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681  Bitcoin / Bitcoin Discussion / Re: The PATRIOT Act comes to cryptocurrency on: November 26, 2023, 01:43:38 PM
I have not read the full thread yet, and will catch up on this over the next few days.

In the meantime, I can't refrain from mentioning that there is an impressive number of privacy oriented projects in the crypto space, which is the way to go.

Including DEXes, SC platforms, mesh networks, naming systems, etc.

Currently I am wondering if this is a forum for a real discussion or if there are Maxi Mullahs already adapting their heresy Fatwahs against all that is not BTCBTC that may appear in the discussion...

There may be an impressive number of privacy-oriented projects, but they're still the minority. We can blame mainstream governments for that. Their misinformation and false propaganda have led people to believe that obfuscating their transactions is a very bad thing. Shutting down centralized mixers, and going after non-custodial mixers by sanctioning it  tells us governments really don't want people to get true financial freedom and privacy. By enforcing KYC across all centralized exchanges, they hope to control the on/off ramps between the crypto and Fiat worlds.

All we have left are DEXs and P2P exchanges. You will end up paying a higher premium by using these alternatives, but it's worth it. Especially when you don't need to provide your personal info to use them. If governments' efforts are rendered useless, they might "ban" crypto altogether. There's no reason to be concerned about this, as long as decentralization wins in the long run. Wink
682  Bitcoin / Bitcoin Discussion / Re: Is It Late To Invest In Bitcoin? on: November 26, 2023, 01:35:25 PM
Why does it matter to you how much one unit of Bitcoin costs today?

If you think the fundamentals of Bitcoin are solid, it will be more valuable in the future compared to today.

How much fiat would you have paid in 2010 for Bitcoin? just buy that amount today.

People are just paying attention to market prices to make a quick buck. They're not into Bitcoin because they believe in it. I'd say utility goes above all else. Satoshi made Bitcoin a peer-to-peer electronic cash system without middleman, and so far, it's been working as intended. We let "Wall Street" get into the revolution, and now the majority considers Bitcoin an investment instead of a currency. While it's likely BTC will rise in price over time, we should expect the Blockchain to become heavily-congested due to increasing mainstream adoption.

Things aside, I believe it's still early to get into BTC, especially when its market cap is a lot smaller than Gold's. There are many people around the world who haven't used or heard about Bitcoin before. Once we include everyone in the system (or almost everyone), BTC will never be worth current market prices ever again. Maybe you'll get lucky by holding onto it before this happens? Grin
683  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: November 26, 2023, 01:30:07 PM
Payment processed. sorry for the delay.

No prob. Payment has been received. Thank you! Cheesy
684  Alternate cryptocurrencies / Altcoin Discussion / Re: Government's actions against crypto on: November 24, 2023, 12:06:50 PM
Well, decentralization is a big threat to the government. And since bitcoin is decentralized and some other cryptos as well, then they make sure to impose on the people to stay hands-off on cryptos as whatever transactions will be hardly monitored and controlled by them. And the easiest way to prevent the people from hodling cryptos is to ban crypto for good and create sanction to those who are caught using it.

But people these days are wiser. If they can't access their cryptos publicly, then they'll do it privately and secretly. After all, the government won't be able to accuse them without clear evidences against them.

That's certainly true, mate. It's crypto's decentralized design which makes many governments furious. Even those that are embracing it (like the US and UK), have placed some restrictions/limitations to prevent Fiat currencies from losing ground. Would you imagine if people started ditching Fiat in favor of crypto? It will minimize governments' and banks' control over the economy.

What governments want is to tax crypto for their benefit, but not to take over the existing monetary system empowered by banks. I've heard that even governments with a "full blanket ban" like China and Russia are using crypto secretly. They don't want people using it, except for them. It's all hypocrisy. Expect crypto to remain in a contentious position against mainstream governments for as long as it lives. As long as crypto stays decentralized, nothing else matters. Just my opinion Wink
685  Alternate cryptocurrencies / Altcoin Discussion / Re: Can NFTs last forever? on: November 24, 2023, 12:00:03 PM
NFTs ain't going nowhere, but all this hype around them probably gonna die down eventually.  They got folks all excited now, but that new car smell gonna wear off after a while once people figure out what's really good and  it's like anything new that pops off - mad hype at first that kinda balances out later.  But hey, even with less noise looks like plenty folks see some value in NFTs and are learning how to work that space.  As long as they find their lane, NFTs can stick around. 

