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961  Economy / Economics / Re: Tokenising carbon emissions and creating an efficient and verifiable market on: March 09, 2021, 08:54:36 AM
An IoT sensor that detects emission levels at exhausts and feeds periodic, tamper-proof data onto a blockchain record could well be implemented. These could then be tokenized in different sizes and be made available on an open market where buyers can place their bids to get the best price.
This could work easily in theory. Most of these markets are currently in developed countries though. I am not sure that they cover much of Asia or the developing economies. But definitely a worthy implementation that can avoid the various "adjustments" that can be made to readings like emission content.
962  Economy / Economics / Re: Bitcoin millionaire lists reasons most will never be rich on: March 09, 2021, 08:43:30 AM
I used to follow his Twitter until it became too much with the boasts and the portrayal of Alpha male bordering on toxic masculinity. Twitter has these niches with similar people following each other and talking about earning money, getting women, eating steak, being the alpha. While none of those pursuits are wrong, the way these people talk about it, I am not sure anybody would want to see their sons behaving that way.

These people make it sound like Wealth + Strength and Decency cannot go along. As if you HAVE to be a cocky asshole to be wealthy and powerful. In reality, a self-confident man secure in his achievements and knowledge doesn't need to boast or throw a tantrum on twitter every once in a while.

It is like a whole lot of young kids follow these people while actually missing the real father figures that western society used to revere in an earlier age. Someone like an Atticus Finch who inspires his kids with his courage and fortitude, yet never falls to the level of his detractors despite everything.
963  Bitcoin / Bitcoin Discussion / Re: Do you think CBDC's will be interchangable with cryptocurrencies? on: March 09, 2021, 08:13:10 AM
The main effect that CBDC will have on the crypto market is political. CBDCs are just Central banks' way of saying, "Look, we can do this too. You don't need this other coin". It is more like a competing product that also gives them an excuse to declare crypto usage as unnecessary, wasteful, harmful in that order.

While things have gone a long way down the road as far as Bitcoin adoption and acceptance is concerned, I just cannot shrug away the feeling that they aren't hatching some plot to derail adoption.
964  Bitcoin / Bitcoin Discussion / Re: Question about current capacity on: March 08, 2021, 07:57:01 AM
Their are no plans to improve Bitcoin onchain transaction capacity.
Their plan is for people to quit using bitcoin onchain and move to their fee based offchain systems like Lighting Network or Liquid,
where the middle men profit off of transactions.
LN fees will go to whoever runs an LN node, not to just centralized parties. It is similar to all the PoS or federated solutions proposed by alternate chains but with the final settlement of Bitcoin chain.

Easy solutions are
1.  Larger BlockSize
2.  Faster Blockspeeds
If you are not just a brainless shill then you would know that those are not EASY solutions. It is about choosing the most obvious, easy way out till your chain actually starts being used and then you hit the bottleneck due to the inherent trilemma of block-chains. It does not make any coin better or worse to adopt such solutions. With a faster block-speed and higher size you just increase the storage and throughput requirements. These can surely be optimized but that is a fork on the road, we haven't reached yet.
965  Bitcoin / Bitcoin Discussion / Re: Bitcoin has disappeared on: March 08, 2021, 07:44:36 AM
What exactly is OP's point because I don't have any plans to read that large black of text.
The OP has no points. He is just concern trolling to make a case that one of the forks deserve the rightful place as the dominant cryptocurrency of the future.
Seeing how he is trying to paint the picture of Core developers being demigods and calling it Bitcoin Core, I'd wager he is a ShitVision shill inspired by Faketoshi, the lord and master of gullible, wannabe OGs of this world.
966  Bitcoin / Bitcoin Technical Support / Re: 8,000 bitcoin Lost because of the blue death screen. on: March 08, 2021, 07:24:05 AM
Looks pretty suspicious or a joke. Having a hard drive with 400 million dollars, instead of finding the best masters in reality, he goes to the forum to ask... Are you the author? gkelly 15Z5YJaaNSxeynvr6uW6jQZLwq3n1Hu6RX https://bitcointalk.org/index.php?topic=24346.0 Make a complete copy of the hard disk (image) and upload it here and we'll see what you can do  Grin

