~Let the people of Donbass vote on whether they want to remain in Ukraine or not. Why you are afraid about it?
Because democracy and people's vote is only good as long as it gives the result that the big players want (ie. United States), otherwise they oppose it just like what the West is doing these days. It's actually quite funny how Russia used the same "democracy" the Americans always advertise in those regions.
|
|
|
Government prints fiat --> fiat value drops --> inflation goes up Government prints more fiat --> fiat value drops more --> inflation goes higher Government prints even more fiat while playing with interest rates --> fiat value drops eve more --> inflation happens with recession One thing to remember about money printing and inflation is that it doesn't have to happen immediately. For example a part of inflation in US today is because of the money printed in 2020 pandemic. https://www.usdebtclock.org/ shows the US national debt and how it is constantly going up. It recently set a new ATH at $31 trillion!!! The site also has a list of other countries, none of them look good.
|
|
|
I don't think this news will have any effect on the value of bitcoin either. But if Musk starts manipulating and writing about cryptocurrencies and bitcoin again, it could turn the market around. But I think Ilon has a lot of problems with other projects and their stock price, the crisis and other negativity now, since he even started writing about Ukraine. But it would be nice to see his tweets about BTC again.
This is exactly my point. We are aware of Mr. Musk's propensity for talking a lot and the impact this has on the market. Remember his tesla and bitcoin tweets, his Doge Coin tweets, his tweets about bitcoin and climate change. I am speculating that if he finally purchases Twitter, he could just decide to publish anything favorable or unfavorable about bitcoin when he wakes up one morning (especially now that bitcoin halving is just around the corner). You should remember the whole story not only parts of it. Bitcoin price was already rising and Musk's tweet just became viral adding to the existing hype but the media tried to convince everyone that the rise was because of his tweets. After that when the drop began, he started spreading FUD about bitcoin contributing to the drop and again the media tried to convince people that the drop was because of his tweets! Finally he tried to spread more FUD about bitcoin and its energy consumption but because price had reached a bottom, all of his efforts failed. This is something the media never told you specially when he was still insisting on his FUD and price kept going back up setting the ATH at $70k.
|
|
|
- Binance (this will be primary)
I think it is worth remembering that Binance (and some others like it that don't list BSV today) have been supporting this scam altcoin for a long time before they removed it. Basically they were all happy to list this obvious scam as long as it had a high volume and could give them a lot of money and delisted it as soon as the volume dropped and the pressure from the community became bigger than the profit they could make. Lest we forget how Binance was offering mining pools money to commit a 51% attack just to reverse their stupidity (when they got hacked).
|
|
|
I don't understand why people keep their coins on exchange if they are not involved in trading as you are using centralised services for storing a decentralised asset so you are completely diluting the base purpose of Bitcoin existence.
It's because some people got into this world wanting to make money and at the same time were too lazy to research what they were buying. Most of them think bitcoin is like PayPal where the only way to use it is to sign up somewhere! It gets worse when it comes to altcoins since they don't usually have any decent wallet or any SPV clients at all. So you'll have to run the full node of that shitcoin or buy a hardware wallet or store it on an exchange, they obviously choose the last option since it is cheaper and they can dump them any time they want without needing to wait for hundreds of confirmation.
|
|
|
You don't need to reveal your identity to "get bitcoin", you only do it when you go on a centralized exchange and use your centralized payment system (banks, credit cards, etc) to swap your fiat for bitcoin. It has always been like this from day one. And it is not specific to bitcoin, whenever you use centralized services you are revealing your identity one way or another. Sometimes the degree differs but your identity is revealed nonetheless.
|
|
|
Biden administration is also concerned about a repeat of the Terra-LUNA incident.
Governments have never been concerned about people being scammed. What they are scared of, specifically US is when companies start "print their own money", ie the stablecoins. So they will do anything they can to put an stop to it. Lest we forget their anger at Tether and their inability to shut it down so far. Besides, Biden should really worry about United States National Debt that just set a new ATH of a ridiculously high value of $31 trillion. It grow over $1.5 trillion over the past 30 days! ....and yet they keep printing more dollars... https://www.usdebtclock.org/
|
|
|
It is, and they do get it cheaper, so much so that they literally take oil out of Saudi Arabia, give them money, but then Saudi Arabia turns back and buys weapons from American companies, making them a profit in the long run. So that oil may not be free, but comes in cheaper than you can imagine, under 40 dollars per barrel, not because that's what they pay, but because they sell something in return to cover the difference, so most of the money stays in their nation.
