Satan is an invention of man, just like the 'rona virus. Reject both of them and embrace mother nature, she gave us sex, beef and stinging nettles. ( You can even try all 3 together ).
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The quoted post shows a lack of understanding of "use". My Bitcoins are a store of wealth, and that is a valid use. I have a bronze statue,and it just sits on a shelf to be appreciated - that is another valid use. I have banknotes in my wallet, and I spend those, that is another very limited use.
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I'm still a merit source, and I have over 500 sMerits to award at the moment. I do award merits to lower rank members if I think their posts are worthwhile, bur I'm starting to prefer to award merits to senior members. I don't see merits as a means to increase rank, but as an encouragement to make good threads and posts for the benefit of the forum. Merits are an indication of public approval for posts, I've backed away because I don't feel that many of my topics reflect board opinion. Certainly this is true of my opinions of the current artificial pandemic. I'm surprised that a community of educated and intelligent people is failing to recognise the patterns in medical and government behaviour, and fails to question issues such as the testing cycle differences between pre-vaccinated and post-vaccinated people. It is 36-40 for the general public, and 28 or less for the vaccinated. The covid test results are the only ones that don't include the cycle rates, and it is easy to see why. I don't appreciate being belittled and trolled for having an enquiring mind, and questioning the manipulated statistics.
I would like to so something to bring back some of the interesting senior members that we have lost, but I'm not sure how to do this. It is especially true as we seem to have many fiat supporters who don't understand or want Bitcoin. I'd love to see more discussions on world politics and economics, but not if they just push the low level narrative. I don't want to "build back better", but I want to see a return to the old capitalist system that rewards hard work, creativity, and risk taking. We are losing the capital to invest in new ventures, and the small creative businesses, and until people become aware of the damage this is doing to us, we don't have a hope of staying out of an enslaved future. It is ironic that so many protests and extreme actions are happening in the name of anti-slavery at a time when most people are being forced into slavery, and the handing over of their health to the governments..
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They ( you know who I mean ) started to remove iodine from food in the early 1970s - bread was one of the firdt examples. This had resulted inmost of the current population being deficient in iodine. To rectify this, I often swin naked in the seas, and I eat products like itsu seaweed thins
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I've backed away from posting over the last few months.. The dig spammers who believe in fiat rather than Bitcoin dropped the posting quality quite a bit. The bankers' pandemic has change things quite a bit for me - I no longer spend hours on the computer in Mcdonalds drinking coffee, and I don't respect the sheeple who wander everywhere wearing face masks. I find it difficult to believe that so many people have fallen for the manipulation that has ramped up a minor virus that has been around since the 1930s into a massive transfer of wealth away from people and the national reserves. I'm srill converting my van, and once I have got a decent comms centre installed, then I'll try to create some non-political discussion threads.
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It looks as if the vaccines are causing the virus to mutate, as well as reducing natural immunity. Wearing face masks is another health threat, and they make it harder to shake off a viral infection.
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My idea for the attempted synchronisation would involve a dedicated account on each chain, and this would be a controlled exchange. The credit would be transferred in the exchange, so coins would not move from their blockchain. It would require an equal flow in each direction, and variation in this would create a price imbalance, and an arbitrage opportunity. This is much the same as fiat currency exchanges at the moment. The extension to this is that each country has its own Bitcoin blockchain, but that wouldn't be done by forking the existing chain. It would also need government support to establish an initial value. I guess this is what is being created at the moment,but unfortunately decentralised Bitcoin type blockchains won't be used. Maybe we need an asic resistant people's Bitcoin to regain an independent currency.
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It is reported to be up to 60% more transmissible. I'm OK, and I'm not taking any precautions, as I haven't been vaccinated, so I still have all my natural immunity.
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You won't know if it is a golden opportunity to buy until it is too late to take advantage of it.
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I probably shouldn't have used the phrase "parallel chains", it was a limitation in my concept of the change. Of course, all the parallel chains are the copies run by the existing nodes. The chains would be parallel up until the separation, and that would cause a fork as has been pointed out. The interesting challenge would be to maintain the same value on each fork, and an interchangeability. Failure to do this would mean that one fork would become just another alt like Bitcoin cash.
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I believe that Bitcoin was created by the banking elite, and it was released for evaluation, modification and enhancement by a creative and intelligent community. We are lucky to have been a part of this community. The spectacular success of Bitcoin has made it easier for them to introduce their own pseudo-cryptocurrencies, and they are now taking control of large chunks of Bitcoin to maintain its volatility. This allows them to convince the gullible public that their fiat replacements are better and safer than Bitcoin. In the meantime, those of us who can accept this, can take advantage of the volatility to gain wealth.
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You can do this now, but you have to put up all the Bitcoin in the beginning. This doesn't help if you are wanting a loan, but it could be useful if you want to make staged payments for a building project. If you need a loan, then you will need to find someone to lend you the Bitcoin, and this is no different to a fiat loan really. A deferred payment or rental agreement would be something you could agree with the seller.
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You wouldn't need to control all the servers, you would only need control of the pinch points where the traffic leaves the continent. It may be possible to control satellite communications with government legislation.
There is another interesting possibility with parallel chains. If a mechanism was created to transfer coins between chains,and market arbitrage was allowed to stabilise the value, then you would have effectively doubled the quantity of Bitcoin, and the government (bankers?) could monitor and control the movement between blockchains. One obvious mechanism would be for each blockchain to have a wallet for the buying and selling of its coins on the other blockchain. Of course this implies equal demand for both coins. As banks and investment houses increase their ownership of Bitcoin, they may see this as an easy way to increase their Bitcoin wealth.
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The future is hydrogen fuel cells. Current electric cars are just a stage in their development. Toyota already have some on the roads.
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Thanks for that explanation. I hadn't associated hash rate with the chain length.
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That is what I would suspect, but if it went on for a year of so (say), I can't see the losing chain allowing a merger, especially if the newly created coins have been traded. I can see this happening if autocratic governments like China want to control Internet use.
Just out of interest - how could the shortest chain have the greatest proof of work?
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I don't believe that the Internet will suffer a world-wide failure for any length of time. What could be a possibility id that it splits in two. Perhaps Russia and China will control one with restricted access, and the five eyes will operate another. If there is no possibility of communication between the two, and miners continue to operate on both nets ( but not the same miners). Then this could create two blockchains. How would "they" handle a reconciliation? Would existing owners end up with coins on both chains, as I can't see a way of merging the chains?
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