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1  Bitcoin / Development & Technical Discussion / WTF? 922 minutes since last block was mined. on: April 08, 2021, 06:30:49 AM
I've just checked https://mempool.observer/

Is this wrong?



The mempool doesn't seem to have saturated with many transactions since the last block was mined, so I doubt if it's a web error or what.
2  Economy / Economics / More bullish news: Paypal will alllow crypto checkout on: March 30, 2021, 11:52:27 AM
Up until now, Paypal allowed you to buy Bitcoin. Now it will allow you to spend it. The purists will be unhappy that it will do so through automatic conversion to Fiat but this is yet another step towards mass adoption.

"PayPal, which last year added the ability to buy, hold and sell cryptocurrency, is pushing it as a payment method across the 29 million or so online merchants connected to the fintech giant.

Announced Tuesday, PayPal’s Checkout will allow bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC) to be seamlessly converted into U.S. dollars or other fiat currencies when making purchases, the same as credit card or a debit card would work inside a PayPal wallet, said PayPal — meaning merchants will not actually be the recipients of cryptocurrencies.

Calling it “a new way for businesses to get paid,” the checkout service is all about driving mainstream adoption of cryptocurrencies, said Dan Schulman, president and CEO, PayPal.

“Enabling cryptocurrencies to make purchases at businesses around the world is the next chapter in driving the ubiquity and mass acceptance of digital currencies,” Schulman said in a statement.

Cryptocurrencies are going mainstream with banks and institutional investors taking an interest, but the utility of Bitcoin and other crypto tokens when it comes to buying goods has always been limited due to their volatility.

But PayPal, which made a huge splash when it officially entered the crypto space last October, wants to smooth those wrinkles out and get its wide network of merchants onboard.

Since introducing the crypto service, PayPal has increased weekly purchase limits two times from $10,000 to $15,000 and then $20,000."


Read more on: PayPal Pushes Crypto Further Mainstream With Checkout Service for 29M Merchants
3  Economy / Economics / Bullish: Visa moves to allow payment settlements using cryptocurrency on: March 29, 2021, 11:43:51 AM
This does not stop, gradually we see, and we will continue to see: 1) companies that buy bitcoin 2) companies that allow payment with bitcoin and cryptos in some way (even if it is with automatic conversion to fiat).

Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.

Visa has launched the pilot program with payment and crypto platform Crypto.com and plans to offer the option to more partners later this year, it said.

The USD Coin (USDC) is a stablecoin cryptocurrency whose value is pegged directly to the U.S. dollar.

Visa’s move comes as major finance firms including BNY Mellon, BlackRock Inc and Mastercard Inc have embraced some digital coins, sparking predictions that cryptocurrencies will become a regular part of investment portfolios.


Source: https://www.reuters.com/article/crypto-currency-visa/exclusive-visa-moves-to-allow-payment-settlements-using-cryptocurrency-idUSB8N27V00M

We have seen several news of this kind lately, and I believe we will continue to see them.

4  Other / Meta / Can someone check if there is something wrong with this? on: March 20, 2021, 07:22:09 PM
I will explain in chronological order.

First I see this thread opened in the Serious Discussion board: What is merit? I've been about to report the thread because the subject has been discussed many times and I don't think it's suitable for that board. OP should have done research before opening the thread. If that's a newbie in the Newbies and Help section it's OK I think but not there for a junior member.

But then I go and see his profile and I see the account whas created in May, 2016. It wrote only one post then and the account was not used until last December when it started to apply for bounty campaigns.

Then, I check the trust but there is no feedback whatsoever.

But finally, I look at the merit and I see he was given 10 merits in a short period of time by the same guy who has been given negative trust by @marlboroza:

   " March 08, 2021, 09:49:30 AM: 3 from Hobo66 for (Deleted/Off-limits/Ignored)
    March 08, 2021, 09:48:53 AM: 3 from Hobo66 for (Deleted/Off-limits/Ignored)
    March 08, 2021, 08:55:29 AM: 4 from Hobo66 for (Deleted/Off-limits/Ignored)"

To me this smells like a sale of an account and that the same guy who sold him the account has given him the merits to rank up. I have no way to prove it but it looks very suspicious to me.

