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781  Alternate cryptocurrencies / Altcoin Discussion / Re: Tether minted more USDT. on: December 27, 2023, 01:53:38 PM
Did Tether add more money into their Treasury before minting those USDT?
It is largely believed that USDT has not been backed by USD 1:1 for many years and they've been printing large amounts of this centralized shitcoin from time to time.

If USDT is not backed by enough money in Tether reserves, the stable coin can lose its peg to US dollar.
When it is not backed by enough fiat, it makes it extremely risky. But the thing about this particular shitcoin is that it offers a utility that the traders are using a lot which means it will stay at the exchange rate of $1 very easily.

Considering how the shitcoin market's trading volume has been on the rise over the past couple of months (roughly 6x rise) it is not surprising that they decided to increase the liquidity.

https://coinmarketcap.com/charts/ (see the yearly volume chart)
782  Bitcoin / Bitcoin Technical Support / Re: Does anyone keep an updated blockchain on his airgapped laptop? on: December 27, 2023, 05:35:55 AM
Your question is a paradox in 2 places.

First is obviously the fact that when you say "cold storage" and "airgap" it means absolutely no connection to the outside world. Be it an internet connection or you connecting a USB disk, putting in a CD and regularly transfer files to that system, in which case it stops being "airgapped".

Second paradox is that when you say "cold storage" you are talking about a key storage not a "coin" storage. Which means it is only supposed to store your private keys and not your coins to know the balance. In fact I'd argue that the client should not even show a balance box in UI. Instead it should show you the number of private keys/addresses that the wallet holds.
783  Bitcoin / Electrum / Re: how to generate a lot of adresses on electrum on: December 27, 2023, 05:26:30 AM
100 - 200 adresses
Just want to add that you should know Electrum is not efficient enough when the number of addresses start growing too much. If really want a lot of addresses and also want to significantly improve your privacy, you'll have to run a full node that has a better way of handling the wallet.

also i want to know if each private key can generate multiple adresses or not and if id does does that mean each of those
If you are referring to an individual private key, you can derive three types of addresses.
It should be noted that even though different addresses (more than 3 if you count uncompressed pub keys and multi sigs and taproot, although some are not supported in Electrum) can be derived from the same key but as far as privacy is concerned, these are all the same and are provably linked.
784  Bitcoin / Electrum / Re: why electrum split my transaction to multiple inputs on: December 27, 2023, 05:16:35 AM
That's because Bitcoin does not work based on your balance but instead based on UTXOs aka coins you've received.

In this case it is more like physical cash. For example if you receive 5 bank notes ($10+$20+$20+%50+$1), your (physical) wallet that you keep in your pocket will have to hold 5 bank notes. It doesn't have a balance! And when you want to pay for something with cash you'll have to select from those bank notes and pay using one or more of them. For example if you want to pay for something worth $1, you can give them all your cash and receive a single $100 bill in return.

It's the same in Bitcoin. When you receive 0.0001BTC+0.005BTC+0.002BTC you have 3 UTXOs or coins. When you want to make a payment, you'll choose one or more of these coins to make the payment.
785  Other / Beginners & Help / Re: How to learn Bitcoin on: December 27, 2023, 05:05:37 AM
[https://www[.]bitcoin[.]com/get-started/]Getting started with Bitcoin[]
I'd stay away from [.]bitcoin[.]com and would not recommend it to people wanting to learn more about Bitcoin even if the page you suggested were good. This site has a malicious past and is run by a malicious person that created a shitcoin commonly known as bcash and tried to sell it to newbies who visited his site as "bitcoin" itself.
786  Economy / Economics / Re: Binance: get rich or die trying on: December 26, 2023, 11:41:03 AM
This story is more about surveillance than wanting to get rich.
Basically US government wanted full 100% surveillance on all activities of all users from a centralized exchange called Binance, they didn't fully comply so they arrested CZ to show them how they mean business Cheesy
787  Bitcoin / Bitcoin Discussion / Re: Solution to high rates? Maybe not, but it's an idea... on: December 26, 2023, 06:36:30 AM
I applaud your initiative to try and find solutions to the existing problem but the only viable solution to fixing unreasonably high transaction fees caused by an attack is to stop that attack! All other attempts will be like putting a bandaids on a broken leg.

