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961  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: May 08, 2023, 06:11:52 AM
As for the current topic, have read a bit more into the whole "ordeal". I still see nothing wrong and only high demand. I get that it can be frustrating for average users wanting to make transactions to either have to wait or pay high gas fees, but if you're going to use Bitcoin, you should be aware that this can be the case. As I said before, otherwise use Lightning network. Ideally this will help drive further adoption.

Also on a selfish note the last month or so has been pretty boring for Bitcoin imo. This actually makes it more interesting in my opinion. Miners must be having a blast with transaction fees per block that have higher than the 6.25 block reward. I did used to think that it was possible that block rewards going so low could reduce hash rate growth over-time, so looks like this situation has removed that theory.
Although the current frenzy around funny green frog pictures seems a little artificially stimulated, this is another great stress test to test the Bitcoin network for anti-fragility and a clear demonstration in real time that the network can remain stable even in the distant future, when the reward for the block will tend to zero and the commission will be the only incentive for miners to continue working without relying only on sheer enthusiasm.

But does Bitcoin need any stress tests? Anyone, who has been in Bitcoin for a while, knows that Bitcoin is a very rugged technology. It's not easy to break Bitcoin. Do we need any further stress testing? I doubt it.

As to the miners, they do receive block rewards as well as transaction fees. It's a business, if it wouldn't be profitable it would not exist. I wouldn't call it sheer enthusiasm.  Grin
962  Bitcoin / Bitcoin Discussion / Re: The severity of the Ordinals Attack is increasing on: May 08, 2023, 05:44:12 AM
There has been a speculation that this attack is going to fade away slowly and there won't be any need for intervention to fix the protocol where it is being exploited by the Ordinals Attack. That seems like wishful thinking now.

As I've feared the market around this scam is growing hence creating the incentive to attack Bitcoin more and with more people. According to brc-20[dot]io website the trading volume of this scam has surpassed $10 million daily with a total of 14,079 scams at the moment.

We can see the effects of this attack on the mempool with the fees surpassing 300 satoshi/vbytes.
https://jochen-hoenicke.de/queue/#BTC,24h,weight
https://mempool.space/

This will only get worse as the scam grows and the scammers and idiots trading this garbage don't care about paying $50, $100+ for a transaction if they are laundering money with a fake transaction they call a token that is worth $1100+ or have a chance of scamming an idiot who would pay them that much for this garbage.
Regular users on the other hand do care about being forced to pay such outrageous fees just because scammers are spamming the chain.



The full nodes will also start being put under pressure as the spam will increase cost of running a full node for many reasons. From the increased traffic putting high pressure on their mempool and transaction relays to their chainstate (UTXO database) growing with a lot of dust outputs that can not be spent but they have to load in their memory for transaction processing.



https://statoshi.info/d/000000009/unspent-transaction-output-set?orgId=1&from=1682080884686&to=1683521607397

Both of the above charts show a very fast slope of how this attack is growing in size and severity.

I wonder how much more should we wait to stop this attack? The fees are ridiculous, 100sat/vbyte is a reality already now (if you want reasonable transaction times). I'm waiting for the core devs to respond to this hostile action against Bitcoin. Taproot bug must be fixed.
963  Economy / Economics / Re: Wind Power Has A Profitability Problem on: May 07, 2023, 09:34:09 PM
Meanwhile, a very strange paradox has emerged in the US wind energy market:
Quote
The wind energy market is stuck in this very strange paradox right now. We have the best long-term climate policy certainty ever, across all the largest markets, but we’re struggling through a period where the whole industry, particularly the supply chain, has been hit by issues that have culminated in destroying profit margins and running many of the top OEMs [original equipment manufacturers] and their component vendors into negative profitability territory.
Negative profitability territory is a more politically correct designation for the billion-dollar losses that the US wind power giants have been suffering for several years, despite the political importance of the climate change agenda and generous government subsidies in the campaign to eliminate dependence on fossil fuels.

What I’m seeing is a colossal market failure.

Against the backdrop of growing economic problems in the United States, this green environmental movement is becoming more and more like a large-scale scam to develop budget funds for an initially economically unviable idea.

