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641  Other / Off-topic / Re: Open questions technology is yet to solve on: October 31, 2022, 09:48:59 AM
How to build a Decentralized System of Reward and Problem Solving that guarantees appropriate rewards to problem solvers in unfair Societies/Communities. By problem solvers, I mean those who develop useful solutions to problems without creating more problems.

If this can be done right, you could have lots of people moving back to doing good works they are talented in and enjoy doing. The decentralized system will end up developing a society/community full of people serving the roles they were created for instead of the current dysfunctional system where the legs currently serve the roles of hands, ear serve the role of eyes, mouth the role of nose, other body parts the role of head etc
642  Economy / Economics / Re: Fiat in trouble on: October 28, 2022, 04:28:41 PM

..A fiat currency such as the dollar, euro, pound or even the yen is a trusted medium of exchange or legal tender issued by a government or recognized authority.
 As it is, the value of the fiat is collapsing and as it's not linked to a physical reserve and has no intrinsic value unlike gold and silver, it has the tendency to disappoint.
...

Intresting irony.
The simple truth is that they should not be trusted because they will always fail. You only trust something that cannot fail or wrong you. Fiat currencies would have to be perfect in order not to fail you but they are not perfect hence must not be trusted

 Their collapse is a proof why they should not be trusted.

643  Bitcoin / Bitcoin Discussion / Re: Largest public traded Bitcoin miner- Core Scientific in critical condition on: October 28, 2022, 02:49:02 PM
As per the news everywhere.

Largest public traded bitcoin mining company in USA became huge loss.  Unable to pay debts and move to bankruptcy. So this might be a warning that cost of the mining unable to cover from the current BTC price.

world economy is in a danger. specially Proof of work BTC needs high electricity power to run hash. this might be warning to other mining plants across the world.

Specially , unnecessary cost needs to cut down, not go for high end renovations , pay the creditors on time and debt restructure accordantly.  


Bitcoin is well built to handle many issues like this. It very resilient and anti-fragile system.
A mining farm going bust somewhere does not affect it in anyway. Difficulty will adjust if the company stops mining, and the remaining miners will earn more Bitcoin.
I hope this actually discourages huge mining farms and encourage mining pools instead which improve decentralization. Small or medium scale miners from all over the world (esp in cold regions) pooling together resources to mine, earn and share rewards is better. One of the main reasons it is better is that they can use the miners to heat their home during winter or for other multiple uses while mining Bitcoin. That should help them remain profitable when bitcoin isn't high enough for them to sell.
Proof of Work mining is part of what makes Bitcoin very secure.
644  Economy / Economics / Re: Entrepreneurs vs Solopreneurs on: October 28, 2022, 10:24:05 AM
No one can be recession-proof unless he/she is independent of the system that suffers the recession. It's an interconnected system like a human body. If the body is sick all the body parts suffer it together. However those who planned ahead of time would suffer less from the recession .
645  Bitcoin / Bitcoin Discussion / Re: Elon Musk is one of the keys to be 100k$ per Bitcoin? on: October 27, 2022, 03:13:31 PM
He actually needs alot of Power (not lots of money) to be able to do that. Such power can be accumulated over time with honesty and good reputation obained while working or solve problems. .  
The truth most people aren't aware of is that money is as valuable as how it's earned. 10btc is not equal to 10btc. If you have 10btc you deserve, it's worth more than 10btc of another owner who doesn't deserve it. The one who deserves it will move the market more.
Beware of false price movers. Some would guess when the price will move and pretend to be the ones behind the movement when it moves. Others would attribute price movements to some other things that aren't really behind the movements. I have observed this several times.


You could also move the market (without money) by solving bitcoin related problems properly.

