My country has the same thing with phones and is of course useless outside the country and you need a bank account and a phone to begin with... So yeah, no thanks. Americans have something called Zelle which is similar. And many countries and regions have their own cashless payment system. It is a digitalization of all the inconveniences of fiat, and many rightly consider it worse than fiat.

So yeah your UPI is worthless outside of India, and within India it still needs to meet conditions to use it, while with Bitcoin, you download a wallet and you already can use it; no banks no phone and no ID and works in all the world, no exchanges.

To give you an example Gpay is disabled for my country. The Chinese have theirs too even before their CBDC wechat i think had one. This is not a solution, it is more trouble. It is still a country limited payment method. Bitcoin works everywhere with or without permission of the gov...

When you are ready, you will not exchange anymore. You will discover how much valuable keeping those coins is, and pay others with it. And you will save from exchange or payment processor fees. This is what some communities are discovering worldwide, especially those who have been traditionally away from "the system" of banks etc.

The transition to this is tricky, and can lead to an unfair dependency path. There may be a solution that works today that fails tomorrow, and that's not Bitcoin's fault. It is incorrect to think of Bitcoin as some fancy alternative payment method, its true value lies within itself. Think of offering to pay wages with it, for example... Then you'll exchange less and less of it until you break chains and become free.

Do not trust "stable" coins, they are as worth as the gov fiat they claim to be pegged to, actually even worse than that. They are pegged with fractional reserve (ie: 30%), time bombs. The bolivar (VEB) was pegged by decree in 2003 to the USD for 1 600, today you would need 2 400 000 000 000 000 of those for 1 USD. A peg is but an empty promise that can be broken at anytime. The market price of bitcoin is honest, just look at it in the long term its still worth more than 2 years ago... USDT has been caught more than once failing to fulfill their own promises, and its not the only one...

So you don't want to convert it, you want to keep it as it is. And for that, many true Bitcoin wallets exist. Only exchange what you must and hold the rest in your own wallet. Do you think it may value twice in the next two years? Its quite possible you know, and more importantly you will get ahead than the rest of the people failing to realize this yet.

Repeat after me: Fiat is trash and "stable" is worse. You want fluctuation, fluctuation means freedom; market price is honest, a fictional "stable" price is a lie that will burst sooner or later, exactly like the distortion created by the State meddling with the economy. The more they intervene, the worst it will be later... Keep as many bitcoins as you can and only spend whats absolutely necessary, and the less exchanging, the better.

Yes i agree that there are flaws (or were introduced) in the system. And Ordinals is a clear demonstration of spam attack against Bitcoin that needs to be addressed for any hope of sustainability. It was decent until this happened. Even your idea is with merit, anything to make it more expensive to spammers or deter them in anyway so they naturally go away where its cheaper to do so.

I believe one of the reasons for the existence of PoW was designing a system to address the issue of spam in email. It is ironic that we now need to address the issue of spam in the blockchain, as it has clearly gone out of hands.

So if we go back to the previous pre-ordinals stage, was is sustainable? I think so yes. Even if you didn't have universal instant transactions, it was still good enough for most transactions and the occasional instant transaction, a system which could be improved still sure, lightning has its own de-merits but at least it was optional and you could just ignore it.

I don't feel like running my node if this situation doesn't improve. Using my limited resources to benefit a bunch of spammers? No thanks.

Because the value if things is subjective. Your friend needs to read some Austrian economists. There is no intrinsic or extrinsic value, things are valued because of you, your needs and feelings in your location at your given time, pure and simple. This is reflected in the price market.

Why is still being valued and not suddenly abandoned? Because its useful to them the way it is. Anything backed by a gov or company will last as long as that gov/company, i have seen more of those disappear in my lifetime.

Should you even trust gov / company? All they give you is a promise that can be broken at any time. Bitcoin has established rules executed by computer code. One of them being the 21 million thing, and the other how hard is to change those rules. When people learn more about it they give it more value, it doesn't depend on you or your friend at all. And no, a value given by a collective isn't inferior to a gov decree or company product, quite the opposite in fact. Bitcoin will still work even if India disappears and becomes a colony again. Do you get it? How strong it is? It is BORDERless, BANKless and STATEless... This is the first time in human history that we have a true world coin. Rupees are useless here, let me tell you. It will be VERY hard to find someone to exchange that exotic money and probably at outrageous rates.

Why are there communities across the world accepting bitcoin? For example tourists don't need to deal with exchanging money anymore... Isn't it valuable to them? That is why. Start summing those that consider it valuable for whatever reason and those who don't. You get the market price, but even that is not the complete picture, as many coins are not in the market either, many are simply saving them for the future, because THEY (not your GOV, not a Company) think its worth keeping.

What is even UPI? I don't know and i don't care, if its some altcoin talk about it in the altcoin area. To me altcoins are worthless and you can't change that.