This is what they should be worried about, it is not something that should be upsetting Americans just yet, the reason why prices are high is the insane profits oil companies are making, not lack of oil.
Except that Saudi's oil production has been dramatically decreased after Aramco was hit by the Yemenis resistance so they are not selling as much oil as before. On top of that ever since the failure of the American weapons they bought (like the Patriot system that proved to be completely useless in protecting Aramco or even US bases in Saudi Arabia from being bombed), they started buying weapons from the Chinese and Russians and also sell more oil to the Chinese instead of selling it to US...
|
|
|
Unlike El Salvador where many peeps stood against this policy of bitcoin and hated the fact that the government is supporting something which they do not understand or at least their country does not need right now!! Like they need more facilities of health care or more employment rather than new transaction system and new ways of payment systems.
I'm curious about the source of your claim about "peeps" being against bitcoin adoption in El Salvador. Specially since it doesn't really cost anything to adopt bitcoin! How much money did the El Salvador government spend on it anyways? Hire some programmers to create that wallet and pay them a grand?! You can't build health facilities with that much money.
|
|
|
I honestly have not seen anybody who actually thinks holding bitcoin in long term is a bad idea! There are definitely a lot of idiots who spread FUD but even those people don't think that since they are buying bitcoin themselves, specially in the dips. 13 years of going up and more up has proven that.
|
|
|
With the way companies are going bankrupt ~ Forget about how big a crypto exchange have grown, do not leave your coins on exchange~
A good advice but irrelevant reason. Companies aren't going bankrupt for no reason these days. They go bankrupt because of the economic situation in those countries, for example in Germany they go bankrupt because of the high energy costs and the shortage of it. Exchanges, specially the big ones, are not going to go bankrupt that easily. They mostly go bust when they get hacked. I have some USDT that I plan to use to buy coins probably when BTC is down to 10k which I believed would happened in September but it never did so I moved the USDT out of the exchange back into my wallet.
Do not relent, do not trust any exchange, trust only your private keys, remember, not your keys, not your coins.
A much better advice is to not trust anything centralized which includes USDT which is one of the most centralized altcoins that can go bust at any time. P.S. There is no reason for bitcoin go any lower than this.
|
|
|
Dangers of dusting attacks. Hackers send very small amounts of tokens or coins to a wallets for dusting attacks. And that keeps the wallet in trucking. Because when a token or coin is sent from one's wallet to someone's address, it becomes very easy to track it. By that tracking, hackers find out the identity of the targeted wallet. When the hacker is able to find out the identity of the person in the targeted wallet, the hacker puts the person in danger with a phishing attack or cyber thread.
It is called "dust attack" (not dusting) and that is not how it works. They send a small amount of coins to an address that is usually empty so that they can force you to combine that output with another coin from a different address so that they can find the link between the two (or more) addresses. They still can't track you or find your identity this way though. If you're using an exchange wallet, there's nothing to warried about.
Exchange are not wallets and if you are keeping funds there, you have a lot more to worry about. Not to mention that in most cases your identity is already known!
|
|
|
There are more people warning about the wave of bankruptcies in Germany every day. The most recent one is the head of the German Institute for Economic Research, professor Marcel Fratzscher. In his recent interview he "warns of a wave of bankruptcies in German companies". Just as I said before, the biggest challenge German economy is going to face from now on is bankruptcy and the fleeing capital since due to competition the products made inside Germany would be a lot more expensive than same product made elsewhere. Consequently they would either be forced to shut down or move everything abroad, in either case lots of regular Germans will lose their jobs. Germany is a country with very energy-intensive economic sectors. Because of the high energy prices in Germany, they [the companies] have to sell their products more expensively than their competitors That is why Fratzscher fears that many companies, especially in energy-intensive sectors, will not be able to hold out.
|
|
|
If we are in crypto where do you suggest buying Yuan? I was hoping to actaully get some RMB or Yuan stablecoin but there is none even the p2p in binance.
