Sooner or later everyone who uses Ledger will have to do a firmware upgrade because otherwise the device will not function properly, or some functions will be disabled. Now the only question is whether someone thinks that Ledger is telling the truth when they say that the seed cannot be shared without the user's consent, or it have some kind of backdoor that has actually existed forever and the new firmware is just a trick to make everyone feel safer at least for a while.

Ledger unfortunately fell into the "don't store more on it than you can afford to lose" category.

Maybe this is another in a series of topics about how the fees are too high these days, but considering that a lot of members are literally disappointed that they can't use Bitcoin the way it should be used, maybe we should clarify some things so that everyone would not continue to pretend that we live in a world where we should continue to expect that Bitcoin will become a global means of payment that will be used by just about everyone.

Bitcoin has long since become a money-making machine, and in order for the machine to work well and be profitable, it needs to be given a little extra energy from time to time, even if this means that it will have a negative impact on its main task. While the average user who just wants to send an on-chain transaction has problems and is looking for a solution to the problem in a single free transaction accelerator, let's try to summarize who all benefits from the fact that fees have exploded.

Miners certainly benefit from what I personally call "ordinal madness", and suffice it to say that in recent days the rewards per block amounted to over 10 BTC, and considering that the reward without fees is 6.25 BTC, it is clear how much their profit has increased. Without going into any conspiracy theories, isn't it logical to think that some of them (miners) have their fingers in all of this? Who knows, maybe we'll find out one day.

CEXs (centralized exchanges) also benefit from high fees, not only because they can increase their service fees more than necessary, but because high fees discourage most of their clients from withdrawing Bitcoin to their non-custodial wallets. Let no one be fooled that the people behind such companies have any good intentions towards Bitcoin, they only care about profit and they don't care what they will generate it from, that's why they support hundreds of shitcoins without any problems regardless of what they know that bunch of people will lose their money trading with that garbage.

Creators of altcoins who will use every opportunity to say that their project is better than Bitcoin and that their transactions cost only $0.01 and that you should invest in their project. What they will not tell you is that the security of their transactions is so great that you have to wait for several days to be sure that your transaction will not be messed up in some way.

Economic and financial experts are perhaps the last, but no less important in this story. For them, moments like this are a time in which they rejoice because they think that the idea of Bitcoin as a currency is collapsing before our eyes, and of course they say this all the time. On the other hand, they have nothing against Bitcoin being "used" to generate profit, which again leads us to the fact that the idea of Bitcoin as a currency should be "killed" in every possible way, and on the other hand, trading should be encouraged.

In the end, it's no secret that the whole world has its foundations in centralization, and above all, finances are important because they control people most effectively. Bitcoin as an idea is dangerous in that sense and I have no doubt that "they" will do everything to reduce that idea to mere trading and nothing more than that.

However, you should not be pessimistic because I believe that there are millions of those who own Bitcoin and they will not give up so easily, and if we have ever been at an advantage, it is today, because we understood what Bitcoin is much before them and we have much more of it than them. If they want it, I tell them "the price is $10 million per BTC" and only if you ask me nicely

A few years ago, some data showed that as many as 265 000 households in the US used dial-up internet, and although that number is certainly lower today, some still have super slow internet. I think many live in the illusion that the entire US looks like downtown New York or some big city, when in fact there are parts of the country where everything looks like time stopped 50 or more years ago.

I don't believe that Satoshi was waiting for some internet revolution to happen to let the genie out of the bottle - it just happened at the moment when everything was ready. In addition, even today around 35-40% of people in the world do not have access to the Internet, and 15 years ago this percentage was significantly higher.

Well, at least that question is easy to answer - you just need to invent some super drug, a strategy to sell it and a way not to end up in prison after all that. Considering your profession, you are probably familiar with the case of Purdue Pharma and their OxyContin, and all you need to do is learn from their mistakes and you will be a billionaire in the blink of an eye

When you succeed you can send me a tip of only 1% because I gave you a good idea - I only accept BTC

Same thing with me, I selected one random transaction and it was successfully accelerated. It seems that many had a rough start to the new year and are still sleeping, so the number of 100 available accelerations is available almost throughout the hour.