It doesn't matter what the IMF says. El Salvador is financing itself from investors coming for the simple fact that Bitcoin is welcome, furthermore the Bitcoin City project with its VAT only policy is definitely going to attract more than one company as it will become a fiscal haven. If you can't see what this will bring to the country you must be blind.

No, the effects are not immediate, and no, there is still debt to be paid back. BUT, the fact that they are paying beyond what was "expected", while NOT doing whatever the IMF says, is sending the world strong signal that i have seen very few times before from other countries in the region.

Someone said IMF represent capitalism, but that is actually inaccurate. In true capitalism, if a bank loans more than what it really has and people withdraw, it goes bankrupt as it should (the market doing its own "check and balances"). BUT by having the State intervene to aid those banks (instead of the people who deposited their money thinking it would be "safe" there) creates a distortion of false security that should not exist in the first place. You should fear a bank the same way you fear an exchange. If the money is not in your own wallet (not Your keys...). A bank deposit is in reality a loan you give to the bank with the hope it is repaid back. Think of what this means, are you afraid a friend may not pay you what you once lent? Then why would you trust some company?

A "custodial" is the opposite of what they portray, but because its a business its marketed well. You are exchanging verify with trust, custodial means don't verify, trust they will have it "safe" for you, just like a bank...

Bitcoin is the end of banks, you don't need a bank account with bitcoin, you don't need a debit or credit card with bitcoin, and more importantly for El Salvador, you don't need a money transfer company with Bitcoin. The fact that is Bitcoin and not some State CBDC, means you are free to use a wallet you trust, Chivo being good or bad doesn't make or kill adoption of Bitcoin in El Salvador. Its nice, but its optional, you can always use another wallet with Lightning etc. The important thing is, you can pay and be paid in bitcoin there so you can have a circular economy. How much does that release the country from loses in fees given to others? Do you know that moving USD from country a to country b can take from 15 to 30%? And do you know many people are migrants sending money back to their families? This is not unlike The Philippines or many other countries in the same situation.

If you don't live in a poor country, you simply don't get it because you have not experienced what it is to not have access to fiat cash (because hyperinflation destroyed it) and no access to plastic cards (because the rules of your country made illegal to use foreign currencies/and or is sanctioned) and being chained to banks that take days to transfer that trash money that loses value everyday. To you the problem doesn't even exist because your USD and EUR can buy anything and you even have plastic cards that make it possible cashless and you can happily go to a bank and open an account and be given one, its like you'll never experience a problem of not having the means it exchange wealth in your life; something that many people suffer is probably an alien concept when you live in one of the "nice" countries.

And then you will wonder "what Bitcoin can do to a country" and be puzzled while living in a nice place where such issue appears to not exist. Yes it does exist, but its taking longer to be noticed, naturally. The pandemic revealed it a bit, Even Japan had a 50% devaluation after decades of the Yen being "stable", if course USD and EUR got record inflation because, surprise, politicians simply "printed" more because they can...

And there is the people who have not read the Austrian economists and don't understand why the economic cycles of bubble and burst are created cyclically thanks in great part to the trash fiat which is in turn needed by the monetarist school of Chicago that is the current most economists follow...

24 hours later and the transaction remains unconfirmed... Yes i could rise the fee, but this is not urgent and its a clear demonstration of whats going on... Of course everyone can rise the fee and then the spammers will do it too. It would be fine if those were normal transactions but this is pure spam, there is no other way to call non tx content in the blockchain, don't call it NFT or memes, the content itself doesn't matter, they are spammers pure and simple and that's how they should be called.

Una desgracia, al menos eran Finlandeses, ahora toca morir con Chinos monopolistas hasta que quiebren también... Hay que mudarse a donde la economía circular sea una realidad. Los exchange son un problema que retrasa la adopción mundial y cada que cierra o quiebra alguno es todo un drama para quienes dependían de eso tal como los que usan fiat dependen de bancos.

I hope you are aware the Hydros need 3 phase 380V power... Indeed i saw an aftermarket water cooling solution for a single unit half a year ago, Is it worth it? I'm not sure... Of course they want you to buy the container for the miners as well. Getting a single unit is possible in the second hand market, again, i doubt its worth the trouble. Just get two 125T units...

Every month i have been doing small transactions at 1 sat/b to pay for monthly utility bills, food, etc. The usual "waiting line" (memblock size) to wait was usually around 6mb which was like a couple of hours of wait at most. Today I'm trying a transaction, guess what? 61mb waiting line...

Those parasites are earning money selling NFTs or whatever their spam business is, at the expense of everybody else's livelihood. Yes i take it very personal what Ordinals and their accomplices are doing.

Reflect all they want, the world doesn't need IMF, WB, Central Banks. Each bank should stop using fractional reserve by default, and each bank should be accountable on their own and not helped by the State to sustain their legalized Ponzi scheme, speaking of which, should be back to be illegal as it was in the 19th century.