As long as we are talking about other ideas the solution to Ordinals Attack is simple too. Create a side-chain and call it "Bitcoin Ordinals Chain", merge mine it with bitcoin blocks so that you can use the high bitcoin hashrate and enjoy its security and at the same time provide an additional revenue for miners that find those other blocks. That hits multiple birds with one stone by addressing all the things people discuss regarding this attack!
1) It will reduce bitcoin tx fees as the spam would stop
2) Nothing would be "censored" as some users love to call it
3) Miners revenue would increase which is another false argument some users use to justify this attack
4) The scam called Ordinals will still use the "bitcoin" name so it can continue ripping idiots off
5) It is a completely separate chain/network so it can have its own consensus rules and it means the said transactions would become NFTs for real as opposed to now that they are arbitrary data
6) Being a separate chain means it is not going to be limited by Bitcoin limits (block size, script/smart contract limitations, etc.)

They will never do this though because of a simple reason: they never wanted to create a smart contract platform. They just wanted to attack Bitcoin and make it increasingly harder for real bitcoin users from using this decentralized payment system...
788  Bitcoin / Wallet software / Re: Sweeping paper wallet on: December 26, 2023, 06:22:39 AM
That's the problem with useless altcoins, even the developers don't have enough incentive to continue developing and providing useful features for users. In any case if you want information on Dogecoin wallets you may get better response from Doge community on reddit or something like that. This is a bitcoin board.
789  Other / Politics & Society / Re: IDF are terrorists who bomb children in schools. on: December 25, 2023, 06:19:15 PM
To be honest. I was not remotely aware of that information. I thought ISIS started as a split faction of Al-Qaeda, which sought to further reach the objectives of their former organization by more violent means and through the occupation of territory, contrary to what Al-Qaeda did, which as basically plan and carry out attacks, ISIS wanted to become a country, a caliphate. Though, I would still do my own research in regards of all of that. Whilere there has been precedents of the United States funding and training organization which ultimately transform in factions which go against them (how happened with Al-Qaeda itself). It would be desvatasting even for them to continue to pursue that sort of tactics and proxy warfare, in my opinion.
I was not even aware there could be former ISIS members amount those who are in the IDF. If True, then it is indeed sickening...
The nature of USA is to stay far away while others fight. That is why this artificial country was created a little more than 200 years ago far away from all civilization. This also helped greatly in WW2 as most of the world was destroyed while US was untouched.

I'd say the beginning of proxy war doctrine is after the mess in Vietnam that brought USA to the brink of demise, seeing that mess US regime realized that it is incapable of fighting any war and not fall part. So the decision was to fight wars through proxies as much as possible.
- The official strategy is under what's known as Nixon Doctrine which is basically US giving everything to any third party who would fight for United States, as long as they are the ones doing the fighting and dying not Americans. The most recent example is Ukraine where "US fights Russia to the last Ukrainian" as many of their officials have already publicly stated too!
- The unofficial strategy is through militant groups which in West Asia means radicals like Al-Qaeda and ISIS as the biggest names that are globally recognized to smaller groups like the Kurdish terrorists including PKK, CPI, and others like KPIK, PRMI, ...
790  Other / Politics & Society / The "Coalition of Terror" fell apart but US regime isn't giving up! on: December 25, 2023, 04:56:05 PM
80 days ago the Zionist regime occupying Palestine intensified the ethnically cleansing of Palestinians. In their genocidal rampage they've already murdered 20674 civilians majority of whom are children and wounded more than 54000 Palestinians.

Early on the Armed Forces of Yemen, seeing this genocide, declared that they won't allow any shipment pass Red Sea to reach the criminals who continue murdering women and children. Shortly after, the Yemenis Coast Guard started seizing Israeli ships and targeted any that tried fleeing that included vessels belonging to other countries that headed for occupied Palestine.

The pariah regime of United States, as the biggest supporter of the biggest genocide in human history, rushed to Israel's aid but immediately faced the wrath of Yemen as USS Carney was directly attacked and had to be brought to Djibouti port for repairs. Like always the US regime decided to stand back and push others to the front in a desperate attempt at reducing the costs, specially since they claim shooting down a single $2k Yemeni drone costs $2+ million!
This began by the US regime begging over 50 countries to join a coalition which is best called "Coalition of Terror". Nobody seems to be willing to participate in this coalition so far as the number fell from 50+ down to 20 and then 10 finally 8 with no country having actually joined anything yet.

As the live maritime maps show, the marine traffic in Red Sea is still normal as always except that no shipment is allowed to reach Israel anymore.