What do you think?
5  Other / Politics & Society / WHO: COVID-19 median infection fatality rate 0.05% for under 70's on: March 18, 2021, 07:07:27 AM
In case it wasn't already more than clear, this is not about a dangerous deadly virus, this is about a social engineering project and the 2030 agenda. Anyone who doesn't know what I'm talking about should read A Brave New World and 1984.

Infection fatality rate of COVID-19 inferred from seroprevalence data.

According to this research, COVID-19 "infection fatality rate was 0.27% (corrected 0.23%)". That's for all ages, including those who are going to die soon anyway. " In people younger than 70 years, infection fatality rates ranged from 0.00% to 0.31% with crude and corrected medians of 0.05%."

"The inferred infection fatality rates tended to be much lower than estimates made earlier in the pandemic."

So this is why billions of people will have to get vaccinated every 6 months. The profits for the pharmaceutical industry apparently have nothing to do with it. This is why there are lockdowns and destruction of the economy, especially small businesses.

Plainly stated, this is a scam.
6  Other / Politics & Society / Believing in impossible things – and COVID19 on: March 09, 2021, 06:00:51 AM
Today I want to bring the thoughts of Dr Malcolm Kendrick, and I will summarize what he says but it is worth reading the whole article.

"1: ‘The Concept of Coronavirus Herd Immunity Is Deadly and Dangerous’ "..."Then the vaccines arrived at fantastical speed and I was told that mass vaccination, by creating herd immunity, would be the factor that would allow us to conquer COVID19 and return to normal life. I am not entirely sure which of these things is impossible, but one of them must be."

"‘2:  Vaccines, on the other hand, are believed to induce stronger and longer lasting immunity.’"..."I think it is pretty close to impossible that vaccination can provide greater protection than that from getting the actual disease. Which is why I think it is utterly bonkers we are actually vaccinating people who have circulating antibodies in their blood."

"3: Universal mask use could save 130,000 U.S. lives by the end of February, new study estimates.’ "..."we have now entered a world when political fact checkers feel free to attack and contradict the findings of scientific papers, using such scientific terms as ‘Mostly false.’ Maybe they should have called it ‘very unique’ at the same time"

"4: As of the 2nd March 2021 there have been 122,953 deaths from COVID19 in the UK.

Unlike many people I have actually written COVID19 on death certificates. Mostly they have been educated guesses. On at least five of them, early last year, there had been no positive swab to go on. So, I was just going on probable symptoms. As were many other doctors at the time.

Which means that you can take five off that number for starters. Although, of course, once written, that is very much, that … when it comes to death certificates. In fact, early on in the pandemic, we were probably underdiagnosing as often as over diagnosing deaths from COVID19. Although no-one will ever know. With no positive swab – and few swabs were being done – and almost no post-mortems – you were simply guessing."



More on : https://drmalcolmkendrick.org/2021/03/06/believing-in-impossible-things-and-covid19/

This is the scientific objectivity sold to us by the official positions. We have to believe that COVID is a terribly deadly disease, when percentage-wise it is ridiculous, and the percentages were inflated, especially at the beginning of the pandemic, because everything was overdiagnosed as COVID.

https://www.facebook.com/MichaelMcNamaraTD/posts/3840557722640402

7  Other / Politics & Society / Why COVID diagnostics are crashing. on: March 06, 2021, 04:27:11 AM
It turns out that we have an epidemic that has been called a pandemic to scare more, in which cases have been inflated counting as infected people who do not show any symptoms at any stage and counting as dead by COVID people as cancer patients who exceed life expectancy, although they did not show any symptoms, if they were tested for COVID and were positive.

Lately COVID cases are dropping significantly. Is this due to vaccines? Not at all:

Is This Why "New COVID Cases" Are Crashing?

"The scary red numbers are all going down. Check any newspaper or covid tracking website you want. Cases. Deaths. Hospitalisations. They’re all going down, sharply, and have been for weeks, especially in the US and UK."..."The assumption most people would make, and would be encouraged to make by the talking heads and media experts, is that the various “vaccines” have taken effect and stopped the spread of the “virus”.

