + and at the same time pay higher interest on their loans. The combination of these things mean they have less money to invest in anything, least of which is something as volatile as bitcoin. While also having to liquidate their assets (eg. sell their bitcoins) to cover their increasing cost of living.
50  Economy / Economics / Re: Economic Implications of War on Individuals on: May 16, 2024, 03:36:02 AM
Your predictions that Ukraine would not receive about $60 billion in military aid from the United States did not come true.
Technically all the money they assign to this so called "military aid" is being injected into the US economy, namely the weapon factories in contracts with the American arms dealers to fill the depleting US stockpiles. That means the aid that reaches Ukraine is not necessarily $60 billion.
Also keep in mind that even before this law was passed, US was sending Ukraine "military aid" and it was already in the billions (something you guys denied and call it a lie when I said it a while back!).

Quote
Now Russia is also attacking Ukraine in the Kharkov region near the city of Vovchansk. Whether they want to capture Kharkov, or get within artillery range of it, or whether this is just a diversionary strike to force Ukraine to weaken its defense of the Donetsk direction, time will tell.
This was well expected from the the moment a series of attacks were launched from Ukrainian territory into Belgorod, Russia. The goal is also obvious. It is to create a safe zone into Ukrainian soil so that the attacks on civilians in Belgorod stops.
The rest (like pulling Ukrainian troops from other fronts) are secondary goals.

In addition, now almost every state has its own long-range missiles,
100 to 400 km range is not categorized as long range. It is barely short range.
Even having long range missiles alone does not solve anything. The things you should look at are:
1- What type of missiles (to know their capabilities)
2- How many of them (to know whether they can pass Russia ABMs and actually reach their targets and have an impact).
3- How many launch vehicles (after launch they will be detected and destroyed so they'll have a short life span)

These 3 are the main factors that could determine whether these "missiles" you mention have any effects whatsoever.
51  Economy / Economics / Re: Economic conflicts because nobody don't want to live with less USA vs brics on: May 16, 2024, 03:07:53 AM
If you are bigger country like china ....they just nuke you that's it.
As I said your understanding of the world is pretty weird!
Have you ever heard of "mutual destruction"? You think China would just stand idle and watch the nukes come? No, they'll nuke US back and  the entire North American continent would cease to exist.

Quote
Look at japan USA nuked japan 2 times and now Japan listen USA before japan stand up against USA
Wrong again.
Japan was already defeated in WW2 and had no hope of changing that. They were already sending negotiators for a peace treaty. In case you don't know Japan is more like a small island without resources and at the time it had no infrastructure left.
Then US regime nuked them to make a point in the new world order at the time (nuked once, two cities) to send a message that you are receiving about 80 years later Cheesy

Quote
Anthony blinken Went in china told to china you need to stop supporting russia.
LOL and he wasn't even received by the Chinese authorities. They even sent him back like a normal visitor not a diplomat Cheesy

Quote
USA don't talk twice you don't listen you get instant punishment.
It is 1945 anymore that after a world war only US is intact and won.
Today things are actually different. Others don't talk twice to US, if the US regime doesn't listen it will be punished severely.
52  Bitcoin / Bitcoin Discussion / Re: What is going to happen Biden orders remove of Chinese-owned crypto Miner? on: May 15, 2024, 04:58:57 AM
Over the past decades whenever the US regime wants to crack down on something in the name of "democracy" (read disguised dictatorship) they first tie it with National Security. Like they invade your privacy and NSA mines your data every second of every day and call it "National Security".

99% of the times it has nothing to do with National Security either Cheesy
If they were worried about the missile base they should have been worried about it when the Chinese balloon flew all over United States and accumulated all the classified information it needed and they didn't even realize it half way through the operation and couldn't shoot it down until its operation was done and was exiting US air space Grin

The real question is whether the crack down on Bitcoin related stuff is going to continue?...
53  Other / Archival / Re: Is there any way getting Bitcoin loan without collateral on: May 15, 2024, 04:51:31 AM
Nobody (including banks) gives anybody money without knowing they have a way of getting it back.
For example when the bank gives you a loan, they know that if you don't pay it back they will come and seize your assets one way or another.