Share your opinion on this matter.

Profitability of green energy and wind energy in particular depends on many factors: like location for example. In some places if can be profitable in other not so much. Flat or almost flat countries with access to the sea/ocean have more chances in becoming profitable in wind energy. 

It is also possible, that wind park operators are heavily investing in new wind turbines which are known to be ridiculously expensive. So, if you're running a wind energy park of say 100 turbines and buy/install 10 more you're suffering losses and in most countries you don't have to pay taxes but it doesn't mean your business in not profitable.
964  Bitcoin / Mining / Re: Minners in Kazakhstan pay high electricity tax on: May 07, 2023, 08:51:51 PM
Kazakhstan is a well known bitcoin hub alongside countries like China and USA the country is a top ranked bitcoin mining country, they contributed to 13.22% of total bitcoin hash rate in January 2022. Same year, 2022, they passed a bill and made an increase on the electricity fee for bitcoin miners, which skyrocketed from $0.0023 per Kwh to $0.01. As of 2022 the country Kazakhstan generated 7 million dollars from bitcoin miners; 1.5 million in the first quarter. Hence, the fee is low for miners that use renewable energy; green energy. But, that doesn't work well on bitcoin mining. How can bitcoin miners settle the high rate of electricity bills channeled to them? Is it affecting bitcoin transaction fee?

https://cointelegraph.com/news/kazakhstan-collected-7m-in-crypto-mining-taxes-in-2022

$0.0023 is almost free electricity. $0.01 is a x5 increase but still very cheap. They should be good, I guess will just have to upgrade some ancient hardware to something more or less modern and that's it.
965  Economy / Gambling discussion / Re: Tennis League All Thread on: May 07, 2023, 08:45:57 PM
Nadal announces forfeit, since he will not participate in the Internazionali in Rome.
a bad news for tennis fans (like me who will obviously follow some live matches Smiley ) but above all Its also a bad news for him since the player also risks to fall out from the ATP top 100 !

Thats not good and a bit worrying that its taking so long for that hip injury to heal
and for him to get back to fitness.

Alcaraz has won the tournament again. Still impressive what he has shown again. He is so consistent, and in long rallies he is almost always the better one. There are few players who can keep up with his level.

Yes good win by Alcaraz and Struff in fairness gave a very good account of himself,
managed to take a set from Alcaraz but in the end Alcaraz showed his class eventhough
Struff as suggested tried the serve and volley tactic.

Agreed, Struff showed his best tennis. But to be fair, he missed some good break opportunities and who knows what the outcome would have been if the German would be a bit more confident.

Meanwhile, Petra Kvitova pulls out of Rome with a foot injury: https://www.flashscore.com/news/tennis-rome-wta-singles-miami-champion-petra-kvitova-withdraws-from-italian-open/tU92YLAt/
966  Bitcoin / Bitcoin Discussion / Re: Bitcoin network fee, worrying sign? on: May 07, 2023, 04:08:23 PM
Sorry for another topic about the recent issue going related to bitcoin network congestion but I really want to know that Bitcoin ordinals so called NFTs is really going to change the fee required for the transaction in the future?

Because I didn't witness such kind of clog since 2017 but by that time there is no segwit, exchanges are clogging the network purposely and so on but later for so many years the fee issue isn't really there but all of a sudden we have to pay over 100 sats for over transaction to get into the block may create a bad image and it will create the FUD and may initiate the price drop.
I thought that by today the fees are going to be much lesser than yesterday but it doesn't look like that. As of checking, the amount for the fees set on the mempool is more expensive right now, yes today it's much more expensive. IIRC, the fee during 2017 bull run, it was more than this.
But during that time, it was bull run and right now it is not yet bull run. And those that don't want to have their transaction take long, you have no choice but to pay for the suggested fee as priority.

