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4281  Other / Politics & Society / Re: US Gas sales to China dries up as Ukraine war halts Energy trade on: July 13, 2022, 10:07:22 AM
They are notoriously hating Iran as we know it, and that nation is a hardcore islamic nation, maybe they will say they are bringing "democracy" or "freedom" or whatever BS they keep telling people, and get their oil? I do not know, but that seems like a danger to all of the world.
Luckily US is so much weaker than Iran to attack it. As CENTCOM commander said to The Newyorker, "Iran has already reached overmatch". Besides the plan to invade Iran has been on US regime's desk for 43 years, the 20% US casualties in operation Eagle Claw is still a nightmare for POTUSes ever since Jimmy Carter, and that's without Iranians even lifting a finger. The memories are also renewed every now and then like the biggest ballistic missile attack against United States in history on January 2020 that wiped out 2 US bases. Wink
4282  Other / Beginners & Help / Re: You have not lost a dime if your Bitcoin is in your wallet on: July 13, 2022, 09:40:15 AM
The problem is when people buy bitcoin to make profit and want to make it quickly! Bitcoin was never meant to be used that way, it is a currency that could appreciate over time but you should focus on it being a currency. For example if you can you should try to earn money in bitcoin, get your salary or part of it in bitcoin, sell stuff for bitcoin, etc. For example ever since price dropped a lot I've been going through my stuff selling anything that I don't need (like old stuff in the attic you never use) and use the money to buy bitcoin. That way I'm both taking advantage of this big discount and am converting useless things to valuable bitcoin.
4283  Bitcoin / Bitcoin Discussion / Re: Bitcoin in 10 years, 9 years ago - from Theymos reddit AMA on: July 13, 2022, 05:49:52 AM
"I'm sure that in 20 years there will either be very large transaction volume or no volume." — Billions of daily volume
That's what Satoshi said by the way.

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Bitcoin may be replaced by something better in 10 years, though I think that it's more likely that Bitcoin will survive and be very popular. — BTC-ETH flippening?
It is a reasonable assumption to say after many years a new and better innovation comes along that could become bigger than bitcoin but not necessarily replace it.
However, I don't see how a centralized shitcoin with mutable blockchain and numerous protocol flaws such as ethereum even came to your mind when you read this comment!

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The protocol and network will look a lot different. There will have been at least one major hardfork that changes quite a bit of the protocol. — Have you got something on this one (not counting separate chains — BCH, BSV, etc)?
We had significant changes through soft-forks like Taproot that even changed the signature algorithm we use from ECDSA TO ECSDSA.

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A lot of transactions will probably occur through a payment system on top of Bitcoin because Bitcoin transactions will be somewhat more expensive than they are today.  — Lightning network?
Yes, except that transactions on main-net are not expensive and they should not be expensive otherwise the second layer would face difficulties.

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Maybe Bitcoin transactions will work more like email and you'll send transactions to an address like theymos@fast-bitcoin.com — Not on bitcoin but it's available on ethereum and some other chains.
There is no bitcoin available on any chain least of which centralized shitcoins like ethereum. What you see there are fake tokens that have no connection to bitcoin despite their fake claims.
Also I don't think the quote means what you think it means. It is predicting that you could send bitcoin to emails (or something similar like IP address that existed in early days) instead of sending to an address.
4284  Bitcoin / Bitcoin Discussion / Re: Everyone believes in BTC because of scarcity, how hard is it to increase.. on: July 13, 2022, 05:05:50 AM
That's a very naive interpretation. It's like saying people use cars because they have a window!