Overall I'd say NFTs here to stay in some form, but won't always be blowing up the internet like now.  Things change.  But for real some of them NFTs is straight up jokes.  People paying for that? Come on now.  Anyway, point is itll mellow out but still got utility if you know how to use it right.  Crypto gang gonna keep doing they thing either way.

I can tell the hype is dying by looking at the market. NFT sales have declined considerably over the course of the year. We don't see JPEGs (images copied from the Internet), gaining traction anymore. A good thing, because those kinds of NFTs were complete garbage. Now there's a lot of buzz surrounding Bitcoin Ordinals. These NFTs are congesting the BTC blockchain as we speak (resulting in higher fees than usual). Even Polygon is seeing a surge in gas fees because of the Ordinals hype. Without real utility, I think this will eventually fade away into oblivion.

If NFTs are here to stay, developers are going to need to make some improvements. An NFT whose content is stored on a centralized server can easily disappear in an instant. Creators need to use a decentralized data store (IPFS, Arweave, etc) to truly make NFTs persistent. This is only an issue for ETH and similar blockchains. With Bitcoin, Ordinals stores the data on-chain (someone correct me if I'm wrong). But this comes at a cost of increased network bloat/congestion. The NFT industry is just starting to blossom, so I'd give it more time to mature to see what happens. Who knows what the future will bring? Smiley
686  Alternate cryptocurrencies / Altcoin Discussion / Re: Promising altcoins? on: November 24, 2023, 11:50:32 AM
In my opinion, Ethereum, Binance Coin, and XRP are the most famous altcoins in the market. If you have large capital you can invest in all three. However, if your capital is small, you can choose one of them because both ETH and BNB are altcoins that have been tested on the market that can provide satisfying benefits for us.

Binance Coin (BNB) is struggling to reach higher market prices due to pressure from US regulators. The recent events surrounding the departure of CZ as CEO and a $4.3B settlement to the US Department of the Treasury are having a bad impact over the cryptocurrency's market price. Short-term speaking, BNB will decline while other coins will remain in the "green zone". If the company avoids another situation like this, then it's likely BNB will reach a new ATH in the future. But it's a wild guess, considering that the crypto market often behaves in many strange and bizarre ways.

Investing in altcoins is like a gamble to say the least. You'll never know if you'll "hit the jackpot" or become "rekt" in an instant. Even ETH's a risky investment with its increasing level of centralization. I'd suggest you diversify your investment to play it safe. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Wink
687  Alternate cryptocurrencies / Altcoin Discussion / Re: Do You trust Tether (USDT) Stablecoin? on: November 24, 2023, 11:31:09 AM
As long as your funds aren't coming from shady sources, I would call you a normal user  Tongue

Yea, it's similar to traditional banking but there are some pros here like you can exchange easily to or from usdt/usdc without kyc (on instant exchanges/dexes — if cexes require kyc), and also no worry even if you convert huge amounts unlike in banks where if it were $10k you'd be asked whereabouts it came, why are you withdrawing, etc

Indeed. Tether has only been blacklisting address belonging to criminals. I haven't seen or heard of a case where an average person gets his/her USDT funds frozen for an unknown reason. I know PayPal will do it with his stablecoin (PYUSD), especially when the company uses to freeze or restrict customers' PayPal accounts at will. Stablecoins like USDT and USDC are a much safer bet. If you want to avoid KYC, buy/sell USDT through a DEX. As simple as that.

