Bitcoin Forum
May 23, 2025, 01:27:21 PM *
News: Latest Bitcoin Core release: 29.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 [232] 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 ... 1243 »
4621  Bitcoin / Bitcoin Discussion / Re: An BTC Assumption on: December 28, 2022, 09:11:19 AM
What will you do with it?
Same thing that if I woke up some day and saw in the news that there is an incoming meteor on the trajectory to earth to cause an extinction level event. I'd get on with my life Tongue
4622  Bitcoin / Bitcoin Discussion / Re: What if the government of a country is irresponsible? on: December 28, 2022, 09:03:16 AM
There are a couple of problems that they will face. For starters printing money, regardless of where it is spent, will eventually cause inflation so there is no benefit in buying bitcoin when the currency is dumping hard against it and the country's economy is crashing down.
Secondly, bitcoin price would start rising fast if someone starts buying large amounts and it will then cause a chain effect where others seeing the rise would start panic buying shooting the price down. So before they know it they have to print even more money to buy the same amount of coins they planned because the price will have gone to the moon.
Finally, not all bitcoins are for sale. Only a fraction of it is available on exchanges to be sold if someone is making huge purchases and cashing them out, the supply shortage on exchanges would be an even bigger force to push the price to the moon.

In short price would be multi million dollar per coin before they could even fill their coffers.
4623  Bitcoin / Development & Technical Discussion / Re: the fastest possible way to mass-generate addresses in Python on: December 28, 2022, 03:47:49 AM
Let's make a contest-like game. Create a simple code like this and try to beat the high score of currently 4.7 seconds for 1million bech32 addresses without using GPU.
It has to have a purpose otherwise it is a complete waste of time even if someone could optimize the code to generate 1 billion addresses in 5 seconds.
4624  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: December 27, 2022, 10:05:51 AM
I always chuckle when I see the "freeze to death" arguments. I don't know who created this FUD, whether someone in the West or maybe it was indeed someone in Russia, but the propaganda machine in the West loved it so much that they ran with it to this day.

Nobody has frozen to death yet and when you walk in the streets you don't see frozen statue of people so everything must be fine.

Who cares about high inflation and recession and the nonstop money printing making it all worse;
Who cares that gas and energy price is already so much higher than last year;
Who cares that 30% of the economy declared insolvency in the first 3 months alone and that percentage has been rising ever since;
Who cares that majority of industries in Europe have shut down and migrated abroad (capital fleeing);
Who cares that hundreds of thousands of people lost their jobs when these industries shut down;
Who cares that energy giants like Uniper were annihilated in a couple of months and had to be absorbed into the government;
Who cares that the whole countries in the West are facing "cost of living crisis" since cost of everything has gone super high;
Who cares that a couple of months ago the European Fertilizer Industry declared an state of "full fledged crisis" leading to future food crisis;
Who cares that there are strikes and mass protests in every country in the West and their clashes with the police is creating lots of casualties!!!

