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4081  Other / Politics & Society / Re: Will Russia Emerge As The Next Dominant Superpower on: August 21, 2022, 08:21:01 AM
I have no idea why anyone in their right mind would underestimate USA even after they have proved again and again why they are the most dominant superpower in the world in the long-term.
Could you show us some of those "proofs" too maybe we can also believe it. Over the past couple of decades the only thing US has been experiencing was a downtrend of their economy, society and military strength. US hasn't had any military victory ever since WWII. They have attacked a lot of defenseless countries though.

For example they sanctioned and disarmed Iraq for 10 years while bombing their defenses and airfields. Then after a decade they invaded the defenseless country and lost the final war.
They also invaded the defenseless country called Afghanistan that was controlled by cavemen (and I'm being literal) spent trillions of dollars and were defeated and had to donate $100 billion to the same cavemen to buy their safe passage while they escaped Afghanistan in the worse way possible.
Every day their bases in Middle East are being attacked and they can't do anything about it. 3 days ago for example one of the biggest bases in occupied Syria was bombed hard, all they did was to send back more body bags.
$7 trillion dollar and tens of thousands of dead US troops later they are fleeing the conflict they started.

I don't know who in their right minds considers this a super power.
4082  Economy / Speculation / Re: Bitcoin Price Can Fail and Will Touch Be US $ 13k Dollar? on: August 21, 2022, 08:10:48 AM
It is interesting that people are forgetting that US dollar has been dumping over the past 6 months and due to the inflation everything including bitcoin should go up against dollar. The only reason why it is still struggling to break $25k is simply due to 2 reasons: weak hand's uncertainty and market manipulation.

For price go lower against dollar, either US economy has to fall apart or dollar has to strengthen (deflation) which is not going to happen considering how much of it they've been printing nonstop.
4083  Bitcoin / Bitcoin Discussion / Re: SBI decides to withdraw crypto mining completely from Russia on: August 21, 2022, 08:04:40 AM
But is Russia still in sanction? And exporting items from their country could still be prohibited but maybe it's possible to do on their allied countries like on china but the problem is that china have banned bitcoin mining before so even if they are friends with Russia, they may think twice of doing this. They will incur a loss when they are about to deliver these miners from a different country and they will also pay for the people that will do a maintenance for the hardware.

There's also fees for the space that they will be using and others but if their mining business runs well and became a hit, then it's possible for them to recover what they have spent and earn more than that.
The problem is existing capacity, otherwise there are a lot of countries that they can go to like Kazakhstan or Georgia. But if they don't have any excess electricity or the infrastructure to accept the new hashrate all at once, there won't be any place for them to go to.
The best option in my opinion is someone inside Russia to buy their ASICs and continue mining on the existing excess electricity and keep the profit inside the country.
4084  Bitcoin / Bitcoin Discussion / Re: Bitcoins are Not Real — Or how People Blindly Accepted Nakamoto's Nonsense on: August 21, 2022, 06:40:06 AM
Your confusion is very understandable, different people have different brain capacity and sometimes they can't fathom new technologies that revolutionize the world unless they are dictated about their usage by some centralized authority. Since bitcoin doesn't have that, nobody told you anything and you are not equipped to understand it on your own either.

What's interesting is your persistence in convincing others with your 368 witless remarks for the past 5 months.
4085  Bitcoin / Bitcoin Discussion / Re: Bitcoin ban in China and some noble countries. on: August 21, 2022, 06:34:19 AM
Chinese people are already living in isolation since a long time.
You may be confusing North Korea with China.

Banned all business related to Bitcoin while they are leaning towards NFT.
To be fair the businesses they banned were laundering money. If you search bitcointalk everyone was suspicious of Chinese exchanges with 0 fee and a ridiculously high volumes.
As for NFTs, OP just made a fake claim without proof. They banned NFTs with ICOs.
4086  Bitcoin / Bitcoin Technical Support / Re: Bitcoin Core upgrade on: August 21, 2022, 03:06:41 AM
Ever since version {0.}22.0 the developers changed their version convention to no longer include the starting zero and the minor version becomes major, so 0.22.0 becomes 22.0 which is just the convention changing.

Also like other wallets on bitcoin.org, it was decided  bitcoin core to also be released on its own website. For example Electrum is released on electrum.org and bitcoin core is released on bitcoincore.org.