*These are part of the mystery of Bitcoin price movement.
646  Economy / Trading Discussion / Re: In-Person Bitcoin Exchanges on: October 27, 2022, 01:15:00 PM
Hi guys,
My first post here. I've notived a few retail stores in Toronto which pretty much buy/sell your bitcoin in person. Charging a 5% rate.
Has anyone had any experience with these types on in person exchanges? From a business perspective are they lucrative? It's an interesting business model as you can also teach crypto in your community. However, I am unsure of the safety of random people walking in your store...
Any input would be appreciated, i would consider such a venture as long as it falls in legal terms.


Someone does similar thing in her store close to where I live, but I'm not sure how much she charges. She acts as some sort of mini bank by helping people transfer both fiat and bitcoin currencies to their wallets and to other people/businesses. I think she must have been licensed by bank to be able to provide the fiat currency transfer service which likely does not cover Bitcoin.. This shouldn't be a problem as long as she has the right ToS for the Bitcoin transfer that her customers need to read and agreed to.
647  Economy / Economics / Re: Can A Redesign of A Countries Currency Note Improve Its Economy? on: October 27, 2022, 10:37:22 AM
In recent news, it is the plan of the Nigerian government to redesign its currency notes. I don't know why such a project at this time is even mentioned, because other worst case scenarios that require redesign is left abandoned or nearly abandoned in total.
My thoughts is on how such a government at these time of flooding and inflation would think that by redesign the currency, such issue will be the remedy to the countries huge debt margin or natural disaster ongoing.
Do you think the effect of redesigning the nations currency note will be of benefit to the economy and nation at large?
Let's discuss!

https://nairametrics.com/2022/10/26/cbn-redesign-naira-notes/

I remember reading about India redesigning her own to curb corruption and get people exchange their old designs that may be stashed or hidden somewhere for the new. I guess that is part of the reason certain governments occasionally redesign their own.
Fortunately for countries like that("third world" countries like Nigeria) , much of their people depend less on government. They are typically their own government, providing their own water, security, electricity, housings, roads etc. They hardly depend on government and its debt. They mostly run their own business and own farms... all these put together are supposed to add to cost of living and cause inflation, still their produce are relatively cheap compared to places that are highly dependent on government.
In regards flooding, I guess you may see disasters like that more in modern areas. They are usually man-made problems like blocked drainage system, dirty gutters, building on natural water ways, etc. It's mostly the symptoms of modernity. The modern world should work hard to keep the environment in order and learn to be independent of governments like people in countries like that who are hard to control or centralized through dependency. I have noticed how they easily create their own mobile/decentralized alternatives when the centralized system is impose on them.

Becareful copying the modern world. If you have problems with inflation, economy or flooding, you could go and live in rural areas or orderly places with less government Presence. Things produce by the locals should be cheap there. By the way, their economy is hugh and self-sustaining but the modern world don't always recognize it and may call it "informal" or something like that
648  Other / Politics & Society / To Russia and Ethiopia, why negotiate with the ones you called Terrorists? on: October 26, 2022, 05:07:18 PM
I still find it hard to believe that with all the powers you have been given to do what is right you are still willing to negotiate with people/things that kill and continue to kill innocent people.
Note that have no problem with the terrorist tag used on people who deliberately attack innocent people. They are supposed to be arrested and punished rather than negotiated with. You tell them things they must do, if what you tell them are right they won't disobey otherwise they will be punished and you will witness this happening. This is the use of the power and authority that have been given to you which your opponents don't have. You are trying to make them feel important whereas the truth is  they know they don't have that much power and authority. Do what is right and stop listening to the enemy or I will do your job for you to end the terror and shedding of blood.
I'm quite pleased with what is happening in Ethiopia, unfortunately the government is trying to negotiate with the one it called terrorist mainly because of pressure from outside forces with hidden agenda. Ethiopia seems to be doing its job fairly well but it somehow want to negotiate with the the group it has already defeated. Isn't it strange?