You know nobody has frozen to death yet so everything must be fine...
4625  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: December 27, 2022, 09:23:23 AM
I hate wars, but I don't know how to prevent them.
Preventing wars is actually easier than you think. All it takes is independent politicians and a strong independent military.
- Imagine for a second a scenario where Ukraine owned missiles that could hit Moscow (that is mid-range missiles with 450 km to 700 km range) or if they hadn't been fooled by the West to disarm themselves and give up 17000 nuclear warheads. Russia would have never dared attack Ukraine.
- Imagine a scenario where Ukraine had an independent politician who cared about his own country instead of playing others' games trying to join NATO or become a US colony. Russia would have never had any excuse to invade Ukraine.
4626  Bitcoin / Bitcoin Discussion / Re: What would Satoshi Do (today) on: December 27, 2022, 08:11:16 AM
Satoshi would weep after seeing centralized shitcoins like Ethereum and Cardano with massive premines and fundamental flaws in their protocols that at the same time are being sold at high prices while they have no usage whatsoever in the real world. Wink
4627  Bitcoin / Bitcoin Discussion / Re: Did The Inventors of the Internet Want A Native Currency Early On? on: December 27, 2022, 07:56:13 AM
Considering that the Internet was a US government funded "invention" to be used by the US military and both of these organizations crave centralization and full control and they worship the Dollar, what you suggest sounds very unlikely because creating another currency for the internet goes against the "dollar dominance" that US regime dreams of.
4628  Bitcoin / Bitcoin Discussion / Re: Problem with mass adoption of Bitcoin on: December 27, 2022, 07:48:45 AM
I kinda have the feeling that your friend is concerned about oligarchy. I don't have a doubt that a Bitcoin standard is going to create oligarchs-- it will. That isn't a currency feature / bug. It's human nature. What matters is how will this oligarchy occur. A monetary system that is fundamentally tied with the state is perpetually proven to create oligarchs in an unfair manner advantageously speaking; we've built an alternative to that.
The good news is that when it comes to bitcoin and its adoption, it has always been a free world from day one. In other words anybody could have become a whale for example by purchasing $1000 worth of bitcoin when it was only $0.01 which is worth ~$1.7 billion today. They were also free to ignore bitcoin and watch others adopt bitcoin and improve their financial situation.
4629  Bitcoin / Bitcoin Discussion / Re: Peter Zeihan - in a world of carbon taxes, cryptos net worths is negative on: December 27, 2022, 04:33:58 AM
I dont see things going back to normal. Debt is growing at 4 times GDP and has been for a few decades. Bitcoin can grow, but not because things go back to normal, rather due to a collapse/recalibration which looks inevitable IMO.
When economy collapses, things eventually go back to normal. Have you forgotten what happened in 2008? Look it up. There was chaos as economy was collapsing (bitcoin was created during that time too) and things went back to normal and most people forgot that their centralized monetary system is seriously flawed and corrupted. Those who didn't forget started adopting bitcoin.
4630  Bitcoin / Electrum / Re: Should I copy my electrum wallets to USB for extra backups? on: December 27, 2022, 04:24:30 AM
If I'm correct, in most of the cases where USB is damaged/broken or whatever you say, can be fixed by data recovery services unless memory chips aren't damaged.
That is a very risky thing to do when you rely on third party recovery services. More so if your wallet contains a significant amount of bitcoin because they could steal it and you won't have any way of proving they did so either.
4631  Economy / Speculation / Re: Bitcoin cycles, this is the cyclical minimum on: December 26, 2022, 05:32:23 PM
The market cap will be bigger, it may even surpass the worldwide stock market with the highest capitalist, but I think bitcoin needs a strong run to reach the price of $200k while it's still a long way to go new records will surely be made again.
At some point we have to seriously stop using market capitalization to talk about bitcoin (or any other cryptocurrency for that matter). Bitcoin is not a company or a stock in the stock market to have market cap. It is a currency and it has to be compared with currencies like a currency. Something like money supply is more suitable to use instead. You have to consider that bitcoin is competing with all fiat currencies in the world: dollar, euro, ruble, yuan, yen, pound,... Suddenly $200k total doesn't look like much, does it?
4632  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: December 26, 2022, 03:46:14 PM
~
It is absurd to think that the protests in Iran can lead to the overthrow of the regime so easily. It is also absurd to think that Western countries support these protests because Iran has provided Russia with drone fighters.
But at the same time, it cannot be denied that Iran is witnessing an unprecedented wave of protests, which was confirmed by the Iranian authorities themselves when they announced some time ago measures to review the law on wearing the veil for women after a decision to abolish the morality police.
On the other hand, supplying Russia with drone fighters does not mean that Russia and Iran are on the same front against Western countries, because Russia does not support Iran in its nuclear program.
The problem with Western Media is that they show their propaganda and most people believe that. For example they would never show the 15 million people who marched in the annual government organized parade for student's day about 2 months ago around the time the riots ended (which is practically showing the majority support for the government). They just show the dozen rioting kids and then attach their hopes to the story.

The reason is far more complicated than a bunch of primitive drones that have been destroying their hundreds of billions of dollars of weapons. It is because Iran has been ruining all their colonization plans for the past 50 years all around the world. In West Asia alone US spent nearly $10 trillion in two decades and today they have nothing to show for it but a ruined economy and lots of body bags.

P.S. As I said before they will keep lying about Iran of supplying drones to Russia that eventually they will force Iran to start making a different decision. The tone of the government is already changing and soon will the cost of such accusations.
4633  Bitcoin / Bitcoin Discussion / Re: Peter Zeihan - in a world of carbon taxes, cryptos net worths is negative on: December 26, 2022, 03:35:09 PM
He goes on to say "crypto is the poster child for the environment from 1990 - 2022 when we had unlimited volumes of capital. Now with that the money is going away, crypto is going away"
But money is not going away, they are actually printing more of it and right now the "capital" is too scared to jump into bitcoin. Not to mention that certain events like FTX collapse have caused a small crash preventing the rise.
When the inflation+recession growth stops, things could go back to normal and bitcoin would go up again.

Keep in mind that governments have been printing money like maniacs that has and will crash fiat's value which would only contribute to bitcoin price rise.

Quote
On future carbon taxes, which I agree with, the bitcoin network can easily operate on a fully renewable grid
Since such things like "Carbon Tax" are not global, they won't affect bitcoin. They are also not applied in any place with high bitcoin hashrate to matter and even if they did, the hashrate would simply migrate to a region with vast amounts of ultra cheap energy Wink.
4634  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: December 26, 2022, 05:11:52 AM
Iran has started supplying its drones to Russia and has been punished by the great riots that continue to this day and threaten to overthrow their government.
It's funny that a small scale protest in Iran that barely reached 50 in participant count and both started and ended months ago is referred to as "overthrowing the government" meanwhile the much bigger scale ongoing protests elsewhere like the 100k protests every week in Germany, the riots and strikes in UK and the chaos in France that looks more like civil war are not even seen Cheesy