The problem is that the US military is now terrorizing the international trade to force all those countries into joining the Coalition of Terror, so that US can send more weapon and resources to the Zionist regime helping them murder more women and children!
Just the other day the US Navy blatantly attacked a vessel from Gabon with a missile and tried blaming it on Yemen!!!

We've to wait and see whether the US regime succeeds in threatening international trade enough to succeed pulling others into a war with Yemen, a country that packs a heavy punch today...
791  Other / Politics & Society / Re: IDF are terrorists who bomb children in schools. on: December 25, 2023, 03:46:42 PM
I never considered there was a chance for the UN actually give any recognition to ISIS/Daesh, specially since they were quite enthusiastic and straight forward in the intentions to capture as much territory as possible (even in Spain and Turkey) and also filming the massacre of innocent people for the sake of propaganda. No civilized organization would be or is supposed to give any minimum recognition to any nation behaving in such barbaric manner
I'm glad you put it like that because United States supported ISIS from its inception till its demise and beyond. From 2004 when US planted the seed for this terrorist organization in the country they'd invaded a little less than a year before until 2014 the US regime referred to ISIS as "protesters" specially when it came to ISIS members in Syria cutting people's heads off. I still remember the video of US government spokeswoman claiming that US should support these "protestors against Asad regime" and arm them, which they did!

Are you ready for the cherry on top? Here is a screenshot of the video showing the head of the terrorist organization Israel shaking hands with a takfiri terrorist which they have always been aiding and treating inside occupied Palestinian hospitals.
It's not a surprise that the remainder of ISIS terrorist cells declared war on Palestinian Resistance right after October 7 and then joined IDF for the Genocide inside Gaza strip.
792  Other / Politics & Society / Re: IDF are terrorists who bomb children in schools. on: December 25, 2023, 01:34:53 PM
I would neve blame the IDF because they are doing and fighting to protect their citizens from further attack from the Palestine.
You mean IDF is protecting foreigners that are occupying Palestine against Palestinians who want to take back their homes? LOL

THANK GOD we dismantled ISIS (Islamic State in Iraq and Syria, Da'esh in Arabic) before UN recognized it as country like its sister organization Israel; otherwise you would have said the same thing about ISIS terrorists that "they are fighting to protect their citizens from further attacks from Iraqis and Syrians [who wanted to end the occupation and genocide]".
793  Economy / Economics / Re: China's real-estate sector is NOT doing well, it might bring whole economy down on: December 25, 2023, 01:16:34 PM
But like all economies around different regions of the world, an economy can't expand forever, and not especially China's economy for the zoomed out long term.

Currently, I have been reading that China's five largest state-owned banks have cut deposit interest rates to discourage people from saving and stimulate spending.
I disagree. It all comes down to demand. The demand for Chinese goods is increasing. Check out the massive and still increasing trade deficits between China and any country you like, it is in hundreds of billions specially with largest economies like US. With recession and inflation in the world this will continue growing faster too. That is why they keep Yuan exchange rate weak.
The only way that it would stop growing is if the Chinese government allows Yuan to get stronger (increase exchange rate) against other fiat currencies (which they'll never do) or if other fiat currencies like dollar and euro get dumped as low as Yuan to be able to compete with Chinese products, 1 USD is about 7 Yuan and that's how much it should dump for any hope of competition (which will also not happen because they tend to keep the interest rates high to keep the exchange rate artificially high).

What we see these days like the second line of your comment above is meant to strengthen the domestic economy and keep the economy healthy while the global market becomes volatile due to recession (less overall foreign demand in short term).
794  Bitcoin / Bitcoin Discussion / Re: Not a fan of Inscriptions? Perhaps you should run Bitcoin Core v 20.2 like I do. on: December 24, 2023, 12:17:11 PM
Are you a fan of censoring the blockchain?  Use pro-censorship node software!
In that case you should stop using bitcoin or running bitcoin core altogether because from early days we have been "censoring" hundreds of different types of perfectly valid but abusive transactions through standard rules Grin

And to think a user who has been around from at least 2011 doesn't already know that!!
795  Bitcoin / Bitcoin Technical Support / Re: This is beyond craziness on: December 24, 2023, 11:48:32 AM
Does it make sense to say that there is a cartel between bitcoin ordinals team and big mining corporations?
No because at the end of the day it is still regular newbies who fall for this scam and start participating in the spam attack to acquire these junks.
The only possibility is that maybe some miners were behind "creation" of this attack at the very beginning.