I wouldn't be surprised if someday the US government requires stablecoin issuers to comply with KYC at the protocol level. That would mean altering the smart contract code that would require users to verify their ID before getting access to it. If this happens, then Tether and other centralized stablecoins will lose ground big time. I'd prefer a decentralized stablecoin anytime because of the benefits it provides. If only DAI had bigger liquidity and an ecosystem as large as USDT's, the majority would've moved to it already. At least we have a choice. Who knows how long will Tether last? Grin
688  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bnb after next 5years on: November 24, 2023, 11:22:06 AM
With the recent propaganda that happened with binance and CZ, I would like to argue about the future of the BNB coins although I would say BNB has always been my choice when it comes to paying for so many things online but the purpose of saving I won't really count it a choice I would prefer over the USDT and that's because of the rate at which my country currency devalues so fast against the USD, over the few months if I had held some USDT I would have gotten some profits from it, at least double of the money I would have used For the investment.

There's a lot of negativism surrounding the departure of CZ as Binance's CEO and the $4.3B settlement. But I don't think it's the end for the world's largest crypto exchange. This is a lesson for the company to improve its KYC/AML methods. The recent events will force Binance to leave the US market (unfortunately), but it will manage to gain traction with other countries. Especially those that are extremely-friendly towards crypto/Blockchain tech (UAE, Hong Kong  El Salvador, etc).

I believe this is the perfect opportunity to accumulate BNB before it turns bullish again. Prices are pretty cheap compared to ETH. Not to mention, gas fees are a hell of a lot cheaper on BSC than leading chains such as ETH, Polygon, and even BTC. Binance's new CEO (Richard Teng) must do everything in his power to help restore the image of the company. Otherwise, Binance will collapse. The future is uncertain, so expect the unexpected. Maybe BNB will go to $1k within the next 5 years? Cheesy
689  Bitcoin / Bitcoin Discussion / Re: Bitcoin mixing is NOT money laundering, per se on: November 22, 2023, 09:21:42 PM
No. Bitcoin is fungible. There are no dirty coins, there are only people claiming they provide a service which can de-anonymize the blockchain to an extent, and which is evidently inaccurate and based on utter guesswork.

You're wrong because bitcoin's fungible that's the way Satoshi created it. Bitcoin's got nothing to do with identifying dirty or tainted coins on the blockchain. Bitcoin was created as fungible that can't be denied but if we're talking about govts wanting to control crypto by regulating it's a separate point.

Yes. That's what I've meant. Please excuse the typo. If each Bitcoin were non-fungible (unique), it would be a hell of a lot easier to identify tainted coins. With BTC's current state, governments can only guess which coins belong to whom and where. They've censored centralized mixers hoping people don't get access to privacy.

Would you imagine if developers added ZKPs or other privacy technique to Bitcoin? That would create a lot of controversy, possibly resulting in mass delistings from mainstream crypto exchanges. With institutional investors getting in the game (Blackrock, Fidelity), it's best to keep Bitcoin as is. If you want privacy, just use a non-custodial mixer or a privacy coin such as Zcash or Monero. Lets hope BTC stays decentralized forever. Wink
690  Bitcoin / Bitcoin Discussion / Re: Bitcoin mixing is NOT money laundering, per se on: November 22, 2023, 07:00:45 PM
taint is a term even early adopter/dev bitcoiners use for the UTXO path back to its proven creation (coin-reward).. its a real thing.
even back then discussions were said about "blacklisting" "colouring" "tracing" coins

its actually part of the audibility of bitcoins open ledger, that each bitcoin has a origin/spending path

taint existed before mixer/obfuscation services existed
taint existed before any chain analysis company started operating
taint existed before any government cared about bitcoin

yep "taint" has been a buzzword in bitcoin for 12+years.. is not something the government invented

Bitcoin is not fungible, so dirty coins can easily be identified on the Blockchain. The transparency of BTC is not a bug but a feature. It's a great way keep an eye of the flow of transactions on the network. This can help detect malicious actors on-chain. Addresses don't have an ID linked to them, so there's no way to tell the coins belong to you unless governments use surveillance/analytics tools. Using a new address for each transaction, avoiding centralized exchanges, and using a mixer would be your best best to help protect your privacy.