"People" don't ignore it, politicians do. Because it they wouldn't, they couldn't congratulate themselves on how effective their policies are.
Paying more for less is only bad for the buyer.
That's true but people read and believe what the politicians say in the propaganda towers known as mainstream media and you see it all over their arguments in this topic too.
4635  Economy / Economics / Re: Vegetable Prices Soar 40% as Crops Fail Under Extreme Weather on: December 26, 2022, 04:38:27 AM
The most tragic thing in the whole story is the fact that most of today's young people do not know what a tomato, cucumber or pepper really tastes like.
Speaking of tastes I have forgotten how pears taste like Tongue. I don't know what they did to pear trees or if it is the same in other countries but they no longer have any taste here. Each year when it's their season I buy them and get disappointed again.
4636  Other / Beginners & Help / Re: Plan a more safer 2023, Merry Xmas on: December 26, 2022, 04:24:06 AM
Regulators don't care at all about users' security or whether the exchange is going to scam them or not. All they care about is their own pockets (ie. to receive all the taxes as they can) and to deanonymize anybody who uses a centralized exchange so that they can keep tabs on them and know where their "money" comes from and goes to, and possibly even take taxes from them too.
4637  Bitcoin / Bitcoin Technical Support / Re: If we want people to be their own bank, we have to rethink things. A Proposal on: December 26, 2022, 04:16:00 AM
However, in the event I succeeded in creating it, it would fail due to lack of trust even if I launch with source code (understandable)
Any new project has to check some boxes and only fails if it doesn't. Being 100% open source is only one of them.

In my opinion the most important one can be summarized in a simple question: "What's new in this project?" (This is true about new altcoins too). For example if your new project is offering the same features as other existing wallets (eg. Electrum) then it has a higher chance of failing but if it has some new and actually-useful features that don't exist elsewhere, it will definitely succeed.
Keep in mind that the alternative here is to contribute to the existing project to improve that if the ideas already exist instead of giving up altogether.

Another thing to consider is that success and popularity takes time. Electrum has been around for a decade, core from day 1, etc. so it could take years for any new project to gain any popularity and build trust.
4638  Bitcoin / Development & Technical Discussion / Re: What is happening with transactions that is unique but with an existing txid? on: December 26, 2022, 03:54:33 AM
BTW, these kinds of transactions will never hit the mempool, as they can only be generated when a miner creates a coinbase transaction (Since they don't have any inputs, a miner only has to ensure that the reward and destination address is the same, and that there are no segwit transactions in the block - which can all be accomplished by mining an empty block)
You forgot that coinbase transactions have to also include the block height in their signature script, that makes the final hash different even if everything else in that transaction was the same. As the result of this the chance of a duplicate coinbase transaction is just as low as any other duplicate transaction.
4639  Bitcoin / Bitcoin Discussion / Re: Problem with mass adoption of Bitcoin on: December 25, 2022, 04:26:51 PM
In the coming years, according to Bitcoin experts, adoption will increase.
Bitcoin adoption is always on the rise. The rate is changing and also the quality of it.
For example during the end of the bull markets when we are close to the peak the adoption is mostly lazy gamblers who think they can make a quick buck (ie. low quality adoption). During bear markets we get more people who believe in Bitcoin's principles rather than profit making (ie. high quality adoption).

Quote
He claimed that 3.7 million coins are lost, with the remaining coins being held on chains by early adopters.
Both of these statements are weak guesses since we have no way of measuring either one of these and the fact that everyone makes a guess that is wildly different from others proves these are very weak gueses!

Quote
He claimed that this specific set of people is seriously impeding the adoption of Bitcoin. As they have the ability to shock the entire system with sell/buy.
There are many different ways that bitcoin market could be affected and market manipulation is a very real challenge that we face. But it is not a specific set of people and they can't always get what they want. For example during 2017 we clearly saw many occasions where "whales" tried to go against the market (shorted bitcoin thinking it should dump) and lost millions of dollars hence failed to manipulate the market.

Quote
I believe the system should be changed such that each person is limited to holding a certain quantity of Bitcoin.
I think that this will hinder widespread adoption. What do all of you think?
You are right that this will hinder adoption (meaning it will prevent it) because people would dump such a currency that puts such a limit on how much of it they can own.
4640  Bitcoin / Bitcoin Technical Support / Re: If we want people to be their own bank, we have to rethink things. A Proposal on: December 25, 2022, 03:39:00 PM
I'm proposing a UX redesign of a light "Wallet" version of core targeting retail investors. Not really wanting to reinvent the wheel. Just add training wheels.
If by "light wallet" you mean SPV client then it takes a lot more than UX redesign since it needs changes in the backend because the code doesn't exist in bitcoin core to fully support SPV clients. For example the protocol Electrum uses requires a new communication protocol and implementation of SSL certificate authentication and possibly even changes in wallet layer.
Pages: « 1 ... 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 [232] 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 ... 1243 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!