People don't believe in bitcoin only because it has a capped supply, they believe it in for a lot of reasons including but not limited to:
- decentralization
- censorship resistance
- cheap transactions compared to other payment systems
- having fastest transactions among payment systems considering both propagation and confirmation (aka being irreversible)
- highest security
- and of course because its price keeps rising!

to increase Supply if validators consent?
Bitcoin is not a centralized shitcoin to have a centralized authority to give consent on changes. It also has no "validators".
To be honest I'm a little surprised to see this question from someone account that is 5 years old!
4285  Bitcoin / Bitcoin Discussion / Re: In a world of financial oppression Bitcoin is the the only escape route on: July 13, 2022, 05:00:15 AM
Are you sure that they are deducting that amount from the receiver because 0.5% commission which is a normal moderate one and they take it from the sender not the other way around. In any case, bitcoin only solves this problem to some extent but not entirely because if your government is trying to increase its income through taxes they will find a way to tax you even if you are receiving bitcoin payments. All they have to do is to threaten legal action against those who don't pay their taxes when they are paid in bitcoin!
4286  Bitcoin / Bitcoin Discussion / Re: What update bitcoin needs to be the global stable coin? on: July 13, 2022, 04:54:56 AM
thoughts? any way to improve this mechanism to turn bitcoin in an stable coin forever?
Name a single currency in the world that is like this where you "win" money by "investing" in that currency (like US dollar) and then we can talk about whether your idea here would make bitcoin a stable currency!
4287  Economy / Economics / Re: American Factories Are Making Stuff Again as CEOs Take Production Out of China on: July 12, 2022, 07:56:22 AM
It's not only the US companies that's moving out. It was also reported that companies from Japan and South Korea transferred their production facilities to Vietnam.
Considering the fact that those two countries don't do anything without US permission and are practically US colonies, it is not surprising.

Economically America would benefit from this move because employment opportunities would be created. ~ since most of these industries would be located in Mexico.
Don't you think that is contradictory? If they are moving to Mexico, they will create employment opportunities for Mexicans not Americans.
4288  Economy / Economics / Re: Russia's economy is 'imploding' on export decline, economists claim on: July 12, 2022, 07:39:25 AM
I mean could EU and USA go into Ukraine and beat Russia out of there if we are talking about just the regular soldiers and tanks type of war? Of course they can, it would be simple like taking candy out of a child. Hell USA alone could, the USA airforce has the biggest air power in all of the world, you know who has the second highest? USA navy.
Nobody is the winner of a nuclear war and as long as two conventional militaries face each other the result would be impossible to predict. But the thing is, if US got directly involved they won't be fighting Russia alone. Let's just say the same unconventional warfare Ukraine uses to slow down Russian forces will be used against US but by the real inventors of those strategies so it won't be to "slow down" US Wink

They are that huge, and they have bigger military spending then like 20+ next biggest combined.
It doesn't matter how much money you spend, what matters is what you spend it on. For example if you spend $220 million to build what is supposed to be the most advanced stealth aircraft but it is easily shot down with a single missile that is not worth more than a $1000 that means you have thrown away your money.
Or if you have spent $100 billion building a massive nuclear submarine that can't detect a swarm of dirt cheap stealth UUV (Unmanned Underwater Vehicles) that are going to sink it easily... then you should have spent that money on the millions of homeless in your country instead of that submarine. Wink
4289  Economy / Economics / Re: American Factories Are Making Stuff Again as CEOs Take Production Out of China on: July 12, 2022, 06:54:39 AM
It would be good for US economy if they were reshoring but it seems like many of them are actually nearshoring instead. Basically this means that instead of factories moving back to US they are moving back to somewhere closer to US but not US itself, like moving to Mexico. That solves the problem of shipping costs and intellectual property risks and possible future conflict risks but only solves the high production cost problem if they move to somewhere like Mexico.
4290  Bitcoin / Bitcoin Discussion / Re: Bitcoin gets more attention on: July 12, 2022, 04:13:13 AM
Bitcoin has passed the skeptical period. Nobody is afraid that bitcoin will vanish except the newbies. No one is saying that bitcoin is a bubble anymore, except the enemies of bitcoin.
People were skeptical about bitcoin for probably a year or two, that's till 2010 tops. After that bitcoin has been a solid currency that everyone who understands it trusts it also. The FUD and the propaganda on the other hand never stopped and will never stop. The bigger bitcoin gets the more intense the FUD will become.

