Saying bitcoin will replace fiat is silly, saying shitcoins will replace fiat is something beyond silly.
Stablecoins are essentially centralized shitcoins that are issued and fully controlled by one company. They should not even be used by users let alone be used at large scale. The risk of them is just too huge to justify using them, to put simply the law enforcement can easily shut them down for printing money!
The only reason why you see a lot of these types of shitcoins is because of the huge altcoin trading volume that needs to happen using something stable these days specially since smallest bitcoin drops causes huge altcoin dumps and newbies are also scared of buying bitcoin. So their option is either fiat or stableshitcoins and since most altcoin exchanges don't have fiat they have to choose these shitcoins.
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A sidechain.borrows all coins from its host chain. So while it can not have its own block *subsidy*, it still has miners earning block rewards composed entirely of transaction fees.
It doesn't "borrow" coins, it pegs them to the host chain so it can have flexibility. It also has an entirely separate chain that can an entirely different consensus rules which means it could technically have block subsidy too although in a pegged coin it doesn't make much sense.
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Interesting how "highest quality of life" means also highest suicide rates ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Hm, I don't see many developed countries in the top 20-30 countries by suicide rates. https://worldpopulationreview.com/country-rankings/suicide-rate-by-countryWell the rates are amongst the highest which you can't claim there is "highest quality of life" when people are offing themselves every day. Just look at messed up countries like Iraq, Syria, Afghanistan,... where people don't have much to live for or the third world countries such as most of Africa which all have suicide rates that are far below those in Europe. For example suicide rates in Iraq is 3.6 and 4.1 Afghanistan and 2.5 in Algeria while it is 13.8 in France and 14.5 in Switzerland, 14.7 in Sweden. Note that I'm not saying quality of life is high in these places but it definitely not high in most of Europe. For goodness sake they are starting to ration food in Europe! How can the quality of life be so high when their food security is "seriously threatened" by a conflict in Ukraine and why is it not affecting the rest of the world?!!! There is a reason why I love using the term carrot countries when describing such countries. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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become the most amazing countries with the highest quality of life.
Interesting how "highest quality of life" means also highest suicide rates ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) How the fuck is Russia going to replace the European market?
You are asking the wrong question. You should be asking how the fuck the European countries replace Russian energy imports? As long as they have no other option and no other plan on doing anything about it, they will rely on those imports and continue pouring money into Russia's pockets. 2. China and India probably sees that good relationship with West is better for them
Both of them are having good relationship with Russia just like Europe has. They've also already increased their trades over the past month! In this war, we don't need to focus on military equipment but on our weak sides, everyone sees how bad military equipment Russia has compared to the western countries.
You are seriously misinformed. There is no doubt that Russian military equipment is very weak but it is just as weak as their Western counterparts. Just look at the wars that US-NATO coalition have had in the past 7 decades. They are all loss after loss after loss. Majority of them they lose to weak militias that don't even have half-decent equipment! For fuck sake they lost to Cavemen called Taliban in Afghanistan that don't even know what technology is. Name one western military equipment that has functioned as advertised? LOL
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AFAIK many Bitcoin contributor already left Bitcointalk either because forum isn't best place for technical discussion or increasing spam amount.
I always found "spam" an unacceptable excuse for those who left bitcointalk. I'm sure they all left for other reasons because you can find spam everywhere on the internet, even GitHub is spammed. See the issue section of bitcoin core for example, all those issues with title that shows a dot are spam. You don't see anybody stop contributing to bitcoin core because the repository was spammed! Things were even worse in 2017 during the bcash scam period.
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For such a poor country, paying transaction fees of 3% - 8% is not really feasible.
Bitcoin transaction fees aren't computed based on a percentage of the transaction value! They are computed based on the size of the transaction (as bytes). A transaction worth $10 million would pay the same $0.07-$0.09 as another transaction worth $10 if their byte sizes are the same. Even if you wanted to convert it to percentage neither of it is even close to 3%-8% either (it is about 0.9% for $10 case).
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But generally not a bad news as being the first city to do so
Is that double standard or are people not understanding what the news is saying? It is the government that is running this mining program. Do we really want the governments start mining bitcoin and amass hashrate? I don't think anybody in bitcoin world wants that! Or maybe to some people, US government is an exception ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) in that case think of it as maybe Russian or Chinese government start doing this next.
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Decentralized Finance Crypto Exchange Uniswap Starts Blocking Addresses Linked To 'Blocked Activities'
These two are contradictory. If this platform were really decentralized then they would have never been able to even think about blocking anything! Which is why I always say that just because something uses the word "decentralized" it doesn't mean they are really decentralized. In fact majority of them are heavily centralized. This goes for other names they use too, for example as far as I can tell Uniswap is not an exchange platform, it is a weak token swap platform. Be warned that this can happen in any other platform too that claims to be decentralized but is either centralized or have some traces of centralization (like Bisq).
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If I were a Twitter user, one thing I'd be worried about is that Elon's statements make it sound like he might want to "KYC" everyone to eliminate "bots".
Last time I checked you couldn't sign up on twitter without giving up your phone number and while that is not exactly KYC but it is pretty far from being anonymous already. Besides, at the end of the day regardless of the owner of twitter, it is still a centralized platform and will be forced into obeying whatever crazy demands the US regime dictates which has always been against any kind of privacy. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Rootstock is **not** a Bitcoin sidechain as per the sidechains whitepaper. It does **not** benefit from Bitcoin hashrate.