How can you be so sure it's not bullrun now? In theory, bull cycle starts immediately after we reach the bottom. And I'm pretty sure the bottom is in for this cycle. Indeed, we haven't reached the parabolic growth or the final stage of every bullrun but we're not in a bear market either.
967  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: May 07, 2023, 12:08:23 PM
Muahaha, you're truly retarded. Check the date on that article you're referring to. You know what a date is? It's a combination of umm... letters and numbers normally located under the heading.  Grin  And you know what, the article you're referring to is dated December 14, 2022. So about half a year ago!

And now, my little retarded friend, a reality check for you: Google (if you know how to Google) this article from Reuters too: India and China snap up Russian oil in April above 'price cap' dated April 18, 2023! I'll even quote it for you here:

Quote
That means the Urals price on a free on board (FOB) basis in Baltic ports, allowing about $2 per barrel of additional transport costs, has been slightly above $60 per barrel so far in April, Reuters calculations show.

Check and mate! Knockout! Or whatever else you may call it.

Now I'm waiting impatiently for a new fresh chunk of BS and propaganda lies from you.  Grin


Too bad you don't use your brain Smiley
I did not just suggest that you study how the oil market works. And what is the price of oil... Okay, I'll give a lesson again, for the general development of the undeveloped Smiley

The fact that you can find an article where someone bought oil at the price that excites you is your merit Smiley But the reality is far from this.
1. Market manipulation. There is such a topic. And this Russia is trying to use. Official applications can be made for $100. But here you need to understand the features of the two main buyers - India and China. Provided that now India buys most of the Urals oil. This, as they say, is nothing personal - just business and a little oriental magic. I explain:
The DECLARED price and the real one, in the case of India buying oil, is a very cunning interweaving of corruption, oriental fairy tales and the same oriental trick.
Corruption is the first and very important. In India, the government, to put it mildly, easily and cynically profits from its population. Where will the population go - from "expensive gasoline"? Nowhere. Therefore, an opinion is being formed that oil is expensive = expensive gasoline, and 50% of the margin is in the pocket of the "caring government".
Tales and tricks of the East: As you know, oil deals between Russia and India are in Indian rupees. India pays for Russian oil in RUPIECES Smiley And now we are thinking - where does the price come from in DOLLARS? The first answer is - well, there are cross-rates, the ruble to the dollar and the rupee to the dollar, and the answer is how such a NOMINAL price is obtained. All right. But the exchange rate of the ruble against the dollar is artificial, from the word ABSOLUTELY. Therefore, due to a little manipulation, we get a NOMINAL HIGH PRICE. In reality, India does not pay Russia 60 real dollars Smiley


2. For children with a developmental delay, it is customary to present information in pictures - for better perception. I prepared this for you - oil prices. Don't forget the previous point!
And once again - this is the price "come and buy now", i.e. maximum. Any contracted "long deal" ALWAYS comes with discounts, and that's 20-40%. Then try to think about what I said Smiley



PS I am glad that you began to react cheerfully, and strain yourself at least by searching for information on the Internet, and even its superficial analysis. Do not thank for the progress in your development - I do it from the bottom of my heart Smiley

Whoa, that's exactly what I expected - fresh load of lies and BS.  Grin

Quote
In reality, India does not pay Russia 60 real dollars

Which reality? Your own imaginary one?  Grin You have provided absolutely no proof, you realize that? I can write whatever I like without providing sources too, just bla-bla-bla.

But this one, this one is a real gem:
 
Quote

First time in history a person refutes his own statement. You have a vegetable IQ, do you? Actually even lower, a negative below-zero IQ  Grin Grin Grin

You mentioned here previously many times that the price of Russian oil is ~$30-$32-$35. This chart you provided shows that the average Urals oil price is around $55. So you're actually retarded enough to debunk your own lies?  Grin Grin
968  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: May 06, 2023, 10:21:30 PM
....
And again, no source mentioned and you keep operating with those laughable numbers "$30-35". Where do those numbers come from? Straight outta your ass? Why not $3? Man, it's even funnier shit than "Putin is dying of cancer", "Russia ran out of rockets", "Russia is going to split into 5 independent states" etc...  Grin Grin Grin