Everything else is the same, you can upgrade like previous versions.
4087  Bitcoin / Bitcoin Discussion / Re: SBI decides to withdraw crypto mining completely from Russia on: August 20, 2022, 06:49:33 AM
What I'm more curious about is whether this gap that was created in Russia is going to be filled in another way like other "gaps". After all there was an extra electricity capacity that was being converted to money and is not anymore. So they can either attract another mining farm with cheap electricity or start buying ASICs slowly and fill that gap themselves.
4088  Economy / Economics / Re: China's debt bomb looks ready to explode on: August 20, 2022, 05:13:00 AM
It's a hole they dug for themselves many years ago, I believe started with Reagan, and they are not going to be able to get out of it now. It is not just the infrastructure and engineers. It is all the laws and regulations that prevent production from being profitable like high taxes and high salaries. On top of that their products have to be able to be able to compete with other products.
For example can majority in US afford to pay 10 grand for a shitty iPhone? lol This is why they never leave China, Taiwan, etc.
4089  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: August 20, 2022, 05:00:10 AM
There is scarcity in supplying of wheat and the products coming out from wheat becoming expensive because it difficult to take it out of the border to other countries and the cost of that rising up to 45% high.
The food related problems have been getting worse for some time now, this conflict only highlighted it. It's been a couple of years that a global drought has been in effect, a lot of countries like Australia and US experienced a lot of fires. Many countries have been producing less food in the past couple of years. On top of that, for the past 2 years some countries like China have been buying all the food in the world (currently China stores 60% of all the wheat, rise, grains, etc. in the world!).

After all these problems, a conflict between two big wheat producers broke and the media started covering it. In other words even if it stopped today, the food problems will continue for a couple of more years at least.
4090  Bitcoin / Bitcoin Discussion / Re: Poll: In your opinion is this the end for Bitcoin/Cryptocurrency? on: August 20, 2022, 04:36:48 AM
Just because you lost some money bag holding a useless altcoin that doesn't mean it is the end for bitcoin. These things are not even related. You should have paid attention to the warnings telling you not to buy those shitcoins in first place.
4091  Bitcoin / Development & Technical Discussion / Re: non-mandatory-script-verify-flag Error for P2WPKH Input (Rust) on: August 19, 2022, 03:31:00 PM
I read BIP-143 and concluded that only the transaction digestion algorithm changed but not the signing algorithm itself. Did I misunderstand this part?
The signing algorithm (ECDSA) is the same for both legacy and SegWit version 0 transactions. But the sighash algorithm (to compute the hash to be signed) is different. If your input amount is 2500000000 (25BTC) then your digest should be c7b46808353916389c2aedd3f59a54fca60c439e4ae03dc93d2ec4758eefe0c6 for this transaction.
4092  Bitcoin / Development & Technical Discussion / Re: non-mandatory-script-verify-flag Error for P2WPKH Input (Rust) on: August 19, 2022, 01:07:02 PM
The input you used (fae5b0ee78539091405d9d1de71cd42ec72276bf94399263664b2778e8ea976e) can not be found on the blockchain.
Assuming it exists (RegTest maybe) and it using the key in this transaction (03366e75877b80252ff39e76229fe6d88d14e1150256bfdd27e7726b6b2cb23c02) and is actually P2WPKH, your signature is invalid.
If I had to guess, the problem is that you converted the code that is designed to sign P2PKH transactions (method called signer) to sign P2WPKH transaction which won't work since the algorithm is different. Read BIP-143 for more information
4093  Economy / Economics / Re: China's debt bomb looks ready to explode on: August 19, 2022, 07:07:11 AM
The situation with Taiwan is even more ridiculous for the US. Chips are made in Taiwan for the US military industry, and they are located near China and Russia.
US has been trying to decrease that dependence though. I forgot the details but it was something like a trillion dollar plan to eliminate the dependence entirely in 3 years. 2 years already passed. I suppose at this point US is not so worried about Chips in Taiwan.

As for production, google "Reshoring". They are advertising the hell out of it these days in US. I can't comment on how successful it is since it mostly means coming from China to Mexico (instead of back to US) and there isn't enough cases to make a difference.

I'm critical of the U.S. debt, only for the reason that USD acts as the current currency reserve at the moment -- but the debt is sustainable if the U.S. economy grows. It's a dangerous game to play, but I'd be more concerned about the fact the U.S. is in a recession and birth rates seem to be declining which means there isn't enough economic output to support the debt. Inflation compounds the issue to the extent that it accelerates other countries dumping USD from their currency reserves as its purchasing power decreases too quickly over time.
The problem is that this type of economy is like cancer, it doesn't kill you right away but makes you suffer over time until it does after many years. US economy is built on debt and depends on debt and falls apart because of debt. It doesn't matter how much the economy grows, the debt will never be covered since it grows faster.
I suggest watching The Biggest Scam In The History Of Mankind: https://www.youtube.com/watch?v=iFDe5kUUyT0
4094  Economy / Economics / Re: Who will Replace Russian Gas Supplies to Europe? on: August 19, 2022, 06:46:49 AM
In a couple of days a lot of things could be clarified. The fate of US and EU economy depends on Iran's decision whether to remove the sanctions on the West or keep them there to increase the pressure. Removal could mean oil below $50 otherwise the $100+ is the price that the Western world has to get used to.

