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841  Bitcoin / Bitcoin Discussion / Re: Closing Central Bank is Non-negotiable says pro-bitcoin Argentina Pres Milei on: December 16, 2023, 05:36:58 PM
I understand that you don't want to (or can't think differently), but we in Europe consider President Zelensky to be an extremely brave man who is doing everything to defend his country, and thus the rest of Central and Western Europe, from the creation of a new Russian world. Comparing someone with the nickname "El Loco" to a man who stood up to one of the greatest military powers is completely meaningless.
The problems with Zelenski is not what he is doing now (what else were he going to do? Give up after the invasion and not send the army forward from the safety of his bunker?!! lol)
The problem is all his naïve actions, statements, incitements and "pokes" that led to the conflict with the neighbor! Everything that could have been avoided if an actual politician were in office and for example instead of bringing Russia's enemy #1 to 400 km from Moscow could took both US and Russia by the balls and milk them both for the benefit of his country and ensure its security.

What do you think Erdogan in Turkey has been doing all these years? More so in the past 2 years... Wink

I know that in Europe there is a dictated status quo but if you spend time studying history of what led to the conflict from sources other than the censored mainstream media you can see that when it comes to lack of experience and naïve and in some cases very suspicious behavior that is harmful to the country, both Milei and Zelenski are pretty similar.
842  Bitcoin / Bitcoin Discussion / Re: Closing Central Bank is Non-negotiable says pro-bitcoin Argentina Pres Milei on: December 16, 2023, 03:38:10 PM
We should wait before we make negative assumptions.
It is still too soon to pass the final verdict but after seeing this post on reddit I thought it is good to share it here as an update regarding the first signs of bad decisions that affect the economy in a severely bad way.

Argentina inflation shot up to 160% and at this rate if they actually try replacing Peso with Dollar at some point in the future, regular people won't be left with much in their pockets because of the low exchange rate.

This is the 5 year chart from google showing Peso exchange rate against USD with the unprecedented recent jump and it's not a good start:


P.S. After typing this a dangerous thought passed my mind. Is it possible that this crash is intentional? We've had similar decisions made elsewhere when the government or the central bank had been facing issues for a long time and wanted to make a change (dump their fiat, replace bank notes, etc.) and they dump the exchange rate like this intentionally. In all cases it crushed the economy and the middle class.
843  Economy / Economics / Re: Sea Piracy, it's effect on the local economy on: December 16, 2023, 06:40:14 AM
As usual, nothing in response but denuded Hamas propaganda !
So you first say "there is no such international law" but after I provided the actual UN resolutions with page number and even paragraph numbers, you say it is "propaganda" Cheesy
Good to know that I'm wasting my time talking to a troll.

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0. Tanker, bulk carrier, container ship passing in international waters are not civilian victims of terrorism
Supplies being sent to terrorist organizations to aid murdering women and children should be seized and the owners of those ships should be punished according to the international laws. I'm now just repeating myself but attaching the term "civilian" doesn't change the nature of these shipments.

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And why did you ignore the question about the "Yemeni army" that you are trying to pass off as Husit terrorist gangs ?
You should first lean how to write Houthis then learn the difference between Armed Forces of Yemen called Ansarollah and Houthis and then learn the fact any organization that fights against the invaders in defense of their homes (like what's happening in Ukraine) is not categorized as terrorism and just because the invaders who are murdering women and children are your friends you can't call them terrorists.

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1. Was there such a country as Palestine in the history of the world ? Didn't you learn history yet ?!
LOL now you deny the history. Cheesy

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2. Show me the documents that Israel is recognized as an apartheid regime ?
Why should I bother when you are going to call other UN resolutions and other resolutions by the international communities as "propaganda" like before?
In fact I'll stop wasting more of my time. All this information is available on the internet for anybody to do a research and find for themselves. Arguing with a Zionist supporter like you is pointless.

anti-Semites who promote anti-Semitism, racism
to destroy specifically and specifically Israelis and specifically Jews.
Classic Zionist terrorist propaganda trying to hide behind Semites and Jews although Zionists have nothing to do with either one of them. In fact one of the biggest protests against Zionists is currently taking place in New York, US by the Jewish community.
This is exactly what ISIS did too. The radical terrorists that hid behind Islam and Muslims and were destroyed by Muslims too. Hopefully the Zionist terrorists will be eradicated with the hands of Jews and Semites soon.
844  Bitcoin / Bitcoin Discussion / Re: Bitcoin Celebrates One Year of Ordinal Inscriptions With 48 Million Mark Hit on: December 16, 2023, 05:13:31 AM
Let's see how long Ordinal will be happy to pay fees of more than 50 satoshi for worthless things. The higher the price of Bitcoin, the more people will think about stopping unnecessary spending, so I don't think they will continue broadcasting these transactions for a long time.
It is not good news, as no one wants to pay higher fees.
Actually the difference between this spam attack and the previous ones we'd experienced in Bitcoin world is that those participating in the Ordinals Attack have the chance to make a profit that could potentially cover the cost of their attack. It's the same as altcoin market. We know they get dumped and people lose money but because they have a chance of making a profit, they continue paying the exchange fees and endure losses in trading them.