Good find.

gkelly, Bitcoin Forum user #131. 7 posts so there's not much to glean, other than he most likely would know about the appdata folder.
Such fucking good'ol days of honest, naive people when BTC wasn't worth much. It seems it used to attract the smartest people. I was just looking at gkelly's small post history and on one of the threads, it is amusing to look at the comments. Sample this from an OG Newbie account called @Goldstein:
Quote
would it be unethical for me to farm a whole cluster of old Pentium3s/Pentium4s and generate Bitcoins that way?
He is actually wondering if it'd be unethical if he hoarded mining capacity..

Here's a fellow named greyhawk, just casually dropping an awesome limerick inspired by American Pie

A long, long time ago
I can still remember how that mining used to make me smile
And, I knew if I had my chance that I could make those bankers dance, and...
Maybe I'd be happy for a while
But piratefourty made me shiver, with every block that I'd deliver
Bad news on the forum - I couldn't keep decorum
I can't remember if I cried when I read about the ASIC tide
Something touched me deep inside the day the CPU died

Bye bye, my little share of the pie
drove my tools to the pools but the pools went dry
them good old boys are scamming victims and lie, singing
This'll be the day that I'm high
This'll be the day that I'm high


LMAO @ "Bye bye, my little share of pie"..He is lamenting about losing the mining race to ASICs and mining essentially becoming centralized. Haha..Such bloody talent.Thanks for the link @nutildah. Slide to a pretty little wonderland.



967  Bitcoin / Bitcoin Technical Support / Re: 8,000 bitcoin Lost because of the blue death screen. on: March 08, 2021, 03:06:44 AM
OPs problem seems to be that the files from the recovery program are "corrupted". This happens a lot due to fragmentation as explained in this post at superuser.com
That can be a useful post. One that you may already have gone through and tried. If not, the alternative recover tool like PhotoRec seems to help with file recovery better than other softwares.

Also, if any of these methods work, make sure you are doing them "offline" and on a clean PC. You cannot ignore the possibility that some of these recovery programs themselves aren't trojans willing to share private keys the moment they are exposed.

Many people lost BTC from earlier years this way. The pain is obvious. Don't stress about it anymore though. Abdominal issues are stress related a lot of times. You can still do and earn a lot as long as you are healthy and stress-free. Even if you had all those millions, it wouldn't be worth spoiled health. Just one life and body man, take care of it. Wish you speedy recovery and good luck with this.

One of the Best Wallet Recovery Instructions, I ever seen was written for an altcoin
https://bitcointalk.org/index.php?topic=487814.msg39619214#msg39619214
They list the steps to dump the private key, if you can do that you can import the private key into a new wallet.

Just replace the altcoin name with bitcoin when you follow the steps.
Good Luck.
146 posts..0 merits!! What is your story newbie?? BTW, That link had lot of information so i gave you some merit. Just hope you are all not part of a circle of bots or spammers..LOL..Also, Don't shill BCash man..
968  Bitcoin / Bitcoin Discussion / Re: Bitcoin could one day be a preferred currency for conducting international trade on: March 05, 2021, 07:34:07 AM
--snip--
Government Treasuries, especially for third-world countries. Few understand the importance/implications of this. It balances power from the “haves”, to the “have nots”.

https://www.reuters.com/article/idUSKCN2AW2MD?il=0&utm_source=reddit.com

Quote

Myanmar’s military rulers attempted to move about $1 billion held at the Federal Reserve Bank of New York days after seizing power on Feb. 1, prompting U.S. officials to put a freeze on the funds, according to three people familiar with the matter, including one U.S. government official.