I get the feeling that I'm talking to an embittered, ill-mannered child with a developmental delay Smiley Do not be offended, but from the outside your "objections" look exactly like that. You know - when a child does not like reality - he starts yelling "no, it's not like that, I know better..." and you are also primitively rude, as if expressing your thought differently, you just don't have enough intelligence Smiley

I give you the key phrase "Reuters: Russia sells oil to India for only $32-35 per barrel: this is half the market price" - I'm sure you should at least be able to use search engines Smiley

And I strongly recommend that you study the oil market. How it is sold and what is the "here and now" price and how it differs from global supply, as well as what is the level of discount and the cost of insurance, freight, logistics costs, and who pays them. And if you know how to count and carry out simple arithmetic operations, you will be able to understand what the real cost of oil from terrorists is Smiley

Muahaha, you're truly retarded. Check the date on that article you're referring to. You know what a date is? It's a combination of umm... letters and numbers normally located under the heading.  Grin  And you know what, the article you're referring to is dated December 14, 2022. So about half a year ago!

And now, my little retarded friend, a reality check for you: Google (if you know how to Google) this article from Reuters too: India and China snap up Russian oil in April above 'price cap' dated April 18, 2023! I'll even quote it for you here:

Quote
That means the Urals price on a free on board (FOB) basis in Baltic ports, allowing about $2 per barrel of additional transport costs, has been slightly above $60 per barrel so far in April, Reuters calculations show.

Check and mate! Knockout! Or whatever else you may call it.

Now I'm waiting impatiently for a new fresh chunk of BS and propaganda lies from you.  Grin
969  Economy / Gambling discussion / Re: Tennis League All Thread on: May 06, 2023, 09:34:50 PM
Sabalenka won the title in Madrid by beating Swiatek in 3 sets 6:3, 3:6, 6:3. Quite an unexpected result if you ask me, my bet was on Iga (see post above). Sabalenka started very agressively, first set was rather easy. In the beginning of the second, Iga managed to break her opponent and was leading 3:0. However the Belarussian managed to come back 3:3, only to lose in the ending 3:6. In the 3rd it was the other way round - Aryna got ahead 3:0 and Swiatek managed to come back and make it 3:3 but then lost 3:6. Congrats to the Belarussian, who turned 25 earlier in Madrid. Nice birthday present, huh?  Grin

Men's final tomorrow.
970  Bitcoin / Development & Technical Discussion / Re: How to check if an hot wallet is linked to an IP address on: May 06, 2023, 09:15:51 PM
Hello,

Is there any means (website for example ?) to check someone's hot wallet IP address ?
For example if I type a reception address or public key I find the IP address

Thanks

Interesting discussion, I will follow it. I'm not aware of any publicly available website to check for IPs associated with Bitcoin addresses. So, in theory, if you're running a software wallet like Electrum and don't send/receive funds from/to exchanges you should be able to remain anonymous. Steps to improve privacy were already mentioned in this thread: use VPN/Tor and run your own full node.
971  Economy / Exchanges / Re: Rip localbitcoins.com on: May 06, 2023, 08:53:44 PM
The trading volume in LocalBitcoins has been declining for a long time, and there is no significant market demand for their service. No company will run a business that is not profitable anymore. So, they had to take this decision.
Localbitcoins lost their trading volume because they used to be a p2p BTC exchange that later began to ask for KYC from their customers, their users were people who wanted to trade only p2p, so obviously trading volume was going to drop, as their customers moved to other BTC p2p exchanges.


whole saga explained in short
when P2P traders become popular. THEIR BANKS see people using personal accounts doing ALOT of wire transfers. much more than normal people do on personal accounts. this triggers banks to flag such accounts and investigate

in many cases those p2p traders had to upgrade to business accounts register as a payment facilitator/money service. which meant requirements of doing KYC

this eventually lead to localbitcoins needing to add this data collection feature

other events where scammers. who would buy bitcoin. and where the scammer would contact their own bank and claim that a hackers accessed their bank and sent some money to a thief. .. thus the scammer got the bitcoin and a fiat refund. and made the btc seller be flagged as a thief

this too caused sellers to want more info on the buyer to prove the buyer was the account holder