In other words the attackers may not even care if they end up paying 1000 satoshi/vbyte if they think they can make a profit on the garbage they are buying.
845  Bitcoin / Bitcoin Discussion / Re: Bitcoin Celebrates One Year of Ordinal Inscriptions With 48 Million Mark Hit on: December 16, 2023, 04:55:00 AM
Celebrate? Why would the community celebrate a spam attack?!

Despite initial skepticism about their longevity, these inscriptions have not only persisted but now make up half of all BTC transactions confirmed daily.
There were some skepticism but also there were a lot of evidence suggesting that this scam is going to grow. I pointed it out a long time ago here:
https://bitcointalk.org/index.php?topic=5451907.0

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Bitcoin’s ecosystem and vying with other blockchains in the non-fungible token (NFT) space.
Except that Ordinals spam is not a token at all since it is not part of the Bitcoin protocol. It is arbitrary data being injected to the chain by exploiting a vulnerability in the protocol that needs to be patched to prevent this attack.
846  Bitcoin / Bitcoin Discussion / Re: Bitcoin community are in support of BRC20 on: December 16, 2023, 04:32:48 AM
You know the funniest thing? No presale, no social media, no advertisement for these tokens.
Garbage in the altcoin market has always been getting large pump and dumps for as long as the shitcoin market has existed. There has been countless number of non-existing garbage that has gotten huge pumps in the past. By non-existing I mean the garbage they are selling these days under the codename Ordinals and also the garbage they have sold on altcoin exchanges that had died for a long time like altcoins without a blockchain (ie. completely abandoned) where you can neither deposit nor withdraw the coin!!!

None of it means the "community" is supporting the useless garbage though. The only thing it means is that there are gullible gamblers who are willing to bet on literally anything.
847  Bitcoin / Development & Technical Discussion / Re: Energy Consumption on: December 16, 2023, 04:17:46 AM
Mining pools have done a fair job of reducing wasted effort, but they can't eliminate it without consolidating into a single global pool, which introduces centralization issues.
You are thinking too short term and are focusing on the times miners or the pool doesn't find a block instead of focusing on the times they find it which is why you made 2 wrong assumptions here about "waste" and "needing to centralize to one pool".

Mining works something like this: if a solo miner or a pool has x% of the total hashrate, they'll find x% of the total blocks on average and earn x% of the total reward. For example if they have 5% of hashrate they make something around $2 million daily (out of $38 mil). Here you cannot claim that the 95% of the blocks they didn't find is a "waste" for them because they only had 5% share and they don't deserve more.

It's the same for a solo miner with a tiny hashrate. You just have to expand the timeframe and take the average.
848  Economy / Economics / Re: Will BTC converge to ETH? on: December 15, 2023, 04:06:14 PM
The title of this post should be "Will PoW converge to PoS?" but I liked a catchier version.
No because PoS is a flawed protocol by design.

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Using computational means to show how confident you are that you're speaking the truth prevents malicious nodes to influence the network with untruthful facts.
That's not exactly how things work. In PoW it is all about cost of the "work" required to become the "longest chain". A malicious actor needs to compete with the majority to create the longest chain, since the cost to do that (a 51% attack) is too high, it becomes impossible.

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Miners stake their financial goods to "prove their point".
Well, miners do have a "stake" in the game but it is not the same as "proof of stake" because in the later you virtually perform no actual work and are only rewarded for having money!!! Meanwhile a miner in a PoW algorithm is performing actual work and is being paid for that work.

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Does this economically "link" in some way BTC to physical currencies?
No.