Your deposits in a bank should be backed by 100%, which obviously means paying fees to the bank to keep ALL of it in custody. Now if you want to play games with that then you should transfer to some lending/financing whatever they want to call it account, with all the risks involved. AND, if its lent, you must lose access to it until its paid back. No games of multiplying money.

Of course there is too much money they made by their ponzi scheme and countless generations that grew up thinking that was normal, so easy it won't be (with fiat anyway). With Bitcoin its simple: Not your keys... no fractional reserve.

Banks are NOT a necessity, and should just go. A few will remain, sure, there is always people needing such "services", but let them be a rarity.

Imagine all the resources that would be saved with less banks? And they (Ripple bankers) blame bitcoin of "polluting", when they should see their own face in the mirror...

That's not how it works in LATAM countries, their personal and their party interests are always placed above the country and the people in general. While i don't see strictly required that Bukele remains in the presidency, at least someone from his own party but none of the traditional groups. Otherwise they will dismantle it all out of hate that it was Bukele's idea and not theirs. It is one reason the countries remain impoverished.

Of course IMF and WB are thrash, it is for the central banks which in turn are for banks fractional reserve legalized ponzi scheme. Best way to develop a country is to pay the debts and kick them out to never return. Those debts that came from money that doesn't exist anywhere, mind you...

This should not be about El Chivo, if it sucks don't use it, that's the whole point of adopting Bitcoin and not a CBDC where you will NOT have choice...

Simple: they talk about cryptocurrencies not Bitcoin. Bukele knows better than them...

So this is one week of mempool:



Thanks Ordinals and others from profiting on volunteer run nodes...

I don't think its about censorship, but some of the suggestions made by franky1 make sense, stricter rules to ensure its bitcoin transactions and not bloat. This needs to be done before its too late...

Sure miners might enjoy the high fees, or even those interested in promoting parallel blockchains... Unfortunately this comes to the expense of nodes and actual bitcoin transactions.

Note that already half of the network is being polluted with this bloat. Now its a race of pushing down the transactions not belonging to whales. High priced NFTs are willing to pay the high fees a mundane transaction wouldn't. Who benefits more from this sabotage to Bitcoin?

Its good to see you wanting to return to coding Bitcoin stuff, but make sure this time you don't burn yourself out or let some person comments break you. I don't personally think this is a good idea, because as stated in the shhpool thread, this does in fact subsidizes the block finders (bigger hashrate, aka whales) at the expense of everybody else (plebs) who would learn half or less. Your idea is interesting of letting each user choose the %, but i don't think the main issue goes away.

Now imagine adding V2 and blocktemplate into the mix

Best of luck whatever you choose to do!

Reason is not unknown, chip performance degraded (see log). This is a design feature and is what makes Braiins OS+ so different to others who don't care what happens to the miner afterwards.

If you run it with manual settings, you are on your own. We don't do presets, no shortcuts, and no tune and forget.

If you don't like it, try to investigate the cause. Make sure chip temperature remains constant and your power is stable. If it happened its because its needed, its not done on a whim.

The last thing only made sense for the S9, now the voltage is shared and there is nothing you can do about it.

I don't know if you understand it, but to reach peak efficiency you just can't take shortcuts, its not setting a bunch of speeds and voltage like an old fashioned overclocker. There is a very complicated way to reach that state, which cannot be shortened without losing efficiency. Yet again the reason we can do what others can't.

Sure you can have some sort of preset that is "good enough" for a group of machines, but it will never be the glove fit that is Braiins OS+. And the results are out there...

Of course this is for the future, whats done is done. But action should be taken, even if spamming has been possible in the past, its about time something is done about it. I particularly don't feel like running a node for the benefit of parasites of the blockchain, we do it for Bitcoin transactions not whatever else that are not Bitcoin transactions. Quite simple. Judging the spam itself is not what this is all about, i don't care if it is memes, NFTs, or whatever content the State hates to fuel the FUD against Bitcoin.

This reminds me of Jan 2018, the network was saturated, but improvements were made, and its been quite nice until this happened. And its only beginning, what Ordinals and accomplices did, others will soon follow; and left unchecked we will repeat the eth network collapse here as well.

Plus porn spam...

I never had issues with ram for node syncing but my internet connection has always been so slow (currently under 4mbps) that it didn't matter anyway. An acquaintance with like 100mbps synced in like a day or two, without changing anything from defaults. At least in Linux, any ram you have unused gets assigned for "buffers" which helps for disk i/o. I guess those suggested optimizations can help a bit, like putting chainstate in a ram disk, on mine (pruned) that folder is currently at 3.6g (at 2019-03-28, still syncing).

500g is bad enough to convince people to run full nodes and with the demonstrated spam abuse by Ordinals it can only get worse fast. Leave it unchecked and all blocks will be 4m now, and not from transactions, unfortunately...