..
now here is the thing
DEX platforms are new. so they have yet to hit the scenarios localbitcoin sellers are hit with due to lack of popularity.. however when DEX seller get popular and start doing too many wire transfers or getting scammed and treated as thieves. they too will end up shutting up shop or going official.

thus DEX wont change things, its just the same saga in repeat. where DEX is just at the beginning and yet to hit the drama

I think there's more than that. Scammer issue is pretty much solvable, in the worst case they could have left just the cash option. KYC also doesn't seem to be the root of the issue - they could have just migrated to another country (somewhere offshore). I've heard rumors that they were having issues with authorities, perhaps they were forced to close? But then again: why didn't they sell the company or the domain? I guess there would be many people willing to take over.
972  Economy / Economics / Re: What do you think of gold price in long term? on: May 06, 2023, 07:58:13 PM
As fiat currencies dump, some countries are moving towards increasing the amount of gold they have in their reserves. More specifically some of them are dumping US dollar to replace it with gold. For example India recently bought 200 tonne of gold and there is rumors of more conversions happening. China has been doing something similar under the radar. So are others.

However, we haven't seen any significant changes in gold price yet to approve the above news.

I'm wondering what does everyone think about gold price in the long term, specially in coming year or two as the conflicts get worse and more economies crash which would push regular people to invest in gold and more governments to start increasing their gold reserves on larger scale.

If we take a look at the graphs, we'll find out that gold is in fact the most boring, stagnant and dull asset there is. Nothing ever happens in the world of gold and if the price grows it's just for a brief moment and it soon goes down to the initial point or lower. It's often considered a hedge against inflation or a safe heaven and I could agree with that but nothing more... not a very good investment if you ask me. Stability - yes, opportunity -no.
973  Economy / Gambling discussion / Re: Tennis League All Thread on: May 06, 2023, 12:59:19 PM
I watched the first set only of Struff v Karatsev and thought Struff wasnt going to be
able to win with a second chance against the Russian. I was surprised to see the result
this morning, another massive win by the German.

Is anyone gonna speculate a bet on Struff to take the title? He is a massive 8.6 on Rollbit.



On the womens side its Swiatek v Sabalenka, that should be a cracking match, Sabalenka
has been very consistent for a while now and Swiatek has been really great in Madrid and is
favourite.

Nothing to be surprised about: Karatsev apparently picked up an injury. He had elastic bands around his thigh and also some tape around his biceps. He also called a physio for a medical timeout. But of course Struff played quite well too, I can't say he didn't deserve to win.

Speaking about the final, I'm pretty sure a person in his/her right mind will bet on Alcaraz. But, let me remind me what happened earlier this year in Rio when Carlitos played Norrie, got injured during the final and lost the match. So, you never know what is going to happen.

Swiatek v Sabalenka also seems pretty straightforward to me: Iga has been very consistent lately and I believe she will win in it straight sets. Sabalenka until now has been quite hesitant from the start but eventually she gained momentum and later into the match she was ok (like for example against Andreeva). But still my bet will be on Swiatek.
974  Bitcoin / Bitcoin Discussion / Re: Mempool full? Long transaction times + fees x10! on: May 03, 2023, 10:19:17 PM

well those types of people dont know what value is in the first place. i see many people that still think VALUE is whatever people ask.. but its not.. they confuse price with value
yeah, value and price are two different things. people selling their bitcoin ordinals hope the buyer will confuse the two though and think of them as being one in the same.


Quote
if random people were doing it or more then a couple. then there would always be a persistent level of random memes.. but for the complete drop, well that shows only one idiot or a couple of idiots working together that are involved in the fee attack using memes as the weapon

bitcoin is under a brc-20 spam attack lately it seems like: https://ordinals.com/inscriptions/1985780   Shocked

https://ordinals.com/inscription/07938984de137d6d2c756af5ae5950a25f3085bc9079e183852481eddc3804c3i0
{"p":"brc-20","op":"mint","tick":"#gua","amt":"1000"}


according to https://thebitcoinmanual.com/articles/brc-20-tokens/

BRC-20 tokens are rug-pull technology, and rest assured, once a market is made for this bitcoin-saved metadata, you’ll see people selling you overpriced JSON files for bitcoin.