Even if you were a million percent sure that RMB and Yuan were going to the moon, you should still not buy stablecoins because they are shady centralized shitcoins that can freeze your money or simply scam and run away. ~ I misunderstood China's intentions, but stompix posted a very good point on why China is preparing for a "massive U.S. Dollar dump". It's just to prop up it's own currency, the Yuan.
Perhaps the Fed's tightening to stop, and reverse inflation in the country is having a negative effect from China's point of view. Because through a strong Dollar, and from China's point of view, it might be that inflation is also being exported to them. Haha.
The exchange rate charts don't show any major change though. In any case, if you look at the act alone this conclusion (strengthen their currency) makes sense and it may very well be one of the motivations; but I believe there is a bigger picture here. China is not doing ONLY that, there is a lot of other steps they are taking. Like the ones I listed, and I clearly see a trend.
|
|
|
If a powerful nuclear bomb explodes at one end of the globe, its negative impact will manifest itself in all corners of our planet. It is also true that no one will sit idly by if anyone dares to threaten the use of nuclear weapons against any small or large neighboring or distant state. Because everyone will suffer from the consequences of nuclear explosions to varying degrees.
A nuclear war where 2 nuclear powers hit each other to mutual destruction is different from one nuclear power nuking another unarmed nation. In other words history suggests this part of your comment not correct. United States dropped 2 atomic bombs on 2 Japanese cities of Hiroshima and Nagasaki wiping out their entire population. There was no negative impact elsewhere on the planet and only Japanese people suffered from this atrocity.
|
|
|
Basically Binance relies on the fact that altcoin traders and bag holders don't bother doing research (otherwise they wouldn't have been bagholding altcoins). So they released some source code a the start and later they moved to complete closed source without removing the claim of being open source. So newbies see that lie about being open source on their website and maybe see a github account and think the wallet is safe to use!
|
|
|
In a way any market that you can trade in are the same. You can only make profit if you can speculate in that market by knowing what affects it and will lose money if you enter it blindly. But the difference that bitcoin has from other markets is that it is on an adoption path which means its price will always go up in the long run. Unlike stocks which don't really have an "adoption phase" and can only go up if the company is doing well or the economy is good. I have seen that Bitcoin is always goes in bull and also bear market seasons and in these cycles only big whales are earning and they wil be always be millionaires.
You don't need to be a whale to make profit, you just have to be wise. But in Stock market that has lasted almost decades to centuries and I do not know if they have also been going like Cryptocurrency market.
The cryptocurrency (aka altcoins) market can be compared to penny stocks market which is a small market that lists shit stocks with low value and most of them have no utilities and die sooner or later. Altcoins are the same. We also have the market manipulation that is dominating the altcoin market because it is not regulated. I think that united States dollars was in bearish for many years when Us Has war with Afghanistan.
All fiat currencies are always in a bear market simply because there is an unlimited supply of them. In other words the governments keep printing them so they lost their value over time. And now I think it is in bull run season for many years though United States economy is not too strong.
Considering the inflation in US and how price of everything is going up, US dollar could be considered in a "bear market".
|
|
|
This may sound like a dumb question, but what kind of hardware do bitcoin miners use now? I was under the impression they were still mining using really geared up GPUs....
They are using "specialized" hardware that can perform A LOT better than GPUs when computing. They are called application-specific integrated circuit which is basically a specialized microchip that is designed specifically to compute SHA256 hash of bitcoin block headers in a loop. Which is why these ASICs can only be used for mining bitcoin (or its copies) and not other altcoins with different hash algorithm or vice versa.
|
|
|
If this is how CBDC works then I don't think anyone will use CBDC, nobody will do it to exchange BTC for CBDC, which sounds ridiculous.
well CBDCs are already being used on a moderately large scale! The Chinese one for example surpassed $15 billion volume last I checked and it is accepted by millions of shops inside China. As for buying bitcoin, there is not much difference between using a CBDC or your bank account (wire transfer, credit cards, etc.) to buy bitcoin.
|
|
|
You have to first parse/deserialize the transaction, so you either have to read the first link you posted (raw-transaction-format) to learn how to do it or find a library that does this. Then you'll have a transaction that has a list of inputs (tx_in), in each input you will have a transaction hash and an index. The combination of these two is the outpoint.
That hash in each outpoint is the double SHA256 hash of the transaction that contains the output (or coins) you are spending. That index is the index of that output (or coin) inside the previous transaction's output (tx_out) list.
|
|
|
|