Not really sure that even bitcoin is safe from the 5-dollar wrench attack when its a military coup and a whole damn country's treasury is at stake. In matters of despotic rulers, bitcoin's role is more important in empowering the individual. Then again, the situation for country's that suffer under careless governments and rulers has far more to do with just finances.

As an example, country's like Congo, Chile or even in the North-East suffer as much from the consumerism of rest of the world than just bad rulers.
969  Economy / Economics / Re: Tech companies no longer "friends" on: March 05, 2021, 04:34:53 AM
-snip--

There is no telling what percentage of those numbers are actually just bots and useless bought-and-sold accounts. There are already plenty of them and they will continue to increase.
With algorithms giving targeted advertisements and content to people, these social media companies are killing the very reason that they exist, as a platform for human interactions. They are becoming these soul-less stages with repetitive, addictive content that is a net negative in the lives of anyone who uses these platforms. As more and more people realize the harmful effects, their market will, hopefully, keep shrinking.
There are no easy solutions. What is clear is that these platform are doing a big disservice to humanity by zombifying our thought processes. If you are not inherently creative, it is really difficult to net get lost and waste hours of time and mind-share on watching all the stupidity circulating in the name of user generated content.

970  Economy / Economics / Re: Did tesla's $1.5 billion bitcoin purchase negatively affect their stock price on: March 05, 2021, 03:37:33 AM
Has nobody noticed how degen Elon can be with his tweets about crypto. The guy is having fun behaving like some shill with memes about crypto and especially, DOGE. This is typical of him though. I assume he has only started to seriously look into the technology and the almost disruptive, irreverent nature of crypto. He loves that vibe. And he sends out memes about "We hate SEC".

He is obviously Earth's greatest genius at present but he is not immune to having some fun in his idiosyncratic ways. So is it any surprise that the behavior may have rattled a few old-school investors?
971  Bitcoin / Bitcoin Discussion / Re: Vanity address scam rising on: March 05, 2021, 03:31:05 AM
--snip--
I'm not really sure how people think Elon Musk needs donation. Probably the same way as a Nigerian Prince scam.
LOL. Those scams generally don't ask for donations. They advertise themselves with something like "Elon Musk decides to giveaway bitcoin in celebration of SN10 landing". Then they'll have some explanation about how the most tech-savvy man wants you to "learn" bitcoin. So, as a proof, you need to send some BTC and Musk will send you double of that.

There generally are lot of supporting replies saying, "OMG, My life has changed. Thank you so much @elon"..

It is indeed funny that people still fall for these scams.
972  Bitcoin / Bitcoin Discussion / Re: Congrats to the Diamond Hands Bitcoin Holders! on: March 05, 2021, 03:23:06 AM
Thanks to the HODLers AND the Merchants (not traders), lot of normies like us were able to come around 2017 and understand that Bitcoin was important and useful for more than just being magic internet money.

It has made a lot of millionaires as Nasty summarized in the OP. A percentage of those people are probably continuing to contribute to the normalization of crypto economy for the whole world.

Also, for the sheer number of people in developing countries that the forum introduced bitcoin to, the forum, Theymos and all the staff deserve a big applause too. If not for the forum, Bitcoin wouldn't be so widespread in usage today. From just China and the US, the concentration of developers and crypto hobbyists has exploded and covered everything from Turkey, India to Indonesia.
973  Economy / Economics / Re: Doom and gloom: Michael Burry Warns Weimar Hyperinflation Is Coming on: March 03, 2021, 04:00:35 AM
WOW. @Hydrogen, Thank you for these quoted updates you provide. Those lines paraphrased from the tweet-storm quoting the history of Weimar Germany collapse have an uncanny similarity with the present situation. I'll re-quote some that resonated for me:

Quote
"Side by side with the wealth were the pockets of poverty. Greater numbers of people remained on the outside of the easy money, looking in but not able to enter. The crime rate soared."