If you compare things they do these days against bitcoin (eg. campaigns against bitcoin that sometimes reaches parliaments too) is more intensified compared to early years because of the growth bitcoin had and that scares the most corrupt centralized systems.
4291  Bitcoin / Bitcoin Discussion / Re: The number of hodlers on: July 12, 2022, 03:53:19 AM
I don't doubt that this is the case, what I doubt is that it is a bullish indicator, which is what the news sells us when they say that Bitcoins are leaving the exchanges.
I didn't say this is a bullish indicator either, just that a lot of people are buying bitcoin. The reason why price dropped is because the dumps are sudden and big where whales and panic sellers sell a large amount of bitcoin in a very short time but the buys are slow and spread over time.

Besides if as you said bitcoin is leaving exchanges then it is supporting exactly what I said that people are buying bitcoin and moving it to their cold storages. Keep in mind that this has been happening for some time now, not just one small case. See this topic from last month: https://bitcointalk.org/index.php?topic=5402690.0
4292  Bitcoin / Bitcoin Discussion / Re: The number of hodlers on: July 12, 2022, 03:36:49 AM
Actually the "on-chain indicators" have already shown that people are increasingly purchasing bitcoin and moving it to their cold storages. For example if you have checked the number of bitcoin addresses with a balance you could have seen that their number is increasing specifically those addresses with more than a whole bitcoin which shows that people are taking advantage of the current discount.
4293  Economy / Economics / Re: Wheat War I is going to be World War III on: July 12, 2022, 03:14:41 AM
Protests are going on in the Netherlands right now, after the government introduced some similar step. Farmers are out of the roads protesting. And there is a good chance that the regime will be overthrown.
I saw something on twitter yesterday about Dutch farmers bringing a tank to their protest! Granted some said it was fake news but it got my attention to the protests in Netherlands and police shooting them which was very real!

In any case there are dominoes that are falling one after the other, Sri Lanka, Netherlands, Germany, France, ... and how the British government just fell apart over night! They thought they could exit European Union before the Russians attacked so that they could save themselves from the effects of that conflict on their own economy while other EU nations burnt. Then after EU got weak enough, come back as the "Savior". They never expected addition of 1.5 million homeless in only 3 months this year according to the Guardian!
Little did they know, it all affected England too, specially due to all the Pounds they'd printed. They also didn't expect their ally, US, would stab them in the back which is surprising considering how many times they've been stabbed. I still laugh when I think about how the British Royal Navy warship was begging the US Aircraft Carrier group a few miles away for help to stop us from seizing their ship and the US marines shitting their pants said their whole navy would sink if they got involved Cheesy

P.S. Apparently Scotland is now talking about independence too! Considering most of England's energy comes from there, that makes it very interesting.
4294  Economy / Economics / Re: Euro currency going down on: July 11, 2022, 03:05:26 PM
This sounds far-fetched. Germany alone exports goods for about 1.37 trillion euro annually. The European Union exports a lot of goods and services, but it imports a lot of goods and services as well.
It is not far-fetched, OP is just wording it badly.

EU depends a lot on energy, specifically countries like Germany that heavily rely energy imports. These are industrial countries that would seize all productions if their energy like gas was cut off or was disrupted in any way.

Another big problem is that even if their energy is not cut off, EU still heavily relies on cheapness of it to be able to compete in international markets. (This is what Russia capitalized on over the past decades.) When energy prices shoot up (like gas and oil prices these days) those industries would end up with high production costs so they have to increase the price of their products.
Now we have inflation in most countries in the world, people in those countries that for example used to import goods from EU can not afford to buy goods anymore, they definitely can't afford to buy them if the price of them is also higher. So their markets are slowly taken over by competitors like China that have access to cheaper energy compared to EU and much cheaper production costs.