I don't know why @LoyceV gets a message that his TXID doesn't exist, maybe because mempool currently purging transactions < 23.1 sat/vB and free services don't accept them for that reason. If he increased the fee to 25 sat/vB, maybe then he would succeed.

There are about 8 billion people in the world, and if about 2% own Bitcoin, I would conclude that it is not exactly a success after 15 years? Of those 190 million, how many actually use Bitcoin on a daily/weekly basis? I would say less than 20% if we go back to the time before the ordinal nonsense, and considering that most people have never (and probably will not) use Bitcoin as a currency, then we don't have to fear that what you are talking about will become a problem.

What is important in the whole story is that the miners are happy because they earn extra profit, and on the other hand, various crypto messiahs also enjoy the fact that their clients are forced to keep their Bitcoin on CEXs. Who cares what people think on this forum or anywhere else, we are the small players at the bottom of the big pyramid.

Wasn't FTX just a continuation of what preceded the collapse of the entire market? The collapse of the project launched by Do Kwon had an even greater effect on the cryptocurrency market, because we are talking about tens of billions of dollars (and some say over $100 billion) of damage. It will never be clear to me how anyone can trust people who at first glance seem incompetent, not to mention the fact that one of them already has a history of bad business moves.


How can you talk about destabilization and at the same time say that Bitcoin and altcoins are "increasing"?

Given that this forum is located on a server in the US, do you believe that one day when China becomes a "dominant superpower" (whatever that means) that same China will conquer the US and ban this forum?

China has already had internet censorship for a long time, as has Russia, where this forum is banned - but that in itself speaks volumes about them as countries that are actually regressing in terms of human rights, regardless of the theory about some kind of superpowers. At the moment, decentralization would only be possible if the forum were moved to a server located in a country like North Korea, but let's ask what would happen only then, not only in the sense that the forum would come under general surveillance, but that the privacy and security of all forum members would be threatened, unless you think you can be completely anonymous online?

Maybe then you should write about your business illusions somewhere else, not on the Bitcointalk forum? Have you noticed that your topics are disappearing or being locked? The forum is sending you a message, and if you continue in the same direction, you will surely have much more time for your odd jobs

How about you think a little and put some things in order in your head and stop thread spamming? First you claim that Bitcoin will help you to be financially free in 2 years, and now you admit that you don't own Bitcoin at all? The problem is that you don't have a strategy at all, because otherwise you would already have a solid stock of BTC that you could keep for the long term.

It is quite logical that you sell BTC or use it as a currency, but is it such a big problem that you take 10% of every job you get paid for and invest in Bitcoin? Therefore, I would not say that your problem is that you are too broke, but that you simply do not know how to deal effectively with what you have.

If you've been watching the forum for a long time, then you should have already come to the conclusion what it can be considered a quality post, but you also have to know that the concept of quality is something that not everyone experiences in the same way. Some post that according to your criteria is of high quality and helps you, may not be in that category for others. The reason may be that the content of that post is something they have already read many times, or even that it is plagiarism or an AI generated post.

What you completely overlooked is that many members appreciate posts that are in some way funny, cynical or ironic and in themselves do not have the quality you are talking about. At the end of the day, the point is that you are unique and that you are really interested in what you are writing about on the forum, because otherwise you are just one more spammer in a sea of spammers who become irrelevant.

I wouldn't agree if everyone knew that fact, because if they did, such a massive FOMO wouldn't have been created. I think that the majority still lived in the delusion that the price would eventually reach much more than $20k, although realistically, even that price was a big surprise for those who understood a little better what was actually happening.

From everything I read on the forum, many members still do not understand the difference between futures BTC ETFs that already exist and the possible approval of spot ETFs in the US.