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Let's just obviate the immense pile of e-trash and the huge electricity consumption gap that separates both protocols in reality.
There is a lot more than separates the two specially if we go beyond just the mining algorithm and compare bitcoin with ethereum. The later is a useless centralized shitcoin with unlimited supply and a massive premine and to top it all it has a mutable blockchain while the former is a unique decentralized payment system with no premine and with an immutable blockchain.
849  Economy / Economics / Re: Sea Piracy, it's effect on the local economy on: December 15, 2023, 03:50:59 PM
Please tell me - could you provide links to the so-called “international laws”, where the rights to attack civilian ships, seize people, and steal cargo were written down?
Your desperate attempt at attaching the word "civilian" to these shipments doesn't change their nature.
The Zionist regime occupying Palestine under the fake name Israel is internationally recognized as an apartheid regime. According to United Nations resolution 3068 on International Convention on the Suppression and Punishment of the Crime of Apartheid
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Article III
International criminal responsibility shall apply, irrespective of the motive involved, to individuals, members of organizations and institutions and representatives of the State, whether residing in the territory of the State in which the acts are perpetrated or in some other State, whenever they:
(a) Commit, participate in, directly incite or conspire in the commission of the acts mentioned in article II of the present Convention;
(b) Directly abet, encourage or co-operate in the commission of the crime of apartheid.


Article IV
The States Parties to the present Convention undertake:
(a) To adopt any legislative or other measures necessary to suppress as well as to prevent any encouragement of the crime of apartheid and similar segregationist policies or their manifestations and to punish persons guilty of that crime;

Additionally over the past month increasing number of countries are categorizing the Zionist armed forces known as IDF as a terrorist organization. According to United Nations General Assembly resolution 51/210 of 17 December 1996, paragraph 3, subparagraph (f).
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the Assembly called upon all States to take steps to prevent and counteract, through appropriate domestic measures, the financing of terrorists and terrorist organizations, whether such financing is direct or indirect through organizations which also have or claim to have charitable, social or cultural goals or which are also engaged in unlawful activities such as illicit arms trafficking, drug dealing and racketeering, including the exploitation of persons for purposes of funding terrorist activities, and in particular to consider, where appropriate, adopting regulatory measures to prevent and counteract movements of funds suspected to be intended for terrorist purposes without impeding in any way the freedom of legitimate capital movements and to intensify the exchange of information concerning international movements of such funds,

That's only to name a few of the "International Law" that applies here.

PS Amazing fact - The US warship USS Carney protected three merchant ships from attack in the Red Sea.
US Navy is not advanced enough to be able to protect the shipments that are being sent to your Zionist friends to help them continue committing genocide and terrorism.
Picture from the past day:
850  Bitcoin / Development & Technical Discussion / Re: Conversions: mnemo => seed => WIF on: December 15, 2023, 03:23:30 PM
These are mnemo to seed, need more about seed to WIF...

Does not help...
To derive child keys (seed to WIF) you need to use the BIP-32 algorithm [1]. Electrum also has the implementation for that[2]. Method names like CKD_priv are according to the documentation so it's a good idea to read that first.

[1] https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki
[2] https://github.com/spesmilo/electrum/blob/2d954bb55439ff7d0d84b2c45b43b2c47c0d73b7/electrum/bip32.py
851  Economy / Speculation / Re: BTC Sentiment Poll for December on: December 15, 2023, 05:13:14 AM
Ever since Monday we've been witnessing what I like to call "bear desperation". This is what we saw during the 2017 bull run often too. Each time there was a recovery after a drop, the bears refused to accept the trend reversal and started trying to dump to push the price down and keep the bear trend alive. We've been having about 5 days of it now.
Although it doesn't seem they can win but we have to wait and see how much longer they can postpone reaching $50k...
852  Bitcoin / Bitcoin Discussion / Re: Jamie Dimon said he would close Bitcoin down if he was in government on: December 15, 2023, 04:53:30 AM
He's afraid of Bitcoin? I don't believe that, when BTC never chased him out of the office or stopped him from living. I believe he's doing this for personal interest which I believe is about investment and one thing I notice is that these people never want people from the lower class to have access to something that will give them liberation.
It doesn't have to be one or the other. It is both.
Central banks are definitely worried about bitcoin's adoption and phenomenal growth, in fact the most corrupt banks are the most worried about this because they see their power ebbing away!
853  Bitcoin / Bitcoin Discussion / Re: If someone can sign a message with genesis? on: December 15, 2023, 04:48:26 AM
You should also know that a message signed from a key to prove ownership has to be specific. For example the message must contain a date and the purpose. For example something like "I pooya87 prove I own this key on 2023-12-15". This way if someone else tries to fool others with this message in the future, they won't be able to because it contains my username and date.
But if the message were something like "Hi, I'm pooya87", it could be used by anybody else and at any time to pretend they own that key.
854  Bitcoin / Development & Technical Discussion / Re: Conversions: mnemo => seed => WIF on: December 15, 2023, 04:32:00 AM
The proposal itself has a reference implementation and two of them are in python that you can use[1].
You can also always check out popular wallets that support BIP-39 algorithm and use their code or just use the wallet itself (ie. import mnemonic and just extract the single child key you are looking for). Electrum is a good option that does support BIP-39[2] and is written in python.