Unfortunately, it's hard to remain anonymous when regulations are becoming stricter by the day. There so many limitations aimed to make your life impossible. Governments have done their part by shutting down as much centralized mixers as possible. The public now believes mixing is a very bad thing (thanks to government propaganda and misinformation). Non-custodial mixers will survive, but they will only be used by a small number of people. Expect privacy on Bitcoin to be a contentious subject for a very long time. No one can predict the future, so lets hope for the best. :/
691  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a “safe haven asset” on: November 22, 2023, 06:55:18 PM
This would make bitcoin more secure and could compete with gold in terms of safety, but if it became stable would it still be attractive? I mean, in addition to benefits like privacy, decentralization, volatility is one of the characteristics that makes bitcoin more attractive than other assets. Do you admit that you and I and most people are still here because of the profits that bitcoin brings? So bitcoin becoming stable is not necessarily a good thing and I don't think many people will like this.

Gold is relatively stable, yet it is an attractive investment because of its store of value properties. The precious metal is scarce, and often used in jewelry. Bitcoin is also scarce, but has an advantage of being portable and censorship-resistant. It also exists in physical form (technically by placing keys on a physical coin or piece of paper). I think it has a high chance of surpasing Gold's market cap in the future because of the benefits it provides.

The world isn't used to BTC yet, especially when it's only 14 years old. Give it some time, and you'll see it recognized by many as a "safe haven asset". The first step towards mainstream adoption is the approval of spot ETFs in the US. Then governments would need to find a way to provide Internet access to those without it. With the world interconnected, the revolution will truly begin. Who knows how long will it take before BTC becomes the "new Gold"? Smiley
692  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bnb after next 5years on: November 22, 2023, 06:52:34 PM
The future of BNB is something to worry about. BUSD will be off the market very soon, what will be the next exit for Binance chain project because some governments are after him. At the moment the blockchain company is one of the best chain in the market and has build such a strong business empire around the brand with many decentralized exchange, top CEX, BNB transaction numbers and the rest

CZ stepped down as CEO due to the ongoing investigation by the US government. They've told the exchange to pay a $4B fine. This will have a severe impact over BNB's market price. It could be either the beginning of the end for the "crypto empire", or all the other way around. It's too risky to get into either BNB or BUSD these days.

So much uncertainty with the SEC drama. Many in the crypto industry are hoping SEC chairman Gary Gensler gets replaced by someone else with a friendly stance towards crypto. Until that happens, don't expect things to get better anytime soon. Who knows what the future holds for BNB? Grin
693  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin looking like sleeping gigant in this bull run season on: November 22, 2023, 02:36:32 PM
While 100% or even 200% in profits may seem like a good deal, we must not forget that litecoin is down 80% from its all time high, so anyone that invested at that level or at least close to it needs for litecoin to grow 350% or even 400% just to breakeven.

So it is natural there are many people that at this moment are doubtful about the potential litecoin may have of doing such thing, and speculate that litecoin holders may face a scenario similar than the one ripple holders had to face during the last 5 years.

LTC is having a hard time reaching a new ATH. I think it has to do with the fact that investors are interested on coins with smart contract capabilities. Just wait until we get a Litecoin spot ETF, and market prices will never be this cheap ever again. It will trigger a massive "pump" that will lead LTC all the way to "Mars". I think mainstream investment companies will do this, especially when Litecoin is one of the oldest and most trusted cryptocurrencies on the market.

The cryptocurrency has a deflationary mechanism like Bitcoin with a limited supply of 84m units. What changes is the PoW algorithm and block time. This allows LTC to process more TPS than BTC itself (which means lower fees and faster confirmation times). In times where BTC becomes overloaded with too many Ordinals "junk", LTC proves to be a cheaper alternative for day-to-day payments. Not to mention, you can enjoy on-chain privacy with Mimblewimble. I'd say the cryptocurrency is extremely undervalued. Maybe one day it will gather the attention of the masses? Cheesy
694  Bitcoin / Bitcoin Discussion / Re: The PATRIOT Act comes to cryptocurrency on: November 22, 2023, 01:22:21 PM
At this point, if you want to trade between two cryptocurrencies, use a DEX. No reason to use CEX for this unless you're chasing pennies.

Onramp - offramp is a bit more difficult though. From what I've gathered, people use Telegram P2P channels for these kind of dealings (gee, this makes me miss pre-2019 Localbitcoins even more).