649  Bitcoin / Bitcoin Discussion / Re: May we have 2 independent networks? on: October 26, 2022, 09:18:47 AM
Issue like this has been looked at in the past, solutions were developed, one of which is based on sidechain/multi-chain (PoW) Networks. Once a chain in the multi-chain Networks lost connection to the rest of the Networks or is detached from the rest of the world, it can continue to function in its local environment as a single blockchain with its own token and still have the ability to exchange existing bitcoins in the local blockchain with local peers. I think the price of the local bitcoin will vary from the rest of global market depending on how much the split networks value it.

The split network can rejoin the rest of the global multi-chain networks (when connection is re-established)  and continues to exchange its bitcoins with the networks, or it could exist as a separate network within the multi-chain networks with its own token (or colored coin).

In such multi-chain networks, it's best to store your coin in the local blockchain you control and can easily run as node. If you detach your blockhain network from the rest of the multi chain networks, your chain/node can continue to function and exchange token/bitcoin with your local peers.




If that happens to this current Bitcoin Network, Multiple Crypto networks would eventually be created.  But I think there will be alternatives means for people to exchange and verify bitcoins with established international Bitcoin Networks. For example radio frequencies, via sms etc
650  Bitcoin / Bitcoin Discussion / Re: Why is deflation considered to be an admirable feature of Bitcoin? on: October 25, 2022, 10:38:30 AM
Bitcoin: A Peer-to-Peer Electronic Cash System

6. Incentive

"Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free." - Satoshi Nakamoto



Given that we've seen other cryptocurrencies & blockchains that have inflationary models still "succeed" in the sense of having transactional value, why is deflation considered an admirable feature of Bitcoin?

In virtual world economies we know that closed supplies inevitably lead to mudflation, unsustainable pricing, and rampant speculation (Koster, et al).

How much did the deflationary model contribute to Bitcoin's shift to store-of-value?

Was the whole premise of starting Bitcoin under a deflationary model based on an economic fallacy in the hopes it would encourage valuation?


The deflationary feature really helps preserve the value which makes it a good Store of Value. It's a fair model unlike fiat currency like dollar which typically loses value overtime due to its inflationary model. Not a good idea to have someone put his/her  "life saving" in dollar long-term as the saving will lose value and won't be able to buy what it normally would buy when the money was first saved... That can be considered cheating. Satoshi certainly don't want that to happen to Bitcoin and it's long-term holders hence the deflationary feature. The feature makes Bitcoin a good Store of Value compared to inflationary currencies.

By the way, Bitcoin could likely become so divisible that printing more will be unnecessary. If demand becomes too high in the future it becomes more divisible.




.
651  Economy / Economics / Re: Printing of money doesn't make a country rich but to diversify like a person on: October 25, 2022, 10:02:44 AM
A country could do well by giving the printed money to those with high chance of success in their field of endeavors. They should be those who will use the printed money wisely/prudently by investing it businesses that do not cost more than the solutions they provide. And the problems the businesses seek to solve should be serious problems that are in high demand of solutions. This should somewhat increase the likelihood of the business paying back the printed money.
652  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Censorship be the end of the Ethereum Network? on: October 24, 2022, 10:15:36 AM
With the recent issue with Tornado cash and some other users complaining about transactions being censored over the ethereum network we are seeing a wide range of problems coming in. Apart from this behaviour being everything that Satoshi did not advocate for, it goes against all the principles that cryptocurrency stands for. Well, for me Eth died back in 2016 with the DAO event and with the recent events and the POS fork and see it as dead.

Of course that even so, Ethereum is still the leading network but slowly developers are turning to alternative networks, so the future of ethereum may be compromised.

What are your thoughts on these recent events? And what project do you guys believe could surpass Ethereum?