Is this the case? No, no it’s not.

The decline started in mid-January, far too early for any vaccination program to have any effect."..."Another suspect is the lockdown, with blaring propaganda stating that all the various government-imposed house arrests and “distancing” measures have finally had an impact.

That’s not it either.

Sweden, famously, never locked down at all. Yet their “cases” and “Covid related deaths” have been dropping exactly in parallel with the UK."..."on January 13th the WHO published a memo regarding the problem of asymptomatic cases being discovered by PCR tests, and suggesting any asymptomatic positive tests be repeated.

This followed up their previous memo, instructing labs around the world to use lower cycle thresholds (CT values) for PCR tests, as values over 35 could produce false positives.

Essentially, in two memos the WHO ensured future testing would be less likely to produce false positives and made it much harder to be labelled an “asymptomatic case”.

In short, logic would suggest we’re not in fact seeing a “decline in Covid cases” or a “decrease in Covid deaths” at all.

What we’re seeing is a decline in perfectly healthy people being labelled “covid cases” based on a false positive from an unreliable testing process."
8  Economy / Economics / What do you think about borrowing against your bitcoin? on: February 26, 2021, 02:58:11 PM
I do not like debt.

I think a lot of the financial problems the world is dragging down come in large part from debt. The over-indebtedness of people, of states, of companies. Money is created as debt. At first it was mortgages and personal loans, then credit cards, but today you can finance practically everything.

I've been hearing the idea that selling your Bitcoin to take (some) profits is stupid. That it would be better to borrow against it and let it keep growing. I heard this from Saylor a Max Keiser. If you really believe that Bitcoin is going to keep growing, that it's going to reach $1M or more, why are you going to sell it at $50k?

The idea would be to borrow using the Bitcoin as collateral, and refinance as the price continues to rise. That way you don't sell your Bitcoin and you don't pay taxes, income tax or capital gains.It should be done with a low debt ratio, which will allow you to weather a bear market storm for a couple of years.

I do not see it clearly, I understand that in general the best you can do is to avoid debt and increase your net worth, and you can only sell partially when the price reaches certain milestones. For example, you sell 25% when the price reaches $100k, another 25% when it reaches $250k, and so on.

I don't like the idea they propose either, because if it were to become generalized, bitcoin would be encouraging the very thing it proposes to flee from: bitcoin is an alternative to money as debt and encouraging massive indebtedness by taking bitcoin as collateral seems paradoxical, to say the least.

I'd like to know what you think about it.
9  Other / Serious discussion / Bitcoinaires on: February 21, 2021, 10:59:59 AM
It has occurred to me that we could start to use the term bitcoinaire in the same way we use the term millionaire today. A millionaire is someone who has $1M net worth (assets minus liabilities). Let's say he has a $340k paid off house and $660k worth of mutual funds (and no debt).

The term millionaire has always been used as a reference, but it is obvious that purchasing power has changed. Someone with $1M of wealth in 1980 had much more purchasing power than a millionaire today. Still, the term millionaire is still a good reference for someone who has accumulated a decent net worth, is financially stable, and is better off than most in economic terms.

I will propose a frame of reference to be used as a basis for transferring it to the term bitconaire.

A person with $1M net worth can buy a decent house in a developed country and, at least on paper, could live off the return on their investments without touching the principal. So, an American with a $340k paid off house and $660k in mutual funds, has a good house and, in theory, could live if he got a 10% annual return on that $660k.

I've taken that house price because the U.S. median home price is $340,000.

As for the mutual funds, in 2019 the median household income in the USA was $65k. 10% of the $650k would be $65k.

So we can say that, to call someone a bitcoinaire, that person he would have to have enough bitcoin holdings to buy a mid-priced house in the USA and with the remainder he should have 10x the median household income. With this definition, we detach ourselves from the evolution of the price of the dollar or bitcoin. Today we still think in fiat terms but tomorrow Bitcoin may be the unit of account. Even Morgan Stanley recently stated that Bitcoin is Making Progress to Replace Dollar. I that happens, I think we won't be talking about millionaires any more but bitconaires.