It's the same with a bitcoin loan. The person who gives you the loan needs to know they can get their money back. As an anonymous account on the internet whom nobody knows or trusts, you can not receive a loan without a collateral.
So your only option for a no collateral loan is to find someone in real life who knows you, trusts you and is willing to give you that much money.
54  Alternate cryptocurrencies / Altcoin Discussion / Re: Token - How do I go about it on: May 15, 2024, 04:36:45 AM
Your idea has a lot of flaws.
You can't create a public token and only force it to be used on your website.
You also can't control its price. Tokens are generally useless (considering they are not medium of exchange, they are for trading only) so they always get dumped. When you limit its use case to your own website only, you are guaranteeing its dump.
If you want to control its price and control its use case to your own website only then why create a token in first place? What you are describing here is just "credit", something a lot of websites do. Like Steam (the gaming platform). You send real money to your account and they give you "credit" so that you can buy stuff on their platform.
55  Bitcoin / Bitcoin Technical Support / Re: Run a Bitcoin Testnet 4 node on: May 15, 2024, 03:56:38 AM
some of them are mining already have millions of Tbtc4
Testnet4 is at block #25039 and even if one person had mined all the blocks they would have 1.2 million coins not "millions of tbtc4"! It doesn't matter though, testnet coins have no value and also most probably it will reset when things are decided.
https://mempool.space/testnet4

Quote
Tbtc3 will be online always, there is no possible way to shut down a blockchain with POW, many people will use Tbtc3 due huge distribution for more than a decade.
Maybe. But don't forget that we aren't talking about any blockchain. We are talking about a TEST network. When the test environment becomes useless, it will be abandoned sooner or later.

Also have you noticed it is the version 3 already? That means we've already shut down 2 of them successfully...
56  Economy / Economics / Re: Economic conflicts because nobody don't want to live with less USA vs brics on: May 14, 2024, 04:50:05 AM
Look i don't take sides i just want my life good and relaxed and having my nice holdays drinks and fun but i know If world regime and power start to change from usa it will be not nice process and it will affect all of us the thing is my life is allready good I don't need to change anything.
And i don't know and i don't care really whos corrupted and who's not all i want is that no changes Because changes Will make things grazy i have allready resources and good life Im not interested about changes.
So Im sure that many people here doing good and not interested changes this way everybody want to live relaxed look at europe also Im sure they want to be in between china USA when things not well.
Easy way will be for china just forget about brics.
May I ask which country you live in?
57  Other / Beginners & Help / Re: Bitcoin protocol violation on: May 14, 2024, 04:30:13 AM
It is said that the entire network much reach a consensus before a transaction can take place.
You probably misunderstood what that says.
The entire network doesn't have to reach a consensus on individual transactions. The entire network reaches a consensus on the rules that are used to verify each transaction then each individual node validates the transactions/blocks they receive using those rules.

Quote
Must a full network consensus be required to verify a proof of work result?
Similar to above, any rules in the Bitcoin protocol is first decided by the entire network then individual nodes verify blocks based on those rules. So for example if the rules say current difficulty in PoW has to be X then all nodes are computing the same X value locally and verify the received block based on that.
58  Bitcoin / Bitcoin Discussion / Re: Tesla may once again accept bitcoin payments whether this is capital snobbery or on: May 14, 2024, 04:23:18 AM
Whatever Elon does relate to Bitcoin or other cryptos will always bring a big FOMO wave and also a terrible FUD wave.
Not really though.
If you review the chain of events of those days, you can clearly see that there already were trends that Elon just jumped on. For example bitcoin was already rising and gaining a momentum before Elon jumped on board and started "advertising" it. Then again that momentum had already died and the correction/crash had already begun for multiple different reasons, then Elon jumped on board of that and started spreading his FUD.

In other words, the only thing you can say with certainty is that Musk contributed to ongoing trends but didn't cause them.
59  Bitcoin / Bitcoin Discussion / Re: IS THERE SOMETHING WRONG WITH THE BITCOIN BLOCKCHAIN NETWORK? on: May 14, 2024, 04:10:13 AM
I am concerned because $50 worth of BTC and the transaction fee is $126.00.
If you want to know more about fees look at the sites that report the fees and the mempool state like https://jochen-hoenicke.de/queue/#BTC,24h,weight

Now if you are paying 202000 satoshi as fee, and with the fact that the current fee rate sits below 20 sat/vbyte that means your transaction size is massive and around 10000 bytes. That is not a normal bitcoin transaction.

* You are either participating in the ongoing spam attack by exploiting the protocol trying to inject arbitrary data into the chain. In which case you are part of the problem for the currently high fees and you have to pay the price!
* Otherwise this means your transaction had a large number of inputs in which case you have to rethink what you have been doing. Stop receiving dust payments so that when you want to spend those coins you don't end up with such a huge tx.
60  Bitcoin / Development & Technical Discussion / Re: Future of testnet3 network. on: May 14, 2024, 03:36:51 AM
What would happen in altquick when the V4 comes? will it be a side market or you will drop V3 and only use V4?
The same thing that happened to the market that existed on the second version of testnet where people traded those coins that led to the need for version 3. It dies.
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