Well, once it's no longer censorship resistant, it's no longer decentralized because much of the cryptocurrency ideals like censorship-resistant, immutability, true public consensus, etc work handinhand. If one is compromised or weakened the network becomes centralized and less secure.
PoS is anti- decentralization and should never be encouraged by any right thinking person. It helped in turning the network into zombies and could actually be considered dead/dying. So, it's best to use it with what you can afford to risk, or avoid completely.
653  Bitcoin / Bitcoin Discussion / Re: My Bitcoin and crypto currency experience. on: October 24, 2022, 09:46:27 AM
True cryptocurrency like Bitcoin has nothing to do with the so called new world order as it runs contrary to the order's agenda. It's is a freedom currency/system that will serve as alternative to centralized currencies/systems and for those who wish to escape what the New World would bring. The only way it can be a New World order system or currency is by centralizing it which is almost impossible to do by those who wish to centralize it... Not that it can't be done but Bitcoin has been chosen by the wise ones and Bitcoin master to be a system that's used to save humanity in chaotic and tyrannical world.

In regards to my experience, so far(since it was captured) so good.

654  Bitcoin / Bitcoin Discussion / Re: Would Bitcoin Survive A Nuclear War? on: October 21, 2022, 01:45:47 PM
It's designed to mimic life itself which will continue to replicate even if much of the living things are dead. If much of the nodes get blown up, the remaining will replicate gradually unless there is zero change of life surviving on Earth.
So, even if you have one or few nodes remaining and earth is still capable of sustaining life, Bitcoin will continue to exist as long as there is need for it. If knowledge and skills to create technology no longer exists, there will probably be no need for Bitcoin
655  Other / Meta / Re: What is wrong with this? Can it be considered a signature? on: October 21, 2022, 10:53:47 AM
What is wrong in having link texts (text with links) at the end of a topic you created with a demarcation between the link texts and the body of your main post, plus using distinct colors for the link texts and making them bolder than the main post? Can you consider the link texts a signature if the posts the links are pointing to are relevant to the thread you created but not part of the topic hence the demarcation, or what if the link-text posts can be useful to readers when they read the main post?

There's a rule against posting a signature in your post if it's done repeatedly. If it's done once then it's fine,...

Well, I post some bitcointalk forum links once in while, when necessary, under my posts. I do this especially when I feel people will be confused without them.

I searched for the meaning of Forum Signature, I guess you should do too. If my colored links qualify as signatures then what stops my "Related Posts" links in plain texts which I also use occasionally from being reported as signature?  I wonder if certain threads I created can do without them. I think there should be clear definition of what signature means, so my related posts don't also get reported as signature.


656  Other / Meta / Re: What is wrong with this? Can it be considered a signature? on: October 21, 2022, 09:54:45 AM
Interesting replies but I'm still waiting for satisfactory answer/answers.

Can you call such text links Signature?
By the way, the idea for the text links came when I decided I will be putting out bold warning below posts I made if I'm wearing betting signatures. The warning will be demarcated by a line and their links will be pointing to guides for qualify bettors to bet right and responsibly
657  Other / Meta / What is wrong with this? Can it be considered a signature? on: October 21, 2022, 09:25:01 AM
What is wrong in having link texts (text with links) at the end of a topic you created with a demarcation between the link texts and the body of your main post, plus using distinct colors for the link texts and making them bolder than the main post? Can you consider the link texts a signature if the posts the links are pointing to are relevant to the thread you created but not part of the topic hence the demarcation, or what if the link-text posts can be useful to readers when they read the main post?

You see, one of the reason I don't like signatures so much is because of the possible lack of feature that allows forum members to turn-off signatures for certain threads they are not relevant/appropriate in. I prefer to wear signature that only display in all/most of my post they are relevant in. For example, I don't want to create topics about something that belongs in "Politics & Society" Section while having Irrelevant Betting Signature appearing below the posts... Or irrelevant Trading Signature under a Faith-based posts, etc. So, I think parts of the solution is to have the option to turn-off your signature for such posts, or options to switch to another signature that are relevant to the post incase you are promoting multiple signatures that are meant to be displayed one at a time.
There are links i was sharing as signature (the typical way people display signatures) but I stopped sharing them in that way because the were not displaying properly and I don't like them appearing on threads they are not relevant in. So, my solution to such issues is to include the links in my posts (only relevant posts) rather than placing them in the signature box/section and having them appearing in all my posts.  Do you see anything wrong in this? If yes, what exactly?
658  Economy / Speculation / Re: It's about time the price is moved up on: October 20, 2022, 03:56:04 PM
Who is bitcoin master that you talk or are you the one? You are writing in confusing language not to allow for understanding of your post like you are on a mystery post. Who is to stop bitcoin or to help in the increasing? Inform us on the person as you are speaking in confidence like you know something that is to happen with bitcoin price. Did you see tommorow ? Are you Michel de Notredame (Nostradamus) ?