That is the definition of a sidechain, a separate chain that has its own mining, own blockchain, own network and the only link it has to bitcoin is usually a 2 way peg. It isn't really using bitcoin or its blockchain to benefit from its hashrate. It just benefits from its name! RSK is a Bitcoin sidechain, so it has its own network, and its own blockchain, but not its own token.
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Get bitcoin core's source code and modify the database part to create an additional index while saving each block where it stores any output that was used. It could be in form of a hash of the output script so that searching is simpler. Fully sync by downloading and indexing the blockchain. Run your code to hash each item in the dictionary to get the key then create the outputs and hash them to compare search within the database you created. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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It is worth noting that these contributors on GitHub aren't necessarily programmers and each contribution could be very different from others. For example if you fix a typo in readme text through a commit you become a contributor (which is still a valuable thing) and yet you may not know anything about coding. Someone who creates a new issue in the repository also receives the contributor tag but won't appear in that list.
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The protocol allows you to call blockchain.block.header(height, cp_height=0) with a block height (index) and get the 80 byte header as bytes. The 4 bytes from 68 to 72 are the block's timestamp in little endian order.
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I think having more than one Crypto influencer like him isn't bad at all
You mean people with little to no understanding of the technology who have spread misinformation about bitcoin in the past? Definitely not. Having such people influence the minds of masses is not just bad, it is the worst thing considering these days people are brainwashed very easily after reading nonsense on social media.
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Bitcoin continues to decline, what causes it?
Do you guys have no access to a chart that you have never looked at one? If that's the case then here is a good link that you can see charts in: https://bitcoinwisdom.io/markets/bitstamp/btcusdJust set the interval to 1 day and you can see that for the past 4-5 months there has been no "decline" whatsoever. Price has been going up and down in pretty much the same range (from $35k to $45k). Nothing needs to cause it, this is what accumulation phases in bitcoin have always looked like.
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Once after this price of bitcoin have bounced reaching $40150 from the price around $39300.
Why are you trying to create a link where there is none. Bitcoin price has been flirting with $40k resistance for a very long time now and when it goes a little below it and then recovers by going a little above it, this weird trend has nothing to do with irrelevant news such as what some billionaire did with some social media platform!
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It's actually a pretty big topic in legit altcoin projects, which try to implement Satoshi's original '1 CPU, 1 vote' idea as stated in the whitepaper:
This is a simplification of explanation not a promise. It is not like ASICs were invented after bitcoin invention. They existed ever since 1967. Not to mention that having ASICs or even a ASIC farm doesn't centralized mining as long as these farms are distributed around the world which they are. What centralized mining (even if you can only mine it using CPU) is when majority of hashrate is controlled by a handful of people. This has never happened in bitcoin (ignoring day 1 of course when it was only Satoshi and a couple of others mining blocks).
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~ El Salvador is a good example because we can see how early hype in that nation occurs and how it disappears months later. It is more easily for their citizens to accept Bitcoin in early days that combined with the bullish market. Who don't like to receive Bitcoin and months later, it has a double value. Oppositely, it is less acceptable for them (as non-Bitcoiners) to take Bitcoin from customer payments and months later, its value is halved.
There are minor proportion of their citizens successfully converted from non-Bitcoiners to Bitcoiners by legal tender in that nation. I am not optimistic but I believe it's just a minority of El Salvadorians have become Bitcoiners in last 2 years.
To be fair part of that hype was because they were giving away free money to anybody who downloaded and used their closed source centralized wallet. I think it was $30 and considering the exchange rate and low cost of living there, it was a sweet deal. I think some more years have to pass before we can look back and make a good conclusion. So far we aren't impressed.
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What would the world be like if more developing countries and 3rd world countries adopt bitcoin and begin trading each other using bitcoin?
It is a bit complicated in my opinion. On one hand we have bitcoin that this kind of adoption (real adoption as currency not just a speculation tool) is good for and it can benefit these countries as they lack some infrastructure specially in their foreign trades. It also creates more incentive for more countries to do the same. But also the volatility is somewhat hurtful when bitcoin is used for trades in large scale. I'm very curious about how they are going to deal with it. These countries usually have other economic problems that makes it hard to see what the real effect of bitcoin adoption is going to be in their country. On the other hand what you said could be a little dangerous for those countries. We know that anybody who has ever thought of dumping US dollar has been canceled throughout history. Because simply US dollar and economy is big but one of the weakest since it is not backed by anything at all except some weird faith in this currency that started after WWII. When more countries dump USD, the US economy could go under specially if US dollar continues tanking. Take El Salvador for example. It is a tiny country with one of the weakest economies in the world that doesn't even have its own currency (their national currency is US dollar!) they didn't dump USD, they just added an additional option called bitcoin. Suddenly previously known democracy is no longer referred to as a "democracy" by the propaganda machine known as media and there are mass protests for no reason in El Salvador against Bukele government!!!
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There isn't a single doubt that Binance and any other centralized exchange is handing over their entire user data to governments, note that it is plural and is not just Russia. They have never hesitated in doing so either. You think the dictators in Canada or US didn't receive detailed activities of all their citizens specifically the protesters that had an account on Binance or any other CEX? Why is Binance making headlines once again for the wrong reasons?
Is it Binance in the headlines or is it Russia in the headlines? I think it is the later. If they can hit two birds with one stone (bash Russia and bitcoin at the same time) they won't hesitate.
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