At current price ($57.5k) I am sure there are some bitconaires in this forum with 17.3BTC or more.
10  Other / Serious discussion / Is Michael Saylor the best Bitcoin Ambassador we can have nowadays? on: February 12, 2021, 02:24:50 PM
It's not that I'm proposing him to be such, it's just a figure of speech  Wink.

I remember I got interested in Bitcoin in June 2016. At the time, the character who came out the most was John McAfee, saying things like he was going to eat his dick on national TV if Bitcoin didn't reach $500K by the end of 2020. A bit afterwards he upped the bet and said 1 million. He openly acknowledged using drugs and prostitutes, but that is only what he acknowledged. At least there were allegations of him being linked to bribery, underage prostitution, rape, and murder.

Another person who has done a lot to spread awareness of bitcoin has been Andreas Antonopoulos. But I think in his case his influence has been more on  people who already had a certain interest in bitcoin, among retail Bitcoin investors or potential ones.

Instead, I think Michael Saylor is giving institutional adoption a major push. His company recently held a Summit on Bitcoin for Corporations attended by thousands of companies representatives.

When I listen to him, I hear a well-educated, calm person giving a thousand and one arguments why bitcoin is the best store of value in the world, why its value in fiat terms will continue to rise and why companies should buy it. He doesn't look like a drug addict with compulsion problems like McAfee or someone overly technical like Andreas.

All in all I hear a good salesman and I think he's going to give institutional adoption the boost it's been missing.
11  Economy / Trading Discussion / "Trading Bitcoin is a sign of a lesser intellect" .-Michael Saylor on: February 04, 2021, 07:02:16 PM
He says it in this video:

https://www.youtube.com/watch?v=yI6FW33KnDs

Well, we already know that Michael Saylor likes to make headlines, but I think he is giving a lot of free publicity to Bitcoin and that's good.

As for what he says, I wouldn't have put it that way, but I think he is right. Let's look back, the price of Bitcoin has grown over the last 12 years from a few cents to almost $40k today. Was it really worth trading when it was at $0.10? What about when it was over $1? What about at $10? Etc.

Now let's look to the future. If you are one of those who believe that bitcoin will hit $100k this year, that it will probably hit $1 million in the next cycle, and that the cycle after that will go even further, don't trade. You will be wasting your time, and most likely your money.

Of course there will have been, and will continue to be, people who can make money trading. But what percentage are we talking about? Between 80 and 90% of traders in the stock market lose money, and I am sure that this percentage is the same in the crypto world or maybe even higher.

Bitcoin has been giving a return of 200% per year (average) so far. If it continues to give that return, you just have to invest $1k and wait 6.3 years to become a millionaire. I don't know what you expect to get out of trading but I can't think of a better return for doing nothing.





12  Other / Meta / (Help!) Forum zoomed out. on: January 30, 2021, 03:29:00 PM
I don't know what I have done but the forum now appears smaller and it happens only with this forum, not with other pages. Does anyone have any idea how to restore it to its original size? It'annoying.
13  Other / Meta / Lots of one-liner bots on: January 26, 2021, 09:20:59 AM
I've reported a bunch of one-liner bots and they have already been dealt with but I keep finding more.

See this topic for example: https://bitcointalk.org/index.php?topic=5312326.0



They say something somewhat related to the topic so at first sight they might not seem so obviously bots.

I've highlighted the first reply because he is quoting another bot.

The second one is also a bot. Let's see how their post history looks like:



Any idea why this happens? After the few minutes it has taken me to write this post, another bot has posted: TONY999

I've already reported all of them.
14  Other / Meta / Isn't this considered merit begging? on: January 09, 2021, 05:29:13 PM
I am going to quote what I've just written in the WO thread:

Guys im sorry for asking that here , but is there any merits source here would like to save me from the newbies hell ?

i only need 3 merits and i would be appreciated if any one could help , i will delete this post after moments if i didnt get any attention .
thanks in advance <3 

Not a source, but I merited you. You're still a newbie though, seems like you need more activity.

RankRequired activityRequired merit
Brand new00
Newbie10
Jr Member301
Member6010
Full Member120100
Sr. Member240250
Hero Member480500
LegendaryRandom in the range 775-10301000

I am really surprised about that. Isn't that considered merit begging? Some people get negative trust for that and it goes against unofficial rule number 7.