Can you handle the truth if you know who he really is? Someone wrote a Book called Mastering Bitcoin but if another who has mastered Bitcoin says I have mastered Bitcoin, don't you think weak people could get mad at that person for daring to say the truth? Bitcoin master don't want to be revealed partly because he is conscious of such people and the spirit of jealousy that could use them to create problems here.

Bitcoin serves Bitcoin Master... he rules over Bitcoin and Bitcoin obeys him.
Rather than serve money, money serves Bitcoin Master.
659  Economy / Speculation / It's about time the price is moved up on: October 20, 2022, 09:58:34 AM
So far no one has been able move the price of Bitcoin from its current level ($19,130) to new high. Bitcoin master has waited for sometimes to see if anyone is strong or wealthy enough to move it up above $22—$23,000 after he allowed the price to fall from its $25,000 high it was moved to.
Now, if the price start moving up again from now onward, I expect every honest person to know and recognize why it's really moving.
By the way, did you notice that the price moved below 19,000 few days ago? If Bitcoin master had stopped supporting the price it would have moved way below that price. The word "decentralized" in one of his posts changed everything and brought the price back to 19,300 from 18,350 or so. All this power to move the price however he wants is impossible without our CREATOR. So all Glory goes to HIM alone.


I have offered people the opportunity to benefit from this price movements but only very few people accepted. I will be managing them to ensure that they are always profitable. For those who are yet to indicate interest, you can still benefit from the price movement from now onward especially when you see me posting about things related to Bitcoin and crypto in general, but you may not be able to know when to sell as that will be reserved exclusively to those I'm managing. But here is a hint: once the price is moved to a record high and you notice I no longer post Bitcoin related things, you may need to be careful with your investments because Bitcoin master may allow the price to fall in order to help those he manages buy back again, and this will likely be repeated always until there is a good development in Bitcoin/crypto space that's enough to break the resistance and move the price to another new high.


Related post:
How Bitcoin price is moved without money https://bitcointalk.org/index.php?topic=5396744.msg60008904#msg60008904
660  Other / Off-topic / Re: Ai and bots laws and govs now and future on: October 19, 2022, 02:33:43 PM
Ais bots Are our future.
But they allready run the world they calculate population resources and everthing.
Global decisions and laws not Made by humans anymore but the ai-s and bots.
Thats why we see less and less humanity and love in the world but only cold calculations of the sustainebility.
No wonder that covid19 was created by the ai and bots bots executing the orders but ai-s learn and try to think Like human also they can calculate human emotional stages and they can see ahead risks.
In other words its like chess game you against computer.
The world is pretty much like the last movie "M3gan robot Barbie doll "
The world is owned by ai-s and robots

Such things are mostly expected in artificial world. They fail miserably in the natural because they don't control it. They only try to predict nature but our CREATOR is above them if they try to use it to their advantage especially by trying to go against the Will of the CREATOR or trying to harm HIS Children.

In regards to the underlined, people should try as much as possible not to be controlled by the system. Be more independent of it and it will be hard for them to predict you. Beware and be conscious of monitoring devices that constantly observe you in order to understand & predict. Don't assume they are not monitoring if you don't have the devices around. They could be up there in the sky, on tall buildings, network mask or tall things in general.

The monitoring devices & ai are part of the matrix and have been in existence. It's an interconnected system trying to mimicking the natural/spiritual system which most humans are not aware of. If they do, they will be shocked how blessed humans are,and will understand how insignificant the artificial world they built is.


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