The thing is not everyone is willing to buy/sell crypto P2P using Fiat. There's the risk of getting scammed/robbed by an unknown person. In some sense, CEXs are safer because you're dealing with a "trusted entity". I guess that's why most people prefer a CEX over a P2P exchange. For crypto-to-crypto trades, DEXs are a no-brainer. They might have a slight learning curve and lower liquidity than CEXs, but at least they don't require ID verification (KYC) to use them.

I really hope we find a safe and reliable way to exchange crypto and Fiat in the long run. Once that problem is solved, there would be no need to use CEXs at all. Tighter regulations = more decentralization and less criminal activity. Who knows what the future holds for the entire crypto/Blockchain industry? Smiley
695  Bitcoin / Bitcoin Discussion / Re: The PATRIOT Act comes to cryptocurrency on: November 21, 2023, 12:31:34 PM
Yup. things are heating up. The travel rule is already in action in the UK. Exchanges have already started seizing bitcoin and crypto deposits if users are unable to verify the source of funds.

https://www.forbes.com/sites/martinrivers/2023/08/31/not-your-bitcoin-uk-crypto-firms-will-now-be-forced-to-seize-some-inbound-payments/
https://www.coindesk.com/policy/2023/10/26/uk-lawmakers-pass-bill-to-help-seize-illicit-crypto/

When you consider that the FCC just voted to takeover all of the internet infrastructure in the US, it's not looking good for bitcoin use in the coming future. The war on Bitcoin is here and it's just getting started.

I hope we can all hang on until the next halving and the next price pump is enough for us to achieve exit velocity and push bitcoin adoption into the early majority phase.

As long as we all keep stacking and moving to cold storage, we should make it but things will get rough.

We knew from day one this was going to happen. After all, governments don't want to lose power/control over people. By introducing these restrictions, they are hoping to minimize crypto's (particularly Bitcoin) dominance in the mainstream world. Blocking deposits by being unable to verify the source of funds is frustrating to say the least. It will make newcomers' lives much more difficult.

Luckily for us, we have DEXs and P2P trading platforms to get in-and-out of crypto without KYC. The only downside is that these alternatives have lower liquidity than their centralized counterparts. You'd also be paying a small premium. But it's worth it considering that your identity and transaction info will be safe from the hands of the government. Believe me, things are going to get worse in the long run with the approval of spot ETFs. It will concentrate the supply of major cryptocurrencies into the hands of a few (mainly institutional investment companies). This means the crypto market will become more centralized in the future. As long as we have decentralized alternatives, nothing should be able to stop the revolution. Just my thoughts Grin
696  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Doge coin everly hit $1? on: November 21, 2023, 12:25:59 PM
I think this coin will not reach 1 dollar, people have already understood the essence of the problem of this coin, and almost no one perceives the tweets of an already famous person who is selling this coin, this meme coin has exhausted itself, people are already chasing technology, I don’t know what the hype is must happen for this coin to soar to 1 dollar.

Not on its own with Elon Musk. But with a prolonged bull market driven by BTC. After all, altcoins (Dogecoin included) follow Bitcoin's "footsteps". If BTC goes up, altcoins will do the same. I'd be surprised if someday developers start burning DOGE's supply to make it scarcer over time. If that happens, market prices will soar all the way towards the "double digits" (or even triple digits for that matter).

For what I know, "meme" coins are a risky investment. If you know how to play your cards right, then Dogecoin can make you endless profits. Otherwise, I'd suggest you look elsewhere. The future can't be predicted, so we can only hope for the best. Wink
697  Economy / Speculation / Re: Can 1 satoshi be worth $1 in the future? on: November 21, 2023, 12:22:43 PM
The more that the BTC price goes up, then more sense it makes to talk about it in terms of satoshis rather than in terms of BTC - especially since it is likely easier for an overwhelming majority of normies to comprehend positive numbers rather than numbers right of the decimal and decimal places... so if bitcoin gets to $100k, then you could get 10 satoshis for 1˘

Exactly. In the future, everyone will be dealing in satoshis. That's because higher market prices will make it difficult for most people to buy bigger amounts of BTC. If the cryptocurrency goes as high as $100m in the future, it's likely a satoshi will be divided into smaller units to avoid paying high network fees. So higher market prices shouldn't be much of an issue in the long run.