However, I think retail customers are definitely not in the same financial position as they were in 2017 given the inflation rates that have occurred since then. What I want to say is that the amount of money at their disposal is far less than before, and the price of Bitcoin itself plays a big role in all of this.

However, it is a big unknown how the market will accept spot BTC ETFs, because regardless of the fact that the market seems to really want it at the moment, theory and practice can often be completely different.

Of course he didn't sell it, he used it to focus the attention of forum members on that account, and now the only question is what was his goal with all this. However, all this is not important now, because Ratimov, or whatever his name is now, has been banned according to the moderator's statement.

It's not his argument, but he got the idea from people who posted that thesis years ago, and we even have an identical topic title on the forum. This idea, or rather the question, is attributed to a certain Rick Falkvinge, whose article you can search for, although there is nothing particularly clever to read.

Will Bitcoin do to Bank what email did to the post office?

You think that El Loco will do something for Bitcoin in Argentina, and at the same time he only talks about the dollarization of the country and his first visit was precisely to the US where he bowed to the American powers and probably said to himself "In dollar we trust".

What will Colombia or Suriname do with Bitcoin, receiving payments for shipments of bananas or for cocaine? Not to mention that none of the other countries mentioned in this context have the political power to do what El Salvador did. Besides, why the obsession with Bitcoin as legal tender when something like that is not necessary at all for Bitcoin to be a functional part of society?

Anyone today can be a journalist or write a book, and that has become especially easy since the advent of AI chat bots that do it very quickly and cheaply instead of people. So I don't think you should get too excited about a book that is obviously written by an amateur who believes that Bitcoin was created in 2017 or 2020, or that Bitcoin has anything to do with people like Bankman or Do Kwon.

The so-called "general public" in part understands that Bitcoin is something like shares or some kind of digital gold, and this should not be at all strange to us, considering that most people on this forum consider Bitcoin to be only a good investment. When it comes to education, I think that everyone can educate themselves very well about what Bitcoin is, given that all knowledge is publicly available online - and for those who don't want to or don't know how to use search engines, it's not something they should to think at all.

As for some people persistently repeating that they missed the chance, I think that these are lost cases - because I know some people personally who found Bitcoin expensive when it was worth a few hundred $, when it was a few thousand $, and especially now when it is worth tens of thousands of $. The one who wants to find an excuse will always find it no matter what.

I don't see any other way to discourage users from creating useless/repetitive topics/posts than to report each such post/topic to the moderator and be deleted. Each board should have a sticky topic like the one that exists in the Bitcoin discussion, and all those members who ignore it and persist in thread/post spamming should receive a temporary ban. If even then they do not understand the message, there is nothing left but to ban them from participating in the forum.

For quick recovery and strengthening of immunity, I personally tried the combination of black cumin oil and acacia honey. In my case, it helped me recover faster, and I always start taking this combination before the flu season, and so far it's helping me.

https://www.nutraingredients-asia.com/Article/2020/11/25/Covid-19-RCT-Honey-and-black-cumin-seed-help-speed-up-recovery-in-Covid-19-patients

Do you think anyone is still reacting to what Saylor is doing? If you look at history, maybe the first purchase had some kind of FOMO effect, but everything after that passed almost as if it never happened. Saylor, unfortunately, is not someone to whom the masses worship, as is the case with Mr. Mars or someone from his category.

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What does trust have to do with this case? Saylor is an entrepreneur who invests in Bitcoin for profit, as most ordinary people do. It is completely irrelevant whether and when he will sell all or only a part, because every day approximately $20 billion worth of BTC is traded and this is a completely legitimate thing. We cannot say that the one who buys is good and the one who sells is bad, that simply does not make sense.

One member of the forum offers such "No KYC cards" at a price of around 1000 EUR per year of use, and it seems to be quite a lucrative business. Of course, there are some rules for using the card so that it would not be blocked. However, regardless of the fact that the sale of bank cards is not punishable in Russia, I wonder who is responsible if such a card is involved in a criminal offense - the owner of the card or the one who actually uses it?