Quote
These high fees are also a great marketing for bitcoin ordinals because many articles are written and there is a big discussion. A huge win for ordinals and miners. Doesn't my theory make sense?
And all that is terrible marketing for Bitcoin since the spam attack is making bitcoin more and more unusable every day.
796  Economy / Economics / Re: Why the us dollar might crash significantly on: December 24, 2023, 06:01:23 AM
I have been hearing about de-dollarisation for a while now and in the end what is happening is that the rubbish currencies are devaluing even faster than the dollar
What you are referring to is not exactly "devaluation", it is just exchange rate dropping because most countries didn't heavily increase the interest rate which would put any economy into recession and put a tremendous pressure on regular people, but US did increase interest rates. That means dollar got artificially higher in comparison to other fiats.
In fact the increased interest rate is an indication of a faster dedollarisation otherwise they wouldn't have had to increase the rates in first place.

Besides, that is not what dedollarisation means. Dedollarisation means countries that were using dollar in their international trades and as their reserve currency, start replacing it with other assets. It could be currency of other countries (eg. Arabs using Yuan to sell their oil) or it could be amassing gold (which is what most countries are doing).

Quote
and people in those countries buy assets to shelter from that devaluation, if they buy a currency for shelter it is mainly the dollar, and if not the euro or other reliable ones, like the Swiss franc.
Regardless of what people think of dollar and whether they agree that dedollarisation is happening not, it is extremely stupid to bag hold fiat currencies in times of global conflict and a destabilized international scene.

Instead a better choice is traditional assets such as gold which has been soaring over the past years. And of course Bitcoin is a good choice too.


P.S.
As joe Biden administration is planning to sieze the Russian central bank asset worth 300B us dollar to fund the war in Ukraine,
I just wanted to add that Treaty of Versailles was one of the main reasons leading to WW2.... that was equivalent of $442 billion... just saying...
797  Bitcoin / Electrum / Re: address reuse within Electrum on: December 23, 2023, 02:26:29 PM
It seems like OP is confused about how bitcoin works.
In Bitcoin you don't have a balance (as it is in your bank account) to spend from. Instead you receive "coins" or transaction outputs that are tied to your address/key. When spending bitcoin you have to spend those coins from those addresses with their corresponding keys.
In other words you can't receive coins in address A but spend coins from address B.
798  Economy / Speculation / Re: BITCOIN BULLISH PENNANT. on: December 23, 2023, 02:17:51 PM
The first one would happen if a strong resistance is broken. It may be $40k but I'm more sure about $50k being able to do that.
^^ $50k it is.

As we can now see, after breaking $40k resistance, we never saw any major rises (anything around and below 10% is not major for bitcoin). $50k resistance still sounds like the better trigger point to create FOMO and the "sharp vertical climb"s that we know and love to see in bitcoin...
799  Bitcoin / Bitcoin Discussion / Re: Ordinal blockchain irking me, causing almost $40 median fee now... on: December 23, 2023, 01:48:01 PM
But if it isn't breaking the consensus rules, then technically, it isn't an "exploit". Perhaps in your opinion it is, but it's debatable.
It is an exploit when it is not the expected behavior and when it is using an oversight by the developers who left the validation rules loose.

A prominent Bitcoin Core developer and Ordinals critic, Luke Dashjr, may have had a change of heart about the NFT-like assets. Or at the very least, his company is moving beyond his own hardline stance around Ordinals.

On Thursday, Ocean—the company behind the mining pool of the same name—said that miners can now decide if they want to process Bitcoin blocks that contain non-financial transactions. Previously, the pool prohibited such actions.
That sounds like a good move and it has nothing to do with "having a change of heart" about the attack known as Ordinals. Not just miners, but also full node operators should have the choice of what they want to relay specially when it comes to abusive spam transactions.
800  Bitcoin / Development & Technical Discussion / Re: how many public address we can found into memonics 12 word ? on: December 23, 2023, 01:42:31 PM
Technically speaking BIP32 is like a key derivation function so you should be able to derive as many child keys as you want from it without limiting yourself to the standard derivation paths. Meaning from m/0 to m/0xffffffff then from m/0/0 to m/0xffffffff/0xffffffff and so on.
The only limit I can think of is the depth that needs to be encoded into the Base58 encoded extended keys, since it is only one byte so you can only continue the above paths 256 times!
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