I've checked his post history and it doesn't seem to me like it is so great that he deserves those merits just for asking. I'd like to know what you think about.
15  Economy / Speculation / Michael Saylor goes nuts: he predicts a $15 million Bitcoin price. on: January 09, 2021, 04:54:19 PM
https://www.youtube.com/watch?v=IaFVNBG9-Lk

I wish he is right but I also wonder if he is delusional.

In the above video, minutes 14:28 to 25:25 he speaks of gold being totally replaced by bitcoin as a store of value in the same way that wooden ships were replaced by steel ships. He also gives other examples of this style. Just because something has worked for 5,000 years doesn't mean it won't be replaced by new technology.

He also talks about 50 to 75% of the money going nowadays into bonds, index funds, etc., going into bitcoin in the future because, according to him, it is purchased as a store of value. He estimates that the total of the world's money currently invested in those assets but as a store of value is between $100 trillion and $250 trillion.

That calculation leaves a $15 million price per Bitcoin in today's purchasing power terms.

Bitcoin would become a cyber index of the entire world global economy on the blockchain.
16  Economy / Economics / Do you think Strike will help mass adoption? on: January 09, 2021, 04:49:41 AM
First of all, for those of you who don't know anything about Strike, like me a couple of days ago, here is a 1-minute video:

https://www.youtube.com/watch?v=Rt2C3CsLi7k

and here is a summary:

Announcing Strike Global

"Today we are announcing that Strike:

    Has partnered with Bittrex Global and will be launching in over 200 countries.
    Has added support for USDT, USDC, EUR, GBP, CHF, and more.
    Will be onboarding all 1M+ Bittrex users onto Strike and Lightning.
    Will have the Strike Card available in the US Q1 2021.
    Will have the Strike Card available in the EU and UK Q2 2021.

Strike’s US rollout has been an immense success. In our short 6-month public BETA, we’re well into 5-figure registered users and currently process millions of dollars in volume per month. With our announcement today, the first of its kind, Bitcoin-native, neo-bank is expanding its reach to over 200 countries.

We’re not only bringing bitcoin the asset and Bitcoin the network to billions of people, but we’re also disrupting the international funds transfer sector while doing it.

<...>

On January 3rd, 2009 the world was gifted the first ever natively digital, inherently global, asset known as Bitcoin. Bitcoin provides an open network of its own that enables parties worldwide to send and receive information about financial transactions. Sound familiar?

The Bitcoin network, however, came with its own flaws:

    Variable cost to achieve transaction finality.
    Variable time to achieve transaction finality.
    Must use bitcoin the asset on the Bitcoin network.

Enter the Lightning network. Lightning solves the first two issues, both the cost and delay in achieving transaction finality. With Lightning, the Bitcoin network can now achieve physical settlement and final clearance immediately and at virtually no cost.

    V̶a̶r̶i̶a̶b̶l̶e̶ ̶c̶o̶s̶t̶ ̶t̶o̶ ̶a̶c̶h̶i̶e̶v̶e̶ ̶t̶r̶a̶n̶s̶a̶c̶t̶i̶o̶n̶ ̶f̶i̶n̶a̶l̶i̶t̶y̶.̶
    V̶a̶r̶i̶a̶b̶l̶e̶ ̶t̶i̶m̶e̶ ̶t̶o̶ ̶a̶c̶h̶i̶e̶v̶e̶ ̶t̶r̶a̶n̶s̶a̶c̶t̶i̶o̶n̶ ̶f̶i̶n̶a̶l̶i̶t̶y̶.̶
    Must use bitcoin the asset on the Bitcoin network.

That leaves us with the last flaw, the requirement of using bitcoin the asset. However, now with Strike, users can use the Bitcoin network with only their bank account or debit card. They don’t need bitcoin the asset to benefit from Bitcoin the network."

I also opened a thread about the tax implications:

How are lightning payments going to be taxed?

But got no replies so far. So please, if you want to comment on taxes, do it so in that thread.