[1] https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki#reference-implementation
[2] https://github.com/spesmilo/electrum/blob/2d954bb55439ff7d0d84b2c45b43b2c47c0d73b7/electrum/keystore.py#L975-L1018
855  Bitcoin / Development & Technical Discussion / Re: Using Bitcoin as a trusted clock? on: December 14, 2023, 03:03:44 PM
The Bitcoin communication protocol already has a way to get the system time of the node you connect to. When you handshake with a peer, they send you a "version" message which will contain a time field (nTime), this value the Epoch time (Unix timestamp) and can actually be used to figure out if your own system clock is off. You can also use that to figure out the current time in a decently decentralized way and with decent accuracy.
856  Bitcoin / Bitcoin Discussion / Re: Bitcoin feels like a Western-type Democracy... on: December 14, 2023, 05:03:34 AM
within a week of bitcoin(genesis block) actually being released people were using their own node on their own computer, adding lines of code and compiling their node on their computer and when if didnt break or stall they then published the bug fix or feature, which others could then add into their own node.. this occured alot even into 2010
All contributing to the same project hosted on Sourceforge not separate ones.

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core wanted people to play with their own code/node edits on testnets and forked chains(altcoins) and see how things work or who shows interest before getting into cores code..
That is how things should always work! Bitcoin is too sensitive to just add any code to it without sufficient testing.

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they didnt want lots of random nodes with different codebases on the bitcoin network used by parts of the bitcoin community, as they said (inferring  they are the gods) they dont want to be reviewing other peoples nodes to ensure they were fit to run on the bitcoin network
Again that is exactly Satoshi's view on the matter (last paragraph), although I don't agree with it. Saying it is just the "evil core devs" who think this way is dishonest.

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and anyone promoting a non core node that offers new features not offered by core, get treated as an opposition and REKT campaigns begin(unless endorsed by core dev group)
There is a difference between an implementation of Bitcoin protocol and another implementation trying a hostile takeover that is trying to force a major change like a hard fork to arbitrarily change block size at any time as the miner wished (eg. bitcoin unlimited, bitcoin classic, bitcoin cash, ...).
857  Bitcoin / Bitcoin Technical Support / Re: Vulnerability that allowed Ordinals to exist now has its own CVE code on: December 14, 2023, 04:50:28 AM
won't this cause a fork since there are also people who supported ordinals?
It depends on how it will be fixed, if it were through a fork where the exploit becomes invalid, then it would require majority support (like any other fork) and if it reaches that majority, there won't be any chain split.
But so far the proposals and efforts to prevent the abuse has been through policy rules, meaning these spam transactions would become non-standard not invalid. Meaning nodes would refuse to relay such transactions but they will verify them if they are already in a block.

Im starting to question if taproot was a good deal. Unpopular opinion, but does the pros outweight the cons?
No, Taproot introduced Schnorr signatures which is an excellent addition. It not only slightly compresses the signature+public key that we use each time spending a coin but also adds the option for key aggregation which decreases the size of multi-sig scripts to be the same size as a single-sig. It also makes using more complex scripts with branches that don't all need to be releveled on chain easier.

The problem is that with introduction of SegWit, certain rules became looser opening up the possibility for this type of abuse. All we have to do is to reintroduce those strict rules into full nodes again.
858  Economy / Economics / Re: Boycotting iSrAEl's product? think again. on: December 13, 2023, 02:40:56 PM
Yes I fully agree, sanctions have very limited impact on country's economy, in fact, in most cases they hurt the economy of the countries trying to enforce them more. And it's not like sanctions stopped to work all of a sudden, no. Sanctions never worked, no country in modern history was hit by sanctions so badly that they changed their mind and their politics completely.
That's not exactly correct.
You see when talking about effectiveness of sanctions there are a handful of things that decide their effectiveness. I'd say the three most important factors are: [1] duration, [2] scale (how much of the country's economy they target and what percentage of the world complies with them) and [3] the capabilities of the targeted country.