Quote from: Hispo
Is there some practical way to gather information and find out whether this is indeed the sabotage work being carried up by a handful of people instead a whole meme community bloating the mempool?
one good way to get an idea is to look at the inscriptions themselves that are coming hot off the press. have the last few hundred been all of the same type? then it's probably the same person.

Quote
There is a long path ahead, it seems...
if no one does anything to stop it, then yeah it will be. when you make it cheap to abuse the network then that's kind of like asking for trouble...

What frightens me most... these attacks/spam tokens are evolving to cause max damage to the network. Like brc-20 is more spammy than ordinals. I'm not sure what core devs are waiting for? Mempool coming to a complete stall? That Taproot bug has to be fixed once and for all.
975  Bitcoin / Bitcoin Discussion / Re: Bitcoin bull in Maui on: May 03, 2023, 10:03:08 PM
Just a couple cool shares from this past week.
I was on vacation in Maui the past week and I saw this cool Bitcoin Bull in the window of a fine art metal shop.




Also went on a snorkeling boat tour and after it was over the guys running it asked for tips and named several ways they take tips including Bitcoin! First time I've ever personally experienced someone saying they take Bitcoin for payment (it was just for the tip, but still cool).

Ironically, there's an Apple Pay sticker on the window but no Bitcoin Accepted Here sign. As to the bull, it reminds me of a similar (but somewhat bigger) statue at the Bitcoin conference 2022 in Miami.  Cool
976  Economy / Gambling discussion / Re: Tennis League All Thread on: May 03, 2023, 08:56:07 PM
Nice win by Karatsev against Medvedev. 7-6 / 6-4. Despite he was not the favorite of the day he performed really well, he has made a great match today with just few errors.
Medvedev again not in a perfect shape (probably he has some cold?) and not able to perform at highest level as usual.  
By the way it seems he will be present in Roma ! https://www.internazionalibnlditalia.com/players/daniil-medvedev/

Medvedev has still a good bit to go to be consistent on clay even though he was seeded
number 2 for this tournament.

Alcaraz v Zverev ended in a massive anti-climax for anyone hoping Zverev was going to
be a worthy challenger - 6-1 & 6-2.

In these rounds of 16 the only top seeds left to play are Tsitsipas2, Fritz8
and Khachanov10, I cant see any of them beating Alcarav and taking the title.
This should be a repeat of the last final with Alcaraz and Tsitsipas getting there. Draw was a bit weak from the start and nobody really with the form and game good enough to seriously threaten them. Maybe Khachanov on his best day but clay isn't really his favorite surface.

I hope you guys made some money on Medvedev, he isn't even top 20 player when clay is the surface and I am taking handicaps against him in every round and then ML as soon as he has proper opponent. I think I just lost one bet ever in this way and that was when he won against Zverev recently.

Yes, Barcelona Alcaraz beat Tsitsipas 6-3 and 6-4, What can Tsitsipas do this time
around to overcome Alcaraz?

Re Medvedev, no I havent been betting either way on him and eventhough I have been
watching bits and bobs of certain matches I actually havent bet that much on the
Madrid tournament. My last bet was Friday on Musetti but he got beaten by Hanfmann
which was disappointing after his decent run at Barcelona to get to the semi final there.
We have the first quarter finals to be played between Khachanov and Alcaraz. Will this going to be hard fighting, because Khachanov played hard against Rublev to secure his position on the quarter finals. Based on the players in the quarter finals I believe Alcaraz, Zhang, Coric and Tsitsipas to reach the semifinals.