Finally, I would like to say that I am not very familiar with the technical side of this. I don't know if it will work or not, but if it does I think it will be a huge deal, even increasing the demand because people who don't have bitcoin but want to send money faster (instantaneously) and with cheaper currency rate, will create more demand for bitcoin via Strike.
17  Bitcoin / Legal / How are lightning payments going to be taxed? on: January 07, 2021, 09:46:23 PM
I've just watched this video:

BTC007: Bitcoin Disrupting Payment Clearing Houses w/ Jack Mallers

In the interview, Jack Mallers talks about various aspects of the lighting network but I want to focus on one:

According to him, with the lighting network you will be able to pay in any store either directly with your bitcoin, if the store implements the lightning network, or by converting instantly to cash with a visa if it does not accept it. The problem is that, according to him, because of recent regulations in the US, any store billing more than $3k a day will have to implement KYC as well.

He says that his company has an answer or solution in mind but has not wanted to disclose it yet.

If you pay for a coffee with a visa, having instantly converted your bitcoin to dollars, in theory you could be charged for capital gains. Let's say you bought the bitcoin at $30k and when you pay it's $40k. The IRS could tax you for the capital gain in proportion to the amount. If you pay with bitcoin the same. I understand that, even if you don't actually convert it to fiat, the state will make you pay fees in an equivalent manner.

This can be a big mess if you have to pay capital gains for every small payment.

I have searched if there were any threads opened about this but have not found anything.

If you pay at a small store that sells less than $3k a day you will maintain privacy, at least at first, but it seems that to pay at Starbuck, McDonald's etc. will not be so.

18  Economy / Speculation / WTF? Do you think a major Central Bank will close soon? on: January 05, 2021, 08:02:35 PM
Max Kaiser says that "one of the major Central Banks will close in 2021-2022, utterly and completely".

https://www.youtube.com/watch?v=_VcOjre9h60

Is this guy high? Is he an idiot or what? If he turns out to be right I'll admit it and I will take him into great consideration but I think he is just nuts.

I don't know much about him, apart from the fact that he is well known in the cryptocurrency space. I've googled about him and found that there is no middle term: some people love him and some people hate him.

Here we have an old bitcointalk thread about his credibility:

Why does Max Keiser still have any credibility?

Anyway, in that video he says that one of the major Central Banks will close in 2021-2022 and that will start a transition post-central banks.

The idea sounds good to me but I don't expect it so soon.

He sounds to me like quack.
19  Economy / Speculation / Will reaching 100k be a self-fulfilling prophecy? on: January 01, 2021, 05:22:20 AM
After watching Sunny Decree latest video: https://www.youtube.com/watch?v=xYkoilN4PJ4

I have been thinking about the importance that the psychological part can have in the price increase.

He gives 4 reasons:

1) Market Cycles (Institutional Phase).
2) Self fulfilling Prophecy.
3) Retail FOMO about to get started...
4) Only a small percentage of the population own bitcoin and that can only increase, thus increasing demand.

I want to focus on the second one.

Most predictions (I'll leave out the bitcoin haters and nocoiners) give at least $100k for this cycle, some quite a bit more. Then, when the price is closer to 100k, say 80k, people who are thinking of buying, even if it is unconsciously, they will think they have at least 20% potential profit. This will increase demand and help the price go up.

Something similar happened with the 10k barrier in 2017.

This is the first time I have heard this concept applied to investments and it has given me food for thought. I believe that if we reach 100k in this cycle, it will have been more due to institutional investment than to psychology but I wonder what role psychology will play.

I don't know if you've heard this concept applied to investments and how important you think it might be.
20  Other / Beginners & Help / A couple of questions about privacy on: December 29, 2020, 09:13:22 PM
I have been reading about transactions, privacy, coin control etc. The truth is that until now I haven't worried much, but a couple of doubts have arisen.

The first one: if you don't have much bitcoin and you haven't done many transactions, you should be very worried about it?

The second one: would it be a good idea for example that what I earn with the signature campaigns goes to the same address and I use that address to send bitcoin without mixing with other of my addresses?

In other cases I think it will be unavoidable to use different addresses for sending bitcoin if you have little money in the addresses and want to send more.

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