"Accounts of the time tell of a progressive demoralization which crept over the common people, compounded of their weariness with the breakneck pace, to no visible purpose, and their fears from watching their own precarious positions slip while others grew so conspicuously rich."

"Almost any kind of business could make money. Business failures and bankruptcies became few. The boom suspended the normal processes of natural selection by which the nonessential and ineffective otherwise would have been culled out."
So essentially the trillions being printed are just ending up on the stock markets with company valuations soaring to figures which are simply not justified by their actual output. Even though Tesla is a hugely efficient company, the valuation is unprecedented for an auto company.
Now either Elon Musk and NASA actually give Americans a new purpose with Mars missions or the general populace will end up feeling like those in Weimar Germany. In another thread, I speculated that all of that cash can indeed find an outlet in the form of foreign investment by American companies to compete against State-backed Chinese companies. Yet, as this article states, until all that wealth generation actually leads to equal or commensurate prosperity for general US citizens, this whole thing can actually crash.

You cannot have 50% of the population feeling disillusioned enough to follow someone like Trump and not have economic repercussions. I really wish that Americans tide over this collective loss of confidence and find their combined national vigor back again.
974  Local / India / Re: India Banning Cryptos on: March 03, 2021, 03:40:51 AM
You are probably right that the CBDC might benefit us if everything is transparent but the major concern here is whether they will make it on a private blockchain or a public blockchain.
I don't mean it will benefit us as general public. It will benefit the government enabling them to collect more taxes. As citizens, if they impose CBDC on us and track every single transaction, it is but natural justice for citizens to be able to trace every penny spent. If a CBDC comes into usage, this will be a fight akin to the Right to Information.

If my Tax Commissioner and District Magistrate wants to know what I earn and how I spend, I want to know how he spends my taxes too.

According to an article I read today Shaktikanta Das mentioned in an interview that their major concerns revolve around financial stability.
This means that the CBDC will most probably be a stable coin. He also mentioned that once CBDC is launched they might tie up with banks of China where they have electronic Yuan.
Well, I am not sure how good this idea would be but it shows how determined RBI is to launch their own CBDC.
Of course it'll be a stablecoin, pegged to INR. By stability he wants to imply that crypto can cause financial instability. Crypto usage means that more people can have access to funds and revenue from alternate sources without ever touching the banks. This disturbs their precious cycle of keeping the masses bound with EMIs and Wage-cycles. The fear is irrational though, considering that most Indians usng crypto do so through KYC etc. Most others are really just seeing them as dev job opportunities. In their fear and ignorance, they are doing more harm than good.

My only concern is "Jo karna hai karo lekin Ban mat karo".  Grin
Amen Bro..
975  Bitcoin / Development & Technical Discussion / Re: Does Bitcoin become more decentralized over time? on: March 03, 2021, 03:15:05 AM
I am in a fairly urban area in one of the fastest developing countries of the world where we have good enough internet data capacity and speed to watch a few episodes on Netflix every second day. Yet, it is nowhere near the almost 200 GB plus upload/ download that a Bitcoin full node needs right now.

Any talk of increasing blocksize should first consider the actual internet availability. Only the most affluent of cities have those kind of limits.

Even if better internet reaches everywhere, you still won't solve the issue of Bitcoin being resource intensive. Already, we have calculations about how Bitcoin electricity consumption is equivalent to some Scandinavian country's consumption. Next it'll be about data and how much of it is being consumed by Blockchain ledgers, especially Bitcoin.
976  Bitcoin / Bitcoin Discussion / Re: Lowering the electricity bill by mining cryptocurrency on: March 03, 2021, 03:04:12 AM
How would preheating the air to a heat pump reduce the electricity bills?
The heat pump's heater has to work to heat incoming air up to the thermostat setting, say 25 deg before it automatically cuts off The incoming cold air can be near zero deg. If you preheat it using GPU heat, it will save the pump's heater some initial work from zero to say 6-7 deg celsius. This happens all the time in Thermal power plants where waste gases from furnace are redirected to a Air Preheater for raising temperature of air going into the furnace.