Well, Alcaraz won 6:4, 7:5 but Khachanov also played really well. The Russian was leading 4:1 and 5:3 in the second set but still somehow managed to lose the set and the match. Khachanov didn't manage to use the opportunities his opponent offered him. He had several break points he didn't convert and was even serving for the set. I have to add that my (winning) bet was on Alcaraz.  Cool
977  Bitcoin / Bitcoin Technical Support / Re: 8,000 bitcoin Lost because of the blue death screen. on: May 03, 2023, 08:17:41 PM
So anyone willing to help be aware.  Angry
Help with what exactly? It's a bought fake wallet with no actual private keys, I just don't understand why people keep such large amounts on a single exposed public key.

When you want to be your own bank, you should also do what bankers do, doing some work to keep the money safe, in bitcoin is as simple as holding the coins on a fresh address with no exposed public key. But we don't really know what has happened to some of these wallets and their owners.

With recovering the funds. Read the thread, there are people actually volunteering to help.  Grin

As to keeping huge amounts in a single wallet, if it was created back in 2010 it's possible because 8k BTC was peanuts back then and there was no reason to split or somehow protect it additionally.  Grin
978  Bitcoin / Bitcoin Discussion / Re: Bitcoin funding illegal activity, whats your opinion? on: May 03, 2023, 07:17:17 PM
A lot of people made thousands, milions using the decentralized blockchain currency for over 10 years now.
Obviously Bitcoin was a big impact on the internet and has helped lots of people.


But, it has also been used, still being used, for all sorts of criminal activity, providing a payment and wealth storage solution to armed conflicts, organized crime, narcotic trades etc..

What would be your take on curbing this issue?

I bet if we compare BTC to FIAT, we'll find out that BTC is only responsible for a tiny part of all crimes. So what now? Ban FIAT? Drug dealers, hookers, child p*rn lovers, arms trade tycoons - all of them are using FIAT and I bet most of them don't even know how to use Bitcoin. The issue is not the technology, people are the real issue. As long as there will be criminals, BTC will be used along with other currencies.
979  Bitcoin / Bitcoin Technical Support / Re: [May 2023] Fees not low! Wait for opportunity to Consolidate your small inputs on: May 03, 2023, 07:07:55 PM
wtf... Block reward is 6.25BTC and i saw a block that almost got 2BTC just from fees...

Can anyone explain what's going on? Whats that high insanely demand on the Bitcoin Network??

Who is causing this? A lot of people are selling BTC??

This might be a cause for a crash

I wonder where have you spent the last several months? On another planet? Have you heard about ordinals? Google it. And stop spreading FUD, nobody is selling Bitcoin. It's amazing when people see something they can explain and panic starts immediately ("we're all gonna die" mode kicks in) without even doing research first...  Cool
980  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: May 02, 2023, 09:58:34 PM
^^^ I don't know from where you get this story of Russia selling it's crude at $35 per barrel. At this point, the Indian refiners are purchasing Urals at very close to the market rate. The FOB price is around $65, and another $20 per barrel gets added to it in the form of freight and insurance. So in total we are paying around $85 per barrel for the Urals crude. The crude from Saudi costs around $92 per barrel, including freight and insurance. So the difference is now very minimal. And although some of the banks are refusing to make the payments, there are plenty of alternate options available.


That's exactly what I'm talking about! A naive layman in India is told "yes, we buy at 100+ dollars per barrel, but there is a crisis in the world and a wild shortage of oil, because all the world's oil depends on Russia, you UNDERSTAND!".
After that, they make such smart and tense faces, and go into their offices to laugh at gullible citizens, and count their excess profits. And there is something to consider: 70 dollars of the declared price minus 35 dollars of the real = 35 dollars per barrel into your pocket. In invented you are only 35 dollars deceived? No ! Smiley And then plus $ 35 per barrel in the form of final gasoline or diesel fuel that you fill your vehicles with. Well, because oil is expensive! Smiley And of course - there is no price of 30-35 dollars, no Smiley))))

PS By the way, your opinion is of interest - why has Rosstat classified oil production statistics in Russia since April 2023?


And again, no source mentioned and you keep operating with those laughable numbers "$30-35". Where do those numbers come from? Straight outta your ass? Why not $3? Man, it's even funnier shit than "Putin is dying of cancer", "Russia ran out of rockets", "Russia is going to split into 5 independent states" etc...  Grin Grin Grin
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