It's the same with services.
And that's the main reason why euro is dumping and Europe is facing a lot more inflation to come in the coming years.
4295  Economy / Economics / Re: Russia's economy is 'imploding' on export decline, economists claim on: July 11, 2022, 02:51:43 PM
I am not really against it; yeah, if we do absolutely nothing about Russia attacking Ukraine, then we should not do anything about it if they decide to invade Finland, how about Estonia after that? How about if they decide to invade Latvia, Lithuania, after that? I mean where does it end? When do you say "that's enough Russia"?
Well nobody did anything when US and its allies that included Ukraine attacked Iraq and killed innocent people there. It didn't stop there either, they invaded Afghanistan and it didn't stop there either....
Where does it end? It will never end but it can end for weaker countries when they learn the importance of independence and then learn the meaning of resistance. How do you think the cavemen in Afghanistan won the war against the most expensive military in the world? Other countries are also being liberated as we speak.
4296  Bitcoin / Bitcoin Discussion / Re: How Bitcoin manage to grow over time? on: July 11, 2022, 01:49:08 PM
It's pretty simple in my opinion, bitcoin is filling a gap in our lives. That gap is the need for a decentralized money specially when the centralized money with the corrupt banking system is failing us. Logically anything that is useful or in other words is solving a problem, becomes useful and keeps growing.

This is the same with any other technology and innovation.
4297  Bitcoin / Bitcoin Discussion / Re: POS VS POW effect on valuation of bitcoin on: July 11, 2022, 06:35:31 AM
Unlike Ethereum, Bitcoin lacks a central party or leadership structure. It is highly unlikely for Bitcoin to follow Proof-of-Stake because of its very structure, and I don’t think it will ever happen in the future.
You are slightly twisting the truth here and your conclusion is wrong too. Bitcoin is never going to move to an inferior algorithm that everyone knew to have fundamental flaws a decade ago.

Ethereum is centralize while bitcoin is decentralized. Ethereum has a 72 million premine while bitcoin has no premine. The combinations of these two reasons means the centralized authority that has full control over ethereum and its future will benefit a lot by moving to PoS which is why they are forcing this move on everyone. You can't do that in bitcoin that is decentralized. Not to mention that due to lack of premine in bitcoin nobody benefits from moving to PoS like ethereum scammers do.
4298  Economy / Speculation / Re: Do you regret buying before the dip on: July 11, 2022, 06:16:30 AM
You are right I regret it a lot when I bought bitcoin at $420 and it dropped down after I bought back in 2015. I lost a lot of money when my $420 worth bitcoins went updown to $21000 per coin in 2022. My huge loss was +4900%. I cry every night for losing so much money LOL.

In a couple of years from now when price is $400,000 I will regret again for buying bitcoin at $30,000+ and cry again for "losing" +1200% Cheesy
4299  Bitcoin / Bitcoin Discussion / Re: My observations about Ethereum, exchanges, DEFI, DEX and Bitcoin on: July 11, 2022, 04:51:09 AM
i was wondering if someone can tell me in which exchange my method is used

1. registration not with an email, but with a private key
2. low fees, i guess, this exchange should be a blockchain exchange based on stable coin dollar, then they will do the conversion against the stable coin, decreasing fees to the max and giving an small benefit to the exchange, i dont know
Private key is private and should remain that way. If you are giving up control over your keys that makes it a centralized (custodial) exchange where YOU have no control over your funds and the exchange has full control. They also charge whatever fee they like on each of your trades.

In true decentralized exchanges you don't "sign up" anywhere, you keep full control of your keys and find other peers to trade with and only pay the on-chain fees. If you use bitcoin you will pay low transaction fees 99% of the times and if you use shitcoins like ethereum you will have to pay very high fees 99% of the times.
4300  Bitcoin / Bitcoin Discussion / Re: Whole coiner status in 10+ years on: July 11, 2022, 04:46:34 AM
I'd like to point out that bitcoin's purpose was never for you to have a target amount to own. Instead it's purpose is to introduce a payment system that you can use. So in 10+ years when we reach mass adoption you should be thinking about how you would be earning money in bitcoin like getting your paycheck in bitcoin instead of fiat.
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