Anyhow, yeah nothing new. I've seen a few members using it for solomining during winter and someone rigging a huge radiator for it.
Yeah its not really new. Mild winter is easily handled in a 8ft x 8 ft room by a 4 GPU rig I run. I doubt its effectiveness in harsh winters but it does contribute in reducing the heating requirement.

To OP, This is not really a good example for off-setting Electricity consumption of Bitcoin Mining anyway. Most Bitcoin miners are huge farms and not really home-installed GPU rigs. Those are generally mining Ethereum. I doubt that the huge farms do anything with their heat output except vent it out using industrial fans and radiators.

Bitcoin's electricity expense is indeed an issue.
977  Bitcoin / Bitcoin Discussion / Re: Newbie and very confused, please help. on: March 03, 2021, 02:48:51 AM
If ACR is this online cards site you are referring to then your best bet would be to take a link of your confirmed transaction and contact their support as to why it is not appearing.

Those are custodial wallets managed by such sites themselves and the website has to update your in-site balance on their own platform.

If the transaction has multiple confirmations, then it is a website issue and not of stuck transactions etc.
978  Local / India / Re: India Banning Cryptos on: February 28, 2021, 04:56:08 AM
I didn't wanted to created another topic and so posting it in this relevant thread.

So the RBI governor Shaktikanta Das has confirmed that they are working towards launching their own Digital Currency.
The CBDC is receiving full attention from the RBI as cryptocurrencies are gaining popularity these days.
They are exploring the options whether a digital version of the fiat currency is necessary or not.

More info at : Explained: India inches closer to launching a digital currency; 5 key points
Indian payment systems are already digital enough. A CBDC would probably just serve the central banks better for settlement transactions with banks that they do on a daily basis. It may reduce the workload with DLT servers between the banks themselves.
Besides that, I don't think these will be anything like blockchains or cryptocurrencies. It is as good as replacing the database for central banks. Interestingly though, if the banks launch such currencies; it will become very easy for them to keep track of business transactions done by individuals and professionals. This also means more tax revenue. I think it will be fair if the public too gets to scrutinize the expenses from public authorities in return. Let us do away with CAG and all the other numerous audit agencies. Lets put everything on RBI's CBDC and let everyone watch the transactions.

If this is not the ultimate goal then using CBDC is only going to be an eyewash to dissuade the general public from bitcoin and crypto in general.
979  Economy / Economics / Re: Tech companies no longer "friends" on: February 28, 2021, 04:42:03 AM
The article talks about making IDFA opt-in for users. So you can choose for an app to track you and your usage. The scourge of "personalized targeted advertisement" is doing a lot of damage to us as individuals and overall as society. Facebook and Google have become the main benefactors and perpetrators of this trend.

If Apple actually follows this in spirit, I may actually invest to buy an Apple phone rather than letting all of these companies turn us into entertained, consumerist zombies. While this has little relevance to blockchain, this must be made mandatory for all smart devices.
980  Economy / Economics / Re: The bitter reality on: February 28, 2021, 04:36:40 AM
The bank has given you the option to withdraw all the money in the form of a Draft. So they are not seizing anything. Just refusing to provide services as per instructions from their regulator. Something similar happened in India. Major exchanges pooled together to take up a case in the highest courts. The courts decided in favor of the exchanges in that instant.

Unfortunately, there are no easy solutions to this. All crypto transactions are traceable. All of those hacked cryptos eventually end up in circulation and I don't think it is difficult to connect them. This is the right time for the Nigerian community to showcase the positive effects of crypto for young developers and algo traders. This should be done before the authorities make up their mind and just declare everything wrong based on feedback from their banker friends. The only way is to garner public opinion in favor of crypto.
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