After 3 years the Chinese president Xi Jinping is traveling to West Asia and the results of the visit would determine a lot of things.
It's hard to predict the results too. What we know so far:
- Al-Saud is going to be given incentives to shift their sales to China and use CNY instead of USD which means US dollar is going to continue to dump more which means more inflation which means more inflation exports to Europe which means more inflation in EU.
- Some Russian sanctions were eased by Europe in a total media silence (exactly why I call the Western media a heavily censored one) which may be because they already predict the previous point and want to be able to replace the Saudi oil with Russian again
- China has been pulling out of US economy. At least $500 billion was pulled out of US stock market in the past couple of days alone. Both the Chinese government and the private sector are slowly pulling out.
- Finally we have Iran that would make the big difference. If JCPOA is signed and then Iran agrees to increase imports to the West the price would fall and all China did would be undone and their plans to invade Taiwan with decreased consequences would fall apart. But this is unlikely and the pressure on EU and US would most probably remain high. Meaning Iran would increase exports to China while not allowing Al-Saud to increase exports to EU either. The result of all the above means invasion of Taiwan in a couple of months and EU+US economy falling apart faster (US is already in a recession) then both Iran and Saudis would have the upper hand not to mention that higher energy prices that means a much bigger profit for all energy exporters.

So I'll wait to see what the result of this visit is going to be. It turns out sending Pelosi to Taiwan only ensured China that they can't take back Taiwan peacefully like they did Hong Kong.
4095  Economy / Economics / Re: Economic Politics: Rent a House for Free and Earn on: August 19, 2022, 06:22:50 AM
even I get 100USD profit per month.
I'm sorry but am I the only one who considers such things to be a scam?
It may not even be legal. I am certain that the law here doesn't allow you to rent a rented house. You can rent it together and share the cost but not rent what you've rented to others. In fact there is a clause in the contract that includes how many people are renting the house.
4096  Bitcoin / Bitcoin Discussion / Re: Why I have bought Bitcoin ? on: August 19, 2022, 06:09:40 AM
I want to know how to import my "Bitcoin Charity Address" in Electrum or in Bitcoin Core. I have downloaded Bitcoin Core and Electrum but I cannot run a full Node as I have no funds to down load the whole 500 GB data for lack of funds. I am stacked downloading upto 2018. So I have turned off my PC.
Use Electrum then, it is "light" so you don't need to download the whole blockchain, just the block headers which is about 56 MB and syncs fast. All you have to do is to create a new wallet and in the wizard window select "Import bitcoin address or private keys" option and in the next window enter your private key to import it in your Electrum wallet.

As a prerquirement you must educate yourself about security, even cold storage and if you can you should buy a hardware wallet to make things easier and safer with little effort.
4097  Bitcoin / Bitcoin Discussion / Re: Bitcoin ban in China and some noble countries. on: August 19, 2022, 05:59:59 AM
Now they tend to adopt and make use of NFTs, says it's under control.
Can you provide a proof for this because as far as I can remember China was one of the first countries that banned all forms of tokens (ICOs and the alternatives that includes NFTs) entirely. That was a couple of years ago!
4098  Economy / Speculation / Re: Simple information in Bitcoin on: August 19, 2022, 05:45:09 AM
The bitcoin market has always been hard to predict, these days we have the economy of most countries with big GDP being very unpredictable too which affects the global economy and bitcoin price indirectly. In a couple of days there are certain things that could make the world could go in two different directions: oil price starting to come down to below $50 or shooting up above $120 and continuing to go higher. Each direction has a significant effect on US+EU economy which in turn could cause panic selling/buying in bitcoin.

I'll wait a little before making predictions though.
4099  Other / Beginners & Help / Re: Is it true that Satoshi Nakamoto has 1.1 million bitcoins ? on: August 19, 2022, 05:35:16 AM
Did Satoshi set a mining standard based on math ?
Not exactly, the math is involved in it. Basically the mining is based on probability. We have a number called target that is the highest value a block header hash can have. The miners construct the header and compute its hash. Then they continue making small changes in that block to compute the hash again and again until the result is smaller than or equal to that target.
This target is adjusted every 2016 blocks in a way that the time it takes to mine the next 2016 blocks be 2 weeks.
4100  Bitcoin / Development & Technical Discussion / Re: Quick theft on: August 19, 2022, 02:48:51 AM
Valid WIF does not need to come from hex number in a specific range.
WIF is just the string encoding and it doesn't matter at all. The numerical value  that the WIF represents is the important part. If it is not in range then the key is invalid so you either have to reject it as invalid or "change" it to become valid, one way is to reduce it modulo curve order to make it valid. But the original value was still invalid...
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