I think we're far away from seeing this become a reality as the USD is still the world's reserve currency. Only hyperinflation will lead us there faster than you can imagine. Keep buying and holding BTC, and who knows if you or your kids/grandchildren will become rich someday? Grin
698  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: November 21, 2023, 12:15:42 PM
There are many factors that made or allowed Bukele to bet on Bitcoin. Not every country could easily do that, or let's say not as easily as El Salvador, but I think every politician who does that also takes a gamble. I am not sure how safe Bukele was that he would get elected again or would be safe in his position even if Bitcoin goes wrong for him temporarily, but I can imagine that he was not considering the temporary downtrend of Bitcoin. He might have thought that this will take him straight into the winning zone and he could please the population with Bitcoin presents or something.

El Salvador also had a miserable credit rating and I think Bukele may have seen this investment as a chance to solve problems quickly, which he couldn't have done the standard economic way.  

Nayib Bukele took the bet of making BTC legal tender to help save its country from ever-increasing debt. He hasn't sold a single BTC since he started investing in it. Once BTC goes to "Mars", it's likely El Salvador's economy will recover. Many in the mainstream media are spreading lies that El Salvador is at a loss with BTC, but you can't lose if you don't sell. This experiment will spread to other Latin-American countries as they struggle to keep their economies afloat.

Recently, a pro-Bitcoin politician was elected as President of Argentina (Javier Milei). We're slowly shifting towards "hyperbitcoinization". Who knows if BTC finally replaces Fiat currencies in the future? Just my opinion Smiley
699  Bitcoin / Bitcoin Discussion / Re: Is It Late To Invest In Bitcoin? on: November 21, 2023, 12:11:44 PM
Just a few days ago I researched one such opinion.
Then I saw that the Bitcoin market cap is much smaller compared to the big market cap in the world. Where gold and other markets are in the trillions of dollars, there are only billions of Bitcoins.
I was also surprised to know that,
If 5% of the 800 billion people in the world are rich people, and if those rich people invest 10% of their wealth in Bitcoin, it will be several times more than the current price of Bitcoin.
It is assumed that by looking up the current Bitcoin address
Out of the 800 billion people in the world, only 200 million people have bought Bitcoin and the rest are still left.

So understand that Bitcoin is not late yet, there are still many opportunities in Bitcoin.

Nice observation. A small market cap  means Bitcoin still hasn't reached the masses. Once it goes fully mainstream, BTC will never be "cheap" again. Spot ETFs on the US haven't been adopted yet. I'd say we're early adoptets of the revolution. There's plenty of time to accumulate Bitcoin before the whole world adopts it as an alternative to Fiat.

When you see some governments adopting BTC as legal tender, that's when you know that "hyoerbitcoinization" is coming soon. Even pro-crypto politicians are surging these days (Robert Kennedy Jr, Javier Milei). Banks and the elite don't want you to buy Bitcoin because that means less/power control for them. They will keep spreading FUD to lure away as much people from Bitcoin as possible. Hopefully, decentralization will triumph, making Fiat currencies a thing of the past. Who knows if BTC becomes the global currency many were talking about? Cheesy
700  Alternate cryptocurrencies / Altcoin Discussion / Re: Digital Real Estate: Is it worth it? on: November 19, 2023, 11:35:47 AM
the thing with digital real estate, is the fact that every game devs can make their own digital lands which is based on game lands, then abandon it.
you will be surprised how many actually the so called metaverse game that also have land ownership in game actually just getting out of business.
that'd be a concern if you have some lands which initally was valued few thousand dollars turning out to be absolutely nothing or in other words become useless.
then after that you will figure out that this technology, just being used for speculation, giving too much disadvantage while the benefit isn't really obvious.

If the game was open source or lived within the Blockchain itself, then we would have nothing to worry about. But knowing that virtual land is non-persistent, there's the risk of losing it all in the future. Developers need to fix this if they want "Digital Real Estate" to become a part of our daily life.

Both Decentraland and The Sandbox are promising, but I'm not sure if they will be able to last for long. The industry is still risky to say the least. Just like NFTs where they could lose value overnight. The future is widely unpredictable, so expect the unexpected. Just my thoughts Grin
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