Lets look at 4 examples:
1. Iraq
This is a good case of a [1] "long" and [2] "large scale" sanction on a country with [3] little domestic potential for self reliance that succeeded.
In early 1990 after the US ally, the Iraqi dictator Saddam failed in his invasion of its neighbor Iran, they started getting sanctioned specially after he invaded Kuwait. [3] Iraq already had lost a lot in its futile 8 year invasion attempt including infrastructure and the country was in a huge debt.
The sanctions were [2] enforced globally which basically isolated the country. That meant lots of crisis in the country, even food crisis where large number of people are reported to starve to death because of the sanctions. These sanctions remained in place for [1] about 10 years that slowly weakened Iraq and forced them to willingly accept being disarmed which paved the way for the US/NATO invasion in 2003 and destruction of the country by US and over a million Iraqis killed!

2. Iran
This is a good case of the [1] "longest" and [2] "largest scale" of sanctions (most number of sanctions for the longest period of time) against a country with [3] a massive domestic potential for self reliance.
Ever since [1] 1979 revolution when Iranians kicked the US backed dictator and US out of their country, the US sanctions began and they've only increased in number and enforcement scale to this day.
However, the results on Iran has been completely opposite of Iraq because they could never isolate Iran nor could they damage Iran's domestic production and scientific advancement that helped the country become self reliant even in high tech field.
Of course these sanctions affected Iran's economy a lot and even led to some social unrest but they could never achieve their true goal which was to topple democracy and reinstall the US backed dictatorship to steal Iranian natural resources.

3. Saudi Arabia
This is a good example of a country that is not sanctioned but has nearly [3] zero domestic potential to become self reliant.
Experts suggest that if someday Saudi dictatorship is sanctioned, it will fall in a matter of days! The reason is simple, over the decades when Saudi dictators was obeying US orders, they were never allowed to build any kind of infrastructure and more than 80% of the country's needs are imported because that's what forces them to remain a US "colony" and ensure survival of Petrodollar.

4. Russia
Now we can talk about why sanctions haven't worked on Russia.
- First of all Russia was sanctioned [1] a little more than a year ago. 10 years from now it could be a different story assuming the New World Order fails (which is unlikely) but a year is not enough to claim that sanctions are ineffective.
- Secondly, these sanctions are [2] NOT enforced globally. Basically it is only US that has sanctioned Russia and some of the European countries complying with it and only partially (eg. they still continue buying Russian LNG or they still continue exporting vehicles to Russia, etc.) and the rest of the world doesn't really care (eg. India, Turkey, China, etc. still have economic relations with Russia).
- Finally Russia [3] has a decent domestic potential for self reliance. Having vast amount of energy, many factories and infrastructure helps greatly.

So yeah, also in case of Israel, I'm not particularly optimistic regarding about the effect of sanctions.
Now lets look at Israel.
  • First of all boycott is not the same as sanctions which are enforced by the countries/governments so it's the law. This is more like a movement by the regular people. So its effectiveness is not going to be the same as sanctions but at the same time it will have an impact. For example I already covered the effects it had on Israel linked companies such as Starbucks.
  • Secondly the duration is not yet long. It's only been a matter of weeks, the impact is going to be seen if this movement continues and it becomes years.
  • Finally the Zionist regime needs foreign aid to continue working. If the 340 million American + 750 million European tax payers stop paying Israel hundreds of billions of dollars annually, the regime would stop functioning. That's despite the domestic capabilities of the regime. We are moving in that direction too but it may take longer, which could be called actual sanctions.
859  Bitcoin / Development & Technical Discussion / Re: Do transactions need to be accurately timestamped? on: December 13, 2023, 01:56:41 PM
Bitcoin transactions are not timestamped, they are included in a block that has a timestamp.
The last 4 bytes of a transaction that is known as a locktime is there to indicate a time or a block height after which the transaction can be included in a block.
860  Economy / Economics / Re: Sea Piracy, it's effect on the local economy on: December 13, 2023, 12:27:12 PM
The Yemen rebels also known as the Houthi are kidnapping ships, that are owned by Israeli businessmen, because of the conflict in Gaza. This is more related to politics rather than economics.
It is not categorized as piracy or "kidnapping" though! It more like sanctions, something that the international community should have done everywhere. Just like they did when Russia invaded Ukraine. Or maybe you think you are a rebel and your government committed piracy when they sanctioned Russia and seized Russian assets?

The same thing is happening here too. The Zionist regime is internationally recognized as an apartheid regime and as the aggressors that has invaded Palestine has to be punished same as Russia if not worse. But because the so called international organizations such as United Nations are rigged and actually American organizations, they can not act according to international laws. They have to fulfill US interests.

So that forces Armed Forces of Yemen to take actions according to international laws and send the Yemenis Coast Guard to enforce these sanctions on the apartheid regime and seize any shipment that is going to Israel to help them continue the genocide.
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